vietnam news

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Vietnam's auto market bounces back

 The Vietnamese auto market has begun to show positive signs after a period of stagnancy. 

New regulation adjusts limit on foreign investment in education

VietNamNet Bridge - Some limitations on foreign investment in education have been removed with the release of a new decree.

Local investors eyeing the globe

 Vietnamese enterprises increasingly seeking opportunities to invest overseas.

HCMC’s renovation of old condo buildings makes slow progress

 Faced with the slow progress of attempts to rebuild and renovate old condo buildings, the HCMC government has urged the relevant local departments and districts to expedite work at 15 condo buildings that are severely deteriorating.

ODA loans from China merit second thoughts: ministry

 Vietnam should reconsider official development assistant (ODA) loans from China in the days ahead as this source of funding comes with several conditions and a higher interest rate than loans from other countries.

Easy listening characterizes upcoming Saigon concert

 A famous guitar concerto, a strikingly original French mass, and a ground-breaking piece of French orchestral music feature in HBSO’s concert in the Saigon Opera House on August 29.

SBV to divert more credits to eco-friendly projects

 The State Bank of Vietnam (SBV) has issued Decision No.1604/QD-NHNN, approving a scheme on developing green banks in the country by using credit to back eco-friendly projects.

Minimum wages and workers’ life

 Tens of millions of salaried workers and employers in factories and industrial zones across the country are awaiting the wage recommendation from the National Wage Council

Broker expects VN-Index to hit record of 1,300 points at year-end

 The VN-Index of the Hochiminh Stock Exchange is expected to beat a new record of 1,300 points at the end of this year as Vietnamese shares are attractive to investors due to affordable prices.

New transport regulation might cost trillions of VND

 Many transport enterprises may have to spend trillions of VND to replace their current black box recording devices with new ones if draft regulations on transport trading are approved.

Australia urges finalisation of COC in line with UNCLOS

 The Australian Government has called on the Association of Southeast Asian Nations (ASEAN) and China to negotiate a Code of Conduct (COC) in the East Sea without prejudice to the rights and interests of third-party states in the strategic waters.

Doubts remain over EVN’s sub-unit IPOs

 The failure of the Power Generation Corporation 3 (Genco 3) to sell its stake through initial public offering (IPO) has raised concerns about the upcoming IPOs of the two other similar companies – Genco 1 and Genco 2 – at the end of this year.

PM pledges support for overseas Vietnamese scientists

 Prime Minister Nguyen Xuan Phuc has promised to create favourable conditions for overseas Vietnamese scientists to participate in scientific and technological projects at home.

Vietnam to get customs bond system

 The Ministry of Finance will collaborate with relevant ministries and agencies to review legal regulations to establish a customs bond system to facilitate customs clearance in Vietnam in the 2018-2019 period.

Typhoon-triggered floods leave 10 dead, 2 missing

 The death toll caused by floods following typhoon Bebinca, the fourth storm that hit Vietnam this year, had increased to 10 as of August 18, according to the Office of the Central Steering Committee for Natural Disaster Prevention and Control.

Vietnamese students shine at int’l robotics competition

  A group of four Vietnamese students brought home a bronze medal for their impressive robotic design at the “2018 FIRST Global Challenge” international robotics competition in Mexico from August 15-18.

Masan buys tungsten facility for $29 million

 Nui Phao Mining Company Ltd has acquired Germany-based H.C.Starck GmBH’s 49 percent stake in Nui Phao – H.C.Starck Tungsten Chemicals Manufacturing LLC (NHTCM) for 29.1 million USD.

Vietnamese cueist wins title at Becamex IJC Cup 2018

 The International Three-Cushion Carom Billiards Tournament BTV-Becamex IJC Cup 2018 wrapped up in the southern province of Binh Duong on August 18, with Tran Quyet Chien of Ho Chi Minh City becoming the champion. 

Blockchain ecosystem support centre launched in HCM City

 All In Station, the first blockchain ecosystem support centre in Vietnam, was officially put into operation on August 18 in Ho Chi Minh City. 

Vietnam wins second medal at ASIAD 2018

 Vietnam won the second medal at the 2018 Asian Games (ASIAD) on August 19 in Jakarta, Indonesia, after its shooters took another bronze medal in the 10-m Air Pistol Mixed Event.