19:54 (GMT +7) - Friday 20/07/2018


October 3

Released at: 11:20, 03/10/2017 PRESS WATCH

October 3

VET's round-up of news from Vietnamese media for October 3.

Uber CEO leaves

Uber Vietnam has officially confirmed that Mr. Dang Viet Dung is no longer its CEO from October 1, but did not disclose why he resigned or announce a replacement. In three years, Mr. Dung built a customer base of 4 million users.

September PMI at 53.3

Vietnam’s manufacturing Purchasing Managers’ Index (PMI) rose from 51.8 in August to 53.3 in September, according to a report released by Nikkei on October 2. A reading above 50 indicates economic expansion, while one below 50 means a contraction in the manufacturing sector. The rising PMI was attributed to growing consumption demand, which led to an increase in output, new orders, and employment.

CJ Logistics offers higher price for Gemadept

CJ Logistics, formerly CJ Korea Express, has offered a higher price than its competitor the Taekwang Industry Company to take over Gemadept, the largest logistics firm in Vietnam, aiming to realize its ambition to become one of the five largest logistics firms in the world.

MoIC to cut procedures

The Ministry of Information and Communications has announced that it has reviewed and proposed the removal of 43 conditions in management, the provision and use of internet services, and information on the internet. The removal of the 43 procedures cuts a number of unnecessary requirements and unclear business conditions. It is expected that a draft decree amending and supplementing Decree No. 72 will be issued in the fourth quarter.

Expats earning well in Vietnam

Many expats are able to earn higher incomes and save more than in their home countries after moving to Vietnam for work, and also have greater opportunities for career advancement, according to the HSBC Expat Explorer survey. Expats in Vietnam can earn an average of $88,096 a year and 36 per cent of them earn 25 per cent more income. The survey showed that 72 per cent of respondents said they save more in Vietnam and 67 per cent have more disposable income than they did back home. These percentages are higher than the global average of 52 per cent and 57 per cent, respectively.

Phu Yen identifies sites with potential for solar power

The south-central province of Phu Yen has identified 14 sites deemed to have major potential for solar energy plants in order to call for investors. The sites have a total area of nearly 5,160 ha, of which four sites with 3,900 ha cover the water surfaces of four hydropower reservoirs - Song Hinh, Song Ba Ha, Buon Duc and Phu Xuan - in the three mountainous districts of Song Hinh, Son Hoa, and Dong Xuan. 

Samsung to support companies in joining supply chains

A team of experts from Samsung will support three Vietnamese firms in improving their competitiveness and capacity to join its supply chains in Vietnam and the world. Minh Man Printing Trading Production, Nhat Minh Design Manufacture, and Vinavit will be provided with the necessary training documents and free consulting services from the South Korean giant.

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