Vietnam Morning News For November 14

Vietnam Morning News For November 14

Vietnam morning newsFacial Recognition Fail: Vietnam Security Co. Fools iPhone X Face ID (video)
After proving in 2008 that facial recognition was not an effective security measure for laptops, a Ha Noi software security firm has shown that Apple’s claims of it being a robust method of securing your new $1,000 iPhone X is not exactly accurate.
— AEC News Today (video)

Ha Noi to promote development of support industry in 2017-20
The capital city of Ha Noi has launched a development plan for support industries during the period 2017-20 with a vision to 2025 to promote development of enterprises within the industry.
— Bizhub

Jardine C&C buys stake in Vietnam dairy producer
Singapore-listed Jardine Cycle & Carriage has now extended its reach to the lucrative Vietnamese dairy industry.
— The Straits Times

Vietjet to purchase Pratt & Whitney engines
Vietjet Air and Pratt & Whitney, a world leader in the design, manufacture, and service of aircraft engines and auxiliary power units, announced on November 12 the selection of PurePower Geared Turbofan (GTF) engines to power the carrier’s order of ten new aircraft.
— Vietnam Economic Times

Mobile phone customers prefer installment payment method
More than half of mobile phone transactions whose prices are over VND10 million (US$439) are purchased on installment payments, according to statistics of Mobile World Group, FPT Shop and CellphoneS.
— Bizhub

OPIC to support AES in energy project
President and CEO of the Overseas Private Investment Corporation (OPIC), Mr. Ray W. Washburne, presented a letter of intent on November 12 to the Virginia-based energy company AES, expressing its support for the construction of a liquefied natural gas (LNG) terminal and 2,250 MW combined cycle power plant in Vietnam.
— Vietnam Economic Times

NA passes 2018 budget estimates
The National Assembly (NA) at a meeting on Monday morning passed a resolution on 2018 budget estimates with 86.56 per cent of approval votes.
— Bizhub

Apparel firms advised to increase technology application
Applying new technologies to reduce production cost and increase competitive edge is the urgent solution for the garment-textile industry given global fiercer competition.
— VietnamPlus

Rice farmers rue missing out on price rise
Many farmers in the Mekong Delta are regretting that they did not stockpile any rice as prices rise continuously and supply remains limited.
— VietnamPlus

Credit contacts
A FinTech platform, the startup provides financial information on interest rates for home loans, car loans, and consumer loans and the credit cards of different banks in Vietnam.
— VietnamNet Bridge

Big players to enter bourse soon, changing the game
The IPO of Becamex IDC is expected to take place in early December in which 311 million shares will be auctioned to mobilize about VND9.6 trillion.
— VietnamNet Bridge

Trade ties tighten amid leader visits
Vietnam welcomed Canada’s Prime Minister Justin Trudeau and Chile’s President Michelle Bachelet on November 8-9, China’s President Xi Jinping on November 11-12, and US President Donald Trump on November 11-12.
— VietnamNet Bridge

Foreign trading, APEC agreements extend VN Index gain
Shares advanced on the HCM Stock Exchange on Monday morning, driven by foreign trading and positive impacts of APEC meetings.
— Bizhub

​Vietnam taxi giant Mai Linh responds to GrabBike, UberMoto
Vietnamese taxicab firm Mai Linh has been testing an app-based xe om (motorbike taxi) service and is set to officially put it to use in response to the success of ride-hailing apps GrabBike and UberMoto.
— Tuoi Tre

Long-term US FDI in Vietnam is on an upward trend
As Vietnam’s economy continues to mature, US investment is primed for an upswing, riding the wave of free trade agreements, improving infrastructure, and a more transparent and enabling business environment.
— VietnamNet Bridge

Vietnam Enterprise Investments Limited (VEIL.L) Watching the MFI Levels Intensely
The Money Flow Indicator for Vietnam Enterprise Investments Limited (VEIL.L) has touched above 60 and has found a place on investor’s radar as it potentially nears the key 70 mark.
— Geneva Journal

Exclusive: TNB Ventures strikes 1st deal in Vietnam, co-invests 8-digit sum in e-commerce startup
Singapore-based early stage investor TNB Ventures has made its maiden investment in Vietnam by co-funding an eight-digit amount into a startup operating in logistics and e-commerce, an executive with the firm told this portal.
— DealStreetAsia

Mekong Capital’s Vietnam Azalea Fund exits last portfolio company for $64.5m
Vietnam-focused private equity firm Mekong Capital said on Monday it has successfully divested the entire 24.99 per cent holding in pharmaceutical major Traphaco JSC for a total consideration of more than $64.5 million.
— DealStreetAsia

SE Asia startups receive grants from MBI, TNB Ventures to facilitate smart cities
Three startups from Singapore and Vietnam have bagged supportive grants from the Smart City Innovation Challenge, an annual event that seeks out startups providing urban life solutions.
— DealStreetAsia

BioElectronics Vietnam Distributor, PharmEvo, Announces Electroceutical Symposium, Expansion into Cambodia & The Maldives
Vietnam, is hosting an Electroceuticals symposium following a successful launch of their sales & marketing strategy.
— SYS-CON Media

Hilton boosts Vietnam holdings to 11 hotels through BRG Group
Hotel chain Hilton continues its expansion in Vietnam with the signing of management agreements for DoubleTree by Hilton Vung Tau and Hilton Garden Inn Saigon (Ho Chi Minh City). Agreements were recently signed with two affiliates of BRG Group.
— The Nation

Spotlight: China, Vietnam agree to deepen partnership under new circumstances
China and Vietnam agreed here Sunday to deepen their comprehensive strategic cooperation under new circumstances.
— DeathRattleSports

 

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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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