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BUSINESS NEWS IN BRIEF 28/10

Vietcombank sees 47% rise in Jan-Sep pre-tax profit, Three pillars of Japanese ODA policy in Vietnam, Happyland assets put up for auction due to massive debts, Heart Beat to host masterclass on production of techno

Vietnam’s education makes a leap

 VietNamNet Bridge – Vietnam has jumped two positions to reach 45th place on the Global Innovation Index (GII) 2018 released by the World Intellectual Property Organisation.

Vietnam’s businesses still not tapping AEC market

Vietnam is a member of the ASEAN Economic Community (AEC), which was established three years ago. However, its businesses are not exploiting the 600 million consumer market.

The Pa Then’s “Cap sac” ritual

“Cap sac” is a ceremony to certify a man as a shaman, who can then perform worship rituals and is protected by genies. Only men are allowed to become shamans. 

Boom period for Japan investment

 With Vietnam’s strengthened bilateral ties with Japan and its improved business climate, a new wave of Japanese investment is expected to hit the country across various sectors. Khoi Nguyen reports.

Seeking "swimming path" for catfish exports

 Catfish exports are flourishing, but trade protectionism and unfavourable information campaigns also make the industry unstable. 

Disciplinary measure imposed on former information minister

 Prime Minister Nguyen Xuan Phuc has decided to impose a disciplinary measure against Nguyen Bac Son due to his violations when he served as Minister of Information and Communications for the 2011-2016 tenure.

Binh Duong province named in ICF’s Smart21 list

 The southern province of Binh Duong has become the first and only one in Vietnam to be named a Smart21 community for 2019 by the New York-based Intelligent Community Forum (ICF).

Vietnam’s U19 women crush Singapore at AFC champs

 Vietnam’s U19 women team did not let their fans down after crushing Singapore 11-0 in their second match of Group E at the Asian Football Confederation (AFC) U19 Women’s Championship at Hanoi-based My Dinh Stadium on October 26.

Women’s football team ranks 36th in FIFA rankings

 Vietnam’s women national football team have jumped one place from 37th to 36th in the FIFA’s third quarter world rankings with a grand total of 1,638 points.

Japanese experts help preserve Vietnamese antiquities

 Japanese experts have helped repair and preserve many Vietnamese antiques, Director of the National Museum of History Nguyen Van Cuong said at a conference held this week in Hanoi.

PM: Vietnam backs negotiations on future Vietnam-UK FTA

 Vietnam backs the proposal to negotiate a Vietnam- United Kingdom Free Trade Agreement, Prime Minister Nguyen Xuan Phuc said while receiving UK Ambassador to Vietnam Gareth Ward in Hanoi on October 26.

Vietnam calls for full, effective implementation of DOC

 Vietnam always calls on all concerned parties to avoid militarisation, restrain, implement the Declaration on the Conduct of Parties in the East Sea (DOC) fully and effectively, and build a practical and effective Code of Conduct in the East Sea.

Vietnamese, Cambodian provinces sign cooperation pact

 Chairman of the People’s Committee of southwestern Tay Ninh province Pham Van Tan and Mayor of Cambodia’s Kampongcham province Kouch Chamroeun on October 27 signed a new cooperation agreement between the two localities for 2018-2022.

Man smuggling 10 bricks of heroin arrested in Son La

 Border guards in the northern mountainous province of Son La and police in Moc Chau and Van Ho districts on October arrested a local man who was smuggling 10 bricks of heroin.

Demand for Vietnamese seafood on the rise

 The domestic fishing industry should promote production of tra fish and shrimp by the end of this year to take advantage of the export potential of both commodities on the world market.

AFP: Hanoi's colonial-era railway becomes selfie hotspot

 In the heart of Hanoi's busy Old Quarter, French-built railroad tracks have become a hotspot for tourists seeking the perfect Instagram selfie, and for cafe owners serving up hot coffee and cold beer.

Long Thanh among CNN list of 16 most exciting airport projects

 The Long Thanh International Airport in Vietnam’s southern province of Dong Nai has been included among a list of 16 of the most exciting airport projects under construction or redevelopment made by US news network CNN.

Hungarian professor captures Bru - Van Kieu people’s lives

 About 70 photos are on display at the Vietnam Museum of Ethnology to show the lives of the Bru - Van Kieu ethnic people of central Vietnam.

Agricultural sector takes actions against drought

 The People’s Committees of provinces and cities across the country have been ordered to outline plans to fight drought and saline intrusion in the context of low water levels in many reservoirs.