Vietnam Morning News For September 7

Vietnam plans to sell Vinamilk shares at 154,000 dong each: gov’t
The Vietnamese government plans to sell 3.33 percent of its Vinamilk shares at 154,000 dong ($6.78) each, higher than the previous estimate, according to a government document seen by Reuters on Tuesday.
— Tuoi Tre

FDI to Vietnam is mostly from Asia, with South Korea ranked first
The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent compared with the same period last year.
— VietnamNet Bridge

Ministry outlines three growth scenarios for 2018
The Ministry of Planning and Investment has outlined three scenarios for economic growth next year as part of its preparation for developing a socio-economic plan.
— Viet Nam News

Industry 4.0 demands coordination: Deputy PM
Deputy Prime Minister Vũ Đức Đam called on all society to co-ordinate to create momentum for the so-called fourth industrial revolution, or Industry 4.0, using new digital technologies.
— Viet Nam News

Joint education programs expected to boost Sino-Vietnam all-round cooperation: official
China’s Zhejiang University of Technology on Wednesday signed a contract with Vietnamese partners to deliver the Master of Business Administration (MBA) course and a bachelor program in Vietnam.
— Xinhua

Vietnam spends over $1bn importing veg in Jan-Aug 2017
In the Jan-Aug period of this year, Vietnam imported more than US$1 billion worth of fruits and vegetables, a massive 94 percent increase on a year earlier, according to the agriculture ministry.
— Tuoi Tre

Nissan unveils new electric car in bid to drive off competition
Japanese giant Nissan Wednesday unveiled a new electric car with an extended range and semi-autonomous driving functions, as it seeks to battle off competitors in a sector it once pioneered.
— VnExpress

Regina Miracle project increases capital to 500 million USD
The Regina Miracle International Vietnam Project has increased its investment capital to 500 million USD from 350 million USD.
— VietnamPLus

Coal company earnings up 9%
Việt Nam National Coal and Mineral Industries Group (Vinacomin or TKV) recorded revenue of VNĐ69.8 trillion (US$3 billion) in the first eight months of this year, the company has announced.
— Viet Nam News

Warnings over previous Made in Vietnam car failure
Huyen said that he carried out research on Made in Vietnam car production and they had been highly appreciated by the National Council for Science and Technology Policy. After that, he implemented the project in line with the research.
— VietnamNet Bridge

Sollers plans to set up assembly production in Vietnam in 2018
Sollers automobile holding company plans to create an assembly facility in Vietnam in 2018, the company’s general director Vadim Shvetsov told TASS on the sidelines of the Eastern Economic Forum.
— TASS

P&G hosts Leadership College workshop for SMEs, launches “Signal Accelerator”
Procter & Gamble (P&G) hosted the P&G Leadership College for SMEs on September 6 in Hanoi, in parallel with the SME Ministerial Meeting of APEC 2017.
— Vietnam Economic Times

Hà Nội fines fake mail trucks
Investigators from Hà Nội’s transport department recently slapped fines on fake mail trucks that were violating road and traffic rules.
— Viet Nam News

VN to build customs bond system
The GATF and the Viet Nam Private Sector Forum (VPSF) launched their joint project on customs bond last Friday, aimed at facilitating customs clearance in Viet Nam. A customs bond is an agreement that ensures that any importer will pay all fees and taxes paid as well as operate according to all laws and regulations.
— VietnamNet Bridge

Minister slams slow pace of agriculture investment
Minister of Agriculture and Rural Development (MARD) Nguyễn Xuân Cường said yesterday efforts to attract investment in agriculture were not yielding sufficient fruit, urging authorities to focus on unbuckling bottlenecks to ease investment.
— Viet Nam News

Goh Ban Huat eyes sanitaryware expansion in Vietnam
Goh Ban Huat Bhd (GBH) is looking at expanding its sanitaryware business into the Vietnamese property market, said its executive director David Lai.
— The Edge Markets

Central economic commission head attends Eastern Economic Forum
Head of the Party Central Committee’s Economic Commission Nguyen Van Binh joined top officials from 60 countries worldwide at the third Eastern Economic Forum (EEF) which opened in Vladivostok city on the Far East of Russia on September 6.
— VietnamPlus

PM gives nod to administrative decentralisation in HCM City
Prime Minister Nguyen Xuan Phuc agreed in principle with Ho Chi Minh City’s proposal on administrative decentralization to a maximum possible extent during a working session in Hanoi on September 6 with the Standing Board of the municipal Party Committee.
— VietnamPlus

Casino business: Commercial banks allowed to provide services
Commercial banks will be allowed to trade and provide foreign exchange services related to the casino business from next month.
— Bizhub

Egypt’s Sisi eyes $1bn in trade on Vietnam visit
Vietnam and Egypt agreed on Wednesday to nearly triple trade to $1 billion including with ship-building and IT contracts, as Egypt seeks to kick-start its sputtering economy and forge ties with fast-growing Asian nations.
— news24

Feature photo ILO in Asia and the Pacific
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