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Mitsui & Co invests $155 million in Vietnamese seafood company

Japanese-based Mitsui & Co. Ltd said on May 16 it has sealed a 155-billion-USD deal to acquire 35.1 percent of Minh Phu Seafood Corporation – a major shrimp farming business in Vietnam.

 

VAMC aims to resolve $2.14bil of bad debts this year

The Vietnam Asset Management Company (VAMC) plans to handle $2.14 billion worth of bad debts in 2019, and issue special bonds to purchase $856 million of non-performing loans.

 

Outstanding scientific researches honoured with Tran Dai Nghia Award

Four outstanding scientific researches with high applicability were honoured with the Tran Dai Nghia Award by the Vietnam Academy of Science and Technology (VAST) at a ceremony in Hanoi on May 17.

 

Ministry, World Vision join hands to end violence against children

A cooperation agreement on implementing the World Vision International (WVI)’s initiative of ending physical violence against children at home and school was signed between the Ministry of Education and Training and WVI today.

 

Prime Minister asks Brazil to open market wider for Vietnam’s farm produce

PM Nguyen Xuan Phuc asked Brazil to facilitate the entry of Vietnamese farm produceduring a reception for Brazilian Minister of Agriculture, Livestock and Food Supply Terresa Cristina Correa in Hanoi on May 17.

 

One-month National Assembly meeting to kick off on May 20

The National Assembly will convene its 7th session on May 20, and conclude the session on June 14, the legislature’s General Secretary Nguyen Hanh Phuc said at a press conference on May 17.

 

Concert celebrates President Ho Chi Minh

A concert featuring Vietnamese contemporary concerto and dance will be held at the HCM City Opera House on May 18 to celebrate the 129th birthday of President Ho Chi Minh on May 19.

What’s needed to shift towards higher-quality investment?

Vietnam has come a long way since the doi moi reforms. Its success in attracting foreign direct investment has been evident.

Cultural festival to connect people on Vietnam-Laos border

An upcoming festival is aiming to bring together people living along the border of Laos and Vietnam.

 

Poachers under investigation into national park’s deforestation

Police in Bo Trach District in central Quang Binh Province have started legal proceedings against six more people involved in a deforestation case at Phong Nha-Ke Bang National Park.

Vietnam Airlines, Bamboo Airways scramble for pilots

Chair of Vietnam Airlines Pham Ngoc Minh says the nation’s flag air carrier is planning to raise wages for its pilots equal to 90 percent of the average level in Southeast Asia.

Online platform for public assets trading to be developed

The Ministry of Finance plans to develop an electronic trading system for public assets, deputy minister Tran Xuan Ha announced on Thursday.

Vietnamese gov’t tightens scrap import

The Government has recently issued Decree 40 to guide the Law on environmental protection especially to amend and supplement regulations on scrap imports for production materials.

 

Vietnam leverages foreign investors in SOE privatization

The State Bank of Vietnam has issued new regulations to further facilitate foreign investors in taking part in the privatization and divestment of State-owned enterprises (SOEs) in the country.

Ministry of Health alerts people to measles outbreaks

In its document, the Ministry of Health alerted people to measles outbreaks in Vietnam and in the world.

 

5G warmly welcomed in Vietnamese telecommunications market

The pilot of 5G technology is planned to be carried out in 2019 in Vietnam so that in 2020, the country will become one of the first in the world to formally offer this service.

BIM to be widely applied in construction in Vietnam

The Ministry of Construction cooperated with the Vietnam National University – HCMC to hold a conference discussing the utilization of Building Information Modeling (BIM) in construction.

 

US market no longer comfortable for Vietnamese enterprises

The US Government has recently increased import tariffs on goods imported from China which in short term might create certain advantages for exported goods of Vietnam.

Contemporary Vietnamese music and dance highlighted

On May 18 the HCMC Ballet, Symphony Orchestra and Opera presents an event in which contemporary Vietnamese music occupies the first half of the program and contemporary Vietnamese dance the second.

 

Tax reduction for medium-sized firms may prompt unfair competition: ministry

If a corporate income tax reduction is proposed for micro, small and medium enterprises as a whole, nearly all enterprises will be subject to the incentive, which may lead to unfair competition among them.