Weekly News 1.6.2020 – 5.6.2020

HKBAV & Deep C Webinar: Vietnam’s industrial landscape - your post-pandemic opportunity

We would like to thank HKBAV for hosting as well as all participants for joining and actively communicating with panelists during Q&A session. In case you missed it, you can find the recording of the webinar and the presentations below:

https://www.hkbav.org/hkbav-deep-c-webinar-vietnam-s-industrial-landscape-your-post-pandemic-opportunity_event790

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Japan mulls easing entry ban on Vietnam and 3 other countries

The current entry restrictions on people from around the world are scheduled to run through June. Therefore, the first round of easing is expected to take place in summer or later. The Japan News reported. The four countries being considered appear to be containing infections, and businesspeople are calling for the resumption of travel among the nations.

For more details, please kindly visit:

https://vietnaminsider.vn/japan-mulls-easing-entry-ban-on-vietnam-and-3-other-countries/

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Ministry promotes technology transfer, investment promotion

The Vietnam Climate Innovation Centre (VCIC) under the Ministry of Science and Technology (MoST) is implementing programmes to help domestic firms find strategic partners in technology, finance and trade. During a conference in Hà Nội on Monday, Phạm Đức Nghiệm, deputy director of the MoST’s Department of Business and Market Development, said the support would help local firms better have access to the global value chain.

For more details, please kindly visit:

https://vietnamnews.vn/economy/717567/ministry-promotes-technology-transfer-investment-promotion.html

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Vietnam’s Voiz FM gets seed funding from 500 Startups

Voiz FM, announced earlier today that it successfully raised an undisclosed seed amount from 500 Startups Vietnam. The audiobook and podcast platform has seen a 2x growth in its user base in recent months, following a surge in demand as customers turn to audio media during coronavirus quarantine.

For more details, please kindly visit:

https://vietnaminsider.vn/vietnams-voiz-fm-gets-seed-funding-from-500-startups/

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Deputy PM urges allocation of funding for pre-feasibility study of high-speed railway

Deputy Prime Minister Trinh Dinh Dung has urged relevant ministries to allocate sufficient investment capital for the appraisal of the pre-feasibility study report of the North - South high-speed railway project. In the document sent by the Government Office on Monday, Dung assigned the Ministry of Transport to urgently coordinate with the Ministry of Planning and Investment and the Ministry of Finance to provide funding for the assessment of the study as prescribed.

For more details, please kindly visit:

http://bizhub.vn/news/deputy-pm-urges-allocation-of-funding-for-pre-feasibility-study-of-high-speed-railway_316051.html

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Construction plan of Long Thanh airport to be submitted to prime minister this month

In June, the State Appraisal Council will submit the construction plan of phase 1 of Long Thanh International Airport to the prime minister for approval, three months after the deadline. Although coming three months later than the required by the government, the authorities are still determined to kick off the construction of Long Thanh International Airport in the first quarter of 2021.

For more details, please kindly visit:

https://www.vir.com.vn/construction-plan-of-long-thanh-airport-to-be-submitted-to-prime-minister-this-month-76756.html

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BigC supermarket chain closes Saigon store over rental disagreement

Big C Mien Dong, a long-standing supermarket in Ho Chi Minh City now run by Thailand’s Central Group, will be closed this month over retail space rent issues. On Tuesday morning, a notification was posted at the entrance of Big C Mien Dong on To Hien Thanh Street in District 10, informing customers that the outlet would shut down in the next 20 days due to disagreement over space rent with the landlord. The outlet was in normal operation on Tuesday as observed by Tuoi Tre (Youth) newspaper’s reporters.

For more details, please kindly visit:

https://vnexplorer.net/big-c-supermarket-chain-closes-saigon-store-over-rental-disagreement-a202046447.html

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HCMC plans to build a new hi-tech industrial park in Binh Chanh

HCM City People’s Committee asked the department to review the current industrial and processing zones and find suitable lands to attract investments to the city and build the new hi-tech industrial park. The new park will be a new gathering place for hi-tech firms and support start-up companies.

For more details, please kindly visit:

https://vietnaminsider.vn/hcmc-plans-to-build-a-new-hi-tech-industrial-park-in-binh-chanh/

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PPP draft details key sector focus

Investors will be allowed to pour money into five groups of projects under the form of public-private partnerships in Vietnam as per a related law that offers an international-standard dispute resolution mechanism. Under the latest draft Law on Public-Private Partnerships’ (PPP) Article 4, discussed by the National Assembly (NA) last week and scheduled for adoption on June 18, financiers can venture into the PPP from five groups – both power plants and power grids (excluding hydropower plants) or power grids only; irrigation, clean water provision, wastewater and waste treatment; healthcare, education and training; transport; and IT infrastructure.

For more details, please kindly visit:

https://www.vir.com.vn/ppp-draft-details-key-sector-focus-76707.html

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Vietnam Airlines offers 02 ATR-72s for lease to earn some hard currency

If you are in the market to lease a pair of ATRs, then the folks at Vietnam Airlines want to hear from you. They are offering two ATR-72s for a six-month wet lease, and they are available from today, June 1. The move comes as flying in Vietnam starts to ramp up again. Just days ago, Vietnam Airlines resumed a full domestic schedule. Over the weekend, the airline was operating over 300 flights a flight, roughly equivalent to what it was running twelve months ago.

For more details, please kindly visit:

https://vietnaminsider.vn/vietnam-airlines-offers-02-atr-72s-for-lease-to-earn-some-hard-currency/

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Thailand increases investment in Vietnam

In the first four months of this year, despite the Covid-19 pandemic, Vietnam attracted an additional US$12.33 billion in foreign investment capital, a 14.5 percent drop from the same period of 2019 but higher than that of the same periods in 2018 and 2017. Singapore was the biggest foreign investor with committed volume accounting for 41.1 percent, or US$5.07 billion, followed by Thailand and Japan with total registered capital of US$1.46 billion and US$1.16 billion, respectively.

For more details, please kindly visit:

http://ven.vn/thailand-increases-investment-in-vietnam-42956.html