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November 30

Released at: 11:15, 30/11/2017 PRESS WATCH

November 30

VET's round-up of news from Vietnamese media for November 30.

Uber teams up with MoMo in electronic payments

Uber officially became a strategic partner of Vietnam-based mobile electronic payment platform MoMo on November 30, with the intention of integrating a wholly digital payment experience into the leading ride-hailing online app. The alliance will likely deliver a never-before-seen transportation service by fusing taxi-hailing with a cashless payment method supported by Vietnam’s leading mobile e-wallet firm. Prior to this cooperation with MoMo, Uber Vietnam offered three main payment methods: cash, credit card (including MasterCard and Visa) and debit card, as well as Android Pay exclusively for Android users.

Thaco opens new Quang Nam factory

Motor vehicle maker the Truong Hai Automobile Company (Thaco) has opened a new bus manufacturing factory at the Chu Lai-Truong Hai Industrial Complex in central Quang Nam province. In conjunction with South Korea’s Hyundai Motors, it will make 20,000 buses and minibuses each year from 2018, mostly for export to ASEAN countries. Deputy Director of Thaco, Pham Van Tai, said the 17-ha plant, which was built at a cost of VND7 trillion ($310 million), would supply high-quality vehicles using 60 per cent Vietnamese-made components and have engines that meet the Euro 4 Emission Standards.

Construction of Ben Tre wind plant gets underway

Construction of a wind power plant worth nearly VND1.5 trillion ($66 million) has begun in the Mekong Delta’s province’s Binh Dai district. Financed by the Mekong Wind Power JSC, an affiliate of the Thanh Thanh Cong Group, the Binh Dai plant will comprise 15 turbines with a total capacity of 30 MW. Once operational, the plant - the first of its kind in the province - will produce about 84 million kWh each year.

SBV to issue pilot FinTech regulations

The State Bank of Vietnam (SBV) will issue pilot regulations on the establishment and development of financial technology (FinTech) enterprises, a senior official said at the launch of the Fintech Challenge Vietnam (FCV) program. SBV Deputy Governor Nguyen Kim Anh said the SBV has received permission from Deputy Prime Minister Vuong Dinh Hue to issue the pilot regulations on the sector. Ms. Kim Anh said FinTech firms have asked if their technological products and services can be applied in real life, as existing regulations are unsuitable for their development.

11M tourist arrivals up 27.8%

Vietnam has welcomed more than 11.6 million international tourists so far this year, a year-on-year increase of 27.8 per cent, according to the Vietnam National Administration of Tourism. More than 1.17 million foreign visitors arrived in Vietnam during November, a 14.4 per cent increase against October. The number of holidaymakers from Asian countries increased 32.6 per cent year-on-year in the first eleven months. Several countries saw strong growth in tourists coming to Vietnam, including China, up 44.9 per cent, South Korea 55.3 per cent, Japan 7.7 per cent, Taiwan (China) 20.9 per cent, and Malaysia 16.5 per cent.

Vietnam a winner at International Robothon Competition 2017

The International Robothon Competition 2017 has been held at Angeles University in the Philippines. Organized by the D&M Music Studio, the competition is an annual event for children between 6 and 13 years old. Vietnam sent 40 teams with 112 students, chosen at the National Robothon Competition held in October and November. Vietnam won one first prize in the elementary challenge category and 14 other awards in the three other categories.

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