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Vietnam holds nationwide cyber-attack drill

 One hundred teams from across Vietnam are taking part in a biggest ever cyber-attack drill, which runs in Hanoi, Da Nang and Ho Chi Minh City from December 18 to 21.

Hotlines to receive corruption-related information set up

 The Government Inspectorate’s bureau for corruption prevention and combat on December 18 issued a document announcing the establishment of hotlines and email receiving information on cases having signs of corruption.

Former Director General of PVEP arrested

The Investigation Police Agency under the Ministry of Public Security has issued decisions on prosecuting and detaining Do Van Khanh, former Director General of the PetroVietnam Exploration Production Corporation (PVEP). 

Hanoi to invest trillions of VND to upgrade medical establishments

 Hanoi will invest around $85.6 million in 2019 and 2020 to upgrade medical establishments in the city, thus improving medical care quality for residents.

Local brokerages face fierce foreign competition

 Local securities companies are facing stiff competition from their foreign rivals, especially in the race for capital.

ACB to issue $96.6m in unconvertible bonds

 The Asian Commercial Joint Stock Bank (ACB) on Monday announced a plan to issue VND2.2 trillion (US$96.6 million) worth of non-convertible bonds by the end of 2018.

Banks sprinting to implement capital increase plans

VietNamNet Bridge - Commercial banks only have one month to implement business plans set earlier this year and raise charter capital to meet international standards.

Nissan terminates joint venture with distributor Malaysia’s Tan Chong in Vietnam

 Tan Chong, which is the exclusive distributor of Nissan vehicles in Malaysia, did not give any reason for the notice of termination.

1.7 million sq.m of apartment in Hanoi remain downgraded

 Some apartment blocks which were built under the French colonialism are no longer safe for living and might collapse at any time.

Vietnam spends over US$1.6 billion importing cars

 Thailand and Indonesia continued to be Vietnam’s main car import markets to date, notably 52,170 cars were bought from Thailand worth US$1.04 billion.

Vietnam urged to take actions for seizing investment from China

 The Vietnamese business environment can be improved by increasing productivity as well as reducing costs and business risks.

Passing the baton to private sector

 Amid unpredictable global developments, Vietnam needs to focus more on the development of the private sector as a key propellant for the economy’s further growth.

Vietnam’s tourism strength: A realistic assessment

This month, Vietnam is expected to welcome the fifteen millionth foreign visitor of the year, an impressive figure for the tourism industry. 

Electric motorbike market heats up

VietNamNet Bridge - Electric motorbike are becoming more popular in Vietnam.

Vietnam is second most optimistic country in Q3: Nielsen

 With a nine-point increase over the second quarter of 2018, Vietnam’s consumer confidence level has reached the decade-high level, placing the country in the second position on the consumer confidence benchmark globally.

Valuable lessons for startups

 That the success rate of startups is very low worldwide is known to everyone. The following article gives with some lessons to be learnt in the Vietnamese context.

Credit growth in 2018 at four-year low

 Credit in 2018 is seen expanding less than 16%, the lowest in four years, VnEconomy news site reported, citing State Bank of Vietnam Governor Le Minh Hung.

Vietnam’s tra fish exports exceed $2b for the first time

 Vietnam’s tra fish export value has exceeded US$2 billion for the first time, with the figure hitting $2.05 billion in the first 11 months of this year, a year-on-year increase of 27.4 per cent, according to the General Department of Customs.

Manufacturer reaches out to foreign markets

 Lilama 69-1 JSC, a subsidiary of the Vietnam Machinery Installation Corporation – JSC, has completed a project to manufacture seven sets of fired heaters in a contract with Kirchner Italia S.p.A of Italy to export to Uzbekistan. 

First Fujimart to open in Vietnam this month

 Fujimart Vietnam Retail, a joint venture between Japanese trading house Sumitomo and local retail and real estate conglomerate BRG Group, will open its first Vietnamese supermarket in Hanoi this month.