Vietnam Morning News For August 15

Vietnam Morning News For August 15

Vietnam morning newsSCIC manages State capital of nearly 20 trillion VND at 141 firms
The State Capital Investment Corporation (SCIC) had invested in 141 businesses as of July 31 with total State capital of almost 19.56 trillion VND (860.6 million USD) among their combined charter capital of nearly 94.93 trillion VND (4.18 billion USD).
— VietnamPlus

Vietnam’s PM wants to speed up credit growth
Vietnam’s prime minister has called for an increase in credit growth to 21% this year to help the communist country hit its economic growth target, state media reported on Monday, potentially adding to concerns over the pace of new lending.
— Bangkok Post

Drilling ship leaves Vietnam oil block after China row
The drilling ship at the center of a row between Vietnam and China over oil prospecting in disputed waters in the South China Sea has arrived in waters off the Malaysian port of Labuan, shipping data in Thomson Reuters Eikon showed on Monday.
— Reuters

Ottogi mulls building second production plant in Vietnam
South Korea’s food maker Ottogi Corp. is reviewing a plan to build another manufacturing plant in Vietnam on top of one already entered into construction phase in the capital Hanoi, in a move to boost competitiveness through economies of scale and further expand its presence at its biggest overseas market.
— Pulse News

H&M to rub shoulder with Zara in HCM.City from this September
After Topshop, Zara, Mango, Vietnamese fashion fans will have more shopping choice when Hennes & Mauritz AB (H&M) first store is officially launched on September 9 this year.
— Vietnam Times

Transport Ministry to inspect ACV capital efficiency
The inspection team will examine ACV’s performance on raising, managing, and employing capital for construction investment, including capital from the National Budget, loans, development capital, and social capital managed by MoT and ACV.
— VietnamNet Bridge

Mekong Capital fund invests in education concern
Mekong Enterprise Fund III buys minority stake in YOLA Joint Stock Company for $4.9 million.
— Vietnam Economic Times

Female founders take charge in Vietnam
The first time Huong Tran pitched a group of Vietnamese investors on Epomi, a beauty retail startup she founded in 2014, she was shocked by their reaction.
— Tech Crunch

Bắc Giang posts high growth in loans
Outstanding loans of credit institutions in the northern province of Bắc Giang touched VNĐ34.4 trillion (US$1.52 billion) in the first seven months of 2017, up 10 per cent since last December.
— Viet Nam News

Chinese businesses trying to overtake pepper market: VN Pepper Association
The price of pepper in the domestic market has fluctuated since late July. On July 28, the price rose from VND80,000 per kilo to VND86,000 in the morning, but dropped unexpectedly to VND82,000 per kilo in the afternoon.
— VietnamNet Bridge

Why Vietnam Continues to Become a Bigger Sourcing Destination
While China still leads as the No.1 sourcing destination for the majority of fashion companies, Vietnam is the rising star. An FN Platform today focused on the reasons why the country is one to watch in sourcing.
— Footwear News

26 enterprises’ equitisation plans approved in seven months
Seven State-owned enterprises’ (SOEs) equitisation plans were approved in July, bringing the total number for the first seven months of 2017 to 26.
— Viet Nam News

Finance Ministry wants to tax second homes to restrict speculation
The revenue from property tax makes up 2 percent of GDP in OECD countries and 0.6 percent in developing economies, according to the ministry.
— VietnamNet Bridge

Đà Nẵng lists 68 PPP projects for investment
The central city has listed 68 Public-Private-Partnership (PPP) projects, 22 of them in the hi-tech sector, calling for investment from domestic and foreign businesses in the 2017-20 period.
— Viet Nam News

Leveraging strategic HR management in the era of digitisation
The current technology era is creating both opportunities and challenges for businesses in the process of enhancing and managing resources, delegates told a seminar in HCM City on Friday.
— Viet Nam News

Oversupply, legal loopholes overshadow rise of the condotels in Vietnam
The recent tourism boom is fueling the rise of condotels in Vietnam, but both officials and industry insiders have warned of a supply surplus and a lack of legal guidelines for the new realty market.
— VnExpress

Slowly but steadily: The demise of print media in Vietnam
The reason becomes obvious when you look at how much the few remaining newspaper vendors are struggling.
— VnExpress

House purchases remain out of foreigners’ reach
Thanks to an acquaintance, he knew that a residential project in District 7 was handing over apartments to buyers and granting them ownership titles.
— VietnamNet Bridge

Interest rate’s decline supported from various factors
The pressure on the exchange rate is not high, with the value of the US dollar falling more than 7 percent compared to early this year, and the possibility of the US Federation Reserve raising its interest rate this year below 50 percent.
— VietnamNet Bridge

HR Awards Forum hears of challenges from Industry 4.0
Forum participants discuss solutions for HR management strategies during the digital era.
— Vietnam Economic Times

Cần Thơ, Japan seek cooperation opportunities in agriculture
Chairman of the People’s Committee of the Mekong Delta city of Cần Thơ Võ Thành Thống on Sunday had a working session with a Japanese delegation to discuss co-operation opportunities in agriculture and personnel training in this sector.
— Viet Nam News

Japan economy posts longest expansion in over a decade
Japan’s economy grew 1.0 percent in the April-June period, notching up its sixth straight quarter of growth and its longest economic expansion in over a decade, government data showed Monday.
— VnExpress

 

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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