Vietnam Morning News For December 15

Vietnam Morning News For December 15

Vietnam morning newsIs the electricity price in Vietnam too low or too high?
Southeast Asia Energy Outlook 2017 commented that the price in Vietnam is relatively low compared with other regional countries.
— VietamNet Bridge

Vietnam plans to scrap over 40% of business rules in construction
The Ministry of Construction (MOC) has unveiled an ambitious plan to abolish 41% of the current business regulations under its jurisdiction and simplify another 44% in a move to improve the business environment in Vietnam.
— Nhan Dan Online

No daylight for Vietnam solar energy
Some here are calling it a gold rush. From Thailand to the United Arab Emirates, global players with experience in solar energy are sending representatives to Vietnam in search of the next big alternative energy boom.
— Asia Times

The good and bad of Vietnam’s banks
Poorly managed big state banks have traditionally drowned out competition, but a new class of private banks is slowly floating to the top.
— Asia Times

Vietnam government aims at 4.5 billion dollars of fruit and veg exports by 2020
The Vietnamese Ministry of Agriculture and Rural Development has set a target of 4.5 billion dollars of vegetable and fruit export turnover by 2020 and 7 billion dollars by 2030.
— Fresh Plaza

Amazon eyes VN market
E-commerce giant Amazon is proceeding with its ambitious business plan in Việt Nam, following Alibaba’s footsteps, said Nguyễn Thanh Hưng, chairman of the Việt Nam E-commerce Association (VECOM).
— Viet Nam News

Productivity key to escaping mid-income trap
Viet Nam has to focus on increasing labour productivity and overall productivity growth to avoid the risk of being stuck in the middle income trap, experts said at the Vietnam Development Forum (VDF) 2017 on Wednesday.
— Bizhub

VN-Russia business relations boom
Enterprises from Việt Nam and Russia should utilise new business opportunities to cement the comprehensive relationship between the two countries.
— Viet Nam News

Viettel Global posts surge in profit
Viettel Global Investment JSC, a subsidiary of military-run telecom Viettel Group, posted a surging gross profit margin of VNĐ2.9 trillion (US$128 million).
— Viet Nam News

World Bank and Vietnam work to strengthen financial systems
A new World Bank report, jointly launched on December 14 with the Ministry of Finance, will support the development of a sound financial reporting institutional framework by improving understanding of high-quality corporate financial reporting and auditing.
— Nhan Dan Online

BHMA interested in Vietnam market
Bangkok hotel and resort management firm Bespoke Hospitality Management Asia (BHMA) wants to expand its presence overseas from 2018 onwards.
— Bangkok Post

Growth continuing in FMCG
Positive economic outlook and growing domestic demand behind ongoing rise in fast-moving consumer goods.
— Vietnam Economic Time

Consumer loans remain very popular in HCM City
Consumer loans have increased sharply in Ho Chi Minh City in recent years, said Nguyen Hoang Minh, Director of the State Bank of Vietnam’s HCM City Branch.
— VietnamPlus

KIDO & TTC shake hands in sugar distribution
The KIDO Group Corporation officially set foot into the sugar industry by signing a cooperation agreement with one of Vietnam’s leading sugar producers, the Thanh Thanh Cong Investment JSC (TTC).
— Vietnam Economic Times

PM approves Vinacomin restructuring
Prime Minister Nguyen Xuan Phuc has approved a project to reshuffle the Vietnam National Coal and Mineral Industries Group (Vinacomin) in 2017-2020, aiming to make the firm a strong economic group with high technology and a highly professional governance model.
— VietnamNet Bridge

Vinalines provides new cold storage services
The Vietnam National Shipping Lines (Vinalines) said it has partnered with O’s&Tec Joint Stock Company of Japan to implement a cold storage project for the transportation of fresh food and fruits.
— VietnamPlus

Vietnam fares well in gender diversity with 25% women CEOs, board members
Vietnam is a bright spot for gender diversity in Southeast Asia, with a recent report showing the country has a higher representation of women serving as board directors and chief executive officers than Malaysia, Singapore and Indonesia.
— DealStreetAsia

Vietsovpetro earns 1.89 billion USD in revenue, exceeding goal
By December 14, the Vietnam-Russia oil and gas exploration joint venture Vietsovpetro has earned over 1.89 billion USD, exceeding its target of 1.88 billion USD set for 2017.
— VietnamPlus

Transportation via coastal shipping route surges 154 percent
Shipping volume through the coastal route Quang Ninh-Quang Binh-Binh Thuan-Kien Giang during January-October increased 154 percent to 21 million tonnes of cargo.
— VietamNet Bridge

​Vietnam taxman has self to blame for failure to have Facebook, Google pay taxes
Vietnam’s tax authorities have chosen what they believe is the most convenient method for them to collect taxes on multimillion-dollar revenues from global Internet giants, but, it turns out, they have not done much besides digging themselves into a hole.
— Tuoi Tre

Human resources key to development
Global HR Forum 2017 being held in Hanoi on December 14 and 15 with the theme “Miracle on the Han River to Miracle on the Red River”.
— Vietnam Economic Times

 

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

junior writer/ trainee journalist at AEC News Today
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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