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Positive outlook on Vietnam bank stocks in 2019

Statistics from 17 stock-exchange listed banks in Vietnam in the first quarter show a continued uptrend following positive business performance of the sector in 2018.

Anti-dumping duty investigation launched on imported fiberboards from Thailand, Malaysia

The Vietnamese Ministry of Industry and Trade (MoIT) has launched an anti-dumping investigation into industrial medium density fibreboard (MDF) imported from Thailand and Malaysia.

 

Vietnamese weightlifter wins three golds at Asian tourney

Weightlifter Vuong Thi Huyen on April 21 earned three gold medals at the ongoing 2019 Asian Weightlifting Championships in Ningbo, China.

 

Vietnam to attend 8th Moscow Conference on International Security

A high-ranking military delegation of Vietnam left Hanoi on April 22 to attend the 8th Moscow Conference on International Security (MCIS 8) from April 23-25 at the invitation of the Ministry of Defence of Russia.

 

Three Koreans detained for running online gambling ring

Three men of the Republic of Korea (RoK) have been arrested for running an online gambling ring worth about 8.6 billion KRW (7.3 million USD).

 

Vietnamese naval ships visit China

Two frigates of the Vietnam Navy arrived at Dagang port in Qingdao, Shandong province, on April 21, to attend multilateral naval activities marking the 70th anniversary of the Navy of the Chinese People’s Liberation Army.

 

Vietnam’s U22 football team elevated to higher pot of 30th SEA Games

Vietnam were elevated to a higher pot for the group draw for the men’s football of the 30th Southeast Asian Games (SEA Games 30), set to be held later this year in the Philippines.

 

Sapa faces serious water shortage

Many households in Sapa, Lao Cai Province, have to buy a cubic metre of fresh water at VND500,000 (USD21) as the town is facing a water shortage crisis.

 

Grab warned over out-of-scope operations

The Ministry of Transport has asked local authorities in Bac Ninh, Hung Yen and Vinh Phuc to deal with Grab's illegal operation in the areas.

 

VN urged to improve economic resilience

Vietnam must focus on consolidating macro-economic foundations and reforming institutions to increase resilience in the context of global uncertainties, according to the Central Institute for Economic Management.

 

Not many banks to pay dividends in cash, but shareholders content

At the annual general meeting of VIB in HCM City on March 28, shareholders approved a dividend of 26.5 per cent for 2019, including 5.5 per cent in cash and the rest in shares.

 

FPT & SBI Holdings invest $3m in blockchain startup

FPT Corporation and Tokyo-based SBI Holdings Inc this week signed a memorandum of understanding (MoU) to invest US$3 million into joint venture Utop, a Vietnamese start-up that bridges loyalty point programmes among merchants.

Smartphones to cover Vietnamese population by 2020

Almost all Vietnamese people will use smartphones by 2020, according to Minister of Information and Communications, Nguyen Manh Hung.

 

Da Lat speciality products to be given 'identity cards'

Each specialty product from Da Lat City and Lam Dong Province will be given a unique identification number to help consumers distinguish between them quickly and accurately.

FPT’s profit rises 23 per cent, driven by software outsourcing

IT giant FPT Corporation reported first-quarter revenue of nearly VND5.7 trillion (US$244.6 million) and before-tax profit of VND960 billion ($41.2 million).

 

Credit package proposed for VN support industry

The Vietnamese Ministry of Industry and Trade has proposed a VND100 trillion (US$4.31 billion) preferential credit package for the development of the country’s support industry.

 

Basel II standards help Vietnamese banks get high credit growth limit

Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule.

 

Ho Chi Minh City streets glow with vibrant flowers

Fully-bloomed flowers add a vibrant and lively feel to the streets of Ho Chi Minh City. Amidst the harsh and hot weather, these golden flowers give beauty and charm to the restless Vietnamese city.

 

Vietnam say no to plastic straws

Non-biodegradable plastic straws have been widely used over the last century, causing the depletion of marine life in many countries, including Vietnam.

 

Vietnamese fruit farmers encouraged to apply GAP standards

The Mekong Delta province of Dong Thap is encouraging farmers to grow more fruits meeting good agricultural practice standards to improve incomes and sustainability.