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PM Nguyen Xuan Phuc urges Australian businesses to invest in Vietnam

 Prime Minister Nguyen Xuan Phuc has urged Australian companies to invest in the potential market of Vietnam at the Vietnam-Australia Business Forum in Sydney on March 16, which was held during the Vietnamese PM’s official visit to Australia. 

Ly Hoang Nam makes final of India F3 Futures

 Ly Hoang Nam booked a spot in the final of the India F3 Futures after beating his doubles teammate Carlos Boluda-Purkiss on March 16 in Chandigarh City, India.

Tourism property in 2017: Carrying out commitments of profit

 In the context of impressive economic growth and Vietnam’s successful hosting of the APEC meetings and events, 2017 recorded good progress in the Vietnamese tourism industry. 

BUSINESS IN BRIEF 16/3

Meeting tackles difficulties facing Japan’s food firms, Vietnam imports 2,300 tonnes of beef from US, Australia, Japanese firm takes acquisition route to VN beauty market, Vietnamese fruit and veg entering strict markets

VTVcab to hold $263mn IPO in April

 Viet Nam Television Cable Corporation Limited Company (VTVcab) will float nearly 42.3 million shares in its initial public offering (IPO) on April 17 on Ha Noi Stock Exchange.

VN central bank issues bills valued at nearly $1.9bn

 The State Bank of Viet Nam (SBV) issued bills worth some VND43 trillion (US$1.89 billion) in the past week to withdraw money from the banking system.

Assets of Vietnamese banks reach US$440.5bn in 2017

 Total assets of banks in Viet Nam by the end of last year surged 17.62 per cent against 2016 to VND10 quadrillion (US$440.5 billion).

Vietnamese goods less competitive because of high costs, bad design

A report from the World Bank released in 2017 showed that business costs in Vietnam are much higher than in other regional countries such as Malaysia and Singapore.

Seminar talks fruit, veg exports

 Viet Nam’s fruit and vegetable exports are expected to top US$4.5 billion by 2020, with fruits accounting for $3.6 billion, according to the Crop Production Department.

4 dead from suspected alcohol poisoning, 1 critical

 Four persons have died, and one is in critical condition after drinking rice spirit in the central province of Quang Nam.

Up to 6 storms, tropical depressions affect mainland in 2018

 Among 12-13 storms forecast to enter East Sea, up to six are forecast to directly affect the mainland in 2018, according to the National Centre for Hydro-Meteorological Forecastings.

Outstanding young persons in 2017

 Outstanding young persons in 2017

Russian Foreign Minister to visit Vietnam

 Foreign Minister of the Russian Federation Sergey Lavrov will pay an official visit to Vietnam from March 19-20.

RoK President to pay State visit to Vietnam

 President of the Republic of Korea (RoK) Moon Jae-in and his spouse will pay a State visit to Vietnam from March 22-24.

Dialogue seeks to promote fishery cooperation in East Sea

The Diplomatic Academy of Vietnam, the Konrad-Adenauer-Stiftung (KAS) and the Embassy of Australia co-hosted the second Ocean Dialogue in Hanoi on March 15, focusing on fishery cooperation in the East Sea.

Deadline for end of analogue TV broadcasting set for December 31

 Central and local television stations must stop analogue broadcasting before December 31, 2018 under an amendment to Decision No.2451/QD-TTg on transmission, terrestrial TV broadcasting digitalisation by 2020.

Vietnamese fruit could face trade barriers in Chinese market

VietNamNet Bridge - China has become more fastidious about fruit imports, setting high requirements similar to those applied by the US and Australia. 

Central Vietnam vulnerable to typhoons in 2018

 Five to six typhoons are expected to hit Viet Nam’s mainland this year, the National Centre for Hydro-Meteorological Forecasting has said.

Muong Lo rice granary in danger because of lack of water

The Muong Lo field in Yen Bai province, the rice granary in the northwest, is withering as it has not received enough water from hydropower plants during the dry season.

Blockchain boom expected in Vietnam: experts

VietNamNet Bridge - About 20 startups in the field of blockchain have registered their headquarters in Vietnam.