Vietnam Morning News For January 31

Vietnam Morning News For January 31

Vietnam morning newsAgro-forestry-fishery exports exceed 3 billion USD in January
Export turnover of agro-forestry-aquatic products in January 2018 was estimated at 3.09 billion USD, up 25.9 percent against the same period last year.
— VietnamPlus

Vietnam’s taste for beef soars, but cattle industry can’t find its feet
Local supplies of beef and buffalo meat satisfy only 80 percent of domestic demand.
— VnExpress

Hanoi to develop 80 key industrial products by 2020
Hanoi is striving to develop over 80 key industrial products which will generate 33%-35% of the revenue from industrial production by 2020.
— Nhan Dan Online

Vietjet fined for football-bikini inflight stunt
Vietnam’s aviation authority on Tuesday fined budget airline Vietjet for a semi-naked and celebratory display by bikini-clad models aboard a special flight carrying home the country’s under-23 football team from a competition in China.
— Bangkok Post

Vietnam licensed 166 new FDI projects in 2018
Foreign investors registered to pour nearly US$890 million into 227 new and existing projects in Vietnam in January 1-20.
— Hanoi Times

Local banks set to expand across country in early 2018
Many banks have planned to set up more branches and transaction offices in the early days of the new year to seize new business opportunities.
— VietnamNet Bridge

SBV urges resolution of bad loans
The State Bank of Viet Nam (SBV) has issued a document asking credit institutions and branches of foreign banks to push the resolving of non-performing loans in 2018.
— Bizhub

Thousands of Japanese goods to enjoy zero percent tariff in 2018
Thousands of Japanese goods imported into Vietnam will enjoy a zero percent tariff, in line with the Southeast Asian country’s commitments to lower tariffs as outlined in the Vietnam – Japan Economic Partnership Agreement (VJEPA) and the ASEAN – Japan Comprehensive Economic Partnership Agreement (AJCEP) for 2016-19.
— VietnamPlus

SSC warns against investing in cryptocurrencies
The State Securities Commission (SSC) has warned about the risks arising from investing in financial technology (fintech).
— VietnamNet Bridge

Stronger pre-Tet production supports industrial growth in January
The Index of Industrial Production (IIP) in January surged 20.9 percent from the same period of 2017, boosted by the Lunar New Year festival (Tet) not coinciding with the month and businesses’ production enhancement to serve soaring pre-Tet demand.
— VietnamPlus

$583m transacted at trade promotion programmes in 2017
Trade promotion programmes helped generate more than US$583 million in contract value and transactions in 2017, according to the Vi?t Nam Trade Promotion Agency (Vietrade).
— Viet Nam News

Spiral Ventures invests in Vietnam’s online bus ticket booking system Vexere
Singapore-headquartered Spiral Ventures (formerly IMJ Investment Partners) has announced its investment in Vexere Joint Stock Company, a Vietnam-based startup that operates online bus ticket and car booking system.
— DealStreetAsia

VeriME & Avvanz team up
VeriME, under the NextTech Group, has recently cooperated with Avvanz in a major milestone for the blockchain-based digital identity verification platform.
— Vietnam Econoimc Times

What it’s worth
It’s imperative for Vietnamese business to understand and determine the value of their brand.
— Vietnam Econoimc Times

Vietnam’s FPT scores major software contract from German utility
FPT Software, a subsidiary of Vietnamese information technology group FPT, has signed a $100 million contract to provide technological solutions for Germany-based utility Innogy for the period 2018-2024.
— Nikkei Asian Review

Exports to China skyrocket on all fronts
Vietnam’s export turnover of paper and clinker to China last year grew 24 and 55-times against the previous year to hit US$114 million and US$47.6 million, respectively, data from the General Department of Customs (GDC) showed.
— Hanoi Times

Taiwanese suspected of shipping coal from North Korea to Vietnam
Prosecutors in Taiwan have accused four men of involvement in shipping coal from North Korea to Vietnam last year, in violation of United Nations sanctions.
— Financial Times

VN’s shadow economy sparks debate
Despite concerns from economic experts about the undetermined scale and scope of Viet Nam’s undocumented market transactions, authorities are adamant that the illicit economy is under control and will soon be regulated heavily.
— Bizhub

Viet Nam plans to export fruits to Qatar
Vi?t Nam can fully meet Qatar’s demand for tropical fruits, said Minister of Agriculture and Rural Development (MARD) Nguy?n Xuân Cu?ng.
— Viet Nam News

India, Russia to collaborate in hydrocarbon sector in Vietnam
India may join hands with Russia for expanding its presence in the hydrocarbon sector in Vietnam, a move that may not upset China given its close ties with Russia.
— Economic Times


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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