Vietnam Morning News For November 10

Vietnam Morning News For November 10

Vietnam morning newsVietnam to be among top 20 economies by 2050, says PwC
The report was released on the occasion of the APEC CEO Summit, which is taking place in the central city of Da Nang on November 8-10 as part of the APEC 2017 Economic Leaders’ Week.
— VietnamNet Bridge

Vietnam Airlines in talks with foreign investors for selling more shares
Vietnam Airlines Corp. will offer more shares to foreign investors, including possibly another airline, as it prepares a listing on the Ho Chi Minh City Stock Exchange next year and the government plans to cut its holdings to 51 percent.
— DealStreetAsia

Expo showcases Korean cultural products in HCM City
HCM City (VNA) – More than 100 businesses from the Republic of Korea and other nations are displaying their products at the Korea Brand & Entertainment Expo (KBEE) that began in Ho Chi Minh City on November 8.
— VietnamPlus

Vietnam’s middle class enriches foreign companies
Le Tien, 28, not only can earn money from his main job as a tour guide, but also from cross-border trade. When he leads groups of travelers abroad, he usually buys products in other countries and brings to Vietnam to sell for profit.
— VietnamNet Bridge

Reference exchange rate down by 1 VND
The State Bank of Vietnam (SBV) set its reference VND/USD exchange rate at 22,469 VND/USD on the morning of November 9, down by 1 VND from the previous day.
— VietnamPlus

Vietnam fails to collect $170 billion in tax because of transfer pricing
NA’s deputies have expressed concern about transfer pricing conducted by FIEs.
— VietnamNet Bridge

Banks’ shareholder structure changes
After VietinBank divested 16.9 million Saigonbank shares in June 2016, Vietcombank offered to sell 13.2 million Saigonbank shares, or 4.3 percent, at the starting price of VND12,550 per share.
— VietnamNet Bridge

Viet Nam nation brand valued at $203 billion
Brand Finance, the world’s leading independent branded business valuation and strategy consultancy, has valued Viet Nam nation brand at US$203 billion.
— Bizhub

Public debt management must not be slackened
According to a government report, Vietnam’s public debt is expected to reach 62.6% of GDP by the end of 2017, down one percentage point from last year but the absolute outstanding debt will increase by VND0.27 quadrillion to VND3.13 quadrillion.
— Nhan Dan Online

Spain’s Repsol wants to invest in Dung Quat Refinery
Representatives from Spanish energy company Repsol on Tuesday met with leaders of the Binh Son Refinery and Petrochemical Co Ltd (BSR) to seek opportunities to invest in the Dung Quat Refinery.
— Bizhub

China, Vietnam sign $1.94 billion in trade agreements
China and Vietnam on Thursday signed 83 trade agreements worth a combined $1.94 billion, state news agency Xinhua said.
— Xinhua/Investing.com

HN to license large projects by year-end
Ha Noi will give investment licences to a series of large projects by the year-end after the capital city has synchronously implemented solutions on improving investment and business environment, the People’s Committee said.
— Bizhub

More Vietnamese SoEs set for equitisation process
Ministries have approved the restructuring plans of additional State-owned enterprises (SOEs), with the latest including the Vietnam Mobile Telecom Services One Member Limited Liability Company (Mobifone) and the Vietnam Post Corporation (VNPost), in line with the Government’s SOE restructuring action plan.
— Vietnam Times

​Asia-Pacific ministers, including one from Vietnam, agree in principle to TPP
Ministers from the Asia-Pacific on Thursday agreed in principle on the terms of a free trade pact that includes 11 economies in the region despite the withdrawal of the U.S. early this year, negotiators told Tuoi Tre (Youth) newspaper.
— Tuoi Tre

Kronos’ canned peaches now widely available
Greece’s Kronos S.A, in collaboration with the Food Club Company Limited, organized the “Have a peachy day” event at the Sofitel Legend Metropole Hanoi to promote Kronos’ canned peaches in Vietnam.
— Vietnam Economic Times

VN CEOs brimming with confidence: survey
AN OVERWHELMING majority of Vietnamese business heads are confident about growing revenues and profits in the coming years and preparing to adapt to the fourth industrial revolution (Industry 4.0), a new survey has found.
— The Nation

Vietnam: VinaCapital offloads stake in township project, earns $15.8m net proceeds
VinaLand Limited, the direct real estate investment arm of Vietnam’s asset management firm VinaCapital, has offloaded its entire stake in Phu Hoi City, a township project located in southern Dong Nai province, earning $15.8 million net proceeds.
— DealStreetAsia

Vietnam’s economy maintains positive growth momentum: financial supervision commission
Vietnam’s economy has maintained positive growth momentum in the first month of the fourth quarter of this year, with industrial production continuing to increase thanks to the dynamics of the processing industry, along with stable macro fundamentals and low inflation.
— Nhan Dan Online

Panama calls for investment from Vietnam
Ambassador of Panama to Vietnam, Servio S. Samudio B, granted Nhan Dan Online an interview regarding the growing bilateral relationship between the Central American country and Vietnam on the occasion of the Panama’s National Day (November 3) and the 42nd anniversary of the establishment of diplomatic relations between the two nations.
— Nhan Dan Online

MINISO Accelerates Development in the Vietnam Market, Planning to Open 500 Stores by 2019
According to data released by Vietnam’s General Statistics Bureau, Vietnam’s retail market grew by 10.2% over the previous year to $118 billion in 2016.
— Markets Insider

Vietnam’s richest woman wants a Walmart connection on her airline
The ‘bikini airline’ owner has her sights set on offering more than just swimwear.
— VnExpress

 

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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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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