Vietnam Morning News For August 10

Vietnam Morning News For August 10
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Vietnam morning newsVietnam’s industrial park occupancy rate reaches almost 73%
The occupancy rate of 223 industrial parks (IPs) currently in operation in Vietnam has reached 73%, according to a report released by the Ministry of Planning and Investment.
— Nhan Dan

Vietnam seeks windfall selling $7-billion brewery in slices
Vietnam’s plan to sell its Saigon Beer Alcohol Beverage Corp. stake in tranches may help the government extract the best price after the brewer’s market value surged to $7 billion.
— Business Mirror

Hanoi targets parts supply growth
Hanoi needs more favourable policies to boost the parts supply industry, experts said at a recent conference on developing the industry in the capital.
— VietnamPlus

Sneaky Chinese buyers swaying Vietnam’s pepper prices
According to the Vietnam Pepper Association (VPA), the pepper market has witnessed fluctuations of between 10-20 percent in pepper prices since late July.
— VietnamNet Bridge

Countdown begins for Vietnam’s ITE HCMC
Countdown begins for the Vietnam’s largest international travel expo – International Travel Expo Ho Chi Minh City (ITE HCMC) 2017 – taking place on 7 – 9 September at the Saigon Exhibition & Convention Center (SECC).
— ftn News

Feature: Hanoi’s first staffless chain store promotes social goodwill
Those passing by Nguyen Van Cu Street in Vietnam’s capital city of Hanoi cannot help noticing a small shop sitting under the shade of old trees.
— Xinhua

Japan gives exposure to foreign students and artists
Kazuo Inamori, founder of Japan’s global business Kyocera believes that exposure to different cultures is important to the growth of a child from his own personal experience overseas when he was younger.
— ABP Live

HCM City launches 9th ICT Awards
The HCM City Department of Information and Communications on Wednesday announced the launch of the 9th Information and Communication Technology Awards.
— Viet Nam News

VN shares tumble on global tension
Vietnamese shares tumbled on Wednesday on both local markets as investors triggered large-scale sell-offs following rising tension between the US and North Korea and false news about the arrest of a former banker.
— Viet Nam News

Japan’s Nidec to sell factory automation robots
Japanese electronic parts maker Nidec will offer factory-automating robots and systems as soon as this year, targeting domestic manufacturers seeking labor-saving measures amid a worker drought.
— Nikkei Asian Review

De.mem completes sale of water treatment plant in Vietnam
De.mem, a Singapore-based water and waste water treatment firm, has sold a water treatment plant in Kim Lien Commune, Nam Dan district, Nghe An province to a local Vietnamese company Hung Thanh Environment Investment Joint Stock Company for approximately $400,000.

FBCCI urges Vietnam to invest more in BD
The country’s apex trade body has urged the visiting Vietnamese delegation to invest more in Bangladesh considering the present business-friendly environment here.
— The Financial Express

Rice to riches: Vietnam’s shrimp farmers fish for fortunes
Vietnam’s rice basket is now also home to a multi-billion-dollar shrimp industry and burgeoning numbers of farmers are building fortunes from the small crustaceans.
— VnExpress

Google’s firing of memo writer strikes nerve in Silicon Valley
A Silicon Valley culture war pitting liberal-leaning tech firms against a small conservative cohort took on new intensity after Google fired a male engineer for a memo that decried the company’s commitment to hiring women.
— VnExpress

Is the trade deficit with South Korea a concern for Vietnam?
China remains Vietnam’s biggest supplier of goods, but South Korea has the highest growth rate of exports to Vietnam. In the first six months of the year, Vietnam imported $22.5 billion worth of products from South Korea, an increase of 51.2 percent over the same period last year.
— VietnamNet Bridge

Starbucks to re-sell Da Lat reserve coffee
Due to its limited quantity, Da Lat coffee could be supplied only for a short time. It stopped selling early last year when the 2016 coffee crop did not meet the Starbucks’ quality standards.
— VietnamNet Bridge

Ministry prepares plan for restructuring service sector
According to the ministry, the service industry posted relatively higher growths than other sectors between 2011 and 2016 and continued to be the economy’s driving force.
— VietnamNet Bridge

Da Nang seaside resort real estate attractive to investors
Seaside resort real estate has become a hotspot for investors in the recent two years in the central city of Da Nang, said the property service group CBRE Vietnam on August 9.
— VietnamPlus

Over 500 businesses attend food, beverage exhibition
More than 500 businesses from 20 countries and territories are taking part in the 21st International Exhibition on Food & Processing & Packaging Technology in Ho Chi Minh City from August 9-12.
— VietnamPlus

Vietnam first carries out robotic surgery for liver cancer
Doctors at Binh Dan Hospital in Ho Chi Minh City have successfully performed a robotic surgery for patients with liver cancer. This is the first robotic surgery for liver cancer conducted in Vietnam.
— Vietnam Economic Times

KIDO to sell 14.8% of frozen food subsidiary.
The KIDO Group Corporation (KDC) has announced that it will sell 14.8 per cent of its subsidiary KIDO Frozen Food (KDF), or 8.288 million shares, to strategic partners and employees.
— Vietnam Economic Times

Skechers shoes arrive in Vietnam
Skechers shoes are now available in Vietnam, with the Viet Tien Garment Joint Stock Corporation (VTEC) agreeing to a franchise arrangement with a US partner.
— Vietnam Economic times

Fibre, yarn exports surge over last 7 months
The nation’s fibre and yarn exports reached 750,000 tonnes, worth more than US$1.85 billion over the past seven months, surging 17 per cent in volume and 26.5 per cent in value against the same period last year.
— Bizhub

Latest Bphone 2017 introduced
The Bkav Corporation officially introduced the Bphone 2017, the second version of its Bphone, the first made-in-Viet Nam smartphone, on Tuesday.
— Bizhub

Malaysia holds 18 Vietnamese sailors for illegal fishing
The Malaysian Maritime Enforcement Agency (MMEA) arrested 18 Vietnamese fishermen for alleged illegal fishing activities on Monday, The Star reported on Wednesday.
— VnExpress

Historic church in Vietnam destroyed by fire
Catholics in a northern diocese of Vietnam were shocked to see a fire destroying one of the oldest churches in the country.
— UCA news


Feature photo ILO in Asia and the Pacific 
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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