Vietnam Morning News For April 25

Vietnam Morning News For April 25

Vietnam morning news

VN corporate profit falls 60 percent in 2010-2015
According to Pham Dinh Thuy, Director of the Office’s Industrial Statistics Department, the global development crisis has taken a toll on the operation of Vietnamese firms, despite numerous tax incentives offered by the Government.

Corporate governance ignored in VN
Firms should attach importance to corporate governance to improve their competitiveness and develop sustainably, experts said.
– Viet Nam News

11 VN tourism start-ups qualify for MIST project
ELEVEN innovative tourism start-ups from Vietnam have qualified for the Mekong Innovative Startup Tourism (MIST) Startup Accelerator programme.
– The Nation

Private investors in infrastructure suffer disadvantages
The figure is similar to recent estimates by the Ministry of Planning and Investment (MPI) that Vietnam needs $480 billion more for infrastructure projects, including 11 power plants with total capacity of 13,200 MW and 1,380 kilometers of highway.

Vietnam’s top listed bank BIDV looking for steady profit in 2017
The Hanoi-based bank forecasts lending this year to rise by 16 percent, below the 18-percent annual increase in 2016.

Vietnam’s public debt ceiling set at 65% of GDP for 2016-2018
The objective was set at a medium-term debt management programme for 2016-2018 recently approved by Prime Minister Nguyen Xuan Phuc.

Singaporean enterprises keen on Hai Phong investment seminar
An ASEAN market seminar “Capturing business opportunities in Vietnam’s third largest city: Haiphong” has taken in Singapore recently, attracting more than 80 participants, mostly Singaporean businesses coming from diverse industries.
– Hanoitimes

Logistics key for aviation sector
Việt Nam’s aviation sector must use advanced technologies such as e-commerce for its management, operations and business as it is a trend in global aviation transport, experts said in HCM City.
– Viet Nam News

Vietnam’s bank seeks $700 mln via stake sale to foreign investor – report
Saigon Commercial Bank expects further talks with two potential investors from China and Indonesia as it plans to sell more than half of the bank at par value.

Masan Group sets ambitious $2.19 billion sales target
Masan Group Corporation has set itself a target of increasing sales and net profits by 15-20 per cent to over VNĐ50 trillion (US$2.19 billion) and VNĐ3.2-3.4 trillion this year.
– Viet Nam News

Vina Kraft’s second paper plant becomes operational
Vina Kraft Co. Ltd on April 24 inaugurated its second paper and packing factory in the My Phuoc Industrial Park 3, Ben Cat town, the southern province of Binh Duong.
– VietnamPlus

Vietnam, South Korea foster strategic partnership
The two sides will take the occasion to discuss bilateral cooperation between the two nations, the two NAs, and international and regional issues of common interest.

Inspectors find nearly $2 bln involved in economic-related violations
More than 4.19 trillion VND (184.4 million USD) of the sum was uncovered in the banking sector. That excludes nearly 91.32 trillion VND (4 billion USD) involved in violations of the State’s regulations on lending, debt classification and credit risk provisions.

Auto-tech solutions make numerous profits for FPT Software
FPT Software expects to earn 200 million USD through the sale of automotive technology solutions and employ 8,000 people by 2020, the company said.
– Hanoitimes

Vietcombank, Indovina Bank pledge $64m for HCM City ring road
Vietcombank and Indovina Bank have signed an agreement with Van Phu Bac Ai JSC to provide VND1.46 trillion (US$64.32 million) to finance construction of a section of HCM City’s Ring Road No 2.
– Viet Nam News bizhub

Construction sites worsen air pollution in Hanoi
According to the Hanoi Construction Department, there are more than 1,000 construction sites, large and small, under execution in Hanoi. It is estimated that more than 10,000 square meters of road are excavated every month for projects to upgrade technical infrastructure.

Saigon is sinking: Land subsidence an alarming issue in southern Vietnam – expert
Ho Chi Minh City has been sinking for decades, posing a serious risk to the local economy and livelihoods, experts warned.


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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage 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, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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