Vietnam Morning News For January 25

Vietcombank to sell 7.6 million Vietnam Airlines’ shares
Joint Stock Commercial Bank for Foreign Trade of Vi?t Nam (Vietcombank) has registered to sell 7.6 million shares of Vietnam Airlines Corporation, which is listed as HVN on the stock market.
— Viet Nam News

Vietnam Allows Foreign Investors to Establish Logistics Firms
Following Decree No.163/ND-CP, foreign investors will now be allowed to set up logistics services companies from February 20, 2018, in Vietnam.
— Vietnam Briefing

Vietnam’s cosmetics imports double to US$6 billion
Vietnam’s cosmetics imports hit nearly US$6 billion in 2017, twice as much as in 2016, heard a conference on natural and organic cosmetics held by the Vietnam Cosmetic Distributor and Retailer Club in HCMC on January 19.
— VietnamNet Bridge

Bumpy road ahead for transport sector
The need to regulate the vehicle-service industry is crucial to achieve sufficient growth and meet consumer needs, especially during the 4.0 Industrial Revolution.
— VietnamPlus

Banks help low-income earners
Commercial banks and financial companies are competing fiercely for a slice of the profitable personal-loan market as demand often rises sharply at the end of the Lunar New Year.
— Bizhub

Siam Cement looks to go solo in Vietnam petrochemical complex
Thai industrial conglomerate Siam Cement Group may become the sole investor in a planned $5.4 billion petrochemical complex in southern Vietnam.
— Nikkei Asian Review

New CIT law aims to halt tax evasion
In the latest draft of Law on Corporate Income Tax (CIT), the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
— Bizhub

Vietnamese crazy about foreign brands
Fashion, fast food, beverage, cinema and retail brands have been opening more and more stores in Vietnam as the retail sector has seen fast growth in recent years.
— VietnamNet Bridge

Deposits withdrawn as scarcity of imported autos sends prices up
Car buyers have withdrawn their deposits due to prices being higher than expected and tougher rules making imports more difficult.
— VietnamNet Bridge

Vietnamese SMEs to Join ASEAN Goods Self-Certification
Vietnam’s Ministry of Industry and Trade (MoIT) has made changes to the pilot implementation of self-certification of goods origin as per the ASEAN Trade in Goods Agreement (ATIGA).
— Vietnam Briefing

Malee regional expansion continues with Vietnam acquisition
Food-and-beverages firm Malee Group is investing Bt330 million in its first foreign acquisition, Long Quan Safe Food Joint Stock Company (LQSF), a major beverage producer in Vietnam.
— The Nation

Ho Chi Minh exchange says trading to resume Thursday
Vietnam’s leading stock exchange said Wednesday that trading would return to normal on Thursday after being suspended for two full sessions following a system malfunction.
— Nikkei Asian Review

Ayala energy unit plans 300-MW solar projects in Vietnam
Ayala Corp said Wednesday its energy unit will build solar power projects in Vietnam under a partnership agreement with Hanoi-based BIM Group.
— ABS-CBN News

CMC grew 30% after Q3
CMC Corporation, a leading Vietnamese ICT group, reached a total revenue of more than VNĐ4.17 trillion (US$183 million) in the first nine months of the fiscal year 2017.
— Viet Nam News

Vietnam, France hold high-level economic dialogue
A Vietnam – France high-level economic dialogue took place in Hanoi on January 24 under the chair of Deputy Minister of Planning and Investment Nguyen The Phuong and French Minister of State Jean-Baptiste Lemoyne.
— VietnamPlus

Gov’t to consider amended Decree 38 next month
Minister and chairman of the Government Office Mai Tien Dung said that amendments to the Decree No 38 guiding the implementation of the Law on Food Safety will be submitted to the Government early next month.
— Bizhub

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