Vietnam Morning News For April 10

Logistic firms urged to get technological
Technology is seen as one way to help domestic logistic enterprises cut costs to gain an edge amidst higher demand in global transport.
— Viet Nam News

Vietnam Food Association risks losing rice monopoly
Following recent criticism of the Vietnam Food Association (VFA), the Ministry of Agriculture and Rural Development (MARD) has reduced the association’s power, with further plans to promote fairness in rice exports.
— VietnamPlus

Excess loans to be permitted beginning May 1
Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.
— Bizhub

Completing the adjustment of land use plan up to 2020
Prime Minister Nguyen Xuan Phuc concluded on the adjustment of land use master plan to 2020 and localities’ land use plan for the final five-year period (2016 – 2020).
— The Hanoi Times

Motorbikes to be labelled with energy consumption
The Ministry of Transport plans to label energy certificates for new motorcycles which are manufactured, assembled and imported to Việt Nam.
— Viet Nam News

Seafood exports face numerous technical barriers
Vietnam’s fisheries industry faces a quandary as bright export growth prospects are clouded by numerous technical barriers set up in major importing markets.
— The Hanoi Times

Food producer KIDO targets 43% increase in profit
Foods and flavours producer KIDO Group (KDC) plans to earn VND800 billion (US$35.1 million) in pre-tax profit in 2018, up 43 per cent year-on-year, the group has announced.
— Bizhub

New Japanese investment trend in Vietnam
Retail and non-banking services are forecast to be the main sectors that Japanese investors will be interested in next time, according to Japanese M&A consultancy group Recof.
— The Hanoi Times

Vietnam to export rambutans to New Zealand
Vietnamese rambutans have been approved for export to New Zealand, which will be officially announced at a ceremony on April 10.
— Nhan Dan Online

PM vows best environment for agriculture, rural development
The government will continue paying close attention to agriculture and rural areas and create the best environment for their development, Prime Minister Nguyen Xuan Phuc said during a dialogue with farmers in the northern province of Hai Duong on April 9.
— VietnamPlus

Sterling and Wilson Plans 300 MW Solar PV Projects in Vietnam
Sterling and Wilson, one of the leading Solar EPC companies globally, is planning to construct 300 MW of Solar PV plants in Vietnam by June 2019.
— Business Wire

IPO value in Vietnam’s stock market hit nearly $1 billion in Q1
Vietnam’s stock markets raised VND21.3 trillion (US$938 million) through the initial public offering (IPO) auctions of 12 State-owned enterprises in the first quarter of this year.
— The Hanoi Times

Dak Lak seeks permission to go ahead with 18 solar power projects
Out of 18 solar power projects which have been approved in principle, 4 projects with a multi-billion US dollar investment would bring a new hope for Dak Lak economy, according to Pham Ngoc Nghi Chairman of the Dak Lak People`s Committee.
— The Hanoi Times

Vietnam’s Vingroup to tap pharmaceutical industry with Vinfa brand
Multifaceted Vietnamese conglomerate Vingroup has announced it would soon extend its reach to the pharmaceutical market with its own brand Vinfa.
— Tuoi Tre

Vietnam co-work startup enters Cambodia and Laos
Toong, the leading Vietnamese startup in co-working spaces, will expand into Laos and Cambodia this year by partnering with property developers and service suppliers in the region.
— Nikkei Asia Review

Vietnamese cryptocurrency scam allegedly deceives thousands to swindle $660mn
A Ho Chi Minh City-based company is being denounced as a scam that has swindled a hefty sum out of a purported 32,000 victims by duping them into investing in virtual currencies to earn easy, ‘real’ money.
— Tuoi Tre

Hoa Phat exports wire drawing steel to Laos, RoK
Hoa Phat Equipment & Accessories Co., Ltd, a subsidiary of the leading Vietnamese steel maker Hoa Phat Group (HPG), sold 3,000 tonnes of wire drawing steel in the domestic and foreign markets, namely the Republic of Korea (RoK) and Laos, in the first quarter of 2018.
— VietnamPlus

Lack of upmarket office space makes HCM City red hot for developers
The HCM City office market is rife with opportunities for property developers, especially the grade A and B segments which have been labouring under a shortage for the last couple of months, experts said.
— Bizhub

Vietnam’s street-food cocktails making a splash
WITH his daring pho cocktail inspired by Vietnam’s signature beef noodle soup, Hanoi’s leading hipster bartender Pham Tien Tiep is hoping to elevate the drinking scene in a city better known for its raucous outdoor beer dens.
— Business Times

China And Vietnam Explored Almost A Decade Together For Oil. What Went Wrong?
China and Vietnam, through wary of each other politically, talk regularly about working together at sea where oil and gas deposits may lurk.
— Forbes

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