Vietnam Morning News For June 9

Vietnam Morning News For June 9

Vietnam morning news

PM seeks to cut input costs for business
Prime Minister Nguyen Xuan Phuc has issued Directive 26/CT-TTg fostering the growth of local companies with a special emphasis on input cost reduction, after one year of implementing Resolution 35 on business support and development.

PM proposes Japanese banks buy ailing local banks
During his five-day visit to Japan, Prime Minister Nguyen Xuan Phuc recommended Japan’s Senshu Ikeda Bank acquire an ailing Vietnamese bank with a reasonable bad debt rate to hasten its plans to expand to the country.
Vietnam EconomicTimes

Vietnam, RoK boost cooperation in mechanics, electronics
Information on Vietnam’s advantages, preferential policies and orientations in the mechanical and electronic field was updated at a workshop in Seoul, the Republic of Korea (RoK), on June 8.

Natural beauty, cheap prices drive Vietnam up global travel ranking
Vietnam has jumped eight spots on a global travel and tourism ranking despite poor environmental protection that is holding back its competitiveness, according to a new World Economic Forum report.

Vietnam’s TTC Group plans to spend big on solar projects
Vietnam’s TTC Group, a sugar, energy, real estate and tourism conglomerate, is planning to spend up to $1 billion on solar projects to meet the increasing domestic demand for power.

Vietnamese budget carrier Jetstar to launch new routes to Osaka
Jetstar will be the first low-cost airline in Vietnam to offer direct flights to Japan.

Vietnamese firm to ship first batch of chicken products to Japan in August
A Vietnamese firm has completed the necessary procedures to start shipping processed chicken products to Japan.

VN, US entrepreneurs, officials discuss trade
There is huge opportunity for Viet Nam and the US to further boost investment and trade ties in many sectors, a seminar heard in HCM City on Wednesday.
Viet Nam News Bizhub

VN exporters updated on US import regulations
Viet Nam’s food and beverage exports to the US are growing and likely to do so for many years, but manufacturers need to be aware of that country’s requirements, an American expert told a seminar in HCM City on June 7.
Viet Nam News Bizhub

Taking Vietnamese trademarks abroad
Although businesses shared the desire to bring Vietnamese products to the world market, it is imperative for them to focus first on brand building.

North-south expy incentives meant to lure foreign investors
The Ministry of Finance has approved strong financial incentives proposed by the Transport Ministry for the North-South Expressway project in a move to attract capable investors, especially those from abroad.

Mobile World, Viettel ink co-operation to develop 4G
Giant mobile phone retailer The Gioi Di Dong (Mobile World) Joint-Stock Company on Wednesday announced its partnership with military telecommunication firm Viettel to explore more 4G subscriptions nationwide.
Viet Nam News Bizhub

Entertainment facilities are key to keep workers from leaving jobs
Hanoi’s IPs and EPZs are increasingly investing in entertainment facilties and improving the spiritual life of workers. However, those investments are still far from meeting the demand.

Vietnamese auto market: expensive cars sell better
A car dealer said that Vietnamese tend to buy expensive versions of the same model with more features than cheaper ones with fewer features.
VietnamNet Bridge

Thua Thien-Hue pours nearly 52 bln VND into support industry
The central province of Thua Thien-Hue has decided to pour nearly 52 billion VND (2.26 million USD) into the support industry between now and 2025, towards meeting nearly 35 percent and 55 percent of local demand for industrial manufacturing by 2020 and 2025, respectively.

High performance of Hanoi’s economy
Hanoi Department of Statistics has released a report on the socio-economic situation in March and estimation for the first quarter of 2017.

Maker renovation space launched in HCM City
A maker renovation space was launched in Ho Chi Minh City on June 8 with the support of the Saigon High-Tech Park, the US Agency for International Development (USAID) and the US’s Arizona State University, aiming to assist the building of an innovation ecosystem in Vietnam.

Industrial, manufacturing fair kicks off in Binh Duong
The Viet Nam Industrial and Manufacturing Fair (VIMF) 2017 opened in the southern province of Binh Duong on Wednesday, drawing thousands of visitors.
Viet Nam News Bizhub

Mekong Beauty Show 2017 gathers 600 int’l brands
More than 600 international cosmetics brands will make their debut in Việt Nam during the Mekong Beauty Show 2017 in HCM City from June 15 to 17.
Viet Nam News

H&M announces location of first store in Vietnam
Swedish fashion giant Hennes & Mauritz (H&M) has announced plans to open its first store in Vietnam at the Vincom Dong Khoi commercial complex in Ho Chi Minh City’s District 1.
Vietnam Times

Vietnam’s First 7-Eleven Store to Open in Saigon This June
Saigoneers, get ready for bouts of Slurpee-induced brain freezes.


Feature photo Travel and Snap
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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