Vietnam Morning News For December 13

Vietnam Morning News For December 13

Vietnam morning newsVN affirms its commitment to multilateral trading system
Viet Nam commits to the multilateral trading system and is ready to cooperate with other World Trade Organisation (WTO) members on WTO issues.
— Bizhub

Vietnamese travel firms raise concerns over ‘cost-free’ tours
Vietnamese travel firms have launched cost-free tours, copying a promotional model commonly used by airlines, to both domestic and outbound destinations. Offers include taking tourists to the U.S. at half the normal price via ‘budget packages’.
— Tuoi Tre

Remittances to hit 5.2 billion USD this year
Overseas remittances to Ho Chi Minh City is expected to total 5.2 billion USD this year, up 4.5 percent year-on-year, said an official of the State Bank of Vietnam (SBV).
— VietnamPlus

ACV to sell 20% stake in 2018
Airports Corporation of Vietnam (ACV) plans to sell 20 per cent stake, equivalent to VND4.35 trillion (US$194.77 million), to foreign and domestic investors through open auction in 2018.
— Bizhub

Huawei appoints new Vietnam CEO
Mr. Fan began working at Huawei in 2006 as a Senior Solution Manager for the Hangzhou Representative Office.
— VietnamNet Bridge

Watchdog gives nod to Mobile World-Tran Anh M&A
The Competition and Consumer Protection Department under the Ministry of Industry and Trade has given the go-ahead for the merger and acquisition (M&A) deal between the two largest local electronic retailers – The Gioi Di Dong (Mobile World) and Tran Anh Digital World.
— Bizhub

ThaiBev emerges as sole bidder for $2b stake in Vietnam’s Sabeco
A unit of Thai Beverage Pcl is the only investor to register to buy at least a 25 percent stake in Vietnam’s largest beer company, according to the Vietnam trade ministry’s website, in a sale that would be valued at more than $2 billion.
— DealStreetAsia

PM acknowledges business contributions to Vietnam economy
The business community will define the future of the Vietnamese economy in the coming decades and serve as an important driving force to achieve prosperity, stated Prime Minister Nguyen Xuan Phuc at the 2017 Vietnam Business Forum (VBF)’s year-end session in Hanoi on December 12.
— VietnamPlus

KIDO signs deal with TTC on sugar
Food producer KIDO Group (KDC) will invest in producing and trading sugar in the Vietnamese market.
— Viet Nam News

MoIT request for criminal investigation of Khaisilk scandal
The Ministry of Industry and Trade has transferred documents of the Khaisilk scandal to the police for investigation after it discovered signs of criminal violations.
— Bizhub

Vietnam, US sign $12 billion in trade deals
President Tran Dai Quang and President Donald Trump witnessed the signing of cooperation agreements worth a total of US$12 billion, mostly in aviation, petroleum and seaports between Vietnam and the US after their talks in Hanoi on Sunday.
— Inquirer.net

Truong Thanh Furniture to work with SAM Holdings
One of Vietnam’s largest wooden furniture manufacturers, Truong Thanh Furniture (TTF), has signed a cooperation agreement with materials supplier SAM Holdings (Stock code SAM) on supplying materials and services.
— Vietnam Economic Times

VN coffee industry has huge potential: seminar
The Vietnamese coffee industry has great potential to develop considering the size of the global market and the country’s small share in it, according to the Ministry of Agricultural and Rural Development.
— VietnamNet Bridge

Hai Phong port city slashes fees
The northern port city of Hai Phong will reduce fees by 20 percent for using infrastructure, service facilities and public utilities at its ports from the beginning of 2018.
— VietnamPlus

Retail sector searches for common ground
Against global recession and financial crisis, Việt Nam’s retail industry has cemented its position in the economy as an effective bridge between producers and consumers, actively orienting buyers towards domestic products.
— Viet Nam News

$1bn price tag on extensions to HCMC’s Metro Line 1
The Ho Chi Minh City People’s Committee has approved the extension of Metro Line No. 1 from Suoi Tien Station to Bien Hoa city in Dong Nai and Di An commune in Binh Duong, in order to resolve traffic jams between Vung Tau and Suoi Tien.
— VietnamNet Bridge

More Hiring in Vietnam Than in Korea
South Korean electronics companies, such as Samsung and LG, are leading the Vietnamese economy with large-scale investment and recruitment.
— BusinessKorea

 

Feature photo ILO/Nguyễn ViệtThanh

 

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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