Vietnam Morning News For April 18

Vietnam Morning News For April 18
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Vietnam morning news

Eight anti-corruption task forces to be formed
Eight task forces will be established to investigate corruption cases that have received public attention in 20 provinces and cities. The decision was adopted today by the Anti-Corruption Central Steering Committee, chaired by Party General Secretary Nguyễn Phú Trọng.
– Viet Nam News

Steel industry to grow, export pressures high
The steel industry is expected to maintain its recent double-digit growth this year, helped by the recovery of the property market, but it will also face the pressure of trade defense instruments in import markets and competition from cheap steel.
– Viet Nam News bizhub

VietinBank targets increasing before-tax profit
The Vietnam Commercial Bank for Industry and Trade (VietinBank) targeted increasing before-tax profit to 8.8 trillion VND (382.6 million USD) this year, up 231 billion VND (10.04 billion USD), during its annual shareholders’ meeting in Hanoi on April 17.
– VietnamPlus

HCM City’s credit growth rises 3% in Q1
Outstanding loans in HCM City totalled around VND1.5 quadrillion (US$65.8 billion) in the first quarter of 2017, a three per cent rise over the end of 2016.
– Viet Nam News bizhub

ADB: Vietnamese economy to climb 6.5% in 2017
According to ADB, manufacturing will be boosted by the continued opening of new foreign-invested factories on the back of a record FDI disbursement of US$15.8 billion last year, up 9% year-on-year.
– Hanoitimes

HCM City asks State for additional $2 billion of ODA
HCM City authorities have asked the Ministry of Planning and Investment and Ministry of Finance to allocate an additional VNĐ48.762 trillion (US$2.14 billion) of official development assistance (ODA) in the next three years, with VNĐ8 trillion ($352.33 million) allocated for this year.
– Viet Nam News

Students lack skills to meet job demands
Only 30% of graduates are able to do their work sufficiently well for their employers, said Nguyen Thi Thanh Huong from the ICT Department of Navigos Search, provider of executive search and management consultancy services in Vietnam.
– Vietnam Times

March sales of cars up 52 per cent
The Vietnamese auto market sold nearly 26,900 cars in March, an increase of 52 per cent compared with the previous month, according to a Vietnam Automobile Manufacturers’ Association report.
– Viet Nam News bizhub

Vietnam’s car imports jump 34 pct y/y in Q1 on tax cuts
Vietnam’s car imports have risen a staggering 34.4 percent from a year ago to 26,500 units, with more than half of them coming from low-tariff markets in Southeast Asia, customs figures show.

New coffee project to benefit 15,000 farmers
A project to develop the Buon Ma Thuot coffee brand is expected to benefit more than 15,000 farmers who live in a poor commune in the Central Highlands province of Dak Lak.
– Vietnam Times

New project to enhance solar power development
Specifically, the organizations and individuals will be allowed to mobilize capital from domestic and foreign organizations and individuals to develop solar power projects in line with current regulations. Solar power projects will enjoy tax exemption for imported equipment unproduced domestically and land allocation incentives.
– Hanoitimes

VNR inks deal with Saigon Newport Corp
The Vietnam Railway Corporation (VNR) will ink a deal with the Saigon Newport Corporation this April to build two inland container depots (ICDs) in Binh Duong Province and Ha Noi.
– Viet Nam News bizhub

Hanoi facilitate to attract Japanese investors
The strategic partnership between Vietnam and Japan is seeing its finest and most powerful development. The Capital of Hanoi has deployed many solutions to continue attracting investment in all fields, including tourism from the Japanese market.
– Hanoitimes

Vietnam’s soybean imports to rebound in 2017 – USDA
Vietnam is forecast to import 1.7 million tons of soybeans this year, a rebound of 6 percent after a fall in last year’s overseas purchases following higher demand for animal feed production and from the food processing sector, the U.S. Department of Agriculture has said.

FPT Software to earn $200 million from auto-tech solutions
FPT Software expects to earn US$200 million through the sale of automotive technology solutions and employ 8,000 people by 2020, the company said.
– Viet Nam News bizhub

3 titanium companies ordered to stop operations
The central province’s environmental department has ordered three titanium exploitation companies to suspend operations, which have continued for the last three years despite expired licences.
– Viet Nam News

Vietinbank delays its MA with PGBank
Vietinbank has not completed acquiring PGBank as the two sides have not finished all required procedures and got approval from the authorities.
– Viet Nam News bizhub

Techcombank to raise charter capital by VND5 trillion
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will raise its charter capital by VND5 trillion (US$220 million) to nearly VND14 trillion ($616 million) this year through the sale of shares.
– Viet Nam News bizhub

PV Gas lowers 2017 business targets by 15-27%
Shareholders of PV Gas (GAS) has approved the company’s plans to lower its business targets in 2017 by 15-27 per cent year-on-year, given the global instability and volatile oil market.
– Viet Nam News bizhub

Handbook helps banks weigh projects
The State Bank of Viet Nam has coordinated with the International Finance Corporation (IFC) to prepare a handbook on social and environmental risk assessment for 10 economic sectors serving credit operations of commercial banks.
– Viet Nam News bizhub

Natural disasters cost Việt Nam $1.7 billion
Việt Nam needs to improve the quality of weather forecasting and enhance international co-operation to prepare for natural disasters, Prime Minister Nguyễn Xuân Phúc has said.
– Viet Nam News

Vietnamese tourists are as bad as Chinese visitors, official says
It seems Vietnamese people should read the etiquette guide for tourists more carefully before waving their fingers at foreigners.


Feature photo oberhausen/Deutschland
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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