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Defence Minister pays official visits to Australia, New Zealand

 General Ngo Xuan Lich, Politburo member, Deputy Secretary of the Central Military Commission and Minister of National Defence, is paying official visits to Australia and New Zealand from November 2 to 9.

Vietnam to host F1 race in April 2020

 Foreign media has reported on Vietnam’s hosting of a Formula One race in April 2020, becoming the third Southeast Asian nation to welcome the top-flight racing. 

Despite a ban, US dollar transactions common in Vietnam

The ‘free’ foreign currency market has operated for many years. People go to gold shops to buy and sell dollars every day, even though the transactions are illegal.

Vietnam feels pressure as Chinese economic growth slows

VietNamNet Bridge - The Chinese yuan has depreciated sharply, while the Chinese Q3 GDP growth rate is the lowest in the last decade. 

In industry 4.0 era, new business models are a must

The newly appointed Minister of Information and Communication Nguyen Manh Hung says that accepting new business models and building up the IoT (internet of things) industry is the only choice for Vietnam in the new technology era.

Pollution fee a burden on the poor

The HCM City Transport Department has suggested that municipal authorities create a plan to control vehicle emissions and collect pollution fees.

Polytechnic students struggle to meet foreign language standards

VietNamNet Bridge - Economics, diplomacy and social science majors find it easier to learn foreign languages than students at polytechnic schools.


FLC plans to pour $1.5 billion in agribusiness

 Property developer FLC Group said it will inject 1.5 billion USD into agricultural development across 15,000 hectares of lands in Vietnam during 2018 – 2019. 

SBV Governor vows to speed up settlement of weak banks, bad debts

 Governor of the State Bank of Vietnam (SBV) Le Minh Hung was questioned on the pace of handling bad debt and banks with bad performances during the question-and-answer session on November 1 at the 14th National Assembly’s ongoing sixth session.

Minister talks climate change response in Mekong Delta

 Climate change response in the Mekong Delta, a region vulnerable to this global phenomenon, continued to be one of the issues that legislators grilled Minister of Natural Resources and Environment Tran Hong Ha about on November 1.

Land issues blamed for slow SOE equitization

 Obstacles to the valuation of the land use rights of State-owned enterprises (SOEs), especially those with multiple land lots in different parts of the country, have slowed the equitization of SOEs.

Vietcombank approved to set up representative office in US

 The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the first commercial bank of Vietnam to set up a representative office in the US.

Vietnam carries out ASEAN Declaration on civil service’s role

 Prime Minister Nguyen Xuan Phuc has just approved a project to implement the “ASEAN Declaration on the Role of the Civil Service as A Catalyst for Achieving the ASEAN Community Vision 2025”.

Moody's raises Vietnamese banks’ baseline credit assessments

 Moody's Investors Service has upgraded the baseline credit assessments (BCAs) of 12 Vietnamese banks in its latest report released on October 30.

Vietnam Index of Industrial Production rises 10.4 percent in 10 months

 Vietnam’s Index of Industrial Production (IIP) scored growth of 10.4 percent in the first ten months of 2018, compared to the growth of 9.6 percent in the same period last year.

VN's efforts against illegal fishing

 A delegation from the European Parliament (EP)’s Committee on Fisheries led by EP spokesman Mato Gabriel held a working session with authorities from the central province of Binh Dinh.

Vietnamese dragon fruit farmers worried as Chinese market shrinks

VietNamNet Bridge - China has been expanding the growing area of many kinds of farm produce and has gradually reduced imports from Vietnam.

Stock market cap posts significant growth

 The market capitalisation of stocks and fund certificates has seen significant growth this year, equivalent to more than 80 percent of GDP and exceeding the goal set for 2020, according to an official.

Vietnam c.bank pumps US$740 million to stabilize forex market last week

The State Bank of Vietnam’s sale of USD has impacted the VND’s liquidity in the market, which could become more severe as demand for liquidity is growing in the remaining months of 2018.

Yuan payment in Vietnam's border provinces is legitimate: C.bank governor

 Starting on October 12, Vietnam has accepted payment in the Vietnamese dong (VND), Chinese yuan (CNY), or fully convertible currencies for overland trade activities with China.