Vietnam morning news for September 4

Vietnam morning news for September 4

Vietnam morning newsHai Phong builds VND1.5 trillion interchange to improve northwest gateway
Construction commenced on September 2 on a grade-separated interchange worth VND1.5 trillion (US$64.5 million) in Hai Phong, expected to ease congestion along the northwest gateway to the northern port city.
— Nhan Dan Online

Revenue of retail sales and services up 11.2 per cent in eight months
Việt Nam’s total revenue from retail sales and services had strong growth in the first eight months of this year due to the strong increase in purchasing power of the domestic market, according to the General Statistics Office (GSO).
— Viet Nam News

Investing in Vietnam: Key points on Vietnamese employment law
Investment by Thai companies in Vietnam is surging over recent years, especially after several major M&A deals in the last few years in the beverage, retail and other sectors. However, Thai companies,…
— Bangkok Post

Foreign investors gear capital to high-tech industries in Vietnam
The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country.
— VietnamNet Bridge

Grab riders to get penalised for using phones while riding
Việt Nam’s National Traffic Safety Committee (NTSC) has ordered the traffic safety boards of Hà Nội and HCMC and GrabTaxi Việt Nam Co Ltd to regulate and strictly handle Grab riders using mobile phones when riding.
— Viet Nam News

High profits boost foreign firms’ long-term investments in Vietnam
Many foreign companies are planning to pour more investments for expansion in Vietnam in the long run after gaining good business performance in the fruitful market.
— The Hanoi Times

Investors race against the clock to fulfill solar power projects
If solar power projects do not start prior to June 30, 2019, investors will not be able to sell electricity to the Electricity of Vietnam (EVN) at the price of 9.35 cent per kwh for 20 years, under a new decision.
— VietnamNet Bridge

Floods kill 13, leave 3 missing in Vietnam
Flash floods and landslides triggered by incessant rainfall in Vietnam’s northern and central regions over the past few days have killed 13 people and left three missing, the country’s Central Steering Committee for Natural Disaster Prevention and Control said on Monday.
— Business Standard

More gas filling stations to be erected in Vietnam’s HCM City
Three new compressed natural gas (CNG) filling stations will be set up here to meet refueling demand of CNG buses this year, according to the municipal Transport Department.
— Xinhua

Saving Vietnam’s bile farming bears
Five moon bears were rescued in August from a bile farm near the city of My Tho, located 70 kilometres from Ho Chi Minh City in South Vietnam. The bears, likely captured from the wild, were rescued by the Animals Asia Foundation.
— The Asean Post

Vietnam international arrivals rise fastest in Southeast Asia
Vietnam saw the fastest growth in tourist arrivals in Southeast Asia last year, according to the World Tourism Organization.
— VnExpress

SSC reconsiders allowing non-voting depository receipts
Vietnam’s securities watchdog, which disallowed companies from issuing non-voting depository receipts in 2015, is reconsidering it.
— VnExpress

Hanoi seeks increased supply of safe farm produce from other provinces
Implementing a joint program to develop a safe vegetable supply chain for the city, Hanoi has developed plans for agricultural trade promotion with other provinces and cities in the region.
— The Hanoi Times

Glass product exports rake in 592.8 million USD in 7 months
Vietnam’s export turnover from glass and glass products reached 592.8 million USD in the first seven months of 2018, representing a year-on-year increase of 6.1 percent, according to the General Department of Customs.
VietnamPlus

Transparent incentive policies needed to lure more foreign investors into Vietnam
Lawmakers should detail conditions, criteria and procedures for investors to benefit the country’s investment incentives, aiming to ensure the implementation of the policy more transparently and effectively.
— VietnamNet Bridge

First time in Vietnam? Ho Chi Minh, Hanoi and other must-sees
Vietnam, a country scarred by blood and fighting in the 1960s, was always an off-the-beaten-track route for tourists. I remember buying old postcards of French colonial buildings in Saigon (the old name of Ho Chi Minh) in a flea market in Vienna in the late ’80s.
— Lifestyle

Local firms to tap in global investors
Next month’s Viet Nam Business Summit 2018 is a chance for domestic companies to mingle with potential global investors as they gather for the upcoming World Economic Forum event.
— Bizhub

Da Nang seeks to boost trade, investment ties with Canada
A delegation of central Da Nang city led by Secretary of the municipal Party Committee Truong Quang Nghia visited big cities of Canada from August 30 – September 2 to promote cooperation between localities and the two countries in general, especially in trade and investment.
— VietnamPlus

Foreign leaders congratulate Vietnam on National Day
Leaders of foreign countries sent congratulatory messages to the Vietnamese Party, State and Government leaders on the country’s 73rd National Day (September 2).
— Nhan Dan Online

Pig pens power a solution to climate change in Vietnam
When Trin Gim first started her biogas digester business, she raised many eyebrows.
— UN Environment

HCM City to determine key exports
Identifying HCM City’s typical export products should not be based simply on their export volume or value or subjective decisions, but on careful analysis, experts have said.
— VietnamPlus

Buyers shun weak Vietnamese banks
Is restricted licensing to 100 percent foreign-owned banks the right way to save weak Vietnamese banks?
— VietnamNet Bridge

Phuong Nam makes distress sale of stakes in CGV cinemas
Phuong Nam Culture Joint Stock Co. planned to sell its remaining 7.5 percent stake in Vietnam’s largest cinema chain, CGV.
— VnExpress

Foreign real estate brokers flock to hot Vietnam market
Foreign real estate brokers, one after another, have landed in Vietnam to take advantage of a market that has been heating up in the last four years.
— VietnamNet Bridge

Family time on Vietnam tour means learning how to cook classic dishes
A new 10-day holiday-season tour for families explores Vietnam’s culture and landscape, with a focus on cooking.
— Los Angeles Times

In Vietnam, early-season floods warn of climate change risks to come
The floods came early this year in Tua Sin Chai, a remote village in Vietnam’s northern highlands. In June, heavy rainfall unleashed landslides that tumbled through this hillside village, killing a family of four.
— Irin News

ASIAD 2018: Vietnam’s sport delegation honoured
A programme was held at the My Dinh national stadium on September 2 evening to honour outstanding athletes of the Vietnamese sports delegation for their successes at the 2018 Asian Games (ASIAD) in Indonesia.
— VietnamNet Bridge

 

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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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