vietnam latest news

Update news vietnam latest news

Banks rush to buy financial companies, anticipating consumer credit boom

VietNamNet Bridge - Many M&A deals between banks and finance companies have been reported recently. 

Low-cost car manufacturers can’t find opportunities in Vietnam

VietNamNet Bridge - Though demand for low-cost cars in Vietnam is high, low-cost car manufacturers have failed to enter the market.

Vietnam’s security market grows more attractive to foreign investors

 Some 232 foreign investors were granted securities trading codes in May, of which 198 were individuals and 34 were organisations, according to the Vietnam Securities Depository.

MobiFone chairman moves to Ministry of Information and Communications

 The Ministry of Information and Communications decided to appoint Le Nam Tra, MobiFone’s chairman of the member council, to work at the ministry’s office starting Tuesday.

Vietnam’s textile-garment heavily relies on imported fabrics

 Vietnam’s textile-garment industry still relies heavily on imported materials, with domestic producers importing 86 percent of their fabrics, according to the Vietnam Textile and Apparel Association (VITAS).

Is the Euro 4 emissions plan feasible?

VietNamNet Bridge - Vietnam has six years to implement the plan to apply Euro 4 emission standards for vehicles, but the plan is encountering problems, according to analysts. 

Office workers, students are top customers at household, cosmetics stores

VietNamNet Bridge - Household-use and cosmetics stores like Miniso and Ilahui earn hundreds of millions of dong a day from selling products to office workers and university students.

Job opportunities in the digital era

While many experts warn that robots, Internet of Things (IoT) and artificial intellectual (AI) will deprive workers of their jobs, research say advanced technologies will create new job opportunities.

More non-state schools raising tuition after city allows increase at state schools

Many state-owned schools with financial autonomy and non-state schools in Hanoi are considering raising tuition after local authorities permitted state-owned schools to increase the fee by VND110,000 a month for the 2017-2018 academic year.

Winners of Taiwan Excellence awards showcase products at Vietnam ICT Comm 2017

Leading companies from Taiwan, including 33 winners of the Taiwan Excellence Award, are showcasing their latest technologies and innovations at an upcoming three-day exhibition Vietnam ICT COMM.

Mobile World, Viettel ink co-operation to develop 4G

 Giant mobile phone retailer Mobile World Joint-Stock Company on Wednesday announced its partnership with military telecommunication firm Viettel to explore more 4G subscriptions nationwide.

State-owned banks to be allowed to keep dividends

 State-owned commercial joint stock banks will be allowed to keep dividends which are supposed to be paid to the State budget so that they can increase their charter capital, State Bank of Viet Nam’s (SBV) Governor Le Minh Hung was quoted as saying.

VN 2017 growth below mark: WB

 World Bank (WB) released its Global Economic Prospects report Sunday, forecasting a global 2017 economic growth rate of 2.7 per cent and a Vietnamese growth rate of 6.3 per cent, a rate lower than the 6.7 per cent goal set by the government.

LienVietPostBank senior official returns after dismissal

 Nguyen Duc Huong has been voted to the chairman’s post of LienVietPostBank’s board of directors for the term between 2013 and 2018, after a month’s dismissal as its vice chairman.

Vietnam placed 6th in 2017 Global Retail Development Index

Vietnam has jumped five spots to the sixth place in the 2017 Global Retail Development Index (GRDI), released by the United States' management consulting firm A.T. Kearney on Monday. 

National Assembly tackles bad debts draft

 The draft resolution on irrecoverable debt relief by credit institutions was discussed during the National Assembly’s third session yesterday, and NA members remained in favour of the draft after adding several improvements.

Vietnam expects new FDI from the US following PM visit

VietNamNet Bridge - Economists agree that Vietnam needs to take action to grab opportunities from a new wave of investment from the US. 

18 hospitals qualified for organ transplantation in VN

 There are 18 hospitals qualified for organ transplantation in Vietnam at present, 25 years since the first successful kidney transplant in the country.

Intelligent policy leads to IIP growth

 Despite a decline in the mineral sector, production in Vietnam is gaining momentum, thanks to improved business sentiment in response to the government’s favourable policies.

7-Eleven to open in HCM City in June, first in Vietnam

 7‑Eleven, Inc, the globe’s largest convenience retailer with some 56,400 stores worldwide, has announced its first store in Vietnam will open this June in Ho Chi Minh City.