Vietnam Morning News For October 26

Vietnam Morning News For October 26

Vietnam morning newsFirms must adapt to FTA changes
As part of the ASEAN Trade in Goods Agreement (ATIGA), Việt Nam will cut 669 tariff lines to zero per cent starting in January 2018.
— Viet Nam News

Forum seeks to tackle bottlenecks to boost growth in Vietnam
Experts and policy makers gathered at a forum held by the Central Institute for Economic Management (CIEM) in Hanoi on October 24, to discuss policy solutions for 2018-2020 in order to boost growth model reform in Vietnam.
— Nhan Dan Online

Vietnam jails student activist six years for propaganda against the state
A Vietnamese student activist was jailed for six years plus four years of probation by a local court on Wednesday for conducting propaganda against the state, his lawyer said.
— Reuters/Business Insider

ANA, Vietnam Airlines to expand code-share program
TOKYO — All Nippon Airways and Vietnam Airlines will offer code-share flights between the Southeast Asian country and neighboring Cambodia in an effort to capture more tourism demand.
— Nikkei Asian Review

BIDV’s pre-tax profit touches $266 million
Bank for Investment and Development of Việt Nam (BIDV)’s total assets reported pre-tax profit of VNĐ6 trillion (US$266 million) in 2017’s first nine months, posting a year-on-year increase of 6.7 per cent.
— Viet Nam News

Vietnam Aquaculture Expo and Forum opens in Can Tho
The Vietnam Aquaculture Expo and Forum 2017 officially opened at the Can Tho International Exhibition Fair Centre in the Mekong Delta city, on October 25.
— Nhan Dan Online

Vietnam Seafood Processors Concerned Over New Criteria, Standards
That Government agencies have set out new criteria and standards has forced enterprises to shoulder a heavier cost burden, heard a seminar yesterday on wastewater standards in the seafood processing sector.
— Seafood News

New-generation FTA critical to Vietnam-EU economic ties: workshop
Vietnam hasn’t had any free trade agreements (FTAs) with EU member countries, but with the importance of Vietnam-EU relations, a bilateral new-generation FTA is critical to promoting their economic ties.
— VietnamPlus

Vietnam attaches importance to capital market: Deputy PM
Deputy Prime Minister Truong Hoa Binh has stated that the Vietnamese government attaches considerable importance to developing the capital market as a way of boosting economic growth.
— VietnamPlus

Saigontourist, VNPT cooperate to build smart travel solutions
Notably, with the commitment to provide the best telecommunication products and consultancy services to Saigontourist, VNPT will supply and cooperate with Saigontourist in developing and deploying smart travel solutions (Smart Tourism).
— VietnamNet Bridge

No extra funding to save loss-making projects
The minister said the ministry would resolutely handle these projects in line with market mechanisms. “The Government and the ministry will take proper measures to prevent governance weaknesses at State-owned enterprises from recurring.”
— VietnamNet Bridge

VAMC buys $1.12 billion bad debts this year
The Viet Nam Asset Management Company bought more than VNĐ25.53 trillion (US$1.12 billion) of non-performing loans from 14 credit institutions in the first nine months this year.
— VietnamNet Bridge

Vietnam seafood exporters: EU yellow card an ‘opportunity to improve’
The issuing of a yellow card will have repercussions for Vietnam’s seafood sector, but industry body hopes that the implementation of new, stricter procedures will see it retain its place in the EU market.
— IntraFish

Ministry promises to reduce business barriers for rice exporters
Decree 109 on rice export management has been facing opposition from the business circle since the day it took effect six years ago. The legal document is described as setting too many barriers that prevent businesses from exporting rice.
— VietnamNet Bridge

RCEP ‘mega trade deal’, FTAs to boost trade, investments in Asia, Pacific­­–ADB
The Asian Development Bank (ADB) said trade agreements in Asia and the Pacific, including the “mega trade deal” Regional Comprehensive Economic Partnership (RCEP), are breathing new life into global value chains.
— Business Mirror

NA deputies call for consistency and feasibility of planning law
National Assembly (NA) deputies called for several points in the draft Law on Planning needed to be revised to ensure its consistency and feasibility during discussion on Wednesday morning at the fourth plenary session of the 14th NA.
— Bizhub

Vietnam re-export 90% of imported Thai fruit to China
In the first nine months of the year, Vietnam imported $680 million worth of fruits from Thailand, or 60 percent of total fruit imports however, most was re-exported to China, according to the General Department of Customs (GDC).
— Fresh Plaza

Officetels, condotels need regulations
The HCM City Real Estate Association (HoREA) has urged the Government to ensure condotels and officetels are not used primarily as apartments, warning that would cause problems for urban planning and infrastructure and transport.
— Bizhub

HPL Group co-organizes indoor air quality conference
The HPL Group cooperated with the AICA KOGYO Group from Japan, the JOWAT Group and the HOMAG Group from Germany, and the MAKOR Group from Italy to hold a conference on “Trends in the Production and Use of Industrial Wooden Furniture and the impact on IAQ” (indoor air quality) on October 24.
— Vietnam Economic Times

Natural rubber market struggles
The natural rubber market is anticipated to continue struggling due to plunging prices, according to the Association of Natural Rubber Producing Countries (ANRPC).
— Bizhub

​Vietjet opens two routes from Ho Chi Minh City to Phuket, Chiang Mai
Vietnam’s budget carrier Vietjet is set to open two new routes from Ho Chi Minh City to Thailand’s Phuket and Chiang Mai, and is celebrating with a short term ticket sale.
— Tuoi Tre

Branding remains problematic for SMEs
Small and medium-sized enterprises (SMEs) still bear many shortcomings, such as a lack of capital, limited management skills, and poor human resources, which lead to low productivity, while branding isn’t given sufficient attention, according to the Association of Vietnamese Retailers (AVR).
— Vietnam Economic Times

Vietnamese state firms sitting on mountain of rising debt
Combined debts at state-owned companies climbed to more than $66 billion last year.
— VnExpress

Casino finds itself in royal mess at Vietnam’s top resort town
The owners have reported multi-million dollar losses, blaming a drop in Chinese gamblers visiting Ha Long Bay.
— VnExpress

 

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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