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PM: Breakthrough institutions needed for special administrative-economic units

 Institutions and legal regulations for special administrative-economic zones in Quang Ninh, Khanh Hoa and Kien Giang provinces must be different from other cities and provinces to attract investments, Prime Minister Nguyen Xuan Phuc has said.

IMF projects Vietnam’s GDP to grow by 6.6 percent in 2018

 The International Monetary Fund (IMF) projected Vietnam’s economy to grow by 6.6 percent this year and 6.5 percent the following year in a recent report.

Month for work safety to be launched in May

 A ceremony to launch a month-long national campaign on preventing occupational risks to reduce accidents is scheduled for May 6 on Nguyen Hue pedestrian street in Ho Chi Minh City.

Price for rights to buy Vietnam Airlines shares announced

 The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.

VN-Index dragged down by large-cap stocks

 Vietnamese shares declined on April 18 as selling pressure hit many large-cap stocks.

Phan Van Anh Vu prosecuted for economic loss in Dong A Bank

The Investigation Police Department issued a decision to prosecute Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company, for abusing position and power to misappropriate $8.7 million from Dong A Bank.

Vietnam lose to Mexico at Suwon JS Cup

 Vietnam’s U19 football team lost to Mexico 4-0 in the first match of the Suwon JS Cup 2018 in the Republic of Korea on April 18.

Five Colombian men imprisoned for property theft

 The Hanoi People’s Court on April 18 sentenced five Colombian nationals to between seven and 13 years imprisonment on charges of “property theft” in accordance with Article 138 of the Penal Code. 

Welcome ceremony held for Myanmar State Counsellor

 A welcome ceremony was held in Hanoi on April 19 for Myanmar State Counsellor Aung San Suu Kyi who is on an official visit to Vietnam.

Mobile payment market heats up with foreign players

VietNamNet Bridge - Two of China’s biggest e-wallets have joined the mobile payment market in Vietnam.

Finance ministry suggesting raising environment protection taxes

 The Ministry of Finance has suggested increasing environmental protection taxes to the maximum level in a draft resolution it is compiling for the National Assembly’s Standing Committee, which has caused mixed opinions. 

Doors still open for Vietnamese tra fish in US: VASEP

Vietnam’s tra fish exporters can still access the US market despite the US Department of Commerce’s imposition of high anti-dumping duties on Vietnamese tra fish, said Secretary General of VASEP.

Malaysia calls for cooperation among coast guards in East Sea

Cooperation among coast guards of countries is necessary to deal with challenges in enforcing the law in the East Sea, a Malaysian officer has said. 

Mekong Delta provinces vow to improve tourism services

A project to develop tourism in the Mekong Delta in the context of climate change has been signed by three parties, including real estate developer Novaland, the Boston Consulting Group (BCG) and the Military Bank (MB).

Golden time for logistics M&A deals in Vietnam

 Vietnam’s location with a network of cargo ports, alongside a large domestic market, leaves room for both domestic and foreign logistics firms to expand business and enter logistics merger and acquisition (M&A) deals.

Large land bank may lure investors to Hanosimex?

Owning numerous large-scale land plots may attract investors to Hanosimex for its listing on the Unlisted Public Company Market (UpCOM).

Three SAEZs need $70 billion for development

 The development of three SAEZs (special administrative-economic zones) in Vietnam will require VND1.57 quadrillion ($70 billion) to be mobilised by 2030.

E-commerce requires logistics reboot

As e-commerce is witnessing a boom in Vietnam, the capacity of the logistics infrastructure to serve e-commerce is causing major concerns, forcing logistics firms and authorised agencies to change their mindset.

Sabeco relents to Thai Beverage pressure for board presence

 Three foreigners, all of whom were allegedly nominated by Thai Beverage, will join the Sabeco management board at the coming meeting.

Domestic firms launch ride-hailing applications to fill in Uber’s space

 After the merger between Uber and Grab, numerous domestic firms accelerate their plans to launch ride-hailing applications to fill the void left in Uber’s wake.