Vietnam Update: December 3, 2018

Vietnam Update | December 3, 2018
Authors: Hai Pham, Tra Nguyen and Bryan Yeoh 
 
LOOKING AHEAD
 
 

Dec 6: Vietnam Travel and Tourism Summit 2018: For more information, click here

Dec 13: 2018 Vietnam Committee Quarterly Call - Q4: Click here to register.

Dec 13: Roundtable with H.E. Dr. Ha Cong Tuan, Permanent Deputy Minister of Agriculture and Rural Development of Vietnam: Click here to register.

 
THE COUNCIL'S TAKE
 
 

National Assembly Successfully Wraps up Sixth Session, Ratifies CPTPP
The sixth session of the 14th National Assembly (NA) ended on November 20 after 22 and a half days of sitting, accomplishing the entire working agenda including law-making, decisions on socio-economic development and supreme supervision fulfilled. Most notably, during the session the NA voted to elect Vietnam Communist Party General Secretary Nguyen Phu Trong as the new President, and voted to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and relevant documents. The approval of the CPTPP makes Vietnam the seventh country to ratify the deal. The CPTPP shall enter into force for Vietnam 60 days after Vietnam officially notifies New Zealand, the official depository, in writing of Vietnam's ratification.

The agreement will bring many opportunities for the domestic market, import-export companies in Vietnam, including both domestic and foreign invested firms. In order to implement the commitments in the CPTPP, Vietnam will also have to adjust and amend some legal provisions on trade, customs, intellectual property, and labor. The Ministry of Justice is instructed to coordinate with relevant ministries and agencies in reviewing existing laws, ordinances and decrees, as well as propose amendments and issue new ones in line with trade-pact commitments. The administration has reviewed more than 265 legal documents, and has proposed, amended and supplemented seven laws. While much work in implementation remains, Vietnam is poised to successfully adopt and integrate the CPTPP.

New Competition Law Designed to Ensure Healthy Competition
Earlier this year, Vietnam passed a new Competition Law, effectively repealing and replacing the 2004 version of the law. The new law which includes eight amendments to the Competition Law 2004 will take effect on July 1, 2019.

Under the new law, the government recognizes and guarantees companies’ rights to compete. Most notably, the new law has expanded its scope to include both domestic and foreign companies, and individuals if their actions have or potentially have a competition restriction impact on the domestic market. Competition restriction impact is defined as impact that excludes, reduces, or hinders competition in the market. The Vietnamese government will also have jurisdiction over offshore activities if they affect the domestic market. Another new addition to the law is the inclusion of public service units such as hospitals and schools.

According to Tran Phuong Lan, head of the Economic Concentration Control Department of the Vietnam Competition and Consumer Authority, the new law mirrors international best practices and reflects a combination of economic and legal models to increase enforcement effectiveness. In addition, the new law will promote business development through economic concentration activities. The 2004 version of the law did not allow mergers between two companies if their combined market-share exceeded 50 percent. Now, the combined market share condition has been removed. Businesses may make their own M&A decisions based on several factors.

Although the new Competition Law seems quite thorough, some areas still need further clarification and guidelines on the implementation. The law is expected to create a fair, healthy and transparent business and economic environment.

Vietnam Releases Draft Law on Securities
Vietnam’s Ministry of Finance (MOF) recently released a second draft of the Law on Securities for public consultation (Full text of the draft here in Vietnamese). The State Securities Commission (SSC) was tasked with revising the law as the current Securities Law was introduced in 2006 at a time when Vietnam’s securities markets were much smaller. Since 2006, the Vietnamese government has become aware of shortcomings in the law as the market has developed.

Changes in the draft law include new conditions for public company status, private placement, redemption of shares, new triggering events of public offer to purchase, expanded scope of “related person,” and changes to acquiring an operation license and enterprise registration certificate for securities companies and fund management companies. Another key change is to conditions for an initial public offering (IPO). The draft law increases the minimum charter capital from VND10 billion (US$430,000) to VND30 billion (US$1.291 million), requires companies to be profitable for two years preceding IPO registration, and sets minimum thresholds for how many shares must be sold off in the IPO.

Another change, notable to all industry sectors, is that the draft law lifts the general mandates for 49 percent foreign ownership caps in public companies and harmonizes the definition of “foreign ownership ratio” with the Law on Enterprise. The change in ownership rules will apply to more than 200 conditional sectors, but will exclude key sensitive sectors, including security, defense, and telecommunications which will all be left at 49 percent. The cap for banks will also remain at 30 percent, though the government may consider lifting this on a case-by-case basis.

According to Deputy Minister of Finance Huynh Quang Hai, the government is hoping that the new law will continue to encourage development of the market in a faster, stronger and sustainable manner. Vietnam’s stock market was Asia’s top performer last year posting 48 percent growth. The public consultation ends on December 2 and the draft law is expected to be submitted to the Government in the second quarter of 2019 and then to the National Assembly in the fourth quarter of 2019.

 
ADVOCACY UPDATE
 
 

Vietnam Law on Cybersecurity
On November 3, Vietnam's Ministry of Public Security (MPS) published the official draft decree for the Law on Cybersecurity (LOCS) and opening the draft for public comments until January 2, 2019. The Council has been gathering member input for the draft decree, with the deadline set for December 2. The Council is now compiling all comments and developing the final version of the industry submission - this document will be circulated to members for final review with a final submission deadline set for EOD December 5 SGT. Following, the Council will finalize the industry submission, translate, and send to MPS on December 10. 

Please contact Vu Tu Thanh (tvu@usasean.org) and Ella Duangkaew (eduangkaew@usasean.org) with any questions.

 
IN THIS UPDATE
 
 
Regional Affairs
Philippines-China joint oil activities in East Sea must follow int’l law: foreign ministry
APEC leaders fail to agree on joint statement
Việt Nam strives to join ASEAN countries with developed statistics
Vietnam carries out ASEAN Declaration on civil service’s role

National Affairs
National Assembly wraps up sixth session
Corruption won't be tolerated: NA Chairwoman
Social network ethics code complete: Minister
NA continue talks on implementing the CPTPP
CPTPP proposal shows Việt Nam’s willingness to change

Market Development
Vietnam’s auto industry in need of a kick start
Vietnam sees opportunities after US withdraws from UPU
Hanoi aims to become new location for Iphone factory
Steel firms strive to stay strong
SMEs urged to participate in global value chains
SOEs efficiency remains low: Prime Minister
The US supports Vietnamese small and medium enterprises
Vietnamese goods increase presence in Singapore
Vietnamese banks take advantage of digital era
Fintech the key to a modern digital banking strategy
Supply chain finance helps SMEs in emerging markets
Vietcombank’s application to establish a New York office approved
Plastics industry has more room for development

E-Payments
Payment with QR code booms in Vietnam
Vietnam’s first bank enables cardless cash withdrawals
Momo becomes first Vietnamese Fintech 100 firm

Economics
Non-tariff barriers hinder exporters
CPTTP may annually create up to 20,000 jobs for Vietnam
Vietnam to enjoy numerous benefits from CPTPP
New-generation FTAs offer FDI firms more rights in Vietnam
Local authorities seek permission to build international airports
Trade facilitation would promote VN’s competitiveness: forum
Foreign investors optimize Vietnam’s beverage market
Enterprise must catch up with new economic era
Move towards digital economy inevitable: forum
Bid to stop transfer pricing abuse has local firms crying foul

Energy
Energy sector faces big challenges ahead
More promising offshore energy
Waaree Energies bags 60 MW solar project in Vietnam
Enercon shows off 50 GW of installed wind turbine capacity
VN has great potential for wind power development
Petrol price falls sharply again
Vietnam's Ninh Thuan to hasten development of 748MW wind projects
Vietnam should increase solar FIT to $0.15/kWh, report says
Nhon Trach 2 thermal power plant produces 35 billion kWh in 7 years
Vietnam, Russia aim to nearly triple trade to $10 billion by 2020
An Giang offers incentives to investors in renewable energy plants
ADB offers solutions for green finance in Vietnam
Banks, petrol help market end positive
Vietnam to face gas shortage in 2020: MoIT
Domestic, foreign investors run race to develop solar power projects
Atomic energy potential remains untapped
VN makes progress in atomic energy utilisation: official
Southeast Asia's renewables held back by policy inaction: IRENA
Vietnam's power sector needs $150 bln boost by 2030 - World Bank official

Financial Services
Vietnam to lift foreign ownership limit on listed companies
Vietnam primed for M&A boom as foreign ownership limit eases

Food & Agriculture
Sales of prepared food sales increase, convenience store chains expand
Vietnam’s exporters sell more fruit thanks to blockchain apps
Roundtable shows aquaculture industry way forward
Việt Nam spends $1.43 billion on vegetables and fruits import
City cracks down on food-safety violators
Enterprises fined for violating food safety regulations
Better technologies needed for rice production in Mekong Delta
Tiền Giang star apples set for export to the US
Policy obstacles hinder the development of agricultural land
FLC plans to pour $1.5 billion in agribusiness
Vietnamese rice exports up, China biggest market
TCP doubling down with Vietnam play
Coffee Day to open in Đắk Nông
Bến Tre hosts agriculture conference
Việt Nam needs to restructure cashew production
Technology key to agricultural production: forum
Mexico, Việt Nam to co-operate on agricultural research
National food safety information database to be set up
3% annual growth for agriculture by 2020: Ministry
Multi-billion USD irrigation plan approved for Central Highlands
Experts make policy recommendations to foster Agriculture 4.0
Restructuring helps form three key categories of agricultural products
Online market for agricultural products launched
Long An to host third Việt Nam rice festival
FLC plans to pour US$1.5 billion into agriculture

Health & Life Sciences
Traditional medicine departments treat growing number of patients
More hospitals set to standardise, share medical test results
Biotechnology gene research used to screen and treat cancer
More drugstore chains join the market
Health Ministry to tighten control on advertising supplemental products
VN scientist successfully formulates liquid spore probiotic products
Telemedicine connects doctors, saves lives
HIV carriers registered with health insurance reach 89 percent
Medical alliance debuts in Da Nang city
Pharmaceutical retail market heats up with big players
Legislature mulls draft law on preventing effects of alcohol, beer
Most healthcare equipment imported
Changes needed in the health sector
Vietnamese spend nearly US$4 billion drinking beer annually: Health minister
Lung cancer kills over 20,000 Vietnamese people annually
Fatalities due to inborn abnormality remain high: expert
Vietnamese and French health experts gather to discuss lung cancer in Hà Nội
Dioxin contamination in Da Nang more serious than expected: conference
Skilled doctors reject work in remote areas
Three million Vietnamese youths suffer from mental health problems
New medical waste water treatment technology brings higher efficiency
Japan helps control HIV/AIDS

ICT
Cybersecurity risks increase in Vietnam
MIC urges on customer information protection
HCM City wants to become innovative economy
Global value chains a mixed bag for IT firms
VN internet economy to reach $9b in 2018
Developing new technology industries in 4.0 era
Vietnam’s internet economy a “dragon being unleashed”: Google-Temasek
Digital transformation emphasised as urgent tasks
Open-sourced data considerably benefit Vietnam
Vietnam to pilot 5G service next year
Vietnam wants 50 percent of social media users on domestic...
Blockchain global tour coming to HCM City
Lot of Industry 4.0 room for Vietnamese SMEs
GoBear, CredoLab launch credit score assessment app
Unknown origin IoT equipment possessing high security risks
Applications based on HCMGIS widely used in HCMC
Vietnam sets up facility to monitor all social network messages: minister
Vietnam rolls out web monitor to control 'false information'
First automated insurance application in Vietnam debuts
VN must focus on intellectual property

Infrastructure
Urbanisation poses challenges to VN’s sustainable development
Dong Nai to hand over land for Long Thanh airport
Vietnam to have two express railways by 2030
ACV to pour VNĐ4 trillion into upgrading Cát Bi International Airport
Vân Đồn International Airport getting ready for flights
Transport ministry to set higher emission standards for vehicles
New aviation decree to ease burden for firms
Vietnam's newest airline Bamboo gets aviation licence
Bà Rịa-Vũng Tàu to develop logistics sector
MoT seeks US$40 million for Mỹ Thuận-Cần Thơ expressway project’s site clearance
Need for logistics space at all-time high: JLL
Vietjet inks US$6.5 billion Airbus deal for 50 planes

Market Regulation
ILO: CPTPP helps Vietnam advance labor reforms
New law designed to ensure healthy competition
Finance Ministry tightens control over FIE transfer pricing, domestic businesses suffer
New securities law is a better fit
Vietnam maintains tariffs on imported steel
Local corporations pay higher corporate income tax

Travel & Tourism
Quảng Ninh considers fee reduction for tourists arriving by air
Tourism consultancy services in high demand
 
ARTICLE CLIPS
 
 
Regional Affairs

Philippines-China joint oil activities in East Sea must follow int’l law: foreign ministry Vietnam News 23rd Nov 2018
Joint oil exploration between China and Philippines in the South China Sea (called East Sea by Việt Nam) can only be conducted in waters over which the two have sovereignty and sovereign rights as per international law.

APEC leaders fail to agree on joint statement Vietnam Net Bridge 18th Nov 2018
Leaders from 21 Asia-Pacific Economic Cooperation (APEC) economies on November 18 were unable to sign a joint statement at the 26th APEC Economic Leaders’ Meeting in Papua New Guinea in the context of deep divisions between the US and China over trade and investment.

Việt Nam strives to join ASEAN countries with developed statistics Vietnam News 1st Nov 2018
The ASEAN Community Statistical System (ACSS) made a great contribution to the ASEAN economy, said Nguyễn Thị Hương, deputy director of the General Statistics Office of Vietnam (GSO).

Vietnam carries out ASEAN Declaration on civil service’s role Vietnam Net Bridge 1st Nov 2018
Prime Minister Nguyen Xuan Phuc has just approved a project to implement the “ASEAN Declaration on the Role of the Civil Service as A Catalyst for Achieving the ASEAN Community Vision 2025”.

National Affairs

National Assembly wraps up sixth session Vietnam Net Bridge 27th Nov 2018
The final meeting of the 14th National Assembly (NA)’s sixth session took place in Hanoi on November 20 under the chair of NA Chairwoman Nguyen Thi Kim Ngan, which was live broadcast nationwide.

Corruption won't be tolerated: NA Chairwoman Vietnam News 27th Nov 2018
Chairwoman of the National Assembly Nguyễn Thị Kim Ngân affirmed the strict stance the Communist Party of Việt Nam and State took on corruption during a meeting with voters in the Mekong Delta city of Cần Thơ on Monday.

Social network ethics code complete: Minister Vietnam News 8th Nov 2018
In a bid to create a healthy networking atmosphere in the country, the Ministry of Information and Communications (MIC) has completed a code of conduct on social networks for internet service providers and users, said Nguyễn Mạnh Hùng, Minister of Information and Communications.

NA continue talks on implementing the CPTPP Vietnam News 6th Nov 2018
Deputy Prime Minister and Minister of Foreign Affairs Phạm Bình Minh delivered a report to the National Assembly yesterday to address a number of issues related to the approval of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) including the agreement’s impact, labour organisations and potential amendments to current laws and regulations necessitated by the signing of the partnership.

CPTPP proposal shows Việt Nam’s willingness to change Vietnam News 3rd Nov 2018
Party General Secretary and President Nguyễn Phú Trọng yesterday presented a proposal to the National Assembly asking for the parliament’s ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Market Development

Vietnam’s auto industry in need of a kick start Vietnam Net Bridge 28th Nov 2018
In order to help boost the Vietnamese automobile industry – one of the most important contributors to national economic growth – the country could do with focusing on its policy stability, market expansion, support industry development, and connectivity reinforcement, according to insiders.

Vietnam sees opportunities after US withdraws from UPU Vietnam Net Bridge 25th Nov 2018
After 140 years of use, the US has decided to leave UPU (Universal Postal Union), saying that the benefits are insufficient. The withdrawal is expected to be a great opportunity for Vietnam’s shipping and delivery service.

Hanoi aims to become new location for Iphone factory Vietnam Net Bridge 23rd Nov 2018
Hanoi gathers favorable conditions to become headquarters of world’s leading corporations, according to a business executive.

Steel firms strive to stay strong Vietnam News 23rd Nov 2018
In recent months, Việt Nam’s steel industry has had to compete with a rising amount of imported steel in the domestic market and faces a number of anti-dumping investigations in export destinations, reported the Ministry of Industry and Trade.

SMEs urged to participate in global value chains Vietnam News 22nd Nov 2018
Small- and medium-sized enterprises (SMEs) must enhance their competitiveness to participate in Industry 4.0 and inclusive global value chains in the context of rapid integration and technology advancements, experts have said.

SOEs efficiency remains low: Prime Minister Vietnam News 22nd Nov 2018
The contribution of many SOEs to economic development is low compared to their potential, said the Prime Minister Nguyễn Xuân Phúc.

The US supports Vietnamese small and medium enterprises Vietnam Net Bridge 22nd Nov 2018
The U.S.-ASEAN Business Council (USABC) on November 21 held a workshop titled Elevating SMBs into Industrial Revolution 4.0 and Inclusive Global Value Chains in the northern province of Hai Phong.

Vietnamese goods increase presence in Singapore Vietnam News 21st Nov 2018
Vũ Thị Thanh Hạnh, general manager of Learth Việt Nam Co Ltd, said sales of her company’s VietJoy leaf tea products were very good three months after they entered the Singaporean market.

Vietnamese banks take advantage of digital era Vietnam News 3rd Nov 2018
Việt Nam has seen a digital wave in the finance-banking industry, with many banks investing significantly into the segment, experts said at a conference on Thursday.

Fintech the key to a modern digital banking strategy Vietnam News 3rd Nov 2018
Fintech is gaining popularity around the world as Southeast Asia, including Việt Nam, becomes a target for fintech’s global expansion.

Supply chain finance helps SMEs in emerging markets Vietnam News 3rd Nov 2018
FinTech helps small- and medium-sized enterprises (SMEs) in emerging markets like Việt Nam participate in supply chain finance, spurring company growth, speakers said at an APEC conference on supply chain finance held yesterday in HCM City.

Vietcombank’s application to establish a New York office approved Vietnam News 1st Nov 2018
The US Federal Reserve Board announced on its website early this week that it had approved the application by Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) to establish an office in New York City.

Plastics industry has more room for development Vietnam News 1st Nov 2018
According to the Việt Nam Plastics Association, there is still much room for growth, but a lack of domestic supply of raw materials is among the factors hindering it.

E-Payments

Payment with QR code booms in Vietnam Vietnam Net Bridge 20th Nov 2018
Payments for many different kinds of goods and services, from air tickets to electricity bills, can be made by scanning QR codes with mobile cameras.

Vietnam’s first bank enables cardless cash withdrawals Vietnam Net Bridge 6th Nov 2018
Tien Phong Commercial Joint Stock Bank (TPBank) is the first bank in Vietnam to allow cash withdrawals using a QR Code at both its ATMs and Livebank service without needing a card.

Momo becomes first Vietnamese Fintech 100 firm VnExpress International 5th Nov 2018
Vietnam’s mobile, electronic wallet and payment application Momo is among the top 100 innovative fintech companies in the world.

Economics

Non-tariff barriers hinder exporters Vietnam News 23rd Nov 2018
It is critical to enhance the awareness of businesses about non-tariff measures and build the capacity to tackle invisible trade barriers, experts have said.

CPTTP may annually create up to 20,000 jobs for Vietnam Vietnam Net Bridge 17th Nov 2018
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to create 17,000 to 20,000 jobs each year for Vietnamese workers, said Dao Quang Vinh, director of the Institute of Labor Science and Social Affairs, under the Ministry of Labor, Invalids and Social Affairs.

Vietnam to enjoy numerous benefits from CPTPP Vietnam Net Bridge 16th Nov 2018
Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will provide Vietnam with a good opportunity to continue perfecting its socialist-oriented market economy institutions and improving its business and investment environment in a more open and transparent manner, many experts have said.

New-generation FTAs offer FDI firms more rights in Vietnam Vietnam Net Bridge 8th Nov 2018
Though Vietnam has more opportunities to promote exports thanks to tariff reduction in new-generation free trade agreements (FTA), the country, in return, also has to offer foreign invested enterprises more rights under the deals’ commitments.

Local authorities seek permission to build international airports Vietnam Net Bridge 8th Nov 2018
Nearly all provinces believe that there should be international airports in their localities to serve the increasingly high number of travelers, help attract investment, and develop tourism.

Trade facilitation would promote VN’s competitiveness: forum Vietnam News 8th Nov 2018
Free trade agreements (FTAs) may have significantly reduced import tariffs in many markets for Vietnamese goods, but administrative reform, reduction of trading costs and improving the business environment are key to improving national competitiveness, a forum heard in HCM City yesterday.

Foreign investors optimize Vietnam’s beverage market Vietnam Net Bridge 7th Nov 2018
Foreign beverage producers are expanding footprint in Vietnam to capitalize high growth potentials of the estimated US$4 billion market.

Enterprise must catch up with new economic era Vietnam News 3rd Nov 2018
Enterprise in the new economic era of transforming from traditional to digital economy must choose sustainable development of significant breakthrough to reach outstanding level of business scale and effectiveness, a seminar heard in HCM City yesterday.

Move towards digital economy inevitable: forum Vietnam News 2nd Nov 2018
Digitisation of the economy is inevitable and would help HCM City achieve sustainable development and resolve its problems like traffic jams, flooding, pollution, and climate change, a forum heard in HCM City yesterday.

Bid to stop transfer pricing abuse has local firms crying foul VnExpress International 1st Nov 2018
Local companies complain they are caught in the crossfire of new regulations against transfer pricing abuse by foreign firms.

Energy

Energy sector faces big challenges ahead Vietnam Net Bridge 27th Nov 2018
The challenges the power sector needs to overcome over the next two decades are substantial to ensure it achieves its goals to provide sustainable, clean, affordable and reliable power supply to the people of Viet Nam.

More promising offshore energy Vietnam Net Bridge 27th Nov 2018
Vietnam’s huge potential in the offshore wind industry has caught the eye of overseas investors, but further work is required to kick-start the fledgling market, according to energy experts.

Waaree Energies bags 60 MW solar project in Vietnam The Economic Times 26th Nov 2018
Solar power solutions provider Waaree Energies Friday said it has bagged a contract to set up 60 megawatt (MW) ground mounted solar project in Vietnam.

Enercon shows off 50 GW of installed wind turbine capacity Renewables Now 26th Nov 2018
October 26 (Renewables Now) - German wind turbine maker Enercon GmbH today said it has recorded over 50 GW of installed wind turbine capacity globally, achieving a new milestone.

VN has great potential for wind power development Vietnam News 24th Nov 2018
A project called “Support to the Up-Scaling of Wind Power in Việt Nam” has played an important role in promoting wind power investments in Việt Nam.

Petrol price falls sharply again Vietnam News 22nd Nov 2018
The retail price of biofuel E5 RON 92 fell by VNĐ975 to trade at a maximum of VNĐ18,627 (US$0.79) per litre at 3pm today, the Ministries of Industry and Trade, and Finance announced.

Vietnam's Ninh Thuan to hasten development of 748MW wind projects Asian Power 21st Nov 2018
Licences have been given to 12 of 16 planned wind power projects.

Vietnam should increase solar FIT to $0.15/kWh, report says PV Magazine 20th Nov 2018
According to a report published by the Asian Development Bank (ADB), key factors such as the low-regulated price of electricity and uncertainty of the creditworthiness of Vietnam’s state-owned utility EVN are making it difficult to develop bankable solar and RE projects.

Nhon Trach 2 thermal power plant produces 35 billion kWh in 7 years Vietnam Plus 20th Nov 2018
The Nhon Trach 2 thermal power plant in the southern province of Dong Nai has generated 35 billion kWh for the national grid over just seven years of operation, announced the PetroVietnam Power Nhon Trach 2 company on November 20.

Vietnam, Russia aim to nearly triple trade to $10 billion by 2020 Euronews 19th Nov 2018
Vietnam and Russia on Monday agreed to nearly triple bilateral trade to $10 billion (7.7 billion pounds) by 2020 from $3.55 billion last year, while expanding energy ties.

An Giang offers incentives to investors in renewable energy plants Vietnam News 19th Nov 2018
An Giang Province is offering incentives to investors in renewable energy plants that use the sun and waste such as rice husks to generate energy.

ADB offers solutions for green finance in Vietnam Vietnam Net Bridge 17th Nov 2018
Considering the major barriers to financing renewable energy (RE) projects in Vietnam, researchers at the Asian Development Bank (ADB) have recommended the Government establish more conducive conditions for private investment and strengthen the domestic funding environment through a functional financial market.

Banks, petrol help market end positive Vietnam News 17th Nov 2018
Banks and petroleum companies drove the Vietnamese stock market up on Friday while caution still weighed on overall sentiment ahead of the US-China talks at the G20 summit.

Vietnam to face gas shortage in 2020: MoIT Vietnam Net Bridge 15th Nov 2018
Viet Nam may have to import gas from 2020 to produce electricity for the country’s socio-economic development, according to the Ministry of Industry and Trade (MoIT).

Domestic, foreign investors run race to develop solar power projects Vietnam Net Bridge 14th Nov 2018
In the last couple of weeks, several solar power projects capitalized at trillions of dong have kicked off.

Atomic energy potential remains untapped Vietnam Net Bridge 4th Nov 2018
The opinion gained consensus among experts at a two-day conference on the utilisation of atomic energy in socio-economic development from November 1 to 2.

VN makes progress in atomic energy utilisation: official Vietnam News 3rd Nov 2018
Viet Nam has made great strides in researching and applying radiation and radioactive isotopes to serve development, an official said.

Southeast Asia's renewables held back by policy inaction: IRENA Reuters 1st Nov 2018
Southeast Asia is a potential hotspot for renewable energy, yet the region has not met expectations because it lacks policy frameworks that would encourage investment, the International Renewable Energy Agency (IRENA) told Reuters.

Vietnam's power sector needs $150 bln boost by 2030 - World Bank official Reuters 27th Nov 2018
Power-hungry Vietnam, one of Asia’s fastest-growing economies and a production hub for global companies such as Samsung Electronics, needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official. Vietnam has been struggling to develop its energy industry due to a lack of state funds. The Southeast Asian country’s hydropower potential has almost been fully exploited, oil and gas reserves are running low, and Vietnam recently went from a net exporter to net importer of coal. “The financing requirements of the sector have been huge,” World Bank country director Ousmane Dione said in a speech to Vietnamese government officials and energy partners on Monday, a copy of which was reviewed by Reuters on Tuesday.

Financial Services

Vietnam to lift foreign ownership limit on listed companies Reuters 14th Nov 2018
Vietnam plans to lift some limits on the foreign ownership of listed companies, the country’s stock market regulator said on Wednesday, in a move analysts said could boost overseas interest in one of Asia’s fastest-growing economies.

Vietnam primed for M&A boom as foreign ownership limit eases Nikkei Asian Review 1st Nov 2018
Vietnam appears poised for a surge of investment following the country's move to lift restrictions on foreign ownership of companies, as Asian multinationals realize the benefits of having a presence in one of the region's fastest-growing economies. The planned reform comes as the growing trade war between Washington and Beijing turns Vietnam into a haven for businesses wary about maintaining or expanding production in China.

Food & Agriculture

Sales of prepared food sales increase, convenience store chains expand Vietnam Net Bridge 28th Nov 2018
Consumers are spending more money on food and drinks, especially prepared foods, including dairy products, instant noodles and sausages.

Vietnam’s exporters sell more fruit thanks to blockchain apps Vietnam Net Bridge 27th Nov 2018
Utilizing blockchain to improve the traceability of farm produce is expected to be a good solution to boost fruit exports.

Roundtable shows aquaculture industry way forward Vietnam News 23rd Nov 2018
Developing concentrated aquaculture areas, strengthening linkages among stakeholders, optimising costs, increasing the use of technology, and building brands are among the measures that would add value to the aquaculture sector, according to the Directorate of Fisheries.

Việt Nam spends $1.43 billion on vegetables and fruits import vietnamnews.vn 14th Nov 2018
Việt Nam imported fruit and vegetables worth US$1.43 billion in the first 10 months of this year, a year-on-year increase of 13.1 per cent, according to statistics of the Ministry of Agriculture and Rural Development (MARD). Thailand was the largest import market, accounting for 43.3 per cent of the total value, followed by China with 23.1 per cent, and the remainder mostly from Australia, South Korea and the US.

City cracks down on food-safety violators Vietnam News 8th Nov 2018
The HCM City Food Safety Management Board has set up 11 teams to manage food safety at inter-district levels and two others at Hóc Môn and Bình Điền wholesale markets to resolve violations.

Enterprises fined for violating food safety regulations Vietnam News 6th Nov 2018
The Việt Nam Food Administration (VFA) under the Ministry of Health has fined two dozen companies for violating food safety and hygiene regulations.

Better technologies needed for rice production in Mekong Delta Vietnam News 5th Nov 2018
Rice production in the Mekong Delta needs more modern technologies and better cooperation among farmers, experts said during a conference in Cần Thơ City last Friday.

Tiền Giang star apples set for export to the US Vietnam News 2nd Nov 2018
Farmers in the Mekong Delta province of Tiền Giang are preparing to ship 400 tonnes of well-known local Lò Rèn star apples to the US this year.

Policy obstacles hinder the development of agricultural land Vietnam News 1st Nov 2018
Land is considered the most important aspect of agricultural production. However, slow land accumulation and policy obstacles are hindering the development of the agricultural land market in Việt Nam.

FLC plans to pour $1.5 billion in agribusiness Vietnam Net Bridge 1st Nov 2018
Property developer FLC Group said it will inject 1.5 billion USD into agricultural development across 15,000 hectares of lands in Vietnam during 2018 – 2019.

Vietnamese rice exports up, China biggest market Bangkok Post 29th Nov 2018
Vietnam's rice exports are expected to rise 5.7% this year to 6.15 million metric tonnes, the Ministry of Industry and Trade said on Thursday. China remains Vietnam's largest rice export market this year, accounting for 24.1% of the total shipments in the January-October period, the ministry said.

TCP doubling down with Vietnam play Bangkok Post 26th Nov 2018
TCP Group, the maker and distributor of Krating Daeng, Sponsor, Mansome and Puriku drinks, as well as Sun Snacks, vows to double investment in Vietnam to 4 billion baht during 2019-21.

Coffee Day to open in Đắk Nông Viet Nam News 26th Nov 2018
The second Vietnamese Coffee Day will run from December 9 to 11 in Gia Nghĩa Town, Đắk Nông Province to boost the sustainable development of the coffee industry and increase the value of coffee products.

Bến Tre hosts agriculture conference Viet Nam News 24th Nov 2018
A total of 309 contracts and MoUs were signed between enterprises from 35 provinces and cities at a conference to promote agricultural production and consumption which opened in the Mekong Delta province of Bến Tre on Thursday.

Việt Nam needs to restructure cashew production Viet Nam News 21st Nov 2018
Việt Nam’s cashew industry would need to restructure production and processing in order to ensure enough raw materials for sustainable development, according to experts.

Technology key to agricultural production: forum Viet Nam News 15th Nov 2018
The use of technology is considered one of the most important factors to improve the yields and quality of agricultural products and enable them to join the global value chain, delegates heard at a forum in HCM City on Wednesday.

Mexico, Việt Nam to co-operate on agricultural research vietnamnews.vn 14th Nov 2018
Mexico and Việt Nam committed to co-operating in the agricultural sector as the National Institute of Forestry, Agriculture and Livestock Investigations (INIFAP) of Mexico and the Việt Nam Academy of Agricultural Sciences (VAAS) signed a Memorandum of Understanding (MoU) on Wednesday in Hà Nội. Under the agreement, INIFAP and VAAS will facilitate dialogue to identify and execute projects in areas of interest to both parties, such as selection of seeds through biotechnology, research of rice and corn seeds and management of nutrition in soil.

National food safety information database to be set up vietnamnews.vn 14th Nov 2018
To tackle rampant food safety issues in Việt Nam, a national information database with real-time updates will be set up, according to Deputy Prime Minister Vũ Đức Đam. Deputy PM Đam said the database must be as user-friendly as possible so that “any farmer or restaurant can post information regarding their products on the database with little effort.” “Meanwhile, consumers will be able to easily share information on products or producers that violate food safety regulations. In the future, consumers could just open their phone to know the locations of trusted restaurants near them, or trace the origins of the vegetables they want to buy,” Deputy PM Đam said.

3% annual growth for agriculture by 2020: Ministry vietnamnews.vn 12th Nov 2018
Việt Nam’s agriculture sector is aiming for annual growth of a minimum 3 per cent, with labour productivity improving 3.5 per cent a year by 2020, said agriculture deputy minister Hà Công Tuấn. The ministry has also set a goal of having 15,000 effective agriculture co-operatives, increasing the rural population’s income by 1.8 times compared to 2015 and half of communes meeting ‘new rural’ criteria, deputy minister Tuấn said during a conference reviewing the agriculture restructuring plan held in Hà Nội late last week.

Multi-billion USD irrigation plan approved for Central Highlands Voice of Vietnam 12th Nov 2018
Of the investment, over VND93 trillion will be spent on water supply, nearly VND7.6 trillion on water drainage and flood prevention, and VND1.3 trillion on non-construction solutions. The capital will be sourced from annual allocation of the State budget, investment from economic sectors and contributions of residents in target areas. The irrigation master plan aims to enhance the region’s capacity to adapt to climate change, serve agricultural restructuring, modernise the region’s irrigation systems and ensure water supply for agricultural and industrial production, and residents’ daily life.

Experts make policy recommendations to foster Agriculture 4.0 Voice of Vietnam 10th Nov 2018
Addressing the event, CIEM Deputy Director Phan Duc Hieu said that the Fourth Industrial Revolution (Industry 4.0) has increased efficiency in agriculture for many countries. In Vietnam, several agribusinesses have applied digital technologies in their production stages, from seedling and cultivation to harvest and distribution, he said. Though Industry 4.0 helps reduce labour intensity and improve productivity for the sector, few companies have made proper use of the technology, he noted, emphasising the need to formulate policies to foster better high-tech approaches amongst agribusinesses. Nguyen Thi Luyen, head of the CIEM’s Department of Economic Institution, mentioned the significance of agriculture in the country’s economic growth, saying the sector has enjoyed an increasing trade surplus, which has exceeded US$8 billion so far this year, not to mention providing 40% of the nation’s total employment.

Restructuring helps form three key categories of agricultural products vietnamnews.vn 8th Nov 2018
One of the main achievements of Việt Nam’s agricultural restructuring plan over the last five years is the formation of three product categories – national key products, local key products and those under the programme “one village, one product”. National key agricultural products are those with an export value of at least US$1 billion each. Local key products are those that make up a major proportion of agricultural production and have great potential for expansion and technological application. The “one village, one product” programme focuses on special local products to ensure they are preserved and promoted.

Online market for agricultural products launched Viet Nam News 7th Nov 2018
The website www.gcaeco.vn, an online marketplace for agricultural products and clean food, was officially launched in Hà Nội on Wednesday as part of the Global Clean Agriculture (GCA) project.

Long An to host third Việt Nam rice festival Viet Nam News 7th Nov 2018
The third Việt Nam Rice Festival to be held in the southern province of Long An from December 18 to 24 will seek to honour and promote Vietnamese rice in the global market, organisers said yesterday.

FLC plans to pour US$1.5 billion into agriculture Viet Nam News 2nd Nov 2018
Property developer FLC Group said it will inject US$1.5 billion into agricultural development across 15,000 hectares of land in Việt Nam during 2018 and 2019.

Health & Life Sciences

Traditional medicine departments treat growing number of patients Vietnam Net Bridge 28th Nov 2018
Doctors and physiotherapists at HCM City’s District 11 Hospital’s traditional medicine department are treating more and more patients who prefer traditional methods over Western medicine, or want a combination of both.

More hospitals set to standardise, share medical test results Vietnam Net Bridge 28th Nov 2018
First-grade hospitals in the country are undertaking many activities for standardisation and quality control of medical laboratories to be able to share medical test results with each other.

Biotechnology gene research used to screen and treat cancer Vietnam Net Bridge 28th Nov 2018
Apple’s legendary CEO Steve Jobs predicted that the biggest innovations of the 21st century will be the intersection of biology and technology.

More drugstore chains join the market Vietnam Net Bridge 28th Nov 2018
Besides brick-and-mortar drugstores, Vietnam also has online stores and smart stores which distribute drugs to clients.

Health Ministry to tighten control on advertising supplemental products Vietnam Net Bridge 25th Nov 2018
The Ministry of Health has called upon scientists and enterprises to announce scientific research on health supplements sold on the market.

VN scientist successfully formulates liquid spore probiotic products Vietnam Net Bridge 24th Nov 2018
Probiotics are beneficial bacteria and play a key role in improving health and cutting the odds of contracting digestive diseases.

Telemedicine connects doctors, saves lives Vietnam Net Bridge 23rd Nov 2018
In 2013, a project to address understaffing and overcrowding at central hospitals in Vietnam was approved, highlighting ‘telemedicine’ as a key measure to solve the problems.

HIV carriers registered with health insurance reach 89 percent Vietnam Net Bridge 21st Nov 2018
As many as 89 percent of HIV/AIDS patients receiving antiretroviral drug (ARV) treatment in Vietnam have signed up for health insurance cards so far, with the figure expected to exceed 90 percent by the end of this year.

Medical alliance debuts in Da Nang city Vietnam Net Bridge 21st Nov 2018
Medical alliance HM Group has launched in the central city of Da Nang with the aim of serving 500,000 patients by 2020 and boosting information technology and human resources for hospitals and clinics.

Pharmaceutical retail market heats up with big players Vietnam Net Bridge 19th Nov 2018
That large retailers with strong financial strength and good governance joining the Vietnamese drugs distribution market is expected to drive the domestic pharmaceutical retail market forward in the coming time.

Legislature mulls draft law on preventing effects of alcohol, beer Vietnam Net Bridge 17th Nov 2018
The 14th National Assembly discussed the draft Law on Preventing and Combating Harmful Effects of Alcohol and Beer during the ongoing sixth session in Hanoi on November 16.

Most healthcare equipment imported Vietnam Net Bridge 14th Nov 2018
The local healthcare sector only produces very basic equipment, while the majority of advanced healthcare equipment is imported from developed countries, heard a regional forum in Hanoi on November 12.

Changes needed in the health sector Vietnam Net Bridge 14th Nov 2018
Global trends in health policies and practical access in the context of the rapidly aging population were topics of discussion at a forum on health care yesterday in Hanoi.

Vietnamese spend nearly US$4 billion drinking beer annually: Health minister Vietnam Net Bridge 14th Nov 2018
In 2017, Vietnamese people spent nearly US$4 billion on beer, according to Minister of Health Nguyen Thi Kim Tien.

Lung cancer kills over 20,000 Vietnamese people annually Vietnam Net Bridge 10th Nov 2018
Lung cancer has become the leading killer of cancers in Vietnam with more than 23,000 fresh cases a year, said seminar participants in Vietnam- France cancer seminar yesterday in Hanoi.

Fatalities due to inborn abnormality remain high: expert Vietnam News 7th Nov 2018
Huyền Trang and her family were devastated when her first child died unexpectedly and without obvious cause at only two months old.

Vietnamese and French health experts gather to discuss lung cancer in Hà Nội Vietnam News 7th Nov 2018
Vietnamese and French health experts exchanged professional experience on cancer control and prevention, with a focus on lung cancer, at the second Việt Nam–France conference on cancer, which opened Wednesday in Hà Nội.

Dioxin contamination in Da Nang more serious than expected: conference Vietnam News 7th Nov 2018
The dioxin contamination of soil in Da Nang was worse than expected, experts said at a conference reviewing the cleanup on Tuesday.

Skilled doctors reject work in remote areas Vietnam News 7th Nov 2018
Doctors have rejected jobs at health centres at commune and ward levels in poor and remote areas in the northern mountainous province of Hà Giang after receiving training to improve their capability.

Three million Vietnamese youths suffer from mental health problems Vietnam News 6th Nov 2018
About three million young Vietnamese people are affected by mental and psychological problems, but only 20 percent of them receive medical treatment while the rest resort to alcohol, tobacco and drug use, said a doctor in HCM City.

New medical waste water treatment technology brings higher efficiency Vietnam Net Bridge 5th Nov 2018
MBBR (Moving Bed Biofilm Reactor) is a medical waste water treatment technology which has 1.5-2 times higher efficiency than conventional aerobic bioreactors.

Japan helps control HIV/AIDS Vietnam News 2nd Nov 2018
The National Hospital of Tropical Diseases and the Japan International Co-operation Agency (JICA) signed a record of discussions for a co-operation project to set up a bench-to-bedside system for sustainable anti-virus (ARV) and HIV prevention in Việt Nam.

ICT

Cybersecurity risks increase in Vietnam Vietnam Net Bridge 27th Nov 2018
Threats to information safety and cybersecurity are becoming more serious as the use of unsafe equipment such as internet protocol cameras, routers and Voice over Internet Protocol (VoIP) is increasing in Viet Nam, according to a source from the Sai Gon Giai Phong (Liberated Saigon) newspaper.

Cybersecurity risks increase in VN Vietnam News 26th Nov 2018
Threats to information safety and cybersecurity are becoming more serious as the use of unsafe equipment such as internet protocol cameras, routers and Voice over Internet Protocol (VoIP) is increasing in Việt Nam, according to a source from the Sài Gòn Giải Phòng (Liberated Saigon) newspaper.

MIC urges on customer information protection Vietnam News 24th Nov 2018
The Authority of Information Security under the Ministry of Information and Communications recently gave some recommendations to protect legal rights and interests of customers and enterprises following alleged data leaks from Thế Giới Di Động (Mobile World) Corporation and FPT Shop.

HCM City wants to become innovative economy Vietnam News 24th Nov 2018
A roadmap with strategic targets and specific initiatives is needed for HCM City to become an innovative business hub in Southeast Asia, speakers said at an international economic forum held yesterday.

Global value chains a mixed bag for IT firms Vietnam News 23rd Nov 2018
Growth opportunities abound in the internet of things segment but problems like outdated technologies, poor management skills and low technical capacity are preventing Vietnamese firms from entering global value chains, a workshop heard in HCM City on Thursday.

VN internet economy to reach $9b in 2018 Vietnam News 22nd Nov 2018
The Vietnamese internet economy has almost tripled in three years to reach US$9 billion in 2018, driven by e-commerce and online media, a new report released by Google and Temasek showed.

Developing new technology industries in 4.0 era Vietnam News 22nd Nov 2018
The Fourth Industrial Revolution is expected to create new technology industries which could drive Việt Nam’s economic growth, according to Nguyễn Thị Tuệ Anh, the Central Institute for Economic Management (CIEM) deputy director.

Vietnam’s internet economy a “dragon being unleashed”: Google-Temasek Vietnam Net Bridge 21st Nov 2018
Vietnam’s internet economy has made a turnover of US$9 billion in gross merchandise value (GMV) in 2018 across online travel, e-commerce, online media and ride hailing, which is akin to “a dragon being unleashed”, described the latest report jointly launched by Google and Singapore’s state investment firm Temasek.

Digital transformation emphasised as urgent tasks Vietnam News 21st Nov 2018
Enterprises need to change their mindset to move into the digital world ahead of the fourth industrial revolution, a leading government minister said this week.

Open-sourced data considerably benefit Vietnam Vietnam Net Bridge 17th Nov 2018
Open-sourced data is increasingly considered a flexible resource which greatly benefits businesses, consumers, as well as the national economy in general. Therefore, Ho Chi Minh City is now running the project to build a common database for public use.

Vietnam to pilot 5G service next year Vietnam Net Bridge 17th Nov 2018
Vietnam will pilot a fifth-generation (5G) network next year and officially provide the service in 2020, said Minister of Information and Communications Nguyen Manh Hung.

Vietnam wants 50 percent of social media users on domestic... Reuters 8th Nov 2018
Vietnam wants 50 percent of its social media customers to use domestic social networks by 2020 and plans to prevent “toxic information” on Facebook and Google, the information ministry said in a statement on Thursday. The ministry has been drafting a code of conduct for the internet to “build a healthy and safe network environment”.

Blockchain global tour coming to HCM City Vietnam News 7th Nov 2018
The Blockchain for Sustainable Development Goals Europe - Asia Tour will arrive in HCM City on November 24 after visiting Indonesia, Hong Kong, Japan, Taiwan, the UK, and Switzerland.

Lot of Industry 4.0 room for Vietnamese SMEs VnExpress International 7th Nov 2018
Contrary to popular perception that Industry 4.0 sidelines SMEs, smaller firms can better leverage the revolution, experts say.

GoBear, CredoLab launch credit score assessment app Vietnam News 5th Nov 2018
Asia’s first and only metasearch engine in insurance and banking, GoBear, has tied up with smartphone-based alternative credit scoring provider CredoLab to launch Easy Apply, an app that enables financial institutions to extend credit to a larger pool of customers.

Unknown origin IoT equipment possessing high security risks Vietnam Net Bridge 5th Nov 2018
Evaluations from the Authority of Information Security under the Ministry of Information and Communications show that at the moment, there are many unidentified origin Internet of Things (IoT) devices which cannot ensure the information safety, 70 percent of those have a very high potential of being attacked.

Applications based on HCMGIS widely used in HCMC Vietnam Net Bridge 3rd Nov 2018
With a huge database on Geographic Information System (GIS) collected after many years to be used in various applications of different departments, agencies, and districts, the platform of HCMGIS is expected to greatly contribute to the common database of Ho Chi Minh City while allowing easy integration into new software.

Vietnam sets up facility to monitor all social network messages: minister VnExpress International 1st Nov 2018
The government is stepping up efforts to combat fake news on social networks, information minister Nguyen Manh Hung has told the National Assembly.

Vietnam rolls out web monitor to control 'false information' Channel NewsAsia 1st Nov 2018
Vietnam said on Wednesday (Oct 31) it has set up a web monitoring unit that can scan up to 100 million news items per day for "false information", in a move that tightens its grip on internet freedom. The one-party state has rolled out a series of measures to boost its control of online communication, which critics say is aimed at punishing activists who use Facebook and YouTube as their main platforms.

First automated insurance application in Vietnam debuts Vietnam Net Bridge 1st Nov 2018
An automatic insurance application utilizing Artificial Intelligence and Blockchain technologies made its debut for the first time in Vietnam at a press conference in HCM City on October 30.

VN must focus on intellectual property Vietnam News 1st Nov 2018
Lack of attention to registering brand names and geographical indications is causing difficulties to Vietnamese agricultural products, which are sometimes shut out of other markets after their names are usurped by others, a seminar heard in HCM City on Wednesday.

Infrastructure

Urbanisation poses challenges to VN’s sustainable development Vietnam Net Bridge 28th Nov 2018
Vietnam had been immersed in a golden period of urbanisation with a growing number of city development projects. This period was predicted to continue after 2050 but could prove challenging, said Associate Professor Architecture Pham Thuy Loan, deputy director of Viet Nam National Institute of Architecture at a seminar on urban design and development in Hanoi yesterday.

Dong Nai to hand over land for Long Thanh airport Vietnam Net Bridge 14th Nov 2018
The southern province of Dong Nai has decided to hand over 1,165 hectares of land for the first construction phase of Long Thanh International Airport in early 2019.

Vietnam to have two express railways by 2030 Vietnam Net Bridge 13th Nov 2018
Vietnam is expected to have two express railways connecting the capital city of Hanoi with the southern metropolis HCMC by 2030.

ACV to pour VNĐ4 trillion into upgrading Cát Bi International Airport Viet Nam News 27th Nov 2018
The Airports Corporation of Việt Nam (ACV) is focusing on accelerating investment in key projects at Cát Bi International Airport (Hải Phòng) with a total investment capital of about VNĐ4 trillion (US$170.1 million).

Vân Đồn International Airport getting ready for flights Viet Nam News 21st Nov 2018
Vân Đồn International Airport in the northern province of Quảng Ninh, developed by Sun Group, is on track to start commercial flights by the end of this year, with construction of the technical system near completion.

Transport ministry to set higher emission standards for vehicles Viet Nam News 15th Nov 2018
The Ministry of Transport (MoT) plans to tighten control of emissions of vehicles in circulation as well as used vehicles imported to curb air pollution.

New aviation decree to ease burden for firms Viet Nam News 13th Nov 2018
A Governmental decree drafted by the transport ministry to simplify business conditions for potential investors in the aviation sector has been sent to Prime Minister Nguyễn Xuân Phúc for approval.

Vietnam's newest airline Bamboo gets aviation licence Channel News Asia 13th Nov 2018
Vietnam's newest carrier Bamboo Airways has been granted a licence to fly, officials and the airline said, paving the way for its inaugural flight in a region crowded with competitors.

Bà Rịa-Vũng Tàu to develop logistics sector Viet Nam News 7th Nov 2018
The southern province of Bà Rịa-Vũng Tàu has set a goal to develop logistics into a major service sector with a focus on seaport development. As a sea-based economy, the province wants to increase the current capacity of its seaports, improve international transshipment services, and achieve throughput capacity of more than 100 million tonnes in coming years. The province will also continue to upgrade roads to improve connectivity and enhance goods and service circulation, local authorities have said.

MoT seeks US$40 million for Mỹ Thuận-Cần Thơ expressway project’s site clearance Viet Nam News 6th Nov 2018
The Ministry of Transport has proposed the Government allocate VNĐ932 billion (US$40 million) from contingency reserves for the Mỹ Thuận-Cần Thơ expressway project to entice businesses to invest in the project.

Need for logistics space at all-time high: JLL Viet Nam News 3rd Nov 2018
The reliance and need for logistics space was at an all-time high, driven by advancements in the e-commerce sector, according to real estate and investment management services firm Jones Lang Lasalle (JLL).

Vietjet inks US$6.5 billion Airbus deal for 50 planes Channel News Asia 2nd Nov 2018
Vietnam's fast-growing budget carrier VietJet famed for its bikini-clad air hostesses signed a deal with France's Airbus on Friday (Nov 2) for 50 planes worth US$6.5 billion, according to a copy of the deal.

Market Regulation

ILO: CPTPP helps Vietnam advance labor reforms Vietnam Net Bridge 15th Nov 2018
Vietnam’s ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to boost the country’s labor reforms, according to a statement released on November 12 by the International Labor Organization (ILO).

New law designed to ensure healthy competition Vietnam Net Bridge 14th Nov 2018
The revised Competition Law 2018, which will take effect from July 1 next year, is expected to create a fair, healthy and transparent business and economic environment.

Finance Ministry tightens control over FIE transfer pricing, domestic businesses suffer Vietnam Net Bridge 8th Nov 2018
Vietnamese corporations have complained that the new solution to fight against transfer pricing by controlling loan interest rates is causing problems for their operations.

New securities law is a better fit Vietnam News 8th Nov 2018
The new amended draft law on securities was revised based on the inheritance of the current Securities Law, broadening the scope of regulation and adopting a new approach more suited to market condition and overcoming the remaining limitations of the current law.

Vietnam maintains tariffs on imported steel Vietnam Net Bridge 6th Nov 2018
Vietnam’s Ministry of Industry and Trade (MoIT) has decided to maintain safeguard measures for steel billets and steel bars imported from a number of countries and territories including China, the US, Canada, Germany, France, Japan and the Republic of Korea.

Local corporations pay higher corporate income tax Vietnam News 2nd Nov 2018
Many local enterprises are concerned with paying higher corporate income tax according to regulations on the deductibility of loan interest under Decree 20, in effect since May 1, 2017.

Travel & Tourism

Quảng Ninh considers fee reduction for tourists arriving by air Vietnam News 26th Nov 2018
The northern province of Quảng Ninh is considering reducing bus fares from Vân Đồn International Airport to Hạ Long’s city centre and entrance tickets to popular attractions like Hạ Long Bay and Yên Tử for tourists arriving by air.

Tourism consultancy services in high demand Vietnam Net Bridge 22nd Nov 2018
One of the best jobs now is tourism consultancy, especially giving advice to local authorities on local tourism development.