Vietnam Morning News For May 16

Vietnam Morning News For May 16

Vietnam morning newsVietnam’s largest industrial properties supplier debuts
The BW Industrial Development JSC, a joint-venture between the US private equity fund Warburg Pincus and Vietnam’s Investment and Industrial Development Corporation (Becamex IDC), made debut in the southern province of Binh Duong on May 15.
— VietnamPlus

Government urges plans on public investment capital disbursement
The Ministry of Planning and Investment (MPI) has asked centrally-run cities and provinces to rapidly submit their reports on the 2018 disbursement plans of public investment capital.
— The Hanoi Times

State corps commit violations worth 15.4 billion USD
State corporations and groups have been found to have committed violations worth nearly 350 trillion VND (15.4 billion USD) in State capital usage and management during the 2011-2016 period, according to the Government Inspectorate.
— VietnamPlus

Door to world market opens for Vietnam’s rice exporters
After winning bids to sell rice to Indonesia and the Philippines, Vietnamese exporters are attending a bid to sell rice to South Korea and preparing for another contract with the Philippines.
— VietnamNet Bridge

What can be done to help Vietnam’s SMEs?
Small- and medium-sized enterprises (SMEs) are central to Vietnam’s economic growth, providing significant contributions to job creation, export promotion and poverty reduction.
— Lexology

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High paper prices hurt printers’ profits
The price for different kinds of paper has soared in the last few months, affecting turnover at printers and publishers.
— Bizhub

3 reasons smart investors are banking on Vietnam
Vietnam’s Gross Domestic Product (GDP) expanded by 6.81 per cent last year, marking its highest growth rate in a decade.
— Lexology

Fitch raises Vietnam sovereign credit rating to ‘BB’ from ‘BB-‘
Ratings firm Fitch raised Vietnam’s long-term foreign-currency issuer default rating (IDR) to ‘BB’from ‘BB-‘, with a stable outlook, the agency said on Tuesday, a move economists said will boost foreign investment into the Southeast Asian economy.
— Business Times

Enhancing the Vietnamese tourism industry
Experiencing a rapid growth in the tourism industry, Vietnam could become a regional leader in the coming years.
— Asean Up

Vietnamese group to invest $1 billion in Cambodia
The Vietnam-based FLC Group is a conglomerate that provides real estate developing, real estate consulting and investment, financial consulting and property exchange.
— Fresh news

Belgian potato exporters turning their sights towards Vietnam
On May 14, the Flanders Agricultural Marketing Board held a press conference in Hanoi, to announce a plan to develop the Belgian potato market share in Vietnam.
— Fresh news

Lawmakers interrogate hike in insurance management costs
Strengthening supervision of social insurance funds is essential given the hike in management expenses in 2016 and 2017, legislators argued at the ongoing 24th session of the National Assembly Standing Committee in Hà Nội yesterday.
— Viet Nam News

Inspections over social insurance funds should be increased: lawmakers
Strengthening inspections over social insurance funds is essential given the hike in their management expenses in 2016 and 2017, heard the ongoing 24th session of the National Assembly Standing Committee in Hanoi on May 15.
— Nhan Dan Online

Banks warn customers over online scamming
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have issued official warnings to customers over online phishing scams.
— Bizhub

Positive prospect on Vietnam’s economic development
Vietnam is fast becoming a favorite destination for foreign investors, thanks to its growing scale and connectivity, said the Minister of Planning & Investment Nguyen Chi Dung.
— The Hanoi Times

New regulations to improve Viet Nam commodity exchange
Trading through commodity exchanges will be more convenient in Viet Nam with the Government’s new regulations on the establishment and trading on the commodity exchange.
— Bizhub

Tax hike plans need more cautions
The Ministry of Finance (MoF) should be cautious with tax hike plans as it is not in line with the government’s direction of stipulating consumption and ensuring economic growth, experts said.
— The Hanoi Times

Online tourism businesses thrive in Vietnam
Many travel firms, after making heavy investments in online tourism, are earning increasingly high revenue.
— VietnamNet Bridge

HCM City works to promote innovative start-ups
Ho Chi Minh City has created many programmes to support start-up activities, and has plans to expand its support to individuals and groups with potential, the Saigon Hi-tech Park Incubation Centre (SHTP-IC) has said.
— VietnamPlus

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Decree stipulates investor’s equity ratio in PPP projects
The decree stipulates the areas, conditions, sequence, and procedures concerning the implementation of investment under the form of PPP.
— VietnamNet Bridge

Thousands of scrap containers stored at Cat Lai Port
Thousands of containers were left at Cat Lai Port in Ho Chi Minh City over the last few months because owners haven’t visited the customs department to complete the necessary procedures, causing both port companies and customs agencies a headache.
— VietnamPlus

​Firm aspiring to be Vietnam’s Amazon posts $14mn losses in two years
Tiki, an online shopping website that hopes to become Vietnam’s Amazon, has reported consistent annual losses in the last two years, notwithstanding financing by big investors.
— Tuoi Tre

Russia’s Rosneft looks to Vietnam experience to help global expansion
With sanctions barring Russia’s largest oil producer from offshore extraction with Western companies, Rosneft is looking to its operations in Vietnam for the experience needed to expand its global reach.
— Business Standard

APICTA urged to share e-government experiences with Vietnam
Deputy Prime Minister Vu Duc Dam has suggested the Asia Pacific ICT Alliance (APICTA) share with Vietnam experiences in building e-government and e-administration accumulated from its members such as Australia, Singapore and Japan.
— Nhan Dan Online

Large-caps support VN-Index
Vietnamese shares rallied on Monday but the uptrend weakened at the end of the day due to selling pressure on a number of blue-chips, especially during the ATC session.
— Viet Nam News

 

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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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