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Moody's: Capital shortfall remains key credit burden for VN banks

 Moody’s Investors Service has said that Vietnamese banks will face capital shortfalls over the next 12-18 months and that such a situation continues to represent a key credit burden for the industry.

Carlsberg & Habeco negotiations may be nearing conclusion

Carlsberg CEO Cees’t Hart said on May 4 that negotiations with the Ministry of Industry and Trade over an additional stake in Habeco has been “hot, complicated, and cumbersome.”

VN's games revenue expected at $1 billion by 2027

 Vietnam’s games industry is expected to see revenue of $1 billion by 2027, Mr. Le Hong Minh, CEO of VNG, told the Vietnam Games Summit on May 5, citing the burgeoning interest in games among young 

What does ‘airport overloading’ mean for the economy?

VietNamNet Bridge - Everyone complains that airports are getting overloaded, but economists and businesspeople say this is a good sign that the national economy is robust.

SBIC investment certificate for South Cam Ranh IZ to be revoked?

 After leaving its project in South Cam Ranh Industrial Zone in the central province of Khanh Hoa abandoned for eight years, Shipbuilding Industry Corporation (SBIC) may soon lose its licence to develop the project.

Newest adjustment on Tan Son Nhat Airport expansion project sends investors into frenzy

 The detailed adjusted master planning of the project to upgrade and expand Tan Son Nhat International Airport is attracting attention from various large investors.

Policies take effect in Vietnam this May

 From May 5, acts of delivering advertisement brochures, if causing negative impacts on social and traffic order and safety, shall be fined from VND 200,000 to VND 500,000.

VN lays emphasis on quality and disbursement speed of FDI

 Vietnam is attracting a large amount of FDI, but the Ministry of Planning and Investment (MPI) called attention to the quality of the capital and the speed at which it is disbursed, instead of the registered amount.

Vietnam, Cambodia work to enhance media coverage

 Cambodian Minister of Information Khieu Kanharith received Nguyen Van Hieu, Deputy Director General of the Vietnam Authority of Press, on May 8.

Vietsovpetro inaugurates Tho Trang 03 oil rig

 Vietsovpetro, a joint Vietnamese-Russian oil and gas enterprise on May 7 began operating the Tho Trang 03 oil rig (White Rabbit) at well 37P offshore of the southern province of Ba Ria-Vung Tau, 13 days ahead of schedule.

Vietnam highlighted in photo exhibition in Italy

 Italian photographer Daniele Rossi, 41, is displaying his work at an on-going exhibition themed “Vietnam today” in Rome, Italy. 

Chinese nationals arrested for alleged theft

 They are 40-year-old Zhu Hai Rong, 41-year-old Qiu Shui Bing and 37-year-old Zhong Jian Hua from China’s Jiangxi province.

Private hospital performs liver transplant from living donor

 VietNamNet Bridge – The Vinmec Times City International Hospital announced it has successfully performed a liver transplantation surgery from a living donor.

German companies plan European online personal data firm

German finance, auto and publishing firms are in talks to form a European company to store personal data securely so customers can make purchases online from different outlets without punching in their details each time.

Trucks, coaches banned from 10 streets during SOM2

Certain vehicles will be banned from entering 10 different streets in Ha Noi during three rush-hour slots during the second APEC Senior Official Meeting (SOM2) from May 8-25, 

‘Road of Death’ a testament to rash driving

The shocking traffic accident that claimed 13 lives last weekend in the Central Highlands, and several such mishaps of late, underscore a failure to check rash driving at many levels. 

Fish die en masse in Ba Ria-Vung Tau

 VietNamNet Bridge – Dozens of tonnes of cobia in various rivers of Tan Thanh District and Vung Tau City, Ba Ria-Vung Tau Province, have been dying en masse for the past 10 days. 

Vietnamese marksmen win gold in regional champs

Phan Cong Minh of Viet Nam won a gold medal in the men’s 25m standard pistol individual event at the Southeast Asian Shooting Championships at Subang Shooting Range, Malaysia, yesterday.

HCM City’s 2nd control centre for surveillance cameras opens

 Police in HCM City’s District 12 last week inaugurated a control centre for surveillance cameras they have installed to tackle street crimes and traffic violations and regulate public order and security.

Viettel targets more foreign markets

 The military-run mobile carrier Viettel is planning to expand its investments to Indonesia and Nigeria, two countries with large populations, group leaders told the annual general meeting of Viettel Global, a subsidiary of the Viettel Group.