Vietnam Morning News For May 5

Vietnam Morning News For May 5
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Vietnam morning news

Lotte gets approval for $884m Smart City
Korean conglomerate Lotte Group got the go-ahead from the HCM City People’s Committee on Wednesday to develop the Thủ Thiêm Eco Smart City in District 2.
— Viet Nam News

Vietnam remains destination for investors
Up to 78 percent of businesses have been positive about Vietnam’s economy, according to a survey on the private equity (PE) sector conducted by Grant Thornton Vietnam, which provides assurance, tax and advisory services.

Recruitment demand for mid-level and senior-level staff in Vietnam increased by 73% during the first quarter compared to the same period last year, according to data from executive search service Navigos Search.
— Staffing Industry Analysts

VN prepares domestic trade strategy
A strategy is being developed to promote domestic trade by 2025 with a vision to 2035.
— Viet Nam News

Vietnam’s top leader dispatches anti-corruption task forces ahead of key gathering
Vietnam’s Communist Party chief Nguyen Phu Trong has set up eight special task forces to oversee the handling, investigation and trial of major corruption cases across the country on the eve of a major meeting of senior Party members this week in Hanoi.

PMI records slight April decline
The Purchasing Managers’ Index (PMI) of Việt Nam dipped to 54.1 in April, a slight decline from March’s 22-month high of 54.6, reported Nikkei on Wednesday.
— Viet Nam News

PM Nguyen Xuan Phuc asks for detailed plans to achieve set targets
The PM made the request during the monthly government meeting in Hanoi on May 4 which discussed the socio-economic performance in April and the first four months of this year as well as specific measures to ensure that economic growth targets for the remaining quarters and the whole year are met.

Vietnam busts Asia Live Tech-powered gambling site ibet789
Vietnamese authorities have broken up an illegal online gambling ring they claim handled wagers worth hundreds of millions of dollars.

Leukemia medicine dumped after red tape holds up clearance process in Vietnam
A Ho Chi Minh City hospital was forced to jettison nearly 20,000 pills used to treat leukemia in 2015 after prolonged customs procedures and pharmaceutical checks.

Viet Nam among top countries for internationalised domain name distribution
There are currently about one million Vietnamese domain names issued and Viet Nam is among the top countries in terms of internationalised domain name distribution in the world, according to Government portal
— Viet Nam News biz hub

Vietnam gears up for 11th Eco-products International Fair
EPIF 2017 to focus on future-proofing productivity and sustainable industrial development initiatives in member countries. Includes a three-day parallel conference on Action for the Future and Moving toward a Virtuous Circle for Sustainable Development. Scientific Workshop on Applications of Environmentally Friendly Technologies in Waste Treatment to be held 12 May 2017.
— Asia One

Inspections set for massive aluminum stockpile in Vung Tau
Following instructions from Deputy Prime Minister Trinh Dinh Dung, officials from the Ministries of Industry and Trade, Finance, and Planning and Investment will verify the origin and purpose of the aluminum stockpile in Vung Tau city in mid-May.

VN objects to China’s East Sea ban
Việt Nam adamantly opposes and rejects China’s unilateral ban on fishing in the East Sea from May 1 to August 16, Foreign Ministry spokesperson Lê Thị Thu Hằng told the media at a regular press conference yesterday.
— Viet Nam News

Banks report high profits in first quarter
Many commercial banks posted positive business performances in the first quarter of the year, earning high profits.
— Viet Nam News

Vietnam to work with TPP members on future orientations: Foreign Ministry’s spokesperson
“Vietnam considers its entry to Trans-Pacific Partnership (TPP) and free trade agreements as one of the steps to execute the policy of active and proactive integration into the extensive world economy,” she said.

Vietnamese scientists reluctant to register inventions
Phung Minh Hai from Niptex (National Institute of Patent and Technology Exploitation), said that Vietnam only had 661 patents in the last 33 years, from 1982 to 2015.

Sands of time: VN faces severe shortage
Poor planning and management of sand mining has led to a stunning but unsurprising warning: Việt Nam is very likely to run out of sand in less than 15 years.
— Viet Nam News

Dong Nai earns $5.2b from exports till April
The southern province of Dong Nai shipped goods worth US$5.2 billion abroad from January to April, up 12.8 per cent from the same period last year.
— Viet Nam News biz hub

Cyber defense alone not enough
In 2011, the global entertainment network of a major Japanese technology enterprise was compromised and hackers managed to steal 77 million user accounts.


Feature photo Monica Volpin
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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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