Vietnam Morning News For October 23

Vietnam’s Central Bank Says It’s Able to Keep Currency Stable
Vietnam’s central bank said record-high foreign reserves will enable it to keep the currency stable for the rest of the year as the government focuses on boosting growth in the Southeast Asian economy.
— Bloomberg

Vietnam is among best-growing stock markets
The continued increase of the VN Index (which has exceeded the 800 point threshold), the continued purchase of foreign investors and the accelerated state’s disinvestment from big corporations will create sustained growth in the market, according to Pham Luu Hung from the Saigon Securities Incorporated (SSI).
— VietnamNet Bridge

Apec members must ensure growth improves people’s lives: Vietnam PM
Apec member economies must ensure that growth in their countries improves people’s lives, even as they work to keep economic recovery on track in the Asia-Pacific, Vietnam Prime Minister Nguyen Xuan Phuc told the region’s finance ministers.
— The Straits Times

Sweden sees Vietnam as potential market for its eco-friendly wood materials
Sweden’s wood materials industry sees Vietnam’s wood processing industry as a potential market for its eco-friendly, competitive and sustainable materials, speakers at a seminar said.
— Nhan Dan Online

Crab farming in Vietnam’s southern tip
Viet Nam’s southernmost tip Năm Căn District in Cà Mau Province has earned a reputation as home to some of the finest female crabs in the country. The district’s crab farms are not only the go-to place for crab farmers in the Mekong Delta but also farmers nationwide.
— VietnamNet Bridge

Forum seeks to promote export of Vietnamese pork
The ‘Vietnam Pork Export Promotion Forum 2017’ was held for the first time in Hanoi on October 20 with the aim of seeking solutions to problems during the export of Vietnamese pork.
— Nhan Dan Online

Samsung aims to increase VN vendors to 50 by 2020
In June, Samsung held a Sourcing Fair at Samsung’s plant in the northern province of Bac Ninh.
— VietnamNet Bridge

Ben Thanh Market – a Saigon shopping heaven where haggling rules
Ben Thanh Market is undoubtedly the most famous market in Ho Chi Minh City, especially for foreign tourists who quickly realize that never-ending haggling makes the venue a no-go for the faint of heart.
— Tuoi Tre

Ho Chi Minh City inks tourism deal with 3 Mekong Delta provinces
Ho Chi Minh City and the three Mekong Delta provinces of Long An, Tien Giang and Dong Thap have signed an agreement to develop a “one journey, three destinations” tourism package.
— Tuoi Tre

Honda Vietnam makes bank on Vietnamese motorcycle market
2016 was a very successful year for Honda Vietnam, Vietnam’s largest motorcycle company, as its after-tax profit officially exceeded the billion-dollar mark.
— VietnamNet Bridge

CP’s sustainable sourcing policies to also cover its business partners
CP VIETNAM CORPORATION is extending its sustainable sourcing policy and guidelines to cover all business partners, hoping the collaboration will enhance their potential and competitiveness and underpin their responsibility to society and environment under the goal towards sustainable growth.
— The Nation

A market for broken heart mementos
While many people keep old flames burning in their hearts while nursing scarred souls, there are others stuck with physical objects – jewelry, books, clothes or other souvenirs – painful reminders that they’d rather not have around. Now there’s a place to get these vestiges out of one’s life forever. An Vũ reports.
— Viet Nam News

VN exports rise nearly 20% in first 9 months
VIETNAM’S total import-export turnover in the first nine months of the year reached more than US$308.3 billion (Bt10.22 trillion), posting a 21.3 per cent year-on-year increase, according to the nation’s General Department of Customs.
— The Nation

METALEX Vietnam attracts record number of industrial visitors
The recently concluded METALEX Vietnam in HCM City received more than 12,500 professional visitors who came to source new technologies and seek business opportunities.
— Viet Nam News

Electronics group to focus on social responsibility
A coalition of electronics companies organised to promote socially responsible labour practices launched in Hà Nội on Friday.
— Viet Nam News

Vietnam Int’l Motor Show 2017 to display luxury yachts
The Vietnam International Motor Show 2017 (VIMS 2017) will open at the Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City on October 25, with the participation of 13 auto, motorbike and yacht brands.
— VietnamPlus

Khanh Hoa beverage firm to join UPCoM
The Hanoi Stock Exchange has approved the listing of Khanh Hoa Sanest Beverage Company on the Unlisted Public Company Market (UPCoM).
— VietnamPlus

A series of military enterprises to be equitised
The Ministry of Defence said that only 17 military enterprises will have 100% of State-owned capital while 29 others will be equitised and 20 joint-stock military firms will be divested.
— Nhan Dan Online

Vietnam, US seek stronger financial cooperation
Vietnam expects the US to accelerate the ratification of an agreement on double taxation avoidance and facilitate negotiations for a governmental agreement on cooperation and assistance between customs agencies, said a high-ranking official.
— VietnamPlus

As quick as they can
The rise of e-commerce has been accompanied by increasing numbers of rapid delivery providers.
— Vietnam Economic Times

Fueling concern
After delaying previous deadlines, the Ministry of Industry and Trade (MoIT) has decided to replace sales of RON92 gasoline with E5 biofuel from January 1, 2018. “This represents an attempt by the government to ‘kill two birds with one stone’, protecting the environment and saving two ethanol plants – Binh Phuoc and Dung Quat,” said Mr. Phan The Rue, Chairman of the Vietnam Petroleum Association (VPA).
— Vietnam Economic Times

Deputy PM promotes investment in Quang Ngai province
Deputy Prime Minister Trinh Dinh Dung spoke at a conference on Friday in Quang Ngai Province on investment and development cooperation, intended to introduce investors to the area in hopes of attracting further socio-economic development.
— Bizhub

Improve policy framework to promote consumer finance
Consumer finance has significant room for growth in Viet Nam, however it is essential to improve the policy framework to ensure efficiency, transparency and sound operation of the financial system and the whole economy, heard a conference in Ha Noi on Thursday.
— Bizhub

VinaCapital’s Vietnam Opportunity Fund invests $11m in Orient Commercial Bank
VinaCapital’s flagship fund, Vietnam Opportunity Fund (VOF), has invested approximately $11 million in Orient Commercial Bank (OCB), a mid-tier retail bank, for an interest of less than 5 per cent.
— DealStreetAsia

ICAV – friendship bridge between Argentina and Vietnam
NDO/VNA – The Argentina-Vietnam Culture Institute (ICAV) has well performed its role as a bridge for the friendship between the two countries since it was established 20 years ago.
— Nhan Dan Online

Feature photo ILO in Asia and the Pacific
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).

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