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Vietnam’s public debt stands at 61.3% in 2017: Finance Ministry

 Vietnam’s ratio of public debt to GDP stood at 61.3% at the end of 2017, lower than an earlier estimate of 62.6%, according to the Ministry of Finance.

Banking tycoons on trial in HCM City

The trial of 46 banking executives and staff accused of violating economic regulations that resulted in $400 million going missing opened in HCMC on January 8, but the former Chairman of the State-owned bank BIDV was absent without reason.

MobiFone to divest from two banks

The Hanoi Stock Exchange has announced it will conduct two auctions of shares in SeABank and TPBank held by MobiFone on February 7.

Special preferential import tax policies taking effect from 2018

The Vietnamese government has just issued ten decrees to implement Vietnam’s special preferential import tax commitments made in its free trade agreements with various partners.

PVC misused trillion-VND advance payment

Almost all of the $6.6 million and VND1.3 trillion ($59 million) that PetroVietnam paid to PVC as advance payment for the $1.7-billion Thai Binh 2 thermal power plant was used to pay for PVC’s loans in banks.

2017 apartment sales break record

 2017 witnessed an increasing number of apartments for sale both in general and in the secondary segment (particularly in Hanoi), as reported by commercial property and real estate services firm CBRE.

Legendary cyber security expert to visit Vietnam

  Legendary cyber security expert Mikko Hypponen will visit Vietnam for a discussion on information security at a seminar scheduled for November 18 in Hanoi, according to the Ministry of Information and Communications.

Unlicensed hydropower project causes road erosion

 Bac Me Hydropower Plant in Ha Giang Province has gone into operation without a licence and caused serious damage to the national highway as well as houses.

Lack of cruise ports hinders tourism in HCM City

 VietNamNet Bridge – The number of foreign tourists coming to HCM City on cruise ships remains relatively low because of a lack of ports for cruise ships, according to tourism experts.

250-kilo bomb unearthed in Ha Tinh Province

 Military officers in the central province of Ha Tinh have safely defused a 250-kilo bomb found by local people.

Fansipan covered in frost

Additional cold spell to the north may continue to freeze Mount Fansipan on January 9 and 10.

Vietnam Airlines concerned about US direct flights

 General Director of Vietnam Airlines Duong Tri Thanh said that it would take a long time to break even or make profit through direct flights to the US.

Consumer lending in VN surged 65% in 2017

 Consumer lending in 2017 surged sharply by 65 per cent compared to 50.2 per cent in 2016, according to estimates of the National Financial Supervisory Commission (NFSC).

Xiaomi announces first authorised Mi store in Vietnam

 Global technology company Xiaomi, in partnership with Digiworld on Saturday opened the first authorized Mi Store in Viet Nam.

Banks report high profit in 2017

 Many banks have reportedly gained high profit last year, helped by strong credit growth and initial gains in the settlement of bad debt.

Vietnam achieves record cashew exports

 Viet Nam achieved its highest ever cashew exports in a year in 2017 with shipments worth US$3.52 billion.

Calls for improved business climate

 The Ministry of Planning and Investment has proposed the government to hasten efforts aimed at improving the business environment in 2018.

DOC launches sunset review of anti-dumping measure on Vietnam wind towers

 The US Department of Commerce (DOC) has just published a paper announcing the initiation of a sunset review of the anti-dumping measures applicable to utility scale wind towers imported from Viet Nam.

Saigon Heat recruits two powerful players for ABL

 Saigon Heat has added two players, Maxie Esho and Michael Williams, to strengthen its line-up for the ongoing ASEAN Basketball League (ABL).

Police seize large haul of weapons from couple in HCMC

 Police here have busted a weapons-trading ring involving electric guns, scimitars and bayonets, which were being sold online in Viet Nam.