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VN central bank tries to extend divestment deadline for small banks

 Small lenders find it difficult to reduce cross-ownership in other banks.

Death toll of northern floods, landslides rises to seven

 As of 6 am on June 25 the death toll in flood and landslides rose to seven in the northern mountainous province of Ha Giang and Lai Chau, according to the Central Steering Committee for Natural Disaster Prevention and Control.

Da Nang city hosts APPU Executive Council Meeting

 A Vietnamese delegation led by Deputy Minister of Information and Communications Nguyen Minh Hong attended the Asian-Pacific Postal Union Executive Council Meeting 2018 (APPU-EC) which opened in the central city of Da Nang on June 25.

NA issues law-building programme for 2019, adjustments for 2018 plan

 The 14th National Assembly (NA) has issued a resolution on the programme of building laws and ordinances in 2019 and adjustments to 2018’s programme, which was passed during the recent fifth NA session.

Hundreds of people practice yoga in HCM City

 Hundreds of people from HCMC gathered on the morning of June 23 at Ho Xuan Huong Sports Club in HCMC’s District 3 to present a yoga performance, hosted by an Indian yoga master on the occasion of the Fourth International Yoga Day.

ACV to develop three new airport terminals worth VND5 trillion

 Airports Corporation of Vietnam (ACV) plans to build three passenger terminals at Cat Bi, Vinh and Phu Bai airports, requiring a combined investment of VND5 trillion (US$219 million), officials said.

Foreign investors’ petitions on the rise

Claims, petitions and disputes between foreign investors and agencies are escalating in volume and complexity, said Deputy Minister of Planning and Investment Vu Dai Thang.

No new markets planned for downtown HCM City

 There will be no new markets built in downtown HCMC, while current markets will be upgraded and repaired, according to a master plan for commercial development for 2025 to 2030.

Hanoi attracts investment for environment and consumption of agricultural products

Only a few days ago, Hanoi granted investment decisions to 71 projects valued at more than VND400 trillion, which were awarded investment under the framework of the conference “Hanoi 2018 - Investment and Development Cooperation” in Hanoi

VN forestry exports reach US$4.15 billion

 The export of forestry products in the first six months of the year reached US$ 4.15 billion, accounting for 46 percent of the yearly plan and up nearly 8.4 percent annually.

Vietnam’s nascent industrial property market attractive to investors

The industrial property market in Vietnam is in the nascent stage of development, making the country an attractive destination for investors, reported Jones Lang LaSalle (JLL).

SCIC faces problems with SOEs that divest holdings

VietNamNet Bridge - Among the enterprises put under management by the State Capital Investment Corporation (SCIC), there are many firms where the state’s ownership ratio is less than 5 percent.

U.S. increases cashew imports from Vietnam due to low prices

Since early this year, the U.S. has boosted cashew imports from Vietnam due to their lower prices. In the first four months of the year, cashew shipments to the U.S. surged 30.3%.

Over $216 million FDI capital flows into VN property sector in five months

 In its report on reality and measures to develop the sector to People’s Committee in Ho Chi Minh City, the HCMC Real Estate Association said that FDI enterprises tend to spend more on buying houses in HCMC.

VN fiscal deficits and public debt under strict control

Vietnam has been doing a highly efficient job in controlling public debt, which has received great applause from the World Bank, one of the country’s largest development partners.

National conference on anti-corruption opens

 The Central Steering Committee on Anti-Corruption held a national conference on corruption prevention in Hanoi on June 25, under the chair of General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, who is also head of the committee.

Unlocking Soc Trang’s renewable energy potential

Endowed with a coastline of 72 kilometres, Soc Trang is not only suitable for developing the mining industry, aquaculture, logistics, and tourism, but also has great potential for industrial-scale wind power generation.

Vietnam’s beer market holds huge potential, competition

 Vietnam is the holy grail for global beer companies, with the market continuing to grow while many others have flatlined, but the competition is fierce.

VN dairy farmers struggle against low prices

 Many farmers in Ho Chi Minh City are shutting down their farms as the milk prices drop and they lack funds to improve quality.

Seven killed, 12 missings in floods, landslides in northern VN

 At least seven people have been killed, five others injured and 12 remained missing in flash floods and landslides triggered by heavy rains on June 23 and 24, according to the Central Steering Committee for Natural Disaster Prevention and Control.