Vietnam Morning News For October 6

Vietnam Morning News For October 6
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Vietnam morning newsSME transparency a must for loans: experts
Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on Thursday.
— Bizhub

Foreign investors shun properties with bank debt
It is expected that from now to the end of 2017, VAMC will settle VND23-25 trillion worth of bad debt, or 10 percent of the amounts of bad debt it is holding.
— VietnamNet Bridge

Facebook puts business before dissent in Vietnam
Facebook is evangelizing to fledgling cyber entrepreneurs in Vietnam about the glories of doing business online, a bid to strengthen the social media giant’s already firm grip on the country’s digital market.
— Asia Times

Vietnamese Gov’t Favors More Private Participation in the Economy
Vietnam activated a plan aimed at applying the resolution of the 5th Plenary of the Communist Party”s Central Committee to make the private sector an important booster of the national economy.
— Prensa Latina

Government issues action plans to implement Party resolutions
Accordingly, the Government defines five key tasks to implement Resolution 10-NQ-TW, the first of which is to complete uniform and consistent mechanisms and policies, thus creating a safe, low-risk environment for investment and business, with a view to attracting private investment and ensuring a healthy and equal competition environment for the private sector in accordance with the market mechanism.
— VietnamNet Bridge

PV Power increases shares sold to public
PetroVietnam Power Corporation (PV Power) will sell 20 per cent of its shares at its initial public offering (IPO) in late November or early December, Vietnam News Agency reported on Wednesday.
— Viet Nam News

Gemadept sells majority stake in two subsidiary firms
In a filing with the HCM Stock Exchange on October 3, Gemadept said it sold a 50.9 percent stake in Gemadept Shipping Holding Co Ltd and 50.9 percent of its shares in Gemadept Logistics Holding Co Ltd to CJ Logistics on October 1.
— VietnamNet Bridge

UOB launches Business Banking service for SMEs
Singapore’s United Overseas Bank (UOB) has launched a Business Banking service dedicated to help small businesses in Việt Nam grow their business.
— Viet Nam News

Vietnam’s economy accelerates in nine months
Vietnam’s economy witnessed positive changes in the first nine months of 2017 with growth increasing from quarter to quarter, according to Director General of the General Statistics Office (GSO) Nguyen Bich Lam.
— VietnamPlus

Int’l woodworking expo to open in Vietnam’s HCM City
The 2017 Vietnam International Woodworking Industry Fair (VietnamWood) will be held here on Oct. 18-21, with the participation of over 320 firms from about 25 countries and regions.
— Xinhua

Vietnam: LienVietPostBank in talks for 25% strategic sale, JoomlArt acquires Gavick
In a bid to raise more operational capital, Vietnam’s mid-size lender LienVietPostBank is selling a 25 per cent equity interest to a foreign strategic investor.
— DealStreetAsia

​Vietnam bad debt management firm ready to meet 2017 target
The Vietnam Asset Management Co (VAMC), a central bank-run firm formed to deal with bad loans, has met 60 percent of its target for 2017 and is actively working to resolve the remaining 40 percent of its goal by year end.
— Tuoi Tre

Can Tho to begin exporting rice to Iran
Can Tho City expects to export its first batches of rice to Iran in the last quarter of 2017, Huynh Trung Tru, deputy director of the city’s Department of Industry and Trade, said.
— Bizhub

Further fee cuts needed to support firms
The Việt Nam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance’s proposed fee cuts was a positive move, but stronger cuts or even abolishments were needed to support businesses.
— Viet Nam News

Japanese firm to build 10-mln-USD factory in Vinh Phuc’s IP
Tsuchiya TSCO Vietnam Co., Ltd has entered a land lease contract with Thang Long Industrial Park (TLIP III) in the northern province of Vinh Phuc to set up a 10-million-USD facility.
— Vietnam Times

Vietnamese Business Association in Australia helps boost economic ties
The Vietnamese Business Association in Australia (VBAA) has made great contributions to boosting economic cooperation between the two countries, affirmed Vietnamese Ambassador to Australia Ngo Huong Nam at a recent working session with the VBAA’s Melbourne chapter.
— VietnamPlus

Vietnam Enterprise Investments Limited (VEIL.L) CMF Pushes Into Positive Territory
Vietnam Enterprise Investments Limited (VEIL.L) shares have moved above the Chalkin Money Flow zero line, indicating potential buying momentum for the shares.
— Wall Street Review

40 foreign investors join race for IDICO shares
Forty foreign institutional investors have joined the race for shares of the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) at the firm’s initial public offering (IPO).
— Viet Nam News

Vietnam, Germany cooperate in vocational training for farmers
The outcomes of a cooperation project on vocational training between the Vietnam Farmers’ Union (VFU) and the German Farmers’ Union (DBV) were reviewed at a seminar in Hanoi on October 5.
— Nhan Dan Online

JMC for PTA leading to FTA between Pakistan, Vietnam
The Joint Trade Commission, Thursday, pressed on Pakistan and Vietnam to start working towards a mutually beneficial trade agreement i-e a Preferential Trade Agreement (PTA) leading to Free Trade Agreement (FTA).
— Pakistan Observer

Bulgarian diplomat receives friendship insignia
Bui Khac Son, VUFO Vice President, gave the honour to Ambassador Stoytchev at a ceremony held in Hanoi on October 5.
— VietnamNet Bridge

Vietnam-EAEU FTA gives a boost to economic, trade ties
The Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA) has created a strong momentum for economic and trade ties among the signatories, said EAEU diplomats.
— Nhan Dan Online

 

Feature photo Asian Development Bank
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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