Vietnam Investment Review - VIR

Corporate

Uber agrees to US$28.5m settlement over safety claims
20:43 12/02/2016 Uber agrees to US$28.5m settlement over safety claims

Uber said Thursday it has agreed to pay US$28.5 million to settle a pair of lawsuits challenging its promises on driver safety checks.

Investing

Mid-term public investment need estimated at almost $495m
22:22 10/02/2016 Mid-term public investment need estimated at almost $495m

The Ministry of Construction has completed its mid-term public investment for 2016-2020 under the Law on Public Investment to submit to the Ministry of Planning and Investment.

Tech

Mobile carriers prepare plans to prevent network congestion at Tet
13:46 06/02/2016 Mobile carriers prepare plans to prevent network congestion at Tet

Local mobile phone service providers like Viettel, MobiFone and VinaPhone have drawn up plans to cope with network glitches, especially for the 3G service during the upcoming Lunar New Year holiday (Tet).

Property

M&A continues to dominate real estate market
20:34 11/02/2016 M&A continues to dominate real estate market

The recovery of the property market along with many open policies and incentives have created favourable conditions for real estate corporations with strong financial resources.

Money

Singaporean bank branch to increase charter capital
21:36 10/02/2016 Singaporean bank branch to increase charter capital

The State Bank of Vietnam (SBV) has allowed the HCM City branch of the Development Bank of Singapore Limited (DBS Bank Ltd.) to increase its charter capital.

Province

HCM City reviews socio-economic plan
22:28 10/02/2016 HCM City reviews socio-economic plan

The HCM City People's Committee reviewed its socio-economic development and State budget for January, and mapped out its priorities for next month.

Travel

Thousands flock to Vietnam’s Mekong Delta
20:52 11/02/2016 Thousands flock to Vietnam’s Mekong Delta

Thousands of visitors were recorded flocking to many famous destinations in Vietnam’s Mekong Delta on Wednesday, the third day of the Lunar New Year.

Leisure

Vietnamese regional Tet food featured in Da Nang
20:09 12/02/2016 Vietnamese regional Tet food featured in Da Nang

Foreign tourists visiting the central city of Da Nang during Tet, the Lunar New Year, can explore Vietnamese cuisine with regional flavors specifically designed to promote the Lunar New Year festival.

Society

Thousands celebrate Dong Da festival
19:50 12/02/2016 Thousands celebrate Dong Da festival

Hanoians and visitors participated in Ha Noi's Dong Da Festival on February 12, marking the Vietnamese people's 1789 victory over the Chinese Qing invaders.

Sports

Sevilla to meet Barcelona in Copa del Rey final
20:35 12/02/2016 Sevilla to meet Barcelona in Copa del Rey final

Sevilla set up a meeting with Barcelona in the final of the Copa del Rey after a 2-2 draw away to Celta Vigo on Thursday saw them win their semi-final 6-2 on aggregate.

World News

Airports boost efforts to stop spread of Zika virus: UN agency
20:53 12/02/2016 Airports boost efforts to stop spread of Zika virus: UN agency

Airports are stepping up efforts to reduce populations of mosquitoes that transmit the Zika virus in order to prevent its spread, the UN aviation agency said on Thursday.

Your Consultant

New regulations on employee sickness, maternity take effect
14:17 03/02/2016 New regulations on employee sickness, maternity take effect

Circular No. 59/2015/TT-BLDTBXH, dated December 29, 2015, details and provides guidance on the implementation of provisions of the Social Insurance Law on Compulsory Social Insurance, which contains numerous new regulations regarding sickness and the maternity regime.