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First FinTech Lab in Vietnam underway

 VIISA and the Vietnam Fintech Club announced the first FinTech Lab in Vietnam at its opening event in Hanoi on January 24.

Prime Minister approves plan to implement CPTPP

 Prime Minister Nguyen Xuan Phuc has approved a plan to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam, RoK enhance cooperation in cross-border crime prevention

Vietnam’s Ministry of Public Security and the Republic of Korea’s (RoK) Supreme Prosecutors’ Office have signed a memorandum of understanding (MoU) on cooperation in the prevention and combat of cross-border crimes.

Embassy representatives visit Vietnamese prisoners in Malaysia

 Representatives from the Vietnamese Embassy in Malaysia visited several Vietnamese women imprisoned in Selangor state on January 29.

Chinese cross-border policy hurting Vietnam’s exports

Vietnamese exporters have been warned of difficulties in 2019 because of changes in China’s cross-border trade policies.

Hotel room rates expected to rise slightly in 2019

VietNamNet Bridge - The number of domestic and inbound travelers is expected to increase significantly this year, leading to an increase in hotel demand. 

Vietnam head coach Park receives gift from PM ahead of return to RoK

 Vietnam head coach Park Hang-seo has received a meaningful gift from Prime Minister Nguyen Xuan Phuc shortly prior to returning to his Republic of Korea homeland to join his family for the Lunar New Year festival.

Spring festive atmosphere spreads through capital city

 These days, as the Tet (Lunar New Year) festival is approaching, every corner of Hanoi is vibrant with colourful flowers of different types.

Commercial banks anticipate soaring profits ahead in 2019

 Commercial banks are projected to maintain their momentum of profit growth during 2019, primarily driven by digital banking applications.

Illegal timber imports from Cambodia threaten woodwork industry

VietNamNet Bridge - Vietnam’s woodwork industry benefits from ‘clean’ supply sources, not from illegally imported timber from Cambodia, experts have warned. 

Growth in hospitality real estate to continue

 Vietnam’s hospitality real estate market has proven to be an attractive segment for investors in the last few years due to its consistent growth.

Many foreigners stay long-term in Vietnam

 Vietnam is so appealing to many foreigners that they end up becoming long-term expats and consider it a second home.

Retail firms boost sales to compete

 The billion-dollar retail industry is attractive to many businesses but the industry also presents a fierce competition playground.

Apricot trees priced at VND400 million each on HCM City sidewalk

As the Lunar New Year festival (Tet) approaches, people in HCM City flock to purchase pots containing yellow apricots to decorate their homes ahead of the special occasion.

Coffee prices fluctuate, price drops to 10-year low

More than 500,000 farmers and workers in the coffee industry, which exports several billion of dollars worth of products each year, are concerned about contributions amid price fluctuations.

JLL: Real estate market in 2019 marked by 5 trends

Vietnam’s real estate market will be shaped by five main trends in 2019 according to a JLL report.

Vietnam lures US$1.9 billion in FDI in January

 Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.

Japan to remove 86 percent of tax lines for Vietnam after CPTPP

 Japan is set to lift 86 percent of the tariff lines for Vietnamese products in line with its commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Hotlines on traffic safety announced

 The National Committee for Traffic Safety (NCTS) has announced 20 hotlines to receive people’s reports and queries on traffic issues during the Lunar New Year (Tet) holiday and the season of spring festivals.

Chinese steelmaker HBIS expands capacity in Vietnam

 China’s second largest steelmaker, Hebei Iron and Steel Group, is reportedly to buy controlling stakes in NatSteel Holdings and Tata Steel from Indian Tata Steel for US$327 million, as it plans to expand capacity in Southeast Asia, including Vietnam.