Vietnam Morning News For October 17

Vietnam Morning News For October 17
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Vietnam morning newsPrime Minister values US Congress’s support to relations with Vietnam
Prime Minister Nguyen Xuan Phuc met with a delegation of US parliamentarians led by Ted Yoho, Chairman of the Asia and the Pacific Subcommittee at the US House Committee on Foreign Affairs, in Hanoi on October 16.
— Nhan Dan Online

Vietnam braces for typhoon Khanun after floods kill 72
Vietnam braced for typhoon Khanun on Monday (Oct 16) after destructive floods battered the country’s north and centre last week, killing 72 people, the disaster prevention agency said.
— Channel NewsAsia

Vietnam to hold second auction of Vinamilk shares next month
Vietnam’s State Capital Investment Corporation, better known as SCIC, is planning to hold a public auction for a more than 3% stake in Vietnam Dairy Products (Vinamilk) on the Ho Chi Minh City stock exchange on Nov. 11.
— Nikkei Asian Review

Vietnamese trust content and brands
Connected consumers in Việt Nam are more trusting than other countries in the region when it comes to their online activities, according to Kantar TNS’s latest Connected Life research.
— Viet Nam News

RE & EE Vietnam 2017: Showcasing renewable energy technologies in SECC, Ho Chi Minh City from 8 to 10 November
Only three weeks to go and Vietnam’s leading renewable energy and energy efficiency exhibition – RE & EE Vietnam will take place at SECC, Ho Chi Minh City, welcoming several international pavilions, including mainland China, the EU, Finland, Germany, Taiwan, SME Tokyo, Singapore and the UK.
— Asia One

Petroleum worth $1.3 billion imported from South Korea
Việt Nam spent US$1.3 billion on importing 2.14 million tonnes of petroleum from South Korea over the past nine months of this year.
— Viet Nam News

Vietnam mulls ways of dealing with strict US anti-dumping duties
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the catfish export turnover to the US in August 2017 was $18.44 million, a sharp fall of 58.5 percent compared with July and 55 percent compared with the same period last year.
— VietnamNet Bridge

Japan’s education firm invests in GPA Việt Nam
Japanese educational service provider ISA Inc. signed an agreement to form a strategic partnership with Golden Path Academics Vietnam Jsc. (GPA) on Monday.
— Viet Nam News

1st Vietnam Coffee Day to be held in Da Lat city
The first Vietnam Coffee Day will be held in central highlands Da Lat city, Lam Dong province from Dec. 9-11, the municipal authorities said on Monday.
— Xinhua

180m shares start trading on UPCoM this week
Nearly 180 million shares of four companies will start trading on the Unlisted Public Company Market (UPCoM) on the Hà Nội Stock Exchange on October 16-20.
— Viet Nam News

Steel sector grows 24 per cent
The local steel sector saw a high growth rate in the first nine months of the year, despite difficulties, said Việt Nam Steel Association (VSA).
— Viet Nam News

HCM City needs 70,000 workers for coming months
A report from the recruiting firm, the Navigos Group, which includes the online recruitment portal VietnamWork and executive search firm Navigos Search, said that several companies were willing to offer bonuses to new employees to compensate for the loss.
— VietnamNet Bridge

Vingroup’s retail unit launches up to $713 million IPO, Vietnam’s largest: report
A total of 380.22 million shares are offered in an indicative range of $1.63-1.79 each.
— VnExpress

PPC sees profit surpassing target
Phả Lại Thermal Power Joint Stock Company (PPC) in the northern province of Hải Dương earned some VNĐ881 billion (US$38.7 million) in pre-tax profit in the first nine months of this year, exceeding target by 22 per cent.
— Viet Nam News

Be active in responding to and seizing opportunities in Industry 4.0
As the 4th Industrial Revolution (Industry 4.0) gathers pace, Truong Gia Binh, Chairman of the Board of Directors of FPT Corporation – a Vietnamese technology giant, has shared his thoughts with Nhan Dan Monthly on the storming revolution that FPT is embracing with a pioneering spirit.
— Nhan Dan Online

Code of corporate conduct for Vietnamese firms introduced
A code of corporate conduct and ethics for Vietnamese firms was launched during a forum on corporate culture in HCM City on October 15.
— VietnamPlus

Vincom set to raise up to $680m in record Vietnam IPO
Vietnam’s stock exchange is preparing for its biggest initial public offering after bankers selling mall operator Vincom found a way around a technical restriction that prevented big IPOs in the past.
— Financial Times

MoIT suspends competitive power generation market
The Ministry of Industry and Trade (MoIT) has recently issued a decision temporarily suspending Vietnam’s competitive power generation market from October 1 until further notice.
— Vietnam Economic Times

H&M to open Hanoi store in November
Hennes & Mauritz (H&M) has announced it will officially open its second Vietnam store, in Hanoi on November 11, two months after opening its first, in Ho Chi Minh City.
— Vietnam Economic Times

Vietnam’s budget revenue up 13.9 pct in 9 months
Vietnam’s state coffer collected around 843 trillion Vietnamese dong (37.3 billion U.S. dollars) in the first nine months of this year, surging 13.9 percent on-year.
— Xinhua

Vietnamese firms balance wage disparity with ample bonuses
According to the latest survey by Mercer and Talentnet, the annual base salary at foreign companies in Vietnam tends to be 29 per cent higher than at domestic firms.
— VietnamNet Bridge

Vietnam picks top private players to advise on private sector development
Vietnam has appointed top executives of its leading private sector firms to head a newly established private sector development committee.
— DealStreetAsia

Participation of foreign petrol retailer heats up competition
Idemitsu Q8, a joint venture between Japan’s Idemitsu and Kuwait Petroleum International Ltd, opened its first petrol station on October 5 at Thang Long Industrial Park in Ha Noi’s Dong Anh District.
— VietnamNet Bridge

HCM City, Toronto ink deal to boost cooperation
Ho Chi Minh City and the Canadian city of Toronto signed an agreement on enhancing their administrations’ friendship and cooperation on October 16.
— VietnamPlus


Feature photo ILO/Nguyen Viet Thanh
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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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