Vietnam Morning News For March 2

Vietnam Morning News For March 2

Vietnam morning newsNew decree replaces regulations on logistics business
From February 20, 2018, logistics businesses have to meet the business conditions outlined in Decree No.163/2017/ND-CP on logistics services, replacing Decree No.140/2007/ND-CP.
— VietnamNet Bridge

Central bank urges property lending caution
The State Bank of Vietnam (SBV) has asked credit institutions to limit their lending to the real estate and construction sectors to better control bad debts.
— VietnamPlus

Vietcombank to offer 10% stake to foreign investors, GIC among interested parties
Singaporean sovereign wealth fund GIC Private Limited is likely to become a significant shareholder in Vietcombank when the latter offloads a 10 per cent stake to foreign investors in the first half of this year after receiving government approval, the Nikkei Asian Review reported.
— DealStreetAsia

Aquatic export enjoys 29.5-percent growth in Jan-Feb
Vietnam’s seafood export turnover hit 1.11 billion USD in the first two months of 2018, posting a year-on-year increase of 29.5 percent.
— VietnamPlus

Vietnam scraps ASEAN tariffs, but imports crash – ANALYSIS
Vietnam has cut import tariffs to zero on completely built-up (CBU) vehicles originating from southeast Asia at the beginning of the year – the third cut in as many years as the country moved to fulfil its commitments under the ASEAN Free Trade Agreement (AFTA).
— Just Auto

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CapitaLand acquires prime site in Vietnam, sets up $130m fund
Singaporean property developer CapitaLand has further expanded its foothold in Vietnam, its third largest market in Southeast Asia, with the establishment of a second commercial fund and the acquisition of a prime site in Hanoi.
— DealStreetAsia

Vietnam struggles to deal with low coffee value
The lack of quality processed coffee for export and a neglected domestic market are preventing Vietnam from creating a recognisable coffee brand to the world.
— VietnamNet Bridge

Planned fishery center in Da Nang could be scrapped amidst environmental concerns
The approval of a plan to build a fish farm in Vietnam’s central city of Da Nang has led to wary views from experts who fear the proposal ignores negative impacts on the local environment and tourist industry.
— Tuoi Tre

Prime Minister clarifies Government’s viewpoint on macro-economic stability
Prime Minister Nguyen Xuan Phuc highlighted keeping macro-economic stability, creating a favourable environment for production and business, and promoting rapid and sustainable development as the tasks of the Government to steer the national economy in the future in a recent article.
— VietnamPlus

Government sets June deadline for ministries to hasten red tape reforms
The Prime Minister’s working group will closely inspect ministries to find out cumbersome procedures and unnecessary business conditions hindered firms’ development, targeting to remove them before June 30 this year.
— The Hanoi Times

SCIC hopes to fetch $103mn from Binh Minh Plastic auction
24.15 million shares of plastics producer to be auctioned on HoSE on March 9 with a starting price of $4.26.
— Vietnam Economic Times

Cabinet meeting reviews socio-economic situation in first two months
The Government convened its regular meeting, the first sitting in the Lunar New Year, in Hanoi on March 1 under the chair of Prime Minister Nguyen Xuan Phuc.
— Nhan Dan Online

Market research to promote exports to Middle East
Vietnamese export companies will have opportunities to set up distribution channels in the Middle East thanks to a market research programme launched by the Investment and Trade Promotion Centre in Ho Chi Minh City and the Vietnamese Embassy’s Commercial Affair Office in the United Arab Emirates (UAE).
— VietnamPlus

VN’s startups need innovation, more investment
Last year marked an important milestone in the Vietnamese start-up community, featuring Government Scheme 844 towards a national innovation ecosystem by 2025, with attention from investors and the State as well.
— Viet Nam News

People Digest: Zalora CEO resigns; Vingroup appoints new CEO
Zalora CEO Parker Gundersen has announced his resignation from the fashion e-commerce firm, while Vietnam’s property giant Vingroup has appointed Nguyen Viet Quang as its new CEO.
— DealStreetAsia

 

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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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