Vietnam morning news for October 22

Vietnam morning news for October 22

Vietnam morning newsVietnam’s nation brand valued at US$235 billion, among 100 most valuable
Vietnam is ranked 43th in the list of the top 100 most valuable nation brands in 2018 at US$235 billion, up 16% year-on-year or US$32 billion, according to the latest report released by Brand Finance.
— The Hanoi Times

VN to import 300,000 tonnes of raw cashew
Viet Nam will need to import more than 300,000 tonnes of raw cashew nuts in the remaining months of the year for processing to meet the demand of importers, according to processing companies.
— Bizhub

Commission presents EU-Vietnam trade and investment agreements for signature and conclusion
The European Commission today adopted the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion. Through this adoption, the Commission is demonstrating its commitment to putting these agreements in place as soon as possible.
— AEC News Today/ PR Newswire (media release)

High Oil Prices Help Vietnam, Hurt Its Fuel Buyers
An increase in world oil prices is helping Vietnam speed economic growth and build new roads and bridges. But it also means higher fuel prices for its own people.
— VOA

Cambodia Strengthens Tourism Cooperation With Thailand, Vietnam
Cambodia will further strengthen its tourism sector cooperation with Thailand and Vietnam as the country seeks to attract ten million international tourists in 2025 and up to 15 million in 2030. These numbers should be reached from 5.6 million international tourists last year, which translated in earnings of $3.6 billion or 12 per cent of the country’s GDP.
— Investvine

Vietjet commended as “Pioneering Airline” at The Guide Awards 2018
The budget carrier Vietjet has been hounoured as a “Pioneering Airline” at the 19th Festival of the National Tourism Industry – “The Guide Awards 2018”, in recognition of its outstanding contribution to the development of Vietnamese tourism.
— Nhan Dan Online

Vietcombank files for private issue of 360 million shares
Vietnam’s State Securities Commission has received an application from Vietcombank for a private placement of shares worth over $156.5 million.
— VnExpress

Shopee becomes top e-commerce player in Vietnam by traffic in Q3
The competition was growing fierce in Vietnam’s e-commerce market, which is anticipated to reach US$10 billion by 2022.
— Vietnam Insider

Dung Quat Biofuel Plant releases first product after resumption
The Dung Quat Biofuel Plant, based in the central province of Quang Ngai, produced the first batch of E100 ethanol fuel on October 19 after five days since restarting, the company officials have announced.
— Nhan Dan Online

PetroVietnam says Tokyo Gas may help with power plant project in Vietnam
Tokyo Gas is interested in cooperating with Vietnam’s PetroVietnam Power Corp (PV Power) to develop a natural gas-fired power project in the Southeast Asian country.
— VnExpress

Corporate Security Guards Attack Indigenous Protesters in Rural Vietnam-Amnesty International
Security guards employed by Indian-owned RK Viet Nam on September 27 attacked a group of protesters at the company’s marble quarry in Lam Thuong commune, Yen Bai province, according to a statement by Amnesty International.
— Radio Free Asia

Imports of clothing materials see strong growth
Vietnam recorded strong growth in imports of materials for the textile and garment industry in the first nine months of 2018, according to statistics by the Ministry of Industry and Trade.
— VietnamPlus

Tax increases inevitable to ensure efficiency: experts
Vietnam’s indiscriminate tax breaks for enterprises might lead to a shrinking State budget, putting sustainable development goals and critical welfare functions in danger, according to experts.
— VietNamNet Bridge

Danang’s Golden Bridge listed among top 5 special awards
Sun Group said yesterday the golden bridge in the central coastal city of Danang has just been listed among the top 5 the year’s special awards at the Guide Awards 2018.
— Sggp News

HCM City announces seven groups of key products
The People’s Committee of Ho Chi Minh City on October 20 announced seven groups of its key industrial and agricultural products in the 2018-2020 period, which are expected to develop into strong brands to participate in global value chains.
— Nhan Dan Online

Samsung refutes rumors on shifting production from Vietnam to N.Korea
In response to Hanoitimes’ request for comment, a spokesperson of Samsung Electronics Vietnam said the company “does not comment on rumors and personal speculation.”
— The Hanoi Times

State auditor finds BT projects massively overvalued
Some build-transfer (BT) projects are worth just 39 percent of their value on paper, Vietnam’s state auditor has found.
— VnExpress

Vietnam foresees new wave of Japanese investments
Strengthened bilateral ties between the two countries as well as Vietnam’s high economic growth and improved business environment will usher in a new wave of Japanese investment in the South East Asian country, experts said.
— The Hanoi Times

Speculators inflate housing prices: MoC
Housing prices in Viet Nam lack stability and are inflated beyond most citizens’ ability to afford them, according to the Ministry of Construction’s report submitted to the 14th National Assembly.
— Bizhub

Vietnam dissident Khoi urges FB to protect freedom of expression
Mai Khoi, a dissident musician dubbed Vietnam’s Lady Gaga, has appealed to Facebook’s directors to safeguard freedom of expression as the government looks to bolster its control of the web.
— The News

Aber ride-hailing service hits the road in Hanoi
Aber, the second Vietnamese ride-hailing service, launched its Hanoi operations Friday, four months after making its HCMC debut.
— VnExpress

Smoking in film largely banned
Newly-issued Ministry of Culture, Sports and Tourism Circular 25 has ordered firms and artists to limit smoking scenes in films and plays.
— Vietnam Insider

Taxi or not? Vietnam debate rages over Grab status
Transport authorities and taxi associations have reiterated that ride-hailing firm Grab should be treated as a taxi service, but experts disagree.
— VnExpress

Vietcombank opens first overseas subsidiary in Laos
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) opened its first overseas subsidiary in Vientiane, Laos, on October 19.
— Nhan Dan Online

Ministry considers removing mobile phone promotion cap
The Ministry of Information and Communications is considering a proposal from telecom providers to remove the ceiling promotion rate of 20 per cent for pre-paid subscribers.
— Bizhub

Vietnam gears up for tough competition in fourth industrial revolution
The fourth industrial revolution and digital transformation are bringing sweeping changes to the manufacturing sector and every aspect of socio-economic life around the world.
— VietNamNet Bridge

Hanoi aims for more social housing by 2020
Hanoi’s property market will have more supply of social housing products for low-income people by 2020 in order to address the paucity of those products on the market combined with the over-supply of commercial houses.
— VietnamPlus

City tackles counterfeit goods, smuggled goods and trade fraud
HCM City is seeking better solutions to fight against counterfeit goods and smuggled products that are traded online.
— Bizhub

Will Vietnam toe US line on South China Sea?
China and Southeast Asian nations including Vietnam have over the past couple of years reached fundamental consensus on maintaining the stability of the South China Sea.
— Global Times

Banks cut fees to improve business climate
Banks have cut service fees in response to the Government’s push to improve the business environment, deputy governor of the State Bank of Viet Nam (SBV) Dao Minh Tu said on Thursday.
— Bizhub

Vietnam’s program connects college students’ startup ideas with investors
The most outstanding startup projects from the CiC Startup Idea 2018 competition have presented their ideas in the Finding Investors CiC 2018 program.
— Vietnam Insider

HAGL, FPT Capital lock horns in court over share repurchase dispute
FPT Capital has filed a lawsuit against the HAGL group and its chairman over a share repurchase dispute.
— VnExpress

Motorbike market gears up with new technologies
Having expanded by 13 times in the last 20 years, the domestic motorbike market remains hot with new models equipped with the most advanced technologies launched eve
— Vietnam Insider

 

Feature photo Agroecology Learning Alliance

This week’s Vietnam morning news feature photo acknowledges World Development Information Day, October 24.

 

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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