Vietnam Morning News For November 20

Vietnam Morning News For November 20

Vietnam morning newsStartups still looking for capital from venture funds
Vietnam is striving to become a ‘startup nation’, but the number of venture funds operating in Vietnam remains so modest that all their names are known by startups.
— VietnamNet Bridge

Property market stays strong
Strong economic growth since 2015 has created a thriving domestic property market that is likely to continue next year, said Construction Minister Pham Hong Ha.
— VietnamPlus

VN auto sales set to miss target
With a continuous year-on-year decline in sales this year, the domestic auto industry is unlikely to achieve the 10 per cent growth predicted by the Vietnam Automobile Manufacturers’ Association (VAMA).
— Bizhub

Company to build factory to increase chicken exports
The Koyu & Unitek Company, based in the southern province of Dong Nai, plans to develop a second chicken processing factory to meet the demand for chicken products of the Japanese market.
— VietnamPlus

$69.4m housing fraud discovered
The Government Inspectorate has detected financial violations totalling VND91.56 trillion (US$69.4 million) in 38 housing projects developed in Ha Noi between 2002 and 2014.
— Bizhub

Retailers see great opportunities with street food sales
The Satrafoods shop run by the Sai Gon Trade Corporation (Satra) in district 10, HCMC, is busiest when school hours finish as it receives students from Tran Nhan Tong School nearby.
— VietnamNet Bridge

JICA workshop on construction projects
The Ministry of Construction and the Japan International Cooperation Agency (JICA) has organised a training workshop on management of construction projects in Vietnam.
— VietnamPlus

Vietnam warns against threat of cryptocurrency mining malware CoinHive
Internet users in Vietnam are being warned of a malicious software program hiding on websites to ‘steal’ the computing resources on visitors’ devices to mine the cryptocurrency Monero for hackers.
— Tuoi Tre

Prime Minister takes floor at NA Q&A session
Prime Minister Nguyen Xuan Phuc cleared up a range of issues of public concern at the National Assembly (NA)’s Q&A session on November 18.
— VietnamPlus

Exclusive: Fenox VC aims to strike first deal in Vietnam by 2018
Silicon Valley-headquartered Fenox Venture Capital, which has been heavily investing in Indonesia over the past couple of years, aims to clock its first investment in Vietnam in 2018, said the fund’s regional head.
— DealStreetAsia

AEC Feed
Many listed companies in Vietnam have decided to loosen their purse-strings by paying cash dividend for stockholders, after reporting upbeat business results.
— The Nation

Experts: Tax, customs reform needed
Taxation and customs general departments must simplify their administrative procedures and eliminate unnecessary licences to attract more overseas Vietnamese investors, experts said.
— VietnamPlus

Part of the puzzle
Vingroup’s launch of its Made-in-Vietnam motor vehicle brand Vinfast again raises questions about the ability of local component suppliers to meet requirements.
— Vietnam Economic Times

Viet Nam can exploit Industry 4.0: Deputy PM
Viet Nam’s telecom infrastructure gives it a good foundation for developing business models based on digital connections, vital for success in the fourth industrial revolution, Deputy Prime Minister Vuong Dinh Hue said on Friday.
— Bizhub

​Debt-ridden firm resumes mammoth theme park construction in southern Vietnam
The construction of several sections at a theme park whose developer is mired in debt has been reinitiated in southern Vietnam, despite a distraint order imposed on the project several months ago.
— Tuoi Tre

PPP law to be drafted in 2018
Vu Quynh Le, deputy head of the Ministry of Planning and Investment’s Public Procurement Department, made this statement at November 16 workshop at Vietnam-World Economic Forum Infrastructure Development Cooperation.
— VietnamNet Bridge

Leather, footwear industries expand exports to EU
Vietnamese leather and footwear exporters must comply with the EU-Vietnam free trade agreement’s rules of origin and be prepared to deal with EU barriers and anti-dumping measures, speakers said at a seminar held in Ho Chi Minh City on November 17.
— VietnamPlus

iPhone X available in VN from December 8
iPhone X – Apple’s latest iPhone product – will officially be sold in Viet Nam from December 8.
— Bizhub

Vietnam unhappy with how Facebook handles requests to remove ‘toxic’ content
Google has been more cooperative on the matter as Vietnam holds on to plans for a home grown social network.
— VnExpress

Local firms may not be qualified as major suppliers of Walmart
The conference on improvement of the food value chain was held in HCMC yesterday on the sidelines of Vietnam Foodexpo 2017.
— VietnamNet Bridge

US exports to Vietnam resume with first shipments delivered
Shipping containers containing 7,850 metric tons of U.S. distiller’s dried grains with solubles arrived into the Port of Ho Chi Minh City, Vietnam, between Oct. 25 and Nov. 10, 2017—among the first orders filled following a September announcement by the Vietnamese government that it would lift its suspension of DDGS imports and ease fumigation requirements for U.S. corn and wheat imports.
— HPJ

Vietnam attends largest Asia-Pacific food fair in Singapore
Over 10 Vietnamese businesses are currently showcasing their products at the ongoing Asia-Pacific Food Expo (APFE) in Singapore, from November 17-20.
— Nhan Dan Online

 

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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