Vietnam Morning News For October 20

Vietnam Morning News For October 20
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Vietnam morning newsVietnam sees 5 sectors of opportunity: report
Business process outsourcing, solar and wind energy, luxury hotels, modern agribusiness and food, and retail banking are five sectors with tremendous room for growth in Vietnam, PricewaterhouseCoopers, multinational professional services network, stated in its latest report.
— Xinhua

Uber launches first partner support center in Vietnam
Uber officially launched the largest partner support center in Vietnam, called Greenlight Hub, in Hanoi on October 19.
— Vietnam Economic Times

CPV chief urges HCM City to achieve stronger growth
General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong has urged Ho Chi Minh City to be proactive in gaining support and assistance from other sectors for its stronger growth.
— VietnamPlus

Helsinki networking for Finnish businesses in Vietnam
Get in touch with Vietnamese students in the central areas from 13:00 – 16:00, in Haaga-Helia Auditorium, Pasila Campus. This event is free of charge.
— ScandAsia

The ‘small kings’ in Vietnam stock market
By the end of September 2017, the number of listed stocks had reached 1,400, being traded on three bourses in Vietnam. The number of listed companies is on the rise and are from all fields of the economy.
— VietnamNet Bridge

Việt Nam lacks renewable energy infrastructure
As renewable energy becomes a stronger global trend, it is still a nascent industry in Việt Nam, with great potential for growth, especially in solar energy.
— Viet Nam News

Rice prices up in India, Vietnam as rains dampen crop supply
India’s 5 percent broken parboiled rice prices edged up by $4 to $404-$407 per tonne as heavy rainfall in key growing regions is expected to delay harvesting.
— Money Control

Vietnamese sugar industry faces threat from falling import tariffs
Vietnam’s obligation to cut sugar tariffs will open up opportunities for its neighbours while placing considerable pressure on its struggling domestic sugar industry.
— Food Navigator

Vietnam shifts away from agriculture
The economic structure in Vietnam’s rural areas has been transformed in the past five years, with fewer people working in the agriculture, forestry and fishery sectors and more in construction, industry and services, according to the 2016 national census on rural areas, agriculture and fishery.
— Fresh Plaza

FPT to support PetroVietnam’s oil exploitation unit in digitalising
Technology group FPT signed an agreement with PetroVietnam Exploration Production Corporation (PVEP) on research and development for new technologies in oil exploration and exploitation on Tuesday.
— Viet Nam News

Petrovietnam scandals lay bare stalling state-sector reforms
Vietnam has been enjoying the highest levels of economic growth in the Association of Southeast Asian Nations, but efforts to reform state-owned enterprises — a key to further expansion — seem to be going nowhere.
— Nikkei Asian Review

ITO conference promotes Vietnam as attractive IT destination
The Vietnam Information Technology (ITO) Conference 2017 kicked off in Ho Chi Minh City on October 19, aiming to introduce Vietnam as an attractive destination for IT services that is comparable to leading countries in the world.
— VietnamPlus

Robusta prices buoyed by Vietnam’s rain, cocoa also climbs
Robusta coffee futures on ICE rose to a four-week high and the nearby premium widened on Thursday as rain in Vietnam looked set to delay the harvest.
— Reuters/Times of India

Top 50 IT firms of Vietnam earn over 930 mln USD in revenue
The top 50 information technology (IT) companies of Vietnam in 2017 has total revenue of over 20.67 trillion VND (936 million USD) and employ over 35,500 people, according to the Vietnam Software and IT Services Association (VINASA).
— VietnamPlus

OVs give advice to HCM City’s hi-tech agriculture development
Nearly 100 overseas Vietnamese (OV) experts, intellectuals and entrepreneurs in agriculture have given advice to Ho Chi Minh City in developing hi-tech farming during a conference in the city on October 19.
— VietnamPlus

VN Index lifted by construction, healthcare, retail firms
Shares edged higher on the HCM Stock Exchange on Thursday morning, driven by the construction, healthcare services and retail sectors.
— Bizhub

Fear grows over power price hike as Vietnam halts competitive generation market
A decision by the Ministry of Industry and Trade this week to halt Vietnam’s competitive power generation market has raised concerns that electricity prices will rise as a result.
— Tuoi Tre

Eye industry 4.0 to attract FDI: Experts
It’s time Viet Nam shift its attention to quality and sustainable development and eye industry 4.0 technologies to attract foreign direct investment (FDI), experts said at an online dialogue on FDI promotion strategies organised on Tuesday in Ha Noi.
— Bizhub

APEC FMM set to convene in Hội An
The APEC Finance Ministers’ Meeting and related meetings (FMM) will begin on Thursday in the ancient city of Hoi An, the central province of Quang Nam, chaired by the Vietnamese Ministry of Finance (MoF).
— Bizhub

​Da Lat farmer grows vegetables in air
A Da Lat man has outplayed his peers to become the Central Highlands city’s first-ever farmer to successfully adapt a soilless cultivation method that grow plants suspended in the air.
— Tuoi Tre

Obstacles hinder the switch to E5 biofuel
There are only two months left until January 1, 2018, the date set for the nation to switch from RON A92 petrol to bio-fuel E5, but the plan is facing problems.
— Bizhub

Toyota Motor Vietnam announces Toyota Classics 2017
Toyota Motor Vietnam (TMV) held a press conference on October 18 in Hanoi to introduce its annual music series, Toyota Classics 2017, with performances from the Vietnam Performing Arts Centre under the Department of Performing Arts, with support from the Ministry of Culture, Sports, and Tourism.
— Vietnam Economic Times

​Conference paints dark picture of Vietnam’s public debt
A conference in Hanoi on Wednesday drew a bleak picture of Vietnam’s national debt, with experts urging that action be taken to stop the ‘mountain of government debt’ from piling up.
— Tuoi Tre

Product safety and compliance required in global supply chains
Product safety, responsible sourcing, compliance, and transparency are the backbone of successful and respected supply chains and were all discussed at the American Apparel & Footwear Association (AAFA)’s 2017 Product Safety and Compliance Conference.
— Vietnam Economic Times

The Future of Green Buildings in Vietnam
Vietnam’s rapid urban population growth is a catalyst for an increased housing demand, resulting in a decade-long boom for the building and construction industry.
— Lexology

Hyundai Vinashin launches d’Amico LR1 trio
Milan Stock Exchange listed d’Amico International Shipping (DIS) today launched the first three LR1 (long-range) vessels in its history in a ceremony at the Hyundai Vinashin shipyard in Vietnam.
— Marinelog

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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