Vietnam Morning News For June 21

Vietnam Morning News For June 21

Vietnam morning news

Eleven VN brands appear on Asia’s Top 1000 list
Eleven Vietnamese brands appear in the list of Asia’s Top 1000 this year, according to the annual Asia’s Top 1000 Brands survey, the region’s most comprehensive research on consumer brand perception, presented by Campaign Asia-Pacific and based on an exclusive survey conducted by Nielsen.
Viet Nam News Bizhub

Vietnam’s inflation projected to drop to below 3 percent in 2017
Market research firm MarketIntello has forecast that Vietnam’s inflation may fall to below 3 percent, lower than the rate of 3.8 percent it predicted last month.
VietnamNet Bridge

Vietnam visa exemption for visitors from 12 APEC member economies
Vietnam announced visa waiver programs for visitors from nine APEC economies bilaterally, and from three others unilaterally.
Vietnam Times

Domestic, foreign firms eye online retail sector
Online retail is expected to continue increasing, as domestic and foreign retail companies are planning to invest heavily in this field.
Viet Nam News Bizhub

PV Power to invest in nine gas power projects
PetroVietnam Power Corporation (PV Power) is preparing to implement the construction of nine gas-fired power plants with total output of 5,250MW, PV Power general director Nguyen Xuan Hoa said.
Viet Nam News Bizhub

Vinacomin requested to sell coal stockpile, cut rates
The Vietnam National Coal Mineral Industries Group (Vinacomin) must cut costs to become competitive and find buyers for its stockpile of 9.3 million tonnes of coal, Prime Minister Nguyen Xuan Phuc’s working group said.

Petroleum price plunges
The domestic retail price of petroleum fell by VND862 to touch VND16,504 per litre as of 3pm on Tuesday, the Ministry of Industry and Trade (MOIT) said.
Viet Nam News Bizhub

Taking Vietnamese products to foreign markets via store chains
Vietnamese exporters are using foreign central buying agencies to introduce their products to market abroad.

Foreign firms eye VN cosmetics
With double-digit growth annually, Viet Nam has a promising cosmetics industry for foreign firms seeking to expand overseas, experts have said.
Viet Nam News Bizhub

FDI enterprises invested 100% on cellphones in Vietnam
Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which, or 34.2 billion USD, made by FDI enterprises.

Railway upgrade aims to win back passengers
Viet Nam Railways Corporation Chairman Vu Anh Minh tells Tuoi tre (Youth) that the sector plans to facilitate private investment towards improving its products and services.
VietnamNet Bridge

Saigon’s overloaded airport to get $88 million stop-gap upgrade
The Airports Corporation of Vietnam has announced a fund worth VND2 trillion ($88 million) for the expansion of Tan Son Nhat, the country’s biggest airport, this year.

Vietnamese lawmakers back new tourism fund, reject controversial hotel surcharge
Vietnam’s legislative body, the National Assembly, on Monday passed several amendments to the Law on Tourism but rejected a controversial proposal for a hotel surcharge on foreign guests.

Vietnam’s rice granary endangered by water shortage
The weaker water flow towards the downstream Mekong River has caused drought in The Mekong Delta, affecting the livelihood of millions of people in the area.
VietnamNet Bridge

Biotrade initiative to develop natural ingredient sector in Vietnam financed
On June 20, the BioTrade SECO project organized the Vietnam Project Launching Ceremony of the Regional BioTrade Project South East Asia.

Vietnam’s steel exports face tough trade barriers
Steel manufacturers are facing bigger barriers, trade remedies and measures to restrict imports from major markets. However, exports are expected to reach $3 billion this year.
VietnamNet Bridge

Gov’t raises depositor compensation
The maximum insurance payable to a depositor for all deposits in an insured organisation will be raised to VNĐ75 million (US$3,289) from VNĐ50 million with effect from August 5.
Viet Nam News

Uniqlo may be heading to Vietnam
Japanese fashion retailer Uniqlo has held a recruitment event in Vietnam, hinting at a pending launch in the country, according to Inside Retail Asia.
Vietnam Times

Co-workplace developer Toong raises funding from Indochina Capital
Việt Nam-based investment fund Indochina Capital will invest in the Toong co-working space and become a major shareholder of the collective workspace operator, the two sides said in a joint statement on Monday.
Viet Nam News

Experts, entrepreneurs to join VN business development forum
The Vietnam Business Development Forum 2017 will be held on June 22 by the Economy and Forecast Review, run by the Ministry of Planning and Investment.
Viet Nam News Bizhub


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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