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Vietnam'a super committee set to be operational in September

 The combined state capital of 19 state-owned enterprises (SOEs) to be put under the committee`s management reached US$42.47 billion and state assets worth US$98.57 billion as of December 31, 2017.

39th session of UN Human Rights Council opens

 The 39th session of the United Nations Human Rights Council (UNHRC) opened in Geneva, Switzerland, on September 10, attended by representatives of 47 member countries.

Vietnam banks have large capital needs ahead of Basel II: Fitch

The total capital shortfall of Fitch-rated banks could increase to US$6.5 billion if they were to also raise their allowance coverage to 5.0% of gross loans and Vietnam Asset Management Company special bonds, from 2.3% at end-2017.

Typhoon Barijat heads to East Sea

 Typhoon Barijat, with wind speeds of up to 75km per hour, was heading for the East Sea on Tuesday morning.

Vietnam minister wants local social networks to compete with Facebook, Google

 The Ministry of Information and Communications (MIC) expects Vietnamese social networks to have the number of users equivalent or higher than that of Facebook in Vietnam (60 million) and take 60 - 70% of the market by 2022.

Foreign investors pursue more indirect investments in Vietnam

 Foreign investors are stepping up their indirect investments in Vietnam through capital contribution and stake acquisition of local firms instead of making direct investments as in recent years.

Hanoi to sumbit urban governance scheme to Politburo soon

 Hanoi is a special capital with an important role, thus, the city requires specific mechanisms and policies in its development.

Strong liquor sold online, sellers break laws and evade tax

The ban on sale of liquors with alcohol content of 15 percent or more via the internet was issued one year ago, but online advertisements and sales of strong alcohol continue.

Major banks join race to hike deposit rates

 A few large commercial banks have adjusted upward their annual deposit rates following a hike in rates among small banks for call deposits of less than six months since mid-August, according to news website Vietnamplus.

HCMC citizen feedback to be submitted via Facebook

 The HCMC Department of Information and Communications has just proposed to the HCMC People’s Committee receiving feedback from citizens via a social network besides the current system of the hotline 1022.

Foreign real estate brokers jump into Vietnamese real estate market

 The real estate market in Vietnam has been active with new arrivals from foreign brokers and consultants.

Firms in VN spend heavily on brand promotion

 In the race for bigger market share, most firms are resorting to use the media as a weapon for brand promotion and do not hesitate to spend large to pursue their goal.

Taxing e-business proves problematic

 Collecting taxes from Facebook and Google as well as individuals earning money from these platforms remains difficult for the Vietnamese government. Even the Law on Cybersecurity coming into effect in early 2019 may only partly handle the issue.

Vietnam to bear long-term impact from US-China trade war: report

Economists have expressed concern about the impact on Vietnam’s economy if the second US tariff package of $200 billion is ratified after September 6, saying that Vietnam’s GDP may decrease by 0.03 percent because of the trade war.

Vinalines fails to attract investors to IPO

 State-owned shipping giant Vinalines sold 5.44 million shares at its initial public offering (IPO) on September 5, only 1.1 per cent of the nearly 490 million shares offered for sale.

IT engineers in bad need

 Vietnamese IT engineers have enormous opportunities due to the growing thirst for skilled IT workforce both in Vietnam and overseas, particularly in Japan.

Retail losses raise taxing questions

Giant foreign and domestic retailers like Lotte Mart, Big C, Fivimart, and Citimart reporting consecutive losses has raised suspicions about widespread tax evasion – or is competition really that fierce in the retail market? 

Train tickets for Lunar New Year 2019 on sale as of October

 The Vietnam Railway Corporation has announced its transport plan during the 2019 Lunar New Year month from January 23 to February 22, 2019, which can accommodate up to 14,000 passengers per day.

Private label segment on the rise among local retailers

As the consumer demand increases, retailers are leveraging the private label market as a critical strategy to differentiate their brands in what is considered an inevitable sub-trend in the spread of modern retailing across the country.

Few bank stock options for foreigners

 Although Vietnamese bank stocks appear to have a bright future, foreign investors may find it difficult to join the parade due to a lack of progress on foreign ownership and corporate governance.