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Navibank officials get up to 13 years in jail for scam

Ten former Nam Viet Commercial Joint Stock Bank officials, who were indicted for “deliberately violating State regulations on economic management, causing serious consequences”, were sentenced to seven to 13 years in jail 

Cold wave from China to grip northern VN

 Cold air from China is approaching Viet Nam and is likely to have a direct impact on the northern and central provinces, the Central Hydro-Meteorological Forecast Centre has reported.

Trial on wrongdoings in PetroVietnam’s investment in OceanBank

 Trial on wrongdoings in PetroVietnam’s investment in OceanBank

More Vietnamese startups choose other countries to set up headquarters

Repeated warnings have been given in the last two years about the growing tendency of Vietnamese registering businesses in other countries such as Singapore and Thailand.

State funeral held for former PM Phan Van Khai

 The funeral for former Prime Minister Phan Van Khai who passed away in Ho Chi Minh City on March 17 started at 8am on March 20 at the city’s Thong Nhat Hall.

Sabeco rebuffs State Audit’s allegation

Sabeco refuted the state audit’s allegations about its violations in the management of its operations and investing activities before it sold a stake for the foreign partner.

Three telcos gained $62 million from Vietnam's largest gambling ring

 The Ministry of Public Security (MoPS) has just announced that three telecommunication companies (Viettel, Vinaphone, and MobileFone) earned VND1.4 trillion ($62 million) from the gambling ring led by former C50 director general Nguyen Thanh Hoa.

Bad debts and risk provisions remain on top of banks’ agenda

 Throughout the annual general shareholders’ meeting (AGM) season, bad debt resolution and hefty risk provisions were the most worrisome issues emerging in the banking sector in since the beginning of 2017.

Torrential foreign investment flows into Vietnam

 Over the past 15 months, foreign investment inflows to Vietnam were growing in scale and took on diverse forms to tackle an increasing number of sectors, adding to the market’s “charisma” in the eyes of potential foreign investors.

Eximbank threatened to be sued for lack of respect

 Chu Thi Binh, who lost VND245 billion ($10.8 million) at Eximbank, said that she will send a document to request an official apology from Eximbank, otherwise she will sue.

Government okays Vietcombank stake sale to foreign investors

After the government green-lighted Vietcombank to sell the state-owned stake to foreign investors, the bank is expected to sell a total of 10 per cent in a separate issuance and/or through public auction to a limited number of foreign investors.

Prime Minister agrees to MobiFone inspection conclusions

PM Nguyen Xuan Phuc has agreed with the conclusions of the Government Inspectorate on the case of MobiFone acquiring 95 per cent of AVG’s shares, according to Dantri.com.vn. 

Nha Trang struggles to manage rising number of Chinese travelers

The number of Chinese travelers to the coastal city of Nha Trang has soared in recent months.

Vietnamese stars dazzle at Vietnam-Italy Fashion Week

A number of models and designers wowed audiences at the second performance of Vietnam-Italy Fashion Week on March 18.

Ethnic costumes performed at Bauhinia Festival

A competition for the traditional costume performances of ethnic minority groups was held in Dien Bien Phu City on March 18 as part of the 2018 Bauhinia Festival.

Poor mountainous villages struggle to pay debts

Receiving billions of dong in compensation, several residents in Nuoc Trong water reservoir project area, Tay Tra District’s Tra Tho Commune, Quang Ngai Province, thought they’d be able to escape debts they had accrued through high interest loans.

Vietnam wins bronze at Karate 1-Premier League

 Vietnamese athlete Nguyen Thi Ngoan bagged the bronze medal in the women’s 61kg category at the Karate 1-Premier League 2018 in Rotterdam, the Netherlands.

ASEAN automobiles start flowing in Vietnam

 Automobiles imported from ASEAN countries expect to conquer Vietnam from early April.

Logistics decree underwhelms

 While signalling a breakthrough improvement in the local logistics service market, Vietnam’s new regulations have raised concerns over e-commerce among EU investors.

Hundreds of forest violation cases reported in Gia Lai

Authorities in the Central Highlands province of Gia Lai are struggling to find solutions to address deforestation and development violations, which are rampant in many localities across the province.