Vietnam morning news for January 7

Vietnam morning news for January 7

Vietnam morning newsPetroVietnam Power Corp Readies For Multi-Billion IPO This Month
PetroVietnam Power Corporation (PV Power), the country’s second largest power producer, will list on the Ho Chi Minh City stock exchange on January 14 with an expected market capitalisation of $1.5 billion.
— Investvine

Suspended businesses rise by 50%, a worrying sign: economists
More than 90,600 enterprises had to suspend operation in 2018, a sharp increase of 50 percent over the year before, which economists described as “worryingly high”.
— Viet Nam Net

Nearly 60 percent of construction firms expect stable, better business in Q1
As many as 59.6 percent of domestic construction enterprises expect stable or better business in the first quarter of 2019, while 37.5 percent of firms said that they are likely to meet more difficulties, according to a survey launched by the General Statistics Office (GSO).
— VNA NET

Aviation infrastructure projects receive more private investment
Sun Group, FLC and IPP have poured money into aviation infrastructure, which was once thought to be beyond private investors’ capability.
— Viet Nam Net

Viettel Has Plans To Expand To North Korea, Cuba
Viettel Group, Vietnam’s largest mobile network operator wholly owned and operated by the Ministry of Defense, has plans to expand to socialist sister countries North Korea and Cuba, both of which are in the early stages of building up mobile phone networks.
— Investvine

Industrial park installs solar system
Skylight, a joint venture between BCG Energy and Indefol Engineering Solutions, on January 4 put into operation a rooftop solar power system at the Dinsen Industrial Park in the southearn province of Long An.
— Viet Nam News

Vietnam’s auto industry stimulating real estate
The growth of the Vietnamese automobile industry has had a positive impact on industrial real estate.
— Viet Nam Net

Top 10 securities firms with largest brokerage share, fund certificates announced
The Ho Chi Minh Stock Exchange (HOSE) on January 5 announced the top 10 securities companies with the largest brokerage share and fund certificates in the fourth quarter of 2018.
— VNA NET

Logistics industry faces labour shortage
Logistics, considered an industry with huge contributions to the development of the economy, has not lived up to its potentials due to human resources shortage.
— VNA NET

Hanoi cuts pavements to fight congestion
Hanoi authorities are destroying pavements to widen the streets as an attempt to curb congestion, according to a decision by the Department of Transport.
— Viet Nam Net

Việt Nam to test 5G mobile network this year
Việt Nam will enhance its telecommunications infrastructure, expand its broadband network and develop 5G mobile connectivity this year.
— Viet Nam News

76.6 million USD veggie processing plant inaugurated in Tay Ninh
Lavifood Joint Stock Company officially put into operation its Tanifood vegetable and fruit processing plant in the southwestern province of Tay Ninh on January 6, hoping to make international-standard products for export to the US, the European Union, the Republic of Korea, Japan and Australia.
— VNA NET

New circular on securities-related service prices
The Ministry of Finance has issued new securities-related service regulations for trading organisations and commercial banks doing business in Viet Nam’s securities market.
— Viet Nam News

State-owned banks hold upper hand over private banks
State-owned banks, all with huge capital, continued to show their strength in 2018.
— Viet Nam Net

Lack of policies blocking blockchain progress
Despite being seen as a potential blockchain development nation, Việt Nam lacks a proper legal framework which may prevent the country maximise benefits from the emerging industry.
— Viet Nam News

Nearly 70 blood donation points nationwide for Tet
There are now nearly 70 places for blood donation throughout the country in anticipation of the coming lunar New Year, the longest festival in Vietnam, organizers of the drive announced at a ceremony in Hanoi on January 6.
— VNA NET

New FiT mechanisms to bolster renewables
Vietnam is set to reform its policies to attract more renewable energy investment in the time to come.
— Viet Nam Net

South-eastern provinces enjoy high growth, trade surplus
Vietnam’s south-eastern provinces have reported not only high economic growth in 2018 but also a trade surplus.
— VNA NET

Two Vietnamese dollar billionaires made their fortune from instant noodles
Two Vietnamese dollar billionaires and other well-known businessmen started their careers by making instant noodles.
— Viet Nam Net

Bicycles granted to poor students in northern region
A total of 330 bicycles worth nearly 500 million VND (21,500 USD) have been presented to poor students with excellent academic performances in northern localities.
— VNA NET

Building equality among foreign realty investors
Long gone are the days when foreign investors could legally own only properties in Vietnam by forming a joint venture with a local company to develop a real estate project.
— Viet Nam Net

Son Doong cave named on Lonely Planet’s bucket-list trips
Son Doong, the world’s largest known cave located in Vietnam’s central province of Quang Binh, has been ranked third among the worldwide bucket-list trips for 2019 by Lonely Planet, a prestigious travel guide magazine.
— VNA NET

Consumers increasingly look online to buy household services
Following the boom of e-commerce, the number of apps allowing users to pay for services has increased dramatically.
— Viet Nam Net

Mekong Delta farmers expand clean veggie, fruit farming area
Farmers in the Mekong Delta are sowing various vegetables and fruits for harvest ahead of Tet (Lunar New Year) next February.
— VNA NET

Dragon Capital becomes shareholder in top three brokerages
Dragon Capital, a Ho Chi Minh City-based fund management company, has become a major shareholder in Vietnam’s three biggest securities firms.
— VNA NET

Two Vietnamese dollar billionaires made their fortune from instant noodles
Two Vietnamese dollar billionaires and other well-known businessmen started their careers by making instant noodles.
— Viet Nam Net

Life insurance forecast to grow 25 percent this year
The life insurance industry will grow at over 25 percent this year, according to the Insurance Association of Vietnam (IAV).
— VNA NET

Solar power system installed at Dinsen IP in Long An
Skylight, a joint venture between BCG Energy and Indefol Engineering Solutions, has put into operation a rooftop solar power system at Dinsen Industrial Park (IP) in the Mekong Delta province of Long An.
— VNA NET

Thanh Hoa City police chief suspended in bribery investigation
Colonel Nguyen Chi Phuong, director of the Thanh Hoa City Police, has been suspended for allegedly taking a VND260 million bribe from a former police officer.
— Viet Nam Net

Grab’s acquisition of Uber scrutinised
The Ministry of Industry and Trade (MoIT) has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Vietnam.
— VNA NET

Central province approves hi-tech farms
The central province of Quảng Nam has approved hi-tech farming and agriculture park projects in Thăng Bình District and the township of Điện Bàn on 425 hectares of land with total planned investment of VNĐ5.4 trillion (US$239 million) by 2024.
— Viet Nam News

San Chay’s ritual recognised as national intangible heritage
“Le hoi cau mua” (bumper-crop praying ceremony) of the San Chay ethnic minority group in the northern province of Thai Nguyen was granted the status of national intangible cultural heritage at a ceremony held in Tuc Tranh commune, Phu Luong district on January 5.
— VNA NET

Leading officials visit workers ahead of Tet
Politburo member and permanent Secretary of the Party Central Committee Tran Quoc Vuong on January 6 visited workers at the Ha Phong garments for export company in the northern province of Bac Giang on the occasion of the coming traditional lunar New Year (Tet), the longest and most important annual festival in Vietnam.
— VNA NET

Macadamia, chestnut, almond plant opens
Việt Bảo Ký Agricultural Products Processing Co., Ltd on Thursday opened and put into operation the Tân Ký-Bảo Ký factory, processing macadamia, chestnuts and almonds, in the central province of Thừa Thiên-Huế.
— Viet Nam News

‘Inside This Peace’ named Best Documentary at California film fest
Vietnamese filmmaker Linh Nga’s ‘Inside This Peace’ has won the prize for the Best Feature Documentary at the California Women’s Film Festival.
— VNA NET

Workshop highlights role of private economy in globalization
The private economic sector has greatly contributed to promoting socio-economic development of the country, heard a workshop in the Mekong Delta province of Bac Lieu on January 5.
— VNA NET

Leader of protection racket at Long Bien market arrested
The Hanoi Investigative Police late yesterday, January 4, issued a decision to prosecute and temporarily detain Nguyen Kim Hung, alias Hung “Kinh”, head of a goods loading team in the city’s Long Bien market.
— Viet Nam Net

Business households need to receive due respect: VCCI chairman
Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc has emphasised the need to attach due importance to the role of business households so as to fuel economic growth with greater strength.
— VNA NET

Ex-leader of Vietsovpetro prosecuted for abusing position, power
The Supreme People’s Procuracy has prosecuted Tu Thanh Nghia, former General Director of the Vietnam-Russia oil and gas joint venture Vietsovpetro, for “abusing position and power to appropriate assets”.
— VNA NET

Admin reform must be a continuous resolve
The reform of administrative procedures must be a ‘non-stop resolve’, that’s the message from Minister, Chairman of the Government Office Mai Tien Dung who spoke to Vietnam News Agency about challenges facing administrative reforms
— Viet Nam Net

Dak Nong ensures adequate power supply for Cambodia’s Mondulkiri
The power company of the Central Highland province of Dak Nong has splashed out tens of billions of VND on upgrading its electrical systems to ensure there is a sufficient power supply for Cambodia’s Mondulkiri province.
— VNA NET

Macadamia, chestnut, almond plant opens
Việt Bảo Ký Agricultural Products Processing Co., Ltd on Thursday opened and put into operation the Tân Ký-Bảo Ký factory, processing macadamia, chestnuts and almonds, in the central province of Thừa Thiên-Huế.
— Viet Nam News

 

Feature photo Quangpraha

 

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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