Vietnam Morning News For February 1

Vietnam Morning News For February 1

Vietnam morning newsShipping will make Viet Nam a ’tiger’
As Viet Nam’s maritime industry grows, it will have a profound impact on the economy, tourism and trading and ultimately boost economic growth.
— Bizhub

Fight against petrol smuggling gains speed in 2018
The National Steering Committee for combating smuggling, trade fraud, and counterfeits has said it will step up inspections and fight against petrol and oil smuggling and trade fraud in 2018.
— VietnamPlus

Urgent measures implemented towards removal of EU yellow card
In addition to the outstanding obtained results in 2017, the Vietnamese fisheries sector faced many difficulties in exports, particularly the European Commission (EC)’s issuance of a “yellow card” which warned Vietnam for illegal, unreported and unregulated (IUU) fishing.
— Nhan Dan Online

First Solar Vietnam welcomes Series 6 manufacturing equipment
First Solar Vietnam held a welcoming ceremony on January 30 as it took delivery of the initial equipment for manufacturing its latest, high-technology Series 6 photovoltaic (PV) modules in Ho Chi Minh City’s Dong Nam Industrial Park.
— Vietnam Economic Times

Vietjet records 2017 net revenue of $1.8bn
Vietjet Air has announced that total net revenue in 2017 stood at nearly VND42.258 trillion ($1.8 billion), an increase of 53.7 per cent year-on-year and exceeding the annual target by 0.6 per cent.
— Vietnam Economic Times

Vietnam raises $308m by selling 20% of PV Power in IPO
The Vietnamese government has raised $308 million (VND6.996 trillion) by selling 20 per cent of PetroVietnam Power (PV Power) in an initial public offering (IPO) on the Hanoi Stock Exchange on January 31.
— DealStreetAsia

Ministries to study US tax reform
Prime Minister Nguy?n Xuân Phúc asked ministries and relevant sectors to study the effects on Vi?t Nam of the tax reforms US President Donald Trump signed into law last month.
— Viet Nam News

PM urges high-tech shrimp farms in Bac Lieu
The southern province of Bac Lieu should focus on super intensive, high-tech shrimp farming to become the nation’s shrimp hub, Prime Minister Nguyen Xuan Phuc told an investment conference in Bac Lieu City yesterday.
— Bizhub

Quang Nam: Top investment official suspended
The People’s Committee of central Quang Nam province has temporarily suspended Le Phuoc Hoai Bao from his post as Director of the provincial Department of Planning and Investment, according to Chief of the committee’s Office Nguyen Hong Quang.
— VietnamNet Bridge

Vietnam Dealbook: VRG to miss IPO target; Japan’s Mikazuki to invest $100m
The initial public offering of Vietnam Rubber Group (VRG), scheduled on February 2, is likely to miss its target due to lack of investor interest.
— DealStreetAsia

Japanese capital keeps flowing into real estate
Japanese investors continue pouring money into Vietnam real estate firms despite the prediction that hot growth will slow in the time to come.
— VietnamNet Bridge

ATM withdrawal fee to be lower from March
The National Payment Corporation of Viet Nam (NAPAS) on Tuesday announced a fee reduction for its local switching system service, interconnected by more than 170,000 ATMs nationwide.
— Bizhub

An Overview of Transfer Pricing in Vietnam
Many foreign businesses delocalize their production facilities in Vietnam and charge their foreign outposts for administrative, technical, financial, and commercial services. However, financial administration teams need to be aware that their transactions must comply with the arm’s length and substance-over-form principles.
— Vietnam Briefing

50 years ago, Vietnamese forces launched the Tet Offensive and changed how America saw the Vietnam War
Just before the end of January 1968, South Vietnam’s communist guerilla force, the Viet Cong (VC), launched an unprecedented offensive in coordination with the North — Vietnamese Army (NVA) that would change the course of the Vietnam War.
— Business Insider

Changes in Patent Procedures in Vietnam
To further align itself with international IP norms, Vietnam has amended its Intellectual Property Laws in the form of Circular No. 16/2016/TT-BKHCN.
— Vietnam Briefing

Vietnam Wants Enhanced Trade And Economic Relations With Pakistan
Pham Hoang Kim, Ambassador Extraordinary and Plenipotentiary of Vietnam visited Islamabad Chamber of Commerce & Industry and addressing the business community said that his country wanted to develop strong trade and economic relations with Pakistan as both countries have good potential to complement each other in many areas.
— UrduPoint

Hong Kong – gateway for Vietnamese products reach out to world
Hong Kong (China) is one of the important gateways for Vietnamese products to enter other large markets in the region and the world, an official has said.
— VietnamPlus

Japan, Korea, Thailand oust China as Vietnamese consumers’ favorite foreign brands
Vietnamese consumers have shown a decreasing interest in and have purchased fewer locally made products over the last year, while Japanese, South Korean and Thai manufacturers have begun to replace Chinese counterparts as the preferred foreign brands for Vietnam.
— Tuoi Tre

Top Vietnamese taxi firm to take Grab to court over ‘unhealthy competition’
Vinasun claims it has proof that Grab has dumped its service on the local market to drive out local competitors.
— VnExpress

 

Feature photo ILO/Nguyễn ViệtThanh

 

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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