Vietnam Morning News For February 23

Vietnam to encourage informal sector to pay tax
The government needs to take action to reduce the size of the informal economic sector, economists say.
— VietNamNet Bridge

T&T Group seeks to acquire 25% of Vietnam’s rice exporter Vinafood 2
Vietnam-based multi-sector firm T&T Group plans to spend approximately $56 million to acquire a 25 per cent strategic stake in IPO-bound Vietnam Southern Food Corporation (Vinafood 2).
— DealStreetAsia

Squid and octopus exports to the US soar
Total exports of squid and octopus from Viet Nam to the US reached US$ 9.7 million last year, up 94.7 per cent from 2016, reported the Viet Nam Association of Seafood Producers and Exporters (VASEP).
— Bizhub

Another vibrant year awaits Vietnam’s property market
Last year witnessed many mergers and acquisitions (M&As) in Vietnam’s real estate sector, and foreign investors’ interest in the market is forecast to continue in 2018.
— VietnamPlus

Vietnam, Laos envoys vow close ties
The new Vietnamese ambassador to Thailand yesterday pledged Vietnam will not allow any groups to launch activities against Thailand, while his Lao counterpart said Laos would maintain good relations with Thailand including security cooperation.
— Bangkok Post

Vietnam imports flowers worth $18 million for Tet
Vietnam imported flowers and ornamental plants worth 18 million USD from December 1, 2017 to January 31, 2018 for the Lunar New Year.
— VietNamNet Bridge

Food prices edge up after Tet due to low supply
After Tet the prices of vegetables and foodstuffs in HCM City have become higher than normal, local media reported.
— Viet Nam News

VI Group invests in Vietnamese supermarket chain Kid Plaza
Vietnamese private equity firm Vietnam Investment Group (VI Group) has invested in Kid Plaza, becoming a minority shareholder in the mother-and-baby segment focussed retailer.
— DealStreetAsia

Vietnam works to stop illegal fishing
Vietnam has been actively working to implement the European Commission (EC)’s recommendations since it announced a yellow card on Vietnamese fisheries on October 23 last year.
— VietnamPlus

PM allows glass factory construction in Ninh Binh
Prime Minister Nguyen Xuan Phuc gave the green signal to a ultra thin tempered glass factory in Yen Khanh District in the northern province of Ninh Binh.
— Bizhub

Quang Tri lures 160 billion VND in hi-tech agriculture
The central province of Quang Tri has attracted eight projects in high technology and green agriculture worth over 160 billion VND (7.02 million USD), according to the provincial Department of Agriculture and Rural Development.
— VietnamPlus

Indonesia’s car exports now under threat from Vietnam
As they face sluggish demand back home, Indonesia’s four-wheel car manufacturers face a bleak future in exports following a new regulation from Vietnam, which is poised to build its own automotive industry.
— Business Times

Viglacera builds Dong Van IV IP’s infrastructure
Viglacera Corporation on February 22 started construction of a power project and a wastewater treatment facility at the Dong Van IV Industrial Park in the northern province of Ha Nam.
— VietnamPlus

Gold shops prepare for surge on God of Wealth Day
Gold shops are stocking various products to take advantage of the huge demand on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February 25).
— Bizhub

Vietcombank to be among top 100 banks in Asia
Prime Minister Nguy?n Xuân Phúc has asked the Bank for Foreign Trade of Vietnam (Vietcombank) to broaden its vision and grow to become among the largest banks in the Asian region through its newly approved restructuring plan until 2020.
— Viet Nam News

Vietnamese exporters start to add value
After focusing on exporting large volumes of unprocessed goods for a long time, more and more Vietnamese companies are now turning to export of processed and value-added products and improving their quality to penetrate global markets.
— VietnamPlus

Site clearance for airport to cost US$41bn
Land reclamation, compensation and resettlement support for the construction of Long Thành International Airport in the southern province of Ð?ng Nai is estimated to cost nearly VNÐ23 trillion (US41.01 billion).
— Viet Nam News

Feature photo Graeme Newcomb

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.