Vietnam Morning News For June 23

New department launched to accelerate agricultural export
The Ministry of Agriculture and Rural Development (MARD) on Wednesday launched Agro Processing and Market Development Authority (AgroTrade).
– Viet Nam News Bizhub

Will FDI in Vietnam retreat after FED raises the interest rate?
FED has decided to raise the prime interest rate by another 0.25-1.25 percent per annum, raising the concern that the foreign direct investment (FDI) flow to Vietnam will slow down.
– VietnamNet Bridge

Vietnam leads ASEAN in cloud computing spending growth
Spending on cloud computing heading upwards, conference hears, but still remains much lower than regional peers.
– Vietnam EconomicTimes

19 new lines start supplying power to south
The Southern Power Corporation of the Electricity of Viet Nam (EVN SPC) has begun using 19 110kV power lines, built at a cost of VND2.63 billion (US$115.8 million), this year.
– Viet Nam News Bizhub

Ex-Secretary of State Kerry commits US support for Vietnam’s clean and recycled energy
PM Nguyen Xuan Phuc in Hanoi on June 20 received former U.S. Secretary of State John Kerry, who highlighted that the Vietnamese PM’s visit to the U.S. will make substantial contributions to strengthening sustainable relations between the two nations.
– Hanoitimes

Compelling Vietnam: Foreign investors unfazed by Trump’s trade deal rebuff
Vietnam has been a big winner as Chinese manufacturing costs have risen and China itself is now one of the three biggest investors in Vietnam.
– VnExpress

Doosan supports partners to enter Vietnam
South Korea’s Doosan Heavy Industries & Construction Co. signed a memorandum of understanding (MoU) with five of its partners at its Vietnamese operation, Doosan Heavy Industries Vietnam Co. (Doosan Vina), to help them enter the Vietnamese market.
– Vietnam EconomicTimes

Poor processing hindering Vietnam fruit export prices
Vietnamese have to buy some imported fruits at exorbitant prices, but can only export fruit at low prices.
– Fresh Plaza

Tra Vinh enjoys surge in aquatic product export turnover
Local businesses in the Mekong Delta province of Tra Vinh earned 17.3 million USD from exporting aquatic products in the first half of 2017, an surge of 10.49 million USD against the same period last year.
– VietnamPlus

Industry 4.0 paving the way for Vietnam’s startups
FPT Corporation Chairman Truong Gia Binh and Asanzo Vietnam CEO Pham Van Tam share their outlook on the Industry 4.0 trend with VnExpress.
– VnExpress

National vocational education programme to support 600 SMEs
About 600 small- and medium enterprises (SMEs) will be supported to apply an occupational health and hygiene management system as part of a programme on vocational education, employment and workplace safety.
– VietnamPlus

VietJet Air, Safran sign agreement on fuel efficiency solutions
Low-cost carrier VietJet and Safran Group have signed an agreement for the supply of fuel efficiency solutions during the Paris Airshow 2017 in France.
– VietnamPlus

IFC assists Viet Nam with green textile production
The International Finance Corporation (IFC), a member of the World Bank Group, has helped Vietnamese garment-textile outsourcers save over 20 per cent of water and energy consumption.
– Viet Nam News Bizhub

Quang Ninh’s GRDP growth sets five-year record
Quang Ninh Province’s gross regional domestic product (GRDP) expanded by 9.6 per cent in the first half of this year against 9.2 per cent in the same period last year.
– Viet Nam News Bizhub

HCM City calls for private investment in waste water treatment
As state and local budgets are limited, calling for private investment in waste water treatment is considered the most feasible solution for now.
– VietnamNet Bridge

Hanoi’s five-star hotels booked up until next year
The rising number of tourists with big budgets has left the city scouring fresh investment in new luxury hotels.
– VnExpress

Creative space to be launched in Ha Noi
Creative Lab, jointly developed by UP Co-working Space and Hanoi Creative City, will debut on June 25 at the Hanoi Creative City Complex on No 1 Luong Yen Street, Ha Noi.
– Viet Nam News Bizhub

In six months, Hanoi tourism grossing revenue of more than VND35.2 trillion
According to reported of Hanoi Department of Tourism Foreign, tourist arrivals to Hanoi from the start of 2017 reached an estimated 11 million, a year-on-year rise of 8 percent, grossing revenue of more than 35.2 trillion VND, up 13 percent.
– Vietnam Times

Vietnam Business Development Forum focuses on private sector growth
The Ministry of Planning and Investment held the 2017 Vietnam Business Development Forum in Hanoi on June 22 to discuss how to develop the private economic sector robustly.
– VietnamPlus

“Hanoi 2017 – Investment & Development Cooperation” to take place on June 25
Deputy Director of Department of Information and Communications Nguyen Minh Khanh has recently informed that a conference themed “Hanoi 2017 – Cooperation, Investment and Development” will take place on June 25 at Lotte Hotel (54 Lieu Giai Street, Ba Dinh District, Hanoi).
– Hanoitimes

Child Labor to Surge in Vietnam Due to Climate Change: Experts
As climate change wreaks havoc on Vietnam, more children will be forced to work from an early age, experts say.
– Saigoneer

Feature photo Dennis Jarvis
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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.