There remain six challenges to Vietnam`s economy in its quest of rapid and sustainable development.

 Competition in the country’s credit card market has become stiffer as more big players join large domestic banks and finance companies in the race to gain shares in the potential market.

 Consumer financing is expected to grow at a double-digit rate for the next three years as households increase their spending.

 VietNamNet Bridge – The Traffic Police Department under the Ministry of Public Security has considered proposing a demerit point system to tackle driving offences.

 VietNamNet Bridge – Vietnam’s Pham Ngoc Kien won gold at the third World Taijiquan Championships in Bulgaria on Sunday.

 VietNamNet Bridge – Hanoi police on Monday announced the launch of an investigation into an alleged parking racket that might involve tens of billions dong at the city’s biggest wholesale market of Long Bien.

 E-invoicing will be compulsory for all enterprises from November 1st 2020 following Decree 119/2018/ND-CP approved by the Government on September 12.

  Retail giant AEON has terminated its tie-up with Ha Noi-based Fivimart after four years of co-operation due to losses.

 Vietnam has built a system of policies and laws on seas and islands during the 10-year implementation of the Maritime Strategy. 

 Vietnamese movie Nguoi Vo Ba (The Third Wife) has received the RTVE - Another Look Award at the 66th San Sebastian International Film Festival.

 Foreign banks` restructuring process is aimed at refocusing resources on their remaining business activities and increase efficiency in Vietnam`s market.

 State budget revenues as of September 15 reached VND898.3 trillion (US$38.24 billion), equivalent to 68.1% of the year`s estimate.

 Vietnam should further promote the transparency if it wants to attract more FDI inflow from the world’s leading investors, especially those from the US and EU, into high-tech and modern services sectors, experts suggested.

 The move is necessary for Vietnam Electricity to cover an incurred cost of VND20.73 trillion (US$892.18 million) in the 2018 - 2019 period, stated the Ministry of Industry and Trade (MoIT) on its website.

Small banks and finance companies are now rushing to issue credit cards and compete with big banks as they believe the development potential of the credit card market remains great.

 The Vietnamese Ministry of Natural Resources and Environment will host the first Regional Congress on Geology, Mineral and Energy Resources of Southeast Asia (GEOSEA 15) on October 16-17.

 A series of policies on business registration, rice export business, management of foreign exchange for border trade activities between Viet Nam and China come into force in October. 

 Viettel FC has officially been promoted to Vietnam’s top-tier football league, V.League, after beating Binh Phuoc 2-0 at home in the penultimate round of the 2018 First Division tournament to confirm themselves as the champions with one game in hand.

 While Korea, Japan, and Singapore are the largest foreign investors in Vietnam, investment flows the US and Europe also promise to pick up.

Trinh Huu Tung, Meritorious Doctor and Director General of the Ho Chi Minh City Paediatric Hospital No. 2, speaks to Khoa học & Đời sống newspaper on his hospital’s plan to offer a new health tourism model