The National Payment Corporation of Vietnam (Napas) last week said it will work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.

The industrial zones and high-tech park authority (DHPIZA) of the central city of Da Nang has granted an investment licence to a semiconductor project worth US$110 million from the firm United States Enterprises.

More than 110 Americans have donated more than US$28,000 so far in a charity campaign organised by Ronald L. Haeberle, whose photographs of the My Lai Massacre turned American public opinion against the war.

Vietnam's birds nest exports are expected to swell in the coming years.

Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam.

Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said.

The insurance industry is forecast to continue gaining double-digit growth this year thanks to new bancassurance contracts signed late last year and the recovery of the economy.

The State Capital Investment Corporation (SCIC) plans to invest VND8 trillion (approximately US$345.6 million) in Vietnam Airlines JSC (HVN), the amount is equal to 25% of HVN’s charter capital.

Nguyen Duc Ninh, Director of the National Power Regulation Centre, has said Vietnam will cut its renewable electricity capacity due to oversupply.

European property developers are working with the Vietnamese Ministry of Construction to reduce greenhouse gas emissions in the residential property sector.