Vietnam Morning News For May 15

Vietnam Morning News For May 15

Vietnam morning news

VN grants licence to Kien Giang gas project
The Block B of O Mon gas pipeline project in the Mekong Delta province of Kien Giang this week received its investment certificate.
– Viet Nam News bizhub

Vietnam: Hackers targeting multinational corporations – expert
HACKERS either working for the Vietnamese government or on their behalf have broken into the computers of multinationals operating in the country as part of an increasingly sophisticated cyberespionage campaign, cybersecurity company FireEye said.
– Asian Correspondent

More banks to repurchase bad debts from VAMC
After a period of actively selling non-performing loans to the Vietnam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to handle by themselves.
– VietnamPlus

The back-up plan of domestic automobile manufacturers
Contrary to all predictions, automobile manufacturers have set modest targets for this year’s business plans. After a two-year boom, the automobile market is expected to be more quiet in 2017.

Non-performing loans at banks vary
The ratio of non-performing loans (NPLs) at banks in the first quarter of this year is was varied, according to a daily report by Bao Viet Securities Corp (BVSC).

Red tape hindering power plant projects
Substandard investment procedures and regulations hinder investors in major power plant projects, reported.
– Viet Nam News

$87.6 million project stops after 3 years of operation
The Ministry of Education and Training’s (MOET) project on applying VNEN (the Vietnam Escuela Nueva) model at general schools has not succeeded.

Vietnam welcomes China’s investment in high technology-based projects
Vietnam encourages Chinese businesses, including those from Fujian province, to invest in projects using high technology in the country, President Tran Dai Quang said at an economic-trade cooperation seminar on May 13th.
– Vietnam Times

Multiple outcomes reaped from Vietnam’s attendance in WEF-ASEAN
The Vietnamese delegation, led by Prime Minister Nguyen Xuan Phuc, arrived in Hanoi on May 12 afternoon, wrapping up a trip to attend the WEF-ASEAN at the invitation of WEF Executive Chairman Klaus Schwab.

VN Index to test 730 points this week
Viet Nam’s benchmark VN-Index is expected to rise further this week and meet a strong test to get past the level of 730 points.
– Viet Nam News bizhub

Vietnamese province green-lights $35 mln solar plant
The domestically-funded plant brings Vietnam one step closer to its aim of generating 10 percent of electricity from renewable sources by 2030.
– VnExpress

VEC looks to transfer toll privileges to raise capital
Viet Nam Expressway Corporation (VEC) has proposed a plan to the Ministry of Transport to transfer Cau Gie-Ninh Binh Expressway toll-collection privileges at a cost of VNĐ9.1 trillion (US$402.12 million) over a period of 30 years.

Work starts for big tourism complex in Cat Ba Islands
The project, invested by Sun Group, aims to realise Hai Phong’s tourism development strategy between now and 2020 with a vision towards 2030, aiming to make tourism the city’s economic spearhead.

More support for SMEs required
This enterprise has been operating in packing for over a decade. It has become a partner of such big names in Vietnam as Samsung, Canon and LG.
– VietnamPlus

Vietnamese airlines issue warnings over rising in-flight thefts
Light-fingered foreigners have been helping themselves to other passengers belongings, mainly cash, since the start of the year on domestic flights.
– VnExpress

Vietbuild Hanoi 2017 to attract about 300 enterprises
The second term Vietbuild Hanoi International Expo 2017 will take place from May 17-21 at National Architecture, Planning and Construction Exhibition Centre (No. 1 Do Duc Duc Street, Nam Tu Liem District). The information was released at yesterday`s press conference in Hanoi.
– Hanoitimes

SE Asia’s longest cross-sea bridge close to completion
Tân Vũ – Lạch Huyện Bridge, set to be Southeast Asia’s longest cross-sea bridge when opened, will undergo a test run to check loading capacity on Sunday.
– Viet Nam News


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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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