Vietnam Morning News For October 18

Economic committee prepares reports for NA’s coming session
The National Assembly (NA)’s Committee for Economic Affairs commenced a two-day meeting in Da Nang city on October 17 to prepare for verification reports to be submitted to the parliament’s fourth session, slated for later this month.
— VietnamPlus

Vietnam floods killed 83 and more rain on the way
Floods in Vietnam last week killed 83 people and 20 were missing, officials said on Tuesday, with thousands of homes submerged or destroyed and several towns cut off.
— Reuters/Business Insider

BSR to earn $88m via IPO
Bình Sơn Refining and Petrochemical Company Limited (BSR) plans to sell some five to six per cent stake to domestic and foreign investors, collecting estimated revenue of nearly VNĐ2 trillion (US$88 million) through its initial public offering (IPO) in November 2017.
— Viet Nam News

500 workers go on strike in central Vietnam over unreasonable pay
The company switched to paying workers based on the number of products they make, forcing them to work overtime for less money.
— VnExpress

Int’l Observers Update Vietnam Growth Forecasts
International organizations are continuing to show optimistic forecasts about Vietnam’s whole-year growth, with the country remaining one of the region’s top performers thanks to strong production recovery.
— Financial Tribune

Cement, clinker exports set to reach yearly target
Việt Nam generated US$438 million from exporting 13.6 million tonnes of cement and clinker over the past nine months of this year, fulfilling 90 per cent of the yearly target.
— Viet Nam News

More British firms expected to explore Hanoi’s opportunities
An increasing number of enterprises from the UK will come to Hanoi to explore investment opportunities in the future, said British Deputy Ambassador to Vietnam Steph Lysaght.
— VietnamPlus

Viet Nam announces sponsors of APEC 2017 events
As many as 31 sponsors have committed support in kind and cash for APEC Year 2017 hosted by Việt Nam.
— Viet Nam News

Prime Minister congratulates US ambassador on successful term in Vietnam
Prime Minister Nguyen Xuan Phuc received outgoing US Ambassador Ted Osius in Hanoi on October 17, congratulating the diplomat on a successful term in Vietnam.
— VietnamPlus

Hanoi Gift Show boosts export opportunities for craft products
The 2017 Hanoi Gift Show, taking place in Hanoi from October 17 to 20, is expected to provide a good opportunity to promote the export of handicrafts and ethnic items from craft villages in Hanoi and other craft villages nationwide.
— Nhan Dan Online

Vincom eyes US$680m IPO
Vingroup subsidiary Vincom Retail is gearing up for what could be Vietnam’s largest-ever initial public offering (IPO).
— FruitNet

Enhancing capacity to increase links
Vietnam should revise its policy framework, with great importance being attached to increasing the capacity of domestic enterprises, in order to boost the links between domestic and foreign direct investment (FDI) enterprises, amid the increasingly significant contributions of the FDI sector to the national economy.
— Nhan Dan Online

Singapore, Hanoi seek cooperation in digital technology
Singaporean businesses want to cooperate with their Vietnamese counterparts in digital technology to serve industrial development in each country, said President of the Singapore Manufacturing Federation Douglas Foo.
— VietnamPlus

Businesses urged to build corporate culture
Deputy Prime Minister Truong Hoa Binh has urged businesses to develop corporate culture, a factor critical for brand building and sustainable development.
— VietnamPlus

Government urges drastic actions to complete 2017 targets
In a recently issued resolution, the Government said the national economy in January-September grew by 6.41 percent year-on-year. In the third quarter of this year, growth hit 7.46 percent.
— VietnamNet Bridge

Panasonic Donates 1,200 Solar Lanterns to Central Vietnam
Panasonic Corporation donated 1,200 solar lanterns to people in Minh Long, Tra Bong, Son Tay and Bac Tra My districts in Quang Nam and Quang Ngai provinces.
— WebWire

Hanoi’s retail space occupancy rate hits five-year high
Vietnam is forecast to see more growth in the retail segment thanks to rising purchasing power.
— VnExpress

Security flaw prompts fears on Wi-Fi connections
Researcher said the flaw may also allow an attacker ‘to inject ransomware or other malware into websites.
— VnExpress

Ministry calls for clear policies for start-ups
Creating encouraging polices and a clear legal system is crucial to attracting investment to creative start-ups, according to a Ministry of Planning and Investment (MPI) official.
— Bizhub

Automated customs system pilot takes off
The municipal Customs Department on Monday officially started piloting an automated customs management and supervision system of imported and exported goods at the Noi Bai International Airport.
— Bizhub

Hanwha Life Vietnam’s new premium growth at 47%
Hanwha Life Vietnam has taken in VND478 billion ($21 million) in new premiums this year, an increase of 47 per cent year-on-year and taking its market share up 0.4 per cent.
— Vietnam Economic News

Vietnam finance ministry scraps carmaker Vinaxuki’s loan request
The dream of Vietnam’s pioneer carmaker Xuan Kien Auto (Vinaxuki) to revive its former glory has been crushed by the Ministry of Finance after it turned down the company’s request for bank loans.
— Tuoi Tre

Vietnam to draft law protecting transgender rights
Vietnam is looking to draft a law to provide official legal status to transgender people, including those who have undergone sex reassignment surgery and those who have not.
— Tuoi Tre

Vietnam Citronella Oil Global Market 2017- Kanta Group, Van Aroma, Phoenix Herb Company and EOAS
Global Vietnam Citronella Oil Research Report serves as a comprehensive guide to provide the latest Vietnam Citronella Oil industry trends like the growth opportunities, Vietnam Citronella Oil market size, product launch events and market drivers.
— Daily Hover

Vinacapital Vietnam Opportunity Fund Ld (VOF.L) Average True Range Trending Higher
Vinacapital Vietnam Opportunity Fund Ld (VOF.L) shares have seen the Average True Range climb higher over the past 10 sessions, indicating strong momentum potential and increased volatility. At the time of writing Vinacapital Vietnam Opportunity Fund Ld’s 14-day ATR stands at 3.37.
— Dasher Business Review

Feature photo ILO/Nguyen Viet Thanh
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