Vietnam Morning News For September 10

Gov’t to loosen conditions for auto imports
The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
— Viet Nam News

Privatizing State-Owned Companies in Vietnam
When Vietnam started privatizing state-owned enterprises in the 80s, the private sector, which includes local businesses, began to flourish. When Vinamilk, a dairy product company, was privatized the company expanded globally, and today are operating in more than 43 countries, surpassing $2.2billion revenues in 2018. That’s a lot of milk!
— Vietnam Insider

Vietnam’s Pork Shortage May Surge to $1.3 Billion by January
Vietnam is at risk of a 500,000 ton shortage of the meat most of its citizens rely on for daily protein between now and the Lunar New Year in January as African swine fever ravages the nation’s hog herd, according to Ipsos Business Consulting.
— Bloomberg

Vietnam is a market of interest for Chilean fruit exporters
The Association of Fruit Exporters of Chile AG (ASOEX) and ProChile carried out a Prospecting Mission in Vietnam with representatives of ten fruit exporting companies from Chile from August 28 to the 30.
— Fresh Plaza

Vietnam wants to be top 15 organic farming countries
The agriculture ministry seeks to turn Vietnam into one of world’s top 15 organic farming countries by 2030, and has its sights on the EU market given trade deals.
— VnExpress

Southeast Asia’s largest solar farm begins operations in southern Vietnam
A 420 MW solar power project, the largest of its kind in Southeast Asia, has officially started production in Tay Ninh.
— VnExpress

Vietnam seeks more judicial support from US
Seeking judicial support from the US is part of efforts to complete its legal framework amid deepened trade ties.
— The Hanoitimes

Thailand and Vietnam fight to attract manufacturers
Thailand is discussing a raft of incentives to tempt manufacturers away from China, which is caught up in a damaging trade war with the US.
— HRM Asia

Vietnamese mangoes are entering Chilean market
Following the nation’s well-known dragon fruit, mangoes have become the next Vietnamese fruit to be exported to Chile.
— Fresh Plaza

Traceability contract for swallow bird’s nest products signed
Vietnam Salanganes Nest Association (VSFA) and the Traceability Solutions and Services Joint Stock Company (TraceVerified) has just signed a contract on traceability of swallow bird’s nest products.
— Sggp News

Telecoms service fees in Vietnam to decrease
The Ministry of Information and Communications is collecting suggestions from the general public on the draft circular to regulate connection fees for voice calls between two terrestrial mobile networks nationwide as well as from local terrestrial stationary telecommunications network to national terrestrial mobile network.
— Sggp News

Hanoi exports late-ripening longan to Australia
If everything goes according to plan, the first batch of late-ripening longan from Hanoi’s Hoai Duc district will reach Melbourne in Australia on September 6, the municipal Department of Agriculture and Rural Development said.
— Fresh Plaza

Military Bank plans 43.2 million ESOP shares in Sep-Oct
Military Bank (MBB) is planning to issue more than 43.2 million shares to its employees under the employee stock ownership plan (ESOP). This number is equal to 2 per cent of the bank’s charter capital.
— Viet Nam News

Vietnam’s economy thrives 7 decades after gaining independence
The foreign trade exchange has been enhanced and the rate of import and export over GDP is among the highest in the world.
— The Hanoitimes

Vietnam considered target market for Thai food companies
Vietnam’s market is driven by young people who have higher spending on food and consumer products.
— The Hanoitimes

Experts suggest VietGAP is the best way to prevent livestock diseases
The animal husbandry sector must improve the quality and safety of the environment in which livestock is raised to achieve sustainable development, experts told a conference in Bến Tre Province on September 6.
— Viet Nam News

State loss-making projects can bring problems to arbitration: Deputy PM
Deputy Prime Minister Vương Đình Huệ agrees 12 loss-making State-funded enterprises may bring their conflicts with contractors to arbitrators if those conflicts are not resolved by the end of this year.
— Viet Nam News

In2Fruit: South African company exports fresh grapes to Vietnam
South Africa’s Department of Trade and Industry reports that the nation’s In2Fruit company has signed a contract with Vietnam’s Fruit One counterpart to export fresh grapes to Vietnam.
— Fresh Plaza

Việt Nam monetary policy likely to come under pressure from trade war
On August 23 the State Bank of Việt Nam set the benchmark exchange rate at VNĐ23,127 to the dollar, weakening by VNĐ5 compared to the previous five days (August 19).
— Viet Nam News

ADB names VIB “Leading SME Trade Bank” in Vietnam
Vietnam International Bank (VIB) has been named “Leading SME Trade Bank”” in Vietnam by Asian Development Bank (ADB). This is a prestigious award honoring partner banks of the ADB’s Trade Finance Program with outstanding achievements are .
— Vietnam Insider

Viettel still aiming high after 30 years
After growing for 13 years and now covering Southeast Asia to South America, it can be said the sun never sets on the Viettel Military Industry and Telecoms Group (Viettel).
— Viet Nam News

Market trend hard to predict after difficult week
The local market remained hard to predict as price movements have been sensitive and showed no certain trends, said analysts and brokerages.
— Viet Nam News

CPF taps Vietnam for revenue growth
CP Vietnam Corporation, a subsidiary of SET-listed Charoen Pokphand Foods Plc (CPF), expects 2019 revenue to grow by 10%, driven by higher purchasing power in Vietnam.
— Bangkok Post

Dầu Tiếng solar power plant inaugurated in Tây Ninh
Dầu Tiếng Energy Joint Stock Company inaugurated the Dầu Tiếng solar power plant, the largest solar power project in ASEAN, in the southern province of Tây Ninh.
— Viet Nam News

Strong foreign buys rescue VN-Index from fall
Strong buys by foreign investors helped rescue the VN-Index from a fall on Monday when the index was traded below the reference threshold for most of the trading time.
— Viet Nam News

Vietnam targets trade war gap
US trade delegation visit to Vietnam at the beginning of September is one of the signs of interest in increased trade between the two countries, according to local news sources.
— FruitNet

Vietnam temple offers spiritual support for Japan community
A yellow-colored Buddhist temple adorned with flags and golden dragons on its pointed roofs in a quiet town outside Tokyo presents a stark contrast to the typically somber-looking Buddhist places of worship usually found in rural Japan.
— Kyodo News

Vietnam Airlines to delay flights to Japan due to Typhoon Faxai
Vietnam Airlines will adjust schedules for flights from/to Narita International Airport in Tokyo on September 9 morning due to typhoon Faxai in the Japanese area.
— VietnamPlus

Tui Blue to debut in Vietnam come 2020
Tui Group is stepping up the expansion of its flagship hotel brand in Asia with its first Tui Blue property in Vietnam, which will be launched in cooperation with Vietnam-based joint venture partner TMG Group.
— TTG Asia

Vietnam E-Learning Market has been driven by Rising Demand for Multimedia Content
Vietnam E-Learning Market has been driven by Rising Demand for Multimedia Content coupled with Increasing Internet and Smart Phone Penetration in the Country. Ken Research reports.
— Vietnam Insider

Information and communications ministry mulls cutting voice call charges
The Ministry of Information and Communications (MIC) wants to cut the connecting charge for calls between two mobile networks from the current 440 VND (0.02 USD) to 270 VND per minute.
— VietnamPlus

Int’l food, beverage expo to take place in Hanoi in November
The VietFood, Beverage and Professional Packing Machines (VietFood & Beverage – ProPack) International Exhibition will take place in Hanoi from November 6 to 9.
— VietnamPlus

Real estate bonds attract lowest investor interest
Seven percent of real estate bonds issued in the first eight months of the year were bought , the lowest ratio among all sectors.
— VnExpress

Woori Bank opens five branches in VN
The State Bank of Việt Nam last week issued a document approving the eligibility of the Republic of Korea’s Woori Bank to establish five branches in Việt Nam.
— Viet Nam News

Conference in Hà Nội offers opportunities to network
An international conference titled ‘Meet the Middle East and Africa Ambassador 2019’ will open today in Hà Nội.
— Viet Nam News

South African company to export fresh grapes to Việt Nam
South Africa’s In2Fruit company has signed a contract with Việt Nam’s Fruit One counterpart to export fresh grapes to Việt Nam, according to South Africa’s Department of Trade and Industry.
— Viet Nam News

Over a hundred polluting factories remain in Hanoi
A recent warehouse fire has drawn public attention to 113 polluting factories that should have moved out of Hanoi years ago.
— VnExpress

HCM City eyes smart tourism development
Smart tourism needs to be a component of HCM City’s smart city master plan, its Party Committee secretary has said.
— Viet Nam News

500 Startups sees healthy early-stage pipeline in Vietnam, says Eddie Thai
Early-stage investor 500 Startups is investing at an impressive pace, clinching two deals every month in Vietnam as it looks to deploy its full capital by mid to late next year.
— DealStreetAsia

OFID commits $45mln to Vietnam’s transport infrastructure
Loan will help complete construction of the city’s crucial ring road, which will improve the connectivity of southeast and western rural regions to the city center.
— Zawya

Thailand and Vietnam fight to attract manufacturers
The two ASEAN economies both want to woo companies away from China amid its political and economic tensions.
— HRM Asia

Vietnam-Czech Republic trade up 5.6 percent in first half
Two-way trade between Vietnam and the Czech Republic in the first six months of 2019 hit 591.14 million USD, up 5.6 percent, according to latest statistics of the European country.
— VietnamPlus

Market capitalization of UPCoM market exceeds VND1 quadrillion
According to statistics, by the end of August this year, market capitalization of unlisted public companies (UPCoM) exceeded VND1 quadrillion (US$43.08 billion) with a total of 850 enterprises having registered.
— Sggp News

Corporate bond issuance rises in eight months, transparency still biggest concern
A total of VNĐ117 trillion (US$5.03 billion) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.
— Viet Nam News

Feature photo UNICEF Việt Nam/ Trương Việt Hùng

This week’s Vietnam morning news feature photo focuses on World Suicide Prevention Day (WSPD), September 10.

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).

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