Vietnam Morning News For November 16

Vietnam Morning News For November 16

Vietnam morning newsVietnam launches government website for startups
Up to one billion U.S. dollars in venture capital awaits Vietnamese startups, Minister for Science and Technology Chu Ngoc Anh said on Tuesday at the launch of a government website for startups.
— Tuoi Tre

Vietnam inks gas purchase deals to boost supplies post-2023
Vietnam could receive a significant boost to its natural gas supplies as soon as 2023, allowing it to expand its power and petrochemical sectors, after signing two agreements during last week’s APEC summit to buy gas at home and from Indonesia.
— Reuters

Market principles kicking in as Vietnam’s ‘new driving force’
Next year is expected to bring a flurry of stock listings by Vietnam’s state-owned enterprises — a development executives say symbolizes the country’s shift from a government-led economy to one powered by market principles.
— Nikkei Asian Review

APEC 2017: Challenges and Opportunities in Vietnam
Hosting APEC Year 2017 in the global political and economic context with many changes and fluctuations on many levels, Vietnam faces many challenges as well as opportunities.
— VietnamNet Bridge

Toyota Vios leads bestselling car list in October
Viet Nam in October witnessed many changes in the group of bestselling cars, according to report from the Vietnam Automobile Manufacturers’ Association (VAMA).
— Bizhub

Sugar sales face difficulties: association
The sale of sugar has been facing difficulties since the beginning of October, causing problems for sugar producers in recent days, according to the Sugar and Sugarcane Association.
— VietnamPlus

Vietnam to launch bond futures in 2018: Pham Hong Son
The State Securities Commission of Vietnam is planning to launch bond futures at the local stock exchange next year, revealed Pham Hong Son, vice chairman of the organization, at a Nikkei Asian Review Forum in Hanoi on Wednesday.
— Nikkei Asian Review

Economic growth must serve the people: Deputy PM Hue
It is necessary to mobilise the participation of the people in the cause of innovation and socio-economic development to ensure its success, meanwhile, if the fruits of growth are not shared among all classes, the growth will not be sustainable, Deputy Prime Minister Vuong Dinh Hue has said.
— Nhan Dan Online

Lam Dong to invest in Vietnamese coffee brand development
Lam Dong People’s Committee Vice Chairman Pham S said Vietnam had high-quality coffee but it had failed to build a recognisable brand internationally.
— VietnamNet Bridge

Vietnam’s Largest IT Company Touts Free Trade for Growth
Vietnam’s largest technology company may get a boost from a free trade deal brokered at APEC meetings in Da Nang this month to replace the Trans-Pacific Partnership.
— VOA (video)

Multibillion-dollar M&A wave targeting Vietnamese SMEs
Kiwoom Securities Co., Ltd., arrived in Vietnam for the first time to participate in the Vietnam-Korea M&A seminar organised by the Korea Trade and Investment Promotion Agency (Kotra) to find M&A opportunities with Vietnamese SMEs in numerous fields.
— VietnamNet Bridge

TechFest in Vietnam urges start-ups to reach full potential
Vietnam needs to creatively promote innovative start-ups in order to ensure the global start-up wave is more than a short-term movement in Vietnam, said Deputy Prime Minister Vu Duc Dam at the opening ceremony of Techfest 2017.

How special should be Vietnam’s special economic zones?
There are two major reasons for Vietnam to be determined to develop SEZs. First, it is encouraged by the legendary development of the SEZs in China, Singapore, UAE and British Virgin Islands. Second, the momentum for domestic economic growth is critical.
— VietnamNet Bridge

Vietnam govt targets to complete Sabeco stake sale in December
The Vietnamese government aims to complete a stake sale in the country’s biggest brewer Sabeco in December, the trade ministry said, in the clearest signal yet that the long-awaited state divestment might happen this year after repeated delays.
— DealStreetAsia

Workforce urged to improve skills for Industrial 4.0
The future of work will be affected by the 4.0 Industrial Revolution, but it does not mean automation will totally replace people.
— Bizhub

Vietnam carefully balances Xi and Trump visit
President Donald Trump raised eyebrows when he told his Vietnamese counterpart Tran Dai Quang he could mediate in the South China Sea dispute .
— The Straits Times

Quang Ninh approves Ha Long-Co To seaplane route
Chairman of Quang Ninh Province People’s Committee Nguyen Duc Long gave his nod to Hai Au Aviation’s proposal of launching a seaplane flight route from Ha Long City to Co To Island.
— Bizhub

Province employs solutions to export star-apples to US
The Mekong Delta province of Tien Giang will implement solutions to be able to export star-apples to the United States in December, the People’s Committee of Tien Giang said.
— Bizhub

Punctuality rate of airlines make up 89%: CAAV
The on-time performance record of domestic Vietnam Airlines, Vietjet Air, Jetstar Pacific and Vasco in October was nearly 18,400 flights.
— Bizhub

Two companies selected as strategic investors for IDICO
The Ministry of Construction (MoC) has announced the names of two institutions qualified to become strategic investors of the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO).
— Viet Nam News

Vietnamese leader holds out hope for US rejoining TPP
The remaining members of the Trans-Pacific Partnership free trade agreement should leave a door open for an American return, Vietnamese Prime Minister Nguyen Xuan Phuc told The Nikkei here Wednesday.
— Nikkei Asian Review

Over 400 enterprises join Vietnam international food expo
As many as 450 domestic and international enterprises are taking part in the 2017 Vietnam International Food Industry Expo (Vietnam Foodexpo) at the Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City from November 15-18.
— Nhan Dan Online

Zara and H&M herald Vietnam’s retail market potential
The opening of Zara and H&M in Hanoi after their success in HCM City has shown the thirst for international brands among Vietnamese people, especially young people.
— VietnamNet Bridge

Mobile broadband driving internet growth
Vietnam’s fixed line market has seen a significant decline after peaking in 2009, according to Reportbuyer, a leading industry intelligence solution that provides all market research reports from top publishers. Market penetration fell from 20.1 per cent in 2009 to 10.5 per cent in 2012 and 5.7 per cent in 2016.
— Vietnam Economic Times

​Wood from forests in northern Vietnam secretly sold to China
Wood products sourced from forests in the northern Vietnamese province of Yen Bai have been discovered being sold to China.
— Tuoi Tre


Feature photo ILO in Asia and the Pacific
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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