Vietnam morning news for March 20

Vietnam morning news for March 20

Vietnam morning newsPower efficiency programme aims at 7 percent cut in consumption
Prime Minister Nguyen Xuan Phuc has approved a national programme on efficient and economical use of power in 2019-2030, aiming to save 5-7 percent of power consumption nationwide from 2019-2025.
— VNA NET

Vietnam grows fastest in mobile payment among emerging countries
Among emerging countries, Vietnam recorded the strongest increase of mobile payments at 61% in 2019 from a 37% growth rate year earlier, according to PwC’s latest Global Consumer Insights Survey.
— Vietnam Insider

PetroVietnam and Petronas sign gas agreement
Vi?t Nam National Oil and Gas Group (PetroVietnam) and Malaysian oil and gas corporation Petronas last week in HCM City signed a heads of agreement (HOA) for the sale and purchase of additional gas to Cà Mau gas, power and fertiliser complex.
— Viet Nam News

Enterprise survey to focus on support sectors
The 2019 enterprise survey will focus on collecting information to access the status of support industries in manufacturing and processing and logistics, according to the General Statistics Office (GSO).
— VNA NET

VN rice industry needs to establish value chains
After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Viet Nam – though not by much.
— Bizhub

Da Nang city welcomes new investment waves
Many major domestic and foreign investors have pumped capital into the central city of Da Nang in the first months of this year.
— VNA NET

HCM City among world’s eco-tourism destinations for digital nomads in 2019
Ho Chi Minh City has been named among the top eco-tourism tips and destinations for digital nomads in 2019 to shoeborn your work around them, according to the Blue & Green Tomorrow, the magazine for Ethical Investment, Socially Responsible Investors, Green Investment.
— Vietnam Insider

Vietnamese firms attend Seafood Expo North America
As many as 15 major Vietnamese seafood enterprises are attending the 2019 Seafood Expo North America, formerly known as the Boston Seafood Show, in the United States.
— Bizhub

More than 800 new realty firms set up in two months
The real estate sector saw 840 new enterprises established in the first two months of this year, 5.3 percent of the country’s total new firms during the period.
— VNA NET

Amendmends to enterprise, investment laws must promote SOE efficiency
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Viet Nam Association of Financial Investors (VAFI).
— Bizhub

EVN sees sharp drop in power loss
Power loss in Vietnam Electricity (EVN)’s systems has reduced sharply over the years thanks to the firm’s efforts to better manage the power network, especially in transmission and distribution.
— VNA NET

Ðà Nang grants value certificate to six local products
The central city of Ðà Nang has awarded the “Ðà Nang Value 2018” certificate to six locally-made products in a move to encourage the production of unique local goods serving tourists.
— Viet Nam News

Hanoi tops world highest office yield: Savills
The Vietnamese capital city of Hanoi recorded the highest office yield in the world for the second half of 2018, with a market yield of 8.57 percent, according to the Savills World Office Yield Spectrum.
— VNA NET

Amendmends to enterprise, investment laws must promote SOE efficiency
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vi?t Nam Association of Financial Investors (VAFI).
— Viet Nam News

Petrol prices kept unchanged from latest adjustment
The Ministry of Industry and Trade and Ministry of Finance on March 18 announced that petrol prices will be kept unchanged compared to the latest regular adjustment.
— VNA NET

Alpha Books introduces self-publishing platform
A Vietnamese book firm has introduced a platform that allows authors to publish books by themselves, the first of its kind in Vietnam.
— Vietnam Insider

Hoa Sen exports 15,000 tonnes of steel sheets to EU
Steelmaker Hoa Sen Group (HSG) exported 15,000 tonnes of steel sheets to the UK, Germany and Italy late last week.
— Viet Nam News

Reference exchange rate up 8 VND on March 19
The State Bank of Vietnam (SBV) set the daily reference exchange rate on March 19 at 22,960 VND per USD, up 8 VND from the previous day (March 18).
— VNA NET

Vietnamese firms attend Seafood Expo North America
As many as 15 major Vietnamese seafood enterprises are attending the 2019 Seafood Expo North America, formerly known as the Boston Seafood Show, in the United States.
— Viet Nam News

Vietnam joins biggest seafood expo in North America
Fifteen leading Vietnamese enterprises is taking part in the Seafood Expo North America, the biggest annual event of its kind in the region, which opened in Boston, the US, on March 17.
— VNA NET

Phone exports to Israel increase sharply
Exports of telephones and components from Vi?t Nam to Israel hit US$39.3 million in February, a month-on-month surge of 91.9 per cent.
— Viet Nam News

Amendments to enterprise, investment laws must promote SOE efficiency
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).
— VNA NET

A Directive needed to improve VN’s performance in 2019: PM
Prime Minister Nguy?…n Xuân Phúc wants a plan in place to help local businesses drive the country to fulfil economic targets this year.
— Viet Nam News

Death sentences given to three drug traffickers
The Hanoi People’s Court on March 18 sentenced three people to death and one to life imprisonment for drug trafficking by air.
— VNA NET

Warburg Pincus targets to acquire The Grand Ho Tram in Vietnam
Several sources have informed IAG that integrated resort The Grand Ho Tram in Vietnam has been targeted for acquisition by American private equity firm Warburg Pincus, LLC.
— Vietnam Insider

Da Nang responds to Earth Hour 2019
The central city of Da Nang has worked to launch a number of activities to respond to the Earth Hour 2019, which is slated for March 30.
— VNA NET

A Directive needed to improve VN’s performance in 2019: PM
Prime Minister Nguyen Xuan Phuc wants a plan in place to help local businesses drive the country to fulfil economic targets this year.
— Bizhub

Sentences upheld for five members of anti-State organisation
The High-Level People’s Court in Ho Chi Minh City on March 18 upheld imprisonment penalties given to five defendants for “attempting to overthrow the people’s administration”.
— VNA NET

3M, Amazon, Qualcomm seek cooperation on technology and innovation with Vietnam
Major US high-tech corporations including 3M, Dow, Amazon and Qualcomm are seeking cooperation in technology and innovation with Vietnam, according to the Ministry of Science and Technology (MST).
— Vietnam Insider

Vietnam-Japan Friendship Concert to take place in Hanoi
A Vietnam-Japan Friendship Concert, themed ‘Spring of Music and Friendship’, will take place at the L’Espace Centre in Hanoi on March 20.
— VNA NET

 

Feature photo United Nations Photo

This week’s Vietnam morning news photo features World Water Day, March 22.

 

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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