Vietnam Morning News For September 27

Vietnamese economy to grow 6.3 pct this year: ADB
Vietnam’s gross domestic product (GDP) is projected to grow 6.3 percent in 2017, compared with the target of 6.7 percent set by the country’s top legislature and government, and to grow 6.5 percent in 2018, the Asian Development Bank (ADB) representatives said here Tuesday.
— Xinhua

Vietnam to cut business red tape to support SMEs
Vietnam’s Ministry of Industry and Trade plans to cut business and investment red tape in half in an effort to simplify the administrative process, especially for private, small and medium enterprises.
— Nikkei Asian Review

Vietnam to focus on food safety to reach export goals
Vietnam will adopt multiple solutions to reach its target of 200 billion USD in total export value for the year, a year-on-year increase of 13 percent, officials said.
— Fresh Plaza

VN Index narrows loss on bargain hunting
Việt Nam’s benchmark VN-Index fell slightly on Tuesday, covering part of losses made in intraday trading as investors hunted for low-priced stocks.
— Viet Nam News

Vietnam has advantages for creative industries to develop: specialist
Although creative industries remain modest in Vietnam, there are certain local advantages for them to develop in the country, according to a specialist from Vietnam’s Ministry of Labour, Invalids and Social Affairs (MOLISA).
— VietnamPlus

Vietnam’s incumbent cellcos testing MNP
Vietnam’s three largest mobile operators have started testing mobile number portability ahead of its planned implementation in the nation by the end of the year.
— Telecomasia.net

Vietnamese economy continues to perform well
Vietnam’s economy continues to perform well despite several setbacks, said the Asian Development Bank (ADB) in its Asian Development Outlook Update (ADOU) 2017 report launched in Hanoi on September 26.
— VietnamPlus

Vietnam’s Vingroup to list retail unit
Vietnam’s Vingroup said on Tuesday it is seeking to list its retail unit, Vincom Retail, on the Ho Chi Minh Stock Exchange, after what could be the Southeast Asian country’s biggest private sector IPO.
— The Star Online

Đong Nai posts record trade surplus
The southern province of Đong Nai posted a record trade surplus of US$1.7 million in the first nine months of this year.
— Viet Nam News

Vietnam arrests another oil giant official for alleged mismanagement
PetroVietnam and the banking sector are at the center of Vietnam’s sweeping corruption crackdown that has ensnared scores of high-ranking officials.
— VnExpress

Extra nudge
Vietnam’s real estate market has seen a host of significant changes to overseas investment, which have opened up a great many opportunities for both local and foreign investors.
— VietnamNet Bridge

Vietnam assures EU on illegal, unregulated fishing
Members of the Viet Nam Association of Seafood Exporters and Producers on September 25 pledges to buy raw materials only from legal fishing vessels with clear traceability and importing only legally caught seafood.
— VietnamNet Bridge

Viet Nam auto demand catching up with region
An increasing number of Vietnamese plan to buy a car this year, catching up with other ASEAN countries, according to the Auto Purchase Index of Financial Times Confidential Research (FTCR) that measures the six-month outlook for car sales to urban consumers.
— Bizhub

Vietnam’s trade deficit going down
In August and the first half of September, the country had a trade surplus of US$1.69 billion, having suffered from a sharp trade deficit in the year’s first half.
— VietnamNet Bridge

Fast-paced development of Miniso store chains
Average about 80-100 new stores opens every month in many countries. Miniso’s ambition is to have 6,000 stores worldwide by 2020.
— Vietnam Times

Registered capital of new enterprises surges in first nine months
More than 29,900 enterprises were established with total registered capital of nearly VND396.5 trillion (US$17.44 billion) in HCM City in the first nine months of the year, according to the city’s People’s Committee.
— Bizhub

Rice exporters advised to diversify markets
Vietnam exported more than 4.5 million tonnes of rice in the first nine months of this year for 2 billion USD, up 19.6 percent in volume and 18 percent in value year on year, but its dependance on the Chinese market brings latent risks.
— VietnamPlus

Ideas sought for a sustainable Mekong Delta
A conference on sustainable development in the Mekong Delta and coping with climate change is taking place on September 26 and 27 in Can Tho city, chaired by Prime Minister Nguyen Xuan Phuc.
— Vietnam Economic Times

VN firms seek markets for tra fish
Many Vietnamese exporters are seeking new markets for tra fish as they face high tariffs in the United States, long one of the biggest consumers of Vietnamese tra fish.
— VietnamPlus

Why should foreigners earn more than locals in Vietnam?
Trying to explain the salary disparity and the reasons behind it.
— VnExpress

Will Thai giant take over Binh Minh Plastics?
Nawaplastic in 2012-2013 acquired a 20.4 percent BMP stake and sent its representative to the company’s management board. Besides BMP, Nawaplastic also holds a 24 percent stake in Tien Phong Plastics.
— VietnamNet Bridge

Feature photo World Bank/ Le Thi Xuan Nghiem
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