Van Don International Airport to open on December 30

Van Don International Airport in the northeastern province of Quang Ninh will officially open on December 30.

Enjoy a 5-star vacation in Phu Quoc for only VND1.8 million/night

VietNamNet Brigde - On the occasion of the New Year 2019, the 5-star resort hotel Premier Residences Phu Quoc Emerald Bay has launched an attractive incentive program for travelers who book rooms from now until January 31, 2019.

Manufacturing sector draws most interest from foreign investors

 The manufacturing and processing sector garnered the most interest from foreign investors in 2018, attracting 16.58 billion USD, or 47 percent of the registered capital.

BUSINESS NEWS IN BRIEF 28/12

First FujiMart opens in Ha Noi, Techcombank chairman’s son raises stake to 3.95%, State Treasury raises $7.09 billion via G-bonds, Viettel Group embraces industry 4.0, Effective mechanism needed for animal husbandry sector           

VN's trade surplus estimated at $7.21 billion this year

 The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year.

Vietnam's GDP growth rate in 2018 highest in 11 years

 Vietnam’s Gross Domestic Product (GDP) grew by 7.08 percent in 2018, the highest in the past 11 years, the General Statistics Office (GSO) announced on December 27. 

Seven CAAV teams set up to keep special watch over Vietjet Air

 The Civil Aviation Authority of Vietnam (CAAV) has set up seven teams to keep special watch over the budget carrier Vietjet Air from December 28, 2018 to January 15, 2019.

Vietnam’s stock market capitalisation reaches $170.93 billion

Vietnam’s stock market capitalisation rose 13.5 percent against the end of last year, reaching a record high of 3.98 quadrillion VND (170.93 billion USD), according to the State Securities Commission (SSC).

Vietnam to build 160 stations for global navigation satellite system

 Vietnam plans to build 160 stations to serve its Global Navigation Satellite System (GNSS), aiming to increase the system’s accuracy and nationwide coverage.

Social News 28/12

HCM City trade unions ensure happy Tết for labourers, Hundreds of families in Kien Giang long for clean water, Oil spill causing headaches, Đà Nẵng police bust online gambling ring, Vietnam improves HIV care and support services

This year’s CPI expands 3.54 percent from 2017: GSO

 2018 is considered a successful year in controlling inflation as the average consumer price index (CPI) rises by 3.54 percent from 2017 and 2.98 percent from last December, meeting the CPI growth target of under 4 percent.

PM chairs last monthly Government meeting of 2018

Prime Minister Nguyen Xuan Phuc chaired the Government’s regular meeting on December 27, during which he shared that Vietnam’s GDP growth rate rose 7.08 percent in 2018 – the highest ever in the past 11 years.

Vietnam has 23.3 million young people

 The number of young Vietnamese people aged from 16-30 is estimated at 23.3 million in 2018, accounting for 24.6 percent of the country’s population, down 0.6 percent against the previous year.

ASIAD gold medalist named most outstanding athlete in 2018

 Track and field athlete Bui Thi Thu Thao, who won a gold medal for Vietnam at the 2018 Asian Games in Indonesia in August, has overcame other rivals to become the most outstanding athlete of Vietnam in 2018.

Taiwan detains 11 alleged fleeing Vietnamese tourists

 Eleven out of 152 Vietnamese tourists who were suspected of fleeing in Taiwan were detained by the local authorities for investigation, according to the Vietnam Economic and Cultural Office in Taipei.

Vietnamese producers have upper hand in snack food market

VietNamNet Bridge - A survey has found that Vietnamese youth spend VND13 trillion a month on snacks. 

Will CCTV cameras help eliminate physical abuse incidents at schools?

Many parents have urged schools to install CCTV (closed circuit television) cameras in classes to prevent teachers’ abuse of students, but experts say the it will not solve the problem.

Malware using AI could appear in 2019, experts say

VietNamNet Bridge - Experts from BKAV Corporation, the Vietnamese cybersecurity firm, have predicted that malicious codes using AI may turn up in Vietnam in 2019 under the form of PoC (proof of concept). 


Urban areas experiencing more flooding after heavy rains

VietNamNet Bridge - Experts have found a link between urbanization and the increased risk of flooding from heavy rainfall.

VNPT to spend $1 billion on MA

 The Viet Nam Posts and Telecommunications Group (VNPT), the country’s largest telecom operator, plans to spend US$1 billion on mergers and acquisitions (M&A) in technology enterprises.

SCIC wastes State capital in real estate projects

 The State Capital Investment Corporation (SCIC) has made inappropriate investments that led to inefficient use of State capital, according to the State Audit of Vietnam (SAV).

Quota for raw tobacco imports in 2019 proposed

 The Ministry of Industry and Trade (MoIT) is drafting a decree for imports of 56,284 tonnes of raw tobacco (HS code 2401) under a tariff quota in 2019.

Pharma sector expects solid growth

 Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, with nearly 80 per cent of firms anticipating an annual industry growth rate of more than 10 per cent.

National Tourism Year to kick off

 VietNamNet Bridge – An art performance will light up Nha Trang in the central coastal province of Khanh Hoa on December 31 to celebrate New Year’s Eve and announce the National Tourism Year 2019.

BUSINESS NEWS IN BRIEF 27/12

 State capital at construction firm LICOGI handed over to SCIC, Mining group looks to higher revenue in 2019, Quang Ninh prioritises advertising air routes to Van Don airport, Solutions to helping end loan-sharking: conference