Vietnam Morning News For April 6

Ha Noi’s condo market booming
Positive market sentiments in the condominium industry in 2017 continued into the first quarter of 2018, according to CBRE Viet Nam’s Ha Noi property market report for the first quarter (Q1) of this year, released in Ha Noi on Tuesday.
— Bizhub

Measures sought for fisheries sector’s sustainable development
Representatives from 28 coastal localities nationwide gathered at a conference in the south central coastal province of Khanh Hoa on April 5 to seek measures for sustainable exploitation, preservation, processing and consumption of aquatic products.
— VietnamPlus

Facebook Users in Philippines, Indonesia, Vietnam Hardest Hit (video)
In its latest mea culpa, social media giant Facebook has admitted that the number of its users whose data was improperly shared with British political consulting firm Cambridge Analytica was in fact 74 per cent higher than previously thought, now exceeding 87 million people.
— AEC News Today (video)

PVN’s Q1 budget contribution surpasses target
In the first three months of 2018, The Vietnam National Oil and Gas Group (PVN) contributed VND23.8 trillion (US$1.04 billion),exceeding the target by 30%.
— The Hanoi Times

Vietnamese fruit imports into Guangxi ports requires traceability
Starting from April, Chinese companies that import Vietnamese fruit need to provide “the information on product quality and traceable packaging” when they apply for permission at the Guangxi Import and Export Office for Quality Supervision, Inspection, and Quarantine.
— Fresh Plaza

Vietnam is world’s second largest footwear exporter
Vietnam shipped more than 1 billion pairs of shoes last year, helping the country maintain the position as the second biggest footwear exporter in the world.
— The Hanoi Times

Vietnam mushroom business takes off
Despite hardships and difficulties, Bui Minh Thang has taken over his family mushroom farming business.
— Fresh Plaza

Vietnam seals deal in tax agreement
A Vietnamese trade official in Cambodia last Saturday said a recent tax agreement between the countries will build more confidence among investors and business people in the Asean neighbours.
— Khmer Times

Latitude Tree says lost inventory, building and machinery in fire incident at Vietnam factory
Latitude Tree Holdings Bhd today announced that a fire incident at a factory building in Binh Duong, VIetnam belonging to RK Resources Co Ltd, an indirect wholly-owned subsidiary of the company, may have seen losses of US$5.5 million (RM21.45 million) in inventory, building and machinery.
— The Sun Daily

Bình Dương records trade surplus of over $1.5b
The southern province of Bình Dương recorded a trade surplus of more than US$1.5 billion in the first quarter of 2018, according to the provincial Department of Industry and Trade.
— Viet Nam News

EC stops investigation of Vietnamese hand pallet trucks
The European Commission (EC) decided to terminate the circumvention investigation of hand pallet trucks imported from Việt Nam due to lack of evidence.
— Viet Nam News

Luxury property developer Vinhomes to trade nearly 2.7b shares on HoSE
Vinhomes, the luxury villa and serviced apartment development arm of Vietnam’s biggest property developer Vingroup (VIC), has registered to list nearly 2.7 billion shares on Ho Chi Minh City Stock Exchange (HoSE).
— DealStreetAsia

E-commerce set for strong 2018
The e-commerce market has taken off in Viet Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.
— Bizhub

Vietnam to build national brand strategy for coffee in 2018
The Ministry of Industry and Trade (MoIT) will give top priority for building the national coffee brand strategy this year to increase the product’s value.
— The Hanoi Times

In Vietnam’s economic zones, transparency should eclipse tax wavers: legislator
‘If the authorities are corrupt then unofficial fees can be even higher than tax and land lease fees.’
— VnExpress

Vietnamese hospital uses cutting-edge radiotherapy system
The adoption brings greater benefits to patients with cancer and marks a new stage of radiation therapy techniques previously not seen in Vietnam
— Tuoi Tre

Why do real estate developers want to legalize condotels?
The first condotels appeared in Vietnam several years ago and have been developing very rapidly since then.
— VietnamNet Bridge

VPBank to lift chartered capital to 1.22 billion USD
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) plans to increase its current chartered capital from 15.7 trillion VND (around 691.6 million USD) to 27.8 trillion VND (1.22 billion USD) in 2018, the bank announced at its shareholders’ recent meeting.
— VietnamPlus

Northern power firm produces 13.8 billion kWh of electricity in Q1
The Electricity of Vietnam (EVN) Group’s Northern Power Corporation (EVNNPC) has reported that its commercial power output in the first quarter of 2018 picked up 14.06 percent year-on-year to more than 13.8 billion kWh.
— VietnamPlus

Ministry prompts to hire consultants for Long Thanh’s site clearance project
The Ministry of Planning and Investment (MoPI) asked the government for hiring domestic consultants to support the land acquisition, compensation and resettlement project of Long Thanh airport.
— The Hanoi Times

Singapore’s sovereign wealth fund GIC pares stake in VietJet Air
Singapore’s sovereign wealth fund GIC has reduced its ownership in Vietnam’s budget airline VietJet Air (VJC) to 4.97 per cent and is no longer a major shareholder of the carrier.
— DealStreetAsia

Expanding the France-Vietnam Relationship
French President Emmanuel Macron received Communist Party of Vietnam (CPV) General Secretary Nguyen Phu Trong on March 27 at the Elysee Palace for a two-day visit.
— The Diplomat

CJ CGV Vietnam reports stellar 2017 performance
The Republic of Korea’s conglomerate CJ’s CJ CGV Vietnam, the leading film distributor and movie theatre operator in Vietnam, reported VND2.8 trillion ($122.7 million) in revenue in 2017 with a market share of 47 per cent, running laps around competitors.
— VietnamNet Bridge

VN to showcase mining technology
The fourth Mining Việt Nam 2018, an international mining and minerals recovery exhibition and conference, will be held on April 18-20 at the International Centre for Exhibition in Hà Nội.
— Viet Nam News

Azerbaijan, Vietnam enjoy huge potential for raising trade
Azerbaijan`s Foreign Minister Elmar Mammadyarov has met with Vice Foreign Minister of the Socialist Republic of Vietnam Dang Dinh Quy on the sidelines of the Mid-Term Ministerial Conference of the Non- Aligned Movement.
— Azertag

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