Vietnam Morning News For May 19

Shares sink on investor sentiment
Shares fell on both local exchanges on May 18, as investor confidence was weakened by negative global market trends and investors continued to seek short-term profits.
VietnamPlus/ VNA

European businesses unhappy with tax authorities’ handling of filing errors
How to improve the business environment in Viet Nam with respect to customs, trade facilitation measures and the tax regime by capitalising on the opportunities thrown up by the EU — Viet Nam Free Trade Agreement were discussed at a European Chamber of Commerce in Viet Nam (EuroCham) meeting in Ha Noi on Tuesday.
– Viet Nam News bizhub

Vinamilk imports over 2,000 cows from US
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has imported more than 2,000 Holstein Friesian cows from the US.
VietnamPlus/ VNA

EU to inspect VN seafood exporters
he European Union (EU) will send a delegation to Việt Nam in June to inspect the country’s food safety control system for seafood products exported to the EU.
– Viet Nam News

TPP ministers head to Vietnam to debate pact’s fate
Negotiators and ministers from Trans-Pacific Partnership countries are set to begin deciding the future of the trade pact without the U.S.
– Nikkei Asian Review

Bank security lacking: SBV
In light of recent widely reported cases of banking fraud related to automatic teller machine (ATM)
– Viet Nam News bizhub

Hanoi – a smart city, why not?
The plan to turn Hanoi into a smart city has been carried out for a while. On 17/5, Hanoi leaders had a meeting with representatives from 18 U.S corporations to discuss on the same issue.
– Hanoitimes

CSR holds key to sustainable growth for mining industry
Sustainability has remained a top priority for the mining industry and the Government.
– Viet Nam News bizhub

Virtually no local businesses in Vietnam have e-commerce
The Vietnam E-Commerce Association agrees with what most governmental bodies have been saying for some time—that small to medium size local companies really aren’t doing much online business-wise.
– VIETNAMNET Bridge

Tax burden in Vietnam higher than in ASEAN 4
Assessing the implementation of the government’s Resolution No.35 on enterprise support and development, Minister Dung said that efforts to reform administrative procedures and improve the business investment environment, reduce costs, and encourage startups, are worthy of note.
– VIETNAMNET Bridge

PVN reports output exceeds goals
The Vietnam Oil and Gas Group (PVN) reported that it has surpassed all business goals in the first four months in 2017, while global oil prices show signs of recovery.
– Viet Nam News bizhub

Sand mining in largest irrigation lake ordered to stop
The Ministry of Agriculture and Rural Development (MARD) has ordered a halt to all sand mining in Dau Tieng Lake, the largest reservoir in the country.
VietnamPlus/ VNA

Experts warn about speculators promoting housing bubble in HCM City
Several experts have warned about a possible real estate bubble burst after claims that investors are deliberately holding onto land plots to boost prices in HCM City.
– VIETNAMNET Bridge

Real estate developers want legal ‘identity card’ for officetels
Though officetels and condotels are selling in the market, they still do not have positions in legal documents.
– VIETNAMNET Bridge

Vietnam’s inflation cooling gradually: HSBC
Headline inflation eased further to 4.3% year-on-year in March from 4.6% previously. More than half the increase (2.9 percentage points) was contributed by the spike in health care services costs owing to the Government’s scheduled hike of medical and educational service fees.
– VIETNAMNET Bridge

Vietnam: Chinese visits to reach 4 million
Vietnam’s tourism industry projects the country will welcome 4 million Chinese tourists by the end of this year more than a third of the forecasted 11.5 million tourist arrivals for 2017
– TTR Weekly

China emerges as Vietnam’s largest fragrant rice importer
Last month Vietnam exported over 140,000 tons of fragrant rice, with 36% of it going to the Chinese market, which made China the largest importer of this kind of grain.
– VIETNAMNET Bridge

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Vietnam Morning News For May 19 added by John Le Fevre on May 19, 2017
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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.