Vietnam morning news for October 4

Vietnam morning news for October 4

Vietnam morning newsVietnam nominates party chief as new president
Vietnam’s ruling Communist Party has agreed to nominate its General Secretary, Nguyen Phu Trong, as president of the Southeast Asian country, Vietnam’s government said on Wednesday.
— Reuters

Vietnam mulls banning sales of pre-used SIM cards
The Ministry of Information and Communications has proposed the ban of pre-used SIM card sale to better control network subscribers.
— VnExpress

Property sector calls for adjustments to bank loan regulations
The new restriction on banks of using only 40 percent of their short-term deposits for long and medium-term loans should not take effect next year, the Ho Chi Minh City Real Estate Association (HoREA) has said.
— VietnamPlus

Vietnam inflation rate may reach 3.8% in 2018: Brokerage
According to BIDV Securities Company (BSC), fuel and food prices would have the biggest impact on inflation.
— The Hanoi Times

How Facebook Is Damaging Freedom of Expression in Vietnam
Last year, Facebook chief executive Mark Zuckerberg said: “Our job at Facebook is to help people make the greatest positive impact while mitigating areas where technology and social media can contribute to divisiveness and isolation.”
— Gadgets

Nearly 70% Vietnam’s SMEs see revenue improvements in 2018
Vietnam`s overall prospect for small and medium enterprises (SMEs) appears positive as the government continues to overhaul the business regulatory system.
— The Hanoi Times

Grab eyes alliances with conglomerates to expand footprint in Vietnam
Southeast Asia’s ride-hailing company Grab is looking to forge tie-ups with Vietnamese conglomerates to deepen its footprint in the country, Grab Vietnam head Jerry Lim said on Tuesday.
— Vietnam Insider

Tay Ninh attracts 10 solar power projects worth US$862 million
At present, nine out of 10 projects have been under construction, and are scheduled to be completed in June 2019, VietnamFinance reported.
— The Hanoi Times

Microfinance – an effective tool for women to escape poverty
Microfinance, which provides preferential micro-credits with simple conditions, is seen as an effective tool to help women beat poverty, develop business and make contributions to the society.
— VietnamPlus

Vietnam’s Solar Power Market
Vietnam’s energy demand is predicted to increase by over 10 percent by 2020, while energy consumption is projected to increase four-fold by 2030 compared to 2014. To meet the growing demand which cannot be fulfilled by sources like coal and hydro, the government is promoting other renewable sources such as biomass, solar and wind to reduce the gap between demand and supply.
— Vietnam Briefing

Deputy PM: Vietnam supports cashless payments
The Vietnamese Government will continue to support and solidify legal regulations on cashless payment systems, Deputy Prime Minister Vuong Dinh Hue told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has been popular in Vietnam over the past five years.
— Nhan Dan Online

More instant coffee brands join Vietnam’s market
The instant coffee market, including capsules and pods, is heating up, but analysts believe there are still opportunities for newcomers.
— Vietnam Insider

Vietnam Releases the 2017 Economic Census
The General Statistics Office of Vietnam (GSO) recently released the 2017 Economic Census, which includes information about economic establishments, business activities, labor market, and outsourcing activities. It covers State and non-state domestic enterprises as well as foreign-invested enterprises (FIEs).
— Vietnam Briefing

Vietnam Airlines and Thales strengthen their partnership with the selection of AVANT IFE onboard the new Boeing 787-10 fleet
Vietnam Airlines has chosen Thales to equip their new B787-10 Dreamliner aircraft with the state-of-the-art AVANT inflight entertainment system. Vietnam Airlines has grown to become a prestigious airline in the region thanks to the strength of its modern fleet and extensive network of routes.
— AEC News Today/ PR Newswire (media release)

VIB issues 2,800 non-convertible bonds
Three-year bonds in denominations of VND1 billion issued on September 27. The Vietnam International Commercial Joint Stock Bank (VIB) has announced the result of Phase 1 of its bond issuance in 2018.
— Vietnam Insider

Illegally sold prime land plot to be repossessed, auctioned by city
HCMC authorities are set to repossess and auction a 5,000-square-meter plot of prime land that had been sold illegally by local officials.
— VnExpress

Vietnam offers aid to victims of quakes, tsunami in Indonesia
The Vietnamese Government on Tuesday decided to offer US$100,000 in aid relief to help the Indonesian Government and people overcome the consequences of recent earthquakes and tsunami.
— Inquirer.net

Tragedy of errors: Central Highlands farmers peppered with a debt crisis
Farmers’ hopes once climbed high on pepper vines in the Central Highlands; today, they are entangled in debt and misery.
— VnExpress

Agricultural restructure a success
Efficient restructuring of the agricultural sector has brought good results in production and business in the last few months, so the sector expects to gain stronger growth in production and business this year and beyond, said experts.
— Bizhub

Amazon, Alibaba seek Vietnamese sellers
E-commerce giants Amazon and Alibaba are looking to sign up more Vietnamese sellers for their online marketplace.
— VnExpress

Dairy giant seeks new markets to offset local slump
Viet Nam’s biggest dairy firm Vinamilk is eyeing foreign markets in the hopes of offseting the declining growth in the local market.
— Bizhub

South Korea’s SK Group becomes Masan’s largest foreign shareholder
South Korean`s third largest conglomerate will now hold 9.5% stake of Masan Group, which is valued at about US$5 billion.
— The Hanoi Times

A muffled cry for freedom in Vietnam
This year has been dire for Vietnam’s harried and harassed pro-democracy movement, with at least 50 activists jailed and many of them severely sentenced since January.
— Asia Times

Vietnam is the most globalized populous country in modern history
Globalization is going through tough times. The UK’s exit from the EU, the rise of nationalist US president Donald Trump and the escalating trade spat between the US and China are stymieing the progress towards a more connected global economy. International trade as a share of GDP fell from 60% in 2011 to 56% in 2016 in another sign globalization’s ill health.
— Quartz

 

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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