Vietnam Morning News For August 31

Vietnam Morning News For August 31

Vietnam morning newsVN-Index rebounds, led by real estate
Shares rebounded slightly on the HCM Stock Exchange after a bearish session on Wednesday, propped up by strong growth of real estate and steel stocks.
— Viet Nam News

Toyoda Gosei to Establish a New Airbag Parts Plant in Vietnam
Toyoda Gosei Co., Ltd. will establish a new plant in Vietnam to meet growing demand for airbags as safety regulations become more stringent in regions around the world.
— Business Wire

Cereal, drinks companies often overlook risk of forced labor in sugarcane – study
Sugarcane is often harvested by rural migrant workers with machetes who work long hours for low wages in hazardous conditions.
— VnExpress

North plans for Paris agreement
Reduction of greenhouse gas emission is the only viable path to mitigate climate change, a German official told a conference on the global climate change pact in Hà Nội on Tuesday.
— Viet Nam News

Vietnam: Spending on fruit & veg imports rises
Even as local farmers contend with falling prices and struggle to sell their produce, the country is spending millions of dollars buying imported agricultural products.
— Fresh Plaza

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.
— Business Insider

Asia – emerging market for Vietnamese shrimp exports
The Vietnam Association of Seafood Exporters and Producers (VASEP) held a seminar on world shrimp demand and Vietnam’s supply capacity in Ho Chi Minh City on August 29.
— VietnamPlus

New circular delays modern slaughterhouses
A new circular issued by Ministry of Agriculture and Rural Development has postponed the opening of modern slaughterhouses and delayed the closing of old facilities.
— Viet Nam News

BC Card Signs MOU with Vietnam’s NAPAS
BC Card announced Wednesday that it has signed a memorandum of understanding (MOU) on payment business with Vietnam’s National Payment Corporation of Vietnam (NAPAS).
— Huff Post

Turkey begins foray into Southeast Asia through Vietnam
During his visit to Hanoi last week, Turkish Prime Minister Binali Yıldırım called Vietnam “a very beautiful country entrusted by Uncle Ho to younger generations” and praised his hosts for their economic and social development.
— Asia Times

Number of new firms increases by 16%
More than 85,350 firms were established in the first eight months of this year with total registered capital of VNĐ822 trillion (US$36 billion), statistics of the Business Registration Department under the Ministry of Planning and Investment showed.
— Viet Nam News

Vietnam’s pharmaceutical market is still in thirst for investment
Recently the medical aspect was also one of the key topics for discussion at APEC 2017. In discussions at the 7th APEC High-level meeting on Health and Economy, Vietnamese Deputy Prime Minister Vu Duc Dam indicated that investment in health is tantamount to investment in development.
— VietnamNet Bridge

Deputy PM lauds EuroCham’s support to VN
Deputy Prime Minister Vuong Dinh Hue met with Chairman of The European Chamber of Commerce in Vietnam (EuroCham) Jens Ruebbert yesterday to discuss bilateral trade and upcoming economic co-operation.
— Bizhub

Central Group targets pouring more money into Vietnam
In late 2014, Central Group opened two Robins fashion centers in Hanoi and HCMC, where the products of famous brands are displayed, though Thai products are dominant.
— VietnamNet Bridge

Vietnam proposes amendments to stalled TPP trade deal at Sydney talks: sources
Vietnam’s desire to shelve the IP provisions around pharmaceutical data is likely to win broad support.
— VnExpress

Front work tightens Vietnam-Laos relations
A delegation of the Lao Front for National Construction (LFNC) Central Committee paid an experience exchange visit to the Vietnam Fatherland Front (VFF) Committee of central Quang Nam province on August 30.
— VietnamPlus

Vinalines, Belgium’s Rent-A-Port N.V ink cooperation deal
The Vietnam National Shipping Lines (Vinalines) and Belgian Rent-A-Port N.V signed a Memorandum of Understanding (MoU) on August 30 on the possibility to cooperate in grain specialised port, processing zone and logistics system projects in Lach Huyen port and Dinh Vu industrial zone, in Hai Phong city.
— VietnamPlus

Ha Noi taxis to use common operating software
Ha Noi’s Department of Transport has proposed to make it compulsory for all taxi transport businesses to use a common taxi operating software from July 1, 2018.
— Bizhub

Global health experts discuss prevention of zoonotic diseases in Da Nang
Health experts from 54 countries and international organisations gathered at a conference in the central coastal city of Da Nang on August 29 to strengthen cooperation and share approaches to prevent animal-to-human transmission diseases, including bird flu, Ebola and rabies.
— VietnamPlus

AgroViet 2017 set for HCMC
The 17th International Agricultural Trade Fair (AgroViet 2017) will be held in Ho Chi Minh City from September 21 to 24 and attended by more than 200 domestic and international enterprises.
— Vietnam Economic Times

Finance ministry opposes high incentives for special economic zones
The Ministry of Finance (MoF) has expressed its disagreement with certain incentive mechanisms for businesses and individuals working in special economic zones in three provinces.
— Bizhub

New Managing Director for Bosch Vietnam
Bosch, a leading global supplier of technology and services, officially announced on August 28 the appointment Mr. Guru Mallikarjuna as the new Managing Director of Bosch Vietnam.
— Vietnam Economic Times

Vietnamese CEO makes Silicon Valley’s 40 under 40 list
The list is compiled by the Silicon Valley Business Journal and consists of men and women who are making a mark and the local community while also playing significant leadership roles in high-tech enterprises.
— Tuoi Tre


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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