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Vietnam ready to host ASOSAI Assembly

 The preparation for the 14th Assembly of the Asian Organisation of Supreme Audit Institutions (ASOSAI) this September has been basically completed, announced the State Audit Office of Vietnam (SAV).

HCM City calls for investment in building smart city

 The Ho Chi Minh City People’s Committee has called for investment in building an Intelligent Operations Centre (IOC) and a Socio-Economic Simulation and Forecast Centre.

Transport ministry eyes new flights

 The Ministry of Transport plans to open new routes for commercial flights from nations that send tourists to Vietnam to develop tourism into one of the country’s main economic sectors.

HCM City hosts Vietnam-Japan festival

 A Vietnam-Japan Festival was held in Ho Chi Minh City on September 16 to mark the 45th anniversary of the Vietnam-Japan diplomatic relations.

Team using Vietnam’s rice drying technology wins int’l startup contest

 SunRice team from the University College of London with its rice drying model based on Vietnam’s rice grain drying technology has won the first place of the Hult Prize competition for start-ups.

Hanoi calls for votes to become world’s leading city destination

 The Department of Tourism of Hanoi has called on locals and tourists to vote for the city as the world’s leading city destination in 2018 as part of the World Travel Awards.

Committee for Vietnam – China cooperation convenes 11th meeting

 The 11th meeting of the Steering Committee for Vietnam – China Bilateral Cooperation convened in Ho Chi Minh City on September 16 .

Vietnam, RoK team up in dealing with bomb, mine pollution

 A project to deal with leftover bombs and mines has been launched in the central province of Quang Binh’s Quang Trach district as a cooperation activity between Vietnam and the Republic of Korea (RoK).

As domestic market gets saturated, investors eye foreign markets

VietNamNet Bridge - To maintain high growth after the domestic market becomes saturated, large corporations are eyeing foreign markets. 

Airlines adjust flights due to super typhoon Mangkhut

 Vietnam’s airlines have announced plans to adjust domestic and international flights on September 16-17 to avoid impacts from super typhoon Mangkhut.

Localities gear up for super typhoon Mangkhut

 Northern and north-central localities have taken measures to prepare themselves for super typhoon Mangkhut, which is forecast to bring heavy rains and whirlwind to the regions on September 17-18.

Vietnam’s F&B market - fertile ground for global franchisors

 With rapidly growing consumer demands for food and beverage (F&B) products, Vietnam - a market of more than 95 million people with rising income - is offering ample space for global franchisors to expand in the sector.

Investors race in opening convenient stores

 Foreign investors are racing to bring convenience stores to Vietnam’s nearly untapped market and battling to modernize the chains in a move to find a firm foothold in the potential outlet.

BUSINESS NEWS IN BRIEF 16/9

Blockchain technology benefits SMEs, developing countries: report, Foreign media: Vietnam, Japan call on US to rejoin CPTPP, Deal signed to boost HCM City supporting industries through fairs

High return draws private equity investments to Vietnam

 Vietnam is emerging as one of the world’s hottest markets for private equity investments thanks to its high rate of return, driven by the country’s rapidly growing economy and the government’s fine-tuned policies.

Fishing to be forbidden in Ha Long Bay’s natural reserves

 The People’s Committee in Ha Long City, in the northern province of Quang Ninh, has announced that all kinds of fishing will be banned in Ha Long Bay’s natural reserve sites as of October 1.

Concrete mixer truck-car crash kills 13 in Lai Chau

 Thirteen people were killed and three others were injured severely after a concrete mixer truck crashed into a passenger car in the northern mountainous province of Lai Chau on September 15.

Vietnam public debt projected to touch 64% of GDP in 2018: Ministry

 This results in a public debt of VND35 million (US$1,510) per capita, up nearly VND4 million (US$172,60) from the figure of VND31.3 million (US$1,350) in 2017.

Vietnam steps up vaccine production programme

 The Ministry of Health plans to use at least seven types of domestically produced vaccines as part of the expanded national immunisation programme by 2020.

Vietnam competes at Canada Open Taekwondo Championship

 Vietnam has sent six martial artists to compete at the Canada Open Taekwondo Championship which opened on September 14 at the Richmond Olympic Oval.