Vietnam Morning News Roundup For March 2

Vietnam Morning News Roundup For March 2
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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

Vietnam Buys More Defense Equipment from Israel
Vietnam took delivery last month of a second batch of Rafael Python and Derby (SPYDER) surface-to-air missiles. The first batch was delivered last July, but that was not the first time the communist state had sourced defense equipment from Israel
— AIN Online

PM wants growth of 6.7 per cent
Prime Minister Nguyễn Xuân Phúc urged Government members to take drastic measures to attain the targeted growth rate of 6.7 percent this year at the Cabinet’s February meeting in Hà Nội yesterday.
— Viet Nam News

Vietnam’s Economy Is On Fire, And Fueled By Coal: How It Can Create A Greener Future
I’m wrapping up a trip to Asia that included an inspiring week in Ho Chi Minh City, Vietnam. Formerly known as Saigon, this commercial hub is booming.
— Forbes

Retail sales, service revenue increase over 7 per cent
Hà Nội’s retail and service revenue in the first two months of 2017 amounted to VNĐ365 trillion (US$16.4 billion), an increase of 7.1 per cent from the same period last year, according to the Hà Nội Statistics Office.
— Viet Nam News

Vietnam’s super-rich population is growing faster than anywhere else
Vietnam’s ultra-rich population is growing faster than any economy in the world, and is on track to continue leading the growth in the next decade, based on a new international research.
— VNExpress

Vietnam plans to charge foreigners extra fee for hotel stays
The proposed surcharge would only apply to foreigners, not local guests, and would go to a tourism development fund.
— VNExpress

New lending regulations worry small firms
Small-sized enterprises are concerned that they would have to borrow from credit institutions at higher rates when a new lending regulation takes effect next month.
— Viet Nam News

Japanese projects freshening up Vietnam’s real estate market
Numerous flagship/anticipated real estate projects with foreign direct investment (FDI) from Japan are expected to launch for sale in 2017.
— VietnamNet Bridge

Vinalines signs $565 million insurance contract
Vietnam National Shipping Lines (Vinalines) reached a framework agreement with a joint venture of insurance companies to insure its off-shore fishing vessel hulls this year in Ha Noi on Tuesday.
Viet Nam News biz hub

Vietnamese businesses rank best, worst government regulations
Vietnamese businesses have found more poor government regulations than good rules, based on the rating published by the Vietnam Chamber of Commerce and Industry (VCCI), which will enable a better policy making process to improve the country’s business environment.
— VNExpress

Vietnam slams Chinese fishing ban in South China Sea
Vietnam has slammed a fishing ban China has imposed in parts of the disputed South China Sea, saying it violates Vietnamese sovereignty and further complicates the tense situation in the troubled waters.
— The Sacramento Bee

Vietnam gains on PHL to top ASEAN PMI
FACTORIES in the Philippines capped a four-month growth slowdown in February, even as the pickup last month was overtaken by Vietnam’s performance that put that neighbor at the region’s lead, according to monthly surveys IHS Markit conducted for Nikkei, Inc.
— Business World Online

Vietnam to halt imports of five agro-products from India – govt
Vietnam will suspend the import of five agricultural commodities from India due to concerns over infectious insects, the Vietnamese government said Wednesday.
— VNExpress

Deputy PM wants more international integration
Deputy Prime Minister Vương Đình Huệ has asked the Inter-Sectoral Steering Committee for Economic Integration to improve studies and forecasts of integration developments, especially negotiations of free trade agreements (FTAs), in order to devise appropriate policies.
— Viet Nam News

How Much is a Piece of Ho Chi Minh City’s ‘Golden’ Land Worth?
Ho Chi Minh City’s most costly land prices can be found in District 1 around the People’s Committee building and near Ben Thanh Market. A square meter there fetches at least $30,000, according to the latest report by evaluation company Gachvang.
— VNExpress

APEC senior officials to decide on Việt Nam’s priorities
During the next two days senior officials from the 21 APEC economies will get together for their first meeting of the year in Nha Trang and make decisions on Việt Nam’s priorities and the initiatives to be carried out in the year.
— Viet Nam News

Japan’s ruler pays first visit to Vietnam
Vietnam laid out the red carpet for the monarch of its biggest provider of aid yesterday as Japanese emperor Akihito paid his first visit to the South-east Asian nation.
— The Straits Times

60% use internet in Vietnam
ver 20 years of development, Viet Nam’s internet has made sustainable contributions to society and Government policies have resulted in 60 per cent of the population using the web, said Phan Tam, deputy minister of Information and Communications at the on-going APRICOT 2017 conference in HCM City.
— VietnamNet Bridge

Automakers struggle to keep Vietnam production amid ASEAN tariff cuts
Automobile companies are forced to cut back production in Vietnam following lower tariffs among Southeast Asian countries but said they would maintain operation in the country.
— VNExpress

Vietnam’s tourism sees strong 2017 start with Jan-Feb record growth
Vietnam has received more than 2.2 million foreign visitors in January-February, up 33 percent from a year ago, the government said, putting the country on track to meet its annual target to welcome 11.5 million foreigners this year.
— VNExxpress

EU Presses Vietnam to Improve Human Rights Ahead of Trade Deal
Vietnam is coming under pressure from lawmakers in Europe to improve its human rights record before ratification of an EU free trade deal that the Communist government prizes after the loss of a major U.S.-led agreement.

Panasonic to double wiring device production in Vietnam plant
Panasonic Corporation will double its production capacity of wiring devices and circuit breaker in Vietnam by 2020 in an attempt to fulfill robust demand in the country and for export to neighboring markets, the business newspaper Saigon Times reported.
— VNExxpress

Woman fined nearly $300 for littering pavement
The Hoàn Kiếm District police in Hà Nội have slapped a woman with a fine of VNĐ6 million (US$266) for littering a pavement.
— Viet Nam News

India-CLMV ties set to grow
Hung was speaking at the fourth India-CLMV business conclave held in Jaipur City in the Indian state of Rajasthan on Monday, where he said India could support CLMV through its investments in manufacturing, business, services and infrastructure, as well as inter-regional trade, technical training and capacity improvement.
— Viet Nam News biz hub



Feature photo: Takmeomeo



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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