Vietnam morning news for November 23

Vietnam morning news for November 23

Vietnam morning newsVN firms should export more to ASEAN: conference
Vietnamese firms should look to export more to ASEAN member countries to take advantage of the huge market and low tariffs, a conference heard in HCM City on November 22.
— Viet Nam News

SMEs urged to participate in global value chains
Small- and medium-sized enterprises (SMEs) must enhance their competitiveness to participate in Industry 4.0 and inclusive global value chains in the context of rapid integration and technology advancements, experts have said.
— Viet Nam News

Vietnam resolutely opposes China’s activities in Bombay Reef
Vietnam resolutely opposes China’s installation of a new structure in Bong Bay (Bombay) Reef in Vietnam’s Hoang Sa (Paracel) archipelago and demands China to immediately end the operation and not conduct similar actions, said the Foreign Ministry’s Vice Spokesperson Nguyen Phuong Tra.
— vnanet.vn

Vietnam among top 5 PPI countries for first time: WB
The first-half period saw a modest increase of 7% in PPI projects in developing countries, showing signs of a continued recovery. However, this is still 13% lower than the 10-year average, according to the global lender.
— Vietnam Net

Businesses concerned over interest rate hike
Commercial banks have entered a race to increase their deposit rates since early last month. On November 20, Saigon-Hanoi Bank (SHB) announced plans to adjust upward its annual deposit rates by 60 basis points. The rates are now 7.8% for 12-month savings of at least VND5 billion and 7.4%-7.6% for tenors of six to 11 months.
— Vietnam Net

Vietnam consumer and retail sector should make better use of working capital: PwC
Local consumer and retail firms should leverage working capital elements for sales, profitability, and operating cash flow growth, according to experts from services firm PwC Vietnam at an event on November 22.
— Hanoi Times

South Korea investors reroute investment to Vietnam from China
More South Korean manufacturers have poured money into Vietnam and many of them have shifted their investment to the Southeast Asian country from China, Vietnam News reported.
— Hanoi Times

Who is the most profitable retailer?
VnExpress quoted experts as saying that, even while they were making M&A deals and increasing investment, foreign retail chains such as Big C, Lotte and Aeon still has revenue far below Vietnamese retailers.
— Vietnam Net

More UPCoM firms poses market management issues
A total 797 companies had traded shares on the Unlisted Public Company Market (UPCoM) as of Monday, exceeding the total number of listed companies on the Ho Chi Minh and Ha Noi stock exchanges and putting pressure on market management and supervision.
— Viet Nam News

Banpu readies Bt13 bn for first phase of Vietnam wind farm
BANPU Power Plc (BPP) plans to build a 200-megawatt (MW), two-phase wind farm in Vietnam, with investment of about Bt13 billion for the first phase of the project.
— The Nation

Textile expo opens in HCM City
A wide range of technologies, equipment, products, and services used in the textile and garment industry are on display at the 18th Vietnam International Textile & Garment Industry Exhibition (VTG 2018), and the Vietnam International Textile and Apparel Accessories Exhibition (VitaTex), which opened on Wednesday in HCM City.
— Viet Nam News

State Treasury raises nearly VND 3 trillion via G-bonds
The State Treasury of Viet Nam mobilised VND 2.935 trillion (US$125.43 million) through Government bond auctions on the Ha Noi Stock Exchange (HNX) on Wednesday.
— Viet Nam News

ANNOUNCEMENT: National External Information Service Awards 2018
Pursuant to regulations on the National External Information Service Awards 2018, the Council for National External Information Service Awards in 2018 calls for submissions from media and publishing agencies, Vietnamese and foreigners.
— Vietnam+

Seminar talks marine planning, coastal ecosystems in Mekong Delta
A seminar was held in Hanoi on November 22 to look into marine spatial planning and a project on improving the human habitat and coastal ecosystems in the Mekong Delta.
— vnanet.vn

VN looks to promote franchise market
The franchise market features both domestic and foreign enterprises. The ministry said there were 213 businesses with hundreds of trademarks licensed for franchising in Viet Nam over the last decade.
— Viet Nam News

Textile expo opens in HCM City
A wide range of technologies, equipment, products, and services used in the textile and garment industry are on display at the 18th Vietnam International Textile & Garment Industry Exhibition (VTG 2018), and the Vietnam International Textile and Apparel Accessories Exhibition (VitaTex), which opened on Wednesday in HCM City.
— Viet Nam News

Vietnam forecast to be the magnet of foreign investors next year
Though Singapore has long ruled the region’s booming venture capital and private equity investment market, new players, including Vietnam, are emerging and could take its crown.
— Hanoi Times

HN resort tourism has potential
Resort tourism in Ha Noi suburbs and neighbouring areas has seen potential for higher growth, experts said.
— Viet Nam News

Ministry proposes stricter rules in contractor selection
Recently, many voters in the central city of Danang complained that many projects conducted by Chinese contractors have seen sluggish implementation or bad quality.
— Vietnam Net

Vietnam Growtech opens in Ha Noi
The International Exhibition on Machineries and Technologies of Agriculture, Forestry, and Fishery (Vietnam Growtech 2018) opened yesterday at the Ha Noi International Exhibition Centre (ICE) in the capital.
— Viet Nam News

French food and agricultural products on display in Viet Nam
Large supermarkets in Hà Nội will organise booths to introduce French food and agricultural products to Vietnamese consumers from now until December 3 to mark the opening a week of French food and agricultural products in Viet Nam.
— Viet Nam News

500 Startups Viet Nam secures $14M to invest in local companies
Early-stage venture capital investor 500 Startups Viet Nam has raised US$14 million to invest in local companies, said the fund in its latest blog post.
— Viet Nam News

VN internet economy to reach $9b in 2018
The Vietnamese internet economy has almost tripled in three years to reach US$9 billion in 2018, driven by e-commerce and online media, a new report released by Google and Temasek showed.
— Viet Nam News

Regional Specialties Fair gathers typical products nationwide
The Vietnamese Regional Specialties Fair 2018 opened at the Vincom Mega Mall Royal City in Hanoi on November 21, showcasing thousands of specialities from 56 provinces and cities across the country.
— Nhan Dan online

Developing new technology industries in 4.0 era
The fourth industrial revolution is expected to create new technology industries which could drive  Viet Nam’s economic growth, said Nguyen Thị Tue Anh, the Central Institute for Economic Management (CIEM) deputy director.
— Viet Nam News

Tourism consultancy services in high demand
A director of a provincial sports and tourism department told reporters on the sidelines of an event held recently in HCMC that he is looking for experts who can give advice in drafting the local tourism development strategy.
— Vietnam Net

Vietnam, UK ink MoU on anti-human trafficking cooperation
The Vietnamese Government and the Government of the United Kingdom of Great Britain and Northern Ireland on November 21 signed a memorandum of understanding on anti-human trafficking cooperation.
— vnanet.vn

Contest to give VN start-ups entry to North American markets
Zone Start-ups Vietnam, a start-up accelerator, has launched the Next Big Idea contest to help start-ups break into North America through Toronto city in Canada, one of the fastest growing technology centres in the world.
— Viet Nam News

Asia Pacific is world’s fastest aging region
The Asia-Pacific is the fastest aging region of the world with over 200 million people expected to move into the ranks of the elderly (aged 65 years and above) between now and 2030, according to the Asia Pacific Risk Centre.
— Viet Nam News

Go-Jek pilots food-delivery service in Vietnam
The pilot, launched on November 20, started in Ho Chi Minh City and is expected to be officially rolled out across major cities in the country soon, according to Nguyen Bao Linh, deputy head of business development at Go-Viet.
— Vietnam Insider

 

Feature photo Lon&Queta

This week’s Vietnam morning news feature photo acknowledges World Toilet Day, November 19.

 

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.

The following two tabs change content below.

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

Support independent media by sharing

Leave a Reply

Your email address will not be published.