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Finance Ministry proposes major cuts to business requirements

 Minister Dinh Tien Dung has proposed abolishing and simplifying more than half of the 370 business requirements under his Ministry of Finance (MOF) as part of a government-wide effort to improve the business climate in Vietnam.  

International franchisors keen on Vietnam

South Korea’s largest convenient store chain, GS Retail, opened its first store, GS25 Vietnam, in HCMC in January this year, after shaking hands with SonKim to launch a joint venture franchise in the country. 

Hanoi football stadium to undergo US$310m upgrade

 Hanoi’s Hang Day Stadium in Hanoi will undergo a EUR250 million (USD310 million) upgrade this autumn.

Marine forces rescue sinking boat, all passengers safe

 Marine rescue forces in HCM City successfully rescued a sinking boat late on Sunday after it was stranded in the waters of Can Gio Beach for 12 hours.

Localities urged high vigilance in response to forest fires

 Localities nationwide have been urged by the Vietnam Administration of Forestry to prepare measures to prevent forest fires and mitigate damage caused by fires.

Japanese doctor appointed Honorary Consul of Vietnam in Aichi

 Japanese doctor Nagato Natsume has been appointed Honorary Consul of Vietnam in Aichi prefecture of the Northeast Asian nation.

Vietinbank and PG Bank deal collapses

 The Viet Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PG Bank) have called off a potential merger after nearly two years of negotiations.

Excess loans to be permitted beginning May 1

 Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.

Lack of upmarket office space makes HCM City red hot for developers

 The HCM City office market is rife with opportunities for property developers, especially the grade A and B segments which have been labouring under a shortage for the last couple of months, experts said.

Mekong Delta ready for fight against climate change

As hot weather peaks this month in southern Vietnam, authorities in the Cuu Long (Mekong Delta) region are stepping up efforts to cope with forest fires and salinisation as a response to climate change.

Casinos need at least $1b investment: draft law

 Strategic investors in tourism-casino complex will have to commit an investment of some US$1 billion for a casino project.

European Art of Living exhibition to open in May

 The 2nd EuroSphere - European Art of Living exhibition will open on May 18 at the White Palace Convention Center in HCM City’s Phu Nhuan District.

Arts festival brings performance to new spaces

The Krossing Over Arts Festival (KOAF) will feature a series of interdisciplinary and collaborative performances along with a plethora of artist talks, dance workshops, and international film screenings on April 16-22 in HCM City.

HCM City power utility seeks to improve electrical safety in homes

 Only 87 per cent of the 15,507 households that consume electricity supplied by the HCM City Power Corporation (EVNHCMC) safely use power, according to a recent survey by the company.

HCM City hospital aids foreigners in emergencies

Located downtown opposite Ben Thanh Market, Sài Gòn General Hospital’s 115 satellite emergency station provides treatment for local residents as well as foreign tourists.

Massive breeding of tra fish poses risks to farmers, environment

 VietNamNet Bridge – Diep Thi Nguon, a farmer in Long An Province, says she decided to breed tra fish in recent years because of the anticipated high profits.

Events in Hanoi & HCMC on April 9-15

 Events in Hanoi & HCMC on April 9-15

Pension, social allowance to be increased

 Pension and monthly allowance will be increased by 6.92 per cent from July, and more than three million people are eligible for the revised pension and allowance, according to a draft decree by the Ministry of Labour, Invalids and Social Affairs.

Hospitals in HCM City lack rabies vaccine

 Hospitals and medical centres in HCM City have announced that they do not have enough vaccines against rabies.

New convenient firefighting balls introduced

 After so many abrupt fires happening lately, the public are intensely interested in firefighting products. The newly released Elide Fire, a fire fighting ball, has caught much attention from concerned people.