vietnam latest news

Update news vietnam latest news

Banks increase foreclosures on mortgaged properties to collect debt

As investors have fallen into insolvency, many large properties have been distrained by commercial banks and put up for sale. HOREA estimates that about 500 projects have become ‘clinically dead’. 

Number of PhD students declining because of stricter requirements

Vietnam needs more university lecturers with doctorates, but the Ministry of Education and Training says that training will not come at any cost and that quality should be the most important factor.

Foreign capital via M&A mostly flows to HCM City

 Of the total value of share acquisitions and capital contributions by foreign investors in Vietnam at US$6.19 billion near the end of last year, HCMC accounted for nearly 60%.

Student invents egg-hatching device with IoT technology

The difference between the hatcher created by Vo Ngoc Tieng from Pham Van Dong University and products of the same kind in the market is that Tieng’s can be controlled with a cellphone. 

Vietnam sets credit growth target at 17% for 2018

 The State Bank of Vietnam (SBV) has targeted credit growth of about 17% for 2018, said deputy governor Nguyen Thi Hong at a press conference on January 7.

Rural VN thirsty for clean water

The ineffectiveness of public water supply facilities, climate change, damage from typhoons and floods, and the lack of professionalism of local authorities have all caused shortages of clean water.

Kids under five to receive free vaccine

 The Ministry of Health has announced to provide free vaccine in the Expanded Immunization Program for ten contagious diseases for children aged under five years.

Foreign takeovers stir brand loss concerns

 Debate about Vietnam losing grip of its signature brands has intensified, as overseas investors continue their takeovers of leading businesses in the country.

Vietnam declines US$1.2 billion high-interest foreign loans

 The Ministry of Finance last year turned down eight foreign loan programs and projects worth a staggering US$1.2 billion given their high interest rates, heard a conference in Hanoi City on January 3.

Bank stocks turn attractive to foreigners

 In late 2017, share sales by HDBank and VPBank strongly drew attention from international organizations with the bidding volume much higher than that offered.

Website developers make up nearly three-fourths of IT workforce

 Website developers account for the largest proportion of Vietnam’s total information technology (IT) workforce, at 74.8%, according to a report of Vietnam’s recruitment website for IT jobs TopDev.

Trinh Xuan Thanh, accomplices questioned in court

 Trinh Xuan Thanh was questioned at court on January 9, the second day of the trial on the case of “deliberately violating State regulations on economic management, causing severe consequences” at the Thai Binh 2 thermal power project. 

Vietnam could make surprise at AFC U23 Championship: Chinese media

 Vietnam could bring some surprises at the finals of the Asian Football Confederation (AFC) U23 Championship, which will open in China on January 9, said an article on the Chinese sports website catjc.com.

Vietnam keen to deepen comprehensive partnership with US: top legislator

 Vietnam wishes to further deepen its comprehensive partnership with the US in a pragmatic and effective manner in order to contribute to the maintenance of peace, stability, cooperation and prosperity in the region and beyond.

HCM City to pick partner for smart city center in June

 HCMC will select a partner in June to develop a smart city management center, HCMC vice chairman Tran Vinh Tuyen told a seminar on the implementation of the smart city plan on January 2.

Lazada becomes online reseller of Apple products

 Alibaba-owned online retailer Lazada Vietnam has become an authorized distributor of all genuine Apple products in Vietnam since January 5.

Smart parking debuts in Da Nang

 The central city has set aside two downtown streets – Tran Phu and Bach Dang – for a pilot smart-parking project.

No smaller banknotes to be issued for Tet

 The State Bank of Viet Nam will not issue new banknotes with denominations lower than VNĐ5,000 (22 US cents) for Tet (Lunar New Year) to cut costs.

Lawyers: Bitcoin not yet prohibited in Vietnam

 Bitcoin is not banned in Vietnam and should not be banned in the future, said lawyers at the 2018 Investment and Business Opportunities Conference in Thanh Hoa Province last Friday.

Deputy PM worries over possible lack of electricity in southern Vietnam

 Deputy Prime Minister Trinh Dinh Dung has voiced concern over the possible shortage of electricity in southern Vietnam given the rising demand, heard a conference of the Vietnam Electricity Group (EVN) on January 4.