Vietnam Morning News For November 2

Vietnam Morning News For November 2

Vietnam morning newsVietnam improves significantly in ease of doing business: World Bank
Vietnam jumped 14 places to number 68 among 190 economies in terms of the ease of doing business this year, according to the latest rankings released by the World Bank.
— Nhan Dan Online

Thailand and Vietnam jump in business-friendliness ranking
Asia’s emerging economies, including Thailand and India, have become significantly more business-friendly, according to this year’s Ease of Doing Business Ranking published by the World Bank on Tuesday.
— Nikkei Asian Review

Moody’s raises outlook for Vietnam’s banking system
The upgrade was supported by the country’s robust economic growth and diversified economy.
— VnExpress

Vietnam to ‘pull down wall which hinders business development’
The economics institute believes that this is not the final figure, because business conditions and licenses are ‘born’ every day and in different forms.
— VietnamNet Bridge

New board to boost private sector
A board comprising senior executives of major national corporations and industry associations has been launched with the aim of understanding and removing hurdles to a greater private sector role in the national economy.
— Viet Nam News

Japan Fair held in HCM City
Seventy-six Japanese products are being sold at hundreds of convenience stores and malls in HCM City as part of the Japan Fair event, according to the Japan External Trade Organisation (JETRO).
— Viet Nam News

Japan’s Miniso brand to expand outlets in Vietnam
Miniso, a Japanese lifestyle brand, has announced it is increasing the number of shops in Vietnam by 10 times through franchising, according to vtv.vn.
— VietnamPlus

Amazon Web Services to debut in Vietnam
At the recent press conference in Hanoi, the firm’s spokesperson presented digital and web services specifically built for the Vietnamese market as well as walked delegates through the firm’s strategies to approach customers in the country.
— VietnamNet Bridge

Vietnam-Laos information-communications cooperation applauded
Lao Deputy Prime Minister Sonesay Siphandone welcomed Vietnamese Minister of Information and Communications (MIC) Truong Minh Tuan in Vientiane on November 1.
— VietnamPlus

Quang Ninh puts forth solutions to deal with tax arrears
The Taxation Department of the northeastern coastal province of Quang Ninh has taken measures to deal with tax arrears of businesses in order to fulfil the state budget collection target this year.
— VietnamPlus

VN’s manufacturing PMI dips to 51.6 in October
According to the report, released on Wednesday, this signaled a modest improvement in business conditions that was the least marked in five months.
— VietnamNet Bridge

HCM City halts expansion of app-based taxi providers
The HCM City Department of Transport has ordered all app-based taxi service providers in the city to halt expansion while waiting for a ministry review of the city’s pilot app-based taxi project, which began two years ago.
— Bizhub

Toro vending machine launched in VN
Viet Nam is growing rapidly with the technology being adopted at a fast pace by the young generation.
— VietnamNet Bridge

24/7 e-tax payments and customs clearance to begin this month
The General Department of Customs (GDC) has approved a project on 24/7 e-tax payments through authorised banks and 24/7 customs clearance which will take effect from November this year.
— Nhan Dan Online

Vietnam Dong, among most stable in Asia this year: experts
The currency has been kept stable, weakening about 1 percent against the US Dollar since the start of this year.
— VietnamNet Bridge

Vietnam export value soars
Vietnam’s fresh produce exports shot up by 41.2 per cent in value terms during the first ten months of this year, to around US$2.84bn, according to Vietnam’s Ministry of Agriculture and Rural Development as reported in the Business Inquirer.
— Asia Fruit

Faulty Takata airbags force Mitsubishi to make car recall in Vietnam
The defective airbag inflators have been linked to 19 deaths and more than 180 injuries worldwide.
— VnExpress

Argentinean media applauds Vietnam’s economic achievements
Argentina’s Equilibrium Global has recently published online an article lauding economic achievements Vietnam has recorded after more than 30 years of reform.
— Vietnam Times

Wholesalers caught in Da Lat produce fraud
A large volume of dried vegetables and fruits of unknown origin have been discovered being disguised as specialties in Da Lat, a popular tourist city in Lan Dong Province, located in Vietnam’s Central Highlands.
— Tuoi Tre

Vietnam’s Vinamilk to raise $319.4m by selling 3.3% stake
Vietnam’s biggest listed business, dairy firm Vinamilk, will sell a 3.3 per cent stake on November 10, state shareholder State Capital Investment Corporation (SCIC) announced on Wednesday.
— DealStreetAsia

Lawmakers call for shake-up of FDI incentives
Despite accounting for more than 70 per cent of total export revenue, the sector’s contribution to State coffers is estimated at 15-17 per cent, delegate Mr. Pham Trong Nhan told the ongoing NA session on October 31.
— VietnamNet Bridge

HCM City suffers shortage of nursing homes
An ageing population is posing mounting challenges to providing care for elderly people in Việt Nam. However, in a country where most families look after old parents in their own homes, the idea of a ‘nursing home’ or geriatric centre remains an alien concept.
— Viet Nam News

Vietnam nutrition market to be worth $6b by 2020
The in-home FMCG nutrition market includes dairy and products from dairy, soya milk, tonic food drinks, noodles and soups, biscuits and cakes, canned foods, processed foods, and frozen foods.
— VietnamNet Bridge

More than 330 mln USD of G-bond mobilised in October
The Hanoi Stock Exchange successfully held 15 auctions in October, mobilising over 7.51 trillion VND (330.6 million USD) of bonds issued by the State Treasury, up 45.5 percent over September.
— VietnamPlus

Vietnam aims to shine in APEC spotlight
After more than three decades of economic reforms, Vietnam will host the Asia-Pacific Economic Cooperation Leaders’ Meeting in Danang on November 10-11.
— Myanmar Times

Tien Sa Port gets fund to expand
The central Da Nang city’s Investment and Development Fund has agreed to provide a 7.9 million USD loan to the Da Nang Port joint-stock company to upgrade and expand the Tien Sa Port.
— VietnamPlus

NA Chairwoman pays courtesy call for top Lao leader
The National Assembly (NA) of Vietnam will closely coordinate with the Vietnamese Government and the Lao counterparts to successfully carry out the Lao NA House project whose construction began in Vientiane on November 1, said a top legislator.
— Nhan Dan Online

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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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