VDB offers credit for Vietnam’s second satellite. The state-run Vietnam Development Bank (VDB) has signed an agreement with Vietnam Posts and Telecommunications Group (VNPT) for a VND1.092 trillion ($56 million) loan for VNPT’s second satellite project.

VinaCapital arm continues to churn portfolio

VinaLand, a subsidiary of VinaCapital, has sold off its 85 percent stake in a housing development by the Hanoi-based Golden Gain Vietnam real estate company.

Vietnamese movies raise voice to the world

Tuoi Tre has an interview with Ellen M. Harrington, Director of Exhibitions and Special Events, about the upcoming project called “New Voice from Vietnam” (NVFVN), enabling young Vietnamese directors to introduce their movies to the US audience.

Floods still threaten central provinces

Rain-triggered floods since late last month have killed 25 people in the south-central provinces, according to the Central Committee for Flood Prevention and Control.

Cold weather forecast for northern Vietnam

A cold wave is forecast to hit Vietnam’s northern region this week, with temperatures to drop by several Celsius degrees.

Viet kieu ex-CEO wanted by police, absconding

Tran Jimmy, a 55-year-old American citizen, is wanted by the Vietnamese police after his former employer complained he had “abused the company’s reputation to misappropriate others’ property” and “illegally smuggled money across borders,” but he is absconding.

New laws should address development of Hanoi

The majority of lawmakers advocate the need to issue a law with mechanisms and policies to facilitate the construction and development of Hanoi.

The law will be the legal grounds to build, manage and develop the capital, which will contribute to addressing actual matters facing the city and to setting the direction of its future, heard a National Assembly meeting last Saturday.

Gold prices edge down on import announcement

Gold prices surged to a record high of VND38.2 million per tael this morning as the global price of the metal jumped to US$1,410 per ounce, a new high, before a central bank statement that it will allow imports saw a correction set in.

River tour to take in Ho Chi Minh City, Bien Hoa

A view of Ho Chi Minh City from Saigon River at night

Authorities in Ho Chi Minh City made a survey last Saturday to prepare for a new river tour linking up travel spots in Ho Chi Minh City and neighboring Bien Hoa Town, with the first tour expected to be organized late this year.

HCMC students commute to school in old Volkswagens

Students of District 10’s Vo Truong Toan primary school commute to school in old Volkswagens with manufacturing date going back to the 70s.