Vietnam Morning News For September 22

A purge too far in Vietnam?
A mounting internal purge has unsettled Vietnam’s typically sedate Communist Party-dominated politics, as an unresolved factional power struggle for supremacy plays out in unusually colorful ways.
— Asia Times

GMS ministerial meeting plans for future
In collaboration with the Asian Development Bank (ADB), the Ministry of Planning and Investment (MPI) organised the 22nd GMS Ministerial Conference in Ha Noi on Wednesday, celebrating 25 years of “economic cooperation, acknowledging the achievements of a programme that has created a strong bond of openness, mutual trust, and shared commitment”.
— VietnamNet Bridge

Tax on income from bank savings proposed
The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.
— Viet Nam News

Vietnamese shipping companies running massive losses
Notably, according to the report of the Ministry of Transport (MoT), parent company Vinalines currently has three projects operating with heavy losses.
— VietnamNet Bridge

Japanese solenoid factory inaugurated in Ha Nam
Vietnam TDS Co. Ltd., a subsidiary of TDS Co. Ltd of Japan, on September 21 inaugurated a solenoid factory in Dong Van 2 Industrial Park in Duy Tien district of northern Ha Nam province.
— VietnamPlus

Asia Coffee -Vietnamese farmers start early harvest, Indonesia muted at harvest-end
Coffee farmers in Vietnam have started early harvesting but trade is still muted in both Indonesia and Vietnam due to weak demand and low supply, traders said on Thursday.
— Times Of India

US investment in Vietnam expected to make breakthroughs
Procter&Gamble (P&G), a US consumer goods corporation which has been in Vietnam since 1995 with initial registered capital of 360 million USD, has three factories in the country.
— VietnamNet Bridge

Vietnam ships first batch of dragon fruit to Australia
The first batch of Vietnamese dragon fruit has been exported to Australia by the Hoang Phat one-member Ltd Co in the southern province of Long An, announced the Ministry of Agriculture and Rural Development and Long An authorities on September 20.
— Nhan Dan Online

Banks face new Red Alert
The Authority of Information Security (AIS) on Wednesday released an official document warning financial institutions and commercial banks of a malicious code Red Alert 2.0 on Android-powered devices.
— Viet Nam News

Korea firm to build plane parts plants in VN
Hanwha Techwin Company Limited, a subsidiary of the Republic of Korea’s Hanwha Group, held a ground breaking ceremony for the first of three planned aviation engine parts plants in Ha Noi’s Hoa Lac Hi-tech Park on Thursday.
— Bizhub

Mobile commerce fails to take off with Vietnamese consumers
But hardly anyone uses their mobiles for buying something at a store, Do Thang Hai, deputy minister of the MOIT told an audience at a recent conference in Hanoi discussing the lack of development of mobile commerce in the country.
— VietnamNet Bridge

Russian food and beverages introduced to Hanoi customers
Russian Gastro Week opened in Hanoi on September 21, bringing together more than 50 leading businesses from Russia that operate in agricultural processing, food and beverages.
— Nhan Dan Online

Solutions for achieving growth with limited budget
Certainly, it was not by accident that at a seminar organised by the Ministry of Planning and Investment yesterday (September 19, 2017) quite a number of speakers mentioned the government’s recent proposal to raise taxes and fees during a panel discussion on “Realising Growth Targets in the Context of Limited Budget Resources.”
— VietnamNet Bridge

Fitch: VN’s resolution not quick fix for NPL issues
The Resolution 42/2017/QH14 on piloting the bad debt settlement of credit institutions, which took effect mid last month, could remove some of the legal impediments to effective loan resolution.
— VietnamNet Bridge

Vietnam’s import of machines up 33%
South Korea has overtaken China to become the largest supplier of machinery, equipment, tools and spare parts to Viet Nam, with a turnover of $7.67 billion, up 112.4 per cent over the same period last year, the ministry said.
— VietnamNet Bridge

Darco, InfraCo Asia team up for projects in Vietnam
Mainboard-listed Darco Water Technologies and InfraCo Asia Development have teamed up for four municipal water-treatment projects in Vietnam on a Design, Build, Own and Operate (DBOO) model.
— The Straits Times

Tech dreams live or die on startup battlefields
The prize was $50,000 and a spotlight that could mean publicity and investor cash.
— VnExpress

Vinamilk eyes 51 trillion VND in revenue in 2017
The Vietnam Dairy Products JSC (Vinamilk) has said that its revenue is expected to reach 51 trillion VND (2.24 billion USD) in 2017.
— VietnamPlus

Sumitomo begins building Thang Long Industrial Park III
Japan’s Sumitomo Corporation broke the ground for the construction of its third Thang Long Industrial Park (TLIP III) in Vietnam in the northern province of Vinh Phuc on September 21.
— VietnamPlus

Feature photo ILO/Nguyen Viet Thanh
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