Smart city project: HCMC’s high determination, low infrastructure

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SaiGon GP English 3 day(s) ago

HCMC has set high determination to develop into a smart city which does need a complete infrastructure system. Despite strong development in recent years, the city’s infrastructures are weak and short of connectivity.

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SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 5 day(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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Craft villages still face many challenges

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Báo Dân Trí English 3 week(s) ago

Even though traditional craft villages in Hanoi created some 800,000 jobs last year, they still need to deal with various problems including weak infrastructure and pollution.

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Ministry explains giant losses at Ninh Binh Fertiliser Plant

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Báo Dân Trí English 1 month(s) ago

The Ministry of Industry and Trade has pointed out the causes for the USD90m losses at a fertiliser plant in Ninh Binh Province that forced it to halt operation four years after being put into use.

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SBV announces compulsory M&A for weak banks

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Báo Đầu Tư English 1 month(s) ago 1 related news

The State Bank of Vietnam (SBV) currently encourages mergers and acquisitions (M&A) for weak credit institutions based on voluntary spirit and the assurance of relevant rights for both parties. However, this will turn into a compulsory activity if these institutions do not volunteer.

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Platinum cineplexes to be shut down

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Báo Dân Trí English 1 month(s) ago

The Platinum chain of cinemas, one of the largest in Vietnam, will stop operations at three Vincom shopping centres from February 24 due to debts and weak services.

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Call for police investigation into football referee penalty debacle

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Báo Dân Trí English 1 month(s) ago

Long An FC's chairman, Vo Thanh Nhien has backed his team and said he would ask the criminal police department to investigate the referee Nguyen Trong Thu after his team were left on the end of a controversial 5-2 defeat, triggered by a weak 80th minute penalty decision.

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Vietnam far from target of 15,000 new style cooperatives: deputy PM

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SaiGon GP English 1 month(s) ago

Cooperative economics has posted some positive changes for the last recent years but still been weak, mall and scattered making the country far from the target of 15,000 new style cooperatives operating effectively, said deputy Prime Minister Vuong Dinh Hue at an January regular cabinet meeting recently.

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Vietnamese student achievements rank in top 20: OECD survey

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Báo Dân Trí English 2 month(s) ago

Vietnam ranks 19th among 20 countries which have students gaining the best achievements in the latest OECD rankings.

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Shares advance slightly in weak trading before Tet

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Báo Đầu Tư English 2 month(s) ago

Shares rose slightly on both local exchanges on Friday morning with low market trading liquidity as investors tended to preserve their money ahead of the Tet (Lunar New Year) holiday.

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Three-hour airline check-ins for Tet criticised

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Báo Dân Trí English 2 month(s) ago

Deputy Minister of Transport Le Dinh Tho said asking passengers to arrive three hours at the airport early is evidence of weak management skills.

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Rice exports drop to record low

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Báo Dân Trí English 3 month(s) ago

Vietnam's rice exports have sharply fallen to a seven-year record low because of weak abilities, according to a new report by the Ministry of Agriculture and Rural Development.

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Moody's: Unresolved bad debt risks higher

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Báo Dân Trí English 3 month(s) ago

Vietnam’s macroeconomic stability and resilient economic growth will continue to support the bank’s weak credit profile, but high credit growth and unresolved bad debts might turn the outlook into a negative, a report released on December 14 by Moody’s said.

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New 100b road develops cracks, caves in

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Báo Đầu Tư English 3 month(s) ago

The construction of Provincial Road 537 was completed just recently, but the section passing through Yên Thành District’s Hợp Thành Commune has already developed huge cracks and started caving in.

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Moody's outlook remains stable for Vietnam banking system

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Báo Dân Trí English 4 month(s) ago

Credit ratings agency Moody’s has indicated that the outlook for the banking system in Vietnam (B1 stable) is stable over the next 12-18 months, reflecting Moody's expectation that the country's macroeconomic stability and resilient economic growth will continue to support the banks' weak credit profiles.

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