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Commercial banks itching to raise deposit rates

 Some commercial banks have entered a new interest rate hike race for long-term deposits with adjustments from 0.1-0.2 percent per year.

SOEs equitisation remains slow

 As many as 96.5 percent of State-owned enterprises (SOEs) was equitised as of the end of March this year, but the privatized capital amount from these reached only 8 percent, according to a report of the General Secretary of the National Assembly. 

South Korea splashes out in Vietnam: KOTRA

 The Republic of Korea topped the investor line-up in Vietnam with over 50 billion USD as of the end of 2016, according to statistics from the Korea Trade-Investment Promotion Agency (KOTRA) released on June 12.

Vietnam hopes for sustainable economic ties with Australia

Deputy Prime Minister Truong Hoa Binh called for Australian and Vietnamese businesses to foster their trade and investment partnership, prioritizing cooperation, in human resources, infrastructure, wind power and renewable power from waste.

Coastal province to rescue stranded foreign vessel

The National Committee of Search and Rescue on Sunday urged authorities to rescue a foreign vessel stranded near Phu Quy Island off the south-central coastal province of Binh Thuan.

Fire blocks national railway traffic for 30 minutes

 A south-north train caught fire on Saturday while travelling across the central province of Thua Thien-Hue, blocking traffic on the national railway system for 30 minutes.

Vietnam’s goal of being producers for Boeing, Airbus dashed

VietNamNet Bridge - Both Airbus and Boeing have chosen China to build airplane assembling factories.

E5 bio-fuel to replace RON 92

 Vietnam will replace RON 92 petrol with E5 bio-fuel from the beginning of next year.

Building a brand for Vietnam bird nest

 The Vietnamese Swiftlet Farming Association under the Vietnam Farms and Agricultural Enterprises Association has made its debut in HCM City’s Can Gio District.

New decree a game changer for transfer pricing

 Vietnam’s long-standing efforts to tackle the practice of transfer pricing as a tax avoidance ploy have gained sharper legal teeth with a new decree.

VN banks struggle to keep interest rates steady

 From mid-March Sacombank has been offering certificates of deposit (CDs) denominated in dong to individuals and companies.

Vietnamese Embassy makes all-out efforts to protect Vietnamese in Qatar

 The Embassy of Vietnam in Qatar has tried its best to protect Vietnamese citizens and their legitimate properties and secure life there amid the escalating diplomatic tension between Qatar and the Gulf countries, said Ambassador Nguyen Hoang. 

World Windsurfing Championship held in Hoi An

 Nearly 100 competitors from 30 countries and territories will race in the World Windsurfing Championship at An Bang beach in Hoi An city, the central province of Quang Nam from June 12 to 15.

Sanna Khanh Hoa to compete in ASEAN futsal event

 Sanna Khanh Hoa of Vietnam are placed in Group B of the ASEAN Football Federation Invitational Futsal Club Championship this year.

First storm formed in the East Sea

 A tropical low pressure the East Sea on June 11 grew into a tropical storm – the first in the sea this year, according to the National Hydro-meteorological Forecasting Centre.

VN seeks to boost livestock product exports

 Although Vietnam’s livestock industry is thriving, its export potential has yet to be tapped. Most of the country’s livestock products only serve domestic markets.

Jetstar Pacific leads in flight cancellations, delays

 Low-cost carrier Jetstar Pacific has cancelled and delayed about 15.4 percent of 568 flights it operated in a week, according to the latest report released by the Civil Aviation Authority of Vietnam (CAA).

Vietnam elevates position in int’l peacekeeping mission

 Since its inception in May 2014, Vietnam has sent officers to the United Nations peacekeeping missions in South Sudan and the Central African Republic. 

Vietnamese branded smartphones survive in competitive market

While Vietnamese smartphone brands such as Hi-Mobile, BlueFone, F-Mobile, Avio and Zik 3G have left the market, others are thriving despite analysts' predictions.

Pharmaceutical giants jockey for market dominance

VietNamNet Bridge - The total spending on medicine in 2017-2021 will grow by 15-17 percent thanks to the population increase and improved income per capita.