Vietnam Morning News For March 17

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.

China upset at high Vietnam tariffs on steel imports
The Ministry said effective March 22, 2017, it will impose a 21.3% border tax for a period of one year followed by a 19.3% and 17.3% tax for years two and three to take effect on March 22, 2018 and March 22, 2019, respectively.
— VeitNamNet Bridge

EU-Vietnam Free Trade Agreement – Market Access Overview
n 2nd December 2015, after nearly 3 years with 14 rounds of negotiations, President Donald Tusk, President Jean-Claude Juncker and Prime Minister of Viet Nam Nguyễn Tấn Dũng announced the conclusion of the negotiations of the EU-Vietnam Free Trade Agreement (EVFTA).
— Mondaq

Gold up, dollar down in unusual VN reaction
The Federal Reserve’s decision on Wednesday to increase interest rates by 0.25 percentage points – to what is now between 0.75 to 1 per cent – has pushed down the Việt Namese đồng-US dollar exchange rate and elevated domestic gold prices in accordance with global market movements.
— Viet Nam News

VN footwear makers unfazed by TPP demise
Việt Nam’s leather and footwear industry will maintain its strong growth even if the TPP does not materialise, the Việt Nam Leather, Footwear and Handbag Association (Lefaso) has said.
— Viet Nam News

China, Vietnam Agree to Develop Military Ties
Beijing, Mar 16 (Prensa Latina) China”s National Defense Minister, Chang Wanquan, and Vietnam”s People”s Army commander, Pham Hoai Nam, have agreed to develop relationships between their armies, official sources reported here.
— Prensa Latina

Vietnam to Facebook, YouTube: Drop Dead
Fake news isn’t only a U.S. problem. Vietnam is calling on companies in the country to stop running advertisements on Facebook Inc. (FB), Alphabet Inc.’s (GOOG) YouTube and other social media networks until they get a handle on so-called fake news and what it called “toxic” anti-government news and information.
— Investopedia

Xiaomi enters Vietnam via local distributor
Chinese smartphone vendor inks partnership with Vietnamese ICT reseller, Digiworld, which will distribute, market, and provide customer support for Xiaomi products in the country.
— Zd Net

Expanding and developing tourism markets to Vietnam
According to the General Statistics Office, Vietnam received more than 2.2 million foreign visitors in the first two months of this year, an increase of 33% compared to the same period last year.
— VietNamNet Bridge

Serbia looks to boost political, economic ties with Vietnam
According to the Serbian government, Dacic said that political relations between the two countries are “traditionally good, with a high degree of mutual trust and support in the most important issues.”
— B92

Japan helps Vietnam with IT training
Japan will step up cooperation to train information technology (IT) engineers for Vietnam in the coming time, said Gen Narui, chairman of the Japan Linux Association.
— VietNamNet Bridge

Vietnamese agencies to inspect, remedy problems mentioned by Japanese firms
Japan External Trade Organization (Jetro) hosted a talk between Japanese enterprises and Vietnamese agencies about export import problems and food safety and hygiene standards yesterday, when agency representatives directly responded to some mentions by the enterprises and said that relevant ministries would immediately inspect and remedy other problems in HCMC.
— Saigon

City urges to improve online public services
At the conference, the Information and Communications Department reported the number of citizens and enterprises has used the public services in the recent time.
— Saigon

Economic restructuring outcomes remain modest: report
Economic restructuring outcomes so far remain modest and have yet to create favourable conditions to shift to a good growth model, according to the 2016 Vietnam economic report of the National Economics University.
— Vietnam Plus

Online public service for agricultural sector launched
The Ministry of Agriculture and Rural Development (MARD) on Wednesday launched its portal https://dvc.mard.gov.vn providing online information on administrative procedures.
— Viet Nam News

VN-Index slips, awaits Fed results
Shares dropped slightly yesterday on the HCM Stock Exchange as investors remained cautious ahead of the results of the US Federal Reserve (Fed) meeting.
— Viet Nam News

Rice prices fall in India; stable in Vietnam, Thailand
Rice prices in India and Vietnam advanced while Thai prices dropped due to a weaker baht, traders said on Thursday.
— Zawya

Companies complain high trade costs at Haiphong port
Import-export companies complain high trade costs for using infrastructure from shipments at Haiphong port.
— Hellenic Shipping News

Give Trade a Chance: Russo-Vietnamese Ties Promise ‘Excellent Opportunities’
Total trade turnover between Russia and Vietnam is due to reach a record ten billion dollars annually by 2020, according to Russian Deputy Prime Minister Yury Trutnev.
— Sputnik News

Asia Coffee-Supply low in Vietnam, expected to pick up in Indonesia
Discounts for Vietnamese coffee tightened this week on lower stockpile while the market is expected to be more robust in Indonesia as supplies rise when an upcoming harvest season starts, traders said on Thursday.
— The Times of India

China on track to become Vietnam’s largest pangasius importer
The Chinese market has recently accelerated imports of both shrimp and pangasius from Vietnam, said Vo Hung Dung, director of the Vietnam chamber of commerce and industry in Can Tho City, and general secretary of the Vietnam pangasius association, Vietnamnet reported.
— Under Current News

Feature photo: Huỳnh Mai Nguyễn

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Vietnam morning news is published M-F by AEC News Today: Governance, not government; policies not politics.

Vietnam Morning News For March 17 added by Leakhena Khat on March 17, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.