Vietnam Morning News For March 16

Vietnam Morning News For March 16

Vietnam morning newsFDI in Vietnam’s agricultural sector remains low
Foreign firms invested US$3.5 million in 514 agricultural projects until February 2018, accounting for only some 1 percent of the sector’s total investment capital, reports from the Ministry of Planning and Investment (MPI) showed.
— The Hanoi Times

Mobifone’s acquisition of AVG to be probed
The Government Inspectorate (GI) has asked Prime Minister Nguyen Xuan Phuc to relay its inspection results of a VND8.9 trillion (US$395 million) acquisition of Audio Visual Global (AVG) by State-owned communications giant Mobifone to the Ministry of Public Security for investigation.
— Bizhub

Vietnam to Build $5bn, 139km High-Speed Railway From Saigon to Can Tho
A public-private partnership was recently formalized between Canadian brokerage firm MorFund Financial Inc. and Phuong Nam Science and Technology Institute (PNSTI) to invest CA$6.3 billion (US$5 billion) in the Saigon-Can Tho highspeed railway project, VnExpress reports.
— Saigoneer

E-commerce boom in VN’s future: experts
Vietnamese e-commerce has been exploding two decades after the internet first came to Viet Nam, said head of the Ministry of Industry and Trade’s Department of E-Commerce and Economy Dang Hoang Hai.
— Bizhub

Japanese company decries cumbersome sampling of seafood imports into Vietnam
A Japanese food importer in Vietnam has called for improvements to the current procedures for sampling imports, which places a burden on companies with a clean record.
— Tuoi Tre

Long-term measures sought for sustainable cashew production
The southern province of Binh Phuoc aims to replant 25,000 hectares and conduct intensive cultivation on another 41,000 hectares of cashew by 2020.
— VietnamPlus

Experts praise Vietnam’s efforts to improve business environment
Economic experts have spoken highly of the Government’s range of measures, set out in 2014’s Resolution 19, which are aimed at improving the business climate and enhancing the competitiveness of the Vietnamese economy.
— Nhan Dan Online

Vietnamese ministries, top officials face punishment in $392mn acquisition deal
Vietnam’s state inspectorate has suggested a police probe be launched into an investment scandal involving a leading mobile carrier, putting different ministries and high-ranking officials at risk of punishment for their involvement in the affair.
— Tuoi Tre

Second Japanese investment wave to stem from SMEs
Domestic firms must prepare for more opportunities in the future as a new wave of Japan’s investment into Vietnam is expected to stem from Japanese small- and medium-sized enterprises (SMEs).
— VietnamPlus

United States to make on-site audits on Vietnam’s pangasius control system
The United States Department of Food Safety and Inspection Service (FSIS) will come to Vietnam for on-site audits to verify that Vietnam’s system of pangasius controls is implemented as described in the self-reporting tools (SRT) submission.
— The Hanoi Times

Hong Kong to expand investments in VN
A delegation of 70 enterprises from Hong Kong will visit Vi?t Nam to seek cooperation with Vietnamese firms on March 21, 2018 in HCM City.
— Viet Nam News

PM wants building permits granted faster
As part of efforts to improve the investment and business environment, Prime Minister Nguy?n Xuân Phúc has ordered ministries, sector and localities to grant construction permits and perform related procedures faster.
— Viet Nam News

Vietnam targets raising $240m from IPO of pay-TV player VTVCab
Vietnam government has decided to pare its 47.8 per cent stake in one of the country’s largest pay-TV players, VTVcab, a unit of state-owned broadcasting agency Vietnam Television (VTV), in its initial public offering (IPO) slated for March 14.
— DealStreetAsia

Quang Nam wants to expand airport, seaport
Minister of Transport Nguyen Van The recently agreed with the Quang Nam province’s proposals to expand its Chu Lai Airport and Ky Ha Port, aiming to turn the central province into an aviation logistics center.
— The Hanoi Times

Australia and Vietnam sign strategic partnership pact
Australia and Vietnam signed a new strategic partnership Thursday, in an apparent move to counter China’s growing assertiveness in the Asia-Pacific region.
— Nikkei Asian Review

 

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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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