Vietnam Morning News For March 16

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.

Developer remains upbeat as Vietnam’s bauxite project logs $165mn loss
A bauxite megaproject in Vietnam’s Central Highlands has been making losses totaling VND3,696 billion (US$165 million) in the last three years, but the developer is unconcerned, believing that it will start generating profits in 2017.
— Tuoi Tre News

VN coal struggles against imports
The domestic coal sector is going through a tough time owing to serious competition from cheap imported coal, the Ministry of Industry and Trade (MoIT) has said.
— Viet Nam News

Study finds bacteria in Vietnamese pork
Forty eight out of 108 (44 per cent) cut pork meat samples collected at wet markets in Hưng Yên Province were found to contain the disease-causing bacteria Salmonella.
— Viet Nam News

Vietnam reports 6500 dengue cases in January
Vietnam saw a 50 percent decrease in dengue fever in January 2017 compared to Jan. 2016, according to data released by the World Health Organization this week.
— Outbreak News Today

Australian ban on Vietnamese shrimp could drown exporters – trade official
Vietnamese shrimp exporters are facing losses and could go bankrupt following Australia’s ban on imports of the crustacean, aimed at preventing white spot syndrome, a Vietnamese government official was quoted as saying.
— VnExpress

EU wants to become largest investor in Vietnam
The European Union (EU) wants to become the largest investor in Vietnam, especially in Ho Chi Minh City and neighbouring localities, said Ambassador Bruno Angelet, head of the EU Delegation to Vietnam during a meeting in the southern city on March 15 with Chairman of the municipal People’s Committee Nguyen Thanh Phong.
— Vietnam Plus

Vietnam-Oman Investment launches water treatment plant project in Hanoi
The groundbreaking ceremony of the Duong River Surface Water Treatment Plant was held successfully on March 9 in Phu Dong Commune, Gia Lam District, Hanoi.
— Tuoi Tre News

Revised law for brigher railway outlook
Members of the National Assembly Standing Committee (NASC) yesterday agreed that the revised railway law needs comprehensive regulations that will help revitalise the country’s railway industry.
— Viet Nam News

2017 update on foreign mega investment projects in Vietnam
IR updates on all the new developments at the billion dollar projects licensed between 2006 and 2016 that were valid as of February 2016. Projects that were finished and have seen no new developments are omitted.
— VietNamNet Bridge

Vietnam seizes 100 kgs of rhino horn from Kenya
Vietnam police seized more than 100 kilograms of rhino horn smuggled into the country in suitcases from Kenya on Tuesday, the latest illegal haul in the wildlife trafficking hub.
— The Nation

Vietnam Promises to Back Off Border Areas
In contrast to their last meeting over the border, when Cambodia and Vietnam didn’t manage to release a joint statement, Cambodian officials said on Wednesday that during discussions Vietnam had again agreed not to build or farm in areas that are still in dispute.
— The Cambodia Daily (paywall)

Vietnam’s fruit & veg imports increase by 55%
Vietnam’s import of vegetables and fruits saw strong growth in the first two months of 2017, especially from Thailand and China.
— Fresh Plaza

Negotiations continue for Vietnam airports group share sale
According to ACV General Director Le Manh Hung, the Vietnamese Government approved the ADP’s bid for 20 percent of ACV shares to become the company’s strategic shareholder.
— Saigon

Vietnam, Netherlands boost peacekeeping cooperation
The Netherlands wishes to expand relations with Vietnam, including cooperation in peacekeeping activities between the two countries’ armies, said Dutch Ambassador to Vietnam Nienke Trooster.
— Vietnam Plus

Singaporean sentenced in massive online gambling case in Vietnam
A court in HCM City has handed jail terms and suspended sentences to 64 people who participated in an online gambling ring operating on www.dafabet.com.
— Asia One

It’s time to reform Vietnam’s rice sector, says Prime Minister
It’s time to comprehensively reform rice production since the staple plays an irreplaceable role in the country’s agriculture, Prime Minister Nguyen Xuan Phuc emphasized while chairing a conference on March 15 to seek ways to develop the sector sustainably in the Mekong Delta – the rice hub of the country.
— VietNamNet Bridge

Vietnam urges Cambodia to finish border demarcation
Vietnam’s Deputy Prime Minister Pham Binh Minh asked that the Cambodia government to finish installing demarcation posts planned along their shared 1,270km border soon.
— VnExpress

Tourism growth is not just about numbers
Associate Professor Phạm Trung Lương, former deputy director of the Institute for Tourism Development, under the Ministry of Culture, Sports and Tourism, speaks to Bnews.vn on how to turn the tourism industry into a spearhead economic sector.
— Viet Nam News

Top Vietnam firms stress social duties
While they remain focused on fattening their bottom lines, most leading businesses in the country also see exercising their social responsibility as a contributive factor.
— VietNamNet Bridge

ANZ Vietnam to sell retail banking business
Three foreign banks and two domestic banks, which have not been named, were reported by SaigonTimes as being interested in acquiring the retail businesses of the 100 per cent foreign-owned bank.
— VietNamNet Bridge

Vietnam, Russia seek to boost economic cooperation
A high-level Russian delegation led by Deputy Prime Minister Yuri Petrovich Trutnev visited Vietnam to seek more economic cooperation with Vietnam on March 14-15.
— VietNamNet Bridge

Hanoi rejects ministry’s King Kong statue plan
Hanoi’s municipal government has rejected a plan by Vietnam’s culture ministry to erect a “life-size” King Kong statue by an iconic lake in the city.
— BBC News

CAMBODIA-PHNOM PENH-VIETNAM-COOPERATION
Cambodian Foreign Minister Prak Sokhonn (R, front) shakes hands with Vietnamese Foreign Minister Pham Binh Minh (L, front) during the signing of agreed minutes of their meeting on March 15, 2017 in Phnom Penh, Cambodia. Cambodia and Vietnam pledged on Wednesday to boost their bilateral cooperation in all fields, especially in education, trade, investment, and fighting cross-border crimes.
— Prokerala

Feature photo: Huỳnh Mai Nguyễn

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Vietnam morning news is published M-F by AEC News Today: Governance, not government; policies not politics.

Vietnam Morning News For March 16 added by Leakhena Khat on March 16, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.