Vietnam set to increase power supply to meet rising demands

Coal-fired power would still play a key role in the country’s electricity industry in the coming years.

Court announces punishments for ex-leaders of Vietsovpetro

 Two former leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro have been given prison sentences for “abusing position and power to appropriate assets”.

Centre for visa applications to Europe launched in Da Nang

 The Embassy of Belgium in Vietnam held a ceremony to open a centre for receiving visa applications to European countries, including Belgium, Germany and Italy, in the central city of Da Nang on March 22.

Vietnam has huge potential for golf tourism

 With around 40 golf courses which have modern designs and meet international standards, Vietnam holds great potential to develop golf tourism.

Billion-dollar projects remain as oil & gas group could lose big money

VietNamNet Bridge - Of 13 outward investment projects, only two projects of PetroVietnam are profitable. The other 11 projects are meeting big problems.

 

Overseas Vietnamese’s tech products make life easier

 VietNamNet Bridge – There is an islet in the Mekong Delta province of Tra Vinh which is known as a centre for research and cloud computing, reported Tuổi Trẻ (Youth) newspaper.

Heritage and development go hand in hand: experts

 VietNamNet Bridge – Protecting cultural assets and creating spaces for community activity were some solutions given during the Cities of the Future and Heritage Preservation conferences, 

With e-visa, Vietnam opens doors to more foreign travelers

VietNamNet Bridge - The extension of the e-visa policy to a wide range of countries, plus important events held in Vietnam recently, have brought golden opportunities to attract more travelers.


Indonesia's Garuda is canceling its $4.9 billion order for the Boeing 737 Max

 Indonesian airline Garuda said Friday that it's canceling a multibillion-dollar order for Boeing's 737 Max 8 passenger jet after the plane was involved in two deadly crashes in less than five months.

A farewell to art: Dao Anh Khanh and his grand finale

 VietNamNet Bridge – Stood erect in a valley some 50km from Hanoi are three sculptures made from concrete that resemble three giant penises.

Autos from Europe find narrow path into Vietnam: EuroCham

 Besides high import duties, completely-built-up (CBU) automobiles imported from Europe are also subject to strict requirements in Vietnam, leading to the shrinking of the market share of European CBU automobiles.

UK provides English course for Vietnam military officers

 The British Council in Vietnam has provided 17 officers of the Vietnamese People’s Army with an Academic English and IELTS preparation course, which is part of a training program funded by the UK Ministry of Defence.

Japanese fingerstyle guitarist Satoshi Gogo to perform in Vietnam

 Japanese fingerstyle guitarist Satoshi Gogo, who was the special guest in the Vietnam tour 2018 of Korean guitar prodigy Sungha Jung, will perform in Hanoi, Danang and HCMC early next month.

VN Oil & Gas Group clarifies US$584 million “bonuses” in suspended oil project in Venezuela

PVN noted in a statement today, March 21, that a participation bonus in the oil and gas sector it paid to Venezuela was not “commission money” but was in fact an amount of money a contractor must pay the host country when signing contracts.

VN Oil and Gas Group urged to speed up divestment from sensitive business areas

The Ministry of Finance has proposed PVN focus on expediting the divestment of domestic enterprises operating in sensitive business fields such as real estate, investment funds, securities and insurance, VietnamPlus news site reported.

VND4.2 trillion assigned for runway upgrades at Noi Bai, Tan Son Nhat

 The Ministry of Transport on March 21 asked the Government for approval to use VND4.2 trillion (US$181 million) to upgrade runways at Noi Bai and Tan Son Nhat Airports.

Health ministry asks Bac Ninh to stop tapeworm tests

 The Ministry of Health on March 21 requested the Bac Ninh government to direct the provincial Department of Health and local medical centers to stop conducting porcine tapeworm tests on children, the local media reported.

Vietnam’s local currency bond market increases by 9.3% y/y in 2018

 Vietnam’s local currency (LCY) bonds outstanding stood at VND1,180.5 trillion (US$51 billion) at the end of December, down 5.3% quarter-on-quarter, but up 9.3% year-on-year, according to ADB’s latest report of the quarterly Asia Bond Monitor. 

Hanoi moves to streamline administrative procedures

The trimming off of 34 administrative procedures in Hanoi`s industry and trade has translated into the reduction of 116 working days, saving about VND2.4 billion (US$103,200).

“Cities for People”: Danish model for Vietnam in rapid urbanization

 Given rapid urbanization, Vietnam is facing a series of problems that require large efforts to address, and “Cities for People” by award-winning Danish architect Jan Gehl would finally serve citizens in such cityscapes.

Hanoi to test 5G in 2019

 Director of the Hanoi Department of Information and Communications Nguyen Ngoc Ky stressed that Hanoi’s 5G network testing is considered a basis to promote the capital’s e-government infrastructure.

Vietnam under growing pressure to catch up with productivity of regional peers

 The gap between productivity level of Vietnam and regional peers has widened, placing growing pressure for Vietnam to catch up with those in the region, according to Vu Tien Loc, VCCI chairman.

Vietnam president warns of cadre qualifications ahead of Party congress

Competent agencies must be aware of the qualifications of state personnel before the 13th National Congress, which is slated for 2021, Secretary General of the Communist Party of Vietnam and President Nguyen Phu Trong has said. 

Warburg Pincus plans acquisition of Vietnam’s Grand Ho Tram Strip casino resort

Global private equity firm Warburg Pincus is said to be looking at acquiring Vietnam-based resort The Grand Ho Tram, DealstreetAsia reported.

South Korea’s SK Group to invest US$1 billion in Vietnam’s Vingroup: Bloomberg

 South Korea’s conglomerate SK Group, through its investment arm SK South East Asia Investment, has decided to invest US$1 billion acquiring shares of Vietnam’s leading privately run conglomerate Vingroup, according to Bloomberg.