vietnam news

Update news vietnam news

Masan bids adieu to $217.39 million capitalisation

 Masan lost VND5 trillion ($217.39 million) capitalisation due to a draft introducing new standards for fish sauce, which many producers find impossible to surmount.

Valuable trees illegally cut down at Hoa Binh reserve

 Dozens of valuable trees have been illegally logged at a nature reserve in the northern province of Hoa Binh.

Nha Trang hotels violate construction, fire control regulations

 Authorities of the southern-central province of Khanh Hoa have announced a list of 21 hotels guilty of violations.

HCM City tightens control over illegal city centre parking

 Police in HCM City's District 1 worked overnight to deal with illegal parking on March 24-25.

Eximbank announces new Chairwoman of Board of Directors

Vietnam Export-Import Bank (Eximbank) announced on March 22 that it appointed Luong Thi Cam Tu, a board member of Eximbank, as the new Chairwoman of the Eximbank’s Board of Directors in the 2015-2020 tenure.

Father kills newborn son over family quarrel

 A father in the central province of Nghe An has been arrested after throwing his seven-day-old son into a well which led to the baby's death.

New policy to speed up bad debt settlement

 The central bank is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement.

VN companies urged to prepare for US-China trade war impacts

 With trade protectionism increasing, Vietnamese companies should prepare for trade-related lawsuits and disputes but also capitalise on possible opportunities from the ongoing US-China trade war, a top trade remedy official has said.

HCM City solicits foreign-invested firms’ support to develop economy

 HCM City has called on foreign-owned enterprises to further contribute to its development by sharing their experience, ideas and technologies as well as investing in large projects.

Central bank hands banks fait accompli: increase non-interest income

 VietNamNet Bridge – In 2019 the State Bank of Viet Nam has set a credit growth target for the banking sector of 14 per cent, lower than the rates of 18 per cent in 2017 and 17 per cent in 2018.

Vietnam in urgent need of legislation to prevent child sex abuse: experts

 VietNamNet Bridge – Vietnam still lacks mechanisms to prevent the abuse of children in various forms and support children victims, participants 

HCM City Light Festival kicks off on April 5 for nat’l holiday

HCM City streets will be lined with LED lights for the upcoming long holiday celebrating Hung Kings Memorial Day on the 10th of the third lunar month, the 44th Reunification Day on April 30, and Labour Day on May 1.  

Retailers stop iPhone 8 distribution because of low demand

Dang Thanh Phong from The Gioi Di Dong has confirmed with Nguoi Lao Dong that the leading mobile phone distribution chain in Vietnam has stopped selling the iPhone 8 because of the slow sales of the model. 

Addicts receive free job training at detox establishments

 VietNamNet Bridge – A 31-year-old man from HCM City burst into tears 11 months ago when his daughter visited him for the first time at Detoxification Establishment No 3 in Binh Duong Province.

Forest illegally cut down along National Road 29 ahead of construction

Dozens of hectares of forest were illegally cut down and private properties were constructed along National Road 29 in the area between Ea Súp and Buon Don districts as authorities admitted they were struggling to stop the encroachment.

Overloaded trucks destroying Vietnam’s roads

 VietNamNet Bridge – Nguyen Van Huyen, Director General of the Directorate for Roads of Viet Nam (DRVN), speaks to Viet Nam News Agency on measures to solve the problem of overloaded trucks.

HCM City targets safer roads

 VietNamNet Bridge – HCM City has set a target of reducing the number of traffic accidents and casualties by 5-10 per cent each year in 2019 and 2020. 

Ministries work to share driving licence database

The Transport Police Department under the Ministry of Public Security and the Directorate for Roads of Viet Nam under the Ministry of Transport have agreed to share a driving licence management database.

Mozart’s The Magic Flute returns to Opera House

 VietNamNet Bridge – Mozart’s opera The Magic Flute returns to HCM City’s Opera House on March 31.

VN households receive financial support to install solar rooftop systems

Tran Dinh Nhan, general director of Electricity of Vietnam (EVN), said that only 1,800 households have installed rooftop solar power systems in the last two years, with total capacity of 30 MW, a small figure compared with the potential.