Vietnam Morning News For January 16

PV Oil stakes entice eight foreign investors
Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.
— Bizhub

Vietnam’s logistics sector too expensive to compete with foreign rivals: experts
Vietnamese logistics companies are growing in number thanks to strong imports and exports, but that does not mean the services they provide are becoming more affordable.
— VnExpress

Vietnam to work with Mitsubishi Motors on electric vehicle R&D
Vietnam is set to partner with Mitsubishi Motors on research and development of electric vehicles.
— Nikkei Asian Review

Survey helps HCM City plan policy
The 2017 Economic Survey in HCM City has provided basic data about the number of enterprises, workers, the economic efficiency of companies and administrative units and proportion of information technology application, delegates heard at last Friday’s meeting to review the survey.
— Viet Nam News

State Auditor asked to improve organisation for better performance
National Assembly Chairwoman Nguyen Thi Kim Ngan has asked the State Audit to finalise a plan to better its organizational apparatus by 2020 with a vision to 2030, while improving the quality and capacity of its staff to increase the agency’s performance.
— VietnamPlus

Starbucks continues to promote Vietnam Da Lat coffee
Global icon Starbucks has announced the return of Vietnam Da Lat coffee to its motherland, Vietnam.
— Vietnam Economic Times

VN stocks up on investor confidence
Vietnamese shares advanced on Monday as large-cap firms were boosted by positive investor confidence that was looking for opportunities in the earnings season.
— Viet Nam News

Small-scale coffee farmers get helping hand
Lo Thi Phong in Chieng Chung commune in Mai Son district in the mountain province of Son La, has cultivated coffee for more than 10 years on 5,000 square metres of land, but she still finds life difficult.
— VietnamPlus

Vietnam’s cashew industry turns to Cambodia
Vietnam’s cashew industry has invested in 500,000 hectares of plantations in Cambodia with the vision of turning its southwestern neighbor into a major supplier.
— Tuoi Tre

Export – a bright spot of economic panorama
Vietnam’s export-import exceeded 420 billion USD for the first time in 2017, of which export recorded the highest growth of 21.1 percent over the past seven years with 29 commodities joining the one billion USD club.
— VietnamPlus

VN wants footwear, bags to yield $20b
Viet Nam has set a goal of earning between US$19.5 billion and $20 billion from footwear, bags and suitcases in 2018, up 10 per cent and 12 per cent from 2017.
— Bizhub

Industrial production motive for industrial growth: minister
Strong growth in industrial production was the main motive for industrial expansion in 2017, Minister of Industry and Trade Tran Tuan Anh said at a conference in Hanoi on January 15.
— VietnamPlus

Vietnam Seeks Upper Hand on Dissent with Rules On Foreign Internet Services
Vietnam is adding pressure on foreign internet firms to keep data on local users and be more accessible to the country’s authorities as the country tightens control over online dissent.
— VOA

Vietnam Dealbook: Dempsey Hill disposes of MWG shares, Vinasugar II to auction 93% stake
Stake disposals appear to be de rigueur in Vietnam currently.
— DealStreetAsia

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