Vietnam Morning News For December 20

Vietnam Morning News For December 20

Vietnam morning newsMinistries mull over easing automobile import rules
As expected by foreign automobile manufacturers, Vietnam is considering delaying the effective date of Decree No.116/2017/ND-CP for possible revisions to ease import rules.
— VietnamNet Bridge

Vietnam’s Corruption Crackdown Is All About Protecting Its Economic Miracle
Vietnam’s export-led economy has grown at an enviable 6% or so since 2012 and shows no signs of stopping, if you listen to analysts on the ground.
— Forbes

Licensing uncertainties grip foreign-invested enterprises
Pham Dinh Thuong, deputy director of the Ministry of Industry and Trade (MoIT)’s Legislation Department, told VIR that all FIE commercial processing activities are now subject to Decree 23, not Circular 04.
— VietnamNet Bridge

Vietnam PM seeks better logistics for fruit and vegetable exports
Speaking at a forum titled “Market Development for Fruit and Vegetables, and Solutions for the Development of Logistics Systems for Agriculture and Rural Areas” held in Dong Thap province on December 18, Prime Minister Nguyen Xuan Phuc urged the Mekong Delta region to improve logistics to increase fruit and vegetable exports to global markets.
— Fresh Plaza

Central Highlands achieves record export turnover
The Central Highlands provinces achieved export turnover of more than US$2.66 billion in 2017, reaching nearly 102 per cent of the year’s plan and increasing 22.71 per cent compared with 2016.
— Bizhub

Vietnam Will See 6.5% Minimum Wage Increase Despite Concerns About Competitiveness
When it comes to wages, there are almost always two sides: the workers who want the wages increased, and the factory owners who don’t because they still want to remain competitive among their low-cost neighbor countries.
— Sourcing Journal Online

Sabeco sells 53.6% stake for $4.89 billion
The auction, announced by Sabeco on November 29, drew attention from one individual investor and one institutional investor, both of which were domestic.
— Bizhub

Trade surplus: Joy and anxiety
In the first 11 months of the year, FIE exports accounted for 72.6 percent of total export value of Vietnam, while imports accounted for 60 percent.
— VietnamNet Bridge

Kuwait Fund loan for coastal infrastructure development
The Ministry of Finance and the Kuwait Fund for Arab Economic Development (KFED) signed a loan agreement on December 19 to develop infrastructure in coastal areas in Thai Thuy district of the northern province of Thai Binh.
— VietnamPlus

Vietnam sees robust PE activity with multi-million-dollar deals in 2017
Vietnam has witnessed a robust year of private equity deals, with a spate of new funding rounds and exits in 2017.
— DealStreetAsia

Vietnam, RoK trade grows sharply on FTA
The Free Trade Agreement between Vietnam and the Republic of Korea (RoK), which came into effect two years ago, has served as a catalyst for the two countries’ trade growth.
— VietnamPlus

Toyota introduces new Land Cruiser Prado 2017
Toyota Motor Vietnam (TMV) has introduced the new Land Cruiser Prado 2017, a symbol of prosperity and officially available at all TMV dealers from December 25.
— Vietnam Economic Times

​Vietnam ministry urges logistics development by leveraging potential of Mekong Delta
Vietnam’s Ministry of Transport has called for policies to take advantage of the potential for waterway transportation in the Mekong Delta, given increasingly overloaded infrastructure.
— Tuoi Tre

Panasonic Eco Solutions Vietnam expands in Binh Duong
Panasonic Eco Solutions Vietnam (PESVN) has officially opened an expanded wiring device and circuit breaker factory in southern Binh Duong province, representing a milestone in Panasonic’s development in Vietnam.
— Vietnam Economic Times

IFC announces $150m financing package for Vietnam’s ABBANK
International Finance Corporation (IFC), the private lending arm of the World Bank Group, and Goldman Sachs 10,000 Women have announced a syndicated senior loan of $110 million to An Binh Commercial Joint Stock Bank (ABBANK) to boost lending to small and medium enterprises (SMEs).
— DealStreetAsia

Construction of Aeon Mall Hai Phong to begin in Q2
Construction of Aeon Mall Hai Phong will begin in the second quarter of next year.
— Vietnam Economic Times

 

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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

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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