Vietnam Morning News For October 19

Vietnam Morning News For October 19

Vietnam morning newsVietnamese banking tycoon appeals life sentence following massive graft trial
Ha Van Tham asked the court to reconsider the embezzlement charges he has been convicted of.
— VnExpress

Vietnam scraps planned parenthood in revised population policy
For the first time in 50 years, Vietnam has shifted its population policy from ‘planned parenthood’ to ‘maintaining stable birth rates’.
— Tuoi Tre

Payroll Obligations in Vietnam
After setting up a business in Vietnam, the next big hurdle is hiring the staff that you will need to help grow your operation.
— Vietnam Briefing

Will Japanese petroleum distributor succeed in Vietnam?
A favourite topic for gossip among office workers, taxi and truck drivers recently has been the opening of a new foreign-owned filling station in Thang Long IZ in Hanoi.
— VietnamNet Bridge

Roadshow introduces auction of SCIC’s stake at Vinamilk
The State Capital Investment Corporation (SCIC) organised a roadshow in Ho Chi Minh City on October 18 to introduce opportunities from the offloading of its 3.33% stake at the Vietnam Dairy Products Joint Stock Company (Vinamilk).
— Nhan Dan Online

Telecoms, IT, retail firms top Vietnam’s profit-making list
The ranking, announced by Vietnam Report Company on October 17, revealed that the industries witnessed high profit growth despite accounting for a small number on the list, with 3.6 percent and 1.2 percent of the total companies, respectively.
— VietnamNet Bridge

Brokerage shares keep VN Index up despite profit-taking
Shares rose slightly on the HCM Stock Exchange on Wednesday morning, boosted by brokerage firms.
— Bizhub

International woodworking fair opens in HCM City
The 12h Việt Nam International Woodworking Industry Fair opened in HCM City on Wednesday, with over 350 firms from 28 countries and regions taking part.
— Viet Nam News

Vietnam arrests dissident for attempt to overthrow government
Vietnamese police have arrested a dissident accused of attempting to overthrow the government, the communist state’s official website said on Wednesday, bringing to at least 17 the number of dissidents arrested this year.
— Reuters/Business Insider

China Photovoltaic Industry Association established in Vietnam
China’s Photovoltaic (PV) Industry Association was set up on Tuesday, the first Chinese trade association established by the China Chamber of Commerce in Vietnam aimed at boosting economic and trade cooperation between the two countries.
— China Daily

Flood-hit areas prepare for disease outbreaks
The Department of Preventive Medicine under the Ministry of Health warned yesterday that flooding and rains in central and northern provinces could trigger disease outbreaks.
— Viet Nam News

Deputy PM urges equitisation of Vinafood 2
Deputy Prime Minister Vuong Dinh Hue, has requested the Ministry of Agriculture and Rural Development (MARD) and the Ministry of Finance (MoF) to carry out the equitisation of Viet Nam Southern Food Corporation (Vinafood 2) in accordance with the approved scheme.
— Bizhub

Car imports plummeted in September
Việt Nam spent over US$165 million importing 6,111 complete built-up cars in September, a 22 per cent reduction compared to previous month, according to the preliminary report of the General Department of Customs.
— Viet Nam News

​Son Kim Group confirms plan to bring GS25 convenience chain to Vietnam
A multifaceted Vietnamese company will bring South Korean convenience chain GS25 to Vietnam via a joint venture with its parent firm, a representative said on Tuesday, confirming speculation.
— Tuoi Tre

Labor exports: concern about Vietnam’s human resources
A report from the Vietnam Association of Manpower Supply (VAMAS) says that 126,296 Vietnamese are working abroad. The number of workers sent to Japan and South Korea, the two key markets, were 39,938 and 8,442, respectively.
— VietnamNet Bridge

Economy stable, inflation kept at under 4%
The Government reported on Tuesday to the National Assembly that the macro economy remains stable, inflation is controlled under 4 per cent, and the annual growth target of 6.7 per cent is likely to be achieved.
— Bizhub

Online education booms in Vietnam
Hoa, an administrative officer at a privately run construction company in Hanoi, wanted to leave to work for a foreign company and needed to practice English skills.
— VietnamNet Bridge

[New Opening] Club Med Ho Tram, The Undiscovered Jewel of Vietnam
Club Med, the pioneer of the Premium All-Inclusive holiday concept, has announced plans to open Club Med Ho Tram, its first resort in Vietnam.
— Asia One

Opportunities ripe for the taking for investors in Vietnam: report
There are five promising sectors in the country that investors can cash in on now, according to PricewaterhouseCoopers.
— VnExpress

Vietnam Nutraceuticals Market Outlook to 2021 – Rising Demand For Infant Products and Probiotic Supplements to Foster Future Growth – Research and Markets
The “Vietnam Nutraceuticals Market Outlook to 2021 – Rising Demand For Infant Products and Probiotic Supplements to Foster Future Growth” report has been added to Research and Markets’ offering.
— Business Wire

Deputy PM highlights ICT business opportunities
Deputy Prime Minister Vu Duc Dam has highlighted business opportunities in information and communication technology (ICT) in Vietnam on the back of its 100 million population with 60 percent aged below 35 and many subscribing to Internet.
— VietnamPlus

HCM City has 24,000 Grab and Uber cars
The HCM City Trasport Department has revealed that by the end of September there were 25,000 under 9-seat cars working in ride share networks, with Grab and Uber, more than double traditional taxis that have just 11,000 vehicles.
— Viet Nam News

Vietnam dong, gold and interbank rates
Here’s a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0402 GMT.
— Times Of India

Social media could give SMEs global reach: experts
Small- and medium-sized enterprises (SMEs), which make up 90 per cent of businesses in Viet Nam, should take advantage of new marketing tools like social media to have access to global value chains, experts said at a meeting held on Tuesday in HCM City.
— Bizhub

Related party transaction practices in need of improvement
From regulators to international experts, a range of stakeholders came together to discuss the most effective ways to tackle conflict of interest and related party transactions (RPTs) at the Corporate Governance Forum 2017 in Ho Chi Minh City a few days ago.
— Vietnam Economic News

Feature photo ILO/Nguyen Viet Thanh
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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