The move is necessary for Vietnam Electricity to cover an incurred cost of VND20.73 trillion (US$892.18 million) in the 2018 - 2019 period, stated the Ministry of Industry and Trade (MoIT) on its website.

Small banks and finance companies are now rushing to issue credit cards and compete with big banks as they believe the development potential of the credit card market remains great.

 The Vietnamese Ministry of Natural Resources and Environment will host the first Regional Congress on Geology, Mineral and Energy Resources of Southeast Asia (GEOSEA 15) on October 16-17.

 A series of policies on business registration, rice export business, management of foreign exchange for border trade activities between Viet Nam and China come into force in October. 

 Viettel FC has officially been promoted to Vietnam’s top-tier football league, V.League, after beating Binh Phuoc 2-0 at home in the penultimate round of the 2018 First Division tournament to confirm themselves as the champions with one game in hand.

 While Korea, Japan, and Singapore are the largest foreign investors in Vietnam, investment flows the US and Europe also promise to pick up.

 Fraud in cash-on-delivery payments has sparked a need for the use of e-payments in the domestic delivery market, which is seeing big competition between service providers.

 US officials have reiterated the US’s policy of respecting independence, sovereignty, territorial integrity, political system and development path of Vietnam during recent meetings with Vietnamese officials, said a Vietnamese diplomat. 

 Effective administrative reform policies and positive impacts of free trade agreements Vietnam has signed have contributed to the country’s employment situation.

 The Vietnamese delegation arrived in Jakarta, Indonesia on October 1 to compete in the third Asian Para Games scheduled for October 6-14. 

 Four Vietnamese citizens on board Papua New Guinea’s Air Niugini plane, that overshot the runway in Micronesia on September 28, have been confirmed as safe and sound.

 Sound strategies should be put in place in response to Vietnam’s ageing population, which has one of the fastest rates in the world, according to Deputy Minister of Labour, Invalids, and Social Affairs Le Tan Dung.

 Positive signs have been seen in the three areas of agriculture, industry, and service so far this year, while inflation was also controlled to under 4 percent as targeted.

 A warhead explosion on October 1 killed three people in Tran Van Thoi town, Tran Van Thoi district of the southern Ca Mau province, confirmed the district police.

 The establishment of the Committee for Management of State Capital (CMSC) aims to improve accountability for the use and management of State capital in business operations, thereby preventing loss and wastefulness. 

 Vietnam recorded a trade surplus of 5.39 billion USD in the first nine months of 2018, the General Statistics Office (GSO) said in a monthly report.

 Most leading state-owned groups and corporations in the sectors of petroleum, electricity, oil and gas, chemicals, rubber, coal and minerals, as well as post and telecommunications are going to be run by the Committee for State Capital Management.

 Numerous state-owned enterprises, including MobiFone, VNPT, and EVN Genco 1 and 2, are expected to conduct their initial public offering (IPO) in 2019.

VietNamNet Bridge - The heavier environmental tax on petrol is expected to seriously affect businesses and burden the poor.

 Former General Secretary of the Communist Party of Vietnam Central Committee Do Muoi passed away at 23:12 on October 1 at the Military Central Hospital 108 due to serious illness.