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Banks struggle to collect bad debts from 12 unprofitable super-projects

By the end of June 2018, the total loans provided to 12 unprofitable enterprises under the management of the Ministry of Industry and Trade (MOIT) had reached VND20.934 trillion.

Mobile subscribers in VN allowed to maintain number when switching providers

 The three largest mobile phone operators in Vietnam, namely VinaPhone, Viettel, and MobiFone, will officially allow their subscribers to switch provider without changing their number from November 16.

HCMC celebrates its 300th birthday with numerous cultural activities

 A series of festivals and cultural activities celebrating the 300th anniversary of Ho Chi Minh City are planning to be held, announced the municipal People’s Committee.

Amazing events for this weekend in Hanoi: Rock with Deutschlandfest

 There are a lot of great events you can enjoy in Hanoi this weekend, and here are the ones we recommend.

Minister responds to queries on fake news

Ways of dealing with news containing inaccurate information and defaming individuals was among the hot-button topics addressed during the legislative body’s grilling on Wednesday of Minister of Information and Communications Nguyen Manh Hung.

HCMC to compensate Thu Thiem residents based on land value

 The HCMC government will offer households located on 4.3 hectares of land outside the approved boundaries of the Thu Thiem New Urban Area development project land lots with the same value as their original land lots.

AFF Suzuki Cup Trophy heads to Hanoi

 The ASEAN Football Federation (AFF) Championship - Suzuki Cup Trophy will arrive in Hanoi on November 2, just a week ahead of the kick-off of the region’s biggest football tournament.

PwC: Vietnam's working capital performance behind most regions

 Vietnam’s cash to cash cycle (C2C) was around 68 days for fiscal year 2017 (FY17), which was double or higher than most regional and global peers, respectively, according to the latest study from PwC Vietnam.

Bamboo Airways' query to take to the skies was refused

 If Bamboo Airways fails to be granted the air transportation business licence in time, the company will face the risk of missing the time for its first commercial flight as planned.    

Electric car service for tourists to be launched in Da Lat

 A project on using electric cars to carry tourists will be piloted in Da Lat city, the Central Highlands province of Lam Dong, from next month.

Vietnam's H’Hen Nie makes appearance on Miss Universe 2018 website

The website of the Miss Universe 2018 pageant has been updated with the latest information of the 82 out of total 95 contestants, including Vietnamese representative H’Hen Nie.

Italian culture introduced in Vietnam

The Italian Embassy in Hanoi will organize a cultural fair and an Italian cuisine week to introduce its culture to Vietnamese people and mark the 45th anniversary of Vietnam-Italy diplomatic ties. 

BIDV to sell shares to South Korea’s KEB Hana Bank

 The Bank for Investment and Development of Vietnam (BIDV) expects to issue 603 million new shares to South Korea’s KEB Hana Bank in a move to raise its charter capital to VND40.22 trillion (US$1.72 billion).

Stronger US dollar, weaker yuan weigh on trade

 The Vietnamese economy is walking a careful tightrope amid rapid developments around the world, especially the spiraling US-China trade war and the US Federal Reserve’s rate hikes, which are weighing on exchange rates and Viet Nam’s trade balance.

PetroVietnam calls on Government support for Block B-O Mon gas project

 PetroVietnam has called on National Assembly deputies to propose creating favourable conditions to speed up the Block B-O Mon Gas project which is behind schedule.

Agreement opens EU to VN timber

The signing of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement between Viet Nam and the European Union is expected to have a positive impact on the country’s economy and environment.

VN firms post low working capital efficiency

 Viet Nam’s listed companies lag behind firms in most world regions in terms of working capital performance, the latest study of auditor PricewaterhouseCoopers (PwC) Vietnam has revealed.

VN posts trade surplus of $6.4 billion in 10 months

 Viet Nam reported a trade surplus of US$100 million in October, bringing the country’s trade surplus to $6.4 billion in the first ten months.

Vietnam's purchasing power rises quickly

 The people’s purchasing power soared 9.31 per cent in the first 10 months of this year according to the General Statistics Office (GSO).

Vietnam maintains tariffs on imported steel

The Ministry of Industry and Trade has decided to maintain safeguard measures for steel billets and steel bars imported from a number of countries and territories including China, the US, Canada, Germany, France, Japan and South Korea.