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Vietinbank and PG Bank deal collapses

 The Viet Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PG Bank) have called off a potential merger after nearly two years of negotiations.

Excess loans to be permitted beginning May 1

 Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.

Lack of upmarket office space makes HCM City red hot for developers

 The HCM City office market is rife with opportunities for property developers, especially the grade A and B segments which have been labouring under a shortage for the last couple of months, experts said.

Mekong Delta ready for fight against climate change

As hot weather peaks this month in southern Vietnam, authorities in the Cuu Long (Mekong Delta) region are stepping up efforts to cope with forest fires and salinisation as a response to climate change.

Casinos need at least $1b investment: draft law

 Strategic investors in tourism-casino complex will have to commit an investment of some US$1 billion for a casino project.

European Art of Living exhibition to open in May

 The 2nd EuroSphere - European Art of Living exhibition will open on May 18 at the White Palace Convention Center in HCM City’s Phu Nhuan District.

Arts festival brings performance to new spaces

The Krossing Over Arts Festival (KOAF) will feature a series of interdisciplinary and collaborative performances along with a plethora of artist talks, dance workshops, and international film screenings on April 16-22 in HCM City.

HCM City power utility seeks to improve electrical safety in homes

 Only 87 per cent of the 15,507 households that consume electricity supplied by the HCM City Power Corporation (EVNHCMC) safely use power, according to a recent survey by the company.

HCM City hospital aids foreigners in emergencies

Located downtown opposite Ben Thanh Market, Sài Gòn General Hospital’s 115 satellite emergency station provides treatment for local residents as well as foreign tourists.

Massive breeding of tra fish poses risks to farmers, environment

 VietNamNet Bridge – Diep Thi Nguon, a farmer in Long An Province, says she decided to breed tra fish in recent years because of the anticipated high profits.

Events in Hanoi & HCMC on April 9-15

 Events in Hanoi & HCMC on April 9-15

Pension, social allowance to be increased

 Pension and monthly allowance will be increased by 6.92 per cent from July, and more than three million people are eligible for the revised pension and allowance, according to a draft decree by the Ministry of Labour, Invalids and Social Affairs.

Hospitals in HCM City lack rabies vaccine

 Hospitals and medical centres in HCM City have announced that they do not have enough vaccines against rabies.

New convenient firefighting balls introduced

 After so many abrupt fires happening lately, the public are intensely interested in firefighting products. The newly released Elide Fire, a fire fighting ball, has caught much attention from concerned people.

HCM City should take precaution against zero-dollar tours

 The HCMC government should take preventive measures against zero-dollar tours given recent surges in Chinese tourists to the city.

Five things for newcomers to discover in HCMC

 Those wishing to experience culture and lifestyles as natives of HCMC should check out the following places.

Power is sufficient for upcoming dry season: EVN

 VietNamNet Bridge – While the backbone of Vietnam’s electricity remains hydropower, the State-owned Electricity Viet Nam (EVN) says power supply will be ensured for the coming dry season.

Ministries disagree on solutions to collect tax from Google, Facebook

The Ministry of Finance (MOF) wants the State Bank of Vietnam (SBV) to instruct commercial banks to withhold taxes from transactions with Facebook and Google, but SBV said it is not authorized to do so.

Hanoi to undertake an urgent mission in heritage preservation

Constructed 300 years ago, Co Che Village’s temple in Phuc Tien Commune, Phu Xuyen District boasts sculptures vividly reflecting the local folk life in the distinctive style of the Le Trung Hung Dynasty. 

National Drama Festival to be held in Ho Chi Minh City

 The 2018 National Drama Festival is scheduled to be held at the Army's Theatre in Tan Binh district, Ho Chi Minh City, from April 11-25.