News
Interest rate race has Vietnamese businesses on edge
In anticipation of the central bank’s possible move to further limit the use of short-term deposits for loans, banks in Vietnam have rushed to attract savings with higher interest rates, starting a competitive race that might soon hurt many borrowers. Latest figures from the central bank’s ...
Wildlife trafficking poses risks to public health
Wildlife trafficking in Vietnam and the high demand for exotic meat, jewelry, medicine and even pets is a threat not only to bio-diversity, but also to public health, according to environment experts. Experts said the illegal trade of products, which has both domestic and international origins, ...
Vietnam rice exports rebound; prices stay low
Vietnam’s rice exports hit US$445 million in the first two months, twice the number of the same period last year, the agriculture ministry reported on 26 February. Keep reading ...
Work begins on route to link mountain town
Vietnam’s Deputy Prime Minister Nguyen Xuan Phuc launched the project to connect the Noi Bai-Lao Cai expressway with Lao Cai’s Sa Pa town in northern Lao Cai Province on 27 February. At a cost of over VND2.5 trillion (US$112.5 million), the project will include a four-lane ...
Ethnic groups receive support
Vietnam’s Deputy Prime Minister Nguyen Xuan Phuc has said there needs to be a complete update of the mechanisms and policies to spur socio-economic development in ethnic minority-inhabited regions. Phuc made his statement at a conference held by the Government’s Committee for Ethnic Affairs and the ...
Power reaches villages high up in the mountains
Life has become different, and easier, for people who live high up in Vietnam’s mountains. That is because electricity has come to places in Lai Chau Province where there had not been electricity in the past. Sometimes people there would make electricity from an oil generator but the ...
Vinamilk strikes $12.5 million deal to export baby formula to Middle East
Vietnam’s biggest dairy company Vinamilk has closed a US$12.5 million deal to export baby formula to Middle Eastern countries, with shipments expected to increase by around 10 percent a year. The deal, signed at the week-long international food fair Gulfood wrapped up in Dubai on 25 ...
Feasibility study for Laos-Vietnam railway begins
A feasibility study for a railway linking the Lao capital of Vientiane with Vung Ang seaport in central Ha Tinh province of Vietnam has begun, a senior Lao official has said. The study of the 550km-long rail line is set to take about two years to ...
60,000 victims identified as Vietnam expands probe into multi-level marketing scam
Vietnam’s Ministry of Public Security has ordered police in 27 cities and provinces to join an investigation into a fraudulent multi-level marketing company that managed to scam more than 60,000 people. Colonel Tran Quang Huy said the ministry had initially identified about 45,000 victims, but the ...
Hanoi to expand suburban bus routes
Several new bus routes connecting downtown Hanoi with suburban districts will be put into operation between now and 2020, according to Nguyen Phi Thuong, head of the Hanoi Transportation Service JSC (Transerco). The capital bus network would be extended to a large number of localities including ...
