Welcome to the Vietnam morning news roundup by AEC News Today, your one stop for Vietnam news on matters of governance and policies affecting Asean business communities.
Vietnam Is Getting Closer To Its Rival China Because Neither Side Trusts Trump
Less than a year ago Vietnam was counting on U.S. support in building up a defense against China. Vietnam and China have clashed over land for centuries. Now the Asian neighbors bitterly dispute much of the sea closest to their shores, with China taking more control as the world’s No. 2 economy and No. 3 military power.
7-Eleven starts hiring ahead of Vietnam debut
Japan’s convenience store chain 7-Eleven has started hiring staff for its Vietnam operation, as it seeks to expand retail business to one of Asia’s fastest-growing economies.
Vietnam’s Dung Quat refinery sees 2017 gross profit down on lower oil prices
Dung Quat refinery, Vietnam’s sole such facility, is expected its gross profit to plunge 66 percent this year to VND1.68 trillion ($74 million) on an expected drop in crude oil prices and shorter production time, its operator firm said.
Vietnam reports H5N6 and H5N1 outbreaks as Europe battles more H5N8
Animal health officials in Vietnam reported the first outbreaks of the year involving two highly pathogenic avian flu strains—H5N6 and H5N1—as five European countries reported more outbreaks of H5N8 in both wild birds and poultry.
– Center for Infectious Disease Research and Policy (CIDRAP)
Vietjet, Airbus team up to open pilot training school
Vietnam’s only privately-owned airline Vietjet will join Airbus to open a pilot training center in Ho Chi Minh City to meet the rapidly growing demand for cockpit crew in the country
Opportunities exist for rice exports in high-end market
Soon after Vietnam began harvesting the 2016-2017 winter-spring crop, the Thai government announced it planned to sell all its stockpiled rice – estimated at 8 million tons – in the first half of 2017.
Vietnam: Angel investors launch $5m Innovatube Fund, focus on frontier tech
Innovatube, a Vietnam-based startup activator, has launched its maiden $5 million pre-seed fund for Southeast Asian startups and has re-defined itself as a venture capital firm.
– Deal Street Asia
E-commerce market sees many newcomers
The departure of many players from the e-commerce market after spending all of their money did not threaten daring investors. More and more newcomers have appeared in the market recently.
US digital media and multimedia giant opens Vietnam office
Thoughtful Media Group (TMG), a global multi-channel network (MCN) with offices in Ho Chi Minh City, Los Angeles, Shanghai and Bangkok, works worldwide with content creators and social media influencers by supporting their channels and orienting their content, as well as facilitating advertising campaigns between creators and international and local brands.
Vietnam PM aims high on shrimp exports
VIETNAM’S Ministry of Agriculture and Rural Development has set a shrimp export target of $10 billion by 2030.
– The Nation
1 killed as Vietnamese vessel attacked by pirates near Philippines
Armed pirates reportedly attacked the ship and abducted six crew members before leaving it behind.
Feature photo: Vietfriendtravel
The Vietnam morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.