Vietnam Morning News For January 3

Vietnam Morning News For January 3

Vietnam morning newsVietnam imposes heavier penalties on filthy food producers, traders
Those who produce or trade dirty food in Vietnam can be sentenced up to 20 years in prison, local media reported on Tuesday.
— Xinhua

Vietnam: Eximbank pares stake in Sacombank to nearly 8%
Vietnam Export Import Commercial Joint Stock Bank (Eximbank) sold its 1.31 million shares in Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) by the end of December 2017, as part of its plans to divest from the bank.
— DealStreetAsia

Vietnamese businessman, sought over graft probe, held in Singapore
A real estate developer wanted by Vietnamese authorities amid a crackdown on corruption has been detained in Singapore, lawyers representing him said on Tuesday.
— The Star Online

Vietnam makes bigger seafood export earnings in 2017
Vietnam gained seafood export turnovers of nearly 8.4 billion U.S. dollars in 2017, up 18.5 percent against 2016, the country’s Ministry of Agriculture and Rural Development said on Tuesday.
— Xinhua

Vietnam exports first batch of star apples to US
The first batch of Vietnamese star apples has been exported to the US by the Cat Tuong Agricultural Products Producing & Processing Co Ltd from the Mekong Delta province of Tien Giang, as announced by the Ministry of Agriculture and Rural Development (MARD).
— Fresh Plaza

Is there a third investment wave in Vietnam banks?
The first wave of foreign investment in the banking sector occurred in 2005-2008, when bank shares were traded at sky high prices at hundreds of thousands of dong per share.
— VietnamNet Bridge

Budget apartments to sell well in Vietnam
Demand for low-cost apartments with a price tag of below 1.5 billion Vietnamese dong (around 66,000 U.S. dollars) will continue to increase this year, local experts said.
— Xinhua

Trio of manufacturers assist in ‘made-in-Vietnam auto dream’
Vietnam once put high hopes on automobile joint ventures, believing that foreign technologies would help develop the automobile industry. However, it now believes that it would be better not to rely on outsiders.
— VietNamNet Bridge

Vietnam’s manufacturing PMI rises to 52.5 in December
The Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, rose to a three month high of 52.5 in December from November’s 51.4.
— Nikkei Asian Review

Vietnam loses $542 million to cyber viruses in 2017
Cyber attacks including the rise of ransomware cost Vietnamese users VND12.3 trillion or more than $542.8 million last year, according to a report from top online security firm BKAV.
— VnExpress

SMEs pick up short end of supermarket stick
Small and medium sized firms are being crushed and elbowed out in the increasingly fierce competition to become a supermarket supplier.
— Bizhub

Industrial production index up 9.4 percent in 2017
Vietnam’s industrial production index grew 9.4 percent in 2017, well above the growth of 7.4 percent in the previous year, driven by strong expansion in manufacturing-processing (14.5 percent).
— VietnamPlus

Uber faces Vietnam tax ultimatum
AUTHORITIES in Vietnam’s biggest city are cracking down on Uber’s alleged shady tax payments in the country and say they are determined to see results before the end of the year.
— The Nation

Finding direction for tra fish exports
According to Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of November 2017, the total revenue of Vietnam’s tra (pangasius) fish exports reached US$1.62 billion, a year-on-year increase of 5.3%.
— Nhan Dan Online

Ho Chi Minh City requests police intervention in bitcoin payment
The Ho Chi Minh City People’s Committee has required municipal police step in and tighten their grip over payment in bitcoin to ensure order in the local currency market.
— Tuoi Tre

 

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

junior writer/ trainee journalist at AEC News Today
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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