Vietnam Morning News For May 25

Vietnam Morning News For May 25
Estimated Reading Time: 5 minutes |

Vietnam morning newsVietnam raises US$6.3 billion from state capital divestment
Vietnam’s government raked in nearly VND144.58 trillion (US$6.34 billion) through equitisation and divestment at State-owned enterprises (SOEs) last year.
— The Hanoi Times

Vietnam to temporarily stop accepting scrap plastic imports
A letter from Vietnam’s Tan Cang-Cai Mep International Terminal (TCIT) obtained by the Institute of Scrap Recycling Industries (ISRI) notes there has been “overcapacity” at the Tan Cang-Cat Lai Terminal, causing the terminal to temporarily stop accepting scrap materials.
— Waste Dive

Investors step into ultra-clear glass production in Vietnam
Foreign and local firms have expressed ambitions to develop ultra-clear glass projects to meet the increasing demand for high-end glass for construction and solar panels.
— VietnamNet Bridge

China no longer ‘goes easy’ on Vietnamese agricultural produce
Heavy reliance on China for agricultural exports has hurt Vietnamese farmers and businesses.
— Fresh Plaza

U.S. raises concerns about Vietnam’s proposed cybersecurity law
The United States has raised concerns with Vietnam about its proposed cybersecurity law, the U.S. Embassy said on Thursday, amid activists’ fears the new legislation will cause economic harm and crackdown on online dissent in the communist-ruled country.
— Business Insider

Heavy competition behind the allure: Vietnam’s beer market
The Vietnamese beer market is considered a promised land for both foreign and local brewers due to the massive consumption. However, in reality, it is a playground with strict competition.
— VietnamNet Bridge

Vietnam’s GDP may grow 7 pct in 2018: local center
Vietnam’s economy could grow by 7.02 percent in 2018 under a high growth rate scenario, according to the country’s National Center for Socio-Economic Information and Forecast (NCIF).
— Xinhua

Hanoi to host 16th meeting of Council for Promoting Tourism in Asia
Hanoi will host the 16th annual meeting of the Council for Promoting Tourism in Asia (CPTA) between September 5 and 10.
— NNT

Vietnam, Australia agree to boost multifaceted cooperation
Vietnamese President Tran Dai Quang and Australian Governor-General Peter Cosgrove agreed to reinforce political and strategic trust and all-round cooperation between the two countries on Thursday.
— Xinhua

Automobile makers expect long-term policies
The government should maintain long-term and stable policies for the automobile industry to help enterprises assure about their investment in the country.
— The Hanoi Times

Viet Nam firms lack brand strategy: survey
Vietnamese businesses lack a proper strategy to build brands, a survey by British brand consultant Mibrand has found.
— Bizhub

Finance Ministry proposes sugar soft drink tax
The Sugar and Sugarcane Association has objected to the proposal by the Ministry of Finance to levy a special consumption tax of 10% on sugary soft drinks.
— VietnamNet Bridge

Vietnam pig prices appreciate
Pigmeat prices in Vietnam have doubled compared to last year, and continue to appreciate. The Ministry of Agriculture and Rural Development (MARD) said that this is the result of herd reduction in the past year and market supply and demand have balanced off.
— UKR Agro Consult

Corporate governance to be regulated
The State Securities Commission (SSC) will promote the standardisation of corporate governance for public companies this year.
— Bizhub

Ministries urged to address slow public investment disbursement
Deputy Prime Minister Vuong Dinh Hue on May 24 asked the Ministry of Health, Ministry of Education and Training, and Ministry of Culture, Sports and Tourism to quickly address their slow disbursement of public investment.
— VietnamPlus

Viet Nam exports 3-coloured mangos to Oz
The southern province of An Giang has exported 5.4 tonnes of three-coloured mangoes to Australia for the first time, reported the provincial People’s Committee.
— Bizhub

Eleven investors interested in My Thuan-Can Tho expressway project
Eleven investors, including those from the Republic of Korea and China, wish to invest in the My Thuan-Can Tho expressway in the Mekong Delta region.
— VietnamNet Bridge

HCM City boosts development of supporting industry
Ho Chi Minh City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.
— VietnamPlus

Vietnam attends St Petersburg International Economic Forum
A Vietnamese delegation led by the head of the Central Economic Commission, Nguyen Van Binh, are attending the St Petersburg International Economic Forum (SPIEF) 2018 that opened on May 24.
— Nhan Dan Online

Enterprises need a level playing field in financial support
Hoàng Hải, deputy director general of the Ministry of Finance’s Debt Management and External Finance Department, speaks to Customs Online on the need to have a level playing field for Vietnamese enterprises when it comes to receiving loans.
— Viet Nam News

K-Start-up Grand Challenge provides great opportunity for Vietnamese start-ups
Vietnamese start-ups will have the ideal opportunity to bring their creative ideas to the Republic of Korea (RoK) and get the full support for their month-long settlement in RoK if they win at the K-Startup Grand Challenge 2018.
— Nhan Dan Online

Made-in-Vietnam woodwork conquering international premium markets
Vietnamese woodwork is making a mark worldwide, from furniture in five star resorts to first class flights.
— VnExpress

Go-Jek Confirms Expansion To Thailand, Philippines, Vietnam, Singapore
Indonesia’s homegrown ride-hailing app Go-Jek on May 24 confirmed earlier reports that it will launch its services in four other Southeast Asian countries as part of its regional expansion strategy.
— Investvine

Vietnamese exports to Africa face price challenges
Vietnamese exports to Africa have faced price-related challenges as they have to compete with other African nations in terms of import tax, given the fact there is no free trade agreement or preferential trade agreement between Vietnam and regional countries.
— VietnamPlus

Online fashion sales boom in Vietnam
The e-commerce community predicted that 2018 would be the year of fashion products in Vietnam, noting that busy office workers were buying more clothes from online shops.
— VietnamNet Bridge

 

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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

junior writer/ trainee journalist at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations. She commenced as an intern and was appointed as a junior writer/ trainee journalist on April 2, 2018

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