Vietnam Morning News For January 30

Vietnam Morning News For January 30

Vietnam morning newsVietnam’s shipping major Vinalines to sell 35% stake in IPO in mid-2018
Vietnam National Shipping Lines (Vinalines) will sell a 35 per cent stake to investors at its initial public offering (IPO) to be held in the second quarter of 2018, according to its acting CEO Nguyen Canh Tinh.
— DealStreetAsia

ATIGA regulations worry local sugar manufacturers
The implementation of tariff reduction to zero percent under the ASEAN Trade in Goods Agreement (ATIGA) from January 1, is an obsession with the Vietnamese sugar industry.
— VietnamPlus

Vietnam post-harvest losses hinder export
As Vietnam currently has little in the way of post-harvest technology or machinery, post-harvest losses are substantial.
— Fresh Plaza

Nearly 11,000 new firms established in January
Some 11,000 enterprises were established with a registered capital of VNÐ98.27 trillion (US$4.31 billion) in the first month of this year.
— Viet Nam News

Jewellers seek better loans for 2018
The Saigon Jewellery Association (SJA) will continue to call on the State Bank of Viet Nam to make it easier for jewellery businesses, who seek to invest in upgrading their production and trading technology, in accessing bank loans, its chairman said.
— Bizhub

Confectionery firms compete for $1.76-billion market
Business Monitor International (BMI) forecasts $1.76 billion in revenue for the Vietnamese confectionery industry in 2018. To take control of this market, firms have set out grand strategies for the Lunar New Year.
— VietnamNet Bridge

Vietnamese PE Mekong Capital fully exits MobileWorld at IRR of 61%
Vietnam-focused private equity firm Mekong Capital has announced that its Mekong Enterprise Fund II (MEF II) made a full exit from its investment in Mobile World Investment Joint Stock Company (MWG) at a returns multiple of 57x and IRR of 61.1 per cent, according to a press release.
— DealStreetAsia

HCM City prepares for massive tourism
Based on its 2017 success, HCM City aims to attract between seven and eight million international visitors and a whopping 29 million domestic visitors in 2018.
— Bizhub

Blockchain technology may open new era
Blockchain, a new technology to help explore the various forms of crypto-currencies, could open up new attractive environment for all businesses and investors, said Nguyen Duc Cuong, head of consultancy division at Vietstock – a local financial-business media.
— VietnamPlus

Some 3,000 firms in VN use e-invoice
The number of firms using e-invoice has increased significantly in recent years due to its convenience and cost effectiveness.
— Viet Nam News

Thaco opens smart truck, bus showroom
The Truong Hai Automobile Joint Stock Company (Thaco) has officially inaugurated its first smart truck and bus showroom and service centre in the central city of Da Nang, offering convenient facilities for customers in the central region.
— VietnamPlus

Vietnam anticipates wave of FDI from India
Vietnam is expecting a wave of Indian investment after the meeting between Prime Minister Nguyen Xuan Phuc and representatives of Indian firms in the framework of the ASEAN-India Senior Officials’ Meeting (SOM).
— VietnamNet Bridge

Moody’s Cautions Vietnam Against Further Monetary Easing
Vietnam should be cautious against more monetary accommodation as it could pose risks to the economy and the banking sector, Moody’s Investors Service said.
— Bloomberg

First Russian freight train arrives in Vietnam
The first freight train to carry containers from Russia to Vietnam has recently arrived at Yen Vien station to the northeast of Hanoi.
— Nhan Dan Online

Emerging market status a no-go in 2018
It remains impossible for Vietnam’s securities market to get promoted from a frontier market to an emerging market this year, officials say.
— VietnamPlus

 

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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