Social News 5/7

Institutional improvement must for effective disaster prevention, Awards ceremony for “Savour Vietnam” photo, video, writing contest, Fisherman support model helps enhance law enforcement at sea

BUSINESS IN BRIEF 5/7

Morocco willing to share sustainable energy experience, 1H FDI disbursement at $8.37 bn, Local demands swell animal feed production and IT application, PVEP surpasses oil and gas exploration, financial targets

Vietnam cashew industry: the more exports, the bigger losses

VietNamNet Bridge - Vietnam is still the Number 1 cashew exporter in the world with 65 percent of market share, but cashew companies are facing problems such as lack of raw materials.

Developing a domestic wind turbine industry – which way for Vietnam?

VietNamNet Bridge - A conventional wind turbine (> 1 MW) comprises 8,000 components, many of which Vietnam could manufacture.  

Coal-fired thermal power plants threaten Mekong Delta environment

VietNamNet Bridge - Under the national power development plan in 2011-2020 (seventh plan) approved by the Prime Minister in 2016, a series of coal-fired power plants will be built in the Mekong Delta.

How do Vietnam’s two schools in the QS ranking fare in research capacity?

VietNamNet Bridge - Scientific research remains one of the weakest points of Hanoi and HCMC National Universities, which appeared in the QS 2019 ranking.

VN banks report rosy first-half profit picture

 Banks expect a buoyant profit picture in the first six months of this year in the wake of positive credit growth and rising incomes from the services segment.

Vietnam expresses concern about Czech legislator’s remark

 The Vietnamese Embassy in the Czech Republic has expressed deep concern about the remark on Vietnam made by Lubomir Zaoralek, Chairman of the Czech Chamber of Deputies’ Foreign Affairs Committee, at the committee’s meeting on June 21.

Vietnam seeks to promote trade, investment ties with Brazil

 Deputy Prime Minister Vuong Dinh Hue on July 3 visited Sao Paulo, the largest financial and industrial hub of Brazil and the North American region, as part of his ongoing visit to Brazil.

Mid-term Vietnam Business Forum opens in Hanoi

 The mid-term Vietnam Business Forum (VBF) 2018, themed “Linkage between domestic and FDI businesses – Partnership for mutual benefit”, opened in Hanoi on July 4. 

Community tourism tours begin in Ca Mau

Ca Mau Province is organizing a familiarization trip, titled, “Study on Ca Mau’s tourism destinations,” to introduce local tourism spots to tourists.

ASEAN Tourism Forum to be held in Ha Long next year

 ASEAN nations have agreed with Viet Nam’s proposals on the contents and topic of the annual ASEAN Tourism Forum (ATF 2019). 

Nine laws to become effective on July 1

 Nine new laws will become effective on July 1, 2018, including the Law on Public Debt Management; Law on amendments and supplementations to some articles of the Law on Overseas Representative Missions of the Socialist Republic of Vietnam.

L’Usine holds int’l exhibitions in HCMC

 L’Usine is hosting "Water is Life" art exhibition by New York-based artist Sto Len at its outlet on Dong Khoi Street and “Season Energeia” exhibition by Japanese artist Yohei Yama at L’Usine Le Thanh Ton. 

Facebook shuts down Hello, Moves and tbh apps

 Facebook is retiring three apps, blaming low user numbers. One, an anonymous social media app aimed at teenagers called tbh, is less than one year old.

VN central bank ready to intervene in forex market

The central bank will absolutely intervene in the forex market if problems with demand and supply affect macroeconomic stability, the governor of the central bank, Le Minh Hung, said.

Japanese firm’s acquisition of Saigon Paper legitimate: Ministry

The Vietnam Competition Authority has reviewed a consulting application regarding the potential monopoly created by local paper firm Saigon Paper and Japan’s Sojitz, concluding that the acquisition does not violate anti-trust law.

FPT to test self-driving autos in city's hi-tech park

FPT Software has received approval of the Ministry of Transport, via a statement, to deploy an autonomous vehicle test in Saigon Hi-Tech Park, according to FPT’s website.

Vietnam, Brazil sign air transport pact

Vietnam and Brazil have struck a bilateral agreement on air transport, facilitating future cooperation between their airlines. The signing took place on July 2 while Deputy PM Vuong Dinh Hue was visiting Brazil.

Showcase “The Age after Divinity” by Nguyen Manh Hung

Manzi Art Space will present a series of new works entitled “The Age after Divinity” by Hanoi-based surrealist Nguyen Manh Hung, whose playful, irony-laden work has been turning heads in the contemporary art scene of Vietnam.

Investors balk at PPP projects lacking minimum revenue guarantees

 Despite keen interest in traffic infrastructure development projects in Vietnam, Japanese investors are unlikely to participate in public-private partnership (PPP) projects without minimum revenue guarantees.

MobiFone increases maximum capacity for data packages

In order to meet the demand of customers, Mobifone increased the data capacity of the basic Mobile Internet 3G/4G packages by more than 6 times from July 1 abg the prices of these packages remain unchanged.

Sanitation problems in school toilets to be fully addressed: Prime Minister

The Minister of Education and Training reported the high school exit exam, new textbooks and sanitation in schools that the public have raised concern over recently at the conference between the government and local authorities yesterday.

Half of Saigon man’s lung cut due to fishbone bedding

 A 41-year-old man in HCM City has undergone a surgery to cut half of his lung because doctors discovered fish bone in his lung which was oozing pus causing him to cough for long time.

HCMC asks for self-determination over infrastructure projects

 HCM City would like to be given self-determination over project investment to speed up the progress of many infrastructure projects,said city Chairman Nguyen Thanh Phong at a conference between the central Government and local authorities yesterday.