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Chinese steelmaker HBIS expands capacity in Vietnam

 China’s second largest steelmaker, Hebei Iron and Steel Group, is reportedly to buy controlling stakes in NatSteel Holdings and Tata Steel from Indian Tata Steel for US$327 million, as it plans to expand capacity in Southeast Asia, including Vietnam.

BUSINESS NEWS IN BRIEF 29/1

South Africa remains Vietnam’s biggest trade partner in Africa, Hanoi’s CPI increases 0.22 percent before Tet, AMRO: 2019 GDP growth at 6.6%, High-tech application in planting black pepper

Work on HCM City’s 1st metro route to be hastened

 VietNamNet Bridge – The HCM City Urban Railway Management Board (MAUR) will work with contractors, consulting firms and others to speed up the city’s first metro route between Ben Thanh and Suoi Tien, 

Job openings as firms relocate from China to VN

 VietNamNet Bridge – Recruitment demand, especially senior positions in consumer electronics and real estate, is expected to increase as more companies relocate from China to Vietnam,

Will IKEA be successful in Vietnam?

VietNamNet Bridge - IKEA, the furnishings group from Sweden, plans to invest 450 million euros to develop its retail and storehouse network in Hanoi.

U23 goalkeeper Dung signs for Ha Noi FC

 VietNamNet Bridge – Goalkeeper Bui Tien Dung signed a one-year contract with V.League 1 defending champions Ha Noi FC on Monday.

About 80% of Vietnamese in Cambodia have gained legal recognition

 VietNamNet Bridge – About 70-80 per cent of Vietnamese living in Cambodia have gained the country’s legal recognition that paves the way for them to obtain Cambodian citizenship, 

Vietnam seeks models of solid waste treatment technology

 Vietnam’s current daily-life solid waste management has not met the requirements of environmental protection as it has not been managed and disposed in a safe way.

CPTPP gives Vietnam upper hand in negotiating trade deal: Economist

 Being the deal’s co-founder, Vietnam has the rights to accept or refuse a third country joining the CPTPP, while future participants could not propose too many new clauses to the deal as they must accept existing conditions.

Sweden pushes for innovation, safe Internet surfing in Vietnam

 Following the success of the first edition of the Vietnam Internet Forum (VIF) in November 2017, the embassy will hold the second edition on March 20 and 21, 2019.

Home is where the heart is for these Vietnamese expats

 VietNamNet Bridge – For Dinh Khac Cu, this year’s Tet (Lunar New Year) is set to be the most special yet.

VN car importers getting hang of new rules

 Despite initial hiccups, most of Viet Nam’s car firms are now complying with import rules that were tightened early last year, according to Deputy Prime Minister Trinh Dinh Dung.

Vietcombank’s charter capital reaches US$1.6 billion

 The charter capital of (Vietcombank has increased by 3 per cent to VND37.1 trillion (US$1.6 billion) after it sold selling shares to strategic investors Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.

Philippines imposes provisional safeguard measures on cement imported from Vietnam

 The Philippines Department of Trade and Industry (DTI) has decided to impose provisional safeguard measures on cement imported from various countries, including Viet Nam.

New circular on certificates of origin issued

 The Ministry of Industry and Trade has issued Circular No 03/2019/TT-BCT stipulating the certificates of origin (C/O) rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam to build product origin portal

 The Prime Minister approved the ‘Scheme of deploying, applying and managing the traceability system’ with the goal to build and operate a portal on national product and goods traceability by 2020.

Government News 29/12

Hanoi leader lauds LDS Church’s performance, Condolences sent to Philippines over terror bombings, Japanese navy airplanes visit HCM City, Vietnamese, Chinese leaders exchange New Year greetings

Tet drives up demand for organic products in Vietnam

 Despite their high prices, demand for organic products like rice, fruits and vegetables has increased sharply, more so ahead of Tet (Lunar New Year) holiday.

Chung cake making village hustles ahead of Tet

Tranh Khuc village in Thanh Tri District, Hanoi, specialises in making Banh Chung (rice cake). It is hastily producing the festive delicacy for the Lunar New Year festival, which begins in one week.

Singapore Slingers beat Saigon Heat in ABL

 VietNamNet Bridge – The Saigon Heat were defeated by the Singapore Slingers 87‒80 in the ASEAN Basketball League (ABL) on Sunday.