Vietnam faces threat of trade deficit in 2019

Vietnam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.

Decree sets requirements for foreign-invested vocational training institutions

The Vietnamese Government has issued a series of conditions required to set up a foreign-invested vocational training institution in Vietnam, expected to take effect from March 20.

Central region told to develop tourism as key economic sector

The Central and Central Highlands Region has been told to work harder to make tourism a key economic sector of the whole region.

Mong ethnic minorities’ culture introduced in France

 Forty nine objects featuring the Mong ethnic minority group are being displayed at the La Rochelle Natural History Museum of France’s Nouvelle Aquitaine region from January 31 till December 31, 2019.

Art of command in 1979 northern border defence war

 The northern border defence war in 1979 has demonstrated Vietnam’s strength and intelligence in critical situations. 

Huawei targets 5G network equipment deals in Vietnam amid worldwide boycott

 China’s Huawei Technologies believes it stands a good chance of being chosen to supply 5G network equipment to Vietnam’s mobile carriers, Fine Fan, the Chinese company’s local chief executive told Nikkei Asian Review in an interview. 

EVFTA to create turning point in Vietnam – EU relations

 There is no doubt that the EVFTA would create a turning point in Vietnam – EU relations, said Nicolas Audier, co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), in an interview with the Dau Tu (Investment) Newspaper. 

VinaCapital offloads Vietnam’s FPT stake worth over US$7 million to foreign investors

VinaCapital, through VOF Investment Limited, has offloaded nearly 3.9 million shares of leading IT firm FPT Corporation to Australia’s Macquarie Bank and Florida Retirement System in a deal worth VND170 billion (US$7.34 million).

Japan’s Taisho Group to raise stake Vietnam’s DHG Pharmaceutical to 35%

 Japan-based Taisho Pharmaceutical has registered to purchase an additional of nearly 1 million shares in Vietnam’s DHG Pharmaceutical, lifting its holding in the latter to nearly 35%.

Viettel and Vinaphone attract customers via mobile number portability

Viettel and Vinaphone proved winners during the three-month trial period of offering the mobile number portability (MNP) service to customers, while Mobifone struggled to keep customers, according to Vietnam Telecommunications Authority.

Schönberg’s musical work “Pierrot Lunaire” to be performed in HCMC

 MAM. Manufaktur für aktuelle Musik group from Germany will perform the contemporary version of Arnold Schönberg’s musical work “Pierrot Lunaire” at the HCMC Conservatory of Music on February 19.

Spring-themed exhibition opens in Hanoi

 A spring-themed exhibition is running at the Center of Art-Photography Exhibition in Hanoi to depict spring from artists’ diverse dimensions.

Processed vegetable production bringing high profits to companies

VietNamNet Bridge - Small production areas for refining and processing vegetables and fruits are now bringing big job opportunities to enterprises.

Utilising FTAs to improve businesses

Vietnam’s accession to the CPTPP, and the enforcement of the EVFTA will set a string of challenges for local government and businesses to adopt an Industry 4.0 model in ­Vietnam.

Protecting national sovereignty with international publications

VietNamNet Bridge - The absence of research-oriented training and paltry budget for scientific research have been cited to explain the low number and quality of internationally published articles in social sciences in Vietnam.

Ministry seeks to lower taxable prices of domestic cars

 The Ministry of Finance is studying a plan to cut the prices for the calculation of special consumption tax on locally made cars with nine seats or below. 

Many patients in critical condition due to H1N1 flu

 Hanoi-based Bach Mai Hospital recently admitted many patients infected with the H1N1 bird flu, who were all in critical condition. 

VEC must lift ban on vehicle circulation on expressways by February 28

 The Directorate for Roads of Vietnam has asked Vietnam Expressway Corporation (VEC) to abolish its practice of banning vehicles from traveling on its expressways by February 28 as it does not have the mandate to issue such rules.

Smuggled poultry risk spread of diseases

 Poultry and cattle smuggled into Vietnam can potentially trigger an outbreak of infectious diseases, such as H5N1 and H7N9 bird flu and African hog cholera, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Procuracy appeals verdict of court in Vu Nhom case

 The Hanoi People’s Procuracy has lodged an appeal over part of the municipal court’s first-instance verdict against Danang-based business tycoon Phan Van Anh Vu, alias Vu Nhom, and his accomplices, the local media reported.

Transport Ministry proposes expediting terminal T3 project at TSN airport

 The Ministry of Transport has proposed the prime minister urge the Commission for the Management of State Capital at Enterprises to make a final decision on the solution for investing in Terminal T3 at Tan Son Nhat International Airport 

Vietnam faces threat of trade deficit in 2019

 VietNamNet Bridge – Vietnam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.

Average income in telecommunications through the roof

 Even as the high average income of the employees of Vietnam Posts and Telecommunications Group (VNPT) surprised the online community, VNPT is not the highest payer by far.

Ministry of Transport proposes to manage ride-hailing apps as taxis

 Entire under nine-seat cars operating under the ride-hailing application may be managed as taxi operators, according to newswire Bizlive.vn.

Coffee shop villa in Da Lat attracts visitors

 A coffee shop located in a villa in Da Lat city, in the central highland province of Lam Dong, has proved popular with visitors who enjoy its unique classical design and green trees.