Vietnam Morning News For August 18

Vietnam Morning News For August 18

Vietnam morning newsSOEs facing divestment to be made public soon
At the meeting with MPI, ministries of Finance and Justice, as well as the Government Steering Committee on Corporate Renovation and Development, Huệ asked the MPI to submit the list of SOEs to be divested by 2020 to Prime Minister Nguyễn Xuân Phúc for approval.
— VietnamNet Bridge

MoF considers excise taxes on soft drinks
The Ministry of Finance (MoF) has proposed the addition of soft drinks to the list of goods subject to special consumption tax, including carbonated soft drinks, non-carbonated soft drinks, energy tea drinks, and instant coffee.
— Vietnam Economic Times

Vietnam fires vice trade minister amid graft crackdown
Vietnam (AP) ” Vietnam’s vice trade minister has been fired for alleged wrongdoing as the ruling Communist Party widened its crackdown on corruption.
— New Zealand Herald

Tata builds freeze-dried coffee plant in Vietnam
India’s Tata Coffee Ltd., Asia’s largest coffee plantation company, began construction of a freeze-dried coffee plant in Vietnam on August 16.
— VietnamPlus

Omnichannel marketing provides sales boost
Omnichannel activities bring major sales to enterprises, CEO of Bizweb, Mr. Tran Trong Tuyen, told the Vietnam Online Marketing Forum (VOMF 2017) on August 17 in Hanoi.
— Vietnam Economic Times

New programme to tighten control of catfish exported to US
The Ministry of Agriculture and Rural Development (MARD) has issued a safety control programme designed for Siluriformes fish (mainly tra and basa) and related products exported to the US market as part of efforts to adapt to new changes in the market.
— VietnamPlus

Banks’ messy cross-ownership resembles ‘bamboo shavings’
Duong Cong Minh, former chair of LienVietPost Bank, before running for the post of chair of Sacombank, sold all the shares he was holding in LienVietPost Bank. And so did Him Lam Group.
— VietnamNet Bridge

Deputy PM welcomes Kirin’s stronger investment in Vietnam
Deputy Prime Minister Vuong Dinh Hue has hailed the Kirin Holdings Co. Ltd’s investment expansion in Vietnam as a right decision since the country’s beer and beverage market boasts huge potential.
— VietnamPlus

​4G internet speed in Vietnam continues to disappoint
Despite telecom carriers offering price promotions that have made 4G data plans in Vietnam even cheaper than 3G packages, many customers remain reluctant to make the switch.
— Tuoi Tre

ADB increases trade finance to $75m for TPBank
Tien Phong Commercial Joint-Stock Bank (TPBank) has received US$45 million from the Asian Development Bank (ADB)’s Trade Finance Programme (TFP), bringing the total to $75 million.
— Bizhub

Central coast in spotlight
Central Vietnam features a coastline of scenic beaches which have attracted a growing number of domestic and international tourists in recent years. Consequently, the coastal cities of Danang, Nha Trang, and Hoi An have become popular second-home markets, with completed infrastructure as well as a plethora of living and entertainment services.
— VietnamNet Bridge

​Vietnam’s aviation sector told to increase on-time performance
The Vietnamese aviation sector’s contribution to the state budget is not correlating to the industry’s steady growth, according to a working panel established by the prime minister.
— Tuoi Tre

Cabinet blamed for problematic budget estimating, allocation planning
The National Assembly Standing Committee (NASC) has requested the Government, ministries and sectors to learn from experience in budget estimating and allocation planning which have become problematic recently.
— VietnamPlus

Foreign investors register $1.2 billion for piece in VPBank
According to To Hai, director of Viet Capital Securities (VCSC), VPBank’s shares are listed on the Ho Chi Minh City Stock Exchange (HoSE) at the price of VND39,000 ($1.7) per share, however, numerous foreign investors registered to buy at higher prices.
— VietnamNet Bridge

Ugandan businessman appointed Vietnam consul
Ugandan businessman Caesar Augustine Mulenga has been appointed the new Honorary Consul of the Socialist Republic of Vietnam to Uganda.
— New Vision

Thailand-Vietnam sign 10 deals for greater coooperation
Thailand and Vietnam on Thursday signed 10 deals for cooperation in trade, investment, science and technology as Vietnamese Prime Minister Nguyen Van Phuc led a delegation to a three-day visit to the Kingdom.
— The Nation

3rd APEC senior officials meeting to open in Vietnam’s HCM City
The third Asia-Pacific Economic Cooperation (APEC) Senior Officials’ Meeting (SOM 3) and related meetings will take place in Vietnam’s Ho Chi Minh City from Aug. 18 to Aug. 30, the country’s foreign ministry announced here Thursday.
— Xinhua

Vietnam’s former capital to install security cameras across entire city
Public security in Hue and the city’s sidewalks will be under the watchful eye of the new network.
— VnExpress

VN-Australia two-way trade value hits USD 3.63 billion in the first seven months
Accordingly, from January to July, Vietnam’s exports value to Australia hit nearly US$ 1.87 billion (up 21.4% ) while imports value from the trade partner was recorded at US$ 1.76 billion (up 34%) against the same period last year.
— Vietnam Times

Caritas delivers aid to flood victims in Vietnam’s northwest
Caritas workers are providing emergency aid to flood victims in remote northwestern provinces of Vietnam where activities by Catholics are restricted by the communist government.
— UCA News

Guess how many people are jamming into Saigon? Hint: It’s as bad as Tokyo
The city leader is blaming its rapidly rising population, far outstripping the 2025 projection, for exacerbating traffic chaos.
— 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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