Vietnam Morning News For February 8

Plastics exports predicted to expand by some 15% in 2018
Vietnam’s exports of plastic products are expected to rise by 12-15% this year on the back of rising market demand, according to Vietnam Plastics Association (VPA).
— The Hanoi Times

Vietnam may export longans to Australia in 2019
Vietnamese longans may be exported to Australia in 2019, according to a delegation of the Australian Department of Agriculture and Water Resources.
— VietnamPlus

Who will pay Vietnam’s rising tax bill?
Vietnam’s ruling Communist Party perennially stresses that it serves both the interests of the people and business, the poor and rich, but never more so than when talking about taxes.
— Asia Times

Vietnamese entrepreneurs form start-up with parking app
Two Vietnamese men have led a team in successfully designing a smartphone app for urban drivers searching for an available parking spot in a bid to reduce common issues related to parking.
— Tuoi Tre

China: Vietnamese dragon fruits reach the Pearl River
The COSCO container ship “Dense Cloud River” recently carried 67,809 kg of dragon fruits on the shipping line CVX1 from the Ho Chi Minh port to the Gaolan domestic dock at Zhuhai.
— Fresh Plaza

Aquatic export surges in January
Fishery export value amounted to 560 million USD in the first month of 2018, up 15.6 percent from the same period last year.
— VietnamPlus

Majority of Japanese investors plan future expansion in Vietnam
Driven by better performance in 2017, around 70 per cent of Japanese businesses in Vietnam are planning to expand their business activities in the country to cash in on the huge growth potential.
— VietnamNet Bridge

Restructure economy to boost new firms: official
Favourable conditions are needed to increase the number of new businesses and startups in order to realise the target of 1 million enterprises by 2020, an official has said.
— Bizhub

Exclusive: Australia’s Artesian Venture Partners eyes early-stage startups in Vietnam
Australian alternative investment manager Artesian Venture Partners is keenly watching the Vietnamese startup ecosystem and plans to invest in the country’s early-stage startups, a top executive said.
— DealStreetAsia

Vietnamese taxi company sues Grab for unfair business practices
HCM City People’s Court commenced trial looking into the suit initiated by the local domestic taxi operator Vinasun against the popular ride hailing service, Grab, on accusations of unfair business practices.
— Bizhub

Vietnam, Indonesia step up cooperation in coffee sector
The Embassy of Indonesia in Hanoi and the Vietnam Coffee and Cocoa Association on February 6 hosted a workshop to boost Indonesia – Vietnam cooperation in the coffee sector.
— VietnamPlus

Profitable FDI businesses pay low taxes
The foreign direct investment (FDI) sector contribute a modest amount to the State budget although they enjoy many incentives and get high profits.
— VietnamNet Bridge

Vietnam: EVN subsidiary Genco 3’s IPO fails to pique investor interest
Prospective investors have registered interest in less than three percent of the stake Vietnam is selling in its Power Generation Corp 3 electricity firm, official data showed.
— DealStreetAsia

SSC calms investors after 2 stock market blows
Viet Nam’s stock market almost lost US$14 billion after two blows on Monday and Tuesday.
— Bizhub

Vietnam PM urges trade commissioners to be more dedicated at work
Vietnam’s Prime Minister Nguyen Xuan Phuc has requested Vietnamese trade commissioners to ask themselves if they are trying hard enough at work, and suggested that they do their job with more passion and diligence.
— Tuoi Tre

Vietnam has over 561,000 firms in operation
The number of enterprises operating in Vietnam at the end of last year increased by 11.1% against 2016 to 561,064, reported Head of the General Statistics Office (GSO) Nguyen Bich Lam on February 6.
— The Hanoi Times

Fruit trucks stuck at China-Vietnam border
Hundreds of trucks loaded with fruit for China have been seriously delayed at the northern province Tan Thanh border gate.
— Fresh Plaza

Insurance market benefits from foreign participation
The participation of foreign investors in Vietnam’s insurance market will help the market develop while benefiting domestic insurers in experiences and governance.
— The Hanoi Times

Vietnamese farmers expect nice profits from red mandarin for Tet
The Quyt hong Lai Vung (Lai Vung red mandarin), a specialty fruit of the Mekong Delta province, is one of the favourite fruits for the New Year because of its beautiful colour, thin skin, few seeds and special flavour.
— Fresh Plaza

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