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VCA supervises slowing down of iPhones

 The Vietnam Competition Authority (VCA), under the Ministry of Industry and Trade, said it would supervise the slowing down of older iPhones taking into account the interest of Vietnamese customers.

Fight against corruption should be sped up: Party chief

 General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong has stated that the fight against corruption should be continuously sped up with higher determination, perseverance and efficiency this year. 

30-year imprisonment sentence proposed for Pham Cong Danh

 The People’s Procuracy of HCM City proposed a 30-year imprisonment sentence to ex-Chairman of the Vietnam Construction Bank Board of Directors Pham Cong Danh during a second-phase trial in Ho Chi Minh City on January 22. 

Nam Dinh kumquat market blooms as traditional Tet approaching

 As 2018 Lunar New Year is coming, kumquat gardens in the Red River Delta province off Nam Dinh are filled with distinctive aroma of kumquat and people are rushing to get the best looking kumquat trees.

Malaysia: Trial for Doan Thi Huong resumed

 The Shah Alam High Court of Selangor State of Malaysia on January 22 resumed the hearing for Doan Thi Huong, one of the two suspects in the murder of Democratic People’s Republic of Korea (DPRK) national Kim Chol in February 2017.

HCM City to host Vietnam Footwear Summit 2018

 Domestic and world’s leading experts in footwear will gather in Ho Chi Minh City next month for their summit.

World Boxing Council champion to fight in Thailand

 Tran Van Thao, the first Vietnamese to win a World Boxing Council (WBC) Asia title, will face Richard Rosales of the Philippines in the 52kg category on January 26 in Thailand.

Vietnam’s $2,400 income per capita disappoints economists

VietNamNet Bridge - After 30 years of doi moi (renovation), the Vietnamese income per capita has increased to nearly $2,400 but that doesn’t satisfy many economists.

Experts warn of ‘startup chaos’ in Vietnam

Nguyen Huu Thai Hoa, chair of the board of directors of IBosses Program in Vietnam, at the launch ceremony of the Vietnamese version of the book ‘IBosses – The Rise of Gen Y entrepreneurs’ commented that Vietnam is in ‘startup chaos’.

Students win prizes for innovative investment projects

A virtual laboratory to carry out chemical experiments and a project on parenting soft skills are two of the first prizes awarded at the ‘Investment Project’ competition organized for Hanoi students.

Hanoians say Red Maple trees not characteristic of Vietnam

VietNamNet Bridge - There are numerous plant varieties and technologies from which to choose, but it is difficult to develop greenery that bears the city’s typical characteristics.

Friendly rentals in Da Nang win hearts of residents

Lacking of rental houses and social security related problems weight heavily on the shoulders of local authorities. However, when the friendly rentals are founded, security and safety have been improved remarkably.

Onwards & upwards

 Trade turnover in 2017 reached a record level and continued growth into the future seems almost certain.

PVC trial: Strict penalties for Trinh Xuan Thanh and accomplices

 The jury on January 22 imposed strict penalties on Trinh Xuan Thanh, former Chairman of PetroVietnam (PVN) Construction Joint Stock Corporation (PVC), and his accomplices for their wrongdoings at the corporation.

Demand for beef up in Vietnam

 Vietnam paid 410 million USD for imported beef last year due to increasing demand, according to the Ministry of Agriculture and Rural Development.

Vietnam, Mongolia look towards deeper relations

 National Assembly Chairwoman Nguyen Thi Kim Ngan and her Mongolian counterpart Miyegombo Enkhbold have agreed to promote bilateral exchanges and cooperation in politics and security-defence, towards further deepening bilateral ties. 

Association proposes stopping temporary import of sugar

The Vietnam Sugar and Sugarcane Association has proposed to the PM not to allow an extension for temporary sugar imports for re-export as the sweet industry was struggling with high stockpiles and slumping prices due to illegally imported sugar.

Local banks under great pressure to hike capital

 At a recent meeting Vietinbank chairman Nguyen Van Thang said increasing the lender’s legal capital is one of the most urgent tasks.

Concerns raised over new margin lending policy

 The State Securities Commission (SSC) has issued a draft regulation requiring the initial margin ratio contracted by securities companies for margin lending to be at least 60 per cent, which is expected to take effect in early February.

GDP growth rate for 2017 questioned by experts

The 6.81 percent GDP growth rate in 2017 has been announced by GSO (General Statistics Office), the only agency in Vietnam in charge of providing official statistics. However, leading experts question the figure.