Vietnam Morning News For June 13

Inflation expected at 2.6 per cent this year
The country’s inflation this year is forecast to reach 2.6 per cent barring fluctuations of prices on world markets and adjustment in the cost of public services, the National Financial Supervisory Commission (NFSC) reported on Monday.
– Viet Nam News

NA passes Law on Supporting SMEs
With 83.5 per cent of votes in favor, the National Assembly (NA) passed the Law on Supporting Small- and Medium-sized Enterprises (SMEs) on June 12.
– Vietnam EconomicTimes

Ho Chi Minh City vows to remove pollution-causing facilities by 2020
The People’s Council of Ho Chi Minh City has issued a resolution centered on the environment, in which it promises a citywide purge of pollution-causing facilities by 2020.
– Tuoi Tre News

City launches free start-up space
The HCM City Centre for Enterprises Support and Development is offering start-ups free space to run their companies.
– Viet Nam News Bizhub

E5 bio-fuel to replace RON 92
Viet Nam will replace RON 92 petrol with E5 bio-fuel from the beginning of next year.
– Viet Nam News Bizhub

Firms ink contracts for wind, solar power
A spate of contracts were signed on Saturday by local firms to build wind and solar power projects in the south-central province of Ninh Thuan.
– Viet Nam News Bizhub

Draft law on foreign trade management ratified
A draft law on foreign trade management was approved by the National Assembly (NA) on June 12.
– VietnamPlus

EU to launch the project World Cities in Vietnam
The European Union today launches a project, entitled World Cities Vietnam aimed to promote the exchange of experience and best practice on regional and urban development policies. Two Vietnamese cities – Hanoi and Ho Chi Minh City – are being paired with two European cities – Milan (Italy) and Košice (Slovakia).
– Hanoitimes

Vietnam – attractive destination for Australian businesses
Vietnam is the second most attractive destination in Southeast Asia after Indonesia for Australian businesses, said a representative of the Australia-Vietnam Business Council at a June 11 conference in Hanoi.
– Vietnam Times

Australia seeks hi-tech agriculture link with Mekong Delta
The Australian Consulate General in the southern metropolis of Ho Chi Minh City worked with the Department of Agriculture and Rural Development in the Mekong Delta city of Can Tho on June 12 to explore cooperation in hi-tech agriculture in the coming time.
– VietnamPlus

Aussies launch VN dumping probe
The Australian Anti-Dumping Commission (ADC) has opened an anti-dumping investigation on wire rod in coil imports from Indonesia, the Republic of Korea (RoK) and Viet Nam.
– Viet Nam News Bizhub

First container of ngao oysters clam shipped to Italy
Lenger Seafoods Vietnam shipped its first container of ngao (clam) grown in northern Nam Dinh Province to Italy on Saturday, opening up new opportunities for local breeders.
– Viet Nam News Bizhub

FLC plans to list on foreign stock markets
The FLC Group is planning to list its shares on foreign stock markets as part of its development strategy.
– Vietnam EconomicTimes

Flow of foreign tourists to Thailand up 4.6 percent in May
The flow of international tourists to Thailand rose 4.6 percent in May from one year ago, the Thai Ministry of Tourism and Sports reported on June 12.
– VietnamPlus

Auto component excise taxes may go
The Ministry of Industry and Trade (MoIT) has proposed that excise taxes not be applied on auto components manufactured in Vietnam.
– Vietnam EconomicTimes

Firms promote pork demand, farmers struggle
With farmers still having difficulty selling pigs, many businesses in HCM City have stepped up programmes to stimulate pork demand.
– Viet Nam News Bizhub

Building a brand for VN bird nest
The Vietnamese Swiftlet Farming Association under the Viet Nam Farms and Agricultural Enterprises Association has made its debut in HCM City’s Can Gio District.
– Viet Nam News Bizhub

Coconut shortage hits Bến Tre
Businesses making coconut-based products in the Cửu Long (Mekong) Delta province of Bến Tre are facing a raw material shortage due to last year’s drought and saltwater intrusion from the sea into rivers.
– Viet Nam News

Vietnamese rice labeled with foreign names sells better than domestic brands
Vietnamese choose foreign rice not because the latter is better, but because Vietnamese enterprises don’t know how to build their brands, experts say.
– VietnamNet Bridge

New decree a game changer for transfer pricing
Viet Nam’s long-standing efforts to tackle the practice of transfer pricing as a tax avoidance ploy have gained sharper legal teeth with a new decree.
– Viet Nam News Bizhub

Google apps payable by MobiFone
One of Vietnam’s leading mobile operators, MobiFone, has partnered with Google to allow subscribers to purchase apps in the Google Play Store and pay via their mobile phone.
– Vietnam EconomicTimes

Feature photo Jorge Cancela
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