Vietnam Morning News For July 3

Vietnam Morning News For July 3
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Vietnam morning newsVietnam among fastest-growing tourism destinations
Vietnam has ranked seventh on a list of the world’s Top 20 fastest-growing travel destinations, announced recently by the United Nations World Tourism Organization (UNWTO).
Vietnam EconomicTimes

Vietinbank signs 100-million-USD syndicated loan agreement
The Vietnam Joint Stock Commercial Bank of Industry and Trade (Vietinbank) has signed a syndicated loan agreement worth 100 million USD with eight foreign financial institutions.

CPI down for second consecutive month
The consumer price index (CPI) in June fell 0.17 per cent against May, marking the second successive monthly decline and driven by lower petroleum and foodstuff prices, the General Statistics Office (GSO) reports.
Vietnam EconomicTimes

Number of new businesses jumps in first half of 2017
Nearly 61,300 new enterprises were formed in the country in the first half of this year with total registered capital of more than VND596 trillion (US$26.2 billion).
Viet Nam News Bizhub

TTC to develop 20 solar power plants
The Thanh Thanh Cong Group (TTC Group) will develop 20 solar power projects with a capacity of 1,000 MW by 2020, Chairman Mr. Dang Van Thanh said at the group’s Conference of Energy Sector Customers held on June 30.
Vietnam EconomicTimes

Ho Tram Strip signs $63mn power MoU
The Ho Tram Project Company (HTP) and the PetroVietnam Low Pressure Gas Distribution JSC (PVGasD) signed an MoU on June 29 that will see Ho Tram Strip in southern Ba Ria Vung Tau province move to cleaner, greener and more efficient power within the next 15 months.
Vietnam EconomicTimes

Deputy PM urges transport work in Mekong Delta
Deputy Prime Minister Trịnh Đình Dũng has requested the Ministry of Transport (MoT) and other authorised agencies at the local level to make thorough assessments on all transport investment projects.
Viet Nam News

1H trade deficit at $2.7bn
The latest figures from the General Statistics Office (GSO) show that Vietnam’s export turnover in June reached $17.8 billion, up 20.9 per cent year-on-year, and $97.8 billion in the first half, up 18.9 per cent.
Vietnam EconomicTimes

Vietnam & Russia agree on $10bn bilateral investment
Two also set ambitious target of raising bilateral trade to $10 billion by 2020 during visit to Russia by State President Tran Dai Quang.
Vietnam Times

Thailand top supplier of fruits to VN
Viet Nam imported US$376 million worth of fruits from Thailand in the first half of this year, which was double the figures of the same period last year.
Viet Nam News Bizhub

Export value of fruit and vegetables increases
The export value of vegetables and fruits is estimated at US$1.7 billion in the first half of this year, marking a year-on-year increase of 45 per cent.
Viet Nam News Bizhub

Over $13 billion spent on agriculture restructuring
Prime Minister Nguyen Xuan Phuc has approved a target programme to restructure the agricultural economy, prevent natural disasters and stabilise people’s lives with total capital of VND306.66 trillion (US$13.5 billion).
Viet Nam News Bizhub

VCCI identifies unsuitable elements of Law on Investment
Sixteen of the 243 clauses in the Law on Investment that was amended in 2016 are unsuitable and ten need adjustments to State management, Mr. Dau Anh Tuan, Head of the Vietnam Chamber of Commerce and Industry (VCCI)’s Legal Department told a workshop on business conditions and doing business in Vietnam on June 30.
Vietnam EconomicTimes

Tourism sector faces pressure from growth targets
To fulfill the GDP growth plan in 2017, the tourism sector needs to attract 13-15 million foreign travelers this year, or 3-5 million more than the last year.
VietnamNet Bridge

Hospitality sector to see strong growth, says consultancy
Hoteliers are attracted to Viet Nam by a rapidly growing tourism sector, robust economic development and infrastructure investments, real estate consultancy JLL has said.
Viet Nam News Bizhub

Hanoi makes effort to keep price stable
According to Official Letter 3050/UBND-KT issued on June 26, Hanoi People’s Committee requests city’s agencies and sectors, district people’s committees to enhance price management.

Hanoi’s retail market recovers in Q1
Hanoi’s retail market recovered in the first half of this year, according to the latest report from CBRE.
Vietnam EconomicTimes

Bắc Ninh urged to build closed value chain in livestock sector
The northern province of Bac Ninh must establish a closed value chain from food processing, animal husbandry to slaughtering, processing and marketing to develop its livestock sector, said Deputy Prime Minister Trinh Dinh Dung.
Viet Nam News Bizhub

SOE equitization remains tardy
With only 19 State-owned enterprises (SOEs) receiving approval for their equitization plan as at mid-June, progress in the first half of this year was slower than in the first half of last year.
Vietnam EconomicTimes

Vietnam – Laos trade fair 2017 opens
140 enterprises with 320 booths from Laos and Vietnam are showing their products at Vietnam – Laos trade fair 2017 which takes place in Vientian from June 29 – July 3.
Vietnam Times

IT outsourcing conference in October
Việt Nam’s software industry and investment environment will be the featured topics at a Việt Nam IT Outsourcing Conference held on October 19-20 at the convention centre at Quang Trung Software City in HCM City’s District 12.
– Viet Nam News


Feature photo Lim Ashley
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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