Vietnam Morning News For May 17

Central Bank approves BIDV bond issue of $900 million
The State Bank of Vietnam (SBV) recently permitted the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to issue VND20 trillion (US$893 million) worth of bonds in 2017.
– Viet Nam News bizhub

Vietnam fuel group says customers should cough up for environment tax hike
Vietnamese consumers should foot the bill for a higher environment tax in order to sustain the state’s income from fuel, a senior Vietnam Petroleum Association official said on Tuesday.
– VnExpress

Vietnam warned about cement oversupply, narrower export markets
As the domestic cement supply has exceeded demand, exporting products is the only solution for cement manufacturers.
– VietNamNet Bridge

Firms mostly pleased with Gov’t support: survey
As many as 75 per cent of the enterprises surveyed by the Viet Nam Chamber of Commerce and Industry (VCCI) have seen the positive impact of the Government resolution on supporting and developing enterprises, according to a VCCI survey of 1,000 enterprises carried out at the end of 2016.
– Viet Nam News bizhub

Homes unpossessable for foreign owners made public
he Government has ordered the Ministry of Public Security and the Ministry of National Defense to co-operate closely with all Provincial Departments of Construction to make public the lists of real estate projects which foreign organisations and individuals will be unable to own.
– Viet Nam News

APEC ministers to seek clarity on trade in Hanoi
Trade ministers and officials from the 21 APEC member economies will meet in Hanoi to alleviate uncertainty about the future of trade in the Asia-Pacific and its capacity to boost employment and living standards for all people across the region.
– VietnamPlus

Vietnamese mega-cities scouring for mega-funding on infrastructure drive
Hanoi and Ho Chi Minh City are seeking funds worth a combined VND105 trillion ($4.6 billion) to invest in roads and bridges in an attempt to ease traffic jams and protect the environment.
– VnExpress

Business community tables proposals for Vietnamese PM
Prime Minister met with 1,500 representatives of Vietnamese and foreign companies in the private sector. Below are some of the proposals the companies and business associations submitted to the government before the meeting.
– VietNamNet Bridge

Cross-border credit information exchange important for investment cooperation
Cross-border credit information exchange plays an important and necessary role in promoting the quality and efficiency of investment and business activities for 21 member economies in the Asia Pacific region.
– Viet Nam News bizhub

Taiwanese garment firm to get $18 mln compensation after fire at Vietnam factory
A Taiwanese garment firm will get $18 million in insurance compensation after its factory in southern Vietnam was consumed by a massive fire earlier this year, a local police offer said.
– VnExpress

One in five Vietnamese have hypertension
Up to 12 million people suffer from high blood pressure, meaning that one out of every five people develop the disease. However, most patients are not aware of their sickness, leading to unexpected complications, Minister of Health Nguyễn Thị Kim Tiến has warned.
– Viet Nam News

EVFTA to boost IP development: expert
The EU-Viet Nam Free Trade Agreement (EVFTA) will help Viet Nam become the regional hub for many foreign manufacturing companies, promoting the development of industrial parks (IPs) in the country, said Gellert Horvath, vice chairman of the European Chamber of Commerce (Eurocham).
– Viet Nam News bizhub

Conference helps exporters improve e-commerce
Viet Nam eTrade Conference (VETC) was held on Tuesday by the Viet Nam E-commerce Association (VECOM) in cooperation with the Viet Nam Export Support Alliance (VESA) to help exporting firms and organisations improve their e-commerce activities.
– Viet Nam News bizhub

Agriculture Material Corporation to debut IPO in July
The Viet Nam General of Agriculture Material Corporation Limited (Vigecam) plans to offer over 6.3 million shares in its IPO on July 19.
– Viet Nam News bizhub

Agreement to boost Vietnam – EU legal timber trade
Vietnam and the EU have just concluded negotiations for a voluntary partnership agreement (VPA) on Forest Law Enforcement, Governance and Trade (FLEGT), according to the EU delegation to Vietnam on May 16.
– VietnamPlus

Zalora, Robins-Fashion and Beauty merge
Viet Nam’s leading online shopping website Zalora and Robins – Fashion and Beauty chain stores, both belonging to Central Group Vietnam, have announced they will merge to give customers the best shopping experience.
– Viet Nam News bizhub

EU and Vietnam join agreement to address illegal logging
The EU and Vietnam conclude negotiations on a Voluntary Partnership Agreement (VPA) on Forest Law Enforcement, Governance and Trade (FLEGT)
– Hanoitimes

Vietnam should invest in agricultural branding
A lack of branding for agricultural products makes it difficult for Vietnamese commodities to gain advantages and footholds in foreign markets. For that reason, building brands for agricultural products is highly necessary to increase competitiveness for agricultural commodities produced in Vietnam.
– Fresh Plaza

Samsung contributes significant investment in Vietnam
Foreign-invested enterprises, including Samsung Complex Vietnam (Samsung Vietnam) of the Republic of Korea (RoK), are an important component of Vietnam’s economy, Prime Minister Nguyen Xuan Phuc told Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hanoi on May 16.
– Hanoitimes

TLG to pay off residue dividend
Thien Long Group (TLG) held its 2017 annual shareholders’ meeting yesterday, announcing a 15 per cent residue dividend from 2016 would be dispersed this year.
– Viet Nam News bizhub

Vietcombank card holder loses over US$1,300
A man in HCM City has been defrauded of VND30 million (over US$1,300) overnight from his bank account at the Bank for Foreign Trade of Viet Nam (Vietcombank).
– Viet Nam News bizhub

Cần Thơ provides subsidy to airlines flying to city
Cần Thơ plans to open more domestic and international flights to the city by giving subsidies to airlines, with a maximum subsidy of VNĐ8.5 billion (US$375,000) a year, said a city official.
– Viet Nam News

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Vietnam Morning News For May 17 added by John Le Fevre on May 17, 2017
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.