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Two customers lose $7.4 million from VietABank savings books

 Two customers of Vietnam Asia Commercial Joint Stock Bank (VietABank) in Hanoi have just discovered the disappearance of VND170 billion ($7.4 million) from their savings books.  

Franchise troubles: quality issues at bubble tea brands

 While almost all bubble tea brands in Vietnam are part of franchises, several brands fail in their oversight and management of their shops, leading to varying quality and taste across shops.

Till prison do we part

 VietNamNet Bridge – Photos from a couple’s wedding album have been causing quite a stir online. The newlyweds, from HCM City, posed in matching prison uniforms to mark their nuptials. 

Facilitating factors trigger new investment drive from China

 Vietnam’s improved business climate, along with a number of external factors, would enable the country to receive a boost in foreign direct investment coming from China.

Ben Tre salt farmers hit by unexpected rains

 VietNamNet Bridge – Salt producers in the Mekong Delta province of Ben Tre have yet to begin their harvest one month into the 2018 -19 season because of unseasonable rains.

Tax challenge to continue in New Year

 The Law on Cybersecurity entering into force requires cross-border platforms to establish representative offices or branches in Vietnam, but challenges for local tax authorities are far from over.

Time to stop the ’red light’ videos?

 VietNamNet Bridge – A series of tragic accidents, in which vehicles ploughed into other road users waiting at traffic lights, in Long An Province, Hanoi and Da Nang last week has caused concern among the general public. 

BUSINESS NEWS IN BRIEF 8/1

Waste-to-energy offers quick returns, Nokia 8.1 comes to Viet Nam, Thaco pours US$200m into production plant, Hoa Phat Group’s steel export shoots up over 50 percent, Wooden furniture exporters expect bright prospects in 2019

Trends in VN’s network safety, security

 The Authority of Information Security, under Viet Nam’s Ministry of Information and Communications, has forecast five major trends in network safety and security to watch in 2019.

Value of IPOs and corporate bond issuance hits five-year high

Issuance value of corporate bonds in Viet Nam reached a five-year high of VND39.45 trillion (US$1.7 billion) in 2018, data from Bao Viet Securities Co (BVSC) showed.

Vietcombank to sell shares to fund capital hike

 Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will sell shares worth US$270 million to foreign strategic investors to increase its charter capital.

Seperate lanes may save lives but investment is needed

 VietNamNet Bridge – It may have only been five seconds long, but the video clip that went viral of a truck smashing into 21 motorbikes has left a permanent scar on those who viewed it.

Power shortages predicted for Southern region in 2021

 VietNamNet Bridge – Power shortages could occur in the southern region from 2021 to 2025, according to a report from Viet Nam Electricity (EVN).

Social News 8/1

Lâm Đồng master scheme ratified, Tonnes of toxic waste seized in Binh Duong, HCM City vocational schools told to focus on soft skills, Vietnam Railway launches two new tickets selling websites

Enhance accountability for SOEs: PM

 Prime Minister Nguyen Xuan Phuc asked accountability to be enhanced in the restructuring and divestment of State-owned enterprises (SOEs) to improve the efficiency of the process.

More distribution chains sell secondhand furniture

Analysts say that Vietnam is following developed countries. According to Statista, a market analysis firm, the used furnishing retail industry in developed countries has had two-digit growth rates annually. 

Xoi tram, a specialty of Cao Bang

Cao Bang is not only well known for its natural beauty at sites such as Ban Gioc Waterfall, Pac Bo Caves and Thang Hen Lake, but also its trám đen, a wild fruit that the Tay and Nung ethnic groups pick in the forest to cook into many tasty dishes

VNA journalists recall reporting from Cambodia

Officials, experts, journalists, and technicians from the Vietnam News Agency who worked through different periods in Cambodia met on January 7, recalling their memorable times of hectic reporting from the neighbouring country.

Technology CEOs change jobs in 2018

The year 2018 saw many well-known CEOs of technology firms change jobs. They included former Microsoft Vietnam CEO Vu Minh Tri, former Uber Vietnam CEO Dang Viet Dung and Facebook Vietnam Country Director Le Diep Kieu Trang.

Vietnam to use smart apps, drones for forest protection

VietNamNet Bridge - Forests could be managed and protected more effectively with the use of smart apps, which would also increase transparency, experts say.