Vietnam morning news for April 29

Vietnam morning news for April 29

Vietnam morning newsLong-delayed solar power plant opens in central Vietnam
A long-delayed solar power plant inaugurated in the central province of Quang Ngai gives renewable energy production a boost.
— VnExpress

Petrolimex focus on divestments and restructuring in 2019
Việt Nam National Petroleum Group (Petrolimex) will focus on divestments and restructuring in 2019, implementing unfinished tasks from last year, the company’s management board announced at its annual shareholders’ meeting on Friday.
— Viet Nam News

PM urges property laws to be finalised
The Prime Minister has asked the Ministry of Construction (MoC) and relevant ministries to complete the legal system regarding the local property market to ensure sustainable development, according to the Prime Minister’s direction issued on April 23.
— Bizhub

Kien Giang’s district expands two-stage industrial shrimp farming
An Minh district in the Mekong Delta province of Kien Giang is expanding a two-stage industrial farming model to breed white-legged shrimp which offers high incomes to farmers and protects the environment.
— VietnamPlus

HoREA offers proposals to help real estate firms access long-term bank loans
The HCM Real Estate Association (HoREA) has suggested the State Bank of Viet Nam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.
— Bizhub

Kim Jong Un: US acted in bad faith at Vietnam talks
Talks between North Korea and US over sanctions and denuclearisation ended abruptly in February.
— Aljazeera

Growing environmental awareness in Vietnam
With one of the most dynamic economies in the world and an expected GDP growth in 2019 of 6.8%, Vietnam currently struggles to minimize one of the major drawbacks of rapid development, pollution.
— Asia Times

Men Still Have an Edge in Vietnam’s Gender-Equal System
If a basic value of communism is equality, then men and women in the Socialist Republic of Vietnam would appear to have reached it.
— VOA

Japan’s Stripe likely to become top women’s apparel seller in Vietnam
TOKYO — Casual clothing company Stripe International plans to expand its Vietnam operations before rivals Fast Retailing and Ryohin Keikaku make their own forays into the country.
— Nikkei Asian Review (paywall)

4,770 cyberattacks hit Vietnam in Q1 2019
In the first quarter, 4,770 cyberattacks were recorded in Vietnam, more than half the figure for the whole of last year.
— VnExpress

Vietnamese Police Nab 22 in $1.3-Billion Illegal Betting Ring Crackdown
Police in the Southeast Asian nation busted recently what could be the biggest illegal gambling ring operating on the territory of the country
— Casino News Daily

Flying high: Vietnam hot air balloon fest woos enthusiasts
Rainbow-coloured hot air balloons ferried giddy visitors over Vietnam’s ancient city of Hue on Sunday for a festival organisers hope will kickstart a passion for flying in the tourist hotspot.
— FMT

Vietnamese, Chinese public security bodies boost cooperation
Deputy Minister of Public Security Nguyen Van Thanh held talks with his Chinese counterpart Liu Zhao in Beijing on the sideline of the second Belt and Road Forum for International Cooperation (BRF), which ran from April 25 – 27.
— VietnamPlus

Vietnam’s Government Hospitals Explore Private Financing
Vietnam is officially a socialist republic, but the country is starting to make parts of its health care system private.
— VOA

PM’s attendance at BRF enhances Vietnam’s role in global integration
Prime Minister Nguyen Xuan Phuc’s attendance in the second Belt and Road Forum for International Cooperation (BRF) from April 25-27 in Beijing has affirmed Vietnam’s goodwill and role in international economic integration, said Deputy Foreign Minister Le Hoai Trung.
— Nhan Dan Online

AC Energy begins solar operation in Vietnam
The Ayala group’s AC Energy and its Vietnamese partner BIM Group have switched on their $294-million, 330-megawatt solar farm here, one of the largest in Southeast Asia.
— Inquirer.net

Vietnam’s Vingroup takes aim at Samsung and China’s Oppo
Vietnam’s richest man, Pham Nhat Vuong, is stepping up his efforts to grab a share of the domestic smartphone market from foreign rivals such as South Korea’s Samsung.
— Financial Times

High productivity key for Vietnam to pursue inclusive growth
Vietnam’s manufacturing labor productivity remains around a quarter of China’s and Malaysia’s, one third of Indonesia’s and the Philippines’, a half of India’s and Thailand’s, and just around 7% of Japan’s and South Korea’s.
— The Hanoitimes

Landmark 81 among three fireworks locations in HCMC on Reunification Day
Fireworks will sparkle at three locations in Ho Chi Minh City, including Landmark 81, the tallest building in Vietnam, to celebrate Vietnam’s Reunification Day later this month.
— Vietnam Insider

Foreign leaders extend condolences to Vietnam over former President’s death
Leaders of China, Laos, Cambodia and Cuba have sent messages and letters of condolence over the death of former President Le Duc Anh to leaders of the Communist Party of Vietnam (CPV), the State, Government, National Assembly and people of Vietnam, and the family of the deceased.
— Nhan Dan Online

Innovation helps Vietnam firms enhance competitiveness
The statement was made by Dang Nguyen Anh, Vice President of the Vietnam Academy of Social Sciences (VASS), at a conference to announce the Report on Productivity and Competitiveness of Vietnamese Enterprises, published by VASS, the Ministry of Planning and Investment and the United Nations Development Programme (UNDP), on Friday in Ha Noi.
— Eleven Myanmar

Nghe An Power Company receives second-class Labor Medal
The Nghe An Electricity Company organised a ceremony to celebrate the 60th anniversary of the construction and development of Nghe An Power Company and receive the second-class Labor Medal, in Vinh city, Nghe An province, on April 27.
— Nhan Dan Online

Vietnam’s first mobile virtual network operator officially launched
Indochina Telecom Company, the first mobile virtual network operator has been launched officially in Hanoi – which becomes the sixth telecoms provider operated in Vietnam.
— Vietnam Insider

Vietnam at core of ‘Global Britain’ in Southeast Asia: trade commissioner
There is no surprise that Vietnam lies in the heart of this strategy’s approach toward Southeast Asia if taking the UK-Vietnam trade relations into account, a British trade commissioner has said.
— Tuoi Tre

Vietnam asked to speed up payment for Japanese-funded metro line in HCM City
The majority of Japanese official development assistance (ODA) to Vietnam goes to infrastructure projects.
— The Hanoitimes

Vietnam stock gains on EU trade pact hopes; Thailand drops
Vietnam equities ended higher on Friday boosted by positive cues from an impending free trade pact with the European Union, while Thai markets dropped in overall subdued trade across Southeast Asia ahead of U.S. economic growth data.
— Tuoi Tre

Carlsberg, Habeco make breakthroughs in negotiations on stake sale
Carlsberg, which currently holds a 17.34% stake in Habeco, has the right of first refusal for any stake sale from the Hanoi-based beer company, expressed interest in raising the stake, but discussions have dragged for years.
— The Hanoitimes

First-time ever in Vietnam, VIB to debut Zero Interest Rate Credit Card
Vietnam International Bank (VIB) just debuted the VIB Zero Interest Rate Credit Card – which offers free of interest rate for all card expenses for customers of the bank.
— Vietnam Insider

Vietnam police bust $1-billion illegal online gambling ring
Police in Vietnam broke up an online gambling ring that had handled more than $1 billion in bets and arrested 22 people, reports said Saturday, April 27, in what is believed to be the largest-ever internet betting operation in the communist country.
— Rappler

Chinese visitors in Vietnam drop for 4 months consecutively
According to the Vietnam National Administration of Tourism (VNAT), the country saw a decline in the number of Chinese tourists from last December to April.
— Sggp News

Google Station, global free wifi service available in Vietnam
Google Station ít a global free Wi-Fi initiative of the Internet giant, which allows partners to roll out Wi-Fi hotspots in public places by providing software and advice on hardware to turn fiber connections into Wi-Fi.
— Vietnam Insider

Innovation helps firms enhance competitiveness
Revitalisation and innovation are indispensable for Vietnamese businesses to improve their competitiveness.
— Bizhub

Vietnam Reunification Day Celebration in Vietnam
Reunification Day, Victory Day or Liberation Day or the official name of Day of liberating the South for national reunification is a public holiday in Vietnam on April 30 annually.
— Vietnam Insider

Aiming at deep tech startups, SGInnovate partners with five new co-investors
The new co-investors are Elev8.VC, Golden Gate Ventures, GREE Ventures, ST Engineering Ventures, and Verge Capital Management SGInnovate has named five new co-investors that will join the company to “further strengthen the ability to assess and invest in exciting deep tech startups.
— e27

 

Feature photo WWF Seafood Sustainability

This week’s Vietnam morning news photo features World Tuna Day, May 2.

 

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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