Vietnam Morning News For April 24

Vietnam Morning News For April 24

Vietnam morning news

NA may strip deputy title over Formosa
The National Assembly’s Standing Committee will ask the National Assembly to consider stripping Võ Kim Cự of his NA deputy title for his wrongdoings in the Formosa environmental disaster, said the NA Secretary General Nguyễn Hạnh Phúc on Saturday.
– Viet Nam News

ANZ sells Vietnam retail business to Shinhan Bank
ANZ has agreed to sell its retail business in Vietnam to Shinhan Bank, which is part of the Shinhan Financial Group, a South Korean company.
– hubbis

Proposal to upgrade HCM City airport mooted
It estimates the cost of newly building and upgrading the runway area, terminals and transport system around the airport at around VNĐ19.3 trillion (US$850 million).

Vietnam Bank Aims to Fetch $700 Million Selling Majority Stake
The first Vietnamese bank granted government approval to sell a majority stake to a foreign investor could attract an investment of at least $700 million.
– Bloomberg Markets

Wealth management services launched in Vietnam
“What we are gathering strength to develop now is the wealth management platform. It is now the right time to launch the service,” the banking director of a large bank said.

Trump to touch down in Vietnam this November for Asia-Pacific Economic Meeting
U.S. President Donald Trump will visit Vietnam this November as part of his Asia tour during which he will attend three summits, Vice President Mike Pence said in Jakarta at the headquarters of the Association of Southeast Asian Nations (ASEAN) on Thursday.

New technology ups rice value in Cần Thơ
The installation of automated processing lines in a major rice mill is set to boost hi-tech marking in Can Tho City, officials say.
– Viet Nam News bizhub

Hotel room shortage looms as MICE arrivals increase
A sharp increase in MICE (Meeting, Incentive, Conference and Event) tourist arrivals in HCM City has fuelled concern among tourism firms over possible shortages of hotel rooms and conference halls.
– VietnamPlus

Vietnam food sector needs a complete overhaul
Most Vietnamese businesses in the sector currently lack a commitment to sustainable nutrition— to food that is both made and consumed sustainably. Far too many also show a distinctive lack of concern for public health.

Construction ministry to set condotel rules
The construction ministry will study the legality of condotels and issue technical standards soon to ensure that the development of this new property product is on the right track.
– Viet Nam News bizhub

Key traffic routes for central Vietnam planned
The central province of Quang Nam will start construction this year of key traffic route projects to connect strategic economic zones, sea and air ports in the central provinces and Central Highlands.

Vietnamese firms need improvement in corporate governance – VCCI
Increasingly more domestic companies have been entering the Vietnamese market over the past decade, but they need to improve management capacity in order to raise competitiveness and better respond to business environment changes, the Vietnam Chamber of Commerce and Industry (VCCI) said.

Is Vietnam’s agriculture suffering from “Dutch disease”?
Nguyen Duc Thanh from the Vietnam Institute for Economic and Policy Research (VEPR) believes that Vietnam’s agriculture is suffering from so-called Dutch disease. It is still fumbling for ways to develop, though it leads the world in the output of some products.

Sharp rise in Q1 fertiliser imports
Viet Nam spent US$338 million to import 1.22 million tonnes of fertiliser in the first quarter of this year, up 31.5 per cent in volume and around 24 per cent in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) reported.
– Viet Nam News bizhub

Vietnamese firms set for active mergers season
In late February Indian State-owned mining giant, the National Mineral Development Corporation (NMDC), was in talks with Masan Resources Corporation(MSR) to buy a stake in the latter’s Núi Pháo tungsten mine.
– Viet Nam News

US businesses pledged to support APEC year in Vietnam
During official visit to the U.S, Vietnam’s Deputy Prime Minister and Foreign Minister Pham Binh Minh held separate meetings on April 21 with US Acting Trade Representative Stephen Vaughn.
– Hanoitimes

Soc Trang advised to expand high-yield rice, fruit tree farming
The Mekong Delta province of Soc Trang should expand the cultivation of high-yield rice varieties and fruit trees of its strength, Prime Minister Nguyen Xuan Phuc has told provincial officials.
– VietnamPlus

HCM City district to get a ‘jewellery street’
District 5 in HCM City will honour its venerable goldsmithing tradition by converting Nhiêu Tâm and Nghĩa Thục streets into a so-called jewellery street.
– Viet Nam News

HCM City to develop food industry
The HCM City People’s Committee and the HCM City Food and Foodstuff Association (FFA) last Friday signed a co-operation programme to boost the development of the city’s food and foodstuff industry.
– Viet Nam News


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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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