Vietnam Morning News For January 11

Vietnam Morning News For January 11

Vietnam morning newsVietnam 2017: Jardine-Vinamilk, Thaibev-Sabeco among blockbuster M&A deals
Vietnam has become a hotbed for investments through both direct projects and equity financing with M&A value in the country hitting a record high of $10.16 billion in 2017, with more than 20 mega deals at over $100 million.
— DealStreetAsia

Wood industry urged to embrace automation
Vietnamese enterprises, regardless of size, should use enterprise resource planning (ERP) solutions to optimise their resources and improve their efficiency, a seminar organised by the Handicraft and Wood Industry Association of HCM City heard yesterday.
— Viet Nam News

Foreign logistics firms now allowed in VN
Foreign investors will be allowed to establish companies providing logistics services following Decree 163, which will take effect on February 20.
— VietnamNet Bridge

Tan Chong to distribute King Long coach in Vietnam
Tan Chong Motor Holdings Bhd’s unit TC Motor Vietnam Co Ltd has entered an agreement with Xiamen King Long United Automotive Industry Co Ltd to be the assembler, sole and exclusive distributor and service provider of the King Long XMQ6829Y coach model.
— The Star Online

Household appliance industry worth $13b
The household appliance industry in Viet Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers.
— Viet Nam News

Vietnam’s central bank urged to strengthen regulatory efficiency
Prime Minister Nguyen Xuan Phuc has requested the State Bank of Vietnam (SBV) to further improve its management, inspection and supervision efficiency to detect and minimise violations in a timely fashion.
— Nhan Dan Online

Securities firms seek margin lending funds
Many securities companies have opted to issue corporate bonds to raise capital to finance their margin lending service, following upbeat forecasts for the market in 2018.
— VietnamNet Bridge

Across China: China-Vietnam border business brings delicious cooperation
Tran Thi Vui, from Vietnam, runs a Pho Cuon (rice starch roll) restaurant in Hekou in southwest China’s Yunnan Province. Just across a river — and the border — sits her hometown, Lao Cai.
— Xinhua

Kon Tum approves project to grow over 4,600ha of Ngoc Linh ginseng
Local authorities of the Central Highlands province of Kon Tum have approved a project to grow Ngoc Linh ginseng in Tu Mo Rong district, in a bid to preserve and develop the medicinal plant.
— VietnamNet Bridge

Vietnam: Leflair raises $3m Series A led by Capital Management Group
Vietnam-based Leflair, an online premium consumer goods retailer, has closed a $3 million Series A funding round led by Capital Management Group. The latest transaction brings its aggregate equity financing to close to $5 million.
— DealStreetAsia

Sea transport posts positive growth
The maritime transport sector achieved positive growth last year, but the international logistics industry faced many challenges, according to the Viet Nam Maritime Administration (Vinamarine).
— Bizhub

Hanoi needs EIB’s support to develop urban railway
Hanoi hopes to continue having the European Investment Bank (EIB)’s company in developing its urban railway system, Vice Chairman of the municipal People’s Committee Nguyen The Hung told Vice President of the bank Jonathan Taylor at their working session in Hanoi on January 10.
— VietnamPlus

Vietjet shows the ambition behind its gimmicks
Vietjet Air has achieved brand recognition with one of the crudest marketing ploys in business: using scantily clad women to attract attention.
— Nikkei Asian Review

Vietnam retail sales hit record $130bn in 2017
Vietnam’s retail sales grew 10.9% in 2017 over the previous year to a highest-ever $129.6 billion, spurred by a rising middle class and an influx of overseas retailers.
— Nikkei Asian Review

Vietnam to officially connect to ASEAN Single Window in 2018
Deputy Prime Minister Vuong Dinh Hue chaired a meeting Hanoi on January 9, asking ministries and sectors to work harder to officially connect Vietnam with the ASEAN Single Window mechanism in 2018.
— VietnamPlus

 

Feature photo Simone D. McCourtie / World Bank

 

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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