Vietnam Morning News For September 11

Vietnam Morning News For September 11
Estimated Reading Time: 6 minutes |

Vietnam morning news

Vietnam prosecutes former c.bank exec for “lack of responsibility”
Vietnam police said on Friday they had charged a former central bank deputy governor with “lack of responsibility”, as the country extends its corruption crackdown in the banking and energy sectors.
— Reuters

State Divestment: Exciting Opportunities For Investors
The government hopes that equitisation will increase the efficiency and improve the management of the State-owned enterprises (SOE) which have been suffering from inefficiency for years.
— Vietnam Briefing

Is Vietnam’s minimum wage structure sustainable?
Next year’s pay rises will still be far below a living wage for those lucky enough to receive them.
— VnExpress

Leather, shoe exports top $9.6b
Leather and footwear exports in the first eight months topped US$9.64 billion, a year-on-year increase of 12.2 per cent, according to the Ministry of Industry and Trade.
— Viet Nam News

Vietnam floating market struggles to stay above water
Fixing weighing scales used to be good business on Vietnam’s floating Cai Rang market, but the last repairman on the river now makes just a few dollars a month as modernity pushes traders to land.
— Channel NewsAsia

Vietnam named most affordable country in the world for foreigners
Nearly one in five said they have far more money at their disposal than their lifestyles require.
— VnExpress

Dak Lak calls for investment from Australian firms
A delegation of the Central Highland province of Dak Lak, led by Vice Secretary of the provincial Party Committee Y Bier Nie, held a workshop in Sydney, Australia to call for Australian investment in the province.
— VietnamPlus

Ayala to develop renewable plants in Vietnam
AC Energy Holdings Inc., the power generation unit of conglomerate Ayala Corp., unveiled a plan to build renewable energy plants with a combined capacity of several hundreds of megawatts in Vietnam over the next two to three years.
— manilastandard.net

E-commerce experts talk Vietnam’s future
Some top experts in payments, e-commerce and retail gave their insights into the future of online trading in Vietnam at a recent two-day seminar in HCM City.
— VietnamPlus

Vietnam capitalises on RoK development funding
Minister of Planning and Investment Nguyen Chi Dung has visited the Republic of Korea to attend a celebration of the Korea Economic Development Cooperation Fund (EDCF)’s 30th founding anniversary.
— VietnamPlus

Vietnam urged to prepare for no-ODA period
Economists have a positive outlook for Vietnam’s medium- and long-term development with GDP predicted at above 6 percent.
— VietnamNet Bridge

Vietnamese insect-meal producer seeks $9m investment after competition success
Vietnam-based insect-meal producer Entobel is looking for a partnership in the Southeast Asian country to help produce its black soldier fly-based products commercially.
— Undercurrent News

Doubling of imported used car tax proposed
Importing used cars with nine seats and less will become harder if a proposal to raise used car tariffs is approved by the Government.
— Viet Nam News

Association helps to forge Vietnam-US ties
The Vietnam-US Friendship Association in Hanoi held its fifth congress in the capital city on September 9, putting forth a range of measures to improve its operational efficiency during 2017-2022.
— VietnamPlus

Analysts forecast VN-Index drop
Việt Nam’s benchmark VN-Index reached a 10-year high last week on the back of a few blue chips. However, the gain was unstable and the index could face a short-term drop in the coming sessions.
— Viet Nam News

Part 2: Van Don commercial port awakens
Van Don, covering an area of 550 kilometers and comprising 600 islands in southeastern Quang Ninh province, was a commercial port which prospered well throughout the three dynasties of Ly, Tran and Later Le.
— VietnamNet Bridge

Experts urge use of biotech corn
Việt Nam has policies to help expand the cultivation of biotech corn, but the cultivation area for the crop remains modest, according to the Crop Production Department.
— Viet Nam News

VN sends 1st poultry batch to Japan
The first batch of Vietnamese chicken was exported to Japan on Saturday, marking a milestone in the country’s efforts to open the discerning Japanese market.
— Viet Nam News

APEC forum helps SMEs enhance digital competitiveness
The APEC Online-to-Offline (O2O) Forum was held in Ho Chi Minh City on September 10 to foster digital competitiveness and resilience of small-and medium-sized enterprises (SMEs) and startups.
— VietnamPlus

Consumers increasingly tech-savvy: Nielsen
Viet Nam is home to a growing number of tech-savvy “connected consumers” that global corporations will increasingly seek to court, according to a study conducted by Nielsen in cooperation with Demand Institute.
— Bizhub

VN’s value chain integration praised by WB
According to the World Bank (WB), Việt Nam has integrated into the global value chain and improved national economic progress and productivity through creative policy making for the transportation, service, border control and regional co-operation sectors.
— Viet Nam News

IPO at any cost might risk market manipulation
The 2016 audit report of the State Audit of Vietnam on the valuation of some state-owned enterprises before equitisation has shown that state capital worth trillions of dong might be lost since the methods used to value enterprises are still inadequate.
— VietnamNet Bridge

Vietnam aims to narrow rich-poor gap
The Vietnamese Party and State have yearned for a fair society where all citizens have the right to contribute and enjoy benefits. Vietnam is now set to narrow the wealth gap to realize the long-term goal of social fairness.
— Vietnam Times

​Carlsberg eyes at least 51 pct stake in Vietnam’s Habeco – media
Danish brewer Carlsberg is keen on increasing its stake in Habeco, one of Vietnam’s biggest brewers, to at least 51 percent, a local news website reported, citing a Habeco executive.
— Tuoi Tre

EVN & Vinacomin agree on coal purchase price
The State-run power monopoly Electricity of Vietnam (EVN) and its coal supplier the Vietnam National Coal and Mineral Industries Holding Corp. (Vinacomin) have finally reached an agreement on the coal price for power production.
— Vietnam Economic Times

Trung Son Hydro Power Station underway
The Toshiba Corporation announced recently that all hydro turbines and generators in units 1 to 4 at the Trung Son Hydro Power Station in north-central Thanh Hoa province, manufactured by Toshiba Hydro Power Hangzhou (THPC), have begun commercial operations.
— Vietnam Economic Times

Green resistance mounts in communist Vietnam
Environmental causes have unified Vietnamese social activists across geography, class and ideals, a politically potent convergence the ruling Communist Party is struggling to stop
— Asia Times

​Vietnamese province halts entertainment project over repeat violations
The construction of the Nha Trang Star entertainment complex in south-central Khanh Hoa Province has been indefinitely terminated for investigation into the violations of its developer.
— Tuoi Tre

 

Feature photo ADB Photo/Tran Viet Tuan
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

Sreypov Men

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
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