Vietnam Morning News For December 21

Vietnam Morning News For December 21
Estimated Reading Time: 4 minutes |

Vietnam morning newsVietnam to prosecute another former oil executive over mismanagement
Vietnam police on Wednesday ordered the prosecution of a former executive at scandal-hit state energy company PetroVietnam over financial losses, the latest move in a high-level corruption crackdown that has seen a politburo member arrested.
— Reuters

Vietnam’s FDI attraction in 2017 biggest in 10 years
Vietnam is poised to attract foreign direct investment (FDI) of 35 billion U.S. dollars in 2017, the biggest amount over the past 10 years, according to the country’s Foreign Investment Agency on Wednesday.
— Xinhua

Cement sector to face oversupply
The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Vietnam does not export cement.
— VietnamPlus

SBV meets with foreign stakeholders
Representatives from international monetary and financial organizations and foreign credit institutions expressed their appreciation of Vietnam’s achievements in macroeconomic stability, especially in the management of monetary policy and the restructuring of the banking system.
— VietnamNet Bridge

Vietnam needs further efforts to cut costs for businesses
The government, ministries and local authorities have undertaken many reforms in the past year to remove obstacles facing businesses to help them cut costs, but more efforts are needed next year as enterprises are still facing numerous hurdles.
— Nhan Dan Online

IFC, Asian banks extend loan to support Vietnam businesswomen
The International Finance Corp. and Goldman Sachs 10,000 Women are providing a syndicated senior loan of $110 million to Vietnam’s An Binh Commercial Bank (ABBank) to stimulate lending to small and medium enterprises.
— Nikkei Asian Review

Digital banking needs framework
Vietnam needs a legal framework for the development of digital banking, heard a conference held by the State Bank of Vietnam in Hanoi on December 19.
— VietnamPlus

Vietnam Gears up to Divest State-Owned Enterprises in 2018
Vietnam’s state-owned enterprises are set for widespread divestment.
— The Diplomat

HCM City taxi firms cut 3,000 cars
In their latest report, the association said that four companies have been dissolved and merged over the past three years since Uber and Grab began operations.
— VietnamNet Bridge

The first Common point related Card to be issued in Vietnam
Vietnam Post and Telecommunications Group (VNPT), a major telecommunication group in Vietnam; Vietinbank, one of the largest state-owned banks in Vietnam and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd. (“JCB”), today announced the launch of the Vietinbank-VNPT-JCB Co-branded card (Vpoint Card) in Vietnam.
— AsiaOne

Businesses eye African, Middle Eastern markets
A workshop was held in Ho Chi Minh City on December 19 by the Ministry of Industry and Trade (MoIT) to highlight the opportunities and challenges, while promoting exports to markets in the Middle East and Africa.
— Nhan Dan Online

VIMO to provide e-payments at SASCO outlets
Service available to Asian tourists at SASCO’s duty free stores and shops at international airports.
— Vietnam Economic Times

FPT slashes ownership at FPT Retail and FPT Trading
FPT Corporation has reduced its ownership at FPT Retail and FPT Trading to under 50 per cent, the corporation announced on Tuesday.
— Bizhub

Vietnam’s Song Da to offer 219 million shares in IPO on Dec 25
Vietnam’s state-owned Song Da Corporation plans to offer 219 million shares, equivalent to 48.82 per cent of its charter capital, in its initial public offering (IPO) on December 25.
— DealStreetAsia

Cambodian airline launches direct Vietnam flights
Lanmei Airlines opens Phnom Penh-Hanoi and Siem Reap-HCMC flights on December 20.
— Vietnam Economic Times

FLC to implement 4 big projects in Dong Thap
Property developer FLC Group on Tuesday signed a Memorandum of Understanding with southern Dong Thap Province to invest in four large projects in the locality.
— Bizhub

Vietnam’s TTC to start work on 150MW of solar in first half of 2018 – reports
Ho Chi Minh City-based conglomerate TTC Corp plans to start constructing three solar projects, totalling 150MW of capacity, in Vietnam in the first half of next year.
— PVTECH

Japanese garlic may overtake Ly Son garlic fields on Ly Son island
The Quang Ngai People’s Committee has OK’ed carrying out research to prepare for the cultivation of Japanese garlic on Ly Son Island.
— VietnamNet Bridge

Boosting industry via M&As
M&As represent a key channel in industrial investments, December 19 conference hears.
— Vietnam Economic Times

 

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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

Sreypov Men

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
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