Vietnam Morning News For March 29

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.

Vietnam is the fastest-growing convenience market
Asia’s fastest growing convenience market is Vietnam-which is set to achieve annual growth of 37.4% over the next four years-according to grocery think-tank IGD.
— Food Navigator-Asia

India, Vietnam discuss bilateral cooperation in IT
India and Vietnam today discussed a plan to strengthen bilateral cooperation in the field of information technology.
— Money Control

VN fresh produce losing market share to Thailand
Hanoi Supermarket Association chair Vu Vinh Phu told stakeholders at a recent business conference that Vietnamese consumers have lost confidence in home grown fresh fruit and vegetables.
— VietNamNet Bridge

Thailand imposes AD duties on Vietnamese Al-Zn, painted flats
Thailand’s Ministry of Commerce has imposed definitive anti-dumping duties on imports of alloy and non-alloy aluminium-zinc-coated flat steel and pre-painted galvanized flat steel products from Vietnam.
— MetalBulletin

Fast Asia Open: Vietnam GDP, Thailand interest rates decision
It may seem like an eternity since the June referendum, but the truth is Brexit has only just begun.
— Financial Times

Petrol price subsidization fund remains in good shape
The petrol price subsidization fund remains in strong financial shape, having roughly VND1,821 billion (US$80 million), reported the Ministry of Industry and Trade on 28 February.
— Saigon

The real power of Vietnam’s economy
Vietnam earlier this year received an ‘expected gift’ from PricewaterhouseCoopers (PwC). The auditing firm, one of the ‘big four’, reported that Vietnam economy ranked 32nd in the world in 2016 with GDP of $595 billion, including PPP (purchasing power parity) formula.
— VietNamNet Bridge

Prosecutors want changes in law, investigation methods to handle sexual abuse of children
The Surpreme People’s Procuracy, the nation’s premier prosecuting agency, has requested changes in the Penal Code to facilitate investigations into and legal proceedings against child sex abuse suspects.
— Viet Nam News

Vietnam casinos awaiting guidance for admission of local players
In Vietnam, local players are reportedly still not being granted access to select area casinos despite January’s passage of new rules that instituted a three-year pilot program and were to see native punters permitted to start gambling from Wednesday.
— World Casino Directory

Vietnam requires Japan to investigate cause of Vietnamese girl murder
The Vietnamese Embassy in Japan yesterday worked with the police agency in Abiko city, Chiba province after a nine year old Vietnamese girl was found dead on Sunday.
— Saigon

Vietnam updates draft existing chemicals inventory
Vietnam’s Ministry of Industry and Trade has published an updated draft of its existing chemicals inventory.
— Chemical Watch

IGD tips Vietnam to be Asia’s fastest-growing convenience market
Vietnam is forecast to be the fastest-growing convenience market in Asia by 2021, according to new data released today by international grocery research organisation IGD, followed by the Philippines and Indonesia.
— Retail Times

Bel invests more in Vietnam growth market
Vietnam is on the crest of a dairy revolution, its market predicted to double by 2020 reaching USD8.2 billion.
— Daily Markets

Vietnam, Russia discuss anti-bribery in int’l business transactions
Officials from Vietnam and Russia gathered in a workshop in Hanoi on March 28 to discuss combating bribery of foreign public officials in international business transactions.
— Vietnam Plus

Why 40% of Vietnamese People Have the Same Last Name
In the United States, the most popular last name is Smith. As per the 2010 census, about 0.8 percent of Americans have it. In Vietnam, the most popular last name is Nguyen.
— Atlas Obscura

Liquidity remains strong: State Bank of VN
Liquidity of the banking system remains good and the interest rate level is stable with no pressure on rate hike reported.
— Saigon

HCMC bans vehicles’ travel in Nguyen Hue pedestrian street
The city’s Department of Transport on Monday said that it would ban all vehicles from traveling in Nguyen Hue pedestrian street from 5 p.m. to 10 p.m. starting on March 31.
— Saigon

PM okays 4.4 billion USD package for high-tech agriculture
Prime Minister Nguyen Xuan Phuc has signed a resolution providing a credit package worth 100 trillion VND (4.4 billion USD) to invest in the development of high-tech agriculture at lower-than-market rates.
— Vietnam Plus

900g baby with congenital heart disease survived
HCM City Paediatrics Hospital No 1 doctors have successfully performed a congenital heart surgery for a premature baby weighing 900grams, the lightest patient ever to receive the surgery.
— Viet Nam News

Hà Nội pilots iParking for cars from May
The Hà Nội People’s Committee has approved a pilot programme that will use software and automation technology to manage public parking zones on two streets in Hoàn Kiếm District.
— Viet Nam News

Hanoi: Cat Linh – Ha Dong Urban Railway to be put into operation in 2018
Train carriages are put onto the Cat Linh – Ha Dong Urban Railway track last month. Trial runs are scheduled to begin in October of 2017. The contractor of the project has committed in the first quarter of 2018 to put the project into commercial exploitation.
— Hanoi Times

State leader asks for Hyundai Motor’s help to raise local contents
President Tran Dai Quang received Hyundai Motor Vice Chairman Chung Eui-sun in Hanoi on March 28, asking the group to support its Vietnamese partner in personnel training and technology transfer, and increase the rate of domestically made content in its products.
— Vietnam Plus

Vietnam attractive to intra-ASEAN investment
Vietnam would be an attractive destination for intra-ASEAN investment thanks to the Government’s determination to equitise and withdraw capital from State-owned enterprises.
— Vietnam Plus

Feature photo Qui Nguyen Khac
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Vietnam morning news is published M-F by AEC News Today: Governance, not government; policies not politics.

Vietnam Morning News For March 29 added by Leakhena Khat on March 29, 2017
View all posts by Leakhena Khat →

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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.