Vietnam

Vietnam court jails 46 bankers

A court in Vietnam has convicted 46 former bankers and businessmen of corruption on Monday over a multi-million-dollar lending scam spearheaded by the once-powerful chairman of Vietnam's Construction Bank.It is the latest in a series of major banking trials aimed at cleaning up the opaque sector long plagued by bad debts, corruption and nepotism.Vietnam's communist leaders have vowed to target the banking business as they wage a sweeping anti-graft campaign which observers say is un

7 August 2018
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Hanoi to breathe easier by banning bikes

The city of Hanoi is choking in air pollution and its city council hopes to reduce it by banning motorcycles from the inner city by 2030. The city aims to remove some 2.5 million old motorcycles from its streets between now and 2020.Hanoi, with an estimated population of 7.8 million people, is considered one of the most air polluted cities in Southeast Asia with its air quality consistently rated as “Moderate” to “Unhealthy” throughout 2017.

5 August 2018
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Vietnam goes for eco-shrimp

Shrimp is a popular seafood around the world. The European Union (EU), United States (US) and Vietnam were the world’s largest shrimp importers in 2016. Vietnam also happens to be the third highest exporter of shrimp.Shrimp exports were so profitable that many small rice farmers in the Mekong Delta switched to shrimp farming some 15 years ago.

28 July 2018
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How hydropower could kill the Mekong

The Mekong is Southeast Asia’s lifeblood, pumping life into some of the region’s biggest cities. It is the seventh longest river in Asia and the 12th longest in the world. The 4,350-kilometre river runs from the Tibetan Plateau through China’s Yunnan Province, Myanmar, Lao PDR, Thailand, Cambodia and Vietnam. The Mekong is important to the region for a number of reasons. First, it acts as an important fishery resource for the countries it flows through.

21 July 2018
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Vietnam goes on the defence

With China and the United States (US) as its largest export destinations, Vietnam is seeking ways to insulate itself from an escalating trade war between the world’s two biggest economies.The National Center for Socio-Economic Information and Forecast has submitted a report detailing the potential impact of the trade war to the planning and investment ministry, Luong Van Khoi, deputy director general at the centre in Hanoi, said in an interview.“If the US and China escalate the tension with t

18 July 2018
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Southeast Asia's growth could be trade war's next casualty

For Southeast Asia’s biggest economies, 2018 wasn’t supposed to be like this.If a widening trade war wasn’t enough to contend with, a global wave of policy tightening, strong oil prices and domestic politics are also weighing on growth prospects for the region.

16 July 2018
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Vietnam forces Facebook and Google to pick privacy or growth

Vietnam’s new cybersecurity law could force Alphabet Inc.’s Google and Facebook Inc. to choose between access to one of Asia’s fastest-growing digital economies and protecting their users’ privacy.The law, which goes into effect 1 January, 2019 after the National Assembly passed it this month, requires foreign internet companies to store data within the country and open local offices.

28 June 2018
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Discontent lurks under the surface of economic success in Vietnam

Vietnam boasts one of the world’s fastest-growing economies, optimistic citizens and a stable government. But below the surface of positive data points lies discontent that spilled over during recent protests across the country.On Sunday, hundreds of anti-riot police blanketed central Ho Chi Minh City, the nation’s thriving commercial centre, to prevent demonstrations after thousands of Vietnamese took to the streets across the nation the previous week.

19 June 2018
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Special Economic Zones to spur Vietnam’s growth

To consolidate its growing economy, Vietnam is looking to launch Special Economic Zones (SEZs) to boost growth and to attract foreign investments to the country. The three SEZs are slated for development in Van Don, North Van Phong and Phu Quoc. According to Vietnam Investment Review in January 2018, draft laws for the SEZs are being discussed and are nearing completion. Vietnam’s economic growthVietnam’s economy in 2017 was deemed to be one of the best performing in the region.

17 June 2018
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Vietnam's new cybersecurity laws a threat to freedom

Vietnamese lawmakers have just passed a cybersecurity bill which would allow the government there to essentially censor the internet. The bill which was passed with an overwhelming majority by Vietnam’s rubber stamp parliament has come under fire from many quarters.

14 June 2018
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Ho Chi Minh City: Property Paradise For ASEAN

Massive infrastructure projects and ample growth prospects have positioned ASEAN as a prime real estate investment destination globally, with properties in regional capitals typically offering higher rental yields and capital appreciation than assets in more developed areas.The region also leverages on an upsurge of interest across Asia as a whole, which saw total transactions of completed properties rising 19 percent year-on-year to US$61 billion in the first half of 2017 alone, according to

10 June 2018
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