Vietnam Morning News For May 11

Vietnam Morning News For May 11
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Vietnam morning news

Vietnam: SonKim Land hits first close of $46m follow-up round led by EXS Capital
Vietnamese real estate developer SonKim Land Corporation has closed the first fundraising round of $46 million led by Asia-dedicated investment firm EXS Capital, the realty firm said on Wednesday.
– Deal Street Asia

Google blocks 1,500 harmful clips at Vietnam’s request
Google has blocked 1,500 clips with bad contents posted in Youtube out of a list of 2,300 such clips provided by Vietnamese authorities, according to the Authority of Broadcasting and Electric Information under the Ministry of Information and Communications.
– Vietnam Times

Urban rail faces another delay as debt grows
Despite several setbacks, investors pledged in February to put the capital city’s first elevated railway to trial operations in October. However, financial constraints have once again casted a pall over the project’s prospects.
– Viet Nam News

Hanoi broadens gate for foreign enterprises
On May 10th, Chairman of Hanoi’s People Committee Nguyen Duc Chung met leaders of international trade agencies as well as large number of foreign enterprises, with the aim to arouse the investment flow into Hanoi’s market.
– Hanoitimes

Canadian gold mining firm in multi-million dollar hole over unpaid taxes in Vietnam
Authorities in Quang Nam Province have asked Vietnam’s environment ministry to close a gold mine and ban a Canadian mining firm from further operations following its repeated failure to pay taxes, a senior provincial official said.
– VnExpress

Vietnam, Laos, Cambodia join hands in controlling infectious diseases
Health officials from Vietnam, Laos and Cambodia shared experience in fighting infectious diseases, especially avian flu, at a workshop in the central province of Thua Thien-Hue on May 10.
– VietnamPlus

Vietnam’s April coffee exports fall to 5-month low
Vietnam’s coffee exports fell to 134,800 tons in April, the lowest level in five months, the country’s customs office reported.
– VnExpress

State budget collects VNĐ400 trillion in four months
Nearly VNĐ396.5 trillion (US$17.6 billion) was collected for the State budget in the first four months of this year.
– Viet Nam News

Vietnam shrugs off China’s fishing ban in troubled waters
Vietnam has protested and dismissed a Chinese ban on fishing in the Gulf of Tonkin and the flashpoint South China Sea, which Vietnam calls the East Sea, for the next three months.
– VnExpress

Vietnam mulls lifting midnight curfew to pull in more tourists
Vietnam’s Tourism Association has submitted a proposal to the government asking for recreational establishments to be allowed to stay open until 2 a.m. The proposal comes ahead of the 2017 Prime Minister with Enterprises Conference that will take place on May 17.
– VnExpress

Paint, printing ink industry to grow 6-8 per cent annually
Việt Nam’s paint and printing ink industry is expected to grow at 6-8 per cent in 2016-20, according to the industry business association.
– Viet Nam News

President urges strong Việt Nam-China partnership
The enhancement of the Việt Nam-China comprehensive strategic cooperative partnership is in line with the two countries’ fundamental and long-term interests, and it benefits peace and stability in the region and the world.
– Viet Nam News

Vietnamese goods seek market opportunities through website Amazon
Vietnamese garment enterprises have yet to tap a huge potential for direct product sales to the European market through e-commerce giant, a German e-commerce and marketing expert said.
– Viet Nam News bizhub

Competition Law needs to be improved: official
he current Competition Law in Việt Nam has yet to come into practise, and it will need further improvement to reach its full potential, said Trịnh Anh Tuấn, Deputy Director General of the Việt Nam Competition Authority (VCA) of the Ministry of Industry and Trade (MoIT).
– Viet Nam News

Vietnam: Fruit & veg exporters urged to improve understanding of Middle East market
Vietnam has been witnessing the potential for fruit and vegetable exports to the United Arab Emirates (UAE) since the country banned the import of certain fruits and vegetables from five countries in the Middle East, according to the Department of Africa, West Asia and South Asia Markets under the Ministry of Industry and Trade.
– Fresh Plaza

Plan needed to rescue pig-farming industry
It can be said that there are many factors leading to the current crisis in the pig-farming industry. However, the underlying cause is the ideology of small-scale production, mainly among the animal husbandry households.
– Viet Nam News

Vietnam Airlines Corporation earns VNĐ854 billion pre-tax profit
Vietnam Airlines Corporation estimated reaching a syndicated revenue of VND21.2 trillion (US$930.23 million) in Q1 this year, a year-on-year increase of nearly 12.5 per cent, making a pre-tax profit of VND854 billion.
– Viet Nam News bizhub

City destroys 22 tonnes of fake, substandard fertiliser
HCM City authorities on Tuesday destroyed nearly 22 tonnes of fake or substandard fertiliser without labels of origin worth VNĐ300 million (US$13,000).
– Viet Nam News


Feature photo Monica Volpin
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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.




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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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