09:10 (GMT +7) - Thursday 13/12/2018


February 22

Released at: 14:16, 22/02/2018 PRESS WATCH

February 22

VET's round-up of news from Vietnamese media for February 22.

Gasoline prices cut

Retail prices of all types of gasoline were cut from 3pm on February 21 while the price of kerosene remained unchanged. The price of RON 95 fell by at least VND400 per liter under a joint decision from the Ministry of Industry and Trade and the Ministry of Finance. Meanwhile, the E5 RON 92 price fell VND332 to VND18,340 per liter. This is the first cut in gasoline prices this year and the first time a ceiling price on RON 95 has been announced, as consumers no longer have access to RON 92.

MIST offering tourism startup support

Mekong Innovative Startup Tourism (MIST) is calling for entries from emerging regional startups in the fields of tourism and travel technology for the chance to win financial and professional support. MIST is an initiative of the Mekong Business Initiative (MBI) and Destination Mekong that aims at giving startups in Cambodia, Laos, Myanmar, Thailand, and Vietnam a launch-pad to achieve profitability, create jobs, and impact local communities. Early-stage startups from these Mekong countries can apply for a chance to win $10,000 in cash together with a six-month training course in the US worth $20,000 and numerous opportunities to connect with potential investors and business partners.

Bac Ninh second in FDI attraction

The northern province of Bac Ninh attracted $3.5 billion in foreign direct investment (FDI) in 2017, ranking it second among all cities and provinces in Vietnam. According to the provincial Department of Statistics, Bac Ninh’s industrial production value reached VND1,000 trillion ($44 billion) and export turnover $29.85 billion, accounting for 14.9 per cent of the country’s total. The province also collected VND21.6 trillion ($948.2 million) for the State budget. Its gross regional domestic product (GRDP) made up 3.25 per cent of the country’s GDP, with GRDP growth at 19.12 per cent.

Nearly 20,000 babies born over Tet

A total of 19,062 babies were born over the Tet holiday from February 14 to 20, according to Mr. Luong Ngoc Khue, Director of the Medical Service Administration at the Ministry of Health. Reports from hospitals and health authorities nationwide showed more than 218,000 patients received medical check-ups and treatment during the period. Medical establishments nationwide treated 37,376 traffic accident casualties in the seven-day period and 197 firecracker-related injuries.

Ultra-thin glass factory receives in principle approval

Prime Minister Nguyen Xuan Phuc has approved in principle a plan to build an ultra-thin glass factory with a capacity of 1,200 tons per day in Yen Khanh district in the northern province of Ninh Binh. He tasked the provincial people’s committee to work with the Ministry of Construction to implement the project, ensuring that products meet environmental standards.

Tra fish exports to UK up 2.5%

Tra fish exports to the UK were worth $45.7 million last year, an increase of 2.5 per cent over 2016, according to the Vietnam Association of Seafood Exporters and Producers, and accounted for 2.6 per cent of total tra fish exports. Vietnam is the sixth-largest exporter of tra fish to the UK, behind Iceland, China, Norway, Denmark, and Russia.

CPTPP to be signed on March 8

The eleven remaining nations of the original TPP have suspended many controversial provisions and are expected to sign the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on March 8. The final version of the landmark deal aims at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies and was released on February 21, signaling that the pact was one step closer to reality. More than 20 provisions have been suspended or changed in the final text ahead of the deal’s official signing in March, including rules on intellectual property originally included at the behest of Washington. The original 12-member deal was thrown into limbo early last year when US President Donald Trump withdrew from the agreement to prioritize protecting US jobs.

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