Morning Digest

The Saigon Times Daily

Bui Van Thanh has been relieved of his post as Deputy Minister of Public Security - PHOTO: TTXVN

Deputy Minister of Public Security dismissed

Bui Van Thanh has been relieved of his post as Deputy Minister of Public Security, and Tran Viet Tan is stripped of his title as former Deputy Minister of Public Security for the 2011-2016 tenure, due to their serious infringements of regulations on land management and protection of state secrets, reported local media.

PM attends investment promotion conference in Tien Giang

Prime Minister Nguyen Xuan Phuc is attending a conference on investment promotion entitled “Tien Giang: Investment Opportunity – Development Cooperation” in the Mekong Delta province of Tien Giang this morning, August 9.

Govt to likely stop licensing new foreign banks

The Government will limit or even stop issuing licenses for new wholly foreign-invested banks, but will allow foreign investors to acquire and restructure loss-making banks in Vietnam, Deputy Prime Minister Vuong Dinh Hue said at the Vietnam M&A Forum 2018 in HCMC on August 8.

Danang sets to turn industrial zone into urban area in 2020

Manufacturing enterprises operating in An Don Industrial Zone of Danang City have been encouraged to move to others places as the industrial zone is to be converted into an urban area.

Rising greenback value poses capital outflow concern

The upward trend of the U.S. dollar in most markets and the continued interest rate hike by the U.S. Federal Reserve (Fed) have raised concerns over capital outflows from emerging countries, including Vietnam.

Carina Plaza’s head of management board faces detention

The HCMC Investigative Police on the night of August 8 issued a decision of prosecuting and temporarily detaining Nguyen Quoc Tuan, aged 33, head of the Carina Plaza management board, for violating regulations on fire prevention and fighting. The new move follows investigations that took place after a deadly blaze in this residential complex in March, reported the local media.