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E-wallets still not attracting enough consumers
Twenty e-wallet service providers have opened since since the State Bank began licensing the service two years ago. But only several million people are using e-wallets.
Students invent machine that produces drinking water from the air
The '4 in 1' machine can use heat in the air to produce water to cool and reduce the humidity in the atmosphere.
Legal loophole could cause personal information to be sold to foreigners
Protecting internet users’ personal information remains a problem in Vietnam as current laws do not mention the issue, according to Nguyen Quang Dong from the Institute for Policy Studies and Media Development (IPS).
Some students abroad suffer from depression, commit suicide
Unable to integrate into the foreign school environment because of language and cultural differences and difficulties with the curriculum, some Vietnamese students overseas have tried to commit suicide.
530 SOEs equitized in the last five years
The list of SOEs (state owned enterprises ) subject to equitization is long with many well-known names.
Foreign corporations jump into street-food shops market
The Vietnamese “street food” shop market with products such as steamed rice, banh mi (Vietnam sandwich), pho (noodle soup), banh xeo (Vietnamese crepe) and bun bo (beef noodle soup) is valued at VND47 trillion.
Will Vietnam’s brewery industry be swallowed by foreign firms?
A lucrative beer market with expected high growth rates is the driving force for foreign investors to acquire a stake in Sabeco, the largest Vietnamese brewer.
Shipping firms join forces to improve power
The maritime shipping crisis has forced shipping firms worldwide to join alliances to improve their competitiveness. Such alliances have also been set up in Vietnam.
Foreign banks step up personal banking, increase M&A activity
Two foreign bank names are in the list of top 10 taxpayers – HSBC and Shinhan Bank Vietnam. And both have strong retail banking divisions.
Vietnam looks for more FDI into pharmacy sector
The Ministry of Health (MOH) estimates that Vietnam has to remit US$2 billion abroad to import foreign drugs but could retain more money in-country if it could attract FDI (foreign direct investment) into the pharmaceutical industry.