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BUSINESS NEWS IN BRIEF 24/10

Haravan launches business support solution on Zalo, AIA: Vietnam facing critical illness "financing gap", Viettel Telecom introduces interactive TV service, HCMC collects VND1 trillion for State budget per day

Will Vietnam businesses become export agents for China?

VietNamNet Bridge - Economists have warned that the Vietnam economy will “bear a lot of damage from the US-China trade war”.

Apple’s vendors plan to relocate some factories to Vietnam

VietNamNet Bridge - The manufacturers of phone components and accessories for Apple have sent word intimating that they may relocate factories to Vietnam. 

Organic fertilizer still not popular in Vietnam

Organic agricultural production has been expanding in Vietnam, but very few made-in-Vietnam organic fertilizer products are marketed.

Tay ethnic culture preserved in Xuan Giang commune

Over 90% of the population of Xuan Giang commune in Ha Giang is Tay ethnic minority people. Local authorities have established Folk Artisans’ Associations to preserve and develop their traditional cultural identities.

How high is the salary expected by university lecturers?

VietNamNet Bridge - Salaries for lecturers of state-owned universities are based on their service length and contributions in accordance with the wage scale. 

PM sets Vietnam-Romania trade target at over 500 mln USD

 Prime Minister Nguyen Xuan Phuc received Romanian Minister for Business Environment, Commerce, and Entrepreneurship Stefan Radu Oprea in Hanoi on October 23.

Football: women’s team determined to pass AFC U19 qualifier

 The national women’s football team is resolved to pass the qualifier round of the Asian Football Confederation (AFC) U19 Women’s Championship hosted by Vietnam this year.

Foreign leaders congratulate President Nguyen Phu Trong

 Leaders of China, Laos, Cuba, and Russia have cabled congratulatory messages to General Secretary of the Communist Party of Vietnam Nguyen Phu Trong on his election as the President of Vietnam.

Poor ethnic households equal 52.7 per cent of VN’s total

 VietNamNet Bridge – The number of poor ethnic minority households accounts for 52.7 per cent of the country’s total poor households, according to Do Van Chien, Minister-Chairman of the Committee for Ethnic Minority Affairs.

Ha Tinh’s resettlement residents thirsty for a decade

 VietNamNet Bridge – Families in the central province of Ha Tinh who were relocated 10 years ago to make way for a development project still have no access to fresh water.

Nam and Khanh win at Vietnam F4 Futures

 VietNamNet Bridge – Vietnam’s top tennis pair Ly Hoang Nam and Le Quoc Khanh defeated Congsup Congcar and Kaliyanda Poonacha on the third day of the Việt Nam F4 Futures – Hải Đăng Cup 2018, 

Over 160 tonnes of caged fish die in Tien Giang

More than 160 tonnes of fish raised in floating cages on Cai Nho River in Tan Thanh Commune in the Mekong Delta Province of Tien Giang have died over the past few days, incurring an initially estimated loss of up to dozens of billions of dong.

SSC rethinks acceptance of non-voting depository receipts

 Viet Nam’s securities watchdog, which disallowed companies from issuing non-voting depository receipts (NVDR) in 2015, is reconsidering the move.

VN exporters lack FTA knowledge

 Most Vietnamese enterprises lack awareness about free trade agreements (FTAs) the country plans to sign with other countries, especially the EU-Viet Nam Free Trade Agreement.

Speculators inflate housing prices: Ministry of Construction

 Housing prices in Viet Nam lack stability and are inflated beyond most citizens’ ability to afford them, according to the Ministry of Construction’s report submitted to the 14th National Assembly.

Tech drives Vietnam investment

 A Viet Nam Report survey on the 500 most profitable companies in the country said most business insiders expect technology to remain the leader in attracting investment.

Ceiling rates for airfares unchanged

 The Ministry of Transport will keep the ceiling rates for airfares unchanged despite proposals from airlines to increase the rate.

Painting by Vietnamese artist sets record at auction

A silk painting featuring a woman holding a paper fan by noted painter Nguyen Nam Son, co-founder of the Indochine Fine Arts college, shocked experts after being sold for 440,000 euro (US$504,300) at an auction sale

Works by two renowned Vietnamese ceramic artists on display in Hanoi

 VietNamNet Bridge – An exhibition featuring works by two popular Vietnamese ceramic artists – Nguyen Trong Doan and Nguyen Bao Toan – is ongoing at the Vietnam National Fine Arts Museum.