Vietnam Morning News For March 25

Vietnam launching a regulated cryptocurrency exchange
Vietnam is all set to launch a regulated crypto exchange as two companies have just signed an MOU for the development and obtaining licensing for a cryptocurrency exchange.
— Coinnounce

Vietnam to increase electricity prices
On Wednesday, March 20, 2019, the Deputy MoIT, Mr. Hoang Quoc Vuong, provided more details regarding the plan, stating an electricity price of 8.36%. Therefore, the average retail price of electricity will rise from VND1,720.65/kWh to over VND1,864/kWh.
— Vietnam Insider

HCM City: Hot demand for air conditioners
Electronic goods shops and supermarkets in HCM City are offering big promotions on air conditioners, refrigerators and fans as the hot season approaches.
— VNA NET

LNG power plants take centre stage in Vietnam, foreign investors keen
The first quarter saw a flurry of interest among foreign investors in LNG-fired power projects in Vietnam.
— VnExpress

More Vietnamese consumers embracing digital payments: Visa
Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in-store and online purchases, digital payment methods provider Visa said on Thursday.
— Bizhub

FDI firms contribute ideas to promote growth in HCM City
Representatives from foreign-invested (FDI) enterprises in Ho Chi Minh City contributed their ideas and recommendations to spur growth in the city at a meeting with municipal leaders on March 23.
— VNA NET

BIDV named as Best Retail Bank in Vietnam for five consecutive years
The Bank for Investment and Development of Vietnam (BIDV) was named the Best Retail Bank in Vietnam for five consecutive years by The Asian Banker Magazine.
— VNA NET

British tourist got injured at a waterfall on Hai Van Pass, in central Vietnam
The victim, Christian Allwyn Hawitt, 19 years old has been receiving treatment at a hospital in the neighboring city of Da Nang.

Government steps in to rescue delayed key southern expressway project
The government has decided to use public money to finish the much-delayed Trung Luong – My Thuan Expressway in southern Vietnam.
— VnExpress

Foreigner allegedly faked own kidnapping in Vietnam arrested
A 30-year-old man has been arrested after he allegedly faked his own kidnapping in Vietnam on Thursday (Mar 21).
— Vietnam Insider

Southern provinces ready infrastructure for drought, heat waves
Provinces in the southern region and the Central Highlands have taken measures to prepare for drought and ensure a stable supply of power as weather forecasts say that the region could face a prolonged heat wave this year.
— Viet Nam Net

Airport operator to advance funds for runway repairs
The Transport Ministry wants ACV to pay for runway repairs at country’s two largest airports and be reimbursed later.
— VnExpress

Can Tho seeking logistics centres for air transportation
Can Tho needs to develop logistics centres to meet increasing demand for the transportation of goods by international and domestic airlines. Four businesses have put forward proposals to develop such centres in cooperation with the city.
— Viet Nam News

Chu Lai to become high-quality agro-forestry processing hub: PM
Prime Minister Nguyen Xuan Phuc said he wishes that Chu Lai would strive to become a high-quality agro-forestry processing hub of the country to be able to meet huge demand in ASEAN, northeastern Asia, G7 and G20 countries.
— VNA NET

Vietnamese, Philippine police work on trans-national drug trafficking case
The police of Vietnam and the Philippines have worked together on the trans-national case trafficking 300 kilos of drugs in Vietnam and seized 276 kilos more in the Philippines.
— VNA NET

More Vietnamese consumers embracing digital payments: Visa
Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in-store and online purchases, digital payment methods provider Visa said on Thursday.
— Viet Nam News

Vietsovpetro surpasses production targets in two months
The Russia – Vietnam oil and gas exploration joint venture, Vietsovpetro, reported an oil and gas production output of 609,700 tonnes in the first two months of the year, exceeding its target by 6.7 percent.
— VNA NET

Microsoft and SAP promote co-operation
Microsoft Vi?t Nam and SAP – one of the global leaders in enterprise software – on Friday announced a strategic partnership.
— Viet Nam News

Five Vietnamese killed in Thai deadly bus accident
Five Vietnamese workers were killed in a bus accident in Thailand on March 23 when a truck crashed into a 16-seat passenger car and both plunged into a canal in Tha Muang district, Kanchanaburi province.?
— VNA NET

Ministry of Finance cracks the whip on PetroVietnam divestment
The Ministry of Finance has reiterated that the loss-making oil and gas group PetroVietnam has to divest from non-core sectors.
— VnExpress

EVFTA to fuel Vietnam – Italy trade: workshop
A workshop held recently in Perugia, Italy, discussed opportunities for business investments between Vietnamese and Italian firms once the EU-Vietnam Free Trade Agreement (EVFTA) come into effect.
— VNA NET

Vnews launches new programme to support SMEs
Vietnam News Agency’s Television Centre (Vnews), in collaboration with the Việt Nam Association of Small and Medium Enterprises (VINASME), introduced a new programme to support small- and medium-sized enterprises (SMEs) at a ceremony on Saturday.
— Viet Nam News

Vietnamese monks ordered to stop scamming faithful with ‘bad karma eviction’ ceremonies
Vietnamese authorities have ordered monks at a popular Buddhist pagoda to stop “soul summoning” and “bad karma eviction” ceremonies after an investigation found the rituals were a scam.
— ABC

Firms advised to stay alert to risks of US-China trade tension
Vietnamese importers and exporters should stay alert and take a proactive approach to risks posed by the unpredictable development of the US-China trade tension, experts said at a workshop in Ho Chi Minh City on March 22.
— VietnamPlus

HCMC awaits central funds for metro line, to release advance to pay dues
Ho Chi Minh City has approved advance payment from its coffers while awaiting central funds to pay contractors building its first metro route.
— VnExpress

DPM Teo opens Vietnam-Singapore Cooperation Centre in Hanoi
Deputy Prime Minister and Coordinating Minister for National Security Teo Chee Hean opened the Vietnam-Singapore Cooperation Centre in Hanoi as part of his official visit to Vietnam, which runs until tomorrow.
— The Straits Times

Transport ministry backs Vietjet’s plan to expand Dien Bien airport
Vietjet’s proposal to expand Dien Bien Airport in the northern mountainous province of Dien Bien has received support from the Ministry of Transport (MoT).
— VNA NET

Credit institutions asked to aid disease-hit pig farmers
The State Bank of Vi?t Nam (SBV) on Thursday directed credit institutions to support their borrowers who raise pigs and are suffering losses due to African swine fever (ASF).
— Viet Nam News

Vietnamese culture introduced at Francophone Festival in France
Vietnamese folk music, handicrafts and traditional Ao dai (long dress) have been introduced in the Francophone Festival that took place in Yèbles commune, Seine et Marne province of France on March 23-24.
— VNA NET

Meeting marks 88th anniversary of HCYU in Russia
A meeting marking the 88th founding anniversary of the Ho Chi Minh Communist Youth Union (HCYU) was held in Moscow, Russia on March 23.
— VNA NET

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