Vietnam morning news for October 2

Vietnam morning news for October 2

Vietnam morning newsFast and serious: Vietnam’s first domestic car manufacturer bets big
Vietnam is betting car-making can be a ticket to a more prosperous economy, just as it was for the likes of Japan and South Korea.
— Vietnam Insider

Vietnam may hike power prices in 2019
The move is necessary for Vietnam Electricity to cover an incurred cost of VND20.73 trillion (US$892.18 million) in the 2018 – 2019 period, stated the Ministry of Industry and Trade (MoIT) on its website.
— The Hanoi Times

Cement stocks rise with exports
Cement stocks are trading furiously on the market as sharp increases in the export and consumption of cement are brightening the outlook for this sector.
— Bizhub

Vietnam has much monetary policy room to boost growth till year-end
The credit growth target has been set at 17% this year, meaning that credit can grow an additional 6-7% in the final three months.
— The Hanoi Times

Environmental fuel tax rise may be delayed
The Ministry of Industry and Trade proposed rescheduling the environmental protection tax rise on fuels to a more suitable time as concerns over inflation increase.
— VietNamNet Bridge

VN sees rice export growth by year-end
Over the first nine months of this year, Viet Nam shipped 4.9 million tonnes of rice abroad, earning US$2.5 billion, up 22 per cent from the same period last year.
— Bizhub

Vietnam manufacturing growth slips to 10-month low
The latest Nikkei-Markit Vietnam manufacturing purchasing managers’ index fell to 51.5 last month, from 53.7 in September, although still above of the 50-point mark separating expansion from contraction.
— Vietnam Insider

A Protest Singer Finds Her Voice in Vietnam’s Police State
The taxi was weaving through evening traffic, inches from the motorbikes that were swarming it like hornets.
— New York Times

Vietnam’s GDP growth to surpass 7% in 2018: Brokerage
In order to achieve the growth target of 6.7% for 2018, the Vietnamese economy would need to increase by around 6.1% in the fourth quarter.
— The Hanoi Times

Finance companies slow credit growth
Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.
— Bizhub

Gov’t meeting highlights positive economic performance in 9 months
Positive outcomes have been recorded in all economic spheres over the last nine months with the most remarkable being the highest nine-month GDP growth rate since 2011, according to Prime Minister Nguyen Xuan Phuc.
— VietnamPlus

Vietnamese firms should see Industry 4.0 as a business opportunity: VCCI
The Vietnam Chamber of Commerce and Industry has high hopes that Industry 4.0 will open more doors and opportunities for Vietnamese companies.
— VnExpress

Vietnam emerges as alternative destination for foreign manufacturers
Analysts say they can see opportunities for Vietnam in the US-China trade war. Signs show that Asian manufacturers are relocating their production bases to Vietnam.
— VietNamNet Bridge

New entity set up to manage Vietnam government stakes in companies
A committee has been set up to manage the government’s stakes of more than $43 billion in companies.
— VnExpress

Dak Lak’s wind power potential attracts investors
Tens of Vietnamese and foreign investors are asking for permission to survey the wind power potential in the Central Highlands province of Dak Lak to build wind power plants here, according to a local official.
— VietnamPlus

Mother fights deportation to Vietnam
A Vietnamese woman and her six-month-old baby will be separated if her deportation challenge in Melbourne’s Federal Circuit Court fails.
— News.com.au

McDonald’s and Burger King falling short of ambitions in Vietnam
Despite their overwhelming popularity around the world, McDonald’s and Burger King have not risen to dominance during the long years in Vietnam.
— Vietnam Insider
Feature photo pxhere

This week’s Vietnam morning news feature photo acknowledges International Day of Older Persons, October 1.

 

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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