Vietnam Morning News For April 27

Vietnam Morning News For April 27

Vietnam morning newsVietnam Building More Power Plants as Economic Growth Accelerates
PetroVietnam Power Corp, or PV Power, has been granted government approval to build two gas-fired power plants in southern Vietnam at a total cost of nearly $1.5 billion, its parent company said on Thursday (26/04).
— JakartaGlobe

To solve supply glut, no new sugarcane plants until 2020
Viet Nam will not build more new sugarcane plants between now and 2020, following a plan for the sugar industry’s development until 2020 with a vision to 2030.
— Bizhub

Vietnamese investors hit in ICO ‘scam’, but sentiment strong
Vietnam is the latest in the growing list of countries to be hit by ICO scams.
— Asia Times

Vietnam to Strengthen Cryptocurrency Legal Framework
Following an alleged fraud of VND 15 trillion (US$ 658 million) related to cryptocurrency that scammed 32,000 investors, the Prime Minister signed a directive asking the Ministry of Finance and the State Bank of Vietnam (SBV) to strengthen the management of cryptocurrency activities.
— Vietnam Briefing

Price of cashew nuts plummet as quality declines
The price of raw cashews in Binh Phuoc Province has fallen from VND29,000 (US$1.27) per kilo to VND12,000-14,000 per kilo, mostly due to poor quality, according to Tran Thi Yen, director of Bu Gia Map agricultural cooperative.
— Bizhub

First Logistics Development’s port to be unchanged until its licence expires
The container port operated by First Logistics Development JV, a major port located along the Saigon River, is not included on the list of ports to be removed by the Ministry of Transport released recently.
— VietnamNet Bridge

Vietnam Airlines and ST Aerospace sign deal to boost aviation operations
National flag carrier Vietnam Airlines and ST Aerospace has signed a Memorandum of Understanding (MOU) to provide component Maintenance, Repair & Overhaul (MRO) solutions.
— The Hanoi Times

Vietnam Woos Foreign Investors Despite Ongoing Political Purge
The political contentions and factionalism at the top of the Communist Party of Vietnam (CPV) have and will continue to catch isolated investors in the crosshairs in the coming year.
— Forbes

Hanoi urged to prioritise airport rail line
The capital city of Hanoi has been asked to pay attention to mobilising resources to build a rail line connecting the downtown area with Noi Bai Airport and accelerate the implementation of the project.
— Nhan Dan Online

Agricultural innovation needed for growth
Without a proper supply chain, Viet Nam’s agriculture may be in for a harsh winter.
— Bizhub

Labour Code revision opportunity to promote gender equality
Experts discussed effective strategies and interventions to solve gender discriminations present in the provisions of the current 2012 Labour Code during a workshop held in Hà Nội on Thursday.
— Viet Nam News

MARD announces ranking of agro-forestry-fisheries safety management
Thirteen localities have been marked as “good” in the ranking of agro-forestry-fishery product safety management in 2017 announced by the Ministry of Agriculture and Rural Development (MARD).
— VietnamPlus

Vietnam Dealbook: FPT Retail lists shares on HoSE; Vietjet mulls overseas listing
FPT Retail on Thursday listed 40 million shares on the Ho Chi Minh City bourse while budget carrier Vietjet has again expressed interest in listing its shares on an overseas stock exchange.
— DealStreetAsia

Vietnam Airlines earns nearly 1.46 trillion VND in pre-tax profit in Q1
The Vietnam Airlines Corporation earned nearly 1.46 trillion VND (64.3 million USD) in pre-tax profit in the first three months of the year, 6.2 percent higher its set plan.
— VietnamPlus

Vietnam – Singapore agree joint venture on aircraft maintenance
A Memorandum of Understanding (MoU) to establish a joint venture between Vietnam Airlines and Singapore Technologies Aerospace Ltd (ST Aerospace) was signed on April 26.
— Nhan Dan Online

Ministry of Health plans to cut more than 1,150 business conditions
Deputy Minister of Health Nguyen Thanh Long has said that his ministry is planning to abolish 1,151 of the total 1,680 business conditions, equivalent to 68.51%, and reduce 168 of the 338 administrative procedures, accounting for 49.7%.
— Nhan Dan Online

Viet Nam start-ups need more investment
Despite strong growth, investment into innovative start-ups in Viet Nam remains relatively modest compared to the region and the world.
— Bizhub

Recovery of livestock strengthens Vietnam economy
Vietnam is one of the countries within the Association of Southeast Asian Nations (ASEAN) with one of the fastest-growing economies in the world.
— FeedStuffs

Vietnam – South Korea Deepening Economic Ties
In March 2018, the Vietnamese President Tran Dai Quang met South Korean President Moon Jae-in in Hanoi, the capital of Vietnam.
— Vietnam Briefing

Vice President urges women to foster economic connectivity
Vietnamese Vice President Dang Thi Ngoc Thinh has urged women to take the lead in fostering economic connectivity and international cooperation and equip themselves with new skills and knowledge so that they are not left behind in the digital era and the fourth industrial revolution.
— Nhan Dan Online

Vietnam Rates Up for 5th Week; Currency Moves Weigh on India, Thailand
Rice export prices rose for a fifth straight week in Vietnam as demand remained robust and supplies thinned, but rates of Indian and Thai varieties dipped amid weakness in the local currencies of the top exporters.
— JakartaGlobe

LINA Network signs MoU with three Thailand groups
Three big Thailand-based agriculture groups on Wednesday signed a memorandum of understanding (MoU) with Vietnamese LINA Network to apply blockchain to make the source and quality of products transparent.
— Bizhub

 

Feature photo Lucas Jans

 

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.

 

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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