Vietnam Morning News For February 27

Auto imports plummet over Government’s Decree 116
Automobile imports in Viet Nam plummeted in the first month of 2018, also the time before Tet (Lunar New Year) holiday.
— VietNamNet Bridge

Viet Nam fruit exports skyrocket
Exports of vegetables and fruits in January this year soared 63.3 per cent year-on-year in turnover to reach US$383.7 million, statistics from the General Department of Customs showed.
— Bizhub

VinaCapital invests $32.5m to acquire stake in poultry firm Ba Huan
VinaCapital’s flagship fund Vietnam Opportunity Fund (VOF) has invested $32.5 million to acquire a significant minority stake in Ba Huan JSC, the country’s leading eggs and poultry meat producer.
— DealStreetAsia

Vietnamese consumers open to buying electric vehicles
Up to 33 per cent of Vietnamese buyers are open to considering an electric vehicle (EV) as their next car, demonstrating the country’s strong potential to speed up the electrification of automobiles.
— Bizhub

Vietnam, US cooperate to produce goods from recycled fiber glass
GFSI-MHE Manufacturing of Texas LLC from the US and Minh Hung Group will join hands to construct a plant to manufacture products from recycled fiber glass under a contract inked in Ho Chi Minh City on February 26.
— VietnamPlus

Interest in VN food, beverage sector
The food and beverage sector remains a highly attractive one for both foreign and domestic players, many of whom have announced expansion plans.
— VietNamNet Bridge

Vietnam’s Export turnover up 50 percent during Tet holiday
Total export revenue during the week-long Tet holiday, which lasted from February 14-20, reached 289 million USD, up nearly 50 percent against the same period last year.
— NNT

Vietnam exports over 1500 tons of dragon fruit to China
On the second and third day of the Chinese Spring Festival the customs branch office of the Estuary Port, at Lao Cai in Vietnam, had already processed the export of 1,560 tons of dragon fruit.
— Fresh Plaza

Vietnam’s Nghi Son oil refinery ready for start-up from Feb. 28
Vietnam’s second oil refinery, Nghi Son Refinery and Petrochemical, will be ready for start-up from Feb. 28, its parent firm Vietnam Oil and Gas Group, or PetroVietnam ,said on Monday.
— Reuters

Ten divestments in spotlight for 2018
After 2017’s significant state capital divestment deals, the Vietnamese market is expected to see some of the most anticipated sales in 2018.
— VietNamNet Bridge

Australian delegation to learn about Vietnamese shrimp production
An Australian delegation will visit Viet Nam from February 26 to March 2 to learn about the processing chain for shrimps exported to Australia.
— Bizhub

BSR to debut on UPCoM on March 1
The Binh Son Refining and Petrochemical Co. (BSR) will list 241.4 million shares on the Unlisted Public Company Market (UPCoM) on March 1, with a reference price of VND22,400 ($0.98), according to information published by the Hanoi Stock Exchange.
— Vietnam Economic Times

Finance Ministry asked to implement tasks from year’s beginning
National Assembly Chairwoman Nguyen Thi Kim Ngan urged the Ministry of Finance (MoF) to perform its tasks right from the beginning of the year as 2018 is very important for the fulfillment of targets and plans for 2016-2020.
— VietnamPlus

S Korea’s Mirae Asset, Vietnam’s SCIC launch joint venture
Mirae Asset Global Investments, the asset management unit of South Korea’s Mirae Asset Financial Group, has inked a joint venture agreement with a subsidiary of Vietnam’s sovereign wealth fund State Capital Investment Corporation (SCIC).
— DealStreetAsia

Made-in-Vietnam varieties cover 59 percent of rice fields
As many as 4.6 million hectares of land, or 59 percent of total rice area in Vietnam, have been cultivated with domestically-made varieties, according to the Ministry of Agriculture and Rural Development (MARD).
— VietnamPlus

Formula One street race in Hanoi looks like a done deal
Vietnam could be added to the annual Formula 1 Grand Prix series as early as in 2020, according to former Formula One tycoon Bernie Ecclestone.
— Investvine

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