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The outstanding bankers of 2017

VietNamNet Bridge - Bankers Ngo Chi Dung, Duong Cong Minh and Dang Khac Vy frequently appeared in local media in 2017. 

Bitcoin transactions remain illegal

SBV releases statement confirming that all crypto-currencies are illegal in Vietnam.

Khaisilk set to face criminal probe

 Famed silk brand may face investigation over claims it marketed Chinese silk as "Made in Vietnam".

Vietnamese fashion brands warned: innovate or shut down

VietNamNet Bridge - Many foreign fashion brands have entered the Vietnamese market, creating stiff  competition in the market for local brands.

Vietnam spends $9.4bn on debts this year

Debt interest and principal payments equal to 4.18% of GDP made year-to-date as at October 15.

Quick look at Vietnam economy between 2010-2017

The national economy expanded at around 6% on average and maintained stable increases in foreign investment inflows, foreign arrivals, and export revenues between 2010-2017.

Vietnam expects $30 billion FDI by year-end

 In the ten months of this year so far, Vietnam reported record high foreign investment inflows, with $28 billion coming in, primarily from APEC economies. The figure is expected to increase to $30 billion by the end of the year.

Ha Thu wins online photogenic competition at Miss Earth 2017

 Vietnamese representative Ha Thu recently came first in Online Photogenic Competition final rankings at Miss Earth 2017 pageant.

Offices and schools to be closed for APEC Summit

 Offices and schools in the centre of Danang City will close during November 10 and 11 for the APEC Summit.

Cargo aircraft arrive in Hanoi for Trump’s visit

 Two US cargo aircraft arrived at Noi Bai International Airport in Hanoi on October 30, transporting goods and equipment for US President Trump’s visit to Vietnam.

Local telecom market saturated

 Viet Nam’s telecommunications market has reached a saturation point and will find it hard to attract new subscribers. This could result in increasingly fierce competition among telecom providers for their revenue and market share.

SCIC under divestment pressure in Q4

 The State Capital Investment Corporation (SCIC) is under pressure to complete its divestment scheme towards the end of this year with many large companies still in its portfolio.

SOEs struggle to attract investors in equitisation

The Central Institute for Economic Management eleased a report on Monday on the actuality of strategic shareholders’ involvement in State-owned enterprises’ equitisation process, which they concluded to be below expectations.

Trade surplus of $1.23 billion in 10 months

Viet Nam witnessed a trade surplus of $1.23 billion so far this year, according to a report from the General Department of Customs. 

Firms sprouting up nationwide

 Over 105,000 new enterprises were set up nationwide in the first 10 months of this year, a year-on-year increase of 14.6 per cent.

MoNRE looks to cut business conditions

The Ministry of Natural Resources and Environment (MoNRE) has proposed the Government to shift one conditional business line, eliminate 36 business investment conditions and amend 15 conditions required for individuals in enterprises.

Cashew industry faces volatile weather, pests

The cashew industry has achieved impressive growth in the past years with increasing exports, but unfavourable weather due to the impact of climate change and an increase of diseases and pests threaten its continued development.

Smugglers take to the waterways

 Cross-border smugglers are transporting goods from Cambodia to the Mekong Delta provinces by using boats during floods.

VN stocks rise further on energy

 Shares ended on a positive note for a second day on the HCM Stock Exchange on October 30 as energy firms and some construction companies continued to perform well.

A Jazzy Night by Colombian and Israeli artist SamRaz in Hanoi

VietNamNet Bridge - Continuing the success of previous sessions, this November “Hidden Beat” will be back with the stimulating yet deep, moving jazzy melodies from SamRaz.