Vietnam morning news for November 13

Vietnam morning news for November 13

Vietnam morning newsVN becomes 7th member of CPTPP trade deal
Viet Nam has officially become the seventh member of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) after all National Assembly (NA) deputies on Monday approved a resolution on the agreement.
— Bizhub

Beijing should not ignore rising anti-China sentiment and neither should Hanoi
Since mid-June 2018, numerous anti-China protests have been reported in Vietnam. Demonstrations of this kind have not been seen since the widespread anti-China protests in the country in 2008 and 2014.
— AEC News Today

Demand soars as Vietnam becomes big mushroom importer
About 20 million tons of mushroom are consumed every year worldwide. In Vietnam, the demand for mushrooms as food and medicinal purposes has been increasing rapidly.
— VietnamNet Bridge

Vietnam’s Bikini Airlines now has bigger market cap than AirAsia
Vietjet Aviation, Vietnam’s largest budget carrier, has grown into the second-most-valuable airline in Southeast Asia by market capitalization, and is building on that success to create a network of international routes stretching outside the region. Nikkei reports.
— Vietnam Insider

Hanoi encourages involvement of private sector in environmental protection
Hanoi has effectively implemented awareness-raising activities, integrating measures to climate change response in the strategies and planning for socio-economic development in the city.
— The Hanoi Times

Vietnam parliament allows foreign ODA to increase US$2.56 billion
The domestic debt would have to be reduced by the same amount to ensure national financial safety.
— The Hanoi Times

Great potential to help Vietnam realise its digital economy dream
Vietnam’s immense potential in information technology, cloud computing and big smartphone coverage are serving as key propellants for the country to materialise its dream to successfully develop its digital economy. Thu Ha reports.
— Nhan Dan Online

Vietnam brewer Sabeco removes limit on foreign ownership
Vietnam’s largest brewer Sabeco said on Monday it has removed foreign ownership limit at the company.
— Nikkei Asian Review (paywall)

State budget revenues exceed VND1 quadrillion in ten months
State budget revenues reached over VND1.12 quadrillion (US$48.16 billion) in the first ten months of 2018, equivalent to 84.9% of the year’s estimate and up 15.1% against the same period last year, announced the Ministry of Finance on November 12.
— Nhan Dan Online

Vietnam at Crossroads on Cryptocurrency Regulations
Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment.
— Bitcoin

Feasibility studies of Vietnam’s North-South Expressway approved
The Ministry of Transport (MOT) has approved the feasibility study reports of 11 sub-projects of the eastern North-South Expressway project for the 2017-2020 period, according to a ministry official.
— Nhan Dan Online

Taiwanese IoT Delegation to Meet with Leading Vietnamese Companies for Future Collaboration
SIPA, a program from Taiwan’s Industrial Development Bureau (IDB) will introduce innovative transportation and IoT companies to Vietnamese partners through a series of online webinars beginning mid-November.
— AEC News Today/ PR Newswire (media release)

Brands need to master mobile in Vietnam
Vietnam is technologically advanced in terms of network and smartphone penetration, integrated marketing communications across multiple channels is increasingly used and prioritising mobile marketing is no longer a trend, but a must-have, a new WARC report advises.
— Warc

Logistics test Vietnam’s commitment to improving business environment
Recognising the crucial role of logistics in enhancing the competitiveness of the economy, since 2017 the government has taken many measures aiming to improve the performance of this sector.
— Nhan Dan Online

Vietnam, Barcelona enterprises foster commercial connection
A conference was held in Hanoi on November 12 to foster commercial connections between Vietnamese and Barcelona (Spain) businesses.
— Nhan Dan Online

Vietnam Airlines, El Al Israel Airlines launch codeshare partnership
National flag carrier Vietnam Airlines and El Al Israel Airlines (LY) launched a reciprocal codeshare partnership during a signing ceremony in Tel Aviv on November 12.
— VietnamPlus

Vietnam foreseen investment wave after foreign ownership cap removal
The revised Law on Securities is expected to create a wave of foreign investments in the country as it allows foreign investors to hold 100 percent stake of Vietnamese companies.
— VietnamNet Bridge

Commercial banks hunt for young people
Many commercial banks are now trying to win the hearts of young people, who could be big borrowers in the future.
— Vietnam Insider

Minh Phu Seafood to remove non-core businesses to ease foreign ownership
Viet Nam’s leading shrimp exporter Minh Phu Seafood Corporation has approved a plan to remove some of its non-core businesses to pave the way for foreign investors to buy more shares in the company.
— Bizhub

Vietnam honours World Luxury Hotel Awards
Two projects – Premier Village Danang Resort and Mercure Danang French Village Bana Hills – , invested in by property developer Sun Group in Vietnam’s Da Nang city, won prizes at the World Luxury Hotel Awards in Bali, Indonesia, on November 10.
— Nhan Dan Online

NA okays changes for mid-term public investment budget
The National Assembly (NA) on Monday morning passed a resolution adjusting the middle-term public investment budget for the 2016-20 period, increasing total overseas borrowing to VND360 trillion (US$16 billion) from VND300 trillion.
— Bizhub

New law designed to ensure healthy competition
The law, which features eight amendments to the Competition Law 2004, respects business rights and maintain state management at a reasonable level to ensure healthy competition.
— The Hanoi Times

Singaporean investment fund lifts holding in Vietnam’s Masan Group
The deal is reportedly worth VND2.27 trillion (US$101 million), for which Arnolis Investment will hold an 8.87% stake of Masan Group, or an equivalent of 103.15 million shares, according to the Ho Chi Minh Stock Exchange (HoSE).
— The Hanoi Times

EVFTA to act as catalyst for textile, footwear exports: experts
The EU-Vietnam Free Trade Agreement (EVFTA) is expected to create solid opportunities for Vietnam to expand its export markets in the time ahead, especially in terms of the garment and footwear industries.
— VietnamNet Bridge

Mitsubishi targets full-scale production in Vietnam
Japan’s Mitsubishi Motors planned to expand beyond vehicle assembly in Vietnam and move to full-scale local production, including procuring parts from within the country, Nikkei Asian Review reported.
— The Hanoi Times

FPG steel mill in Vietnam to mull investment in 3rd furnace
A steel mill operated by Taiwanese conglomerate Formosa Plastics Group (FPG) in Vietnam will study the feasibility of expanding production by building a third furnace, the Ha Tinh-based firm said Monday.
— Focus Taiwan

Businesses in Vietnam close down at increasing rate
The number of enterprises closing down in the year to date hit 67,000, double the number in the same period last year.
— VnExpress

Ticket demand for Vietnam-Malaysia match increases
The demand for tickets to the match between Vietnam and Malaysia in the ongoing ASEAN Football Federation (AFF) Suzuki Cup 2018 is increasing following Vietnam’s 3-0 win over Laos on November 8.
— Nhan Dan Online

 

Feature photo World Health Organisation

This week’s Vietnam morning news feature photo acknowledges World Diabetes Day, November 14.

 

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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