Vietnam Morning News For November 3

Vietnam Morning News For November 3

Vietnam morning newsVietnam seeks to export pork to RoK
Vu Trong Nghia, director of the Bien Dong Trade Developed Investment Corporation, has announced that his company has signed a contract with the Korea Food Company to sell 2,000 tonnes of pork per year.
— NNT

Vietnam climbs up to 68th in WB’s Doing Business report
Vietnam moved up 14 places to rank 68th among 190 economies in the World Bank (WB)’s Doing Business 2018 report themed “Reforming to Create Jobs”.
— VietnamPlus

Becamex IDC to hold VN’s 2nd-biggest IPO
The Investment and Industrial Development Corporation (Becamex IDC) will float over 311.2 million shares, equivalent to 23.63 per cent of its charter capital, in its initial public offering (IPO) on December 1 on the HCM Stock Exchange.
— Viet Nam News

Growing mountains of solid waste in Vietnam pose huge environmental challenge
Vietnam’s growing mountains of solid waste each year is posing a huge environmental challenge for municipal authorities and local communities in Vietnam
— Mekong Commons

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

Customs clearance payments to go online
In the next few months, tax payments for customs clearance will be made available online, round-the-clock.
— Viet Nam News

Retail sales and services reach almost $143 billion
The total revenue from retail sales and services topped US$142.9 billion during the first 10 months of 2017, surging 10.7 per cent year-on-year, according to the General Statistics Office (GSO).
— Viet Nam News BizHub

Vietnam – Potential market for foreign food firms
Vietnam has been considered as a “fertile land” for foreign food firms as many trademarks from the Republic of Korea (RoK), Japan and Thailand are seeking ways to penetrate the 93 million-strong market.
— VietnamPlus

Electricity sector gets BOT boost
Last week, the operators of the Chinese-invested, 1,200-megawatt (MW) build-operate-transfer (BOT) Vinh Tan 1 thermal power project reported to Vietnam’s government that they will be finished 11 months ahead of schedule, as the $1.75 billion plant, located in the south-central province of Binh Thuan, is expected to start its first turbine in 2018 and the second in 2019.
— Vietnamnet Bridge

Workers face daunting Industry 4.0 challenges
State-owned enterprises and local businesses should pay due attention to training workers for the fourth industrial revolution (Industry 4.0) so that they are not rendered redundant, experts said.
— VietnamPlus

Vietnam officials look to fight poverty by investing in fruit and veg exports
The government should focus on helping farmers to grow fruit and vegetables for export to combat rural poverty, delegates said at an ongoing session of the legislative National Assembly on Wednesday.
— Fresh Plaza

Minister: budget overspending to be kept within limits
The Government will keep State budget overspending not to exceed 3.5 percent of GDP and less than 178 trillion VND (7.8 billion USD) as set by the National Assembly (NA), said Finance Minister Dinh Tien Dung.
— VietnamPlus

Honey exporters eye EU market
The European market has high demand for honey, offering great opportunities for Vietnamese honey producers to boost exports.
— Viet Nam News BizHub

Dong Nai: 1.7 billion USD in trade surplus in ten months
The southern province of Dong Nai enjoyed a trade surplus of 1.7 billion USD in the January-October period, according to the provincial statistic office.
— VietnamPlus

Vietnam’s livestock, poultry meat market worth $18 billion
More than 3 million tons of meat were consumed in Vietnam in 2016, according to Euromonitor. With a value of $18 billion, Vietnam is the third largest market for meat in Asia, behind China and India
— Vietnamnet Bridge

Passengers to receive compensation for canceled, delayed flights
From November 1, airline passengers will receive compensation when their flights are canceled or delayed, according to the Ministry of Transport.
— Viet Nam News BizHub

From December, Vietnamese eligible to gamble at casinos
From December 1, 2017, Vietnamese who can show a minimum income of VNĐ10 million (US$440) per month are eligible to gamble at a casino.
— Viet Nam News

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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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