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Ministry mulls stricter penalties to drunk driving
The Ministry of Transport (MoT) has asked the Directorate for Roads of Vietnam (DRVN) to revise the Government Decree No 46 issued in 2016 towards imposing stricter penalties on drivers whose alcohol content in blood or breath exceeding the permitted level.
Central bank buys 8.35 billion USD to build foreign reserves
The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.
Medical service fees adjusted in Hanoi
The prices of healthcare services in Hanoi increased from May 1, according to the city’s Department of Health.
Review of policies for biofuel E5 RON 92 proposed over disappointing sales
Saigon Petro Company Limited recently proposed policies for the development of E5 RON 92 to be reviewed over the significant declines in sales of this biofuel.
Ministries urged to allow use of State budget for banks’ capital hikes
The State Bank of Vietnam (SBV) has continued to urge relevant ministries to revise legal frameworks in order to allow large State-owned commercial banks to use the State budget for their capital increases.
High supply gives Vietnam's poultry firms chance to reach export markets
Vietnam’s poultry producers have a big opportunity to export their products thanks to high supply levels, according to the Ministry of Agriculture and Rural Development (MARD).
Danang condotel market slows but remains robust
Due to the unclear regulations on condotels, the market in Danang slowed down in the first quarter, according to Colliers International Vietnam’s Quarterly Knowledge Report.
VCCI suggests central bank reconsider cash loan proposal
The Vietnam Chamber of Commerce and Industry (VCCI) has suggested the State Bank of Vietnam (SBV) reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
mPOS mobile card payment leads payment channels in 2018
2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 percent year-on-year increase, according to the Vietnam Bank Card Association (VNBA).
Outlook for Vietnam’s economy remains sound in 2019: IMF
The outlook for Vietnam’s economy remains sound, aided by its strong fundamentals, diversified trade structure and the authorities’ commitment to macroeconomic stability and private sector-led growth, according to the IMF.