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Ministries warn of Chinese tech use for refinery upgrade

 The Ministries of Science-Technology and Public Security have urged Saigon Petro Co Ltd to carefully consider the use of Chinese technology for a project to upgrade its Cat Lai refinery in HCMC.

Da Nang airport declared best in Vietnam for service quality

 The Da Nang international airport has secured first position in Vietnam in terms of providing the best service quality, according to a survey of 6,000 passengers in the April – September period.

Thick mist covers Hanoi leading to low visibility

Affected by cold weather and drizzle, Hanoi was covered by thick blanket of mist in the morning of December 8.

Three scenarios for Vietnam stock market in late 2017

The VN Index increased by 12.86 points on November 20, by 14.75 points on November 21, and 14.36 points on November 22. By November 24, the index had risen by 98.29 points, or 11.7 percent.

Foreign investors show keen interest in small hydropower plants

 Foreign investors from Russia, Kazakhstan, Germany and Norway want to develop mini hydropower plants in Vietnam into a renewable energy source.

Ministry proposes ban on imported animal organs

 The Ministry of Agriculture and Rural Development is proposing to ban importing old animals and animal organs to tighten management and improve the quality of Vietnam’s meat industry.

600-kilo missile from American War found in Hanoi river

 Hanoi authorities have removed an air-to-surface missile with intact fuse left over from the American War from a river in the local outlying district of Thach That.

HCM City to spend $16.7m on early retirement for officials

 HCM City People's Committee will spend VND380bn (USD16.7m) as bonuses to encourage 1,062 officials to retire early in order to cut staff numbers in the run-up to 2021.

LED market sees dazzling future

 The LED light market is expected to grow by 25 per cent a year for the next three years to US$854 million, according to the Viet Nam Lighting Association.

More silver for Vietnamese lifter at World Para Championship

 Vietnamese lifter Nguyen Binh An on December 7 won a silver medal in the men’s 54kg category at the ongoing World Para Weightlifting Championships 2017 in Mexico City.

Vietnam treasures comprehensive strategic partnership with Russia

 Vietnam attaches importance to the comprehensive strategic partnership with Russia and the relations with the Communist Party of the Russian Federation (CPRF).

Hanoi starts building smart city

 A smart city project worth more than 4 billion USD invested by the Sumitomo – BRG joint venture is expected to commence in Hanoi in the first quarter of 2018.

Vietnamese go crazy over bitcoin

The skyrocketing price of bitcoin is creating frenzied trading. The price in Vietnam is rising in line with the world price, with the gap between buy and sell prices up to tens of millions of dong per bitcoin. 

VAT refund process needs simplifying: experts

 Experts have urged simplifying the procedures to receive refunds on value-added tax (VAT) for foreign tourists.

Hanoi firefighters develop motorbikes for alley fires

 Hanoi firefighters have modified motorbikes to carry their equipment into small alleyways to allow them to carry out their tasks.

Industry 4.0 to affect retail banking

The trend towards non-cash payments and digitalization in retail banking and the maturation of FinTech companies in Vietnam present major opportunities as well as challenges for retail banks during the fourth industrial revolution.

Abandoned Cambodian passenger jet at Noi Bai Airport to be used for training

 The Vietnam Aviation Academy has proposed to the Ministry of Transport to use a Cambodian passenger jet abandoned at Noi Bai International Airport for a decade for its training activities.

Nearly 600 cyber attacks in November

 As many as 597 cyber attacks were launched on Vietnam’s websites in November 2017, according to the Vietnam Computer Emergency Response Team (VNCERT).

Shares mixed on changing money inflow

 Shares tumbled for a third straight day on the HCM Stock Exchange on Thursday but rose on Ha Noi’s bourse as money inflow channelled into small- and mid-cap stocks.

Policy changes pose obstacles for foreign investors

Although FDI has played an important role in boosting Vietnam’s economic growth, recent changes in policies and regulations have exposed many foreign investors to considerable risks and obstacles in executing their investments.