Vietnam Morning News For May 24

National Assembly doubtful about 6.7% growth target
With economic results in the first four months of the year below the average performance in previous years as reported by the Government, the National Assembly (NA) is afraid that GDP growth in 2017 can hardly meet the 6.7% target. The NA Economic Committee tentatively put GDP growth this year at 6.3-6.5%.
– VietNamNet Bridge

Capital aims for 4.5% export growth in 2017
The capital aims to generate US$11.1 billion from exports this year, 4.5 per cent higher than 2016, the municipal Department of Industry and Trade has said.
– Viet Nam News bizhub

Assembled-in-Vietnam cars are twice as expensive as Thailand’s
Car prices in Vietnam are nearly two times higher than in other countries in the region such as Thailand and Indonesia, and much higher than in countries with developed automobile industries such as the US and Japan.
– VietNamNet Bridge

PM approves 1 billion USD industrial park in Nghe An
Prime Minister Nguyen Xuan Phuc has approved the development of WHA Hemaraj 1 Industrial Park in Nghe An province’s Southeast Economic Zone.
– VietnamPlus

Vietnam Embassy warns fruit exporters of 13 fraudulent UAE suppliers
rade Counselor of the VietNam Embassy to the United Arab Emirates (UAE) has warned Vietnamese fruit export firms not to have transactions with 13 import companies in the UAE.
– Fresh Plaza

Việt Nam to supply up to 1 million tonnes of rice to Bangladesh a year
Vietnamese Minister of Industry and Trade (MoIT) Trần Tuấn Anh and Bangladeshi Minister of Food Advocate Qamrul Islam signed a memorandum of understanding (MoU) on the extension of rice trading in Hà Nội on Tuesday.
– Viet Nam News bizhub

Vietnam government to fund ag projects
Vietnam credit institutions will offer enterprises developing national agricultural products 70 per cent of investment capital support, said the Ministry of Planning and Investment (MPI).
– Fresh Plaza

Vietnam seeks to charm more Chinese tourists
Recent roadshows tried to convince more Chinese travelers to go south to both familiar and emerging destinations.
– VnExpress

NA aims to better recover bad debts
The National Assembly’s Economic Committee on Monday agreed to streamline existing legal regulations to better recover bad debts and restructure credit institutions.
– Viet Nam News

Education Ministry proposes education sector reforms
The Ministry of Education and Training plans to allow schools at all levels to recruit teachers on the basis of their specific requirements, instead of recruiting based on targets set by the education sector.
– VietNamNet Bridge

Draft law assisting SMEs not specific enough: deputies
National Assembly (NA) deputies said promulgating the Law on Support for Small-and Medium-sized Enterprises (SMEs) was an urgent task during a discussion on the draft law yesterday.
– Viet Nam News

VINPA asks for petroleum protections
The Viet Nam Petroleum Association (VINPA) has proposed to establish commercial barriers to protect local firms once import duties on fuel products are gradually reduced to zero per cent.
– Viet Nam News bizhub

Encouraged by high profits, more investors jump into property market
More than 1,390 new businesses were registered in the real estate sector in the first four months of the year, according to MPI, an increase of 66 percent over the first four months of 2016, while registered investment capital soared by 50 percent.
– VietNamNet Bridge

Dong Nai attracts 483 million USD in FDI so far
The southern province of Dong Nai has attracted nearly 483 million USD in foreign direct investment (FDI) so far this year, funding 26 new and 38 existing projects, according to the provincial Department of Planning and Investment.
– VietnamPlus

Nestlé officially opens Vietnam MILO plant
Nestlé has inaugurated a new MILO factory in Hung Yen, Vietnam.
– FoodNavigator-Asia

Occupational diseases on the rise among workers
After two years of working at a factory in Ha Noi, mechanic Huỳnh from the central region finds it hard to hear conversations unless his companions talk loudly.
– Viet Nam News

Big money flowing into VN stock market
Many new shares entered the bourse in late 2016 and early 2017, and the VN Index has bounced back to the 700 point threshold for the first time in the last nine years.
– VietNamNet Bridge

HCM City to build bridge to link districts 12, Bình Thạnh
The HCM City authorities plan to build a bridge across the Vàm Thuật River to link districts 12 and Bình Thạnh, according to the city’s Department of Transport.
– Viet Nam News

Shares slow down as banks lose steam
Shares declined on Tuesday after bank stocks, which had fueled market momentum in the previous session, tumbled unexpectedly as investors sought to earn from short margins.
– Viet Nam News bizhub

Vietnam’s commerce group finds loopholes in draft law to support SMEs
The Vietnam Chamber of Commerce and Industry has recently given its feedbacks on a draft law designed to extend financial support to small and medium-sized enterprises (SMEs).
– VnExpress

Lotte Vietnam on losing streak since operations began
Since entering the Vietnamese market in 2006, Lotte Mart Vietnam has never had profit.
– VietNamNet Bridge

Former Vinaconex boss faces prosecution
The Ministry of Public Security’s Police Investigation Agency has prosecuted Phí Thái Bình, former chairman of the Vinaconex board of directors, for violating construction regulations and causing serious consequences.
– Viet Nam News

Greening the troubled waters
Nhieu Loc Canal used to be “dead”. However, during the past two decades its revolting conditions have galvanized city residents to breathe a new life into it. Today it is a green, beautiful waterway.
– Mekong Commons

Tourism and conservation coexist in Vietnam national park
Deep in the forests of central Vietnam, home to rare flora and fauna and the world’s most spectacular system of caves, tourism is benefiting the local environment.
– Asia Times

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Vietnam Morning News For May 24 added by John Le Fevre on May 24, 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.