Vietnam Morning News For August 8

Vietnam Morning News For August 8

Vietnam morning newsAboitiz buys Vietnamese animal feeds company
Conglomerate Aboitiz Equity Ventures Inc. has expanded its animal feeds business in Vietnam with the acquisition of a controlling stake in Europe Nutrition Joint Stock Co. (Eurofeed).
— Inquirer.Net

Vietnam to increase minimum salary by 6.5 pct next year
Vietnam’s National Salary Council on Monday decided that regional minimum salary in 2018 will increase by 6.5 percent against 2017, or each employee will receive additional 180,000-230,000 Vietnamese dong (8-10.1 U.S. dollars) a month.
— Xinhua

VN to improve competitiveness of major export products by 2020
Viet Nam will improve the competitiveness of major export products to boost export value in line with the country’s economic restructuring and renovation of the growth model, according to a decision recently issued by the Prime Minister.
— Viet Nam News

PVN’s 7M revenue exceeds plan by 14%
Oil production by the Vietnam Oil and Gas Group (PVN) reached 9.23 million tons in the first seven months of 2017, General Director Mr. Nguyen Vu Truong Son told Prime Minister Nguyen Xuan Phuc at a meeting in Hanoi on August 5. Gas and oil production have now reached and exceeded plans set for the first seven months.
— Vietnam Economic Times

Mobile Marketing Association Forum 2017 approaching
The sixth edition of the Mobile Marketing Association Forum (MMAF) in Vietnam will be held on November 3, with the theme “Mobile Redefined: Transform, Innovate and Disrupt”.
— Vietnam Economic Times

Correction possible of overvalued shares
Shares continued rising in early August but observers are predicting a slowdown in the short term as shares have become expensive and exposed to profit-taking risk.
— Viet Nam News

Vietnam: Galaxy Studio seeks to earn $25m with cinema ops exit
Vietnamese entertainment company Galaxy Studio is putting the cinema operations up for sale and seeks to exit the business, according to an industry source familiar with the company.
— Deal Street Asia

An Lam Retreats unveiled as a new Viet Nam luxury hotel brand
Lam Retreats, a new Vietnamese luxury hotel brand has been introduced, with core values of nature, privacy, space and culture.
— Viet Nam News

Vietnam proposes strengthening Mekong-India transport connectivity
Deputy Prime Minister and Foreign Minister Pham Binh Minh has stressed the need to boost road, waterways and aviation connectivity in order to fully tap cooperation potential between Mekong nations and India.
— VietnamPlus

Vietnam’s leading mobile retailer tipped to be on verge of outsize local M&A deal
Mobile World is all set to acquire Tran Anh Digital World in a $110-million deal.
— VnExpress

PM approves US$107 million for secondary education development
The prime minister has approved investment for phase 2 of the secondary education development programme, aimed at enhancing conditions for ensuring the quality of secondary education, and making a significant improvement to vocational education and streaming of secondary students across 63 localities in the country.
— VnExpress

500 companies to show up at International Food & Beverage Expo 2017
500 food & beverage manufacturers, processors and packing firms will rub shoulders at the 21st VietFood, Beverage and Professional Packing Machinary (VietFood & Beverage – ProPack) which will take place in Ho Chi Minh city from August 9-12.
— VnExpress

$44 million investment in Tien Yen District
Eight memorandum of understandings were signed in the northern Quang Ninh Province’s Tien Yen District on Friday, for investment projects in waste treatment, poultry, breeding and sea port development.
— Bizhub

Brokerages, finance-banking firms lift stock market
Vietnamese shares rose on both local markets on Monday morning, boosted by the insurance-finance-banking sector.
— Bizhub

Siam City Cement to invest in Đồng Nai
Thailand’s Siam City Cement Group wants to expand investment in the production and supply of construction materials and waste treatment in Việt Nam’s southern province of Đồng Nai.
— Viet Nam News

Upgraded Chu Lai Port opens
Quảng Nam Province has put into operation the Chu Lai Port as a key logistics hub for the central and Central Highlands region after a one-year upgrade and expansion.
— Viet Nam News

Vietnam to impose temporary safeguard measures on imported fertiliser
On May 12, MoIT issued Decision No. 1682A/QĐ-BCT on initiating a fertiliser dumping investigation and considering the application of safeguard measures on some imported fertiliser products into Viet Nam.
— VietnamNet Bridge

VN airports serve over 55m passengers in seven months
Airports across the country served 55.41 million passengers in the period from January to July this year, reported the Civil Aviation Authority of Việt Nam.
— Viet Nam News

VN to tighten cyber protection
Software and legal documents on cybercrime prevention will soon be launched in Việt Nam.
— Viet Nam News

​Hanoi eyes standard color scheme for taxis
Taxis in Hanoi will no longer bare their company’s individual colors, with the municipal Department of Transport keen to introduce a uniform look to all cabs.
— Tuoi Tre News

URC Q2 profit falls amid challenges in PHL, Vietnam
UNIVERSAL ROBINA Corp. (URC) on Monday reported a 23% drop in net income attributable to the parent in the second quarter, amid continued challenges in its branded consumer foods business in the Philippines and Vietnam.
— Business World

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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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