Vietnam morning news for November 15

Vietnam morning news for November 15

Vietnam morning newsTough stance needed on tax official violations
National Assembly (NA) deputies agree it is important to penalise tax officials who provide illegal solutions for taxpayers.
— VietNamNet Bridge

Racing the wind: Vietnam’s largest onshore wind project completes ahead of monsoon
Construction of Vietnam’s largest largest onshore wind plant has been completed ahead of the region’s monsoon season, expected to start later this month.
— AEC News Today

Viet Nam spends $1.43 billion on vegetables and fruits import
Viet Nam imported fruit and vegetables worth US$1.43 billion in the first 10 months of this year, a year-on-year increase of 13.1 per cent, according to statistics of the Ministry of Agriculture and Rural Development (MARD).
— Bizhub

Imported cars boost auto sales in October
Almost 28,900 cars were sold in Vietnam in October, up 21 percent from the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
— VietnamPlus

Vietnamese banks race to end cross-ownership to obey law
Vietnamese commercial banks are in a hurry to divest capital in other peers and meet the regulation of limiting cross holding set by the SBV.
— VietNamNet Bridge

Transport giant to withdraw capital from leading HCMC taxi firm
In an apparent u-turn, transport giant Tracodi has approved divestment of its 30 percent stake in Vinataxi.
— VnExpress

Vietnam-EU legal timber agreement signed, but much work remains
The European Union has signed an agreement to support Vietnam’s forest governance improvement goals, aimed at ensuring that the timber it imports from the Southeast Asian country is legally sourced.
— Mongabay

Vietnam’s coffee exports jump to record high of 1.8 million tonnes
Vietnam exported a record high of nearly 1.8 million tonnes of coffee during the 2017-2018 crop, 12.7% higher than the previous crop, the Vietnam Coffee-Cocoa Association (VICOFA) stated.
— Nhan Dan Online

Authorities and companies seek ways to improve mould-making industry
Authorities in HCM City and leaders of mould-making companies needed to use more advanced technologies and training, experts said.
— Bizhub

What is the CLV Development Triangle Area?
With globalisation in full force, more and more Southeast Asian countries are beginning to realise the importance of economic cooperation for the sake of economic growth.
— The Asean Post

Vietnam arrests two more officials of state-run MobiFone in graft crackdown
Police in Vietnam have arrested two more officials of a state-run mobile carrier, the latest sweep in the Communist-ruled nation’s graft crackdown that has already engulfed hundreds of government officials.
— Channel NewsAsia

German businesses wish to expand investment in Vietnam
More than half of German businesses wish to expand their business in Vietnam over the next 12 months and 52% want to hire more employees for their factories.
— Vietnam Insider

Vietnam trade promotion area launched in Shanghai
A Vietnam trade promotion area was inaugurated at the Greenland Global Commodity Trading Hub in Shanghai, China on November 13.
— Nhan Dan Online

Academics slam communist party’s rebuke of Vietnam publish
More than 80 international scholars have upbraided Vietnam’s Communist Party for condemning a prominent book publisher whose titles criticised socialism, a no-go zone in the Marxist country.
— Malay Mail

Fly-by-night foreign companies remain a problem for Vietnam
Vietnam continues to be plagued by foreign company chiefs fleeing the country without paying off debts or workers’ salaries.
— VnExpress

Sungrow partners with Bouygues to support a 201 MW PV plant in Vietnam
Sungrow, the global leading inverter solution supplier for renewables, announced to partner with Bouygues, a French multinational industrial group, to supply 1500V turnkey container solution, associated SCADA and PPC for a 201 MW PV plant in Vietnam’s Ninh Thuan Province.
— AEC News Today/ PR Newswire (media release)

Mobile phone users allowed to change network
Vietnamese telecommunications giants VinaPhone, Viettel and MobiFone will deploy mobile number portability (MNP) services starting this Friday (November 16).
— Bizhub

PM: Vietnam regards US as important leading partner
Vietnam considers the US one of its important leading partners, Prime Minister Nguyen Xuan Phuc told US Vice President Mike Pence.
— Nhan Dan Online

Vietnam Foodexpo 2018 kicks off in Ho Chi Minh City
The Vietnam Food Technology International Exhibition (Vietnam Foodexpo) 2018 officially opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on November 14.
— Nhan Dan Online

Vietnam FPT sees net profit up 19% in 10 months
Revenue from technology and telecom sectors contributed 94% to the corporation`s total revenue.
— The Hanoi Times

Ministry measures economic reform
The Ministry of Planning and Investment has proposed criteria for monitoring and evaluating the efficiency of economic restructuring and growth model renewal in the 2016 to 2020 period.
— Bizhub

Sabeco uncorks cap on foreign ownership
Saigon Beer Alcohol Beverage Corporation (Sabeco) on Monday announced that its board of directors had approved unrestricted foreign ownership.
— VietNamNet Bridge

Fears of financial overreach rise over Vietnam’s first high speed railway
Experts feel Vietnam can’t carry the financial burden of the high speed railway project, given significant difficulties in attracting funds.
— VnExpress

US Court of Appeals upholds anti-dumping duties on shrimp from Vietnam
The U.S. Court of Appeals for the Federal Circuit last week affirmed a 2016 U.S. Court of International Trade decision, rejecting the challenges brought by Vietnamese exporters and some U.S. importers against the U.S. Department of Commerce’s Final Results in the eighth administrative review of the antidumping duty order on certain frozen warmwater shrimp from Vietnam.
— Seafood Source

Vietnam highland towns get ‘real’ getaway recommendations
Contrasting major Southeast Asian destinations with relatively lesser traveled ones, a leading travel news site of Canada recommends the latter.
— VnExpress

Dutch expert offers suggestions for Mekong Delta’s sustainable development
The Mekong Delta and its people are facing flooding, drought, salinisation, polluted water and land subsidence. However, smart and appropriate responses would help the people to live with the challenges, turn them into opportunities and make the delta more sustainable, resilient, and prosperous.
— Nhan Dan Online

Former Mobifone directors arrested over AVG purchase
Mobifone’s former director and deputy director have been arrested for wrongdoings over the loss-making purchase of the Audio Visual Global JSC (AVG).
— Vietnam Insider

Experts disagree on plan on Long Thanh, Tan Son Nhat airport use
Vietnam Airlines may be the only one domestic air carrier to use the proposed Long Thanh International Airport if the consultant’s plan is approved.
— VietNamNet Bridge

Vietnam’s top telecom bosses face arrest over loss-making TV deal
Vietnam on Wednesday issued arrest warrants and placed two top telecom bosses under investigation for suspected involvement in a loss-making private TV deal, authorities said, as a crackdown on graft gathers pace.
— Menafn

DATC to trade debts with FDI firms
Vietnam Debt and Asset Trading Company (DATC) under the Ministry of Finance will expand its debt trading activities to all enterprises in the economy, including foreign-invested firms, aside from doing so with State-owned enterprises (SOEs) as usual, news website VnEconomy reported.
— VietNamNet Bridge

Local specialties to be on display next week
The Vietnam Local Specialties Fair 2018 and the “One Village One Product” exhibition are scheduled to take place from November 21-25 in the capital city, the Hanoi Promotion Agency announced on November 13.
— VietnamPlus

Vietnam PM urges Singapore’s Sembcorp to build more industrial parks
Sembcorp has been one of the pioneer enterprises in investing in Vietnam with nine VSIPs over the last 20 years, which are now the symbol of economic, trade and investment cooperation between Vietnam and Singapore.
— The Hanoi Times

 

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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