Vietnam Morning News For July 17

Vietnam Morning News For July 17

Vietnam morning news

Term bank deposits for foreigners
The State Bank of Việt Nam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Việt Nam to make term deposits in both Vietnamese đồng and foreign currencies.
Viet Nam News

Appropriate policies will aid growth: experts
Financial and monetary policies will play significant roles in supporting economic growth in the rest of this year and the central bank should have policies to direct capital flow into production and business, heard a conference held by the Ministry of Planning and Investment on Friday.
Viet Nam News Bizhub

Investors pouring money into transport infrastructure
By developing transport infrastructure projects under the mode of BT (build, transfer), investors are willing to pour capital into projects if there are reasonable policies.
VietnamNet Bridge

ROSATOM helps Vietnam build nuclear energy technology centre
The Russia’s State Atomic Energy Corporation (ROSATOM) has signed a memorandum of understanding with Vietnam on the construction of a Centre for Nuclear Energy Science and Technology (CNEST) in Vietnam during the recent Russia visit by President Tran Dai Quang.
VietnamNet Bridge

FDI investment in IPs, EPZs up
Investment in industrial parks (IP) and export processing zones (EPZ) rose more than 39 per cent year-on-year in the first half of the year to US$384.3 million, according to the HCM City Export Processing and Industrial Zones Authority (Hepza).
Viet Nam News

Export revenue likely to hit US$200 billion in 2017
Viet Nam is likely to reach total export turnover of US$200 billion for 2017, increasing more than 13 per cent from last year and exceeding the set target, deputy minister of Industry and Trade Do Thang Hai claimed at a meeting in Ha Noi yesterday.
Viet Nam News Bizhub

Vietnam eases reliance on Chinese products, but imports more from South Korea
According to the General Statistics Office (GSO), Vietnam’s export turnover to South Korea in the first half of 2016 reached $6.6 billion, an increase of 29 percent over the same period last year.
VietnamNet Bridge

Expanding export markets for agricultural products
In 2017, the agriculture sector is facing two major challenges including the complicated situation of climate change and increasing competitiveness in the market.
Vietnam Times

Vietnamese private rice exporters can bid for Philippines shipments
Vietnamese private rice exporters will be allowed to participate in the bidding for the supply contract of 250,000 tonnes of rice to Philippines on July 25.
Viet Nam News Bizhub

Son La-grown green mango to be shipped to Australia
Five tonnes of Son La-grown green mango will be shipped to Australia weekly by Agricare Vietnam Company after its first successful shipment of one tonne to the country.
VietnamPlus

Vietnam, Malaysia to discuss signing of fishery agreement
Malaysian Prime Minister Najib Razak said he will direct relevant agencies to work with Vietnam to facilitate the signing of an agreement on fishery cooperation while meeting Vietnam’s Deputy Prime Minister Truong Hoa Binh on July 13th.
Vietnam Times

Vietnam urged to focus on making 2-wheel vehicles
While the Ministry of Industry and Trade (MOIT) and experts have decided that Vietnam needs to develop an automobile industry of its own, other experts believe that the ‘automobile dream’ is ‘far away’ and that Vietnam should focus on making 2-wheel vehicles.
VietnamNet Bridge

Local banks perform well in first half of the year
Commercial banks have performed well in the first half of 2017 (H1), and business results show that many have already met more than half their annual profit targets.
VietnamPlus

Tax authorities expanding IT use
Tax authorities will hasten the application of information technology (IT) to simplify administrative reform, as well as to ensure efficient budget collection.
Viet Nam News

Vietnam aims to export more skilled labour
The Ministry of Labour, Invalids and Social Affairs (MoLISA) is devising a scheme to export high-skilled labourers abroad to tackle domestic unemployment.
VietnamPlus

Vietnam masters space technology, opens new space center
The National Satellite Center, which regulates activities related to space and satellite, will be renamed Vietnam Space Center on July 17.
VietnamNet Bridge

HCMC announces tax collection plan for e-commerce business
The Ho Chi Minh City Department of Taxation has officially announced its tax collection plan for the e-commerce business, including the sale of goods and services via the internet, Facebook, and other social media.
Vietnam EconomicTimes

Thua Thien-Hue achieves GDP growth of 7.44% in first half
The central province of Thua Thien-Hue recorded a gross domestic product (GDP) growth rate of 7.44 percent in the first half of 2017, much higher than the figure of 5.8 percent in the same period last year.
VietnamPlus

Dong Nai welcomes 2 million visitors in six months
The southern province of Dong Nai served over 2 million visitors in the first six months of this year, generating revenues of nearly 640 billion VND (28.16 million USD), a respective rise of 9.4 percent and 12 percent year on year.
VietnamPlus

Plan to promote social initiatives
The Centre for Social Initiatives Promotion (CSIP) and the Viet Nam Club for Management and Start-up on July 14 launched a programme in HCM City dubbed En Xanh 2017 to honour social business initiatives.
Viet Nam News Bizhub

Arbitration court gains investor trust
The increasingly important role an arbitration court plays in facilitating trade and investment was highlighted at a seminar jointly held by Vietnamese and South Korean legal entities in Ha Noi on Thursday.
Viet Nam News Bizhub

Making agriculture attractive to today’s youth
Having experienced months of negative growth due to drought, climate change, floods and saltwater intrusion, the local agriculture segment is demonstrating its inability to serve as a cornerstone of the country’s economy.
VietnamNet Bridge

 

Feature photo ILO/ Nguyễn Việt Thanh
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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Cara Navarro

Cara Navarro

Journalism Intern at AEC News Today
Cara recently finished her first year at Bryn Mawr College in the United States, where she is studying Growth and Structure of Cities. While she is from Manila, Philippines, she has lived in multiple cities around the world, most recently Phnom Penh.

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