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Foreign currency reserves to reach $50 billion

 Vietnam’s foreign currency reserves may reach USD50bn this year because of state divestment in large corporations and remittances from overseas.

Nghiem’s lacquer auctioned for $83,000

The painting Nguyet Uoc (Promise under Moonlight). depicting the love between Thuy Kieu and Kim Trong in Kieu’s Tale by Nguyen Du, was auctioned at Chon’s Auction House in Hanoi on Sunday for US$83,000.

Clever life jacket wins HCM City contest

Seeing plastic bottles floating at sea, Nguyen Thi Quynh Tram and her two friends at Binh My Primary School in HCM City’s coastal district of Can Gio got the idea of using them to make a life jacket, 

Masters compete at world rapid, blitz chess competition

 VietNamNet Bridge – The strongest Vietnamese masters will take part in the 2017 King Salman World Rapid and Blitz Chess Championships that begins today in Riyadh, Saudi Arabia.

Vexed auto industry scrambles to comply with new decree

 Most of the domestic auto industry went into a tizzy when Decree 116 tightening controls over the import and assembly of cars was issued in October, and days away from its official implementation, the worries and divisions remain.

Equitisation funds to be used correctly

 Proceeds from the sale of State capital at Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) and other State-owned enterprises will be used for the right purposes as approved by the National Assembly.

Insurance market maintains growth above 21%

 The insurance market has maintained a high growth rate of 21.2 per cent in 2017, gaining revenue of VND105.61 trillion (US$ 4.65 billion), a senior finance ministry official has said.

Flower farmers prepare for Tet

 Farmers in the Mekong Delta are busy with their flowers and other agricultural products in preparation for the Tet (Lunar New Year) holiday, which falls on February 16.

U23s VN head to China for regional champs

 Viet Nam will leave for China’s Asian U23 Football Championship on January 1, eight days before the tournament begins.

VN needs more green urban development

 Only 59 architectural works across the country have been recognised as achieving green standards of domestic and international organisations, including 45 works in the south, 11 in the north and three in the central region.

E-wallets still not attracting enough consumers

VietNamNet Bridge - Twenty e-wallet service providers have opened since since the State Bank began licensing the service two years ago. But only several million people are using e-wallets.

Students invent machine that produces drinking water from the air

VietNamNet Bridge - The '4 in 1' machine can use heat in the air to produce water to cool and reduce the humidity in the atmosphere.

Monitoring system allows farming of shrimp in all weather conditions

If environment indexes exceed permitted levels, the smart monitoring system will give an alert on the spot and via smartphones, and will turn certain devices on or off.

University students invent face recognition system

BKFace, a product created by a group of five students from Hanoi University of Science & Technology, Hanoi University of Foreign Trade and Hanoi Economics University, recognizes faces with a high accuracy level of 96 percent.

Vietnamese restaurateur makes “pho”-nomenal comeback

 After years off the grid, Huynh My Truc Lien, a Vietnamese chef whose restaurants welcomed two former US presidents, George W. Bush and Bill Clinton, made a comeback with a signature lobster pho dish priced at $22.

Vietnamese-Korean trade celebrates quarter century milestone

 After 25 years, Vietnamese-Korean two-way trade turnover hit $60 billion and is expected to reach $100 billion by 2020.

Localities allowed to hold fireworks for Tet without using State budget

 Centrally-run cities and provinces are allowed to celebrate Tet 2018 (lunar New Year) with fireworks as long as the State budget must not be used for such shows.

Chinese contractor urged to ensure Hanoi metro line pace

 The Ministry of Transport has requested the contractor of the Hanoi’s Cat Linh-Ha Dong metro line to commit to ensuring their behind schedule proposal.

Banks pursue sustainable growth

 The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector.

Central bank wants ATMs to run efficiently before Tet

 The State Bank of Viet Nam (SBV) has asked the relevant agencies to ensure all
ATMs are operational in the months approaching Tet (Lunar New Year) holiday, when there is high demand for cash transactions.