Vietnam Morning News For August 28

Vietnam sees potential for massive shrimp processing sector
Experts outline factors holding back sector’s ‘vast’ potential at industry conference.
— Intrafish

Foreign investors interested in wind power development
Foreign investors have shown considerable interest in developing wind power in Viet Nam.
— Bizhub

PetroVietnam to delay divesting stake at gas supplier PV Gas
Instead of divesting at PV Gas, state-run Vietnam Oil and Gas Group (PetroVietnam) will focus on divesting stake at other subsidiaries.
— The Hanoi Times

Wider use of mechatronics, robotics urged in Vietnam
VIETNAMESE companies are facing several challenges including human resources, investment capital for technology systems and insufficient technical levels to invest in and apply cutting edge technologies into production.
— The Nation

Vietnam cultivates advanced IT to grow farm and fishery exports
Vietnam’s farms and fisheries are turning to artificial intelligence, the internet of things and other advanced information technology as the country casts about for ways to grow exports.
— Nikkei Asian Review (paywall)

Grab Vietnam expects to pay US$21.5-million tax in 2018
Grab Vietnam is currently subject to a tax rate of 5% over its revenue, which is applied to companies operating in the science and technology field.
— The Hanoi Times

Vietnamese steel in the spiral of international lawsuits
Fifty percent of the cases of safeguard investigations, anti-dumping and anti-subsidy are filed against the steel industry.
— VietNamNet Bridge

Rice exporters told to meet Chinese quality requirements as shipments slump
To sustain their rice exports to China, a large buyer, Vietnamese firms need to focus on meeting food safety and traceability requirements and carry on official instead of border trade, according to experts.
— Bizhub

Locals ignore fast food losses
As fast food giants Lotteria and KFC report losses despite dominating the domestic market, their attractiveness to customers shows no signs of abating.
— VietNamNet Bridge

Banks required to limit ATM withdrawal at night
The State Bank of Viet Nam (SBV) has required credit institutions and branches of foreign banks in the country to limit cash withdrawal at their automatic teller machines (ATMs) at night.
— Bizhub

Vietnam’s tourism needs more high-quality workforce
The tourism and hotel industry is experiencing golden days with a boom in the number of foreign and domestic travelers, while the demand for workers meeting international standards is increasing rapidly.
— VietNamNet Bridge

Mobile World’s grocery chain reports 269 pct sales growth
Mobile World has reported a 269 percent growth in sales on-year at its grocery subsidiary Bach Hoa Xanh in the first seven months of the year.
— VnExpress

Vietnam rapid economic development requires road traffic law revision
Some of the regulations and policies of road traffic could not keep up with Vietnam`s current socio-economic development and new challenges in road traffic management, stated the representative of the Ministry of Transport (MoT).
— The Hanoi Times

Mainland frauds damage island garlic brand
The sale of garlic falsely marked as Ly Son garlic has damaged the brand name of the major crop of the Ly Son Island in recent years.
— Bizhub

Vietnam braces for National Day protests in Hanoi
Vietnam has ordered police and military forces in the capital, Hanoi, to prevent big gatherings or protests during its National Day holiday next month, the Hanoi People’s Committee said on Monday.
— Channel NewsAsia

Over 7.34 billion USD committed at Quang Binh investment promotion event
The central province of Quang Binh awarded investment licences and cooperation deals for 66 projects worth nearly 169 trillion VND (over 7.34 billion USD) at an investment promotion conference on August 27.
— VietnamPlus

Global firms explore investment in City
Chairman of the People’s Committee of HCM City Nguyen Thanh Phong received entrepreneurs from some multinational groups on Friday to brief them on investment opportunities in the city.
— Bizhub

Foreign investors gear capital to high-tech industries in Vietnam
The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country.
— The Hanoi Times

Explore the rural and urban side of Vietnam and Cambodia
Stretch your legs on a 16-day custom itinerary through rural and urban Cambodia and Vietnam.
— Los Angeles Times

VN’s trade with India sees strong growth
Two way trade between Viet Nam and India experienced a significant yearly increase of 50 per cent to US$6.36 billion over the past seven months of this year, statistics from the General Department of Customs revealed.
— Bizhub

Taiwanese youths seek agricultural opportunities in Vietnam
Fifteen outstanding youths from Taiwan (China) are in Vietnam to take part in a Vietnam-Taiwan agricultural development exchange, which runs from August 27 to September 1.
— VietnamPlus

New approach to tapping Chinese farm produce market urged
Thanks to cultural and cuisine similarities and geographical proximity, China has been a key market of Vietnamese farm produce for many years, but enterprises need to take a new approach in the market today, said an official.
— VietnamPlus

Vietnam streets overflow as football fans go to town over Asian Games history
Downtown streets in major Vietnamese cities were awash with the national colors of red and yellow on Monday night.
— VnExpress

Feature photo Travis Hawk

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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.