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Merger of two biggest fertiliser firms considered

PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp and PetroVietnam Ca Mau Fertiliser Joint Stock Company.

Vietnam’s economy in 2018-2020 as seen by PM’s advisory team

The inflation rate in all three scenarios drawn up by the Prime Minister’s economic advisory team is below 4 percent.

Unlicensed hydropower projects damaging environment in Sa Pa

VietNamNet Bridge - Sa Pa in northwestern Vietnam has carried out dozens of hydropower projects which are now seriously devastating the environment.

Lucky 11-digit simcards as expensive as gold

The conversion of 11-digit mobile phone numbers to 10-digit numbers will begin in mid-September. However, the simcard market is already scorching hot with the prices of 11-digit simcards increasing by 5-10 times over the last several months.

School of law launches anti-corruption master training program

While the heads of the Hanoi National University (HNU) affirm the importance of the anti-corruption training program, state officials are still concerned about the curriculum and job prospects of graduates.

Indirect investment aims at Vietnamese real estate

 Singaporean indirect investments into promising Vietnamese sectors currently exclude the local finance and banking sectors while others including real estate are seeing prospects.

Storm Bebinca heading to northern-north central localities

Storm Bebinca is heading to coastline from northern Hai Phong city to north central Nghe An province at a speed of about 15km per hour, and is forecast to land over the next 24-48 hours.

Mumuso and likes getting away with gentle fines?

 With their huge revenue from selling goods of unclear origins, the VND100-140 million ($4,400-6,200) administrative fines may not be enough to discourage stores like Mumuso.

Three dead in Dien Bien murder-suicide

 Two middle-aged victims, a husband and wife, were found dead in their home of gun wounds to the head early this morning in the northern city of Dien Bien Phu. 

Vietnam M&A Forum 2018 explores new drive for M&A

 Titled “The Push of the Decade,” the first session of Vietnam M&A Forum 2018 explores the new driving force to boost the Vietnamese M&A market.

Businesses tackle exchange rate volatility with flexible solutions

 Businesses have been taking steps to mitigate the impacts of the current volatile exchange rate situation on their business operations.

New policy to lure investment into agricultural and rural development

 As agricultural investment has been boosted, the legal framework and policies are being formulated and will be issued soon to encourage further agricultural investment.

New action plan to ease Japan’s woes

 With concrete new action plans in place to overcome long-standing legal concerns, the Vietnam-Japan partnership will enter a new chapter of development in the next few months.

Vietnam sells more rice to China, raising concerns

VietNamNet Bridge - The news that Vietnamese exporters are enhancing rice sales to China has raised big concerns.

Putting ride-hailing and taxi firms under same hat could blunt growth

 The classification of ride-haling platforms and transport service companies into the same category might pose a threat to economic development in the Industry 4.0 era.

Growing purchasing power buoyed up retail stores

 Vietnam’s growing retail service revenue and a big number of newly-established enterprises in the sector mirror the uptrend in local purchasing power and retail stores.

Diplomatic missions help open up trade cooperation opportunities

An import task of Vietnamese representative agencies overseas is to boost economic and trade cooperation between Vietnam and other countries and popularize the country’s image, said Ambassador to China Dang Minh Khoi.

Mental illness appears contagious among corrupt officials

 Corrupt state officials are racing to prove that they have mental health issues to avoid severe sentences.   

Private banks raise interest rates to attract depositors

Private commercial banks have raised deposit rates by 0.1-0.3 percentage points in the past two months to attract depositors amid rising capital demands.

ACB gets nod to increase charter capital to over $548 million

The State Bank of Viet Nam has approved Asia Commercial Bank (ACB)’s proposal to increase its charter capital from VND11.25 trillion (US$479 million) to VND12.88 trillion ($548.34 million).