Vietnam Morning News For October 12

Vietnam’s defense ministry requests tighter management of drones
Vietnam’s Ministry of National Defense has suggested tightening management over the use of camera drones throughout the country.
— Tuoi Tre

Budget revenue hits 70% of target
State budget revenue in the first nine months of the year totaled VNĐ843 trillion (US$37 billion), up 13.9 per cent year-on-year and equivalent to 69.5 per cent of the annual target.
— Viet Nam News

Floods caused by tropical depression kill 15 in Vietnam
Floods triggered by a tropical depression in Vietnam have killed 15 people and left eight others missing.
— Business Standard

Vietnam Airlines may launch direct service to U.S. in late 2019
Speaking to the Daily, Thanh said those carriers wanting to operate direct flights to the U.S. would have to meet this country’s aviation standards.
— VietnamNet Bridge

Online portal launched for Vietnamese start-ups
The municipal People’s Committee on Tuesday officially launched StartupCity.vn – a start-up ecosystem, which is expected to connect start-ups with international firms, thus creating new jobs.
— Viet Nam News

Vietnam to streamline political system
The 12th Communist Party of Vietnam Central Committee wrapped up its sixth meeting on Wednesday in Hanoi capital, emphasizing the importance of renewing and rearranging the apparatus of the political system towards a streamlined one with efficient and effective operation, highlighting this as a fundamental and urgent task to build and re-organize the party.
— Xinhua

What will Vietnam’s seafood industry do if it receives yellow card from the EU?
Ngo Viet Hoai, deputy general director of Ba Ria – Vung Tau Seafood Processing & Import/Export Company, said if the EU gives a yellow card warning, 100 percent of seafood containers to be exported to the EU will be subject to inspection in terms of fishing sources.
— VietnamNet Bridge

VIP Infrastructure offloads 11.3 million CII shares
Singapore-based VIP Infrastructure Holdings Pte Ltd has completed the sale of 11.3 million shares of HCM Infrastructure Investment JSC (CII), reducing its ownership from 8.76 per cent to 4.17 per cent.
— Viet Nam News

Imprisoned activist in Vietnam has tumors all over her body
A land activist imprisoned in Vietnam for over seven years is in failing health, says her brother who claims she has not been allowed to phone family members because she refuses to plead guilty of charges made against her of attempting to overthrow the state.
— UCA News

Danish Crown grows south-east Asia presence
With economic growth in south-east Asia continuing, the Danish Crown Group has announced that it is establishing a head office for the region.
— GlobalMeat News

Middle East huge potential market for Vietnamese agricultural products
Economic experts are calling the Middle East, with its 16 countries and 400 million people, a huge potential market for Vietnamese agricultural products.
— Fresh Plaza

City calls for investment in 133 development projects
Ho Chi Minh City calls for investment in 133 projects, including 73 transport infrastructure development projects, 21 urban refurbishment and resettlement schemes, 11 education projects and seven flood reduction plans.
— Nhan Dan Online

Southern Ben Tre province targets 5,000 firms by 2020
The southern province of Ben Tre has targeted to open 500 new firms each year, bringing the total number of enterprises to 5,000 by 2020.
— VietnamPlus

HCM City wants investment in transport infrastructure, hi-tech industry
Ho Chi Minh City prioritises investment in green hi-tech industries, urban development and transport infrastructure, said Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen at an investment promotion conference held in the city on October 11.
— VietnamPlus

South Korea likes Vietnamese squid and octopus
South Korea continues to be the Number 1 importer of squid and octopus from Vietnam, accounting for 34 per cent of total exports, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
— Vietnam Economic Times

Vietnamese Banks Make A Digital Wallet Push
A little under a month ago, Samsung Pay—one of the world leaders in mobile payments systems—made its debut in Vietnam.
— Payment Week

New regulations on banking guarantees for home purchases
The State Bank of Viet Nam has issued a circular to amend Circular No 07/2015 on bank guarantees.
— Bizhub

Yamanashi Prefecture seeks partnerships in HCM City
Japan’s Yamanashi Prefecture, which hosts popular tourism sites and diverse agribusiness, wants to connect with potential partners in Ho Chi Minh City for mutual benefit and development, said Governor Goto Hitoshi.
— VietnamPlus

Alibaba chairman Jack Ma to speak at e-payment forum in Hanoi
Now in its third year, the forum is the country’s biggest e-payment event.
— VnExpress

Bad debt stands at 2.51 percent in late July
The banking sector’s total bad debts stood at 2.51 percent as of the end of July 2017, falling from 2.55 percent at the end of 2015, according to a report by the State Bank of Vietnam (SBV) to the National Assembly.
— VietnamPlus

Bao Viet shares experience in sustainable development goals
Bao Viet shared its experience in deploying sustainable development goals at the Vietnam Corporate Sustainability Forum 2017 (VCSF) on October 10.
— Vietnam Economic Times

CJ Group acquires majority stake in units of Vietnamese logistics firm Gemadept
A unit of Seoul-based food and entertainment conglomerate CJ Group has acquired majority stake in two shipping and logistics subsidiaries under Vietnamese logistics firm Gemadept Corp.
— DealStreetAsia

CPF welcomes Ambassador of Vietnam
]Nguyen Hai Bang, Ambassador of the Socialist Republic of Vietnam to the Kingdom of Thailand, welcomes Sooksunt Jiumjaiswanglerg (second from left), CEO – Agro Industrial Business and Co-President of Charoen Pokphand Foods Pcl.
— The Nation

Feature photo ILO/Nguyễn ViệtThanh
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