Vietnam Morning News For January 22

Vietnam Morning News For January 22
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Vietnam morning newsPetrol prices increase by over 400 VND per litre
The price of bio-fuel E5 increased by 429 VND while those of diesel 0.05S and kerosene increased slightly by 430 VND and 448 VND per litre, respectively in the latest regular adjustment of petrol and oil prices on January 19.
— VietnamPlus

MoIT to support steel businesses
The Ministry of Industry (MoIT) will continue to support local steel enterprises this year in their production and business, especially use of trade defence measures protecting the domestic steel industry.
— Bizhub

Vietnam Wants Foreign Money to Overhaul Its Economy
Vietnam is dramatically accelerating sales of stakes in state-owned companies to boost revenue and ease a strained budget, while seeking to exceed its economic growth target this year.
— BloomBerg

VN is world’s second largest shoes exporter
Of 23 billion pairs of shoes sold worldwide in 2017, Viet Nam exported over one billion pairs, continuing to maintain the second position (after China) in shoes export.
— Bizhub

Vietnam Rubber Group to launch IPO in early February
Vietnam Rubber Group (VRG) is expected to list its shares on the HCM Stock Exchange in June or July after its initial public offering on February 2.
— VietnamNet Bridge

Vietnam’s corruption crackdown gamble amid crucial SOE debuts
A dramatic corruption trial is captivating Vietnam and raising investor eyebrows, as the government risks tarnishing the image of state enterprises just as it takes some of them public.
— Nikkei Asian Review

Vietnam: FMCG major Masan Beverage to up stake in Vinacafe to 100%
Masan Beverage Ltd, a wholly-owned subsidiary of fast-moving consumer goods giant Masan Consumer under Masan Group, has announced it will buy out Vinacafe Bien Hoa (VCF) by increasing its ownership in the coffee producer to 100 per cent.
— DealStreetAsia

The size of Vietnamese enterprises is shrinking
The size of Vietnamese domestic enterprises is shrinking, according to the latest data from the 2017 economic census.

Vietnam’s Nutifood takes aim at US market with baby formula
Nutifood, Vietnam’s leading private diary company, on Thursday signed a contract with an American distributor to sell its Pedia Plus infant formula line in the U.S., in an effort to tap one of the world’s most challenging markets for nutritional supplements.
— Nikkei Asian Review

RoK’s imports of Vietnamese farm produce soars after 2015 FTA
The Republic of Korea (RoK)’s imports of Vietnamese agricultural and livestock products rose by 34 percent in two years since the two countries’ free trade agreement (FTA) took effect in December 2015.
— VietnamPlus

Many carmakers join Honda, Toyota in suspending exports to Vietnam
Toyota Motor and Honda Motor are not the only two carmakers to suspend exports to Vietnam from the beginning of this year, when the Southeast Asian country started applying stringent checks on imported vehicles.
— Tuoi Tre

List of 500 largest Vietnamese enterprises announced
The list of top 500 largest Vietnamese enterprises (VNR500) was announced in Hanoi on January 19, with the number of private companies in the list rising by 2.5 times in 2017 since the rankings were first made 10 years ago.
— VietnamPlus

Vietnamese investors on verge of going penniless over Bitconnect crash
The catastrophic crash of the Bitconnect cryptocurrency, widely criticized as a Ponzi scheme, earlier this week has driven a multitude of Vietnamese investors to the brink of bankruptcy.
— Tuoi Tre

Local brands outperform multinational rivals – reports
Local brands in the fast-moving consumer goods (FMCG) sector in Asian countries, including Vietnam, have made distinct improvements which have helped them surpass multinational rivals, according to recent market research reports.
— VietnamNet Bridge

Nearly 3,500 Vietnamese take Apple to court over slowing iPhone
Thousands of Vietnamese consumers have joined in a class-action lawsuit against Apple Inc., accusing the U.S. tech company of intentionally slowing their iPhones without consent.
— Tuoi Tre


Feature photo ILO/Nguyễn ViệtThanh


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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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