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Vietnam warns of increased piracy in South-east Asian waters

The Vietnam Maritime Administration has ordered port authorities across the country to warn ship owners and maritime transport companies of the increasing pirate attacks in Southeast Asian waters.

Mekong Capital plans four deals by mid-2017

 Mekong Capital plans to invest in four new companies in the first half of 2017, with each investment valuing at US$8-15 million, the firm has announced.

Vietinbank lends over $430 million for Hoa Phat's steel project

 Vietinbank and steelmaker Hoa Phat Group (HPG) have inked a credit agreement to finance the Hoa Phat Dung Quat iron and steel production complex, the company has announced.

SCB, IFC to invest $1 billion in emerging markets

 Standard Chartered (SCB) and International Financial Corporation (IFC), a World Bank group member, have agreed to continue their trade finance partnership with an additional investment of US$1 billion.

Two more A/H7N9 cases reported near Vietnam-China border

Two more cases of A/H7N9 bird flu infection in humans were reported in China’s Zhuang Autonomous Region, near Vietnam’s northern mountainous provinces of Cao Bang and Ha Giang.

VNPT seeks opportunities in Nepal

 The Vietnam Posts and Telecommunications Group (VNPT) is the sole Vietnamese representative to attend Nepal Investment Summit 2017 in Kathmandu with the aim of seeking trade opportunities in the country.

VN banks foresee good profit in 2017

 Compared to 2016, banks are looking at brighter prospects in 2017 as many indexes look like they are on a trend of improvement.

Japanese woman kindles organic cultivation among Vietnamese farmers

 Ino Mayu launched the Japanese-funded Seed to Table organisation, which promoted eco-friendly agriculture across Vietnam since 2009.

Chinese citizens jailed for stealing money using fake ATM cards

 The People’s Court of Hanoi on March 6 sentenced two Chinese citizens, Tian Yun Yun and Ke Zheng, to seven years and 30 months in prison, respectively, for using fake ATM cards to steal money from other people’s bank accounts.

Vietnam's richest woman has assets of $500 million

Nguyen Thi Phuong Thao, CEO of Vietjet Air, has officially become the richest Vietnamese female, after Vietjet Air put its shares into transactions on the bourse.

Vietnamese can apply for passports online

 Vietnamese citizens can now apply for passports at the Department of Immigration's website, instead of having to go to the department's offices in person. The new service is available in Hanoi, Danang and HCMC at first.

VN Government pledges VND100 trillion credit for hi-tech agriculture

 The Government has plans to offer a credit package amounting to VND100 trillion for enterprises committed to hi-tech agriculture projects, heard at a conference on the agricultural sector last week.

Should preferences be offered to develop Vietnam's auto industry?

 March 3 conference in Hanoi hears the state of play in the country's automobile industry.

KIDO to sell 35% of frozen food subsidiary

 The KIDO Group Corporation (KDC) plans to sell 35 per cent of its holding in the KIDO Frozen Food JSC (KFF) in May or June.

Vietnam's exports slipping within AEC

 Vietnam is turning to its Asian neighbors after US President Donald Trump withdrew from the TPP, which stood to benefit the export-reliant country the most. 

Remnants of old subsidized economy must go

 SOEs are still unduly supported by the government and cannot mature.

HCM City seeks US$50 billion for infrastructure development

 By 2030, Ho Chi Minh City needs around US$ 50 billion for infrastructure development and welcomes the Asian Infrastructure Investment Bank (AIIB) to support investors to join the process.

Hanoi's West Lake covered with rubbish after floating restaurants dismantled

Many areas of the West Lake are being covered with rubbish left after floating restaurants were removed.

Peugeot plans to debut VN-made models

 French car maker Peugeot has been negotiating with a local automobile manufacturer to produce Peugeot models in Viet Nam later this year.

Vietjet Air’s market capitalisation surpasses Vietnam Airlines

Vietjet’s market capitalisation reached US$1.8 billion on Monday, surpassing Vietnam Airlines’ market cap and making it the 10th largest shareholder on the HCM Stock Exchange only one week after its debut on February 28.