BUSINESS NEWS IN BRIEF 1/10

Over 96,600 new firms established in nine months,EVFTA motivates Bulgarian firms,Vietnam’s export value to US reaches record high in August,Cashless payment needs a boost in rural areas

Investment funds’ money funnelled to technology firms

VietNamNet Bridge - More large-scale investment funds are being set up, and the value of investment deals is increasing, especially in technology startups. 


Ministry sets stricter emission standards, old cars to disappear from circulation

VietNamNet Bridge - By mid-2018, Vietnam had more than 184,120 vehicles over 20 years old, of which 2,613 passenger vehicles with over nine seats had expired. 

Vietnam to develop eSIM technology

VietNamNet Bridge - A large mobile network operator will develop eSIM, the nascent technology which is expected to change the world in the near future.

Education Publishing House: is it making a profit or taking a loss? The controversy continues.

VietNamNet Bridge - The Education Publishing House (EPH) reported that it incurs a loss of VND40 billion each year in printing and distributing textbooks.

HCM City wants a US$64m theatre

HCM City People's Committee has proposed to build an international standard VND1.5trn (USD64m) theatre in District 2.

Committee for State Capital Management makes debut

 The Committee for Management of State Capital (CMSC) has just made its debut on September 30.

HCM City eyes sensor development

 HCM City authorities are seeking to promote micro electro mechanical systems technology, which plays an important role in the fabrication of sensors.

PV Power to shift listing to HOSE

 PV Power is proceeding to shift its listing from the Unlisted Public Company Market (UPCoM) on the Ha Noi Stock Exchange to the Ho Chi Minh Stock Exchange, which is expected to be completed in October or November.

Property sector calls for rethink on bank loans

 The new restriction on banks of using only 40 per cent of their short-term deposits for long and medium-term loans should not take effect next year, the HCM City Real Estate Association has said.

Real estate collateral at 10 banks worth $170 billion

 Real estate collateral in 10 of Viet Nam’s commercial banks is worth more than VND4 quadrillion (US$170.2 billion), accounting for 56 per cent of the banks’ total collateral.

Plastic waste must be recycled: experts

 Plastic waste is a resource that needs to be collected, sorted and recycled. Non-reusable solid waste should be moved to a waste treatment plant, said a representative from the Ministry of Construction. 

Vietnamese athletes head to Asian Paralympic Games

 Vietnamese athletes will take part in the Asian Para Games which will start in mid-October in Indonesia.

Hanoi amateur football league to kick off

 The Hà Nội Premier League is scheduled to kick off on October 6 at the C500 Stadium.

Viet Nam to take part in Asian Para Games

 Vietnamese athletes will take part in the Asian Para Games which will start in mid-October in Indonesia.

Hanoi rapid alert system to tackle food safety violations

 The People’s Committee of Hà Nội has approved a plan to deploy a rapid alert system on food safety for the 2018-20 period.

HCM City schools teach kids to collect, recycle milk cartons

 Kids at HCM City’s Tân Bình District Kindergarten on Friday saw a skit that showed them how to push straws into empty cartons after drinking milk and then flattening, folding and disposing of the cartons properly.

HCM City set to increase parking fees in public areas

 HCM City authorities have decided to increase parking fees at all lots run by private operators in the inner city from October 1.

Food safety violators slapped with US$594,700 in fines

 Nearly 28,000 out of 154,000 food businesses in Hà Nội were found to have violated food safety regulations and faced fines of more than VNĐ14 billion (US$594,700) since August last year.

Four Vietnamese aboard Papua New Guinea’s plane overshooting runway

 There are four Vietnamese citizens among passengers aboard a plane of Papua New Guinea’s Air Niugini that missed the runway on September 28, according to the Vietnamese Embassy in Indonesia. 

PM’s working trip to UN headquarters is fruitful bilaterally, multilaterally: official

 Deputy Foreign Minister Nguyen Phuong Nga has highlighted the outstanding outcomes of Prime Minister Nguyen Xuan Phuc’s working trip to the headquarters of the United Nations in New York City, the US, on September 27.

Nearly 1 tonne of elephant tusks, pangolin scales uncovered in Hanoi

 Customs officers of Noi Bai International Airport on September 28 seized nearly one tonne of elephant tusks, ivory products and pangolin scales transported from Nigeria. 

Remains believed to be pilots found 47 years after plane crash

 Remains believed to be two pilots, who have been listed as missing for 47 years, were found in the Tam Dao mountain area on September 28.

More than 10,000 people join Fund Run for Charity in HCM City

 More than 10,000 people joined the Fun Run for Charity, 18th edition held by British Business Group Vietnam (BBGV), in District 7 in Ho Chi Minh City on September 30.

Vietnamese sugar mills struggle to compete

 Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Vietnam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.