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FOLs will help banks revamp

FOLs will help banks revamp

A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.

Framework agreement deemed landmark in Viet Nam-Hungary ties

Framework agreement deemed landmark in Viet Nam-Hungary ties

The signing of a framework agreement on credit co-operation between the Vietnamese and Hungarian governments is an important landmark in the two countries’ diplomatic activities this year.

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Labour accident at Luxury Apartment injures four

Labour accident at Luxury Apartment injures four

A scaffolding collapse at Luxury Apartment Complex in the central city of Danang yesterday injured at least four people.

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Big fire destroys Suzuki auto part warehouse in Dong Nai

Big fire destroys Suzuki auto part warehouse in Dong Nai

On January 11, a large fire occurred at an auto part warehouse of Suzuki Vietnam at Long Binh industrial park, Bien Hoa city in the southern province of Dong Nai, causing huge damage.

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City reviews plans to lend to enterprises

City reviews plans to lend to enterprises

The banking – enterprises connection programme enabled around 22,000 businesses in HCM City to borrow over VND280 trillion (US$12.5 billion) from banks last year.

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PM orders fines for sausage quality check violations

PM orders fines for sausage quality check violations

PM Nguyen Xuan Phuc has asked Ha Noi’s People’s Committee to order authorised agencies to impose strict penalties on units and individuals committing violations while checking quality of Vietfoods sausage products, the online Vietnamplus reported.

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Ha Noi remains positive development on property market in Q4

Ha Noi remains positive development on property market in Q4

The Ha Noi real estate market saw strong development in the condominium, villa and townhouse segments in the fourth quarter of 2016 and experts predict further growth this year.

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Gov’t to tap Mekong Delta potential

Gov’t to tap Mekong Delta potential

Deputy Prime Minister Vuong Dinh Hue has instructed ministries and local governments in the Cuu Long (Mekong) Delta to prioritise investment in transportation and logistics services to help improve the region’s competitiveness.

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Yamaha Vietnam sued for breach of employment contract

Yamaha Vietnam sued for breach of employment contract

Yamaha Vietnam, the Vietnamese subsidiary of Japanese multinational motorbike and car producer Yamaha, has been sued by a former employee for an alleged breach of contract.

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State budget not to be used to rescue SOEs and inefficient projects

State budget not to be used to rescue SOEs and inefficient projects

State-owned enterprises (SOEs) will have to use their own resources to resolve their inefficient projects.

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Ministry relaxes rice export regulations

Ministry relaxes rice export regulations

Minister of Industry and Trade Tran Tuan Anh on Wednesday decided to repeal regulations on rice exports and traders as they have become hurdles in the expansion of the sector.

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The first ever event in Vietnam for  the  Customer Care Industry

The first ever event in Vietnam for the Customer Care Industry

Customer Care in Vietnam (CCAV), the first customer care non-profit organisation of Vietnam, will hold an opening ceremony to officially mark its establishment on January 6.

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Viet Nam second in ASEAN in manufacturing sector growth

Viet Nam second in ASEAN in manufacturing sector growth

The Vietnamese manufacturing sector ended 2016 on a positive note, with the Nikkei Viet Nam Manufacturing Purchasing Managers’ Index (PMI) coming second among the top three PMIs in ASEAN region.

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HCM City green lights 115 projects, to cost $193m

HCM City green lights 115 projects, to cost $193m

The HCM City People’s Committee has approved 115 projects that will cost VND4.2 trillion (US$193.5 million).

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Vietnam-US direct air routes may begin in 2018

Vietnam-US direct air routes may begin in 2018

In the first quarter of 2017, the US Federal Aviation Administration (FAA) will send staff to Vietnam to assess Civil Aviation Authority of Vietnam’s (CAAV) safety supervision capability in preparation for Vietnamese air carriers to open direct air routes to the US, with no transit in third countries.

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Thach Khe iron mine goes into limbo

Thach Khe iron mine goes into limbo

The future of Thach Khe mine in Ha Tinh, where Kobe Steel’s unmoving Nghe An project expects to source ore for steel production, has become unclear thanks to financial troubles.

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