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PetroVietnam's CEO allowed to resign

The police earlier this year initiated an investigation into a loss-making oil exploration project in Venezuela, which was carried out by PVEP from 2010 when Son was PVEP`s CEO.

Dow & DEEP C to build first road using recycled plastics

Dow and DEEP C signed a memorandum of understanding (MoU) on April 17 in Hanoi on building the first road using recycled plastics, at the DEEP C Industrial Complex in the northern city of Hai Phong. 

Hanoi beat Yangon United 5-2 in AFC Cup

Hanoi FC took revenge by beating Yangon United 5-2 in their second meeting in Asian Football Confederation Cup’s Group H action in Yangon, Myanmar on April 17.

 

Vingroup opens new AI research institute

Giant IT-real-estate-manufacturing-retail conglomerate Vingroup on April 17 opened VinAI Research, a research institute focusing on artificial intelligence (AI) with the goal of elevating Vietnam’s role in the AI world.

 

Over 350 artisans to show off skills at Hue Traditional Craft Festival

More than 350 artisans and 62 craft production facilities and villages, both domestic and international, have registered to participate in the Hue Traditional Craft Festival, which is scheduled to take place from April 26 till May 2.

 

Tran Anh Digital to terminate all branches

The management board of Tran Anh Digital World JSC has approved a plan to terminate all its branches, which will be carried by the company’s chairman, ndh.vn reported.

 

Int’l accounting rules compulsory after 2025: draft

The adoption of International Financial Reporting Standards will be compulsory for State-owned enterprises, listed companies and large-scale unlisted public companies after 2025, according to a draft project the Ministry of Finance.

 

Truong Hai Auto to spend up to $45 million to buy stake in HAGL Agrico

The purchase, designed as a financial investment, will be carried out through order matching or put through method on the Ho Chi Minh Stock Exchange (HOSE), the company announced.

 

More effort needed to boost Vietnam's national brand value

Greater effort is needed to boost VN ’s national brand value so as to earn higher export value, attendees heard at a forum held in Hanoi on Wednesday by the Ministry of Industry and Trade.

BUSINESS NEWS 18/4

Vietnamese, Czech businesses look to strengthen partnership

 

Savills Group CEO sees Vietnam’s potential

Vietnam is considered one of Asia’s most vibrant property markets and a long-term strategic area for Savills. 

 

Co Lao ethnic group

The Co Lao, one of Vietnam’s 54 ethnic minority groups, has about 3,000 people. The group settled in Vietnam about 200 years ago and now lives mainly in the northern mountainous region.

 

Nghe An police seize huge amount of trafficked drug

The police of the central province of Nghe An on April 17 busted a drug trafficking ring, seizing 700kg of crystal meth and arresting three suspects.

 

USINDOPACOM Commander welcomed in Ho Chi Minh City

Politburo member and Secretary of Ho Chi Minh City’s Party Committee Nguyen Thien Nhan hosted a reception on April 17 for visiting Commander of United States Indo-Pacific Command (USINDOPACOM) Admiral Philip Davidson.

 

PM Phuc holds talks with Czech counterpart in Prague

Following the welcome ceremony in his honour in Prague on April 17, Prime Minister Nguyen Xuan Phuc later the same day held talks with his host Czech Prime Minister Andrej Babis. 

Military official demands resumption of AO victim’s lawsuit

Major General Tran Ngoc Tho, former Chief of Staff of Military Region 7, sent a letter on April 16 to US courts to demand the resumption of the lawsuit filed by Vietnamese victims of AO in 2004 against 37 US chemical firms.

 

Bamboo Airways looks to launch direct route to Czech Republic

Vietnam’s newest airline, Bamboo Airways, is working with authorities of the Czech Republic to complete relevant procedures to launch Hanoi-Prague direct flights, according to a representative of the carrier.

 

Yeah1, YouTube cooperation temporarily extended

Yeah1’s subsidiaries are still on YouTube after the termination of their contract at the end of last month, as YouTube has agreed to give the company more time to move its content from the YouTube platform, Thanh Nien newspaper reported.

 

Global shocks pose threats to Vietnam's economy

The Vietnamese economy faced further uncertainty due to the impacts of global shocks, according to the Viet Nam Institute for Economic and Policy Research (VEPR).

 

ACV backs private sector involvement in entire airport projects

The Government should let the private sector develop entire airports rather than some of their components, said Lai Xuan Thanh, chairman of the State-run Airports Corporation of Vietnam (ACV).