Vietnam Morning News For September 26

Bank Case Reveals Vietnam’s Continued Corruption Problems
The Vietnamese Ministry of Public Security recently began investigating three companies under the state-owned gas and oil group PetroVietnam.
— VOA

4.0 industrial revolution yet to make impact on Vietnam’s textile & garment industry
Many notice boards about the recruitment of garment workers have been installed on Highway No 5, from Quan Goi crossroads to Hai Duong City.
— VietnamNet Bridge

Stocks end mixed on investor caution
Vietnamese shares were mixed on Monday with low trading liquidity as investors remained unsure of the stock market’s prospects.
— Viet Nam News

Vietnam bullish on state divestment but slow pace dampens sentiments
Vietnam has marked 2017 as an important point in the timeline for its privatisation process by announcing a number of major disinvestments.
— DealStreetAsia

Vietnam, Hungarian businesses seek cooperation opportunities
Vietnamese and Hungarian businesses had a chance to step up their cooperation in such areas as information-technology and high-tech agriculture at a forum in Hanoi on September 25.
— VietnamNet Bridge

Fight against corruption requires accountability mechanisms
Lưu Bình Nhưỡng, a permanent member of the NA Commission for Social Affairs, speaks to the newspaper Kinh tế & Đô thị (Economic and Urban Affairs) on imperative of feasible strategies to win the fight against corruption.
— Viet Nam News

PM pledges favorable conditions for US investors
The Vietnamese Government always creates favorable conditions for foreign investors, including those from the US, said Prime Minister Nguyen Xuan Phuc at a reception for President of the US’s Harbinger Capital Partners LLC Philip Falcone in Hanoi on September 25.
— VietnamPlus

SHB offers new preferential package to SMEs
The Saigon Hanoi Commercial Joint Stock Bank (SHB) recently announced that it will launch a VNĐ2.5 trillion (US$109.9 million) credit package with preferential interest rate from 6.5 per cent per year for small- and medium-sized enterprises (SMEs).
— Viet Nam News

Encouraging household businesses to switch into enterprises
It is the people’s inalienable right to choose a business model, therefore the government can only encourage, and cannot use administrative orders to force, household businesses to convert into enterprises, said To Hoai Nam, Vice Chairman of the Vietnam Association of Small and Medium-Sized Enterprises (VINASME).
— Nhan Dan Online

Labor quality is big problem for Vietnam: reports
Nguyen Van Thuat from NCIF (National center for Socio-economic information and forecast) said that Vietnam has 43 million people in the labor force do not have technical qualifications (79.1 percent) and only 11.3 million are trained workers (20.9 percent).
— VietnamNet Bridge

WIPO supports innovation in VN
Nearly 70 universities, research institutions, businesses and innovation supporting agencies are participating in a five-day National Advanced Training Programme on Successful Technology Licensing that began on Monday in HCM City.
— Viet Nam News

Carlsberg, Habeco deal set for November
A deal that allows global brewer Carlsberg to increase its stake in Vietnam’s second largest brewer Habeco could be finalized in November.
— VietnamPlus

Two Vietnamese fishermen dead in Philippine navy chase
Two Vietnamese fishermen were found dead and five others arrested after a sea chase ended in a collision in Philippine waters at the weekend, authorities said Monday.
— The Nation

Cash remains king in Vietnam
Even though the majority of employees are paid via bank transfers, most still prefer physical banknotes in their pockets.
— Vietnam Times

Ho Chi Minh City market bustling with Mid-Autumn Festival lanterns
While the Mid-Autumn Festival market in Ho Chi Minh City is typically inundated with cheap Chinese lanterns, this year’s market is alive with a wide array of locally-made products.
— Tuoi Tre

Over 30 million underprivileged families get preferential loans
Over 30 million underprivileged households in Việt Nam received loans from the Việt Nam Bank for Social Policies (VBSP) last month, the bank’s latest report showed.
— Viet Nam News

Vietnamese dragon fruit on Australian shelves
Vietnamese dragon fruit went on sale at Australian grocery stores, from September 24, after nine years of negotiations, following lychees and mangoes.
— Nhan Dan Online

ASEAN reps endorse VN East Sea code proposal
ASEAN foreign ministers have endorsed a proposal by Deputy Prime Minister and Foreign Minister Phạm Bình Minh for the ASEAN-China Summit in November to issue an official statement on the start of negotiations over a Code of Conduct for the East Sea.
— The Nation

Vietnam Customs holds dialogue with European businesses
The General Department of Vietnam Customs held a dialogue with European businesses in HCM City on August 30 to help clear customs issues of their concern, especially customs revaluation.
— Viet Nam News

Feature photo World Bank/ Le Thi Xuan Nghiem
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.