Vietnam Morning News For March 13

VN aviation authority will not grant licences for Boeing 737 MAX 8 aircrafts
The Civil Aviation Authority of Việt Nam (CAA) said it is not considering granting licences for the use of Boeing 737 MAX 8 aircraft in the country after the series was involved in two deadly crashes within five months that left no survivors.
— Eleven Myanmar

HCM City attracts over 1 billion USD in FDI in Jan-Feb
More than 1.02 billion USD of foreign direct investment (FDI) was registered for projects in HCM City in the first two months of the year, according to the Ministry of Planning and Investment.
— VNA NET

Textile-garment exports fetch 4.89 billion USD in two months
The country’s textile-garment export turnover reached 4.89 billion USD over the past two months, up 19 percent year-on-year, according to the Ministry of Industry and Trade (MoIT).
— VNA NET

Auto industry crucial to Vietnam’s industrial development: PM
The automobile industry, which is a high-tech industry, holds an important role to the industrial development of the country, Prime Minister Nguyen Xuan Phuc has said.
— VietnamPlus

Vietnamese company succeeds in developing lithium battery
Power Centric, a Vietnamese company based in the Saigon High-tech Park, has succeeded in developing a lithium battery technology called Mopo for use in electric bikes.
— Nhan Dan Online

Government orders greater efforts to stablise macro-economy
The Government has highlighted the need to strengthen macro-economic foundation and control inflation in a resolution recent released at its regular monthly meeting.
— VNA NET

VN to build plan for CLV trade promotion
Representatives of Cambodia, Laos and Vietnam have agreed to assign Vietnam to devise an action plan for effectively implementing the Agreement on Trade Promotion and Facilitation in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area, signed in 2016 in Siem Reap town.
— The Phnom Penh Post

Vietnam’s investment in Laos continued to decline due to lack of capital
Investment of Vietnamese companies in Laos continues to decline due to lack of capital revolving The special relationship is that Vietnam will invest in Laos soon.
— VOA

PV Power raises capital for thermal power projects
The PetroVietnam Power Corporation (PV Power) is accelerating the raising of 32 trillion VND (1.4 billion USD) for its Nhon Trach 3 & 4 thermal power plants.
— VNA NET

Vietnam’s Yeah1 sells top YouTube multi-channel network two months after acquisition
Yeah1 Group, the Vietnamese media giant that owns a handful of multi-channel networks (MCN) on YouTube, announced on Monday it had completed a deal to sell a just-acquired MCN, following an incident involving its relation with the Google-owned video-sharing platform.
— Vietnam Insider

Experts propose higher fuel tax
Researchers of the Central Institute of Economic Management (CIEM) have proposed the Government levy special consumption tax rate for bio-fuel equal to half of the rate for gasoline.
— Bizhub

US largest trade delegation ever visits Viet Nam
The US-ASEAN Business Council (US-ABC) launched a conference in Ha Noi on Monday with the largest trade delegation ever sent from the US to Viet Nam in the organisation’s 35-year history.
— Bizhub

More legal foundation created for repo market
The Master Agreement for Repo Transactions was introduced at the annual meeting of the Vietnam Bond Market Association (VBMA) held in Hanoi on March 12, with 17 members of the association signing an MoU on the use of the master agreement.
— VietnamPlus

Orders for wooden product exports soar
Orders for furniture exports have risen strongly so far this year over the same period last year as demand has risen, according to Huỳnh Quang Thanh, chairman and CEO of Bình Dương-based Hiệp Long Fine Furniture Company.
— Viet Nam News

Government orders greater efforts to stablise macro-economy
The Government has highlighted the need to strengthen macro-economic foundation and control inflation in a resolution recent released at its regular monthly meeting.
— VietnamPlus

US largest trade delegation ever visits Việt Nam
Over 50 leading US companies has set foot in the capital city to explore business opportunities in activities organised by the US-ASEAN Business Council (US-ABC).
— Viet Nam News

National E-Document Exchange Platform launched
The Government Office held a ceremony in Hanoi on March 12 to launch the National E-Document Exchange Platform, a move towards a digital government and economy.
— VietnamPlus

Fake news on social networks must be strictly handled: official
Nguyen Huy Ngoc, Chief of the Secretariat of the Party Central Committee’s Commission for Information and Education, has urged competent agencies to strictly handle fake social network accounts in the names of agencies and individuals to post false information.
— VNA NET

Hanoi to restrict bikes on some routes en route to total ban
In a rehearsal for a total ban in downtown Hanoi, a pilot motorbike restriction will be enforced on some streets.
— VnExpress

VIB aims for 24 per cent pre-tax profit growth in 2019
Vietnam International Bank (VIB) has set a target of earning a pre-tax profit of VNĐ3.4 trillion (US$146 million) in 2019, up 24 per cent year-on-year.
— Viet Nam News

Tan Son Nhat Airport ranked worst in Vietnam
Tan Son Nhat International Airport was bottom in term of service quality in a 2018 survey for local airports.
— Vietnam Insider

Hoa Binh strives to gain over 1.4 billion USD in import-export value
The northern province of Hoa Binh plans to raise its import-export value to more than 1.4 billion USD in 2019, of which exports are expected to contribute 790 million USD.
— VNA NET

Thailand offers loans for Cambodia, Laos, Myanmar and Vietnam entrepreneurs
The government’s Peace Commission has focused on informal talks with armed ethnic groups to move the peace process forward, amid a lack of substantive progress since the National League for Democracy (NLD) came to power in 2016.
— Myanmar Times

Vietnam attends at UN’s largest meeting on gender equality
Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung is attending the 63rd session of the UN Commission on the Status of Women (CSW) – the UN’s largest gathering on gender equality and women’s rights – which began at UN headquarters in New York on March 11.
— VNA NET

Vietnam-Myanmar relations increasingly substantive: officials
The Vietnam-Myanmar Joint Committee for Bilateral Cooperation held its ninth meeting in Hanoi on March 12, during which its members shared the view that the countries’ comprehensive cooperative partnership is becoming increasingly substantive.
— VietnamPlus

Vietnam makes progress in promoting civil and political rights
Vietnam detailed its efforts and achievements in protecting and promoting civil and political rights at a UN Commission on Human Rights meeting in Geneva on March 11.
— VNA NET

CPTPP helps drive Canadian firms’ interest to Vietnam
A conference was held in Toronto, Canada on March 11 to help Canadian small-and-medium-sized enterprises (SMEs) study the Vietnamese market with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) effective.
— VNA NET

Top startup trends in Vietnam confirm hi-tech bias
The most funded startup categories in Vietnam last year were all based on advanced technological applications.
— VnExpress

Reference exchange rate revised down 1 VND
The State Bank of Vietnam (SBV) set the daily reference exchange rate on March 12 at 22,949 VND per USD, down 1 VND from the previous day.
— VNA NET

Deputy PM urges speeding up cash flow
Deputy Prime Minister Vương Đình Huệ has urged relevant ministries, localities and sectors to hasten the disbursement of public investment capital.
— Viet Nam News

Council set up to review Long Thanh int’l airport project
Prime Minister Nguyen Xuan Phuc recently decided to establish the State Council to review the feasibility report for the first stage of the Long Thanh international airport construction project.
— VNA NET

Working regulations for steering committee on industrialisation strategy issued
Deputy Prime Minister Trinh Dinh Dung has recently issued the working regulations of the Steering Committee for Vietnam’s Industrialisation Strategy within the Vietnam – Japan cooperation framework until 2020 with a vision to 2030.
— VNA NET

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