Vietnam Morning News For July 9

Vietnam begins work on $218mn solar power project
Designed with the capacity of 204 megawatts, this is considered the largest solar power project in the country so far.
— Tuoi Tre

Cashew sector calls for 800 million USD credit package
The Vietnamese cashew sector is calling for an 800 million USD credit package from commercial banks to better serve its exports, as heard at a seminar held in Ho Chi Minh City on July 6.
— VietnamPlus

Pompeo urges North Korea’s Kim to follow Vietnam’s example
U.S. Secretary of State Mike Pompeo on Sunday urged North Korea to follow the example of Vietnam, saying President Donald Trump believed Pyongyang could replicate Hanoi’s path to normal relations with Washington and to prosperity.
— CNBC

Vietnam’s industrial property forecast to enjoy growth
Vietnam has attracted companies renting industrial property due to low cost as well as strategic location, strong economic growth and development of the middle-class, according to JLL Vietnam.
— VietnamNet Bridge

’Green’ products popular in Vietnam
Tran Minh Tien, owner of a shop in the southern province of Long An, said he sells some 10 kinds of goods made from natural and environment-friendly materials such as grasses, bamboo and coconut fibre, replacing products made from plastic.
— VietnamPlus

Unstable policy keeps foreign investors away from BOT projects
Foreign investors are interested in BOT projects, but few investors dare to pour money into the sector because of unstable policies.
— VietnamNet Bridge

UOB retains 2018 GDP growth forecast for Vietnam at 6.8%
The Vietnamese central bank is expected to keep refinancing rate on hold until at least the end of this year, a UOB economist wrote.
— The Hanoi Times

Prices of oil, petrol remain unchanged in latest adjustment
The prices of oil and petrol were kept unchanged following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance on July 7.
— VietnamPlus

Delta farmers face fruit price decline
Farmers in the Cuu Long (Mekong) Delta are suffering losses during the peak harvest season as prices of fruit have declined dramatically.
— Bizhub

Soft drink firms make big money, pay small taxes in Vietnam
Four market leaders pay a miniscule amount as taxes on millions of dollars they rake in, it is claimed.
— VnExpress

Foreign investors eye Vietnam’s food processing industry
Steady growth and preferential policies have made Vietnamese food processing industry increasingly attractive to foreign investors.
— The Hanoi Times

China ripe market for local tra fish exporters
Viet Nam now has more opportunities to promote its tra fish exports to China, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).
— Bizhub

PetroVietnam increases holding in BSR to 92.12%
Binh Son Refinery and Petrochemical (BSR) is in favor of selling stake through public auction.
— The Hanoi Times

Non-cash payments need support
The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods.
— Bizhub

Vietnam to install 5 modern weather radars
Vietnam will build five new weather radar stations in its northern and central regions to provide better forecast about storms, thunderstorms and heavy rain, according to the National Center for Hydro-meteorological Forecasting on Sunday.
— Xinhua

Can Tho steps up economic reform for better global integration
Economic reform, in companion with renewing growth model to improve productivity and competitiveness capacity, is a top priority of the Mekong Delta city of Can Tho to realize the goal of global economic integration and sustainable development.
— VietnamPlus

Ha Noi condo market slows in Q2
The condominium market for sale showed signs of slowing down in the second quarter of this year, said Nguyen Hoai An, director of CBRE Viet Nam’s Ha Noi branch at a press conference on Wednesday to report on the capital city’s real estate market in the second quarter of this year.
— Bizhub

Farmers in central region urged to develop hi-tech agriculture
The Ministry of Science and Technology and the Ministry of Agriculture and Rural Development have urged six provinces in the northern central region to utilise land in the corridor of Ho Chi Minh Trail to develop high-tech agriculture.
— VietnamPlus

VN should be resilient to shifting megatrends: WB
Viet Nam’s economy can be re-defined by focusing on the effective exploitation of four megatrends affecting the country’s sustainable and competitive development.
— Bizhub

Travel: Vietnam’s historic railway
A slim country which narrows at the centre, as if cinched by a belt before bulging at either end, Vietnam appears custom-made for a north-south railway line.
— The Argus

Construction on ESMO’s first wiring harness factory in Vietnam starts
Products churned out from ESMO`s new plant in Vietnam will meet rising demand from hybrid electric vehicle manufacturers.
— The Hanoi Times

Vietnamese business club makes debut in RoK
The Vietnamese Business Club in the Republic of Korea (VBCK) made its debut at a ceremony in Seoul on July 7, drawing the attendance of hundreds of Vietnamese and Korean businessmen.
— VietnamPlus

Wínk Hotels secures prime location in Da Nang for third Vietnam project
Indochina Kajima Development Limited (ICC-Kajima), the developer of the Wínk Hotels brand, has acquired a second site in Da Nang city for the construction of its third hotel worth US$40 million under the brand name of Wínk in Vietnam.
— The Hanoi Times

Feature photo Justin Jensen

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