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The State Bank of Vietnam has decided to put Saigon Joint Stock Commercial Bank (SCB) under special control to ensure normal operations and liquidity. The central bank stated Saturday special control of a credit institution is a professional measure to strictly limit negative impacts on that bank and the general …

State-owned companies have invested $6.61 billion overseas by the end of last year, with PetroVietnam and Viettel the main investors. Oil and gas giant PetroVietnam has spent an accumulated $4 billion overseas, telecommunications Viettel $1.47 billion, and Vietnam Rubber Group $771 million, according to a recent government report. This means …

Hanoi authorities have begun dismantling abandoned cruise ships and floating restaurants along the West Lake to restore its original appearance. On Friday, authorities in Tay Ho District where the lake is situated set up a barrier and sent a crane to dismantle cruise ships moored along Dam Bay in Nhat …