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Genco 3’s IPO ends with only 3 percent of shares sold

 Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.

Curbing 2018’s inflation needs prudent price control

 The success in keeping inflation under 4 percent and achieving positive economic growth in 2017 created momentum for adjusting the State’s policies such as interest rate reduction in 2018, helping ease difficulties for businesses.

4.1 magnitude earthquake hits Dien Bien province

 An earthquake measuring 4.1 on the Richter scale struck Dien Bien Dong district, the northern mountainous province of Dien Bien, late February 9.

Life sentence given to swindling ex-Vietinbank official

 The Ho Chi Minh City People’s Court on February 10 sentenced Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the Ho Chi Minh City branch of VietinBank, for “swindling to appropriate assets” to life imprisonment.

Bargain hunters rescue Vietnam’s stocks

 Vietnamese shares recouped part of the week’s losses on February 9 as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.

SSI issues $50 million bond to a foreign investor

 Saigon Securities Inc (SSI) issued convertible bonds worth a total 1.15 trillion VND (50.4 million USD), the company said on February 9.

Government News 11/10

Vietnamese embassies celebrate Lunar New Year, HCM City, Cambodian officials deliver New Year greetings to Long An, PM asks for breakthrough measures to boost Dak Nong’s growth, Vietnamese Ambassador to Nigeria presents credentials

High-speed boat service opens on HCM City-Can Gio-Vung Tau route

 High-speed boats on the Ho Chi Minh City-Can Gio-Vung Tau route were put into operation on February 10.

IT sector needs more tech exchanges

 Creating a market to connect demand and supply of technological products will help develop the technology industry, according to experts.

How are Vietnamese businesses performing in Laos, Cambodia, Myanmar?

VietNamNet Bridge - Vietnamese conglomerates have been expanding business by stepping up investments in neighboring markets. However, the path has not been a bed of roses.

HCM City industrial park hosts Tet flower fair

 VietNamNet Bridge – More than 200 booths are showcasing a wide variety of flowers and speciality foods at the Hiep Phuoc Industrial Park Spring Flower Fair in HCM City that opened on Wednesday.

Spring flower festival gets underway in Hanoi

A variety of colourful flowers are on display at the 2018 Spring flower festival being held at the Trade Promotion Centre for Agriculture on Hoang Quoc Viet Street.

Hanoi to end use of deadly stoves

Hanoi plans to stop the use of beehive-shaped coal bricks by 2020 as part of measures to improve air quality and living conditions, according to the municipal Department of Natural Resources and Environment.

Cao Phong district preserves Muong Thang culture

 Cao Phong district is the cradle of the Muong Thang, one of four Muong branches in Hoa Binh province. Hoa Binh authorities have worked with local people to preserve the traditional culture of the Muong Thang.

Ho Tay Water Park - best place to enjoy Tet in Hanoi

The West Lake Water Park, themed ‘Tet of the Oriental’ provides a cosy atmosphere to visitors who will have the feeling of being in another Asian country together with all family members during this Lunar New Year festival.

Signs of Tet in HCMC's District 5

Both sides of Hai Thuong Lan Ong in District 5, HCMC are brightened up by the red and yellow colors of parallel sentences, hand scrolls, lucky money envelopes, lanterns, man-made apricot and cherry blossom trees.

Joint solutions needed to sustainably develop world heritages in Vietnam

According to UNESCO and many of the world’s countries, the tangible and intangible cultural heritages of all nations are seen as ‘special properties’ of human civilisation with are of great value and should be promoted over time.

Social News 10/2

Health Ministry warns people of Streptococcus suis infection, Blood bank stores 16,000 units, sufficient for Tet, KOICA helps Vietnam build social housing policy, Vietnam aims to prevent risk of falling back into poverty

HCM City focuses on innovation

 VietNamNet Bridge – Nguyen Viet Dung, director of HCM City Department of Science and Technology, talks to Viet Nam News about the development of science and technology and innovation in the city.

BUSINESS IN BRIEF 10/2

 Vietnam Rubber Group eyes higher profits, Vietnam, a prioritised destination of Dutch businesses, 640 firms get quality certificates, Home Credit reports $1.27b sales last year, Eximbank’s profit up 160% in 2017