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FOLs will help banks revamp

 A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.

BUSINESS IN BRIEF 18/1

 Interest rates could rise 0.5-1% in 2017: BVSC, Multi-level marketing companies face ministry's wrath, Vietnamese economy urged to be cautious of external shocks, PM approves agreements with foreign countries

Vietnam’s best female gymnast retires from competition

 Viet Nam’s best female gymnast Phan Thi Ha Thanh has decided to retire from competitive events.

Lao leaders hail contributions of Vietnamese voluntary soldiers

 Leaders of Lao Party, State, and National Assembly have spoken highly of contributions made by Vietnamese voluntary soldiers and experts to Laos’s national liberation cause.

Vietnamese invest heavily in Australian cattle industry

 Meat and Livestock Australia has unveiled that the first large-scale purchase of an Australian cattle ranch – for beef production – by a Vietnamese company has been made.

Tourist destinations to undergo annual reviews

 The Vietnam National Administration of Tourism (VNAT) will review tourist destinations in the country and announce results once a year, according to a Ministry of Culture, Sports and Tourism decision. 

Photographer Rehahn opens heritage gallery museum in Hoi An

 French photographer Rehahn last week opened a Precious Heritage Gallery Museum in the UNESCO-recognized ancient town of Hoi An in the central coast province of Quang Nam.

Measures suggested for easing overload at Tan Son Nhat

Dinh La Thang, secretary of HCMC’s Party Committee, has suggested opening check-in counters outside Tan Son Nhat International Airport as a measure to ease overload inside the airport and reduce congestion on the roads around the airport.

Vietnam Literature and Art Award winners honoured

 The National Committee of the Vietnam Union of Literature and Arts Associations held an awards ceremony in Hanoi on January 17 to honour 66 outstanding literature and art works in 2016.

Foreign affairs contribute to protecting national sovereignty over East Sea

Foreign affairs have made positive contributions to protecting Vietnam's sovereignty over sea and islands in the East Sea, delegates at a meeting held by the Ministry of Foreign Affairs in Hanoi heard on January 17.

British stand-up comedian performs in Hanoi, Saigon

 British stand-up comedian Gina Yashere will give performances in Hanoi and Ho Chi Minh City on January 18 and 20 respectively.

Reform, int’l integration agenda to be assured at WEF

 PM Nguyen Xuan Phuc is making the first trip to Switzerland for the annual meeting of the Word Economic Forum as the Government chief to assure Viet Nam’s commitment to comprehensive reform and international integration agenda.

VNU-UET and VNVP9 sign cooperative agreement

The University of Engineering and Technology at the Vietnam National University and the Vietnam VP9 Joint Stock Companysigned a cooperative agreement on January 17.

M&A in banking sector perking up for 2017

 The year has only begun, but signs are pointed to an exciting time ahead for the banking sector with vigorous mergers and acquisitions (M&As) activities.

Vietnam - Japan teenager ambassador exchange opens in Japan

An exchange of Vietnam-Japan teenager ambassadors took place in Japan on January 17, gathering 16 Vietnamese students from the Vietnam-Germany High School in Hanoi and 16 Japanese students from the Yokkaichi City high school in Mie prefecture.

External information services in 2016 see significant changes

 The implementation of external information services and the dissemination of news on sea, island and border demarcation in 2016 reaped important outcomes in promoting the image of Vietnam’s nation, culture, people and territory to the world.

Free wifi at festival spots in major cities

 HCM City, Ha Noi, Can Tho and Nha Trang will offer free wireless internet all 24 hours at flower streets and markets during Tet, according to the Saigon Posts And Telecommunications Service Joint-Stock Corporation.

The bustling atmosphere of Tet on calligraphy market

Interested people can now drop by a traditional calligraphy market just outside the Youth Cultural House in District 1, HCMC. This is part of an annual program for celebrating the Lunar New Year, which falls in late January.

Derivatives hold incentive and risk

With Vietnam set to open its first derivatives market, experts are warning of the preparations needed to minimise potential investor risks. 

Quang Binh denies building cable to famous cave

 VietNamNet Bridge – Quang Binh Province is not building a suspension cable to Son Doong Cave, the world’s largest cave located in the Phong Nha-Ke Bang National Park.