Vietnam Morning News For March 13

Vietnam Morning News For March 13

Vietnam morning newsBright prospects for Vietnam’s leather and footwear industry in 2018
Vietnam’s leather and footwear sector is to benefit from many favourable factors in 2018, opening up great opportunities for the attraction of orders and an expanded export market share.
— Nhan Dan Online

Warburg Pincus to invest $370 million in Techcombank in Vietnam’s biggest buyout deal
Warburg Pincus is investing more than $370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank) IPO-VTC.HM, in what it said was the largest ever private equity investment to date in the Southeast Asian nation.
— Reuters

Amazon to enter Vietnam in challenge to Alibaba
Amazon.com is to officially launch its e-commerce services in Vietnam, with the aim of taking on Chinese rival Alibaba Group Holding in one of the fastest-growing e-tailing markets in the world.
— Nikkei Asian Review

Fish catches, aquaculture harvests rise
The total fish catch in the country reached 496,900 tonnes in the first two months of the year, up 1.2 per cent year-on-year, according to the Ministry of Agriculture and Rural Development.
— Bizhub

Vinachem announces equitisation plan for 2018
The Vietnam National Chemical Group (Vinachem) has announced its equitisation and divestment plans for its member companies in 2018.
— VietnamPlus

Commentary: Vietnam’s new Internet law will make the economy lag
Vietnam’s Ministry of Public Security thinks it is killing two birds with one stone by passing new laws regulating data storage.
— Channel NewsAsia

Vietnam Prime Minister says first-quarter growth of 7.41 pct likely – website
Vietnam’s economy is likely to grow by 7.41 percent in the first quarter this year, led by robust exports and tourism, according to Prime Minister Nguyen Xuan Phuc, a statement posted on a government website said on Monday.
— Reuters

China’s development opportunity for Vietnam: Vietnamese ambassador
The development of China’s economy and Chinese market is to provide sufficient space for the economic and trade cooperation between China and Vietnam, said Dang Minh Khoi, Vietnamese Ambassador to China.
— Xinhua

Japonica rice to become one of main rice varieties for export
Japonica rice is likely to become one of the main rice varieties for export of Vietnam in the coming time, according to the Vietnam Food Association (VFA).
— VietnamPlus

Vietnam is Laos’ third largest trade partner in 2017
Vietnam remained the third largest trading partner of Laos in 2017, trailing Thailand and China, according to the Vientiane Times.
— Nhan Dan Online

Vietnam says ex-top police official organised gambling ring
The former chief of Vietnam’s police department for high-tech crimes has been arrested on suspicion of organizing a multimillion-dollar international gambling ring as the ruling Communist Party pushes an unprecedented crackdown on corruption.
— Bangkok Post

Ho Chi Minh City office rents set to soar
Deutsches Haus, a modern 27-story Grade A energy-efficient office building in Ho Chi Minh City’s (HCMC) central business district (CBD) that opened in September, is already at 60% occupancy despite asking the highest rents in town.
— Asia Times

Vietnam: 5 infographics on population, wealth, economy
Since its economic opening at the turn of the century, Vietnam has come a long way to become an emerging market with one of the fastest growth of the world. This series of infographics shows key demographic and economic data on Vietnam, as well as some perspectives with other ASEAN and world-leading countries.
— Asean Up

Hanoi to have second AEON Mall before 2020
By the end of 2019, the second AEONMall in Hanoi will include a plaza of more than 200 stalls and a parking lot with enough space for 2,100 cars and 9,000 motorbikes.
— The Hanoi Times

Vietnam needs more strong businesses, rich people: pundit
As the number of Vietnamese people with a fortune worth at least US$1 billion keeps increasing, it is time the country reconsidered the ‘anti-rich’ mindset, Tran Dinh Thien, head of the Vietnam Institute of Economics, has said.
— Tuoi Tre

Swindled customer declines $650,000 compensation from Eximbank
“I did not have any private deal with Hung, I deposited money at Eximbank because I trusted this bank. My money disappeared and the bank has not paid me yet.
— VietnamNet Bridge

 

Feature photo Oxfam in Vietnam

 

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 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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