Vietnam Morning News For May 3

Vietnam Morning News For May 3
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Vietnam state investment arm SCIC partners Thai Kasikornbank
Vietnam’s government investment arm SCIC, the state investor in the country’s biggest firm Vinamilk, has inked a deal with Thai Kasikorn Bank to unlock more investment opportunities in Vietnam.
Deal Street Asia

Stocks poised to rise further this week
Vietnamese stock indices may rise further and test their resistance levels this week on higher investor confidence, bolstered by positive developments in global political conditions and good earnings reports.
Viet Nam News

Vĩnh Long expo on industry, trade kicks off
The 2017 Vĩnh Long expo on industry and trade opened on Sunday and will last until May 5 in the southern province of Vĩnh Long, attracting 92 enterprises from inside and outside the province.
Viet Nam News

U.S. opens probe into tool chest imports from China, Vietnam
The U.S. Commerce Department said on Tuesday it plans to open investigations into possible dumping and subsidization of imports of tool chests and cabinets from China and Vietnam.
Tuoi Tre News

Vietnam’s cement, clinker exports to Peru, Sri Lanka remarkably grow in Q1
According to the Vietnam National Cement Association (VNCA), apart from the traditional markets of Bangladesh and the Philippines, Vietnam’s cement and clinker manufacturers have been exporting more products to Peru and Sri Lanka.
Tuoi Tre News

Drug smugglers nabbed in joint Vietnam-Cambodia bust
Vietnamese police arrested two men on Sunday as they were trying to smuggle over 7,000 ecstasy pills and 17 kilograms of metaphetamine over the border from Cambodia.

Vietnam manufacturers see rise in overseas orders
Vietnam’s manufacturing sector started the second quarter on a healthy footing as new export orders rose at a record pace.
Financial Times

Loss-making SoEs could go bankrupt
Loss-making enterprises that are not eligible for privatisation must strictly implement restructure, merger or bankruptcy.
Viet Nam News

Beaches, eco-tourism spots packed with holiday revellers
Tourist spots, hotels and amusement venues, and buses and ferries across the country were packed with holiday makers during the four-day holiday that ended yesterday (May 2).
— Viet Nam News

Hanoi squeezes in smart car-parking app
The app is hoped to solve Hanoi’s crowded streets but some drivers have found it inconvenient.

24 Vietnamese killed in traffic accidents on Labor Day
Over 7,800 traffic violations were recorded during the four-day Reunification Day and Labour Day holidays.

Vietnam to fine businesses for illegally displaying ads in public
With a new set of rules taking effect this month, people who put advertisements in public places against Vietnamese regulations will be subject to a certain fine.
— Tuoi Tre News

Land prices surge amidst unconfirmed rumors in suburban Ho Chi Minh City
Land prices in Ho Chi Minh City’s suburban areas have recently skyrocketed over rumors of upgrading and merging outlying districts or the implementation of major projects.
Tuoi Tre News

Vietnam Embraces Russian ‘Immortal Regiment’ Rally to Celebrate Victory Day
As millions of people across Russia are planning to carry the photographs of their loved ones who perished in WWII during the “Immortal Regiment” march annually held on May 9 since 2012, the first such event will be held this year also in Vietnam, Russian ambassador in Hanoi, Konstantin Vnukov told Sputnik.
Sputnik News

The Great Vietnam War Novel Was Not Written by an American
In 1967, Le Ly Hayslip, then known as Phung Thi Le Ly, was a teenager living and working in Da Nang. A peasant girl who had survived war and rape in her rural village, she had migrated to Da Nang to escape persecution from both Vietnamese Communists and anti-Communists.
The New York Times

Returned Montagnards Facing Intimidation, Spying in Vietnam
A group of 25 Montagnard refugees who were returned to Vietnam last week are being subjected to surveillance and intimidation, while others have been forced to read “confessions” to be broadcast on television, according to Montagnard rights groups.
The Cambodia Daily (paywall)


Feature photo Monica Volpin
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