Vietnam Morning News For August 14

Vietnam Morning News For August 14

Vietnam morning newsAuto imports headache local experts
According to a report from the General Department of Vietnam Customs, the volume of cars imported from Thailand, which is the largest exporter of cars to Viet Nam, was sharply down to 2,688 units worth $46.7 million, compared with June’s 3,270 units worth $59 million.
— VietnamNet Bridge

Vietnam export revenue forecast to hit US$200 billion
Vietnam can obtain total export revenue of US$200 billion this year, up 13% versus last year, said Nguyen Phu Hoa, deputy head of the Export-Import Department under the Ministry of Industry and Trade.
— VietnamNet Bridge

Free trade deal boosts Vietnam’s petrol imports from South Korea
Vietnamese companies are turning away from Chinese petroleum suppliers in favor of South Korean.
— VnExpress

Mixed response to MoIT circular on milk prices
Several experts have welcomed the new regulations as a move that will promote transparency and protect consumers while respecting the rights of businesses to self-determine prices.
— VietnamNet Bridge

JHC arrives in Vietnam
The first Japan Home Centre (JHC) outlet in Vietnam opened on August 12 in Hanoi’s Cau Giay district, marking the arrival of the retailer in the country.
— Vietnam Economic News

​Vietnam’s FPT sells 30 pct of subsidiary to investment funds
Vietnamese telecoms firm FPT Corp on Friday said it has sold 30 percent of a subsidiary to funds of or associated with funds managers VinaCapital and Dragon Capital.
— Tuoi Tre

Dragon Capital, VinaCapital buy FPT Retail stakes
The value of the deal was not revealed by either FPT or the two funds. FPT will still keep control over its retail unit with a post-sale 55 per cent stake, and the income from the deal may not be recorded in the group’s third-quarter earnings report.
— VietnamNet Bridge

VINASA’s programme honours top 50 IT firms
The programme will prioritise areas of digital transformation, Internet of Things (IoT) and new technology trends in the Fourth Industrial Revolution. According to the organising board, VINASA is receiving entries online at http://leadingitcompanies.com until August 12. Eligible companies must have been set up in Viet Nam and have been operating for at least three years.
— VietnamNet Bridge

Stable H2 economy forecast
Việt Nam’s business climate is anticipated to improve in the second half of 2017, but economic growth will be at 6.5 per cent, falling short of the Government’s target.
— Viet Nam News

HCM City seeks longer visa exemptions
HCM City’s Department of Tourism has proposed the Government extend its visa exemption policy for international tourists from nine countries to 30 days from 15 days to promote tourism development to help reach the city’s target of 10-11 million international tourists in 2020.
— Viet Nam News

Bad debt measures go into effect
A National Assembly resolution on nonperforming loans takes effect tomorrow with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.
— Viet Nam News

Walking zones send land prices skyrocketing in Saigon, Hanoi
Areas around these zones are now some of the most expensive in the country’s two biggest cities.
— VnExpress

Vietnam and Indonesia target US$10 billion trade by 2020
Vietnam and Indonesia should step up their cooperative efforts in order meet the bilateral trade target of US$10 billion by 2020, Vietnamese Minister of Industry and Trade Tran Tuan Anh informed his Indonesia counterpart Enggartiasto Lukita.
— Nhan Dan Online

Hotels, resorts thrive as travelers flock to Vietnam
Grant Thornton’s 2017 report shows that the number of domestic travelers, mostly businesspeople, staying at luxury hotels and resorts (4-5-star) in the last three years (2014-2016) has been increasing rapidly.
— VietnamNet Bridge

Vietjet a winner at M&A Awards 2016-2017
Vietjet Air was recently honored at the M&A Awards 2016-2017 as “The IPO Deal of the Year 2017” and “The Company with the Best M&A Information Disclosure”.
— Vietnam Economic News

Toyota retains lead in auto market
Sales of Toyota motor vehicles totaled 4,291 units in July, equal to 83 per cent of the figure recorded in July last year, but Toyota Motor Vietnam (TMV) retained its leading position among automakers in the country (excluding trucks and buses), according to the company’s latest report.
— Vietnam Economic News

​In Vietnam, cash-strapped youths donate platelets for money
Many Vietnamese undergraduates who are short on money have resorted to regularly donating their platelets for a few extra pennies to put them through college.
— Tuoi Tre

​Ha Long tourism boat design contest winners announced
Visitors to Ha Long Bay wishing to explore the UNESCO Heritage site by boat will soon be welcomed by new vessels with brand new designs selected from one of three competition winners.
Tuoi Tre

Decree declares state monopoly in 20 goods, services
The government has issued Decree No. 94/2017/ND-CP declaring the State will hold the monopoly in the production and trading of 20 goods and services as from October 1 this year.
— VietnamNet Bridge

How rich is Tram Be, the banking tycoon recently arrested?
The police on August 1 issued a decision to prosecute and arrest Tram Be, former vice chair of Sacombank, for ‘deliberately violating State regulations on economic management, causing severe consequences’.
— VietnamNet Bridge

Vietnam business team visits Dhaka
A delegation of Vietnam led by Do Huu Huy, deputy director general of Ministry of Industry and Trade of the country, has recently visited Dhaka for a three-day business trip.
— Prothom Alo

 

Feature photo imke.stahlmann
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

 

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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