Vietnam 

Hà Nội proposes tightened management of social network businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under stricter management. — Photo vietbao.vn Viet Nam News HÀ NỘI — The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under the same management as e-commerce websites. E-commerce websites that violate regulations may be shut down under the law and have their domain names revoked. In addition, there should be close co-ordination between…

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Vietnam 

MobiFone proposes 5G testing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

MobiFone has asked the Ministry of Information and Communications’ petition to test 5G in Hà Nội and HCM City. — Photo bizlive.vn Viet Nam News HÀ NỘI — MobiFone Telecommunications Corporation (MobiFone) has sent a proposal to the Ministry of Information and Communications to test 5G service in Hà Nội and HCM City to evaluate technology and the market before official implementation, said its general director Nguyễn Đăng Nguyên. Specifically, MobiFone asked for a 5G trial licence from September last year. After that, MobiFone has asked the Ministry…

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Vietnam 

ACV proposes $487m to build new terminal at HCMC airport – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

ACV has proposed a new terminal with a capacity of 20 million passengers per year to improve service quality as well as overcrowding. — Photo trithucvn.net Viet Nam News HÀ NỘI — The Airports Corporation of Việt Nam (ACV) has sent a proposal to the Ministry of Transport (MoT) with plans to build a third passenger terminal (T3) at Tân Sơn Nhất International Airport. The new terminal has a total investment of more than VNĐ11.43 trillion (US$488 million) and ACV proposed to invest 100 per cent by the…

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Vietnam 

MoIT proposes to resolve Thái Bình 2 power plant’s difficulties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) has sent a document to Prime Minister Nguyễn Xuân Phúc following PetroVietnam’s proposal to use VNĐ2.5 trillion (US$107.7 million) from its provision cost to complete the much-delayed Thái Bình 2 plant. Earlier, the Việt Nam National Oil and Gas Group (PetroVietnam) – the investor of the VNĐ41 trillion ($1.827 billion) Thái Bình 2 project – submitted a proposal to the ministry to use the project’s provision cost and some of PetroVietnam’s profits to resolve the difficulties.…

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Vietnam 

VCCI proposes eliminating 22 conditional business sectors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Rice loaded for export. Rice export would be among the 22 sectors which could see fewer business conditions. — Photo vneconomy.vn Viet Nam News HÀ NỘI — The Việt Nam Chamber of Commerce and Industry (VCCI) has proposed removing conditions for 22 business sectors including rice export, trade arbitration, accounting services, debt purchasing, customs procedures and logistics services. VCCI sent a document to the Legal Department under the Ministry of Planning and Investment asking to revise the list of conditional business sectors laid out in the amended Investment…

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Vietnam 

Russia’s Ural Airlines proposes route to Phú Yên – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Tuy Hòa Airport. — Photo easyfly.club Viet Nam News HÀ NỘI — Ural Airlines, Russia’s fourth largest carrier, has proposed an air route connecting Russia with the south central province of Phú Yên, baodautu.vn reported. The carrier has submitted this proposal to the Civil Aviation Authority of Việt Nam, the Ministry of Transport and the Phú Yên People’s Committee, the online newspaper cited Nguyễn Bá Khải, deputy head of the provincial Transport Department as saying. According to Khải, four flights will be deployed on the route each…

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Investment 

Hong Kong securities watchdog proposes cap on margin financing as risks rise to worrying levels

Hong Kong’s securities watchdog has proposed a new cap on margin financing by brokerages to investors as the risks have risen to worrying levels, but brokers are concerned that the new rules would reduce market liquidity. Under the proposal released on Friday as part of a two-month consultation until October 18, the Securities and Futures Commission (SFC) will impose restrictions on brokers, which stipulates that their total margin financing loan offered to clients to buy stocks, must be between two to five times their respective capital. This compares with four…

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