Vietnam Morning News For June 27

VN ditching leather for e-wallets
Electronic wallet (e-wallet) services are becoming more popular in Viet Nam, with a number of new e-wallet services officially licensed in the last year and a half.
– Viet Nam News Bizhub

Hanoi conducts synchronous measures to lure domestic and foreign investment
In the first half of 2017, the Capital city of Hanoi has conducted synchronous measures to lure domestic and foreign investment and non-State budget worth over VND 190 trillion (US$ 11.21 billion), representing a year-on-year surge of 74.6%.
– Hanoitimes

Local banks recovering from a long slump
Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8 per cent to even 80 per cent.
– Viet Nam News

Hanoi signs MoUs for 15 projects, including $4.41bn urban railways
A private investor has proposed spending over US$4 billion on developing an urban railway system in Hanoi.
– Tuoi Tre News

HCM City eyes boost to dental tourism
Dental tourism has been identified as one of HCM City’s five main medical tourism products, according to its Department of Tourism.
– Viet Nam News

Shortage of local raw rubber material
Although Viet Nam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing.
– Viet Nam News Bizhub

Workers lack motivation to increase productivity
After watching the staff work hard to transport materials and products to and from a coffee processing company, Vũ Quang Thọ asked them why they didn’t think of a way to save time and effort.
– Viet Nam News

VN-Brazil trade value up 16 per cent
The trade value between Việt Nam and Brazil in the first half of 2017 stood at US$1.73 billion, a year-on-year increase of 16 per cent after a long slump.
– Viet Nam News

Russian firms interested in Vietnamese market
Russian firms are intrigued by the Vietnamese market, given that the ruble is falling and Russian manufacturers are eyeing international markets, said Olga Koshev, President of the Inter-Regional Organisation for Support and Protection of Small and Medium-sized Enterprises.
– Vietnam Times

Vinalines Container launches first lighterage service in North
Vinalines Container Shipping Company, a subsidiary of Vietnam Shipping Lines (Vinalines), on Friday launched its first-ever waterway lighterage service in the northern region, focusing on the Hai Phong-Viet Tri route.
– Viet Nam News Bizhub

Rural transport development helps promote poverty reduction
Measures to promote transport infrastructure development in rural areas and the use of official development assistance (ODA) for the work was the focus of a seminar held by the Dai bieu nhan dan (People’s Deputy) newspaper in Hanoi on June 26.
– VietnamPlus

Tax proposal offers airbag for Vietnamese carmakers in face of overseas competition
Vietnam’s Ministry of Industry and Trade has asked the government to cut taxes on all automobile parts manufactured domestically in an effort to help local auto firms remain competitive when tariffs on vehicles imported from Southeast Asian countries are scrapped next year.
– VnExpress

Vietnam still fumbling for policy to control rice exports
Vinafood 1 and Vinafood 2 want to be exclusive bidders for government-to-government (G2G) rice export contracts, but analysts warn of the dangers of a monopoly.
– VietnamNet Bridge

Vietnam’s pepper export revenue loses spice due to oversupply
With supply exceeding demand, farmers are being told to hold on to their stocks and wait for prices to rise.
– VnExpress

Jetstar opens new direct flights to Japan
Local budget carrier Jetstar Pacific Airlines has officially launched direct flights from Hanoi and Da Nang to Osaka in Japan.
– Vietnam EconomicTimes

Bac Giang’s six-month export earnings hit 2.7 billion USD
The northern province of Bac Giang earned 2.7 billion USD from exports in the first half of 2017, up 33 percent from a year earlier, marking the highest growth rate compared to the same period of the last three years.
– TalkVietnam

Korea scouts for investment opportunities in Can Tho
Officials of Can Tho City in Mekong Delta met with a delegation from South Korea on Friday to explore opportunities for enhancing cooperation in the healthcare and construction sectors.
– Viet Nam News Bizhub

Kien Giang develops fisheries exploitation
The Mekong Delta province of Kien Giang is focusing on fisheries exploitation on the back of its favourable natural conditions.
– VietnamPlus

Hai Phong asked to turn private sector into momentum of development
The northern port city of Hai Phong should make greater efforts to turn the private sector an important motivation of its economic development, said Prime Minister Nguyen Xuan Phuc.
– VietnamPlus

Binh Duong’s enterprises require over 20,000 workers

Binh Duong enterprises registered to recruit more than 20,000 workers at the provincial job introduction sesssion on Sunday.
– Viet Nam News Bizhub

More than 13,000 Facebook accounts targeted by the Hanoi department of taxation
Online retailers need to cooperate with the Hanoi Department of Taxation and file tax returns in order to minimize future legal liabilities and risks.
– Hanoitimes

Feature photo Aleksandr Zykov
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