Vietnam morning news for February 15

Vietnam morning news for February 15

Vietnam morning news

Vietnam to include underground economy in GDP data in 2020
Prime Minister Nguyen Xuan Phuc has approved a scheme to measure non-observed economic activity in Vietnam, with data beginning to be released in 2020.
— Nhan Dan Online

Ministry to support domestic automobile industry projects
The Ministry of Industry and Trade (MoIT) will implement solutions to support and promote the automobile industry projects of companies such as Truong Hai Automobile Company (Thaco), Thanh Cong Group, VinFast and others.
— VietnamPlus

Cambodia and Vietnam agree to drop import duties
Trade ties between Cambodia and Vietnam were strengthened on Wednesday following a meeting between high-ranking commerce officials in which both countries agree to drop tariffs on a number of goods.
— Khmer Times

Directorate for Roads to start examining toll collection
The Directorate for Roads of Vietnam (DRVN) is planning an investigation into toll collection activities of the State-run Vietnam Expressway Corporation (VEC) on all highways over concerns of a lack of transparency.
— VNA NET

Cashew industry pain set to continue: experts
The average price of cashew has inched up on the global market this year, but the Vietnamese processing industry continues to face challenges.
— Bizhub

Vietnam sets higher target on catfish export earnings in 2019
Vietnam has set a target of reaping some 2.4 billion U.S. dollars from exporting tra fish or shark catfish, a common kind of catfish, this year, posting a year-on-year rise of around 9 percent.
— Xinhua

Woodwork industry reach $10 billion, but VN could earn even more
Vietnamese woodwork enterprises aim to increase their competitiveness in the global value chain, but they face a number of challenges.
— Vietnam Insider

Huawei remains ‘confident’ of winning Vietnam 5G deals
Huawei Technologies believes it stands a good chance of being chosen to supply 5G network equipment to Vietnam’s mobile carriers, the Chinese company’s local chief executive said in an interview.
— Nikkei Asian Review (paywall)

Cybersecurity solutions for small businesses: an untapped market
Cybersecurity solution providers are mostly targeting large corporations, ignoring small and medium sized enterprises (SMEs), which are also facing security problems.
— Vietnam Insider

Ha Noi eyes QR codes to trace food
The capital city has granted management account codes to nearly 2,000 agricultural product enterprises to boost the use of QR codes to trace product origins.
— Bizhub

Vietnam to focus on 5 key scientific projects
Deputy Prime Minister Vu Duc Dam yesterday had a meeting with more than 70 scientists who are taking part in the 5 major scientific projects in Vietnam.
— Vietnam Insider

Property firms opt for bonds as bank loans dry up
Last month, property developer Vingroup unveiled plans to sell 20 million non-convertible bonds at VND100,000 (US$4.39) each in two phases without any covered warrants or guaranteed assets.
— VietnamNet Bridge

Vietnam ‘most successful’ Southeast Asian stock market: PM
Vietnamese stock markets have outperformed other Southeast Asian nations in capital mobilization, says PM Nguyen Xuan Phuc.
— VnExpress

Retailers should use tech to meet customers’ needs
The boom in digital technologies in recent years has speeded up the evolution of the retail industry and changed buying habits. Lê Th? Thùy Trang, director and head of retailer vertical at Nielsen Vietnam, speaks to Vi?t Nam News reporter Xuân Huong about the status of the industry, its trends and more.
— Viet Nam News

Vietnam ‘hits its stride’ as more shippers and logistics players enter the market
The US-China trade war is set to accelerate the shift of manufacturing to Vietnam this year.
— The loadstar

HCMC wants first metro line finished in 2020
Ho Chi Minh City wants its first metro line’s trial run to take place by October next year despite funding and personnel challenges.
— VnExpress

Vietnam’s M&A deals reach record high of US$9.9 billion in 2018
Merger and acquisition (M&A) deals in Vietnam were reported to hit US$9.9 billion in 2018, rocketing 160% from a year earlier, according to Nguyen Van Toan, vice chairman of Vietnam’s Association of Foreign Invested Enterprises (VAFIE).
— VietnamNet Bridge

Vietnamese firms join world’s largest food, beverage fair in UAE
Twenty Vietnamese enterprises will showcase their products at the 24th edition of Gulfood – the world’s largest annual food & beverage trade exhibition – in Dubai, the United Arab Emirates, from February 17-21.
— VNA NET

FLC Group ventures into healthcare business with new hospital
Vietnamese business conglomerate FLC Group Thursday began building a VND3.72 trillion ($159.78 million) international hospital.
— VnExpress

Streamlining conditions for foreign investment
Further improvements in requirements for overseas investors to invest in Vietnam are continuing to manifest. Manfred Otto, senior associate at Duane Morris Vietnam LLC, outlines what lies ahead for the country in terms of both legal challenges, and possible solutions.
— VietnamNet Bridge

Vietnamese authorities to probe Grab-Uber deal again
Vietnam’s authorities plan to conduct further investigations into the merger of Grab and Uber last year over possible antitrust regulations violations, said the Ministry of Industry and Trade on February 13.
— VNA NET

More industrial parks to be built in Hai Phòng
Five or six more industrial parks were expected to be built in the northern port city of Hai Phòng, according to head of the municipal Economic Zone Authority (HEZA) Pham Van Mai.
— Viet Nam News

Gold prices surge on God of Wealth day
Gold prices witnessed a significant increase on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year.
— Bizhub

A rare boat cruise through tea estate islands in Vietnam
A range of green tea islands situated on a small peninsula on the country’s border is slowly getting better known among tourists.
— VnExpress

Tra Vinh looks to attract more investors
The Mekong Delta province of Tra Vinh has welcomed representatives of seven domestic and foreign firms to learn about the investment and business environment and regulations related to business registration in the locality in the first days of the Lunar New Year.
— VNA NET

Vietnam rolls out plan to prevent, ontrol bird flu for 2019-2025
Vietnamese Prime Minister Nguyen Xuan Phuc has unveiled a national plan on bird flu prevention and control for the 2019-2025 period, Vietnam News Agency reported on Thursday.
— Xinhua

Good morning, Vietnam! Inside the world’s next great golf destination
In another setting, an SUV emblazoned with giant flaming golf balls might not cause a stir. But on the honeycombed streets of Hanoi, swarmed by motorbikes and rickshaws, and shadowed by ornate imperial pagodas, it stands out like a pushcart at a NASCAR race.
— Golf.com

Displaced Families in Vietnam’s Loc Hung Community Accept Compensation
A majority of the families displaced by the January demolitions in Ho Chi Minh City’s Loc Hung Vegetable Garden settlement are accepting compensation from Vietnamese authorities, officials said on Thursday.
— Radio Free Asia

Soc Trang VFF Committee mobilizes nearly 34.5 billion VND for the poor
The Vietnam Fatherland Front (VFF) Committee of the Mekong Delta province of Soc Trang mobilized nearly 34.5 billion VND (1.48 million USD) for the poor last year, 300 percent of its yearly target.
— VNA NET

SOCO International shares drop on Vietnam reserves downgrade
SOCO International plc (LON:SIA) shares were down 4% in Thursday’s deals after a downgrade to its reserves in Vietnam.
— Proactive Investors

 

Feature photo Asian Development Bank
This week’s Malaysia morning news feature photo acknowledges International Day of Women and Girls in Science, February 11. 

 

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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