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FDI disbursements up 10% in five months

 Foreign direct investment (FDI) disbursements rose 10 per cent year-on-year to US$6.75 billion in the first five months of 2018, Foreign Investment Agency (FIA) statistics reveal.

Retail sales, services revenue up by 10.1%

 Viet Nam’s total revenue from retail sales and services in the first five months of this year maintained a high growth since the beginning of the year.

Tiki continues taking losses, e-commerce firms ‘burning’ money

VietNamNet Bridge - Despite big losses, e-commerce firms area still continue to pump money into e-commerce websites. It’s still unclear when the tough days will end.

HCM City sign Huynh Kesley Alves

 V.League 1 side HCM City have signed a six-month contract with AFC Cup 2009 top goal-scorer Huynh Kesley Alves to prepare for the event’s second leg.

Health ministry proposes adverse event reporting system

 The Ministry of Health has proposed a system to identify, report and categorise adverse events to prevent untoward incidents at medical facilities.

Ministries’ administrative reform efforts found wanting: Gov’ inspectors

 A Government-led inspection working group found ministries have made poor progress in cutting red tape, despite being pressed by Prime Minister Nguyen Xuan Phuc.

Government issues warning on router-hacking virus

The Ministry of Information and Telecommunications’ Authority of Information Security on Tuesday warned that routers and storages in Viet Nam have been exposed to the VPNFilter virus. 

Banks raise fees, e-wallet to be preferred

While numerous banks raise service fees on online and mobile banking as well as ATM withdrawals, more and more people choose e-wallet apps for comfort and freedom.

Winners of Microsoft Office contest honoured

 Three students winning the Microsoft Office Specialist World Championship (MOSWC) 2018 in Vietnam were honoured at a ceremony in Hanoi on May 30. 

Pre-feasibility study urged for North-South high-speed railway

 Deputy Prime Minister Trinh Dinh Dung has ordered the Ministry of Transport and Communication to conduct the pre-feasibility study report of the North-South high-speed railway project in order to submit to the National assembly.

Adjustments to Tan Son Nhat airport planning to be approved in June

 Adjustments to the planning of Tan Son Nhat International Airport in Ho Chi Minh City are expected to be completed for approval in June, the Transport Ministry said on May 29. 

Court upholds sentences for former Vietinbank officials

 The High-level People’s Court in Ho Chi Minh City has upheld charges and sentences for former officials of Vietinbank ruled at the first instance trial for their wrongdoings at the bank.

Vietnamese, Japanese FMs delighted at bilateral ties

 Deputy Prime Minister and Foreign Minister Pham Binh Minh and Japanese Foreign Minister Taro Kono expressed their delight at the rapid and practical development of Vietnam – Japan extensive strategic partnership over the past years.

Vietnam rolls out carpet for Japanese investment: President

 Foreign investments, including those made by Japanese firms, are an important driving force for Vietnam’s socio-economic development and improvement of the national competitive capacity, said President Tran Dai Quang.

Shares plummet on strong selling pressure

 Shares declined in the afternoon session as strong selling pressure forced the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) to fall below the 950-point mark to close at 948.5 points on May 30.

Legislators talk revisions to anti-corruption, sports laws

 Draft amendments to the Anti-Corruption Law and the Law on Physical Training and Sports are being discussed by the National Assembly (NA) on May 31, part of the ongoing fifth session of the 14th-tenure parliament.

French-era bomb found in Yen Bai

 Military sapper in the northern mountainous province of Yen Bai detonated a 150kg bomb, said to be left over by the French during the war in the first half of the 20th century, on May 30, ensuring safety for local residents.

Nearly all banks make a profit in first quarter

VietNamNet Bridge - Most banks reported satisfactory profits for the first quarter of 2018, but their asset exploitation and capital use efficiency varied.

Local F&B firms expand to counter foreign competition

 Local food and beverage (F&B) firms are expanding operations and upgrading the management technology and production lines in response to foreign competition.

Blockchain heats up Vietnam’s technology circle

VietNamNet Bridge - Vietnam has recently become a blockchain R&D center in the region. The technology has been the major topic of many workshops and conferences organized this year.