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VN central bank to grant more autonomy to commercial banks

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.

 

Embassy Day promotes Vietnam-Germany cooperation in innovation, startups

Recommendations to promote innovation and the startup ecosystem in Vietnam were highlighted at a workshop held by the Vietnamese Embassy in Germany on May 15.

 

PM Nguyen Xuan Phuc to visit Russia, Norway, Sweden

Prime Minister Nguyen Xuan Phuc and his spouse will pay official visits to Russia from May 20-23, Norway from May 24-26, and Sweden from May 26-28.

 

Lao ministry celebrates Dien Bien Phu Victory

The Dien Bien Phu Victory which ended the French colonial rule in Vietnam (May 7, 1954) was celebrated at a conference held by the Lao Ministry of Industry and Commerce in Vientiane on May 16.

 

Austrian Embassy opens Trade Office in HCM City

The Trade Office of the Austrian Embassy made its debut in Ho Chi Minh on May 16, expected to help connect business communities of Vietnam and Austria in the future.

 

President Ho Chi Minh’s 129th birthday marked in Egypt

The Vietnamese Embassy in Egypt on May 16 held a ceremony to mark the 129th birthday of President Ho Chi Minh (May 19).

 

President Ho Chi Minh’s special testament

There is a special testament in Vietnam which is a guideline for the country’s development. It’s President Ho Chi Minh’s testament.

 

Over 6,000 households in Dong Thap need relocation due to landslides

More than 6,000 households living in landslide-prone areas in Dong Thap need to be relocated, Deputy Director of the provincial Department of Agriculture and Rural Development Vo Thanh Ngoan has stated.

 

Mitsui & Co invests $155 million in Vietnamese seafood company

Japanese-based Mitsui & Co. Ltd said on May 16 it has sealed a 155-billion-USD deal to acquire 35.1 percent of Minh Phu Seafood Corporation – a major shrimp farming business in Vietnam.

 

VAMC aims to resolve $2.14bil of bad debts this year

The Vietnam Asset Management Company (VAMC) plans to handle $2.14 billion worth of bad debts in 2019, and issue special bonds to purchase $856 million of non-performing loans.

 

Outstanding scientific researches honoured with Tran Dai Nghia Award

Four outstanding scientific researches with high applicability were honoured with the Tran Dai Nghia Award by the Vietnam Academy of Science and Technology (VAST) at a ceremony in Hanoi on May 17.

 

Ministry, World Vision join hands to end violence against children

A cooperation agreement on implementing the World Vision International (WVI)’s initiative of ending physical violence against children at home and school was signed between the Ministry of Education and Training and WVI today.

 

Prime Minister asks Brazil to open market wider for Vietnam’s farm produce

PM Nguyen Xuan Phuc asked Brazil to facilitate the entry of Vietnamese farm produceduring a reception for Brazilian Minister of Agriculture, Livestock and Food Supply Terresa Cristina Correa in Hanoi on May 17.

 

One-month National Assembly meeting to kick off on May 20

The National Assembly will convene its 7th session on May 20, and conclude the session on June 14, the legislature’s General Secretary Nguyen Hanh Phuc said at a press conference on May 17.

 

What’s needed to shift towards higher-quality investment?

Vietnam has come a long way since the doi moi reforms. Its success in attracting foreign direct investment has been evident.

Cultural festival to connect people on Vietnam-Laos border

An upcoming festival is aiming to bring together people living along the border of Laos and Vietnam.

 

Poachers under investigation into national park’s deforestation

Police in Bo Trach District in central Quang Binh Province have started legal proceedings against six more people involved in a deforestation case at Phong Nha-Ke Bang National Park.

Online platform for public assets trading to be developed

The Ministry of Finance plans to develop an electronic trading system for public assets, deputy minister Tran Xuan Ha announced on Thursday.

Vietnamese gov’t tightens scrap import

The Government has recently issued Decree 40 to guide the Law on environmental protection especially to amend and supplement regulations on scrap imports for production materials.

 

Vietnam leverages foreign investors in SOE privatization

The State Bank of Vietnam has issued new regulations to further facilitate foreign investors in taking part in the privatization and divestment of State-owned enterprises (SOEs) in the country.