BUSINESS IN BRIEF 11/7

Over 2.8 trillion VND raised from G-bonds, Country’s most modern poultry processing plant built in Thanh Hoa, Opportunities, challenges for accounting, auditing in Industry 4.0, Da Nang Port handles over 774,000 tonnes of cargo in June

Social News 11/7

 HCM City police complimented for anti-terrorism efforts, Training course on UXO actions opened for military officials, Vietnam attends World Cities Summit in Singapore, Young scientists voluntarily join agricultural restructuring

Banks rush to complete more M&A deals

VietNamNet Bridge - Many banks have succeeded in scaling up their operation through M&As, but others have taken on new burdens.

In shipping market, technology determines success

VietNamNet Bridge - The strong rise of online sales has brought great opportunities to the transport industry, especially light cargo transport. 

Derivatives market more attractive to investors

 The derivatives market proved its attractiveness when the value of transactions in the second quarter doubled the amount recorded in the previous quarter to over 417.7 trillion VND (18.4 billion USD), according to the Hanoi Stock Exchange.

Deputy PM gives direction to prevent 'double' inflation

 Deputy Prime Minister Vuong Dinh Hue has asked the State Bank of Vietnam (SBV) to actively and proactively direct monetary policy.

Hanoi likely to see 21 stagnant key projects in 2020

 Twenty-one socio-economic projects in Hanoi are likely to lag behind schedule in 2020, reported Director of the municipal Department of Planning and Investment Nguyen Manh Quyen in a meeting on July 10 between Hanoi’s leaders and heads of districts.

Lai Chau to evacuate people in landslide-prone areas

 The northern mountainous province of Lai Chau is preparing to evacuate local residents in areas prone to landslides as it braces for complicated weather over the next few days.

Five-star hotel room rate rebounds in 2017: Survey

The average room rate for five-star hotels in Vietnam in 2017 recovered from a 2.2 percent decline from the previous year, picking up 4.2 percent to 107.6 USD, according to a recent survey by Grant Thornton.  

Discipline imposed on MIC’s Party Civil Affairs Committee

 The Secretariat of the Communist Party of Vietnam Central Committee has decided to issue a warning as a disciplinary measure against the Party Civil Affairs Committee of the Ministry of Information and Communications.

Vietnam, Russia oil and gas firms step up cooperation

 Chairman of PetroVietnam Tran Sy Thanh and Chairman of the Management Committee of Russian gas group Gazprom Alexey Miller discussed a broad array of future cooperation fields at their recent working session in Moscow.

Vietnam’s automobile sales drop 6 percent in first half

 Automobile sales in the two first quarters of 2018 went down 6 percent compared to the same period last year to reach 125,659 units, the Vietnam Automobile Manufacturers’ Association (VAVA) reported on July 10. 

Government News 11/7

Congratulations to Thailand on successful rescue of trapped football team, NA Standing Committee to convene 25th session on July 11, Prime Minister chairs meeting on special administrative-economic units

Timber sector asked to closely track US-China trade war

 The Vietnam Timber and Forest Production Association (VIFORES) has called on the forestry industry to keep a close eye on US-China trade war developments in order to be able to respond quickly. 

Vietnam Airlines adjusts Taiwan flights due to Typhoon Maria

 Vietnam Airlines is to change its operation plan for flights from and to airports in Taipei and Kaohsiung of Taiwan during July 10-11 for safety reasons as Typhoon Maria is forecast to hit the region on July 10.

Foreign firms eye Vietnam’s plastics

 The massive increase in the number of M&A deals involving foreign investors is putting pressure on Vietnam’s plastics industry.

Giant river prawns recover in Mekong Delta after long decline

 After a long period of decline, the last two years have seen an increase in output of giant river prawns in the Mekong Delta.

Ancient citadel in Thanh Hoa province faces erosion

 The 600-year-old citadel in the central province of Thanh Hoa is facing serious erosion caused by heavy rains.

Japan triumphs at int’l table tennis tourney in HCM City

 Japan’s team took the first place in the overall rankings at the 32nd Open Golden Racket International Table Tennis Tournament 2018, which wrapped up in Ho Chi Minh City on July 7.

Drug addiction drives youngsters to commit crimes

 Drug addiction among young people has remained high and is the main cause of crimes among them, with half of young addicts having committed crimes, according to the Ministry of Labour, Invalids and Social Affairs.

Vietnam to meet Australia in AFF women’s champs

 VietNamNet Bridge – Vietnam’s women’s football team will meet U-20 Australia in the semi-final of the AFF Championship on July 11 at the Bumi Sriwijaya Stadium in Indonesia.

European firms optimistic about Vietnam’s business environment

 European firms continued to be optimistic about the business environment in Vietnam, according to the EuroCham’s latest Business Climate Index.

Malaysian friends in Hanoi bid farewell to Ramadan

 Malaysia is well-known for its multi-ethnic culture, with the many ethnic groups maintaining separate cultural identities. 

85 travel enterprises receive annual tourism awards

Eighty-five leading travel enterprises were honoured at the Việt Nam Tourism Awards 2018 organised on Monday in Hà Nội by the Việt Nam National Administration of Tourism and Việt Nam Tourism Association.

Government News 10/7

Ambassador highlights good results in Vietnam-Cambodia economic ties, Deputy Defence Minister receives Indian, Israeli military attachés, Minister urges synchronous measures to deal with natural disasters