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Vietnam’s top ten economic events in 2018

 Here are the 10 outstanding economic events of Vietnam in 2018:

Vietnam to test 5G mobile network this year

 Vietnam will enhance its telecommunications infrastructure, expand its broadband network and develop 5G mobile connectivity this year.

Top 10 securities firms with largest brokerage share, fund certificates announced

 The Ho Chi Minh Stock Exchange (HOSE) on January 5 announced the top 10 securities companies with the largest brokerage share and fund certificates in the fourth quarter of 2018.

Logistics industry faces labour shortage

 Logistics, considered an industry with huge contributions to the development of the economy, has not lived up to its potentials due to human resources shortage.

Grab’s acquisition of Uber scrutinised

 The Ministry of Industry and Trade (MoIT) has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Vietnam.

FOX Sports Asia: Nguyen Quang Hai - hope of Vietnam

 FOX Sports Asia devoted an article in its “Players to Watch” series for AFC Asian Cup 2019 to write about Nguyen Quang Hai, describing him as “the outstanding prospect carrying the hopes of Vietnam”.

Ornamental plant sector rushes towards Lunar New Year

 As Tet (or Lunar New Year) festival draws closer, ornamental plant botanists in Hanoi have received a raft of orders for pomelo, peach blossom, and kumquat trees. 

Lack of policies blocking blockchain progress

 Despite being seen as a potential blockchain development nation, Vietnam lacks a proper legal framework which may prevent the country maximise benefits from the emerging industry.

Odd-shaped houses sprout up after street enlargement

 Many odd-shaped houses have appeared on Pham Van Dong Street in Hanoi after a project to widen the street started.

Two fallen police generals face up to 12 years in jail

 The pair were accused of infringing state regulations, allowing property tycoon Phan Van Anh Vu, aka Vu Nhom, to profit from public land appropriation.

New FTAs ignite Vietnam’s motivation for reforms

 The implementation of the commitments in the CPTPP will further promote transparency and institutional modernization.

Van Don EZ to need $70.2bn in investment by 2050

 The Van Don Economic Zone (EZ) in northern Quang Ninh province needs $70.2 billion by 2050 to meet its investment needs, the Vietnam News Agency quoted the provincial people’s committee as saying.

People abandon bikes at red lights following tragic accident

 Some young people have made video clips in which they dismount from their bikes while waiting at the red lights due to safety fears.

Vietnamese, Lao PMs co-chair meeting of inter-governmental committee

 Vietnamese Prime Minister Nguyen Xuan Phuc and his Lao counterpart Thongloun Sisoulith co-chaired the 41st session of the Vietnam-Laos Inter-Governmental Committee in Hanoi on January 6. 

More South Korean firms enter finance & banking market

Korean banks are increasing their presence in Vietnam, betting on the growth potential of the emerging market, especially when and if limits on foreign ownership ratio are removed.

Vietnam poised to profit from free trade agreements

 Vietnam has been attracting a great deal of foreign direct investment (FDI), with a further surge on the horizon thanks to new free trade agreements. 

The highlights of the automobile market in 2018

In 2018, the automobile market was affected by Decree 116, which regulates manufacture, assembly and importing of cars. 

Vietnam’s auto industry stimulating real estate

 The growth of the Vietnamese automobile industry has had a positive impact on industrial real estate.

New FiT mechanisms to bolster renewables

 Vietnam is set to reform its policies to attract more renewable energy investment in the time to come. 

Red tape to be cut nationwide in 2019

 2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM).