Vietnam splashes out on technology

Vietnam ranked 11th out of 133 economies in the World Economic Forum’s (WEF) 2009 Index on the amount of money the government spends on technology.

Vietnam’s corporate bond market warms up

Vietnam’s corporate bond market is showing signs of recovery after a series of local banks announced their plans to issue more bonds from now through early next year.

Noteworthy are plans by Saigon Thuong Tin Commercial Joint Stock Bank (SacomBank) to sell 3 trillion VND (168 million USD) worth of bonds in the third quarter of this year; and Saigon Commercial JS Bank (SCB) with 1 trillion VND worth of convertible bonds in the first quarter of next year.

New rules made for usage of land

The Ministry of Natural Resources and Environment announced new regulations on August 20 on land usage, land price determination, revoking of land use rights, compensation and support for resettlement.

Foreigner sentenced for falsifying documents

The Ho Chi Minh City People’s Court on Aug. 17 sentenced a Congolese national living to 3 years in prison for falsifying seals and official documents to open accounts and receive funds.

Thai economy to grow by 2 percent

Thai Prime Minister Abhisit Vejjajiva on July 23 predicted the country's economy will grow by two percent next year following a second stimulus package.

Mobile rules pressure providers

Mobile phone service providers have asked for more time to implement pre-paid phone subscriber guidelines just a few days before the deadline.

VNA helps to alleviate AO victims’ plight

The Vietnam News Agency has sent 20.5 million VND in aid to 25 Agent Orange/dioxin victims nationwide and built a house valued at 15 million VND for a victim’s family in southern Tien Giang province.

Investors commit 4 bil. USD to Red River delta

Foreign and domestic businesses, who are attending an investment promotion conference in Nam Dinh province, on August 5, pledged to inject nearly 4 billion USD into 10 projects in the locality and its neighbouring province of Thai Binh.