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Traditional retailers face difficulties given digital era

The recent emergence of e-commerce and online payments has posed a great challenge for traditional retail giants.

VN central bank proposes account freezes to tackle fraud

The State Bank of Viet Nam (SBV) has proposed freezing the accounts of those suspected of committing the fraud.

 

VN Public Security Ministry warns against over possible Ponzi schemes

The Ministry of Public Security has issued a warning against investing in Eagle Rock Global (ERG) as the firm shows many signs of a fraudulent business and most likely is a running a Ponzi scheme.

 

Wood Mackenzie: Vietnam becomes Southeast Asia’s hottest solar PV market

Vietnam is now the leader in Southeast Asia’s solar photovoltaic (PV) market with the largest installed capacity in the region, Wood Mackenzie said in its statement.

 

Ethnic man with formula curing hepatic diseases

A young man from H’Mong ethnic community Cu A Sua has studied and discovered a formula to cure several hepatic diseases for a reasonable price.

'Paradise' of terraced rice fields in Son La

At the end of September and early October, in Bac Yen district, Son La province, the golden terraced rice fields on the hillsides create a charming scenery.

VN banks race to lower service fees

A number of local commercial banks, including major players, have reduced and even eliminated service fees to attract more service users and depositors.

 

Vietnam sees US$9 billion trade surplus in Jan-Oct

Vietnam earned a trade surplus of US$9.01 billion in the January-October period this year, the highest ever, up 23% year-on-year due to the strong export of phones, computers and textiles.

VN firms issue total US$7.7 billion worth of bonds in 10 months

Commercial banks remained the biggest bond issuers with VND79.4 trillion worth of bond issuance, accounting for 44.4 per cent of the total figure.

Banks tighten credit as real estate developers search for more capital

Real estate firms are seeking new sources of capital as commercial banks have tightened lending.

Some 6.3 million Vietnamese predicted to suffer diabetes by 2045

About 69% of the Vietnamese suffer from undetected hyperglycemia, and only 29% of people with diabetes are being treated.

Fight against foreign crimes keeps hitting roadblocks

Foreign people in Vietnam are exploiting legal loopholes and local authorities’ oversight to carry out a multitude of crimes, from gambling to drug rings and even elaborate cybercrime.

Heavy investment in HCM City's bus system remains ineffective

HCMC annually spends some VND1 trillion on average to offer subsidies for public buses to encourage the use of public transport among the local people, but the number of bus passengers has continued to decline.

 

Foreign textbooks facing stricter censorship in Vietnam

Principals of universities will establish a council to choose or compose particular textbooks to use in their own educational institutes.

River traffic expected to return to HCMC-Vung Tau waterway by end-Nov

The salvage of the sunken container vessel VietSun Integrity is continuing in Long Tau River in HCMC’s Can Gio, with cargo traffic on the HCMC-Vung Tau waterway expected to return to normal between November 25 and December 12.

 

Vietnam to give tax incentives to automobile manufacturers, electric car imports

Prime Minister Nguyen Xuan Phuc has instructed the Ministry of Finance (MoF) to look at taxes and fees related to automobile manufacturing and assembly in order to help the sector grow.

E-commerce delivery battle in Vietnam becomes more costly

Online buyers in Vietnam are increasingly impatient, driving the war on delivery speed.

Heineken no longer major shareholder of Vietnam’s brewer Sabeco

Heineken was a direct competitor of Thaibev for the acquisition of Sabeco in late 2017. However, Thaibev won the race by spending US$4.89 billion for a nearly 54% stake of Sabeco.

HCM City festival highlights local and foreign cultures

The HCMC government will organize a festival highlighting the cultures of Vietnam and other countries from November 29 to December 1.

Vingroup Chairman listed among world’s 50 theme park influencers

Chairman of Vingroup Pham Nhat Vuong has been named among the top 50 theme park influencers in the world for his innovation and creativity in the global theme park industry in 2019.