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SBV tells banks to up security after $11m fraud

The State Bank has instructed all banks to improve safety of their money transactions after the Ministry of Public Security issued an international warrant for a fugitive bank executive for allegedly misappropriating nearly US$11 million.

Banks to shuffle leaders in 2018

 Banks are expected to make major changes in the selection of their top personnel for the upcoming term from 2018 to 2023 to meet the Government’s new regulation.

Vincom Retail poised to join ETF portfolios

 Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF.

Car companies voice concern over Decree 116

 Viet Nam needs to develop its own automobile industry, create favourable import conditions and ensure production for more than 90 million people.

Ministry stalls shadow economy study

 After much debate over the true nature of undocumented market transactions in Viet Nam, otherwise known as the shadow economy, officials have again postponed the release of an accredited study on the matter.

Sugar prices plunge on smuggling

 Sugar prices in domestic market have fallen so sharply that sugar mills and sugarcane farmers in the Cuu Long (Mekong) Delta are facing difficulties.

Executives, officials meet VN trade aides

 Localities and businesses appreciate the efforts made by Vietnamese trade counsellors in helping the country’s businesses boost their exports, and want them to continue providing information in a timely manner.

VN's Dung among three favourite goalies of SEA region

 Vietnamese goalkeeper Bui Tien Dung finished third in the poll of top goalies of the Southeast Asian (SEA) region carried out by foxsportsasia.com.

Revolutionary cinema star passes away

 VietNamNet Bridge – Actress Tue Minh, widely known for her roles in Vietnamese classic movies of Revolutionary Cinema from the 1950-1960, passed away on her 80th birthday in Hanoi.

Vietcombank to sell 10 percent stake to foreign investors

 The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is planning to sell more than 350 million shares, or a 10 percent stake, to foreign investors in the first half of 2018.

Prices of herbal medicines to be standardised

 The supply, price and use of herbal medicines will be tightened by strengthening policies on quality assessment at medical facilities, Minister of Health Nguyen Thi Kim Tien has stressed. 

President Tran Dai Quang’s India visit to foster multi-faceted cooperation

 The upcoming State visit to India by Vietnam’s President Tran Dai Quang, from March 2-4, is expected to help promote cooperation between the two countries, while deepening ties in national defence and security.

Vietnam attends UN Human Rights Council’s 37th session

Vietnamese Ambassador Duong Chi Dung attended the 37th session of the UN Human Rights Council which opened in Geneva on February 26.

Buddhist Sangha proposes eliminating votive paper burning at pagodas

 The Vietnam Buddhist Sangha (VBS) has sent an official document to its chapters nationwide asking for giving up the practice of burning votive paper offerings at Buddhist worshiping establishments.

Seven-year-old donates cornea, thousands touched

Nguyen Hai An, 7, of Hanoi’s Nam Tu Liem District, took her last breath on February 22. But before she passed away in her K Hospital sickbed, she and her mother agreed that she would give her cornea to children

PM’s upcoming visit to lift Vietnam-Australian ties: Ambassador

Prime Minister Nguyen Xuan Phuc’s upcoming official visit to Australia in March will set up an important milestone in the relations between the two nations, creating a solid foundation to raise the bilateral ties.

Education minister awards student in Soc Trang for honesty

 Minister of Education and Training Phung Xuan Nha has approved the award of a certificate of merit to Do Van Bang, a student in Soc Trang province who returned a lost wallet with a large amount of cash to its owner. 

Auto imports drop following government’s new decree

 Automobile imports in Vietnam plummeted in the first month of 2018, also the time before Tết (Lunar New Year) holiday.

VN President to pay State visits to India, Bangladesh

 President Tran Dai Quang and his spouse will pay State visits to India from March 2-4 and Bangladesh from March 4-6.

Large-caps strongly support VN-Index

 Vietnamese shares rallied on February 26 but the uptrend weakened towards the closing minutes due to selling pressure in a number of blue-chips, especially during the ATC session.