Vietnam Morning News For July 7

Vietnam’s growth forecast lowered by International Monetary Fund
Vietnam’s growth outlook has been cut to 6.3 percent this year, the International Monetary Fund (IMF) said Thursday, lowering its forecast from the previously projected 6.5 percent.
– VnExpress

PM orders plan for 2018 GDP growth of 6.4-6.8%
On the heels of Vietnam remaining in the club of nations recording 6 per cent GDP growth, Prime Minister Nguyen Xuan Phuc has ordered a plan for growth to reach 6.4-6.8 per cent in 2018.
– Vietnam EconomicTimes

Vietnam ranks bottom in Southeast Asia for cybersecurity: UN report
Vietnam’s cybersecurity has been ranked 101st out of 195 countries in the Global Security Index 2017 compiled by the U.N. International Telecommunication Union, while regional peers Singapore, Malaysia and Thailand made it into the top 20.
– VnExpress

Emirates commences Ha Noi-Dubai daily flights
Emirates airlines officially commenced daily direct flights from Ha Noi to Dubai on July 2, providing Vietnamese travellers more seamless connections to its global network of over 150 destinations worldwide.
– Viet Nam News Bizhub

Vietnam renews India oil deal in tense South China Sea
Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.
– The Star Online

VN strives to increase rice exports by 2030
Viet Nam aims to export four million tonnes of rice by 2030, pursuant to a strategy for developing the country’s rice export market in the 2017-20 period with a vision to 2030.
– Viet Nam News Bizhub

Vegetable and fruit exports face tough competition from imports
With turnover of $375 million in May, fruit and vegetables were among the biggest export items for Vietnam, while imports of the same equalled $183 million.
– VietnamNet Bridge

Japan rules a hurdle for VN seafood
Vietnamese companies exporting seafood to Japan need to carefully study the latter’s food safety and hygiene regulations to boost exports, a seminar heard in HCM City on Wednesday.
– Viet Nam News Bizhub

Vietnam, India look to boost tourism links
India will continue boosting cooperation in tourism with Vietnam, including the promotion of spiritual and health tourism links, said Indian Consul General in Ho Chi Minh City Smita Pant.
– VietnamPlus

German federal economic minister supports stronger investment in Vietnam
Federal Minister for Economic Affairs and Energy Brigitte Zypries said she will encourage German businesses to make more investment in Vietnam while meeting with Prime Minister Nguyen Xuan Phuc on July 6 as part of his ongoing official visit to Germany.
– VietnamPlus

Taiwan seeks partnerships in machine tools industry
With over 60 years of experience, Taiwanese machine tool companies are targeting to expand operations in many countries, including Viet Nam, where demand in the industry is increasing.
– Viet Nam News Bizhub

Winter-spring crop yields over 19 million tonnes of rice
Vietnam’s rice output during the winter-spring crop was estimated at 19.1 million tonnes, a year-on-year decrease of 1.5 percent, according to the Ministry of Agriculture and Rural Development.
– VietnamPlus

PHL, Vietnam rising as Asean’s new car hubs
TO get a taste of Southeast Asia’s burgeoning 600 million-strong consumer base and what it means for economic growth, take a look at the car industry.
– BusinessMirror

Vietnamese crazy about high-street fashion brands
The images of fans standing up in long queues in front of fashion shops waiting for their turn to buy goods show the great potential of the Vietnamese market.
– VietnamNet Bridge

Korean city to support green, smart city in Đà Nẵng
The Korean city of Daegu will help build an integrated managment centre on green and smart urban management in the central city of Đà Nẵng.
– Viet Nam News

Hanoi’s GRDP increases by 7.37% in 6 months of 2017
Chairman of the Hanoi People’s Committee Nguyen Duc Chung has recently reviewed socio-economic development of the Capital city over the first half of the year.
– Hanoitimes

High-rise developer Muong Thanh to be under police investigation in Hanoi
Police in Hanoi are set to investigate high-rise developer Muong Thanh Corporation, infamous for a series of law violations in localities across Vietnam.
– Tuoi Tre News

Kien Giang rakes in US$170 million from exports
Mekong Delta’s Kien Giang Province earned US$170 million from exports in the first six months of this year, accounting for 42 per cent of the annual target and up 2.6 per cent from the same period last year.
– Viet Nam News Bizhub

VN, UN sign strategic $423m plan for 2017-21
The Government of Việt Nam and the United Nations signed a new strategic plan for the 2017-21 period in Hà Nội yesterday.
– Viet Nam News

Enterprise Connecting Days upcoming in Hanoi, HCMC
VPBank and the Vietnam Chamber of Commerce and Industry (VCCI) are together organizing Enterprise Connecting Day on July 8 in Hanoi and on July 15 in Ho Chi Minh City, which aim to support and present opportunities to small and medium-sized enterprises (SMEs).
– Vietnam EconomicTimes

HCM City expo promotes Vietnamese products
Around 130 companies are showcasing their products at the Ton Vinh Hang Viet (Honouring Vietnamese goods) fair that opened in HCM City on July 5.
– Viet Nam News Bizhub

How many super-rich are there in Vietnam?
Vietnam has over 200 super-rich people who have $30 million and more.
– Vietnam Times

Feature photo Lim Ashley
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