Vietnam Morning News For June 14

Vietnam Morning News For June 14
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Ba Ria–Vung Tau to build $4.39bn thermal power plant
The General Electric Corporation 3 under Viet Nam Electric Group plans to invest in building Long Son thermal power plant with a total capital of US$4.39 billion in southern Ba Ria–Vung Tau Province.
Viet Nam News Bizhub

Lower Taxes Proposed for Profitable SMEs in Vietnam
As per a new draft law on tax support for small and medium enterprises (SMEs), only profitable SMEs will be eligible for reduced taxes.
Vietnam Briefing

Vietnam’s steel industry expected to grow 12-15 percent
According to the Vietnam Steel Association (VSA), in 2017, cast iron output is forecast to increase 80 percent to reach 4.5 million tonnes, while steel billets will jump 47.2 percent (11.5 million tonnes), finished steel products up 12 percent (20 million tonnes), cold rolled coils up 13 percent and steel pipes up 15 percent.
Vietnam Times

Viet Nam-EU trade up 16.2 per cent in five months
Two-way trade between Viet Nam and the European Union (EU) grew 16.2 per cent year-on-year in the first five months of 2017, according to the Ministry of Industry and Trade.
Viet Nam News Bizhub

Vietnam Implements Social Insurance Updates
Vietnam’s social insurance scheme is undergoing a series of changes influencing both the statutory contribution rates required of enterprises as well as the types contracts triggering liability.
Vietnam Briefing

Foreign consultants to be engaged for Tan Son Nhat expansion
Prime Minister Nguyen Xuan Phuc has asked the Minister of Defense to order a halt to all construction work on a golf course built on a military plot of land adjacent to Tan Son Nhat International Airport in Ho Chi Minh City, pending further research.
Vietnam EconomicTimes

Foreign tourists may be subject to $1 surcharge
Draft amendments to the Law on Tourism submitted to the National Assembly on June 19 include a proposal to impose a $1 surcharge on all foreign tourists coming to the country.
Vietnam EconomicTimes

Vietnam’s exporters hunt for robusta coffee as supplies dwindle
Vietnamese coffee exporters, faced with dwindling robusta supplies in the world’s top producer, are paying up to buy beans from international trade houses who scooped up much of the crop early in the season.

Vietnam launches first specialties e-commerce platform
The Vietnam Post Corporation (VNPOST), on June 13, debuted the website, an online trading platform for Vietnamese specialties.

Binh Phuoc targets sustainable pepper supply chain
Pepper growers in the southern province of Binh Phuoc have improved their income under a partnership programme with Nedspice Vietnam.

Hue to spend $52m on agriculture
Authorities of the central province of Thua Thien-Hue is directing their resources on implementing 12 priority projects worth nearly VND1.2 trillion (US$52 million) to accelerate the agricultural restructuring process by 2020.
Viet Nam News Bizhub

WB approves US$53 million to improve urban infrastructure in Lào Cai, Phủ Lý
The World Bank has recently approved US$53 million in funding for urban infrastructure development in two emerging middle cities in northern Việt Nam, Lào Cai (Lào Cai Province) and Phủ Lý (Hà Nam Province).
Viet Nam News

HCM City aims for 10-pct growth of cooperative economy
The cooperative economic sector in Ho Chi Minh City aims to achieve an annual growth rate of 10 percent from 2017 – 2020, said the municipal Cooperative Alliance’s Chairwoman Le Hoang Yen on June 13.

Kiên Giang makes US$11.3 billion plan for development
The southern province of Kiên Giang aims to mobilise VNĐ255 trillion (US$11.3 billion) for socio-economic development by 2020.
Viet Nam News

Hanoi seeks EU help to become smart city
Hanoi wishes to learn from experience of Italy’s Milan city in urban construction and development for its programme to become a smart city, said Chairman of the municipal People’s Committee Nguyen Duc Chung at a working session with a EU delegation on June

Hanoi’s export turnover and tourism sharply increase in first half of the year
Hanoi Capital is estimated to post an increase of 7.37 percent in gross regional domestic products in the first half of 2017 and earn 5.8 billion USD from exports, up 12.1 percent against last year.

LienVietPostBank denies rumours of merger with Sacombank
LienVietPostBank’s new chairman Nguyễn Đức Hưởng has rejected rumours that his bank will merge with Sacombank.
Viet Nam News

Vietnamese ice cream brands fight for bigger market share
The ice cream and frozen dessert market is a lucrative market with value of VND2.620 trillion in 2016, an increase of 13 percent over 2015.
VietnamNet Bridge

Conference on forecast-based financing opens in Hanoi
The first regional conference in Asia on forecast-based financing for climate change adaption was held in Hanoi on June 13, drawing about 100 international and domestic experts in disaster risk reduction and climate change adaption.

Top Vietnamese firms showcase products at Asia’s largest FB trade fair
As many as 50 Vietnamese food and beverage (F&B) enterprises, double the number last year, displayed and promoted their products at the THAIFEX-World of Food Asia 2017 held in Bangkok earlier this month.
Viet Nam News

3 international exhibitions open in HCM City
Three international exhibitions — Paper Vietnam; Rubber and Tyre Vietnam; and Coatings Expo Vietnam — opened in HCM City on June 13.
Viet Nam News Bizhub


Feature photo Jorge Cancela
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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