vietnam latest news

Update news vietnam latest news

Top 3 industries gain highest profitability rates in Vietnam in 2017

 Finance-banking, real estate-construction and consumer goods are three industries that gain the highest profitability in the securities market in 2017.

Impressive achievements in Vietnam’s exports in 2017

 Vietnam’s exports in 2017 were fruitful despite many difficulties caused by natural disasters and import markets. 

100-year-old sedge mat village on verge of extinction

Sedge mats made by Xuan Duc village in Nam Dinh have been in presence of Vietnamese people lives throughout the course of history. However, the craft of making sedge mats in the village is on verge of extinction.

Farmer’s hard graft with big citrus earns him millions

Skilled grafter Le Duc Giap from Thanh Oai district, Hanoi can earn hundreds of millions of Vietnam dong during the traditional Lunar New Year (Tet) by selling pomelo trees which he has engrafted with up to 10 different varieties of fruit.

Foreign banks try new local tactics

 The Year of the Rooster has been a rollercoaster ride for foreign banks in Vietnam: one received a licence to expand, two trimmed down their business scopes, while others decided to divest their stake in domestic banks.

The biggest M&A deals in Vietnam in 2017

The biggest M&A deals were in a variety of business fields, especially the real estate and banking sectors.

Zero import tax expected to raise Vietnam’s car ownership

 The import tax for cars imported from ASEAN has been slashed to 0% from January 1, 2018, which is expected to raise the country’s car ownership rate which remains low compared to regional averages.

Mountain blacksmiths keep the fire burning

 The end of the lunar year is a busy time for the blacksmiths of Phuc Sen village in the northern mountainous province of Cao Bang. 

Traditional medicine prices vary widely

The use of herbal medicine is on the rise among Vietnamese in recent years, but concerns about management and arbitrary pricing are growing, too. 

Banks’ profit skyrockets due to credit growth

 Due to the recovery of the credit market throughout the year 2017, plenty of banks announced positive business performance with increased profits whilst fostering asset trading, risk management, and control over non-performing loans.

The paradox of Vietnamese coffee industry

 Despite being the world leading exporter of Robusta coffee, Vietnam has to import instant coffee to meet special customers’ needs and a huge volume of green coffee beans every year from Laos and China for processing and exports.

Police crack drug trafficking cases

 The Drug Crime Investigation Department (PC47) under Ho Chi Minh City Police on January 5 uncovered two drug trafficking cases and arrested two people for illegal trading and stockpiling of ecstasy, ketamine and heroin.

VASEP forecast upbeat shrimp export growth for 2018

 The Vietnam Association of Seafood Exporters and Processors (VASEP) has projected shrimp exports to continue gathering momentum this year, particularly in the EU and China.

Vietnam peacekeeping department debuts

 The Vietnam Peacekeeping Department, which was upgraded from the Vietnam Peacekeeping Centre of the Ministry of National Defence, made its debut at a ceremony held in Hanoi on January 5.

Garment 10 to list on UPCoM next week

 Ha Noi Stock Exchange has approved Garment 10 Corporation Joint Stock Company (GARCO 10) to list 18.9 million shares on Unlisted Public Company Market (UPCoM) on January 10.

Internet service in Vietnam to be disrupted this weekend

 The internet service connecting Viet Nam with other countries is expected to be affected this weekend due to a disruption in the submarine cable systems of Asia-Pacific Getaway (APG) and Asia-America Getaway (AAG).

Police fine more than 1,300 drivers on highway

 Traffic police of different provinces have fined over 1,300 drivers for violating regulations on Highway 1A, stretching from the northern province of Ha Nam to the central province of Nghe An. 

Border guard save British man stuck in canyon

 Soldiers from the border guard force in the northern city of Hai Phong rescued a British man stuck in a small mountain canyon in Cat Ba District’s Cat Dua Island on Thursday midnight.

Pedestrians unaware of new traffic violation penalties

 Many pedestrians in HCM City are unaware of the new penalties that took effect from January 1.

Le Quang Liem drops to 23rd in FIDE world ranking

 Vietnamese chess star Le Quang Liem has fallen to 23rd spot, with a new Elo rating of 2,737, in the latest International Chess Federation (FIDE) rankings for January 2018.