Vietnam Morning News For September 20

Vietnam Banking Sector Still Not Corruption Free
As Vietnam begins reign-in red-tape and divest its extensive, state-owned enterprise (SOE) holdings, increasing attention is being focused on their corporate governance.
— AEC News Today

MoIT to reveal list of gas traders
Viet Nam’s Ministry of Industry and Trade (MoIT) has recently announced a list of eligible exporters, importers and distributors of gas.
— Viet Nam News

Foreign detergent brands corner market, but local brands still thrive
Several years ago, the domestic detergent market was the playing field for the two big players – Unilever and P&G. However, since 2012, the appearance of Vietnamese brands has changed the situation.
— VietnamNet Bridge

Growth slows down as investors sell shares
Shares maintained an upward trend on the two exchanges on Tuesday morning but growth slowed as a few investors began to sell shares to realise profits.
— Bizhub

Typhoon damages 1,000 hectares of cash crops in Vietnam
Typhoon Doksuri has killed eight people and injured 28 others in Vietnam’s central region by Saturday noon, according to provincial flood and storm prevention bureaus.
— Fresh Plaza

Vissai Cement to launch eco-friendly packages
Vissai Cement Corporation, part of Vissai Group, officially launched the QuickFill® Clean (QFC) eco-friendly cement paper bags on Monday at the Vissai Ninh Bình cement plant.
— Viet Nam News

Index begins Vietnam exposure plan with ancient Hoi An
Index Creative Village Plc, the country’s largest event organiser, is ramping up exposure in Vietnam with a plan to use Hoi An city in Quang Nam province in central Vietnam as a springboard to expand business…
— Bangkok Post

Vietnam’s 127 wish-listed projects fail to attract foreign investors
In April 2014, the Vietnamese government issued a list of 127 projects in various industries.
— VietnamNet Bridge

Da Nang foreign investment surges
The central city has attracted 43 new foreign direct investment (FDI) projects worth 60 million USD in the first eight months this year, 4.6 times the amount in the same period last year, vice director of the the municipal Investment Promotion and Support Agency, Nguyen Ky Anh said.
— VietnamPlus

In Vietnam, imported feed material outdoes domestic produce
Vietnam has been spending big on imported animal feed and several types of agro-products for fodder production, mounting enormous pressure on domestic produce.
— Tuoi Tre

Well-known café chains beat retreat from Vietnam
On July 20, 2016, after finally closing the last outlet in Metropolitan in downtown Ho Chi Minh City, New York Dessert Coffee (NYDC), a European-American style coffee and desserts chain officially bid goodbye to Vietnamese customers via Facebook and promised to “come back someday.”
— VietnamNet Bridge

VN’s financial leasing potential
Financial leasing institutions are the lastest solution to resolve capital shortages of local businesses, especially small- and medium-sized enterprises (SMEs).
— Viet Nam News

After TPP, Vietnam searches for other trade avenues
Though global trade growth is on the wane and protectionism walls are up in some areas, Vietnam is still in good position to overcome the trade slowdown, with potential to further boost manufacturing and room to grow the services sector.
— VietnamNet Bridge

Overseas remittances under downward pressure
Nguyen Hoang Minh, deputy director of the State Bank of Vietnam (SBV)’s Ho Chi Minh City brand, said that in the first eight months of 2017, remittance flows into Ho Chi Minh City through official channels was $3 billion, a growth of 5 per cent on-year. For the first half of 2017, the city’s overseas remittances were $2.1 billion.
— VietnamNet Bridge

Van Don to get 220 million USD resort complex
Van Don, a rural district of Quang Ninh province in the northeastern region of Vietnam, may soon see a 5 trillion VND (220 million USD) resort complex.
— VietnamPlus

A year of huge success for Shopee Vietnam
hopee, the leading e-commerce platform in Southeast Asia and Taiwan, has become the most popular shopping application in Vietnam after one year of launching.
— VietnamNet Bridge

Policies and mechanisms needed to improve business environment: experts
It is necessary to develop facilitative policies and mechanisms and create a favourable business environment for enterprises to achieve the set target of 6.7% economic growth this year, experts have suggested.
— Nhan Dan Online

Hau Giang calls for investment in 7 projects
The southern province of Hau Giang is calling for total investment of some US$300 million in seven projects, with more than 6,500ha of land expected to be leased.
— Bizhub

Opportunities abound for Vietnamese & Chinese enterprises
Ms. Doan Thi Thu Thuy, Deputy Director of the Vietnam Trade Promotion Agency, tells VET’s Hai Van about cooperation between enterprises from Vietnam and China.
— Vietnam Economic Times

Vietcombank named best bank in Vietnam by Alpha Southeast Asia
Vietcombank has been named the best bank in Vietnam in 2017 by Alpha Southeast Asia (Alpha SEA) magazine.
— Nhan Dan Online

KIDO Food to trade on UPCoM by end of month
KIDO Food, the frozen food arm of the KIDO Group Corporation (KIDO), will trade on the Unlisted Public Company Market (UPCoM) by the end of this month, with 56 million shares trading under the code KDF.
— Vietnam Economic Times

In Vietnam, new graduates accept unskilled jobs to earn ‘fresh money’
For most of Vietnam’s fresh graduates, life after their university graduation is much tougher than those four years of being a student.
— Tuoi Tre

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.