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PVN kingpin faces strict punishment

In the wake of intensified efforts to further Vietnam’s crackdown on corruption, many former executives of the state-run Vietnam National Oil and Gas Group may face criminal charges for their violations.

Evacuated people from storm-effected localities return home

 Evacuated people in the Mekong Delta province of Soc Trang returned their home on December 26 as typhoon Tembin weakened into a low tropical pressure.

Government bodies discuss ASEAN cooperation

 A conference on Vietnam’s performance across three pillars of the ASEAN Community took place in Hanoi on December 26, gathering 100 representatives from ministries and sectors involved in cooperative activities with the bloc.

Proposal to grow Japanese garlic on Ly Son Island rejected

 Authorities in Quang Ngai have turned down a proposal by Japanese firms to grow Japanese elephant garlic on the local island of Ly Son.

VN Government to sell remaining stake in Sabeco

 Head of the Ministry of Finance's Corporate Finance Department Dang Quyet Tien has announced that the government will sell the remaining 36% stake in Sabeco.

Trial opens on airport bombing suspects

 The Ho Chi Minh City People’s Court on December 26 opened a first-instance trial on a terrorism plot targeting Tan Son Nhat International Airport involving 16 suspects.

Party chief asks for stronger army

 General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has requested the army to maintain its core role in the all-people defence and security.

Many elderly people, kids hospitalized due to cold weather

Chilly weather in northern Vietnam has driven many elderly people and kids into hospitals while temperature in the south also decreased because the cold weather in the north has affected the south.

F&B service providers battle for market share

VietNamNet Bridge - Hotels not only have to compete in the food & beverage sector, a major source of revenue, but also in the restaurant chain and food court market.

PM asks Sabeco to keep Saigon Beer brand name after equitization

 The Prime Minister has assigned the Ministry of Industry and Trade to keep Saigon Beer brand name unchanged, said a representative of the Business Finance Department under the Ministry of Finance yesterday.

ICT revenues exceed VND2,100 trillion

Vietnam’s total information and communications technology (ICT) revenues in the year to date have exceeded VND2,136 trillion (US$94 billion), up 9.34% compared to the same period last year.

Four Vietnamese referees recognised for FIFA’s Elite level

 The International Football Federation (FIFA) has recognised four Vietnamese referees as meeting its Elite 2018 level, after considering the proposals from the Vietnam Football Federation (VFF)’s Referee Committee.

VNPT to auction shares in five companies

 The Vietnam Posts and Telecommunications Group (VNPT) has announced the auction of shares in five of its companies, with earnings estimated at more than VND1 trillion ($44.05 million).

FDI disbursement hits new record

The Foreign Investment Agency has announced that disbursement of foreign direct investment had reached a new record for this year as at December 20, of $17.5 billion, up 10.8 per cent year-on-year.

2017 marks record number of newly established enterprises

 The number of newly-established enterprises in 2017 was estimated at 153,307, setting a new record against the 110,100 recorded in 2016, according to statistics published by the Ministry of Planning and Investment's Agency for Business Registration.

Real estate M&As 2018: golden time for foreign capital

VietNamNet Bridge - The M&A deals made in 2017 are expected to have the value of $2 billion, and the same value or higher has been predicted for 2018.

Vietnam Airlines to reduce State funding to 51%

 Vietnam Airlines plans to reduce State ownership to 51 per cent of the charter capital in the next three years.

Investors show interests in Vietnam

 More and more investors and large economic groups have shown interest in the Vietnamese market due to the success of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting in November. 

State-owned enterprises gear up for equitisation

 The Vietnamese market will see more state-owned enterprises (SOEs) equitised in 2018, following the State’s divestment from the Sai Gon  Beer Alcohol Berage Joint Stock Company (Sabeco) and Vietnam Dairy Products Joint Stock Company (Vinamilk).

North-South Expressway to have higher capacity

 Minister of Transport Nguyen Van The has signed a decision to announce a list of projects to build sections of the North-South Expressway in the east during 2017-2021.