Vietnam Morning News For November 8

Vietnam Morning News For November 8

Vietnam morning newsNew petrol import tax benefits people
Normally, the ministry announced the petrol basis price and the import tax based on weighted average of the tariffs at the first month of every quarter.
— VietnamNet Bridge

Vietnam’s neighbours, ASEAN, targeted by hackers:
A hacking group previously linked to the Vietnamese government or working on its behalf has broken into the computers of neighbouring countries as well as a grouping of Southeast Asian nations, according to cybersecurity company Volexity.
— Channel NewsAsia

Vietnam: Vincom Retail raises $740m from GIC, Templeton, HSBC, others in IPO
Vincom Retail, the shopping mall operator under Vietnam’s leading property developer Vingroup, has completed its $740 million initial equity offering and made its debut on the Ho Chi Minh City Stock Exchange (HOSE).
— DealStreetAsia

VN Index hits trading value high
Shares advanced for a third session on the HCM Stock Exchange on Tuesday as property developers and energy firms were able to maintain momentum.
— Viet Nam News

ExxonMobil-Vietnam gas project on track for 2019
ExxonMobil’s multi-billion dollar Blue Whale gas project with Vietnam is on track for final agreement by 2019, a top company executive said on Tuesday (Nov 7).
— Channel NewsAsia

VINACAPITAL VIETNAM OPPORTUNITY: Investment trust looking to profit from the jewel in the crown of frontier markets
It is more than 50 years since the start of the Vietnam War when the north of the country was pitted against the south.
— Mail Online

Đồng Nai’s FDI attraction surpasses annual target
The attraction of foreign direct investment (FDI) in the southern province of Đồng Nai has, so far, this year surpassed the US$1 billion target set for the entire 2017.
— Viet Nam News

Vietnam keen on salvaging Pacific trade deal minus US
Vietnam seeks a preliminary deal this week on moving forward with the Trans-Pacific Partnership trade pact without U.S. participation, President Tran Dai Quang told Japan’s TPP point man here Tuesday, even though the smaller group would not include the Southeast Asian nation’s biggest export market.
— Nikkei Asian Review

Ha Noi calls for Finnish investments
Ha Noi has called for investments from Finland in water supply, renewable energy, waste treatment and smart-city solutions.
— Bizhub

Japan a long-term partner of Vietnam: President
The President expressed his delight over the strong, comprehensive and substantial development of the intensive strategic partnership in various fields.
— VietnamNet Bridge

Potential Sabeco bidder Fraser and Neave says Vinamilk valuation is benchmark
A potential bidder for Saigon Beer Alcohol Beverage Corp. says Vietnam’s biggest brewer is too expensive at its current share price and the valuation of the nation’s largest consumer company should be the benchmark.
— DealStreetAsia

Mineral sector posts low growth rate
The growth rate of the mineral exploitation sector in the first 10 months of the year posted a decline of 7.4 per cent from the same period last year.
— Viet Nam News

450 firms to attend Vietbuild 2017
Nearly 1,500 booths of 450 firms in real estate, exterior-interior decoration, construction and building materials will be set up during the Viet Nam International Construction Exhibition (Vietbuild) 2017.
— Bizhub

Typical Vietnamese products introduced to APEC 2017 delegates
The Vietnam Chamber of Commerce and Industry (VCCI) is organising an exhibition in the central city of Da Nang to introduce typical products of all 63 cities and provinces across Vietnam to delegates from 21 APEC member economies.
— VietnamPlus

Tourism projects worth 2.7 billion USD launched in Quang Ninh
A series of projects worth a total 61 trillion VND (2.7 billion USD) will be built in the Van Don Special Administrative – Economic Unit, the northern province of Quang Ninh in 2018, according to Deputy Head of the management board of Quang Ninh economic zone Hoang Trung Kien.
— VietnamPlus

Bitcoin regulation headaches reemerge in Vietnam
The question Bitcoin regulation is back on the table in Vietnam after a private university announced plans to accept tuition payments in the cryptocurrency despite the central bank reiterating its position that the digital currency is outlawed in the country.
— Tuoi Tre

Vietnam’s Business Owners Are Loving Facebook
Quang Dang built a business with 200 staff selling lipstick and perfume. His secret to success? Once-banned Facebook.
— Bloomberg

Over 200 businesses to join VietFood & Beverage – ProPack 2017 in Hanoi
More than 200 domestic and foreign businesses will participate in the VietFood, Beverage and Professional Packing Machines (VietFood & Beverage – ProPack) international exhibition 2017, which is scheduled to take place in Hanoi from November 8-11.
— VietnamPlus

40% increase in bilateral trade with India: Vietnamese Ambassador
There has been an over 40 per cent increase in bilateral trade between India and Vietnam in the first nine months of this year compared to the same period last year, Vietnamese Ambassador Ton Sinh Thanh said on Tuesday.
— Business Standard

Tetra Pak introduces new ice cream packaging
Tetra Pak has recently launched the Tetra Fino Aseptic 100 Ultra MiM, a new package that offers an opportunity for manufacturers to produce liquid dairy and juice drinks using their existing production processes and market them as ice cream and frozen products.
— Vietnam Economic Times

 

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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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