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Stocks fall on worries of tight margin lending

 Vietnamese shares ended January 16 on a negative note as large-cap stocks were hit by strong selling as investors worried about a draft amendment on the initial margin to be passed by market regulators.

Vietnam files third complaint against US at WTO

 Vietnam has filed a complaint to the World Trade Organisation (WTO) against the United States’ anti-dumping measures on Vietnamese fish export, said the Ministry of Industry and Trade.

VN Athletes of the Year honored

 Bui Thi Thu Thao was honoured as Female Athlete of the Year at the Victory Cup awards ceremony yesterday in Hanoi.

VN player wins first round of Copa del Café

 Young Vietnamese ace Nguyen Van Phuong came from behind to beat Tomas Kopczynski of the US in the first round of the men’s singles category at the Copa Del Café Junior Tennis Tournament held in Costa Rica on January 16.

Government to impose fine for damaging trees

 Individuals or organisations who are found to cause damage to trees will be fined up to VNĐ30 million (US$1,300) from January 15, says a new Government decree.

S Korea, Da Nang agree to develop urban railway system

 The central city’s transport department and South Korea’s Seoul Metro corporation signed a Memorandum of Understanding (MoU) in urban railway development and public traffic research at a ceremony yesterday.

Retiring age in Vietnam to rise in 2021

 The retirement age in Vietnam, currently 60 for men and 55 for women, may be gradually raised to 62 and 60, respectively, beginning in January 2021, the Ministry of Labor, Invalids and Social Affairs proposed.

Who is pumping money into coal-fired thermal power projects?

The development of coal-fired power plants in Vietnam depends largely on foreign financial resources, especially China. 

Ensuring energy and water security: a challenge for Vietnam

VietNamNet Bridge - Vietnam needs to increase power generation capacity by building power plants, including thermopower, but such facilities could affect the quality of water resources.

Preschools told to receive 3-month olds

If the draft education law compiled by the Ministry of Education & Training (MOET) is approved, preschools will have to receive children from 3 months old to six years old. 

HCMC says certain vehicles can use BRT lanes

 HCMC will allow certain types of vehicle to travel on bus rapid transit (BRT) lanes at some hours and connect BRT routes with those of normal buses.

4G network operators launch super-cheap packages

VietNamNet Bridge - All the three large mobile network operators, VinaPhone, Viettel and MobiFone, have geared up for the 4G race. 


Central VN enters peak time of preparing Tet flowers, fruits

 People in the central region have prepared many types of flowers, fruits and ornamental plants for the Lunar New Year festival which will come in one month.

PV Oil remains fuel export monopoly after equitization

After an IPO scheduled to be launched on the Hochiminh Stock Exchange (HOSE) on January 25, PetroVietnam Oil Corporation (PV Oil) will maintain the exclusive right to export crude oil extracted by Vietnam Oil and Gas Group.

Expert: Stock market cap to rise to US$200 billion

  Total capitalization of Vietnam’s stock market is predicted to reach U$200 billion this year, buoyed by  many favorable macro conditions, said Hoang Cong Tuan, head of economic research at MB Securities Company.

Social insurance debts amount to VND5.7 trillion

 Companies across the country still owe about VND5.7 trillion (US$250.9 million) in social insurance premiums, accounting for 3.3% of all receivables, Tien Phong newspaper quoted the Vietnam General Confederation of Labor (VGCL) as saying.

Japan bank eyes more Eximbank shares

Sumitomo Mitsui Banking Corporation of Japan is considering hiking its ownership at Eximbank if the restructuring of Eximbank is successful, said Yutaka Moriwaki, an Eximbank board member.

Waste tank cracks, pollutes northern stream

Hundreds of fish died en masse after an industrial waste tank cracked open in the He Muong Commune in the northern province of Dien Bien on Monday. 

Phat wins freestyle football championship

 Nguyen Ngoc Phat beat nearly 40 rivals to triumph at the Viet Nam – Ford Freestyle Football Championship 2018, which wrapped up in Hanoi over the weekend.

GSO plans to “measure” informal business sector

 The Ministry of Planning and Investment will submit a scheme on informal economic statistics to the Prime Minister for approval this year.