Vietnam Morning News For July 12

Vietnam Morning News For July 12
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Inflation down sharply in Q2
Inflation fell sharply in the second quarter of 2017, in contrast with the ongoing trend since the end of 2015, the Vietnam Center for Economic and Policy Research (VEPR) wrote in a report released on July 10.
Vietnam EconomicTimes

Surprise inspections should increase in second half of 2017
Deputy Prime Minister Trương Hòa Bình requested that unexpected inspections should increase whilst administrative inspections should target areas with high risk of corruption in the rest of the year.
Viet Nam News

Domestic brands gain better recognition internationally
The appearance of 11 Vietnamese brands in the list of Asia’s top 1,000 this year has demonstrated domestic firms’ increasing awareness about building and affirming their own brands.
VietnamNet Bridge

VN vows to lift restrictions to facilitate foreign investors: PM Phúc
Việt Nam vows to lift restrictions in areas including services, telecommunications, financing and banking among others, facilitating foreign investors’ engagement and raising their ownership stakes in the country, said Prime Minister Nguyễn Xuân Phúc.
Viet Nam News

VN has 341 industrial parks, coastal economic zones
Viet Nam had 325 industrial parks (IPs) and 16 coastal economic zones (EZ) by the end of June, according to a new report from the Ministry of Planning and Investment.
Viet Nam News Bizhub

Government looks to private sector for help building infrastructure
The Vietnam government fully understands that to compete for foreign direct investment with other Asian countries over the long term— low wages aren’t sufficient, says leading economist Eugenia Victorino.
VietnamNet Bridge

Vietnam warned of increasing dependence on foreign capital
Indexes for 2017 second quarter reflected Vietnam’s increasing dependence on foreign direct investment (FDI), said the Vietnam Institute for Economic and Policy Research (VEPR) in its recent report on the performance of the economy in the quarter.

Phuc encourages Dutch investment in Viet Nam
Prime Minister Nguyen Xuan Phuc on Monday assured Dutch firms that Viet Nam was making a concerted effort to build a development-facilitating, transparent government, and create favourable conditions for businesses.
Viet Nam News Bizhub

How can Vietnam’s goods enter foreign distribution chains?
Improving the quality of exports is the top requirement that Vietnamese manufacturers must meet in order to have their goods accepted by foreign supermarket chains.
VietnamNet Bridge

VN to import more cashew
Viet Nam, the world’s No 1 exporter of cashew products, expects to import an aditional 500,000 tonnes of nuts from now until October to meet its annual export target, according to the Viet Nam Cashew Association (Vinacas).
Viet Nam News Bizhub

VN has huge potential in swift-nest production
Viet Nam has good potential in farming swifts for their edible nests, but authorities should make zoning plans and regulations for the industry like they do for the husbandry industry to ensure its sustainable development, according to experts.
Viet Nam News Bizhub

More management needed on food safety
The implementation of regulations related to food advertisement has improved, but managing advertising on social networks like Facebook and YouTube has faced a number of difficulties.
Viet Nam News

Over half of companies confident of better performance in Q3
More than half of processing and manufacturing companies expect better business performance in Q3, according to a survey conducted by the General Statistics Office (GSO).

Big sale campaigns cannot boost sales of new, used cars
Brand new cars are being sold at hundreds of millions of dong lower than initial prices, while used cars remain unsold.
VietnamNet Bridge

Motorcycle sales up in six months
The Vietnam Association of Motorcycle Manufacturers (VAMM)’s five members sold over 1.5 million vehicles in January-June 2017, representing a year-on-year rise of 6 percent.

JLL: Real estate M&A to reach record levels in 2017 & 2018
Vietnam has become an attractive destination for many foreign investors, largely due to the country’s friendly policies encouraging foreign direct investment (FDI), its political stability, and its strong economy, according to the latest report from JLL.
Vietnam EconomicTimes

Hospitality investment sustains stirring trend
Investment activity in popular tourist destinations continues to strengthen amid the robust demand from domestic and foreign buyers. Dang Phuong Hang, managing director of CBRE Vietnam shares her view on the phenomenon.
VietnamNet Bridge

SMEs hard to access bank loans
Nearly 70 percent of 2,600 surveyed small-and-medium sized enterprises (SMEs) had to seek loans on the black market as they were unable to access bank loans.

Unemployed uni grads: lazy at study, bad at work, companies say
“There are many jobs at our company, but they are not reserved for lazy workers who have delusions about themselves,” said the director of a private company.
VietnamNet Bridge

World’s tallest TV tower unlikely to proceed
The VTV Tower project, which was expected to be the world’s tallest tower, is likely to be scrapped after the two major investors – Vietnam Television (VTV) and the State Capital Investment Corporation (SCIC) – withdrew from the project.
Vietnam Times

Hanoi eyes industrial zone investors
Hanoi plans to attract 15-20 new projects with expected total investment of 250 million USD – 300 million USD in industrial zones and clusters in the capital city this year.

‘Land fever’ peaks near major airport project in southern Vietnam
While the exact location for the construction of a major airport in southern Vietnam is still pending approval, countless plots of land around the potential venue have been put up for sale.
Tuoi Tre News


Feature photo ILO/ Nguyễn Việt Thanh
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).

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.



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