Vietnam Morning News For October 2

In Vietnam, corruption can mean death. But so what?
Unless the day-to-day corruption that affects the masses is rooted out, any anti-graft drive would be just cosmetic, analysts say.
— VnExpress

Ministry’s historic move eliminates hundreds of business prerequisites
MOIT eliminated 675 business and investment requirements, or 55.5 percent of the total preconditions for 27 business areas. With the move, the number of remaining conditions is 541 instead of the expected 752.
— VietnamNet Bridge

Warburg Pincus, Credit Suisse together hold more than 20% of Vincom Retail
Warburg Pincus and Credit Suisse AG, have converted their preferred stocks, which they held after the $300 million investment into Vincom Retail, to collectively hold 20.22 per cent of the Vietnamese retailer.
— DealStreetAsia

Aboitiz buys 70% of feeds company in Vietnam
Pilmico International Pte. Ltd., a wholly-owned subsidiary of Aboitiz Equity Ventures, Inc., has acquired a 70-percent stake in feeds company Eurofeed for $3.2 million, further expanding the Aboitiz group’s presence in Vietnam’s growing livestock industry.
— Inquirer.net

PM holds policy dialogue with leading private groups
Prime Minister Nguyen Xuan Phuc held a policy dialogue with 14 chairmen and general directors from leading private groups in Hanoi on September 30.
— Nhan Dan Online

HNX raises over 4 trillion VND from Government bonds in September
The Hanoi Stock Exchange (HNX) announced it mobilised over 4 trillion VND (176 million USD) from 16 government bond auctions in September.
— VietnamPlus

VN to reach $70b trade with S Korea
Viet Nam is likely to reach US$70 billion of bilateral trade with South Korea by 2020, an official said at a seminar on export promotion to South Korea held on Friday in HCM City.
— Bizhub

VN, Thai firms promote trade
Vietnamese and Thai businesses have enhanced trade promotion activities in the other country to achieve bilateral trade of US$20 billion by 2020 as targeted by the two governments, a Việt Nam-Thailand Business Matching event heard in HCM City on Friday.
— Viet Nam News

Progress on special zones law to ease investment
Tran Huy Dong, Director General of the DEZM, said the draft law is an important legal framework for the establishment, development, management and operation of three special administrative units: Van Don in Quang Ninh province, Northern Van Phong in Khanh Hoa province and Phu Quoc in Kien Giang province.
— VietnamNet Bridge

Vietnam Airlines aims to transport 25 million passengers in 2018
The national flag carrier, Vietnam Airlines, said that it plans to transport about 25 million passengers in 2018, a rise of 10.8 percent against the previous year’s figure.
— VietnamPlus

High growth expected for VN’s land lot segment
Many experts believe that the land lot segment has received significant attention from investors as evident from the increasing selling price and transaction numbers.
— Bizhub

Banks face charter capital difficulties
State-owned banks are finding it more difficult to increase charter capital, especially when they still have to pay dividends instead of keeping the money for this purpose.
— Bizhub

Expats earn more, save bigger in Vietnam: HSBC
Vietnam may not be the most ideal expat destination, but those who have chosen to move to the Southeast Asian country enjoy healthy incomes that top what they would be making at home, at least according to one HSBC survey.
— Tuoi Tre

Cai Mep-Thi Vai Port needs changes
The Cai Mep-Thi Vai Port Complex has obtained significant investment for its expansion, however, it has still not fully maximised efficiency and capacity, causing wastage of potential and national resources.
— Bizhub

Sacombank Laos opens branch in Savannakhet province
The Saigon Thuong Tin Commercial Joint Stock Bank in Laos (Sacombank Laos) inaugurated a branch in the Lao central province of Savannakhet on September 29.
— Vietnam Times

Hanoi: Consumer price index rises over 3 percent
Hanoi’s Consumer Price Index (CPI) in September posted a month on month rise of over 3 percent as reported by the municipal Statistics Office.
— Nhan Dan Online

Promoting tourism – Lever to develop Vietnam tourism industry
According to experts at the second Vietnam Private Sector Forum (VPSF), promoting tourism is one of the three “bottlenecks” of Vietnam’s tourism sector.
— Vietnam Times

EU, promising market of Vietnamese processed chicken meat
Deputy Minister of Agriculture and Rural Development Vu Van Tam had a working session in Hanoi on September 28 with the Dutch company Jan Zandbergen, and some partners exporting livestock products to the EU.
— Vietnam Times

Vietnam’s manufacturing PMI rises to 53.3 in September
The Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, rose in September, with faster rises in output, new orders and employment on the back of stronger customer demand.
— Nikkei Asian Review

Vegetable, fruit exports estimated at 2.64 billion USD
Exports of fruits and vegetables in the first nine months of the year are estimated at 2.64 billion USD, a year-on-year surge of 44.2 percent, according to the Ministry of Agriculture and Rural Development (MARD).
— VietnamPlus

New roads, bridges boost property sector in HCM City and southern provinces
IMPROVED transport infrastructure has helped to increase real estate activity in Ho Chi Minh City and neighbouring southern provinces, including Long An, Dong Nai and Binh Duong.
— The Nation

Workshop in France spotlights Vietnam’s economy
A workshop on Vietnam’s economy after 30 years of reform was held in France’s central city of Saint-Cyr-sur-Loire September 29 by the friendship association Touraine-Vietnam.
— Nhan Dan Online

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