Vietnam Morning News For June 19

Vietnam Morning News For June 19
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LG, Samsung, Toshiba; Any Brand, Best Price: Trademark Theft in Vietnam – VDO
Want a brand-name air conditioner, but don’t want to pay the cost of a genuine item? That’s not a problem in Vietnam. Simply nip on down to ‘cousin Nguyen’s’ local electrical appliance shop where their motto is any brand, best price.
– AEC News Today

HCM City lures 2.15 billion USD in FDI in six months
Ho Chi Minh City has attracted 2.15 billion USD in foreign directed investment (FDI) in the first half of 2017, doubling the figure in the same period last year, reported the municipal People’s Committee.
– VietnamPlus

VN targets parity between FDI, domestic firms
The need to bring about some degree of parity between foreign-invested and domestic firms while fostering increased linkages was highlighted at the Viet Nam Business Forum held yesterday in Ha Noi.
– Viet Nam News bizhub

Prospects for Vietnam’s aviation industry
After years of difficulties caused by high fuel prices and a changing global political climate, the world aviation industry has recovered and is expected to prosper this year.
– Vietnamnet Bridge

Ho Chi Minh City to name and shame tax-evading Facebook shop owners
A new plan by Ho Chi Minh City tax department looks to name and shame owners of Facebook shops that intentionally evade tax responsibilities.

Vietnam’s aquatic product growth likely to be challenged in 2017
Vietnam’s aquatic sector will likely find it hard to realize the growth target of US$7.4 billion this year given international economic integration, tougher technical barriers by importer nations, and a growing number of competitors.
– Vietnamnet Bridge

Green light turned on for private economic groups
The common characteristic of the private economic groups, as pointed out by many economists, is that they have developed by exploiting natural resources (minerals, land and forest) and receiving preferential treatment compared with other businesses in the same fields.
– Vietnamnet Bridge

PNJ to sell over 9.8mn shares to open 40 stores
The State Securities Commission (SSC) has announced receipt of a registration dossier for the private placement of over 9.8 million shares of the Phu Nhuan Jewelry Joint Stock Company (stock code PNJ), which will fund the opening of 40 new stores.
– Vietnam EconomicTimes

Want a mobile subscription in Vietnam? Say cheese for the camera
Mobile providers in Vietnam now require new subscribers to provide a portrait photo of themselves as well as their personal information in a bid to eliminate spam messages under a regulation issued by the Ministry of Information and Communications.
– VnExpress

Rocky road
Since the crisis in 2012, when total bad debts, mostly in the real estate sector, hit VND280 trillion ($12.5 billion), equivalent to a staggering 11 per cent of GDP, Vietnam’s banking sector has been aggressively restructuring its operations, leadership and loan books in response to the large number of non-performing loans (NPLs) plaguing the industry.
– Vietnam EconomicTimes

Railway law passed, others debated
The third session of the 14th National Assembly (NA) spent the entire yesterday morning discussing the (revised) draft Law on Public Debt Management, for the first time.
– Viet Nam News

Viet Nam looks to accelerate reform
A conference to launch the Viet Nam Annual Economic Report 2017 was held in Ha Noi on Friday, discussing institutional reforms.
– Viet Nam News bizhub

Downtown Saigon streets re-routed for metro construction
A number of streets near Ben Thanh Market in District 1, Ho Chi Minh City have been re-routed to clear the site for the ongoing construction of the city’s first metro line.

Farmers blamed as they suffer falling prices
Farmers, already hit by record low pork prices, are facing a fresh blow with prices for many other agricultural products in the Mekong Delta province of An Giang dropping.
– Viet Nam News

City banks create $5b link-up programme
A banking-enterprises link-up programme in HCM City has enabled 4,138 businesses to borrow over VND124.3 trillion (US$5.5 billion) from banks in the first five months of this year, a conference heard on Friday.
– Viet Nam News bizhub

Little house on the highway: Woman faces eviction in southern Vietnam
Vehicles traveling on a highway running through southern Vung Tau City have been forced to avoid a two-story house that has completely blocked one lane of the road since it was expanded to a planned four lanes in 2007.
– VnExpress

Congestion dogs major port in Ho Chi Minh City
Ho Chi Minh City authorities are struggling to deal with severe congestion inside and outside a highly hectic port considered among the busiest in Vietnam.

“Vietnam has wisely not put all of its eggs in TPP basket”
In framework of Midterm Vietnam Business Forum, 2017 (VBF), numerous think-tanks as well as faces from business organization, companies… contribute ideas for improving Vietnam economy, in climate of international challenges.
– Hanoi Times


Feature photo Dennis Jarvis
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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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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