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September 28

Released at: 14:00, 28/09/2017 PRESS WATCH

September 28

VET's round-up of news from Vietnamese media for September 28.

Simplification of admin procedures approved

The government has approved the simplification of administrative procedures and civil documents relating to population management under the jurisdiction of the Ministry of Labor, Invalids and Social Affairs. The simplified content relates to administrative procedures in seven areas: occupational safety (four procedures); social security (eleven); vocational education (eight), labor - wage and labor relations (two); prevention of social evils (six); managing overseas workers (five); and employment (ten).

Mekong Delta needs funding to cope with climate change

The Mekong Delta will need VND153 trillion ($6.7 billion) between now and 2020 to cope with climate change, improve resilience, and promote green development, said Mr. Pham Hoang Mai, Head of the Department of Science, Education, Natural Resources and Environment under the Ministry of Planning and Investment. The capital demand is based on the Delta’s master spatial planning, climate change and sea level rise scenarios, the Mekong Delta Plan (MDP), studies on public expenditures of Mekong Delta cities and provinces, and the green and sustainable development plan.

9M agri exports up 14%

Vietnam earned nearly $27 billion from exporting agriculture, forestry, and seafood products in the first nine months of this year, a year-on-year increase of 14.1 per cent, according to the Ministry of Agriculture and Rural Development. Exports of agricultural and seafood products reached $14.38 billion and $5.91 billion, up 17.7 per cent and 18.1 per cent, respectively. 

Hanoi among cities with high tourism growth

Hanoi, Osaka (Japan), Chengu (China), and Abu Dhabi (UAE) are the cities expected to be on tourists’ itineraries over the years to come, according to the latest report on “The City of the Future” from MasterCard. These cities saw a strong increase in tourism in the 2009-2016 period.

VRG sets share volume and price in IPO

The Vietnam Rubber Group (VRG) has decided on the amount and price of shares to be sold at its initial public offering scheduled for next year. The group will auction 475 million shares, equivalent to 11.88 per cent of its charter capital of VND40 trillion ($1.76 billion), to the public, with another 475 million to be offered to strategic investors. The remainder will be sold to the group’s employees and trade union.

Vinfast strengthens leadership

After recruiting Mr. Vo Quang Hue as Deputy CEO - Automotive to oversee the group’s Vinfast manufacturing complex, VinGroup continues to strengthen its executive line-up with the addition of Mr. Jame B.DeLuca, former Executive Vice President of Global Manufacturing at General Motors, to take on the role of General Director at Vinfast from September 25. He will be in charge of building, operating, and developing automobile manufacturing.

Outstanding loans at HCMC banks up 13.5%

Outstanding loans of commercial banks in Ho Chi Minh City in the first nine months of this year rose 13.5 per cent against December last year, to more than VND1,670 trillion ($73.57 billion), a report from the city People’s Committee stated. Loans in Vietnam dong accounted for 90.4 per cent of the total, or more than VND1,500 trillion ($65.2 billion), up 13.2 per cent against December. Loans in foreign currencies stood at VND160 billion ($6.9 million), up 15.4 per cent. Non-performing loans accounted for 4 per cent of the city’s total outstanding loans, down 0.04 percentage points against December last year.

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