Vietnam Morning News For September 25

Three Vietnamese arrested with 15 million baht worth of rhino horns
Three Vietnamese were arrested at Suvarnabhumi international airport early Sunday morning (Sept 24) after Customs officials found 15 rhino horns worth about 15 million baht hidden in their three luggage.
— Thai PBS

Vietnam trade ministry slashes 675 business and investment conditions
The Ministry of Industry and Trade (MoIT) on Friday has decided to cut down more than half of the total business and investment conditions, from around 1,200 terms to just 675.
— VnExpress

Banks given higher credit limits
The State Bank of Vietnam (SBV) has approved the extension of credit growth limits for many commercial banks to support the country’s economic growth.
— VietnamPlus

Malaria warning as resistant strain spreads to Vietnam
A form of malaria that is resistant to standard treatment has spread to Vietnam for the first time, researchers warned Friday (Sep 22).
— Channel NewsAsia

Business leaders speak out against irrational charges
Virginia Foote, governor of the American Chamber of Commerce in Vietnam, said that enterprises in Vietnam still suffer from various types of taxes and fees as well as irrational business conditions.
— VietnamNet Bridge

Church leaders promise help for typhoon victims in central Vietnam
The Catholic Church is preparing to assist people affected by a powerful tropical storm that hit Vietnam’s central provinces on Sept. 15.
— UCA News

Vietnam’s state enterprise sell-off starts to look like mirage
Investors are bemoaning the Vietnamese government’s apparent backtracking on plans to sell off 12 major state-owned businesses.
— Nikkei Asian Review

Speculative stocks muddy market trends
Investors are shifting off blue chips and flirting with speculative stocks, making it more difficult to predict market trends.
— Viet Nam News

PV Oil to offer 20 pct stake in coming IPO: HSC
PetroVietnam Oil Corporation (PV Oil) may double the amount of shares offered as part of its initial public offering (IPO), which is scheduled in the fourth quarter of this year.
— VietnamPlus

IHG opens Vietnam’s tallest hotel in Hanoi
Perched atop the iconic tower Keangnam Landmark72, InterContinental Hanoi Landmark 72 – a property of the international luxury InterContinental Hotels Group (IHG)—held its grand opening yesterday.
— VietnamNet Bridge

Industrial property market booms, demand spurs investment
Sembcorp Development, a 100 percent foreign owned company belonging to Singaporean Sembcorp Industries, is a ‘veteran’ in Vietnam.
— VietnamNet Bridge

Bubble tea’s ascension to the throne as queen of drinks in Vietnam
What started as a sweet treat for teenage girls is now an office staple and is even impacting the real estate market.
— VnExpress

Vietnam attends international garment fair in France
Ten companies from the Vietnam Textile and Garment Association (VITAS) attended the Apparel Sourcing Paris, a leading European sourcing trade fair, in Paris from September 18-21, to seek trade partners.
— VietnamPlus

Mobile phone exports to China surge
Mobile phones and spare parts have become one of Vietnam’s key exports to China with turnover of 1.35 billion USD as of end of August, up 137 percent year-on-year, according to the General Department of Vietnam Customs.
— VietnamPlus

What’s behind chicken exports to Japan?
Local newspapers all reported about the export, commenting that the acceptance by Japan, one of the choosiest markets, shows the competitiveness of Vietnam’s livestock products in the world market.
— VietnamNet Bridge

Three telecom giants test mobile number portability
Thee major telecom network providers – Viettel, VinaPhone and MobiFone – started testing mobile number portability (MNP) on Thursday, which allows subscribers to keep existing mobile number when switching networks.
— Bizhub

Ministry seeks to promote linkages between farm production, consumption
Developing linkages between production and consumption of agricultural products would be the top priority for the sector for developing sustainably, a meeting heard in HCM City on Friday.
— Bizhub

Foreign capital flows to Vietnam’s pharmacy sector
Foreign investors have been increasing their presence in Vietnam by buying stake in Vietnamese pharmacy firms.
— VietnamNet Bridge

Four banks ink deal to finance Vinh Tân 4 thermoelectric plant
Four commercial banks inked a deal here on Thursday to provide VND5.4 trillion (US$23.75 million) in credit for the expanded Vinh Tan 4 thermoelectric project.
— Bizhub

Uber denies rumor of shutdown in Vietnam
Dang Viet Dung, general manager of Uber Vietnam, has confirmed to Tuoi Tre (Youth) newspaper that the hearsay was completely untrue, adding that he himself was surprised by the rumor.
— Tuoi Tre

We want high quality gov’t reports, not rosy ones
Phan Xuan Xiem, former member of the Party Central Inspection Committee, speaks to the newspaper Khoa hoc & Doi song (Science and Life) about the need for high-quality reports reflecting reality, not rosy reports.
— VietnamNet Bridge

Traditional taxi firms turn to technology
The transportation market of Vietnam is witnessing significant changes since the rapid expansion of ride hailing apps Uber and Grab in recent years.
— VietnamPlus

Feature photo World Bank/ Le Thi Xuan Nghiem
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