Asean Morning News Roundup February 17

Asean Morning News Roundup February 17

The Asean Morning News Roundup presents a selection of reports on what you need to know from around the Asean Economic Community (AEC).

 

Asean morning newsAsean Morning News

Compiled by AEC News Today @aecnewstoday

 

Mobilising against measles
The who South-East Asia Region is making rapid progress against vaccine-preventable diseases. The Region was certified polio-free in 2014. Maternal and neonatal tetanus was routed in 2016. And, routine immunisation for diseases such as diphtheria and pertussis continues to expand. More than 90 percent of populations Region-wide are now accessing the life-saving benefits vaccines bring.
— Myanmar Times

ZiICO Offers Affordable Online Legal Services To Smes In ASEAN
ZICO Holdings Inc (ZICO) is offering affordable online legal services to small and medium enterprises (SMEs) in the ASEAN region through its newly acquired unit, ShakeUp Online Sdn Bhd.
— Bernama

CLMV Countries Discuss Developing Regional Tour Packages
(KPL) Tourism officials of Cambodia, Laos, Myanmar and Vietnam (CLMV) met yesterday in Vientiane Capital to discuss the development of regional tourism products in CLMV countries.
Lao News Agency

 

Cambodia morning newsCambodia Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Electronics Get Manufacturing Sector Buzzing
The country’s manufacturing sector is experiencing a significant shift as the dominance of the garment industry wanes and the assembly of other products—notably electronics—booms, a National Bank of Cambodia (NBC) official said on Wednesday.
The Cambodia Daily (paywall)

Slowdown in port container traffic
The Kingdom’s two main ports reported markedly slower growth in container traffic last year due to a fall in import traffic, although exports of garments and agricultural products continued to rise, according to newly released port data.
The Phnom Penh Post 

Borey sales struggle as market conditions weaken further

Ever-increasing competition in Cambodia’s borey market is leading to less than ripe conditions for sales activity, with some boreys reporting marked drops in borey sales.
The Phnom Penh Post 

Phone regulator issues ultimatum
The Telecommunication Regulator of Cambodia (TRC) issued a second directive on Wednesday to all mobile phone operators in the country instructing them to stop placing misleading advertisements in the media that could cause public confusion.
Khmer Times 

Few takers for emergency rice loans
With the Kingdom’s main rice harvesting season wrapping up, just a fraction of a government emergency loan package that aimed at giving millers the liquidity they needed to purchase rice paddy during
the harvest cycle has been disbursed, leaving the government and private sector divided on why.
The Phnom Penh Post 

The new normal: facing climate change
For Cambodia, the El Niño that began in 2015 hit hard, causing a two-year drought that jeopardised the health, food security and finances of millions of people.
The Phnom Penh Post 

Exclusive: Golden FX Link Becomes First Regulated Broker in Cambodia
With the regulatory environment in Europe changing all the time, retail brokers are increasingly looking towards other regions of the world to diversify their client books. There is little doubt that the biggest demographic potential for the retail financial trading industry is found in the Far East.
Finance Magnates

CSX still an ‘illusive heaven’
For many young Cambodians, the lack of knowledge about the basics of the capital market and how it works are the main reasons for them to avoid the country’s fledgling stock exchange – even if it offers them an opportunity to make money.
Khmer Times

 

Indonesia morning newsIndonesia Morning News

Compiled by Vat Vin    @vin_vat

 

Indonesia seeks to reenergize trade with Saudi Arabia
President Joko “Jokowi” Widodo is seeking help from the Saudi Arabian Consultative Assembly, or Majlis Asy-Syura, to improve slowing bilateral trade and economic cooperation between the Middle Eastern country and Indonesia.
The Jakarta Post

Jokowi wants North Sumatra to become international hub
President Joko “Jokowi” Widodo has instructed his ministers to prepare North Sumatra to become an international hub because geographically, the province is strategically positioned in the international shipping line.
The Jakarta Post

Government disburses Rp 18.54b trillion for trans-Papua highway
The government has so far disbursed some 18.54 trillion (US$1.39 billion) for the construction of the trans-Papua highway, which is being funded by multi- year state budgets from 2015 to 2017, an official has said.
The Jakarta Post

Indonesia’s central bank holds key rate
Indonesia´s central bank kept its key interest rate unchanged on Thursday and said monetary policy remains “cautiously accommodative” though it is keeping an eye on inflation pressures.
The News International

China’s Tencent in talks to invest in Indonesian unicorn Go-Jek
Chinese internet giant company Tencent Holdings is reportedly in talks with Indonesian unicorn app Go-Jek about a possible investment, according to The Information. There are no details yet on the potential size of the investment.
Deal Street Asia

Maybank Indonesia plans to issue bonds and hold rights issue
Malaysian-owned lender Bank Maybank Indonesia plans to issue bonds in the first half of the year and hold a rights issue in the second half to support credit expansion.
The Jakarta Post

Action needed to lure 10 million Chinese tourists to Indonesia
Shì shí shèng yú xióng biàn (actions speak louder than words), according to the Chinese proverb and more action is what Indonesia needs to realize its ambitious goal to attract 10 million tourists from the world’s second-largest economy by 2019.
The Jakarta Post

Expo set to showcase Indonesian products
THE Consulate General of Indonesia will hold the first Indonesia Food and Beverage Expo and the Indonesian Culinary Festival on March 17 to 19 to promote more Indonesian products in preparation for the Davao-General Santos- Bitung Roro route to be launched on April 28.
SunStar

Pertamina begins Balongan refinery upgrades
State-owned oil and gas firm Pertamina officially started construction on Thursday of a submarine pipe line and single-point mooring at the Balongan refinery in West Java, part of the company’s grand plan to upgrade and construct several refineries across the nation.
The Jakarta Post

Indonesian trade posts $1.4 billion surplus
Indonesian trade posted a US$1.4 billion surplus in January, a drastic surge from only $10 million in January 2016, the Central Statistics Agency (BPS) has said.
The Jakarta Post

SMEs in Surabaya seek access to shopping malls
The Indonesian Chamber of Commerce and Industry (Kadin) has called on Surabaya Mayor Tri Rismaharini to give small and medium enterprises (SMEs) better access to shopping malls in the East Java capital.
The Jakarta Post

 

Lao PDR morning newsLao PDR Morning News

 Compiled by Vat Vin    @vin_vat

 

Lao, EU discuss cooperation ties
The Ministry of Planning and Investment and the EU held the biannual Laos-EU cooperation working group yesterday, seeking to review ongoing bilateral cooperation, explore opportunities and confirm priorities for future cooperation.
Vientiane Times

KB Kolao Leasing Enters Lao Local Leasing Market

As a part of its regional expansion strategy, the KB Financial Group, a South Korean financial holding company, has brought its tremendous international resources and know-how to invest in the Lao leasing market.
The Laotian Times

Ford Motor Supports Safe Water in Phoukhoun
Ford Motor Company and Lao Ford City have donated US$25,000 to support the building of a safe water system for three target villages of Phoukhoun district, Luang Prabang Province.
Lao News Agency

Lao, Vietnamese Legislative Bodies Bolster Cooperation
Representatives of the Institute for Legislative Research under the Lao National Assembly Standing Committee and the Vietnamese National Assembly (NA) Committee for Deputy Affairs have agreed to further promote cooperation between the two agencies.
Lao News Agency

Lao, EU discuss cooperation ties
The Ministry of Planning and Investment and the EU held the biannual Laos-EU cooperation working group yesterday, seeking to review ongoing bilateral cooperation, explore opportunities and confirm priorities for future
cooperation.
Vientiane Times

Khammuan confiscates large illegal timber haul
Yommalath district authorities in Khammuan province this week seized illegally harvested timber which was hidden inside a shipping container and buried underground at a sawmill in Donpeuay village.
Vientiane Times

Local radio needs to innovate and streamline operations
Domestic radio stations have to seek ways to make their operations more efficient while adapting to competition from new media.
Vientiane Times

Govt approves draft laws for parliamentary debate
The government cabinet yesterday approved seven newly and amended draft laws, which will be submitted for debate to the upcoming ordinary session of the National Assembly (NA) scheduled for April.
Vientiane Times

ASIA’S FUTURE CITIES: Laos capital on the road to modern public transport system?
The motorcycle is king in the Laos capital.
But in rapid fashion, its mantle on the streets of Vientiane is being challenged – by the car
Channel NewsAsia

Australia to Further Support for SMEs with over US$6 mln
The Australian Government is providing over US$6 million of financial support to the Bank of Lao PDR and the United Nations Capital Development Fund (UNCDF) to expand microfinance services for over 150,000 small and medium enterprises across the country.
Lao News Agency

List of Eligible and Prohibited Wooden Products for Export Disseminated
More than 80 representatives from Industry and Commerce sectors nationwide and businesspeople met at a meeting held on Thursday in Vientiane to equip themselves with broader knowledge of the Decision on the Approval of the List of Eligible and Prohibited Wooden Products for Export
Lao News Agency

Authorities take action against illegal satellite receivers
Authorities have called for joint action to prevent illegal imports of satellite receivers after learning the receivers have been imported without permission from the relevant departments.
Vientiane Times

 

Malaysia morning newsMalaysia Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

Malaysians look to buying new property as economy grows
Experts forecast 2017 will be another year of steady property prices, but real estate website Property Guru says Malaysians are now accepting market realities and adjusting expectations.
— Channel NewsAsia

Malaysia’s GDP Proof Of Healthy Economy — Najib
The gross domestic product (GDP) growth of 4.5 per cent in the fourth quarter of 2016 has once again proved that the country is not on the edge of bankruptcy and in crisis, as alleged by the opposition, said Prime Minister Datuk Seri Najib Tun Razak.
— Bernama

Special Task Force To Iron Out Foreign Workers Issue In 30 Days – Ahmad Zahid
A special task force, consisting of the Home Ministry and the Human Resource Ministry, has been set up to address the foreign workers’ employment issues, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
— Bernama

Bank Negara to cooperate with forex task force, but…
Bank Negara has pledged to extend its full cooperation to the special task force to investigate the forex losses, which it pointed out in a media statement, “happened more than 25 years ago”.
— Malaysiakini

Grab launches carpool GrabShare in Malaysia, Philippines
Southeast Asian ride hailing platform Grab has launched commercial car-pooling system GrabShare in Malaysia and Philippines, which the company claims would be cheaper by at least 30 per cent for passengers and also reduce traffic congestion.
— Deal Street Asia

MY: Wah Seong acquires German firm for $20.6m; Berjaya Land sells Vietnam property for $14.65m
Wah Seong Group has acquired a Germany-based pipe coating firm, mutares Holding-16 AG for $20.6 million. Meanwhile, Berjaya Land Bhd has announced the sale of its entire 70 per cent stake in Berjaya Long Beach Limited Liability Company to Vietnam’s Sulyna Hospitality Hotel Restaurant Travel Service Company Ltd for $14.65 million.
— Deal Street Asia

Najib Urges Malaysian Construction Firms To Become Global Giants
Malaysian construction firms must work towards becoming regional and global construction and engineering giants, said Prime Minister Datuk Seri Najib Tun Razak.
— Bernama

Railwaymen’s Union threatens to picket in Liow’s constituency
The Railwaymen’s Union of Malaya (RUM) has threatened to protest in Transport Ministry Liow Tiong Lai’s constituency if he refuses to engage them on the railway network access agreement.
— Malaysiakini

Authorities urged to end Valet Doa’s ‘pay per prayer’
The Fatwa Council and the Islamic Development Department (Jakim) must issue guidelines to stop individuals from “commercialising religion”, said the Muslim Consumers Association (PPIM).
— Malaysiakini

‘K’tan pact on forest degradation not in line with UN conventions’
An agreement signed between the Kelantan government and a private company on the initiative to reduce emissions from deforestation and forest degradation (REDD) did not meet the conditions of the United Nations (UN) framework for convention on climate change (UNFCCC).
— Malaysiakini

Despite party’s bluster, DAP reps cool on rally to reject Hadi’s Bill
The BEBAS rally to reject Datuk Seri Hadi Awang’s Shariah Bill has found little support among DAP leaders, despite their party’s denunciation of the PAS president’s effort.
— Malay Malay Online

 

Myanmar morning newsMyanmar Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

Myanmar and Israeli eye surgeons conduct free surgery
Myanmar eye surgeons along with their fellow doctors from a voluntary organisation from Israel named ‘Eye from Zion’ will be giving free oculoplastic surgery for patients with eye problems and glaucoma over a period of three days this month.
— Myanmar Times

Businesses-to-population ratio Myanmar lowest in region
The ratio of private businesses-to-population of Myanmar is about three times lower than that of the least-developed countries in the region, according to the Myanmar Business Survey (MBS).
— Myanmar Times

Security tightened in Rakhine since October: MOHA
Since the onset of violent attacks in Rakhine State on October 9, security measures have been heightened to ensure the sovereignty and safety of the Rakhine borders, Ministry of Home Affairs deputy minister Major General Aung Soe said at the Pyithu Hluttaw session on February 15.
— Myanmar Times

Cards to adopt EMV to meet ASEAN standard
The Central Bank of Myanmar has required local banks to upgrade the card payment technology, as a step toward integrating the payment system with the ASEAN region.
— Myanmar Times

Restoration of Alaungtaw Katthapa National Park
A 10-year habitat restoration program is being drafted for Alaungtaw Katthapa National Park in Sagaing Region, according to the Ministry of Natural Resources and Environmental Conservation.
— Myanmar Times

Land owners face prosecution over illegal timber, says Yangon Forest Department
Owners of timber yards will be prosecuted if illegal timber is found stored on their land, warned the Yangon Forest Department.
— Myanmar Times

Lower House receives pasture policy proposal
A Lower House MP proposed a pasture policy to Parliament on Wednesday.
— Eleven

Myanmar mulls more beach resorts
Myanmar’s Rakhine state government has issued a proposal to the union government to open seven new beach resorts in Gwa Township and two in Thandwe Township.
— TTR Weekly

Myanmar Government Ends Security Lockdown in Volatile Northern Rakhine State
The Myanmar military has ended its much criticized four-month security operation in troubled northern Rakhine state, imposed after deadly attacks on border guard posts, the government’s newly appointed national security advisor said Wednesday.
— Radio Free Asia

India: Rohingya and Bangladeshis Living in Jammu Fear Expulsion
Anxiety is growing among thousands of Rohingya refugees and Bangladeshi migrants who live in Indian Kashmir’s Jammu city over calls by mainstream political parties, including India’s ruling Hindu nationalist BJP, to kick them out and even deport them.
— Radio Free Asia

Myanmar Dealbook: Thai T2P partners City Mart; New tourism accelerators
Thailand’s fintech startup T2P has agreed to partner with Myanmar’s City Mart Holdings. In another development, Myanmar will see the creation of two accelerators dedicated to tourism sector startups.
— Deal Street Asia

Myanmar to launch US$16m traffic control centre in Yangon
The largest city in Myanmar will soon be launching a new control system to help manage its traffic congestion, the first of its kind in the country.
— Channel NewsAsia

 

Philippines morning newsPhilippines Morning News

Compiled by Jose Rodriguez Senas    @15Souter

 

Hot money inflows hit $301M in Jan.
The Bangko Sentral ng Pilipinas (BSP) monitored $301 million worth of net foreign portfolio investment inflows for the month of January, a “major” reversal of the outflows in December, 2016 of $315 million.
Manila Bulletin

DOE seeks Palace intervention on power projects
The proposed executive order (EO) declaring power projects of national significance will be critical in boosting supply beyond 2019 and in connecting the Visayas and Mindanao grids by 2020, Energy Secretary Alfonso Cusi said yesterday.
Philippine Star

More PH firms turns pessimistic
More Filipino businesses have turned pessimistic about prospects this year as they brace for the impact of the Trump administration’s protectionist policies, banking giant Standard Chartered Bank said.
Philippine Daily Inquirer

Philippine Auto Industry Kicks Off 2017 with 27.8% January Growth
The Philippine Automotive Industry is off to a good start this year as it posted an impressive 27.8% growth in January compared to last year’s sales numbers.
Yahoo News

Japan Turns a Blind Eye to Philippines’ Abusive ‘Drug War’
For the Japanese government, it’s business as usual with the Philippines despite President Rodrigo Duterte’s abusive “war on drugs.”
Human Rights Watch

Court upholds Marcos protest
THE Supreme Court, sitting as the Presidential Electoral Tribunal (PET), has allowed former senator Ferdinand “Bongbong” Marcos Jr.’s election protest against Vice President Maria Leonor “Leni” Robredo to proceed, declaring it “sufficient in form and substance.”
Manila Times

BoC aims for P150B increase in annual revenue collection
CUSTOMS Commissioner Nicanor Faeldon said he is aiming to raise the Bureau Customs’ annual take by P150 billion after an overhaul of the agency, including the hiring of new personnel and raising salaries.
Manila Times

Salary increases slowing down: survey
Salary increases in the private sector are slowing down as employers hold off on adjustments to make sure top performers are rewarded, according to a survey released Thursday.
ABS-CBN

SC restores tax exemption for minimum wage earners
The Supreme Court (SC) ruled as null and void several provisions of the revenue regulations (RR) that allow tax exemptions for minimum wage earners (MWE)
Philippine Star

BPI 2016 net income grows 21% to P22.1B
The Ayala group’s Bank of the Philippine Islands (BPI) said its 2016 net income surged 20.9 percent to P22.1 billion from P18.37 billion in 2015 on the back of strong growth in net interest and non-interest income.
Manila Times

 

Singapore morning newsSingapore Morning News

Compiled by Jose Rodriguez Senas    @15Souter

 

Singapore economy grows 2% in 2016, helped by strong Q4
Singapore’s economy expanded 2 per cent last year, propped up by a strong showing in the fourth quarter as manufacturing output surged, according to data released by the Ministry of Trade and Industry (MTI) on Friday (Feb 17).
Channel NewsAsia

Singapore: $100m CapBridge Investment Trust to offer institutions tech startup exposure
CapBridge is launching a $100 million pre-IPO (initial public offering) fund in collaboration with Gordian Capital. This is a sub-trust fund under the CapBridge Investment Trust (CIT) said to be a rules-based trust investing in private securities.
Deal Street Asia

Income inequality lowest in 10 years
The median monthly income for employed households grew last year, but at a slower rate than in 2015, statistics released by the Government yesterday showed.
The New Paper

SGX seeks feedback before launch of dual-class shares
The Singapore Exchange (SGX) has launched a two-monty public consultation on the matter of introducing a dual class share (DCS) structure; a share structure where certain shares possess higher voting rights than others.
Deal Street Asia

Rethinking Singapore’s education: from emphasis on grades to constant retraining of workers
After being left out of opportunities to advance her career, Clare Lim quit her job in the communications industry last year and went back to school in hopes of getting a better-paid opportunity when she graduates
CNBC

Lift-off: Singapore wants to shoot for the stars
It is not just Buzz Lightyear who wants to go to infinity and beyond. Like the Toy Story star, Singapore too has space ambitions.
Straits Times (paywall)

IAG to open insurtech hub in Singapore
A decade-long relationship with the Singapore central bank has resulted in IAG becoming the first  Australian insurer to set up an insurtech hub in Singapore, under a regulatory regime that the company says offers tax incentives and collaboration opportunities not always found in Australia.
Financial Review

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo-journ

 

Thailand keen to work with India on FTA
Thailand wants to work with India for conclusion of negotiations for the comprehensive free trade agreement which aims to promote economic cooperation between the two nations.
– The Economic Times

Thailand lays out ambitious plan to become ASEAN hub
Having been led by a military junta since 2014 and seen new King Maha Vajiralongkorn take the throne, Thailand is aiming to transform the country into an ASEAN financial hub through a state-driven innovation and value-based economic model.
– The Jakarta Post

THAILAND: Rice Production Rebounds Following El Nino
Thailand recovered in 2016 from a severe two-year El Niño-related drought, which had substantially reduced irrigation supplies and rice acreage in the country. Bountiful rainfall during the recent wet season replenished important reservoirs which supply the agricultural sector and enabled the government to lift restrictions on irrigated rice acreage during the 2016-17 dry season (November through May).
– ReliefWeb

Graft rankings show regime isn’t doing enough
The Thai Ministry of Commerce’s pursuit of 20 billion baht in compensation from its former minister and his five associates for their involvement in the allegedly “fake” government-to-government rice deals raises the question of how ingrained corruption in Thailand actually is.
– Bangkok Post

Goup urges NACC to probe alleged bribery at THAI, PTT
THE NATIONAL Anti-Corruption Commission must lead an investigation into alleged bribery and corruption at Thai Airways International and PTT, a private anti-corruption group said yesterday.
– The Nation

Twenty raids as police continue crackdown on software pirates
THE ECONOMIC Crime Suppression Division (ECD) of the Royal Thai Police has kicked off the year with a continued effort to reduce software piracy in Thailand.
– The Nation

Ageing society guides design focus that meets seniors’ needs
RESIDENTIAL DESIGN that serves the needs of an increasingly ageing society is seen as an important and growing trend for developers in the years ahead, as nearly one-third of the Thai population will be over 60 by 2031, according to the Office of the National Economic and Social Development Board.
– The Nation

PayPal Thailand works to boost account number of merchants
DIGITAL payment provider PayPal Thailand plans to expand its merchant base mainly in the tourism sector, which is a high-growth market for cross-border purchases via mobile devices.
– The Nation

Wealthy Thais gaining appetite for riskier investments
Regulatory reforms have paved the way in Thailand for growing interest in offshore investing. Attention now needs to focus on the infrastructure to facilitate this.
– Hubbis

Police chief files defamation charges against critics of Thai police
The Thai police chief has filed criminal defamation charges against speakers at a discussion critical of the police force.
– Prachatai

First jungle cats seen in Thailand for 40 years
A freelance photographer has taken pictures of jungle cats in the wild in a Chiang Mai forest, four decades after they were thought to be extinct in Thailand.
– Bangkok Post

 

Vietnam morning newsVietnam Morning News

Compiled by John Le Fevre    @photo-journ

 

Logistics expected to make up 8-10% of Vietnam’s GDP by 2025
Vietnam’s logistics sector is expected to make up between 8% and 10% of the country’s gross domestic product (GDP) by 2025, Vietnam News Agency (VNA) reported.
– The Star Online

New lending rules come into effect from March
A new circular on lending activities of credit institutions and foreign bank branches is expected to overhaul the regulatory framework applicable to the activities in Việt Nam.
– Viet Nam News

Ministry to revise policies on international schools in Vietnam
Decree 73 issued in 2012 stipulated that foreign-owned nurseries would only be permitted to admit foreign children as Vietnamese children below the age of five years are banned from internationally-run schools. The numbers of Vietnamese pupils at foreign-invested primary and secondary schools in Vietnam are currently capped at 10% of their total student number and 20% for high schools.
– Viet nam Net

Vietnam Shrugs Off the Loss of TPP
Because of its export-driven economy, Vietnam probably would have benefited from the Trans-Pacific Partnership trade treaty more than any other nation. Now that President Donald Trump has withdrawn the U.S. from the deal, Vietnam is turning to its Asian neighbors.
– Bloomberg

Survey: Many Japan firms plan expansion in Vietnam
JETRO yesterday announced findings from a survey among 10,983 Japanese companies in 20 markets in the Asia Pacific last year. Conducted in one month starting on October 11 last year, the survey was attended by 1,285 Japanese businesses active in Vietnam and 639 of them submitted valid responses.
– Vietnam Net

Vietnam raises border alert following Cambodia bird flu outbreak
There’s a very high risk of the deadly virus spreading given the hot weather and busy border trade.
– VN Express

Gov’t, ministries, bankers and businesses cooperate to breed shrimp
The Ministry of Agriculture and Rural Development (MARD) said it hoped the shrimp export turnover would climb to $10 billion a year by 2030. However, Phuc said the target was too low and that this can be reached sooner, by 2025.
– Vietnam Net

Death in the air: Pollution-related fatalities see sharp rise in Vietnam
A new environment study paints a very bleak picture of Vietnam, measuring its air pollution as the second deadliest in Southeast Asia in terms of the raw number of premature deaths.
– VN Express

Vietnam’s Party chief orders probe into CEO-turned-politician over tangled business ties
The vice minister of industry and trade reportedly holds shares worth $4.3 million in a company she ran when it was state-owned.
– VN Express

With Vietjet on deck, 2017 airline stocks could soar
Airline stocks may ride a rising wave this year with the debut of budget airline Vietjet on the HCM Stock Exchange later this month, in a scenario similar to the impact of Sabeco’s 2016 listing on of beer stocks in general.
– Viet Nam News

MoIT to lower logistics costs
he Ministry of Industry and Trade (MoIT) has drafted an action plan to lower logistics costs to 18 per cent of the country’s gross domestic product (GDP) by 2020. It also targeted to bring Việt Nam into the top 50 countries with developed logistics services.
– Viet Nam News

Vietnam’s e-commerce player Tiki to focus on payment, tech platforms
Tiki, one of Vietnam’s earliest e-commerce companies, is looking to invest into fulfillment systems, payments and technology platforms even as it seeks to diversify its product portfolio.
– Deal Street Asia

Zika infections reach 233 in Vietnam
Vietnam reported 13 new Zika cases, this year, raising total infections of the mosquito-borne virus to 233 since last summer.
– VN Express

Japanese tariffs hobble Vietnamese tuna exports
Vietnam’s tuna exports to Japan have steadily declined since 2013 due to exceptionally high tariffs, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
– VN Express

 

 

The Asean Morning News Roundup is compiled by the editorial team at AEC News Today.

 

 

 

 

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