Vietnam breaking news

Update news Vietnam breaking news

Ministries urged to allow use of State budget for banks’ capital hikes

The State Bank of Viet Nam (SBV) has continued to urge relevant ministries to revise legal frameworks in order to allow large State-owned commercial banks to use the State budget for their capital increases.

 

Ninh Thuan strives to develop wine grape cultivation

Grapes have long been a specialty of Ninh Thuan province. Besides sweet grapes, wine grapes are also planted in the central locality. However, the supply is yet to meet even domestic demand.

 

Ha Tinh fishermen earn big from shellfish

In recent days, fishermen in Loc Ha and Cam Xuyen districts (Ha Tinh province) have made huge profits from scallop. This is considered a great resource that is rarely available to fishermen here.

 

ASEAN+3 finance ministers propose measures to deal with financial crisis

The ASEAN+3 finance ministers have agree to consider adding the Japanese yen and Chinese yuan to currency swap arrangements in addition to the US dollar while rejecting protectionism amid growing US-China trade tensions.

 

Review of policies for biofuel E5 RON 92 proposed over disappointing sales

Saigon Petro Company Limited recently proposed policies for the development of E5 RON 92 to be reviewed over the significant declines in sales of this biofuel.

 

Former President Le Duc Anh’s funeral begins two-day national mourning

A State funeral was held on May 3 for former President General Le Duc Anh, who was also former Politburo member and former advisor to the Central Committee of the Communist Party of Vietnam.

 

Financial requirements keep domestic firms out of expressway project

The Ministry of Transport’s strict financial requirements for the North-South expressway project may push local investors out of the project.

 

Fire burns down Hanoi West Lake floating restaurant

An abandoned floating restaurant on Hanoi’s West Lake burnt down on Thursday morning.

 

Vietnam Private Sector Economic Forum focuses on value chains

The Vietnam Private Sector Economic Forum 2019 opened in Hanoi on May 2, with a special conference focusing on the sustainable formation and development of agro-forestry-fishery value chains for international integration.

 

Vietnam Cafe Show 2019 opens in HCM City

The Vietnam Cafe Show 2019 opens in Ho Chi Minh City on May 2.

 

Vietnamese Students' Sport Festival opens in Moscow

The 2019 Vietnamese Students' Sport Festival kicked off in Moscow on May 1, drawing more than 1,000 athletes who are Vietnamese students learning in Russia.

 

Wholesale, retail, vehicle repair see highest number of new firms: GSO

Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14% year on year and accounting for 37.2% of the newly-established firms of the country.

 

Overseas Vietnamese to convene first economic forum in RoK

The first Overseas Vietnamese Economic Forum is scheduled to run on April 6 – 9 in Incheon, the Republic of Korea (RoK).

 

VinGroup to launch electric bus services in five cities

Conglomerate VinGroup has set up VinBus, its subsidiary specialising in transport services, announced the property developer on May 2.

 

Ly Hoang Nam suffers defeat in Savannah Challenger

Ly Hoang Nam, Vietnam’s highest ranked tennis player, suffered a shock defeat in the second round of the ongoing Savannah Challenger tennis tournament after failing to beat Paolo Lorenzi of Italy on May 2.

 

HCM City’s International University gains AUN-QA accreditation

The International University of the Vietnam National University - Ho Chi Minh City has been presented with an institutional ASEAN University Network-Quality Assurance (AUN-QA) quality certificate.

 

Vietnam People’s Navy sailing ship visits Indonesia

A sailing ship of the Vietnam People’s Navy docked at Tanjung Priok port in Jakarta on May 1, beginning a four-day visit to Indonesia that lasts until May 4.

 

BUSINESS NEWS 2/5

VN stocks may go sideways in post-holiday trading

Da Nang condotel market slows but remains robust

Due to the unclear regulations on condotels, the market in Da Nang slowed down in the first quarter, according to Colliers International Vietnam’s Quarterly Knowledge Report.

High supply gives Vietnam's poultry firms chance to reach export markets

Viet Nam’s poultry producers have a big opportunity to export their products thanks to high supply levels, according to the Ministry of Agriculture and Rural Development (MARD).