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Lenders upgrade with digitalisation

 The face of retail banking in Vietnam is changing due to digitalisation, prompting banks to restructure themselves in a way to meet the demands of customers and bringing the payment experience to a whole new level with their virtual facilities.

Large banks concerned about raising capital

 State-owned banks are struggling to raise capital to improve their capital adequacy ratio (CAR) in line with Basel II requirements.

Central Bank saves billions by stopping cash-press at Lunar New Year

 The state budget will save hundreds of billions of VND thanks to the State Bank of Vietnam's (SBV) policy of not issuing fresh banknotes with the value lower than VND10,000 in the 2019 Lunar New Year.

VTV may again miss its divestment at the cable television K+ in 2019

 VTV’s plan to divest digital satellite television K+ will be put on a temporary halt due to the government’s decision to clarify its finances, which has been regularly reporting losses for many years.

Flu shot may be more effective than nasal vaccine, study says

 When it comes to vaccinating yourself -- or your kids -- against the flu, there are two options in the United States: a traditional shot or a nasal spray.

Strong tobacco retail licensing requirements reduce risk of teen e-cigarette use, study finds

 Retail licensing requirements written with cigarettes in mind could be helping lower the risk of teenagers using other tobacco products such as e-cigarettes.

Generating sustainable urban centres to help curb emissions

Vietnam is undergoing attempts to reduce the emission of greenhouse gases in urban areas. Adam Ward, the representative for Vietnam at the Global Green Growth Institute, gives an insight on how the nation can accomplish this mission.

Samsung vacillates between Vietnam and India for new facility

 Vietnam and India are Samsung’s two leading destinations to develop its next mobile phone factory after its decision to close its factory employing 2,600 workers in China’s Tianjin city on December 31.

Collection of padded jackets brings back memories

 VietNamNet Bridge – Each padded jacket designed by Trinh Bich Thuy represents a reminder of traditional culture. Her latest collection was released on Saturday in Hanoi.

Vinamilk no longer attracts foreign funds?

 Vinamilk has lost its appeal to foreign investment funds, with many beginning to sell down their holdings. Or are they just making space for the two largest foreign shareholders, Platinum Victory and F&N?

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.