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Mixed response to proposal to double overtime limit

 A labour ministry proposal to double the overtime limit for workers to 400 hours per year has evoked a mixed response from workers, and clear disagreement from some officials.

Studies: Southern VN faces submersion

 Ho Chi Minh City’s districts and Mekong Delta provinces are facing risks of soil submersion, studies have shown.

Asian women’s beach volleyball tourney kicks off in Tuan Chau

 The Asian Volleyball Confederation (AVC) Women’s Beach Volleyball Tour 2017 opened in the northern province of Quang Ninh’s Tuan Chau entertainment complex on May 4.

Man imprisoned for illegally transporting ivory

 The Hanoi People’s Court on May 4 sentenced Pham Van Luat, a resident in Hai Phong City, to 12 years in prison for illegally transporting ivory, a type of banned goods, under Clause 1, Article 155 of the Penal Code.

Japanese products appeal to Vietnamese people’s taste

 Japanese commodities and food have become increasingly popular among Vietnamese consumers, creating opportunities for firms from both countries.

Big investors pour money into agriculture, organic food

VietNamNet Bridge - The repeated alarms about unsafe food has brought great opportunity to several big investors, who have been pouring money into organic food projects. 

Central bank reaps dividends of $270mn from three banks

 The State Bank of Vietnam (SBV) has received significant dividend payments for 2016 from BIDV, Vietcombank, and VietinBank, totaling VND6.17 trillion ($271.375 million).

Moody's affirms ratings of eight banks, upgrades VP Bank's ratings

 In its latest assessment released on May 3, Moody’s Investor Service has affirmed the long-term and short-term deposit and, where applicable, issuer and senior debt ratings of eight Vietnamese banks as unchanged (B1 positive).

Shifting nature of bank bad debts

 Figures from ten Vietnamese banks reveal the cumulative bad debt ratio has increased from 1.87 per cent at the end of 2016 to 1.9 per cent as at March 31.

Genco 3 to build $422mn solar plants in Ninh Thuan

 A unit of monopoly electricity provider Electricity of Vietnam (EVN) has unveiled a plan to build two solar power plants in the south-central province of Ninh Thuan with a combined capacity of 350 MW.

Golf returns drive developer interest

 With booming golf resort development across the country, Vietnam has come a world-class destination for golf tourism. 

Waste-to-power is twice sustainable

 Foreign investors have made their ambitions clear for building green energy waste-to-power projects in Vietnam.

How the law treats residents and officials differently

 Despite breaking the law by allowing the destruction of 116 hectares of forest in Phu Yen Province, the local authorities have only described their violations as ‘careless’. 

Staff liable for compensation payouts in miscarriage of justice

 The Ministry of Finance has just proposed that the People's Supreme Court ask those involved in the miscarriage of justice that saw Huynh Van Nen convicted to pay out compensation for their wrongdoings.

General Department of Fisheries opposes Chinese fishing ban

 The General Department of Fisheries said it rejected a Chinese fishing ban in the East Sea and would continue supporting local fishermen.

VN Government to borrow US$15.05 billion in 2017

 The Government plans to borrow US$15.05 billion this year, according to a borrowing and debt payment scheme recently approved by Prime Minister Nguyen Xuan Phuc.

All casinos can pilot serving Vietnamese customers

 The draft circular to guide the implementation of certain clauses of Decree No.03/2017/ND-CP issued by the government on casino business has no clause restricting which casino in which region can pilot opening to Vietnamese customers.

PM orders stronger management over farm produce market

PM Nguyen Xuan Phuc has told the Ministry of Agriculture and Rural Development to draw lessons and seek ways to improve the poor management of the farm produce market.

Social networks most popular for mobile internet users

More Vietnamese mobile internet users access social networks daily than any other activity with their device, reported Appota in its report on the Vietnamese mobile market.

The ‘meat fight’ among instant noodle manufacturers

Before 2016, manufacturers offering lower selling prices had an advantage in the instant noodle market. But with the market now saturated, the presence of ‘real pieces of meat’ in noodle packages will determine the outcome of the competition.