Vietnam morning news for July 17

Vietnam morning news for July 17

Vietnam morning newsNew Bankruptcy Regulations in Vietnam
The Supreme People’s Court of Vietnam, along with the Ministry of Justice and the Supreme People’s Procuracy, released the Joint Circular No. 07/2018/TTLT-BTP-VKSNDTC-TANDTC (“JC 07”) on June 12, 2018, to ensure coordination in the enforcement of bankruptcy decisions by the court.
— Vietnam Briefing

Vietnam ministry suspends online publication of leading newspaper over ‘wrongful information’
One of the most read online publications in Vietnam has been imposed a fine of nearly US$10,000 and suspended for three months.
— The Hanoi Times

VN is Southeast Asia’s new industrial powerhouse
In the last 20 years Viet Nam has switched from being an agricultural economy to one of the brightest manufacturing hotspots in South East Asia, according to the latest report from Jones Lang LaSalle.
— Bizhub

Philippines, Indonesia, Vietnam With Highest Consumer Confidence In Southeast Asia
The Philippines, Indonesia and Vietnam, just behind India, rank within the top four in the latest international consumer confidence survey compiled by US-based research organisation The Conference Board and business intelligence firm Nielsen.
— Investvine

Over half of Vietnam’s construction firms see positive outlook in third quarter
An estimated 57.3% of Vietnamese construction companies expect a stable or improved business outlook in the third quarter of 2018, according to a survey by the General Statistics Office.
— Nhan Dan Online

Vietnam part of attractive Southeast Asian start-up scene
The trend of investing in Southeast Asia start-ups gained momentum in 2016-17, including in Vietnam, though the country has yet to get its “unicorn,” or a privately held start-up with a valuation of $1 billion or more.
— VnExpress

Dong Hoi Airport’s capacity to reach 3 million passengers by 2030
The Ministry of Transport has approved a detailed plan for the expansion of Dong Hoi Airport in the central province of Quang Binh, under which its annual capacity will be raised to 3 million by 2030.
— Nhan Dan Online

Ninh Thuan to grow more new, high-quality grape
The south central province of Ninh Thuan, the country’s largest grape producer, plans to expand cultivation of NH 01-152, its new grape variety, because of its excellent quality and other outstanding characters.
— VietnamPlus

Vietnam PM asks ministries to report on progress of removing business conditions
Business condition removal is one of the key measures for economic growth and efficiency, requiring strong efforts from government leaders and ministers, stated Prime Minister Nguyen Xuan Phuc.
— The Hanoi Times

Imported animal feed grows during H1
Vietnam spent more than 1.96 billion USD on importing animal feed during the first six months of 2018, up 10.7 percent year-on-year.
— VietnamPlus

Chances for Vietnam’s leather industry abundant in 2018
According to the Vietnam Leather, Footwear and Handbag Association (Lefaso), the country’s leather industry is enjoying good chances to benefit from the shift of orders from China as a result of the tendency of moving to the production of high-tech goods.
— Nhan Dan Online

New Regulations for Foreign Investments and Cooperation in Vietnam’s Education Sector
Vietnamese government released Decree No. 86/2018/ND-CP (“Decree 86”) to regulate foreign investments and cooperation in the education sector in Vietnam. It will be in effect from August 1, 2018.
— Vietnam Briefing

Removing barriers to facilitate women start-ups
Start-ups have become an important strategy in economic development and job creation in Vietnam, which is also one of solutions to help women generate jobs and develop their economy in a sustainable manner.
— Nhan Dan Online

HCM City to reform food markets
HCM City plans to focus on the four key areas of exports, logistics, exhibitions and fairs, and wholesale and retail activities, according to Nguyen Huynh Trang, deputy director of the Department of Industry and Trade.
— Bizhub

VN must work hard to meet export targets
Việt Nam’s exports of agricultural products are expected to face more challenges by the end of the year, so enterprises must follow market developments at home and abroad and improve the quality of their products, according to experts.
— Viet Nam News

Insurers in Vietnam see assets grow by 27% in H1
In the remaining months of the year, the Insurance Supervisory Authority (ISA) under the Ministry of Finance (MoF) will step up efforts in restructuring the insurance market towards transparency, safety and efficiency.
— The Hanoi Times

Bac Lieu shows appropriate use of ODA in 2011-2016
The Mekong Delta province of Bac Lieu showed its appropriate use of official development assistance (ODA) capital during the 2011-2016 period as it disbursed 607 billion VND (26.6 million USD) of the allocated 775 billion VND (33.9 million USD), or nearly 90 percent.
— VietnamPlus

Sales of motorcycles in Vietnam flat at 1.6 million in 6 months: VAMM
Vietnam`s motorcycle market may reach its saturation point, a view point shared by both Vietnam Association of Motorcycle Manufacturers (VAMM) and Ministry of Industry and Trade (MoIT).
— The Hanoi Times

Steel production up 7 percent in 6 months
Vietnam’s steel production reached about 4.69 million tonnes in the first half of 2018, up 7 percent against last year, according to the Ministry of Industry and Trade.
— VietnamPlus

​Vietnam’s Airbnb hosts suffer from growing competition
Many Airbnb hosts in Vietnam who rushed to rent properties only to list them on the peer-to-peer lodging marketplace have had to swallow a bitter pill as they prove less competitive than those who do so with their own houses.
— Tuoi Tre

Vietnam Offers Diverse Landscapes, Cultures
When my plane landed in Hanoi, the capital of Vietnam, after 33 hours of traveling this past January, I stepped out of the airplane and into a whole new world.
— The Transylvania Times

Vietnam busts drug production ring led by French citizen
Vietnamese police have recently detained a French man of Vietnamese origin and his accomplice, and seized 1 kg of methamphetamine and 85,000 pills of the synthetic drug they produced in Ho Chi Minh City, the municipal police said Monday.
— Xinhua

Techcombank shows Vietnam’s valuation gap
It had the right strategy, the right management and the right customers, so why couldn’t Techcombank and its advisers get the right price on its recent IPO?
— Euro Money

3 fishermen missing after ship collision off northern Vietnam
Rescuers were searching for three Vietnamese fishermen who went missing after a fishing ship collided with a cargo ship in Vietnam’s northern Quang Ninh province, provincial authorities said on Monday.
— Xinhua

 

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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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