Vietnam Morning News For February 21

Vietnam Morning News For February 21

Vietnam morning newsWhy are foreign banks fleeing Vietnam?
Vietnam has seen a growing number of foreign banks withdraw from its under-banked economy, the latest indication that all is not as well as Communist Party officials often claim.
— Asia Times

VN aims to expand meat exports
Viet Nam is trying to tackle the weakness of the pig industry, including the processing and distribution of pork, to promote the export of high-quality meat products to the world market.
— VietnamNet Bridge

Aviation sector opens new opportunities for investment
The Ministry of Transport (MoT) has completed a draft plan to expand the aviation sector for the 2018-20 period with a vision to 2030 and is currently collecting feedback from related agencies before submitting the draft to the Prime Minister.
— VietnamNet Bridge

Foreign firms dominate Vietnam’s fast-growing animal feed industry
The animal feed industry of Vietnam, despite being among the world’s fastest-growing by scale and output, is dominated by foreign firms while local producers are struggling to compete.
— VietnamPlus

Vietnam to offload 29.51% stake in plastics producer Binh Minh
Vietnam’s sovereign wealth fund State Capital Investment Corporation (SCIC) plans to offer its 29.51 per cent stake in one of the country’s leading plastic firms, Binh Minh Plastic JSC (BMP), on March 9, kicking off the much-delayed divestment exercise.
— DealStreetAsia

Vietnam’s pepper industry about to burst
Vietnam’s pepper farmers are on pins and needles as pepper prices continue to decline.
— VietnamPlus

Vietnamese products enter Australia
Although Vietnamese fruits have been exported to dozens of global markets, including the EU and the US, it does not mean they can easily penetrate into the Australian market; this country requires a risk assessment process that could last several years.
— Fresh Plaza

PE firm Creador to invest up to 20% from upcoming $500m fund in Vietnam
South and Southeast Asia-focused private equity (PE) firm Creador is targeting to invest up to 20 per cent of its upcoming fund in Vietnam over the next three years and expects to open its first office in the country by June this year.
— DealStreetAsia

Increasing affluence drives VN cruise market
Cruise travel is growing rapidly in Viet Nam due to the country’s increasing affluence, experts said.
— Bizhub

Vietnam’s Internet is in trouble
Vietnamese authorities have harped of late on the urgency of fighting cybersecurity threats and “bad and dangerous content.”
— Washington Post

The ambassador who markets Vietnamese lychees in Australia
It took more than ten years and countless negotiations for fresh Vietnamese lychees to be finally granted an export license to Australia in 2015, and former Ambassador Luong Thanh Nghi played a major part.
— Nhan Dan Online

VNR aims to raise modest 6.2 million USD from share sale
The Vietnam Railway Corporation (VNR) hopes to raise at least 139 billion VND (6.2 million USD) in 2018 from selling its ownership in 15 subsidiary and affiliate companies, reported online newspaper baodautu.vn.
— VietnamPlus

Cai Lan port loads first shipments in Lunar New Year
Cai Lan port in northern Quang Ninh province loaded its batches of cargo onto two ships on February 19 (the fourth day of the Year of the Dog), the first shipments in the Lunar New Year.
— Nhan Dan Online

Lotus farm-tourism model faces market hurdles in Mekong
Nguyen Van Hon has been a farmer all of his life. Now, in his mid 50s, he is working as a tour guide.
— VietnamPlus

 

Feature photo Graeme Newcomb

 

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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