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Morning Digest
The Saigon Times Daily
Wednesday,  Jun 13, 2018,09:29 (GMT+7)

Morning Digest

The Saigon Times Daily

Toyota Vietnam has plans to invest an additional US$75 million in its factory in Vinh Phuc Province to double its auto manufacturing capacity in Vietnam - PHOTO: HUNG LE

Toyota doubles capacity in Vietnam

Toyota Vietnam has plans to invest an additional US$75 million in its factory in Vinh Phuc Province to double its auto manufacturing capacity in Vietnam, which is surprising as the company has recently cut down on the number of locally-assembled auto makes.

The factory’s annual capacity will be raised to 90,000 units from the current 45,000 units by 2023. Toyota Vietnam will lease an additional 9.1 hectares of land to expand its production base in Vinh Phuc to around 30 hectares.

New urban projects to affect 50,000 houses in HCMC

New urban development and embellishment projects which are slated to start in the 2018-2020 period in HCMC will affect some 50,000 houses, according to a report of the HCMC Department of Construction.

In the next three years, 526 projects on urban renovation should be deployed, and site clearance will affect 1,600 houses in District 2, about 2,500 houses in District 4, 1,700 others in District 6, some 1,900 houses in District 7 and 15,000 others in District 8.

Cybersecurity, data management crucial for fintech development

The State Bank of Vietnam (SBV) encourages the cooperation between commercial banks and financial technology (fintech) companies but urges the enhancement of cybersecurity and data management to safeguard consumers’ benefits and stabilize the banking system.

At a seminar “The Fourth Industrial Revolution and innovations in the finance-banking sector” held by National Economics University on June 12, Le Anh Dung, director of the Payment Department under SBV, said the central bank will manage fintech firms based on risk assessment instead of the compliance of general principles.

Danang launches apps to introduce tourism events

Visitors and local people in Danang City now can use Zalo and Chabot apps to be kept abreast of upcoming tourism events and activities in the city. Besides, the app Zalo connected with the Call Center 1022 under the Danang Public Service Center will enable tourists to find extra information such as public transportation schedules, while the app Chatbot Danang FantastiCity helps users stay updated with on-going and further events taking place in the coastal city, and even shows them ways to their favorite activities.

Japanese firm launches ChatWork app for Vietnamese enterprises

The Japan-based ChatWork Company, Ltd. on June 12 launched the ChatWork app which boasts plenty of features including text messaging at any time whether the internet is available or not, phone calls, video calls, and file sharing for all file formats. The app targets Vietnamese firms, facilitating their management and operation. ChatWork helps people connect with each other inside a company, among departments, and even interact, work with their partners and clients outside the firm.

Waste containers cause severe traffic congestion at port

Inventory of 8,000 containers storing scrap such as paper and plastics has been attributed to serious traffic congestion at Cat Lai Port in District 2, Nguoi Lao Dong newspaper reported, citing Nguyen Nang Toan, director of Logistics Center at Saigon Newport Corporation.

Toan said that as Vietnam’s environment policy remains loose, the country can become a dumpsite of the world. Vietnam has been the receiving end of waste and scrap from other countries.

Two more prosecuted over asset appropriation case at DongA Bank

Ministry of Public Security investigators have filed charges against two more persons for their alleged involvement in an asset appropriation case at DongA Bank Commercial Joint Stock Bank, according to a report in Nguoi Lao Dong newspaper.

Pham Van Phuoc, former director of Nam Dinh Food JSC, was accused of abusing his position and power to appropriate assets, while Nguyen Thi Cuc, former head of DongA Bank’s Supervisory Board, was charged with lack of responsibility causing serious consequences.

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