Vietnam Morning News Roundup For March 3

Vietnam Morning News Roundup For March 3
Estimated Reading Time: 4 minutes |

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 morning news

Gov’t guarantees reduced to 70%
The Ministry of Finance on Wednesday announced that the maximum level of Government guarantees for a programme or project has been reduced to 70 per cent from 80 per cent.
— Viet Nam News biz hub

China Challenges Vietnam With A Revival Of Its World Factory Status
China used to be the world’s factory. It overtook the United States in 2011 as the biggest producer of manufactured goods. Factories were an “engine” that raised Chinese living standards by doubling per capita GDP in the 10 years ending in 2013, according to a McKinsey & Co. report.
— Forbes

Total outstanding loans up in HCM City
Total mobilised capital of credit institutions in HCM City in the first two months of the year was estimated at VND1.78 quadrillion (US$78.03 billion), an increase of 0.31 per cent over the end of 2016 and up 13.18 per cent over the same period last year, according to the State Bank of Viet Nam’s HCM City branch.
— Viet Nam News biz hub

Hà Nội’s Customs Department launches online services
The municipal General Department of Customs on Wednesday officially began offering online services at Level 3 and Level 4 for 46 administrative procedures for people and businesses.
Viet Nam News

Prospects for Vietnam’s leather and footwear industry without TPP
A TPP without the US will cast a shadow over the potential tax cuts and, to a certain degree, affect Vietnam’s chance of boosting exports of leather and footwear products to the US which is currently one of Vietnam’s largest markets.
VietNamNet Bridge

VN auto industry braces for import challenge
The domestic auto industry will need several supporting measures including technical barriers to “create differences” between locally-made and imported cars, officials and industry insiders agree.
— Viet Nam News biz hub

Saigon Will Have Better Medical Facilities Than Singapore by 2020: Health Official
Last week, an official from the Ho Chi Minh City Department of Health claimed the southern hub could have better medical facilities than Singapore by 2020.
Saigoneer

Vietnam uses robot for neurosurgery for first time
This is the firs time a hospital in Vietnam has used robot in brain and nerve operation contributing to boost the application of hi-tech in treatment.
— Saigon Daily

Textile & garment, seafood manufacturers worried about Brexit
The uncertainties of the EU economy with the Italian PM stepping down and the UK & Northern Ireland leaving the EU will adversely affect Vietnam’s exports to the large markets.
VietNamNet Bridge

Vietnam commissions last two of six Russian-built attack submarines
The Vietnam People’s Navy (VPN) has commissioned the last two of six Project 636 ‘Kilo’-class diesel-electric attack submarines (SSKs) ordered from Russia in 2009, the Ministry of National Defence (MND) in Hanoi announced in a press statement.
IHS Janes 360

Vietnam has 200 super-rich people
Vietnam has 200 super-rich people, with fortunes valued at US$30 million or more, according to the Wealth Report 2017 by the UK’s leading independent real estate consultancy Knight Frank.
The Jakarta Post

Does Vietnam have 50 young self-made dollar millionaires?
The Vietnamese representative for Facebook has made a shocking revelation that 50 young people, aged 19-20, have become self-made dollar millionaires.
VietNamNet Bridge

Vietnam promises legal aid for ‘airport assassin’
Vietnam on Thursday emphasised the legal support it was giving a Vietnamese woman charged in the bizarre murder of Kim Jong Nam in Malaysia after growing calls at home for more action to help her.
Bangkok Post

Travel firms want open visa policy to lure tourists
A report of the General Statistics Office (GSO) showed that in February 2017, Vietnam received 1.19 million foreign travelers, an increase of 19.1 percent over the month before and 42.2 percent over the same period last year. More than 2.2 million foreign travelers have visited Vietnam so far this year, up by 33 percent.
— VietNamNet Bridge

Branding, mass media and community outreach: How Vietnam boosted complementary feeding for infants
More infants in Vietnam received complementary foods thanks to a widespread social franchising, marketing and branding campaign that targeted new mothers, providing ‘rigorous evidence’ that such strategies can help combat malnutrition.
Food Navigator-Asia

Vietnam’s wood product exporters see room for growth
EXPORTS of wood and wood products are expected to reach $8 billion this year, up from $7.3 billion last year.
The Nation

Quang Ninh becomes new center of resort real estate market
With big real estate players such as Vingroup, Sungroup and FLC and the provincial authorities’ policy on investment in infrastructure, Quang Ninh has become a new magnet in the resort real estate market.
— VietNamNet Bridge

Australia and Vietnam commence work and holiday visa agreement
The program offers up to 200 multiple-entry one-year work and study visas to citizens of both countries.
VN Express

What Happened at Samsung Factory in Vietnam?
Samsung is having a terrible week. First its de facto head Lee Jae-yong was indicted on Tuesday with multiple crimes in connection with the Choi Soon-sil scandal. He is accused of, among other things, embezzling company funds to bribe Choi, to get favorable treatment from the government.
— Korea Expose

 

 

Feature photo: Takmeomeo

 

 

The Vietnam morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

 

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John Le Fevre

John Le Fevre

Managing Editor at AEC News Today
John is an Australian national with more than 35 years experience as a journalist, photographer, videographer and copy editor.He has spent extensive periods of time working in Africa and throughout Southeast Asia.He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests.In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post.

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