Vietnam Morning News For January 10

Vietnam Morning News For January 10
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Vietnam morning newsVietnam ministries against tax on sugary drinks, one says no proven link to obesity
The agriculture ministry said ‘no study has found that the abuse of sweetened tea or coffee causes obesity’ in Vietnam.
— VnExpress

ThaiBev ownership of Vietnam’s Sabeco complete as empire grows
ThaiBev recently completed its acquisition of Saigon Beer Alcohol Beverage Corp. (Sabeco) with “action to consummate the transfer of sale shares” having taken place.
— Food Navigator-Asia

Overloaded ports weigh down Vietnam
Vietnam’s over-burdened shipping infrastructure is taking a big toll on freight operations, with the peak port authority estimating the industry loses US$2.4 billion a year because it can’t reach the country’s best docks.
— Asia Times

VNPT gets green light for restructuring plan
Vietnamese state-owned operator VNPT has announced that its restructuring plan for the next three years has received the green light from the government.

Steel association seeks strong response to US decision
The Vietnam Steel Association (VSA) wants the Government to take a strong stance against anti-dumping duties levied by the US on certain products, including raising a dispute with the WTO, if needed.
— Bizhub

Agriculture sector acts to lure more investments
The Ministry of Agriculture and Rural Development (MARD) will continue reforming administrative procedures and improving the business environment to lure more investments into the sector this year, particularly hi-tech and organic agriculture.
— VietnamPlus

Vietnam’s FDI policy needs revision to maximise benefits
Vietnam’s foreign direct investment (FDI) pledges and disbursement hit a 10-year record high in 2017, which has gradually created a pervasive influence on the domestic sector.
— Nhan Dan Online

G-bonds worth over $7 billion issued in 2017
G-bonds worth VND159.9 trillion (US$7.04 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year, according to the Ministry of Finance.
— Bizhub

Viet Nam achieves record cashew exports
Viet Nam achieved its highest ever cashew exports in a year in 2017 with shipments worth US$3.52 billion.
— Viet Nam News

Vietnam breaks export growth record in 2017
From textile and garment to mobile phones, Vietnam’s 2017 export-import picture was bright with a record $425 billion.
— VietnamNet Bridge

Customers still unsure of E5 fuel: officials
Many motorbike owners are still unsure if the new E5 fuel being sold nationwide suits their vehicles, and authorities need to improve public awareness accordingly, officials admit.
— Bizhub

Valuation mismatch, lack of scale & exit options remain key challenges in Vietnam startup space
Vietnam witnessed another year of robust startup funding activities in 2017 marked by major rounds and also the entry of new regional venture capital players.
— DealStreetAsia

EIB executive visits Vietnam to seek increased partnership
A high-level delegation from the European Investment Bank (EIB) – the world’s largest international public bank – led by its Vice President Jonathan Taylor is on a working visit to Hanoi from January 8-10, the Delegation of the European Union to Vietnam said on January 9.
— VietnamPlus

Vietnam: MobiFone to divest SeABank and TPBank shares in Feb auction
Vietnamese mobile network operator MobiFone will on February 7 hold the second round of auctions to divest its shares in Southeast Asia Commercial Joint Stock Bank (SeABank) and Tien Phong Commercial Joint Stock Bank (TPBank), according to an announcement by the Hanoi Stock Exchange.
— DealStreetAsia

Special preferential import tax policies taking effect from 2018
The Vietnamese government has just issued ten decrees to implement Vietnam’s special preferential import tax commitments made in its free trade agreements with various partners.
— VietnamNet Bridge

Dak Lak businesses invest in CLV development triangle area
Many businesses from the Central Highlands province of Dak Lak have received permission from the Governments of Cambodia, Laos and Vietnam (CLV) to invest in production and infrastructure in localities within the CLV development triangle area.
— Nhan Dan Online

IFC funds clean water access project in Vietnam
The International Finance Corporation, a member of the World Bank Group, has committed a convertible loan worth 15.3 million USD to DNP Water JSC, a private Vietnamese company, to increase access to and availability of clean water for residents in urban areas.
— VietnamPlus


Feature photo Simone D. McCourtie / World Bank


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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.


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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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