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Moody's affirms ratings of eight banks, upgrades VP Bank's ratings

 In its latest assessment released on May 3, Moody’s Investor Service has affirmed the long-term and short-term deposit and, where applicable, issuer and senior debt ratings of eight Vietnamese banks as unchanged (B1 positive).

Shifting nature of bank bad debts

 Figures from ten Vietnamese banks reveal the cumulative bad debt ratio has increased from 1.87 per cent at the end of 2016 to 1.9 per cent as at March 31.

Genco 3 to build $422mn solar plants in Ninh Thuan

 A unit of monopoly electricity provider Electricity of Vietnam (EVN) has unveiled a plan to build two solar power plants in the south-central province of Ninh Thuan with a combined capacity of 350 MW.

Golf returns drive developer interest

 With booming golf resort development across the country, Vietnam has come a world-class destination for golf tourism. 

Waste-to-power is twice sustainable

 Foreign investors have made their ambitions clear for building green energy waste-to-power projects in Vietnam.

How the law treats residents and officials differently

 Despite breaking the law by allowing the destruction of 116 hectares of forest in Phu Yen Province, the local authorities have only described their violations as ‘careless’. 

Staff liable for compensation payouts in miscarriage of justice

 The Ministry of Finance has just proposed that the People's Supreme Court ask those involved in the miscarriage of justice that saw Huynh Van Nen convicted to pay out compensation for their wrongdoings.

General Department of Fisheries opposes Chinese fishing ban

 The General Department of Fisheries said it rejected a Chinese fishing ban in the East Sea and would continue supporting local fishermen.

Fresh Garden Café for weekend retreat

 Fresh Garden Café on Nguyen Khanh Toan St. in Hanoi is ideal for family members to gather at weekend.

Coffee shop helps Hanoi residents escape summer heat

Customers to Kat Café in Hanoi will have the feeling of being on a beach. After removing their shoes, they can step inside and sink their feet into a thick layer of sand. 

VN Government to borrow US$15.05 billion in 2017

 The Government plans to borrow US$15.05 billion this year, according to a borrowing and debt payment scheme recently approved by Prime Minister Nguyen Xuan Phuc.

Giant lotus lanterns light up for Buddha’s birthday

 Seven giant lotus lanterns were lit up on Xuan Huong lake on May 3 to mark Buddha’s 2561th birthday as part of activities of the 2017 Buddhist Culture Week.

My Tam listed nominee at Big Apple Music Awards 2017

 Pop star My Tam has been named in a list of nominees at the Big Apple Music Awards (BAMA), according to the official Facebook page of the awards.

All casinos can pilot serving Vietnamese customers

 The draft circular to guide the implementation of certain clauses of Decree No.03/2017/ND-CP issued by the government on casino business has no clause restricting which casino in which region can pilot opening to Vietnamese customers.

PM orders stronger management over farm produce market

PM Nguyen Xuan Phuc has told the Ministry of Agriculture and Rural Development to draw lessons and seek ways to improve the poor management of the farm produce market.

Social networks most popular for mobile internet users

More Vietnamese mobile internet users access social networks daily than any other activity with their device, reported Appota in its report on the Vietnamese mobile market.

International tourists surge over 4m in four months

 The number of international visitors to Viet Nam in the first four months of this year was estimated at 4.28 million, representing a year-on-year surge of 30.3 per cent.

Brad Pitt says he quit drinking, in therapy after split with Jolie

 Brad Pitt has opened up for the first time about his divorce from Angelina Jolie, admitting to heavy drinking and pot smoking and a lifetime of cutting himself off emotionally from others.

The ‘meat fight’ among instant noodle manufacturers

Before 2016, manufacturers offering lower selling prices had an advantage in the instant noodle market. But with the market now saturated, the presence of ‘real pieces of meat’ in noodle packages will determine the outcome of the competition.

Ancient villages in central Vietnam

 While Duong Lam and Uoc Le villages symbolize the northern plains’ ancient architecture, Phuoc Tich and Tuy Loan reflect cultural characteristics of the central region.