Vietnam morning news for March 29

Vietnam morning news for March 29

Vietnam morning news

Vietnam To Get First Licensed Crypto Exchange
Vietnam will get its first licensed crypto exchange after Linh Thanh Group, a large industry, real estate and trading conglomerate, and Kronn Ventures AG, a blockchain company from Switzerland’s “crypto valley” in the Canton of Zug, signed a memorandum of understanding to set such an exchange up in the country.
— Investvine

Vietnam Rubber Group taps 25,400 tonnes of latex in Cambodian province in 2018
The Vietnam Rubber Group (VRG) has reported that it tapped over 25,400 tonnes of rubber latex from its farms on a total area of 22.64ha in the Cambodian province of Kampong Thom in 2018.
— VNA NET

VN Central Bank takes steps to downsize foreign currency credit
Having bought a large amount of foreign currency to increase forex reserves, the State Bank (SBV) is continuing its strategy to downsize foreign currency credit.
— Vietnam Insider

CPI growth in first quarter lowest in three years
The consumer price index (CPI) in March fell 0.21 percent from the same period in 2018, helping the average CPI in the first quarter stay at a three-year low of 2.63 percent year-on-year.
— VNA NET

Vietnam urged to reduce logistics costs to enhance competitiveness
The World Bank made public a report on improving Vietnam’s land transport and a strategy on sustainable development of inland waterway transport in the country at a workshop in Hanoi on March 28.
— VNA NET

World’s largest ivory seizure: over nine tonnes of ivory seized in Da Nang, Vietnam
Vietnamese customs has seized over nine tonnes of ivory in a container shipment from the Republic of Congo, thought to be the largest ivory seizure ever made.
— EIA-international

Experts discuss Provincial Anti-Corruption Assessment index
The UN Development Programme and the Government Inspectorate of Vietnam jointly held a consultation workshop in Hanoi on March 28 on a report on the use of a new tool – the Provincial Anti-Corruption Assessment (PACA) index to assess anti- corruption work in provincial state agencies in Vietnam.
— VNA NET

FPT Retail forecasts 2019 profit up 20 per cent
FPT Digital Retail JSC (FRT) is aiming for VNĐ17.8 trillion (US$76 million) and VNĐ418 billion in net revenue and post-tax profit this year, up 16 per cent and 20 per cent year-on-year, respectively.
— Viet Nam News

China’s recent activities in Hoang Sa violate Vietnam’s sovereignty: spokeswoman
Vietnam has once again demanded that China respect its sovereignty over Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagoes in response to China’s live-fire drills and construction plan in Hoang Sa.
— VNA NET

RON95 petrol supply sufficient: Ministry
Supplies of RON95, one of the two main types of petrol used in Việt Nam, were still sufficient, according to the Ministry of Industry and Trade following complaints raised by some distributors about shortages.
— Viet Nam News

Vietnam invests 120 million USD abroad in three months
Vietnam’s total outbound investment in the first quarter of 2019 reached an estimated 120 million USD, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
— VNA NET

Taiwanese firm buys 20 per cent stake in Đà Nẵng Port
Taiwanese shipping company Wan Hai Lines has acquired a 20 per cent stake in Đà Nẵng Port JSC to become the new principle shareholder of the Vietnamese port.
— Viet Nam News

Vietnam National Administration of Tourism, Vietjet sign MoU
The Vietnam National Administration of Tourism (VNAT) and Vietjet Air signed in Hanoi on March 28 a Memorandum of Understanding on cooperation for 2019 – 2021.
— VNA NET

ILO wants to support Vietnam Social Security’s sustainable development
The International Labour Organisation (ILO) wants to cooperate with the Vietnam Social Security (VSS), helping the later improve its operation and boost sustainable development.
— VNA NET

Ministry proposes ACV invest in Tan Son Nhat’s third terminal
The Ministry of Transport (MoT) has proposed the Government allow the Airport Corporation of Vietnam (ACV) to invest in building a third passenger terminal at Tan Son Nhat International Airport in Ho Chi Minh City.
— VNA NET

Thailand holds MICE Roadshow in Ho Chi Minh City
The Thailand Convention & Exhibition Bureau (TCEB) organized a MICE Roadshow Thailand 2019 in Ho Chi Minh City on March 28, one of activities to promote the organization of MICE events in Thailand.
— VNA NET

Agriculture ministry, IUCN work to protect saola
The Ministry of Agriculture and Rural Development (MARD) and the International Union for the Conservation of Nature and Natural Resources (IUCN) signed a cooperation agreement in Hanoi on March 28 on the building of a protection and breeding programme for the saola, one of the rarest and most threatened mammals on the planet.
— VNA NET

Vietjet, VNAT seal co-operation deal
Vietjet will enhance its co-operation with the Việt Nam National Administration of Tourism (VNAT) following a Memorandum of Understanding (MoU) inked between the two companies on Thursday.
— Viet Nam News

Unprofitable State projects show signs of recovery
The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits.
— Bizhub

Investment information system project kicked off
The Ministry of Planning and Investment (MPI) and the Korea International Cooperation Agency (KOICA) on Thursday held a ceremony to officially kick off a project for the development of a national investment information system for the private sector.
— Viet Nam News

Da Nang customs uncovers 9.1 tonnes of goods suspected as tusks
The customs of the central city of Da Nang has discovered and detained a large amount of goods suspected to be elephant tusks.
— VNA NET

Processing key to perking up added value for Vietnamese coffee
Vietnam will process more than 25 percent of its total coffee beans by 2020 to increase the value and build brands for Vietnamese coffee products, according to the Ministry of Agriculture and Rural Development’s Processing and Market Development Authority (AgroTrade).
— VNA NET

Urgent arrest warrant issued for leader of big cross-border drug ring
The Investigation Police Department for Drug-Related Criminals under the Ministry of Public Security said on March 28 that an urgent arrest warrant had been issued for the leader of a huge trans-national drug ring connecting with the seizure of 300kg of drugs recently.
— VNA NET

Ministry proposes ACV pay for third Tan Son Nhat terminal
The Ministry of Transport (MoT) has proposed the Government allow the Airport Corporation of Viet Nam (ACV) to invest in building a third passenger terminal at Tan Son Nhat International Airport.
— Bizhub

Vietnam to launch first crytocurrency exchange
Vietnam will soon launch a new cryptocurrency exchange – the first of its kind in the country.
— VNA NET

Ministry proposes lowering CIT for SMEs
The Ministry of Finance has proposed corporate income tax (CIT) rates on small and micro businesses to be lowered from currently 20 per cent to 15-17 per cent.
— Viet Nam News

Vietnam, Laos discuss boosting labour, social welfare cooperation
Vietnamese Minister of Labour, Invalids, and Social Affairs Dao Ngoc Dung and Lao Minister of Labour and Social Welfare Khampheng Saysomepheng co-chaired the sixth Vietnam-Laos Ministerial Conference on Labour and Social Welfare in Vientiane, Laos on March 28.
— VNA NET

HCMC seeks PPP in healthcare
Public-Private Partnerships (PPP) will fail if the private and public partners do not share both risks and successes, Ousmane Dione, the Việt Nam director of the World Bank, said at an international workshop held in HCM City on Wednesday.
— Viet Nam News

Financial-monetary advisory council meets to assess growth
The National Advisory Council on Financial and Monetary Policies met on March 28 to assess the economic growth in Quarter 1 and determine factors that can affect growth in the remaining months of the year.
— VNA NET

HCM City looks to attract more Canadian investment
HCM City’s authorities would create favourable conditions for foreign investors, including those from Canada, to invest and do business in the city, according to vice chairman of the municipal People’s Committee Lê Thanh Liêm.
— Viet Nam News

Vietnam, UAE have potential for long-term cooperation
Vietnam and the United Arab Emirates (UAE) possess potential for long-term and supplementary cooperation for mutual development, Party General Secretary and State President Nguyen Phu Trong has said.
— VNA NET

Việt Nam’s biggest dairy farm opens in Tây Ninh
Vietnam Dairy Products Joint Stock Company (Vinamilk) on Wednesday inaugurated a dairy farm with more than VNĐ1.2 trillion (US$52 million) of capital in the southern province of Tây Ninh.
— Viet Nam News

Unprofitable State projects show signs of recovery
The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits.
— Viet Nam News

 

Feature photo Thangphan

 

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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