Vietnam Morning News For August 16

Vietnam Morning News For August 16

Vietnam morning newsCompetition heats up in the Vietnam soft drink market
According to a report released by the Vietnam Beverage Association, the foreign sector has surpassed the 50% benchmark and is gradually edging out all the domestic competition.
— VietnamNet Bridge

Bac Ninh attracts almost 3 billion USD in investment
The northern province of Bac Ninh has drawn nearly 3 billion USD in investment capital since the start of the year, reported the provincial Management Board of Industrial Parks.
— VietnamPlus

Vietnam pushes divestment in state-owned firms to counter rising public debt: HSBC
There is a new sense of urgency in Vietnam to equitize state-owned enterprises (SOEs) and use the money raised from public offerings to alleviate the government’s fiscal burden, HSBC said in a new report on the country’s economic prospects for August.
— VnExpress

Việt Nam’s exports to Algeria increasing
Việt Nam’s exports to Algeria continued to grow by 29 per cent year-on-year to US$208 million in the first seven months of 2017, according to the General Department of Customs.
— Viet Nam News

Seven-month FDI nears 794 million USD in Dong Nai
Foreign direct investment (FDI) inflow to the southern province of Dong Nai in the first seven months reached nearly 974 million USD, representing 79.4 percent of the yearly plan, according the provincial Industrial Zone Authorities.
— VietnamPlus

Việt Nam safety index improves: Report
Viet Nam’s safety standards have improved backed by strong economic growth and recent regulatory reforms, according to a new safety index released by Underwriters Laboratories (UL) in HCM City on Tuesday.
— Viet Nam News

Small household businesses reject becoming firms
Resolution 35 on supporting and developing enterprises to 2020 set the goal to have at least one million active firms. One of the proposed solutions is to encourage household businesses to convert into legally recognized businesses.
— VietnamNet Bridge

HSBC: Vietnam may miss 3.5% fiscal deficit for 2017
Latest bank report notes the difficulties facing the government in reaching targets.
— Vietnam Economic Times

Top Thai brands exhibition to open in Hanoi
An exhibition featuring “Top Thai Brands” is scheduled to take place in Hanoi from August 17-20, according to the Vietnam National Trade Fair & Advertising Company (Vinexad).
— VietnamPlus

VN accelerates overseas tourism promotion
The Việt Nam National Administration of Tourism (VNAT) will focus on tourism promotion activities abroad from now to the end of the year.
— Viet Nam News

Deputy PM calls on AIA to expand investment in Vietnam
Deputy Prime Minister Vuong Dinh Hue has stressed opportunities for AIA Group Limited to invest in Vietnam’s potential life insurance market.
— Nhan Dan

Cooperation & Struggle: Vietnam’s South China Sea Strategy
A little over a year ago the Permanent Court of Arbitration (PCA) ruled on an application brought by the Philippines against China over their maritime dispute in the South China Sea involving the Spratly Islands. The Tribunal ruled unanimously on almost all of the Philippines’ claims.
— AEC News

Foreign investors sought for BOT projects
The Ministry of Construction (MOC) believes the country needs more reasonable policies that would help improve the quality of BOT projects. Dinh Trong Thinh from the Finance Academy believes this is a good solution in the context of limited resources, but he pointed out that foreign investors are reluctant to participate in BOT projects.
— VietnamNet Bridge

Tra Vinh launches electronic trading platform
Nguyen Trung Hoang, Vice Chairman of Tra Vinh provincial People’s Committee stated that the application of e-commerce aims to enhance the effectiveness of trade promotion activities in and outside the province.
— Nhan Dan

Vietnam – India trade sees strong growth
Vietnam’s total export-import turnover to India reached US$4.24 billion in the first seven months, a year-on-year increase of nearly 43%.
— Nhan Dan

Vietnam, Mongolia news agencies renew cooperation deal
The Vietnam News Agency (VNA) and the Montsame News Agency of Mongolia signed a new cooperation agreement on August 15 to tighten their profession links in the digital era.
— VietnamPlus

Viet Nam, Thailand to strengthen legislative rapport
Leading Vietnamese and Thai lawmakers agreed yesterday to support each other on issues of common concern at international and regional inter-parliamentary forums, thus contributing to peace, stability and development in the Asia-Pacific region.
— Viet Nam News

Italy’s newspaper: Vietnam is emerging as Asia’s new export wonderchild
Under the title “Vietnam’s place in the Asian Century”, the article underlines that from a war-ravaged and impoverished country just a few decades ago, Vietnam is now associated with humming factories, a swelling middle-class, and its emergence as the new export wonder of Asia.
— Vietnam Times

Moody’s: Diversified economy offers Vietnam greater resilience than Cambodia
While both Cambodia and Vietnam share strong growth prospects and risks related to their financial systems, Vietnam’s more diverse economy, stronger institutions, and higher incomes underpin greater shock absorption capacity, Moody’s wrote in an August 15 report.
— Vietnam Economic Times

 

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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