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VN central bank enhances inspections on cryptocurrency transactions

The State Bank of Vietnam has ordered financial institutions and other organisations providing payment brokerage services not to conduct cross-border transactions in cryptocurrency.

Former Vietcombank branch director accused of swindling $64 million

 The former director of the Tay Do branch of Vietcombank in Can Tho, Nguyen Minh Chuyen, has been prosecuted for swindling VND1.44 trillion ($64 million) from the bank.

VietJet inks deal to open direct flights between HCM City, Brisbane

 Vietnamese budget carrier VietJet and the Brisbane Airport Corporation (BAC) of the Australian state of Queensland signed a cooperation agreement in Sydney on March 16 to open a direct route connecting Ho Chi Minh City and Brisbane.

PM Nguyen Xuan Phuc expects new waves of investments from Australia

 Prime Minister Nguyen Xuan Phuc said he believes a new wave of investments, both direct and indirect, from Australia, will land in Vietnam for win-win benefits, following the freshly-established Strategic Partnership.

Ho Huy: Taxis adapt to survive

Ho Huy, chairman of Mai Linh Group, compares his company to a boat wobbling amid waves caused by stiffening market competition. However, Mai Linh has embraced a comprehensive restructuring to be able to steadily steam ahead.

Raging competition on e-commerce market promises to heat further up

 The Vietnamese e-commerce market contains unexpected elements this year, including Tiki receiving investment from a Chinese partner, Shopee flying up, Lazada getting support from Alibaba, and Cho Tot announcing new ambitions.

Japanese firm gets nod to build US$2.58-billion thermal power plant

 Japan’s Sumitomo Corporation has gained an investment certificate to develop Van Phong 1 thermal power project worth US$2.58 billion in the central coast province of Khanh Hoa.

Falling shipments to EU, U.S. put tra fish sector under tenterhooks

Steep declines in tra fish exports to the EU and the US have been offset by strong growth in shipments to China and Brazil, but industry insiders warn the sector may face a crisis if the situation remains unchanged.

Vietnam’s global integration: it is now the financial sector’s turn

 Viet Nam has made great strides in integrating with the global economy and accomplished a great deal as its rapid economic growth in the past 30 years testifies.

VietJet founder listed among Forbes world's 100 most powerful women

 CEO of budget airline Vietjet Air Nguyen Thi Phuong Thao is Vietnam’s only representative to be named on the 2017 Forbes list of the world's 100 most powerful women.

WB report: Vietnam’s economy continues to show fundamental strength

 Vietnam’s economy continues to show fundamental strength, according to the East Asia-Pacific Economic Update released by the World Bank via a teleconference connecting regional countries, including Vietnam, on October 4. 

Vietnam's industrial production index up 7.9 percent in nine months

 The national industrial production index (IPI) expanded by 7.9 percent in January-September, the General Statistics Office (GSO) reported. 

VN businesses encounter difficulties seeking entry to Korean market

 A Free Trade Agreement between Vietnam and the Republic of Korea (RoK) took effect in December 2015. However, Vietnamese businesses are finding it more and more difficult to penetrate the market as the RoK tightens up on rules and regulations.

Firms must remove from defense land near Da Nang Airport by October

 Businesses must remove their headquaters, factories and other properties from defense land west of Da Nang Airport to hand over the premise to Air Force Division 372 from September 29 to October 6.

Extra nudge

A new draft law allowing longer foreign leaseholds of property in special economic zones should give a further boost to the real estate market.

SCG Concrete Roof VN awarded three latest management certifications

 SCG Concrete Roof Vietnam Ltd., a subsidiary of SCG Cement-Building Materials has become the first concrete roof tile manufacturer in Vietnam to be granted with three major certifications for its management system.

Vietnam's Tran Duy Nhat to compete in Singapore’s Asia fighting event

 Muaythai fighter Nguyen Tran Duy Nhat will present Vietnam at the Asia Fighting Championship in Singapore on Saturday.

Desriac seizes yellow jersey of VTV International Cycling Tournament

 Loic Desriac of the team Bike Life VDC triumphed yesterday in the 10th stage of the VTV International Cycling Tournament, or Ton Hoa Sen Cup.

Special evaluation council for Long Thanh airport component project

Minister of Planning and Investment Nguyen Chi Dung will be the chairman of a special state evaluation council to evaluate the feasibility study report of the Long Thanh International Airport project

Da Nang proposes reducing scale of 10 projects in Son Tra Peninsula

Da Nang has made a proposal to change the function of six projects, and reduce the scale of 10 others, in accordance with the master plan on the Son Tra National Tourism Complex in the Son Tra Peninsula.