Vietnam Morning News For July 19

Vietnam Morning News For July 19

Vietnam morning newsYuck! Vietnam Prawns Pumped Full of Gluggy, Snot-like Gel
Vietnam prawns earned the country US$1.56 billion in exports in the first half of this year, a 15.7 per cent year-on-year (YoY) increase over the same period last year, with Japan replacing the USA as the country’s largest export destination.
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VN market to remain strong in H2
Việt Nam’s stock market will rise higher in the second half of 2017 provided macro-economic conditions remain positive as they were in the first half, experts have said.
Viet Nam News

Quang Ninh to prepare Van Don Economic Zone master plan
Prime Minister Nguyen Xuan Phuc has permitted northern Quang Ninh province to develop a master plan for socioeconomic development and re-plan the Van Don Economic Zone project towards it being a special administrative-economic zone.
Vietnam EconomicTimes

Viet Nam announces crude oil reserves plan
Viet Nam must reach crude oil stock levels that are equal to no less than 90 days of net imports following International Energy Agency (IEA)’s criteria by the year 2020.
Viet Nam News Bizhub

Renewables in Vietnam: Current Opportunities and Future Outlook
Vietnam is one of the most efficient power market in Southeast Asia, driven by low-cost resources such as hydro and coal.
Vietnam Briefing

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Australia initiates VN’s wind towers on dumping
The Anti-Dumping Commission of Australia (ADC) has initiated an investigation into alleged dumping of wind towers imported from Viet Nam.
Viet Nam News Bizhub

US starts safeguard probe into Samsung, LG washing machines from Vietnam
The U.S. has launched an investigation into washing machines produced in Vietnam by Korean appliance giants Samsung and LG to see if they are dumping their products on the U.S. market at unfairly low prices.

Shrimp exports earn $1.56 billion in H1
Viet Nam’s shrimp exports in the first half of this year rose 15.7 per cent year-on-year to US$1.56 billion, thanks to declining supply sources from other shrimp exporting countries.
Viet Nam News Bizhub

Vietnam welcomes investment from foreign automakers
Vietnam’s strategy for the auto sector’s development aims at facilitating investors’ engagement in the effort, stated Prime Minister Nguyen Xuan Phuc.

ACV to spend nearly 12 trillion VND on upgrading three airports
The Airport Corporation of Vietnam (ACV) on July 17 said it will invest nearly 12 trillion VND (528.03 million USD) to raise the capacity of the three international airports of Cat Bi, Phu Bai and Chu Lai by 2025.

Combo tours favored as travelers save money
Marketed later than other tourism products, combo tours have quickly become the favorite choice for travelers as they can reduce costs.
VietnamNet Bridge

Competition in upscale lodging industry heats up
With an expanding room inventory and more on the development schedule, the competition in the upscale lodging industry in Vietnam will likely heat up over the next two-three years, says Grant Thornton.
VietnamNet Bridge

Positive prospects
The opportunities available in Vietnam’s real estate market continue to catch the eye of foreign investors.
Vietnam EconomicTimes

Through the roof
High-end apartment developments remain on the rise despite an expected oversupply this year.
Vietnam EconomicTimes

Local healthcare industry excites foreign investors
Foreign investors are keen on Vietnam’s healthcare industry and seeking to tap into local patients’ spending power.
VietnamNet Bridge

Viet Nam’s insurance market up 21% in H1
The total premium collected by insurance companies in Viet Nam in the first half of 2017 has grown 21 per cent year-on-year to VND47.17 trillion (US$1.8 billion).
Viet Nam News Bizhub

Vietnam’s telecoms market dials up massive revenue growth
Vietnam’s telecoms industry posted nearly a 130 percent increase in total revenue in the first half of this year to VND213 trillion ($9.38 billion).

Vietnam to lead Asia for growth in convenience stores
Vietnam is forecast to be the fastest growing convenience store market in Asia by 2021, according to the Institute of Grocery Distribution (IGD).

Vietnam ranks fourth in number of students in Australia
Vietnam came fourth in the number of students studying in Australia by the end of March, according to a report by the Australian Government Department of Education and Training.

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HCMC to focus on 4 key industries
HCM City’s Department of Industry and Trade (DoIT) will focus on improving the strength and efficiency of four key industries under the city’s stimulus package until the end of this year, said Nguyen Phuong Dong, DoIT’s deputy director last week.
Viet Nam News Bizhub

HCMC to build apartments with price at VNĐ300m
Authorities of HCM City plan to build apartments with prices at under VNĐ1 billion (US$43,898) per unit for employees located in the city.
Viet Nam News

Grab, Uber carpool services banned in Hanoi
The Hanoi Department of Transport has banned the ride-sharing services of Grab and Uber that allow people to share rides and split the fare, under a requirement from the Ministry of Transport.
Vietnam EconomicTimes

Vietnam and Singapore firms set up logistics joint venture
Quang Binh Import and Export Joint Stock Company has inked a joint venture deal with Transworld GLS Vietnam Ltd, a unit of Transworld Singapore Group, to establish Transworld QBV ICD.

Information technology key to alleviate poverty: seminar
Việt Nam has pledged efforts to promote the application of information and communication technology (ICT) in poverty reduction and sustainable development, said Deputy Minister of Planning and Investment Nguyễn Thế Phương.
Viet Nam News


Feature photo Thorsten Martens
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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