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January 17

Released at: 10:34, 17/01/2018 PRESS WATCH

January 17

VET's round-up of news from Vietnamese media for January 17.

Outward Bound Vietnam finds sponsors

The Pegasus Investment and Consultancy Binh Dinh JSC and the Bank for Investment and Development of Vietnam (BIDV)’s Binh Dinh branch have signed a sponsorship contract for Outward Bound Vietnam. The strategic cooperation further strengthens the development of the unique outdoor educational project Outward Bound Vietnam. Located in the Tan Thanh Tourism Zone, part of Binh Dinh province’s Nhon Hoi Economic Zone, Outward Bound Vietnam is part of the Pegasus Integrated Education and Eco-tourism Development project and on a total area of 60.86 ha and with three phases of development.

Apple faces class action

More than 2,000 Vietnamese users have registered to file a class action lawsuit against Apple over its software updates slowing down their iPhone’s performance, according to information on the batterydown.vn website. Users who wish to join the class action must provide their full name, email address, and iPhone version. The Hanoi Bar Association has submitted a petition to the Ho Chi Minh City People’s Court asking Apple to take measures to address the issue, compensate for damage, and prevent any possible damage for users when updating their iPhones. The People’s Court will announce its findings on January 20.

Satra targets opening 60 Satrafoods outlets by year’s end

The Saigon Trading Group (Satra) is seeking to open 60 Satrafoods convenience stores later this year, raising its total to 217, a review conference on its 2017 performance and 2018 plans heard. Satra is also expected to open a center called Center Mall Cu Chi in the outlying district of Cu Chi in Ho Chi Minh City in the third quarter. The center covers more than one hectare of land and has a total floor area of over 12,000 sq m, with the first and second floors for shopping and dining while the third floor has a cinema and other entertainment options.

Macroeconomy stable but three hurdles exist: VEPR

Vietnam’s macroeconomy is forecast to continue its stability this year but should overcome three existing hurdles for further development, according to a report released by the Vietnam Institute for Economic and Policy Research (VEPR). VEPR’s quarterly report, featuring an independent assessment on Vietnam’s macroeconomic policies, stated that the stable macroeconomy, along with institutional reform pursued by the government to improve the investment environment, will continue to promote its effectiveness and support business activities in 2018.

PM approves public investment scheme

The Prime Minister has approved the public investment restructuring scheme for the 2017-2020 period and orientations towards 2025, aiming to form a reasonable public investment structure and improve the socioeconomic efficiency of public investment.

Quang Ninh to host tourism events in January 2019

The ASEAN Tourism Forum (ATF) and the ASEAN Travel Expo (TRAVEX) will be held in the northern province of Quang Ninh, home to Ha Long Bay, in January 2019. The ATF is the largest-scale event in tourism cooperation among ASEAN nations, heading towards establishing ASEAN as a single tourism destination, developing tourism in a sustainable manner, and promoting exchanges and consolidating peace and prosperity in the region. The ATF 2019 will present an opportunity for Vietnam to introduce itself, its people, and its tourism as well as attract more investment in tourism.

Deputy PM: Bidding must open soon on North-South Expressway

Bidding must open soon for investors to carry out the eleven projects needed to complete the North-South Expressway, Deputy Prime Minister Trinh Dinh Dung told at a recent meeting reviewing measures to speed-up preparations for the Expressway. The Ministry of Transport delivered a report on implementing the National Assembly’s Resolution No 52 and asked the government to accept some proposals during the preparation period for building road sections.

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