Vietnam morning news for April 25

Vietnam morning news for April 25

Vietnam morning newsHow to find the best Location for your business in Vietnam?
Vietnam developed industrial zones to further boost foreign investment into the country. Vietnam Briefing explains the industrial park system, how a businessperson can evaluate industrial zones, and some of the advantages of setting up in an industrial zone.
— Vietnam Insider

Vietnam is fastest growing market for m-payments
Vietnam has seen the highest growth in mobile payments in the past year, according to the Global Consumer Insights Survey 2019 conducted by PwC.
— Telecom Asia

Vietnam well-positioned to develop industrial property
Vietnam is well-positioned to develop industrial property, experts said at the Vietnam Industrial Real Estate Forum 2019 in Hanoi on April 23.
— Nhan Dan Online

Vietnam: Prices drops cause farmers to dump pineapples
Over the last couple of years, farmers in Lao Cai, Yen Bai, Son La, Dien Bien and Ha Giang provinces flocked to grow pineapples to export to China. Now however, they have had to dump pineapples because the price of pineapples dropped to VND3,000 (€0.12) per kilogram.
— Fresh Plaza

Ha Noi calling for investment in nine hi-tech agricultural zones
Ha Noi is calling for investments in nine hi-tech agricultural zones with the goal of enhancing product quality, creating value chains for spearhead products and promoting exports, according to the municipal Department of Agriculture and Rural Development.
— Bizhub

Nearly 2 trillion VND invested in upgrading north-south railway
The Ministry of Transport has approved a 1.95 trillion VND (83.85 million USD) project on upgrading weak bridges along the railway connecting Hanoi to Ho Chi Minh City.
— VietnamPlus

Vietnamese firms to introduce products at South African supermarkets
South Africa is the biggest trade partner of Việt Nam in Africa, with bilateral trade exceeding US$1 billion in 2018
— Viet Nam News

How banana leaves are replacing plastic packaging in Vietnam
As the world’s fourth-largest contributor to marine plastic pollution, Vietnam has a lot to make up for. However, a recent trend in returning to natural materials for everyday use, including banana leaves for packaging and natural grass straws for drinking, has started to gain momentum.
— Lonely Planet

Banks target higher business goals, raising charter capital in 2019
Several banks approved their 2019 business targets and plans for raising capital in annual shareholders’ meetings on Tuesday
— Viet Nam News

Vinhomes Q1 profit reaches $116 million
Real estate giant Vinhomes JSC recorded a net profit of VND2.69 trillion in the first quarter, according to its newly-released consolidated financial report.
— VnExpress

Global economic integration helps Vietnam expand agri-products markets
Vietnamese agro-forestry-fishery products are now available in 180 countries and territories thanks to Vietnam’s increasing global economic integration and implementation of free trade agreements.
— VietnamPlus

Viettel posts $2.34 billion revenue in Q1
The group said the boom of 4G and increasing use of mobile data contributed to the success
— Viet Nam News

Banks target higher business goals, raising charter capital in 2019
Several banks approved their 2019 business targets and plans for raising capital in annual shareholders’ meetings on Tuesday
— Viet Nam News

Over 600 people killed by traffic accidents a month
Over 600 people are killed monthly in traffic accidents nation-wide according to a report released at a meeting held by the National Traffic Safety Committee on Wednesday.
— Vietnam Insider

National industry promotion programme must be renovated
The national industry promotion programme is set to focus more on creating breakthroughs for rural industries in enhancing productivity, quality and competitiveness of industrial and handicraft products, according to an official
— Viet Nam News

VN stocks extend gains for second day despite low liquidity
Vietnamese shares climbed on Tuesday as foreign investors eyed large-cap stocks in the VN30 basket, despite a sharp drop in trading liquidity that indicated poor market sentiment.
— Viet Nam News

Vietnam teacher arrested for impregnating 14-year-old girl
A secondary school teacher in the northern Lao Cai Province has been arrested for allegedly impregnating his 14-year-old student.
— Vietnam Insider

Large-caps rebound to push market up
Vietnamese shares moved higher on Wednesday morning, driven by large-cap companies in the VN30 basket. The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased by 0.92 per cent to close at 976.87 points.
— Viet Nam News

RoK investors offer huge opportunities for Vietnamese startups
Vietnamese startups are expected to have more opportunities to receive investment and support from Korean investors, who are coming in droves in Vietnam, experts have said.
— VietnamPlus

Vietnam’s General Le Duc Anh dies aged 99
Late on Monday, Vietnamese state media announced that General Le Duc Anh, a Communist party hardliner and former president, had passed away aged 99 “following a long illness”.
— The Phnom Penh Post

Vietnam smoking like a chimney and paying the price
Air pollution has become a serious health hazard, but Vietnam is unable to kick its smoking habit.
— VnExpress

Airlines, railways and buses add transport capacity for holiday
Airlines, railway and bus stations will increase transport capacity to meet travel demand during the Reunification Day and Labour Day holiday from April 27 to May 2.
— Viet Nam Net

Ministry gives green light to GrabTaxi in three provinces
The Ministry of Transport has given the green light to the implementation of GrabTaxi services in three provinces, including Thanh Hóa, An Giang and Đắk Nông.
— Viet Nam News

Vietnam c.bank’s reference VND/USD exchange rate at all-time high
The State Bank of Vietnam on Wednesday set the daily reference exchange rate for the dong at VND23,013 per U.S. dollar, up VND9 from the previous day and reaching the highest rate ever. With the current trading band of three percent, the ceiling rate applied by commercial banks for the day is VND23,703 to the dollar while the floor rate is VND22,322 VND per USD.
— Vietnam Insider

Entering global distribution networks good for VN businesses: conference
Entering global distribution networks is something Vietnamese businesses should strive for to take advantage of their highly competitive products, experts told a conference held yesterday (April 23) to discuss how they can be a part of AEON Group’s supply chain.
— Viet Nam News

Prime Minister sets solutions for international integration
Individuals and businesses alike should be the subject of international integration, Prime Minister Nguy�…n Xuân Phúc said during a teleconference yesterday.
— Viet Nam News

VCCI suggests central bank reconsider cash loan proposals
The Viet Nam Chamber of Commerce and Industry (VCCI) this week suggested the State Bank of Viet Nam (SBV) reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
— Bizhub

Changing management thinking to boost businesses
It was critical to change management thinking towards removing difficulties and creating favourable conditions for businesses, Mai Tiến Dũng, Minister and Chairman of the Government Office stressed at the meeting of the Prime Minister’s working group with six ministries on Monday.
— Viet Nam News

Climate change plan needs to cover vulnerable groups
Civil society organisations recommended climate vulnerability assessments in order to help the Government implement a national adaptation plan to mitigate the impacts of and respond to climate change.
— Viet Nam Net

VN stocks up on weak bottom-fishing purchases
Vietnamese shares edged up on Tuesday as investors went fishing for stocks that had been hit hard in previous days.
— Viet Nam News

Confusing Angels with VCs is a common startup mistake
And here is how you should approach Angel investors Why are Angels important? Angels provide a surprising amount of money to the local startup ecosystem.
— e27

VNR launches online payment service through VIMO e-wallet
Vietnam Railway (VNR) and NextTech Group signed an agreement in Hanoi on April 23 to offer online booking and payment services for railway tickets through e-wallet VIMO.
— VietnamPlus

Credit woes, HCMC slump loom over Vietnam real estate
LENDING and borrowing remains an issue in Vietnam’s real estate market, even as Ho Chi Minh City continues to lag Hanoi in property developments, a report has noted.
— Business Times

Viettel posts $2.34 billion revenue in Q1
The group said the boom of 4G and increasing use of mobile data contributed to the success
— Viet Nam News

Vingroup officially launches Vinhomes Smart City
Vinhomes Joint Stock Company, a member of property developer Vingroup, launched the Vinhomes Smart City project in Hà Nội on Tuesday.
— Viet Nam News

Industrial property market set to grow
The domestic industrial real estate market has been forecast to develop strongly and become an attractive segment for investors this year and beyond.
— Bizhub

Climate change plan needs to cover vulnerable groups
Civil society organisations recommended climate vulnerability assessments in order to help the Government implement a national adaptation plan to mitigate the impacts of and respond to climate change.
— Viet Nam Net

Entering global distribution networks good for VN businesses: conference
Entering global distribution networks is something Vietnamese businesses should strive for to take advantage of their highly competitive products, experts told a conference held yesterday (April 23) to discuss how they can be a part of AEON Group’s supply chain.
— Viet Nam News

Vietnam Digest: Thailand’s CP Foods to invest $200m; MSB to list on HoSE
Thai agricultural conglomerate CP Foods will invest $200 million to create an export hub in Vietnam while Hanoi-based Maritime Bank plans to list on the Ho Chi Minh City Stock Exchange (HoSE) in the third quarter.
— DealStreetAsia

HDBank targets profit up 27 per cent
Việt Nam’s Housing Development Bank (HDBank) plans to collect VNĐ5.07 trillion (US$217 million) in pre-tax profits this year, an increase of 27 per cent compared to 2018.
— Viet Nam News

This ex-Ola employee’s IoT startup aims to democratise home automation in India
Mumbai-based Habitro Labs is planning to manufacture own IoT-based home automation products and is in talks for funding to set up a plant A year ago, when Mrinal Kashyap, a Leasing Manager at Indian ride-hailing company Ola, wanted to automate his three bedroom home in Mumbai, he could not find any …
— e27

VCCI suggests central bank reconsider cash loan proposals
The Việt Nam Chamber of Commerce and Industry (VCCI) this week suggested the State Bank of Việt Nam (SBV) reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
— Viet Nam News

VN stocks up on weak bottom-fishing purchases
Vietnamese shares edged up on Tuesday as investors went fishing for stocks that had been hit hard in previous days.
— Viet Nam News

How can a Vietnam’s blockchain startup raise $3 bln from FPT and SBI?
Vietnamese tech giant FPT Corporation and Japan’s SBI Holdings have signed a memorandum of understanding to invest US$3 million in Utop, a blockchain startup in Vietnam.
— Vietnam Insider

Large-caps rebound to push market up
Vietnamese shares moved higher on Wednesday morning, driven by large-cap companies in the VN30 basket. The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased by 0.92 per cent to close at 976.87 points.
— Viet Nam News

Lotte Card begins card business in Vietnam
Lotte Card has started its credit card services in Vietnam through its subsidiary there, the card firm said Wednesday. It is the first time a Korean card firm has launched a credit card business in the Southeast Asian country.
— Korea Times

Vietnam People’s Navy ship visits Singapore
A sailing ship of the Vietnam People’s Navy anchored at Changi port on April 23, beginning a four-day visit to Singapore that lasts until April 26.
— Sggp News

Vietnamese, RoK firms set up strategic partnership
The Korean business will buy 25 million shares, worth VNĐ575 billion (USS$24.7 million), from Hòa Bình
— Viet Nam News

Ministry gives green light to GrabTaxi in three provinces
The Ministry of Transport has given the green light to the implementation of GrabTaxi services in three provinces, including Thanh Hóa, An Giang and Đắk Nông.
— Viet Nam News

 

Feature photo Lanka TEFL Training Institute

This week’s morning news photo features World Book and Copyright Day, April 23.

 

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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