Vietnam Morning News For April 18

Vietnam Morning News For April 18

Vietnam morning newsMade-in-Vietnam products dominate supermarket shelves
A campaign aimed at getting locals to buy Made-in-Vietnam products has gained positive results, with the ratio of the products sold at most of supermarkets reaching 65-95 percent.
— The Hanoi Times

Banks banned from making transactions involving cryptocurrencies
Commercial banks and intermediary payment service providers must intensify their inspections and promptly report any suspicious transactions related to cryptocurrencies.
— Nhan Dan Online

Textile, garment exports to United States climb to US$3.15 billion
Vietnamese textile and garment exports to the United States in the first quarter of this year hit three-year high of approximate US$3.15 billion, a year-on-year increase of 13.2 percent, reports from the General Department of Customs showed.
— The Hanoi Times

Vinasun cuts revenue forecast
Taxi firm Vietnam Sun Corporation (Vinasun) plans to cut its full-year revenue for the fourth time for 2018 due to rising competition from foreign ride-hailing firms.
Bizhub

New bill expected to promote PPP investment activities
The Ministry of Planning and Investment (MPI) has proposed building a draft law on investment in public-private partnership (PPP) models, including BOT (build-operate-transfer) form, which is expected to become a legal foundation for all PPP investment activities.
— VietnamPlus

Lawmakers lament lousy logistics limitations
High logistics costs and inefficient logistics networks continue to provide a challenge for policy makers, hamper businesses, and threaten competitiveness.
— Bizhub

Vietnamese steel sector looks to overcome trade defence measures
With growth of up to 22 percent forecast this year and firms with bright prospects, Vietnam’s steel industry has high potential to reach many markets if it overcomes difficulties in trade defence lawsuits and high import volume.
— VietnamPlus

Japanese retailers rush to expand distribution network in Vietnam
Japanese retailers are pursuing their business strategy to rapidly enlarge their network in the convenience store, mini mart and mall segments in Vietnam within the next few years to better tap the potential market.
— The Hanoi Times

Vietnam’s ‘mini-China’ story fuels one of world’s top share markets
Bolstered by an improving economy and a wave of listings that has drawn money from big foreign investors, Vietnam equities have racked up the best gains in Asia in the year to date, making the Ho Chi Minh Stock Exchange one of the world’s best performing bourses.
— Financial Times

Finance Ministry proposes new housing tax
The Ministry of Finance has proposed a tax on houses depending on their construction value as part of a draft law on property tax.
— Bizhub

Samsung helps Vietnam train experts in support industry
The Ministry of Industry and Trade and the Republic of Korea (RoK)’s Samsung Vietnam on April 17 jointly launched a programme to train 200 Vietnamese experts serving training and re-coaching demand of supply firms in support industry of Vietnam.
— VietnamPlus

Vietnam achieves high point in gender equality
The United Nations has acknowledged that Vietnam is among countries with impressive gender equality achievements.
— NNT

Vingroup raises $1.3 billion from Singapore’s GIC via stake sale in units, loan
Vingroup has raised $1.3 billion by selling a stake in two of its units to Singapore’s Government Investment Corp and through a loan, also from the sovereign wealth fund, the Vietnamese property developer said on Tuesday.
— Tuoi Tre

Exports make positive contributions to national economy
Economic growth in the first quarter of 2018 hit a record high of 7.38%, the highest level since 2008, which was partly attributed to the positive growth of exports.
— Nhan Dan Online

Amazon wades in to Vietnam’s e-commerce jungle
Vietnamese media was abuzz with news that US giant Amazon is set to join the country’s fast-growing retail market this month, with representatives stating that the company will open its platforms to domestic small- and medium-sized enterprises.
— Lexology

Hai Duong’s first lychees of season to enter market
Approximately 15,000-18,000 tonnes of this season’s first crop of lychees will be picked in the northern province of Hai Duong in early May this year to supply the market, according to the provincial Department of Agriculture and Rural Development (DARD).
— Nhan Dan Online

Greater transparency needed in Vietnam’s property market
A land fever has recently gripped a number of Vietnamese provinces where the special economic zones of Van Dong, Bac Van Phong, and Phu Quoc are being planned, driving prices sky high by three to four times overnight.
— Nhan Dan Online

Bahrain to import more VN goods
Members of the ASEAN Bahrain Council (ABC) have expressed interest in importing more textile and wood products from Việt Nam to Bahrain, Võ Tân Thành, director of HCM City-based Việt Nam Chamber of Commerce and Industry, said.
— Viet Nam News

MMC hands over electric vehicles to Da Nang
Mitsubishi Motors Corporation (MMC) held a ceremony at the Da Nang Exhibition and Fair Centre on April 16 for the handover of its new electric vehicles to Da Nang city.
— Nhan Dan Online

Businesses run by disabled people seek ways to grow
A conference on the development of production facilities run by people with disabilities took place in Hanoi on April 17, gathering suggestions from participating public agencies and disabled businessmen.
— VietnamPlus

Australia Awards marine fellowship brings Vietnamese ministry reps Down Under
In March, 15 representatives from the Ministry of Natural Resources and Environment in Vietnam travelled to Australia to take part in a two-week Australia Awards Fellowship focusing on human resource development in coastal and marine management in Vietnam.
— Griffith University

Tree planting model benefits local people in Tuyen Quang
Planting trees can both combat global warming and increase incomes of citizens.
— VietnamPlus (video)

 

Feature photo Edgardo W. Olivera

 

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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