Vietnam Morning News For February 2

Vietnam Morning News For February 2

Vietnam morning newsVietnam raises $6.35b from state enterprise divestments in 2017
Vietnam’s government raised over VND144.5 trillion ($6.35 billion) by divesting its stake in state-owned enterprises (SoEs), including via initial public offerings (IPOs) in 2017, according to an official report released on January 31.
— DealStreetAsia

VN electronics industry growing
The number of workers in the electronics industry is on the rise, and e-businesses will be a critical source of employment in the future.
— VietnamNet Bridge

Ministry seeks to gain $40 billion from agro-forestry-fishery exports
Relevant agencies need to better promote trade and remove barriers so as to earn 40 billion USD from agro-forestry-fishery exports this year, said Deputy Minister of Agriculture and Rural Development Tran Thanh Nam.
— VietnamPlus

Tax Incentives for Foreign Investment in Vietnam
Foreign investors considering the Vietnamese market are often drawn by its competitive costs.
— Vietnam Briefing

Vietnam has a cryptocurrency dilemma
Vietnam has yet to issue a comprehensive framework to regulate cryptocurrencies like Bitcoin, a legal ambiguity that threatens to curb the use and trade of virtual money in an economy that aspires to more technology-driven growth.
— Asia Times

2018 to be equitisation peak
Deputy Prime Minister Vuong Dinh Hue said that 2018 will be the peak year for equitisation of State-owned enterprises (SOEs) and State capital divestment.
— Bizhub

Vietnam to review anti-dumping measures on certain imported steel products
The Ministry of Industry and Trade (MoIT) will conduct the first review of anti-dumping duties on a number of imported galvanized steel products.
— The Hanoi Times

Vietnam court jails three rights activists
A court in Vietnam has imposed heavy sentences on three right activists including a law student for conducting an anti-state campaign as the communist government tightens its grip on power.
— UCA News

Central business district in HCMC full of convenience stores
More than 10 convenience store brands in the central business district in HCMC are in a competition to secure retail premises in advantageous positions.
— VietnamNet Bridge

Vietnam Manufacturing PMI at 9-month high in January
The Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, rose to the highest level since April 2017, indicating solid conditions in the manufacturing sector.
— Nikkei Asian Review

Retail sales up 9.5% in January
Total revenue from retail trade and services reached VND361 trillion (US$15.84 billion) in January, surging 3 per cent over December and 9.5 per cent over the same month last year.
— Bizhub

Gazprom to construct gas-to-power project in Quang Tri
Russia’s Gazprom International hopes that in 2018, the central province of Quang Tri will continue to create favourable conditions for a gas-to-power project.
— Bizhub

RoK firms seek investment opportunities in Binh Phuoc
A delegation from the Republic of Korea (RoK) led by Cho Moon Soo, President of Hank Cuk Carbon Group, met with leaders of the southern province of Binh Phuoc to seek investment opportunities in the locality.
— VietnamPlus

Vietnam plans minor stake sale in country’s third largest beer firm
The government is negotiating the deal with Carlsberg, but wants to retain a majority stake to hold veto power.
— VnExpress

SeABank offers preferential loans to firms
The Southeast Asia Joint Stock Commercial Bank (SeABank) will provide preferential loans to enterprises worth VND1.5 trillion (US$65.9 million) until March 31.
— Bizhub

Mid-end condominium segment has explosive growth potential in Vietnam
Do Ngoc Olivier Dung affirms that mid-end condo segment has the most potential and will become the largest segment in the Vietnam property market.
— VnExpress

Tourism boom drives industry stocks
Viet Nam’s tourism industry boasts huge development potential and the Government has rolled out a raft of policies to develop the industry now and in future years.
— Viet Nam News

 

Feature photo ILO/Nguyễn ViệtThanh

 

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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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