Vietnam Morning News Roundup February 22

Vietnam Morning News Roundup February 22

Welcome to the Vietnam morning news roundup by AEC News Today, your one stop for Vietnam news on matters of governance and policies affecting Asean business communities.

Vietnam morning news

Property stocks boost VN-Index
The benchmark VN-Index bounced back above 710 points yesterday, boosted by strong investments in property stocks as investors sought new opportunities in speculative shares.
– Vietnam News

Vietnam’s car market has second-fastest growth in world
JATO, a UK-based market analysis firm, in its latest report, showed that the Vietnamese market grew by 27.1 percent in 2016, becoming the second fastest growing market in the world, just after Singapore.
– VietnamNet

Res. 19 rehabilitates business climate
Over the past two years, international indices on Vietnam’s business climate have decreased. That is why in 2017, the government is making great efforts to improve the country’s investment and business climate, and economic competitiveness in comparison to other ASEAN nations. Resolution 19 is aimed at highlighting measures to reach this target.
– VietnamNet

Japanese seafood exporters keen to explore Vietnamese market
More than 30 Japanese seafood processing businesses participated in the Viet Nam-Japan trade co-operation programme organised by the Japan External Trade Organisation (JETRO) in HCM City on Monday.
– Vietnam News bizhub

Realizing Vietnam’s 4G ambition
OpenSignal, a global mobile application provider, recently revealed that the average mobile broadband speed in Vietnam is 3.81Mbps, lagging far behind the Asian average which Ookla stated last year was 10.9Mpbs.

Titanium mining project rejected due to environmental risks
Authorities in the south-central province of Binh Thuan have turned down a proposed titanium mining project, saying that it could contaminate underground water resources and the environment.
– Vietnam News bizhub

2011-2016: VN gains almost $60b in footwear export
Under statistics from the General Department of Customs, export value reached $6.5 billion in 2011, $7.3 billion in 2012, $8.4 billion in 2013, $10.3 billion in 2014, $12 billion in 2015 and $13 billion in 2016.
– VietnamNet

More VN firms eye investing in Myanmar
VIETNAM IS among the top 10 foreign investors in Myanmar, with nearly 80 businesses pouring in investment worth US$1 billion (Bt35 billion) in the host country.
– The Nation

Vietcombank to open subsidiaries in Laos, Cambodia
The information was released by Nghiem Xuan Thanh, chairman of the bank, on the sidelines of the meeting between officials of the State Bank of Viet Nam (SBV) and their Lao and Cambodian counterparts late last week.
– VietnamNet

Petrolimex expected to list in Q1
The Vietnam National Petroleum Group (Petrolimex) has completed the necessary paperwork for its shares to be listed on the stock exchange.
– VietnamNet

Vinalines to develop logistics centre in the capital
Vietnam National Shipping Lines (Vinalines) plans to develop a large-scale logistics centre in the capital as part of its development strategy for  2020, reports.
– VietNam News

First train of Cát Linh-Hà Đông urban railway installed
The first train of the Cát Linh-Hà Đông urban railway has been installed safely on the track, the Railway Projects Management Unit (under the Ministry of Transport) announced early Tuesday.
– Vietnam News

WB-loaned hydropower plant puts first turbine into use
The first turbine of the Trung Son plant, Viet Nam’s first hydropower project with credit loaned from the World Bank, in Thanh Hoa Province has begun generating electricity for the national grid.
– Vietnam News bizhub

Vietnam’s position in the new world order
The problems that plagued the world economy in 2016 will continue this year, coupled with several new issues that have drawn the world’s attention-nationalism and trade protectionism.
– VietnamNet

Vietnam steelmakers ask for dumping measures
Four Vietnamese steelmakers- including China Steel Sumikin Vietnam JSC, Phuong Nam Co. Ltd., Nam Kim Steel JSC, and Dong A Steel JSC- continued to demand new measures to prevent coated steel sheets shipped from mainland China and the Republic of Korea from being sold at cheap prices in the market.
– VietnamNet



Feature photo: Vietfriendtravel



The Vietnam morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.





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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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