Vietnam Morning News For April 20

Vietnam Morning News For April 20

Vietnam morning news

Government waste on the table at NASC meeting
Thrift and anti-waste work in 2016 was discussed at the ninth session of the 14th National Assembly Standing Committee in Hà Nội yesterday.
– Viet Nam News

Foreign workers may be forced to pay social insurance in Vietnam
Vietnam’s labor ministry is seeking public opinion on a new rule that would require foreigners working in the country to pay social insurance, the ministry said.
– VnExpress

Climate change threatens water security
Ensuring water security is becoming an urgent task for Việt Nam in the context of climate change impacting all aspects of life, heard a conference on Wednesday.
– Viet Nam News

Chinese automakers eager to co-operate with Vietnamese partners
Chinese automakers are seeking opportunities to co-operate with Vietnamese partners to develop the production of heavy duty truck parts.
– Vietnam Investment Review

Merger plans to create VN’s largest sugar company
Thành Thành Công Tây Ninh and Biên Hòa sugar companies plan to merge to create the largest sugar company in the Việt Nam’s stock market.
– Viet Nam News

Fast track gains seen in tax, customs procedures
The finance ministry will build on the successes it has recorded last year in implementing a Resolution on improving the business improvement, Ngô Hữu Lợi, head of its Legal Department, tells the Vietnam News Agency.
– Viet Nam News

Make tourism growth count, Binh Thuan told
Prime Minister Nguyen Xuan Phuc on Tuesday advised Binh Thuan to ensure that its tourism sector contributes at least 15 per cent of the central province’s GDP.
– Viet Nam News bizhub

Projects in hi-tech agriculture to get more support
The Ministry of Planning and Investment has drafted a Decree on encouraging businesses investing in agriculture and rural areas, which proposes assistance in investment in agriculture applying high technology, training human resources and developing consumption market.
– Vietnam Investment Review

Over 6,000 Japanese firms explore investment in HCM City
The Japanese External Trade Organisation (JETRO) representative office in Ho Chi Minh City welcomed more than 6,000 Japanese firms to study the investment environment in the southern economic hub in 2016.
– VietnamPlus

Sun Group confirmed as sole casino operator in Van Don
A recent document issued by the Quang Ninh People’s Committee stated that real estate developer Sun Group is the only one chosen to develop a casino in Van Don Economic Zone.
– Vietnam Investment Review

Banks to be more demanding in selecting customers
With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.
– Viet Nam News bizhub

Preferential loans for manufacturing industry firms
Domestic enterprises with plans to invest in four key industrial sectors and two traditional fields will be offered low-interest loans worth up to VND200 billion (US$8.8 million) for each project.
– Viet Nam News bizhub

Petrolimex’s foreign ownership cap at 20 percent
The State Securities Commission (SSC) has endorsed the ceiling foreign ownership level at the Vietnam National Petroleum Group (Petrolimex) at 20 percent as approved by Prime Minister Nguyen Xuan Phuc last year.
– VnExpress

SCIC targets 7.34 trillion VND in post-tax profit in 2017
The State Capital Investment Corporation (SCIC) has announced that in the first quarter of 2017, it recorded 639 billion VND (28.1 million USD) in revenue, 584 billion VND (25.7 million USD) in pre-tax profit and 503 billion VND (22.1 million USD) in post-tax profit.
– VietnamPlus

Schneider Electric inaugurates $45 million factory in HCM City
Schneider Electric, the global specialist in energy management and automation, inaugurated its US$45 million manufacturing plant in HCM City’s Sai Gon Hi-tech Park on Tuesday.
– Viet Nam News bizhub

Work begins on Rang Dong IZ
Construction of Rang Dong Industrial Zone (IZ), a large-scale zone dedicated to the textile and garment industry, starts on Tuesday in the northern province of Nam Dinh.
– Vietnam Investment Review

End of the line: Hanoi train factory runs out of steam after century of glory
Gia Lam Train Company, once a symbol of the capital’s industrial revolution, is now in the red and has to be relocated.
– VNExpress

 

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John Le Fevre

John Le Fevre

Managing Editor at AEC News Today
John is an Australian national with more than 35 years experience as a journalist, photographer, videographer and copy editor. He has spent extensive periods of time working in Africa and throughout Southeast Asia. He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests. In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak. Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post.

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