Vietnam Morning News For December 7

Vietnam struggling to force Internet giants to pay local taxes
Industry insiders and experts are calling on the government to rewrite local tax rules to force major Internet companies to pay tax on profits they make from the Vietnamese market.
— Tuoi Tre

Wind energy could grow 7% a year in Vietnam
Experts at a wind energy workshop on Tuesday recommended sustainable solutions for development of the wind power sector in Việt Nam.
— The Nation

Vietnam tuna exports exceed yearly target
The Vietnam Association of Seafood Exporters and Producers (VASEP)’s target of 524 million USD in tuna exports for the year has been completed early as the figure already hit 541 million USD as of November.
— VietnamPlus

More than 200 audits to be conducted in 2018
More than 200 audits will be conducted in 2018, focusing on State budget use, according to a plan from the State Audit Office of Vietnam (SAV).
— VietnamPlus

CIMB makes digital banking foray n Vietnam
CIMB Group Holdings Bhd is making a push into digital banking in Southeast Asia, starting with Vietnam, as Malaysia’s second-biggest bank by assets seeks to expand in the region without swelling costs.
— The Star Online

New framework sets Việt Nam-ILO cooperation
Việt Nam’s Decent Work Country Programme for the 2017-21 period has been launched in Hà Nội, focusing on employment, social protection and labour market governance.
— Viet Nam News

Vietnam’s Central Highlands Region: Strategic Investment Opportunities
The Central Highlands have long been a strategic economic, political location in the history of Vietnam.
— Vietnam Briefing

Cross-border e-commerce benefits Vietnamese SMEs
Vietnamese small-and medium-sized enterprises (SMEs) are focusing more and more on international trade via e-commerce.
— VietnamPlus

The Investment Climate in Bac Ninh
In the last 20 years, Bac Ninh province in the Northern Key Economic zone has grown from an agricultural community to a major industrial center with the second-highest per capita income and one of the highest economic growth rates in the country.
— Vietnam Briefing

Vietnam: FPT Retail’s IPO launch set for December 15
FPT Digital Retail JSC is set to launch its initial public offering (IPO) on December 15 on the HCM Stock Exchange, the Vietnam News reported.
— DealStreetAsia

Viet Nam: ideal destination for South Koreans to live and work
It’s a late afternoon on a recent Saturday and a store in the Phu My Hung urban area in HCM City’s District 7 is filled with customers from South Korea, looking for new clothing and shoes.
— Bizhub

Abbott now holds nearly 52% of Domesco
CFR International SPA transferred nearly 17.95 million shares in the Domesco Medical Import-Export JSC (DMC) to Abbott Laboratories (Chile) Holdco SpA, a subsidiary of Abbott Laboratories in the US, on December 4, according to Vietnam Securities Depository (VSD).
— Vietnam Economic Times

Retail petrol prices kept stable
The retail prices of RON 92 petrol and E5 bio-fuel remained unchanged at VND18,580 (81 US cents) and VND18,243 per litre, respectively, at 3pm on Tuesday after continuous increases in recent months.
— Bizhub

Japan – attractive destination for Vietnamese firms: JETRO
The Japan External Trade Organisation (JETRO) recently held a press conference in Hanoi to introduce Japan as an attractive investment destination to Vietnamese businesses.
— VietnamPlus

NMDC to sign MoU with Vietnam firm
According to Masan’s website, the company produces 6,000 tonnes of tungsten a year from Nui Phao mine.
— The Asian age

Boom of fast fashion in Vietnam
Vietnamese apparel manufacturers need to embrace the opportunities to meet the growing global fast fashion trends and from which to make breakthroughs, according to experts in the field of textile and garment.
— VietnamNet Bridge

Korean investors enjoy much success in Việt Nam
Korean Kim Heung Soo, CEO of Daekwang Maika Co., Ltd based in HCM City and Daekwang Apparel JSC in Bình Dương Province, said he had been in Việt Nam for almost 25 years and his business is “very good.”
— Viet Nam News

World Dream cruise ship delivers 3,600 luxury tourists to Vietnam
World Dream, a member of the Genting Group-owned Dream Cruises company, docked at the southern port of Tan Cang Cai Mep in Ba Ria-Vung Tau Province on Tuesday, before commencing its first-ever commercial trip in Vietnam.
— Tuoi Tre

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