07:46 (GMT +7) - Tuesday 20/11/2018


January 12

Released at: 14:12, 12/01/2018 PRESS WATCH

January 12

VET's round-up of news from Vietnamese media for January 12.

Vung Ro Petroleum to cooperate with Danish partner

The Vung Ro Petroleum Co. (VRP), the operator of Vietnam’s third oil refinery, in the central province of Phu Yen, and backed by the UK-based Technostar Management Limited, has signed a cooperative agreement with DenimoTech, a Denmark-headquartered firm, on providing turnkey solutions for the petroleum by-product sector and aid the implementation of VRP’s new manufacturing plant. The Danish manufacturer committed to team up with the $3.2 billion Vung Ro oil refinery in the construction of a high-tech, state-of-the-art bituminous binder processing plant, utilizing green technology from Denmark.

Ha Giang receives support from VNPT

The Vietnam Posts and Telecommunications Group (VNPT) has signed a memorandum of understanding with the Ha Giang Provincial People’s Committee to support the northern mountainous province to develop its “smart city” efforts. This was one of the highlights of a conference held on January 8 to review the three-year implementation of the strategic cooperation agreement in telecommunications and information technology between the two sides during the 2014-2020 period.

Sacombank buys risk management platform

The Saigon Thuong Tin Commercial Bank (Sacombank) has clinched a deal with a foreign consortium comprising Aurionpro Solutions and Integro Technologies to implement the Loan Origination System (LOS), a credit loan origination and risk management platform. The platform is a leading software solution and is expected to help Sacombank achieve its business and risk management objectives and overcome limitations in its current credit management. Deputy General Director Phan Dinh Tue said the system, which costs more than VND100 billion ($4.4 million), is expected to be in service early next year.

Three finalists in VietChallenge 2018

Three teams from Vietnam - Elight Education, VioT Connected Luminaires, and VDEs - will compete for a $50,000 cash prize in the final round of VietChallenge 2018, the first global entrepreneurship competition for Vietnamese. They have received a stipend of $2,000 each in order to develop demonstration products prior to the final round, which will take place at the Massachusetts Institute of Technology in Massachusetts in the US on April 7.

US State Department recognizes travel to Vietnam as “safe”

Vietnam is ranked at Level 1, with “Exercise normal precautions”, in the Travel Advisories assessment from the US Department of State. The Travel Advisory Levels help travelers ensure their own safety when travelling internationally by dividing countries into four levels. The levels for safety and security risk range from the highest, Level 4: “Do not travel”, to the lowest, Level 1: “Exercise normal precautions”.

HCMC to provide capital to metro line construction

Ho Chi Minh City authorities have proposed increasing the capitalization for the city’s first two metro lines as the projects continue to face capital shortages. The city’s People’s Committee has sent a report to the government detailing cost overruns. Metro Line No. 1, from Ben Thanh in District 1 to the Suoi Tien Theme Park in District 9, was approved by the city in April 2007 with investment of VND17.4 trillion ($766.4 million). At that time, approval by the National Assembly (NA) was not needed. After investment costs were re-calculated by consulting agencies, costs increased to more than VND47.300 trillion ($2.08 billion).

Two new Volkswagen showrooms open in Hanoi

German carmaker Volkswagen has officially opened two new showrooms in Hanoi, taking its total in Vietnam to eleven. Located in Pham Van Dong and Le Van Luong streets, the two showrooms are operated by 4S VW AutoHaus, Volkswagen Vietnam’s affiliate, which currently has nine 4S-standard showrooms in the country.

User comment (0)

Send comment