Vietnam Morning News For March 21

PM approves strategy for developing mechanical engineering industry
Vietnam’s mechanical engineering industry strives to apply cutting-edge technology, produce high-quality products up to international standards, and further participate in the global value chain by2035.
— Nhan Dan Online

Petrolimex Aviation recognised as Vietnamese top brand
The Petrolimex Aviation Fuel JSC has been named among top Vietnamese brands as part of an award held by the Ministry of Industry and Trade in response to the “Vietnamese people prioritise Vietnamese goods” campaign.
— VietnamPlus

Vietnamese rubber firms’ contribution to Cambodia appreciated
The governor of the Cambodian province of Kampong Thom appreciated Vietnamese rubber companies’ contributions to local socio-economic development while visiting them on March 19.
— VietnamPlus

Government to enhance supervision on banking system
Relevant authorities will be allowed to consider and apply early intervention to weak credit institutions from July this year, according a new regulation of the State Bank of Vietnam.
— The Hanoi Times

Logistics decree underwhelms
While signalling a breakthrough improvement in the local logistics service market, Vietnam’s new regulations have raised concerns over e-commerce among EU investors.
— VietnamNet Bridge

Fish exporters left lost at sea
Unfair and unreasonable – that’s how seafood exporters have branded a price hike in anti-dumping duty imposed by the United States on frozen fish fillets.
— Bizhub

Specific criteria defining SMEs
The Government has issued Decree No.39 on March 11 to specify criteria of small and medium-sized enterprises (SMEs).
— The Hanoi Times

Gov’t to smooth way for auto firms
Deputy Prime Minister Trinh Dinh Dung has urged the Ministry of Transport and the Ministry of Industry and Trade to implement current policies and assist the removal of obstacles for auto businesses.
— VietnamPlus

Vietnam emerging as attractive destination for foreign property investors
Property prices in Vietnam are among the best value in Southeast Asia.
— VnExpress

GSMA Accelerator Fund to invest over $4m in mobile startups in APAC, Africa
GSMA Ecosystem Accelerator Innovation Fund has announced that it plans to invest approximately GBP3 million ($4.2 million) into 15 mobile platform-focused startups across Africa and Asia Pacific, including Vietnam.
— DealStreetAsia

Vietnam’s Eurowindow expands into Myanmar, more investments expected
Investors from Vietnam are taking an interest in the Myanmar market.
— Myanmar Times

Vienam mulls over increased electricity importation from Laos
Vietnam’s Ministry of Industry and Trade has proposed raising the country’s electricity imports from Laos through a planned 500-kilovolt power line project linking the two countries.
— Tuoi Tre

Hanoi approves the development plan of industrial cluster
Chairman of Hanoi People`s Committee Nguyen Duc Chung has recently signed Decision No. 1292 / QD-UBND approving the development master plan of the City`s industrial cluster to 2020 with a vision to 2030.
— The Hanoi Times

Technical error interrupts services of Vietnam’s Vinaphone
An issued has occurred to the network of Vinaphone, one of Vietnam’s major mobile network operators, which affected the connectivity of many users.
— Tuoi Tre

ProPak Vietnam, Plastics & Rubber exhibition open
The International Processing and Packaging Exhibition and Conference (ProPak Vietnam) and the International Plastics and Rubber Technologies and Material Exhibition (Plastics & Rubber Vietnam) opened in Ho Chi Minh City on March 20.
— VietnamPlus

Vietnam to become RoK’s second largest importer: KITA
The two-way trade between Vietnam and the Republic of Korea (RoK) is expected to exceed US$100 billion in 2020, making Vietnam the second largest destination for the RoK’s export commodities, following only China.
— Nhan Dan Online

Planning for Van Don airport announced
The Ministry of Transport on Saturday announced a detailed plan for Van Don International Airport in the north-eastern province of Quang Ninh for the 2020-30 period.
— Bizhub

HCM City to increase parking fees
HCM City will increase automobile parking fees on some sidewalks and roadsides in the city centre to VNÐ20,000-40,000 (US$0.9-1.8) per hour from June 1.
— Viet Nam News

Feature photo Graeme Newcomb

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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.