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Vietnam’s PMI hits four-month high

The Vietnamese manufacturing sector maintained its growth in April as firms were once again successful in securing new orders, with the Manufacturing Purchasing Managers’ Index (PMI) rising to a four-month high of 52.5 from 51.9 in March.

 

Dien Bien Phu victory to be re-enacted through circus art

The Vietnam Circus Federation will host a circus show re-enacting the Dien Bien Phu battlefield in Hanoi on May 5 to celebrate the 65th anniversary of the victory.

 

Ministries urged to allow use of State budget for banks’ capital hikes

The State Bank of Viet Nam (SBV) has continued to urge relevant ministries to revise legal frameworks in order to allow large State-owned commercial banks to use the State budget for their capital increases.

 

Ninh Thuan strives to develop wine grape cultivation

Grapes have long been a specialty of Ninh Thuan province. Besides sweet grapes, wine grapes are also planted in the central locality. However, the supply is yet to meet even domestic demand.

 

Festival honours essence of craft villages

A festival that runs from April 26 to May 2 in Thua Thien-Hue province has honoured the essence of Vietnam’s craft villages and contributed to preserving and promoting traditional values.

 

ASEAN+3 finance ministers propose measures to deal with financial crisis

The ASEAN+3 finance ministers have agree to consider adding the Japanese yen and Chinese yuan to currency swap arrangements in addition to the US dollar while rejecting protectionism amid growing US-China trade tensions.

 

Review of policies for biofuel E5 RON 92 proposed over disappointing sales

Saigon Petro Company Limited recently proposed policies for the development of E5 RON 92 to be reviewed over the significant declines in sales of this biofuel.

 

Former President Le Duc Anh’s funeral begins two-day national mourning

A State funeral was held on May 3 for former President General Le Duc Anh, who was also former Politburo member and former advisor to the Central Committee of the Communist Party of Vietnam.

 

BUSINESS NEWS 3/5

French bank named financial adviser for Ke Ga wind power project

 

 

Poets keep Cham culture alive

In the world of Vietnamese literature, ethnic minority poets occupy a special place. The Voice of Vietnam will introduce four Cham poets whose works in both Cham and Vietnamese have added richness to Vietnamese poetry.

 

Financial requirements keep domestic firms out of expressway project

The Ministry of Transport’s strict financial requirements for the North-South expressway project may push local investors out of the project.

 

PM: Vietnam ready to help Cuba build cyber security supervision centre

Prime Minister Nguyen Xuan Phuc affirmed that Vietnam is ready to help Cuba build a cyber security supervision centre during a reception in Hanoi on May 2 for Cuban Minister of Communications Jorge Luis Perdomo Di-Lella.

 

ASEAN+3 discuss cooperation in response to financial crises

Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis.

VN's trade surplus estimated at $711 million in four months

The surge in imports of several commodities limited the trade surplus in the past four months to 711 million USD, compared to the surplus of 3.7 billion USD during the same period last year.

 

CBRE: Vietnam benefitting from production shift out of China

There was an increase in production shifting from China to alternative locations in Southeast Asia, including Vietnam, in 2018, according to CBRE Vietnam.

Formosa pollution compensation to be used on regeneration projects

Prime Minister Nguyen Xuan Phuc has asked authorities in the four central provinces affected by the Formosa disaster in 2016 to use the compensation to develop fisheries and environmental projects.

 

Fire burns down Hanoi West Lake floating restaurant

An abandoned floating restaurant on Hanoi’s West Lake burnt down on Thursday morning.

 

HCM City prepares for former President Le Duc Anh’s funeral

HCM City is preparing for the state funeral of former State President Le Duc Anh who passed away on April 22 at the age of 99.

 

Vietnam Private Sector Economic Forum focuses on value chains

The Vietnam Private Sector Economic Forum 2019 opened in Hanoi on May 2, with a special conference focusing on the sustainable formation and development of agro-forestry-fishery value chains for international integration.

 

Vietnam Cafe Show 2019 opens in HCM City

The Vietnam Cafe Show 2019 opens in Ho Chi Minh City on May 2.