Vietnam Morning News For April 4

Vietnam Morning News For April 4

Vietnam morning newsVietnam to cut corporate tax to 15-17% in bid to boost business climate
Vietnam is planning to slash corporate income tax rates from the current 20-22% to 15-17% in an effort to make the country one of the most competitive economies in ASEAN, Prime Minister Nguyen Xuan Phuc has revealed.
— VietnamNet Bridge

Credit guarantee fund for small and medium-sized enterprises to set up
The government has issued regulations on the establishment of credit guarantee funds for small and medium-sized enterprises (SMEs) in a move to ease the business in being access to loans.
— The Hanoi Times

Vietnam’s wood industry faces difficulties in raw materials
Vietnam’s wood industry faces a quandary as bright export growth prospects are clouded by difficulties in finding necessary raw materials.
— VietnamPlus

Vietnamese coal in a tight spot
Coal is imported more and more, due to some coal thermal power plants are putting into operation and imported coal is cheaper.
— VietnamNet Bridge

US won’t easily break Russia’s hold on Vietnam
As Russia’s relations deteriorate with the West, Vietnam will find it increasingly difficult to balance its diversified strategic ties.
— Asia Times

Vietnam’s TPBank expects market cap to soar to $1b after listing
Tien Phong Commercial Joint Stock Bank expects its market capitalization to rise to least $1 billion in the fourth quarter after the scheduled listing this month, according to Chairman Do Minh Phu.
— DealStreetAsia

Vietnamese dragon fruit set for a 12-month season
Dragon fruit from southern Vietnam will be running full steam ahead for a full year-long season this year.
— Fresh Plaza

Launching the first digital cartoon service in Vietnam, Vinatoon
Mobikor, a webtoon platform service provider, announced that it would launch Vinatoon (www.vinatoon.com.vn), Vietnam’s first digital cartoon service, on March 15.
— AEC News Today/ PR Newswire (media release)

Revocation of $3.2 billion Vung Ro refinery places residents into limbo
The revocation of $3.2 billion Vung Ro refinery and petrochemical complex not only broke locals’ dreams of a stable life, but also made their lives uncertain.
— VietnamNet Bridge

Foreigners keen on investing in Vietnam
A total of 1,285 deals were made by foreign investors to contribute capital to and buy shares of Vietnamese businesses with total capital of 1.89 billion USD in the first quarter of this year, up 121.6 percent against the same period last year.
— VietnamPlus

Australia promotes trade interests in Vietnam
Assistant minister for trade, tourism and investment Mark Coulton is on an offical trip to Vietnam to promote Australian economic and trade interests.
— Manmonthly

CPI under control after tax hike: MoF
The environmental protection tax increase would make Consumer Price Index (CPI) in July rise by 0.27-0.29 per cent from the previous month, said Vũ Thị Mai, deputy minister of Finance at the monthly Government meeting held in Hà Nội on Monday.
— Viet Nam News

Vietnam hopes for stronger ties with Switzerland in green energy
Minister of Industry and Trade Tran Tuan Anh has proposed that the Swiss Government continue paying attention to cooperation with Vietnam in energy development, renewable and green energy as well as climate change response.
— Nhan Dan Online

Đà Nẵng, Vietinbank in e-payment deal
The central city and Việt Nam Bank for Industry and Trade (Vietinbank) inked an agreement on online payment service in the city’s e-Government system (egov.danang.gov.vn) on Tuesday, marking further progress towards promoting cashless transactions in the community.
— Viet Nam News

German company to invest in two solar power plants in Hau Giang province
Germany’s BS Heidelberg Solar GmbH is planning to invest in two solar power plant projects in the Mekong Delta province of Hau Giang, namely Hau Giang I and Hau Giang II.
— Nhan Dan Online

Coffee export volumes jump, value falls in Q1
Viet Nam exported 520,000 tonnes of coffee worth US$1 billion in the first quarter of the year, an increase of 15.1 per cent in volume but a decrease of 1.7 per cent in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.
— Bizhub

US launches investigations into Vietnamese laminated woven sacks
The US Department of Commerce (DOC) recently announced an anti-dumping duty and countervailing duty investigations into laminated woven sacks imported from Vietnam.
— VietnamNet Bridge

​Vietnam tourist numbers rise 30% in March with influx from China, S.Korea
Vietnam’s international arrivals rose substantially in March, principally thanks to an influx of Chinese and South Korean holidaymakers.
— Tuoi Tre

​Hanoi, Beijing join hands to preserve peace, stability in East Vietnam Sea
Vietnamese Party chief Nguyen Phu Trong and Chinese Foreign Minister Wang Yi vowed to make efforts to preserve peace and stability in the East Vietnam Sea during their talks in Hanoi on Monday.
— Tuoi Tre

Amata licenced for $1.6b project
Amata VN Public Company Limited, a subsidiary of Thailand-based Amata Corporation PCL, has received a licence to develop the first phase of the US$1.6 billion industrial and urban project in the northern province of Quảng Ninh, around 150 km from the capital Hà Nội.
— Viet Nam News

Tra Vinh draws 26 investment projects in Q1
The Mekong Delta province of Tra Vinh attracted 26 investment projects worth over 407 billion VND in the first three months of 2018, up 18 projects against the same period last year.
— VietnamPlus

VN-Index world’s top-performing market in Q1
The VN Index, Viet Nam’s benchmark stock index, grew 19.33 per cent in the first three months of this year, becoming the best-performing market in the world, followed by Egypt with 15.52 per cent growth and Brazil with 11.73 per cent.
— Bizhub

 

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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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