Vietnam Morning News For August 30

Vietnam Morning News For August 30

Vietnam morning newsVN exporters urged to follow rules
Viet Nam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements.
— Bizhub

Vietnam’s trade deficit hits 2.13 billion USD in first eight months
Vietnam’s trade deficit was estimated to hit 2.13 billion USD in the first eight months of 2017, according to the General Department of Vietnam Customs.
— Vietnam Plus

Vietnam Proposes Numerous Tax Hikes
Vietnam’s Ministry of Finance has recently introduced a draft of amendments to various taxes such as Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax, and Natural Resources Protection Tax.
— Vietnam Briefing

Agro-forestry-fisheries exports hit $23.6 billion in eight months
The total export value of agricultural, forestry and fishery products in the first eight months of this year hit US$23.66 billion, a year-on-year increase of 13.5 per cent, according to statistics of the Ministry of Agriculture and Rural Development (MARD).
— Bizhub

Vietnamese exporters in the dark about changes to US food quality regulations
A lack of knowledge about these changes could lead to ‘significant’ drops in Vietnam’s agriculture exports to the U.S.
— VnExpress

Vietnam seeks to increase fruit exports to the Middle East
A conference on Vietnam-Middle East business cooperation was held in Hanoi on August 28, drawing more than 40 leading Vietnamese export firms.
— Fresh Plaza

Vinci Receives $69 Million Contract to Build Vietnam Water Pipeline
French construction company Vinci SA (DG.FR) said Tuesday that it agreed a $69 million contract to design and build a treated water pipeline to improve drinking water supply for the center of Ho Chi Minh City, Vietnam.
— Fox Business

El Salvador calls for investment from Việt Nam
With its strategic geographic location and ports and airports, El Salvador can be a gateway for Vietnamese goods to enter American markets, especially Central American, according to the Việt Nam Chamber of Commerce and Industry.
— Viet Nam News

Vietnam’s Facebook dissidents test the limits of Communist state
“This isn’t like China,” says Vietnamese activist ‘Anh Chi’ at a noisy bar off one of the narrow streets of Hanoi’s Old Quarter. “They can’t shut Facebook down here.”
— The Straits Times

Vietnam may miss cashew export target due to shortage
Vietnam may not reach this year’s targeted cashew export value of 3.3 billion USD, due to a shortage of raw materials for the cashew export processing.
— Fresh Plaza

Sacombank and WorldRemit Launch Instant Money Transfers to Vietnam
Leading digital money transfer service WorldRemit has partnered with Sacombank, one of Vietnam’s leading banks, to support the growing demand for instant remittances from the country’s three million-strong diaspora.
— Business Wire

Thaco to export bus parts to Kazakhstan
Trường Hải Auto Corporation (Thaco) will export 230 sets of parts and components of the County bus to Kazakhstan from now to 2018.
— Viet Nam News

Pakistan keen to further strengthen state, economic ties with Vietnam
Minister of State for Capital Administration and Development Division Dr Tariq Fazal Chaudhry Tuesday said Pakistan was keen to further strengthen state and economic relations with Vietnam for the benefit of the people of the two countries.
— Business Recorder

VN creativity honoured in book
Việt Nam’s Golden Book of Creativity 2017, which honours Vietnamese people’s creativity in science-technology, made its debut yesterday in Hà Nội.
— Viet Nam News

Online tourism market called ‘new gold mine’, worth $9 billion
A Nielsen report shows that revenue from the global online tourism market in 2016 was $565 billion, an increase of 13.8 percent over the year before.
— VietnamNet Bridge

HCM City’s CPI rises 0.5 percent in August
The consumer price index (CPI) in the southern largest economic hub of Ho Chi Minh City in August rose 0.5 percent from the previous month and 3.63 percent over the same period last year, reported the municipal Statistics Office on August 29.
— VietnamPlus

Techcombank to sell 500 million shares
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will put 500 million shares on sale in two phases to raise charter capital from VNĐ8.8 trillion ($387.6 million) to VNĐ13.8 trillion.
— Viet Nam News

Finance Ministry wants 1% tax on transfer price in M&A deals
The current CIT Law stipulates that the government determines tax rates on capital transfer deals made by foreign institutions that have no presence in Vietnam.
— VietnamNet Bridge

Vietjet planning direct charters to Fukushima in spring
Tour operator Vietravel and low-cost carrier Vietjet have signed an agreement with Fukushima Prefecture in eastern Japan to fly 15 direct charter flights next spring.
— Nikkei Asian Review

Vietnam to help Tanzania revive all its idle cashew factories
Tanzanian exports of raw cashew nuts will soon cease, thanks to the arrival of Vietnamese firms that have expressed an interest in reviving all its idle factories and to construct many more.
— Fresh Plaza

German bank considers loans for projects in HCM City
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has expressed his wish to continue receiving support from the KfW Development Bank of Germany in KfW-funded projects in the city.
— VietnamPlus

Exxon Mobil Vietnam gas project could start in November: state TV
Exxon Mobil Corp’s Blue Whale gas project, Vietnam’s biggest, could start in November, Vietnam Television (VTV) reported on Tuesday.
— VnExpress

Uber to end post-trip tracking of riders as part of privacy push
The change, which restores users’ ability to share location data only while using the app, is expected to be announced on Tuesday and rolled out to Apple Inc iPhone users starting this week.
— VnExpress

Vietnam Airlines, Vietnam Post sign cooperation deal
The Vietnam Airlines Corporation (Vietnam Airlines) and the Vietnam Post Corporation (Vietnam Post) on August 29 inked a cooperation pact to enhance their operation efficiency and mutual support for further development.
— VietnamPlus

World Bank accompanying Vietnam in achieving targets
The representative of the World Bank (WB) says promoting sustainable, creative and inclusive development is an important priority not only for Vietnam but also for many countries in Asia and the Pacific.
— Vietnam Times

 

Feature photo Oxfam in Vietnam
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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