Vietnam Morning News For June 14

Vietnam spends 3.6 million USD on petrol imports
Vietnam imported more than 5.56 million tonnes of oil and petroleum products worth nearly 3.6 billion USD in the first five months of the year.
— VietnamPlus

Scrap imports choke Ho Chi Minh City ports
An increasingly larger quantity of imported scrap has overloaded several seaports in Ho Chi Minh City, which has become an ‘alternative destination’ for the waste dumping after China ceased buying it earlier this year.
— Tuoi Tre

Expositions focus on rubber, paper, coatings, paper ink industries
Domestic and foreign firms operating in the fields of rubber, paper, coatings and paper ink are displaying their products at international expositions that synchronously kicked off in Ho Chi Minh City on June 13.
— VietnamPlus

Cadivi Dong Nai to increase holding in Hanoi Plastics to over 55%
Cadivi Dong Nai has registered to purchase 2 million shares of Hanoi Plastics, lifting its shareholding from 25% to over 55%.
— The Hanoi Times

More shoppers in Hanoi buy fresh food online
An increasing number of consumers are buying fresh food online, according to the Hanoi Department of Industry and Trade.
— VietnamPlus

Luc Ngan-Bac Giang Lychee Week opens in Hanoi
The ‘Luc Ngan-Bac Giang Lychee Week in Hanoi’ opened at BigC Thang Long, 222 Tran Duy Hung Street on June 13 as part of Bac Giang’s activities to promote lychee consumption this year.
— Nhan Dan Online

BIGO announces possible acquisitions at its official Cube TV launch in Thailand, Malaysia and Vietnam
BIGO officially launches Cube TV in Thailand, Malaysia and Vietnam as part of its expansion strategy and has identified these 3 markets to be its key markets in South East Asia region.
— AEC News Today/ PRNewswire (media release)

Cần Thơ investors must allocate social housing land
New criteria for Cần Thơ City’s housing projects stipulate that investors must dedicate 20 per cent of their project land to social housing in certain cases, according to the city People’s Committee.
— Viet Nam News

Phuc’s green energy aspirations for Vietnam
Vietnamese Prime Minister Nguyen Xuan Phuc laid out his country’s ambitions to boost renewable energy usage.
— Asean Today

What’s in Vietnam’s New Submarine Vessel?
Hanoi’s construction of a submarine rescue vessel deserves attention.
— The Diplomat (paywall)

Financial experts urge caution against dollar loans
Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.
— Bizhub

Vietnamese railway leaders severely criticized for consecutive accidents
Leaders of Vietnam’s state-owned railway corporation have been ‘seriously criticized’ – one of the lightest punishments in the country’s employment law – for their responsibility for successive serious train accidents that claimed two lives in May.
— Tuoi Tre

Thai Nguyen ready for investment promotion conference
The northern province of Thai Nguyen will host an investment promotion conference in early July 2018 to introduce its potential, strengths and policies to international investors and organisations.
— VietnamPlus

Seafood exports face barriers
The seafood companies should work closer with various ministries such as trade and industry and foreign affairs to overcome trade barriers that hinder Vietnamese seafood exports, a top agriculture official said.
— VietnamPlus

The future of UK-Vietnam trading relationships
Trade Minister Greg Hands speaks to businesses at the UK-Vietnam Joint Economic and Trade Committee (JETCO) in Manchester, on government support for trade with Vietnam.
— Gov.UK

Vietnam earnings from produce rise
Vietnam earned nearly US$1.7bn from exporting fruits and vegetables in the first five months of this year, up 19.6 per cent on 2017, according to Ministry of Agriculture and Rural Development figures quoted on Xinhuanet.com.
— Fruitnet

Hanoi strives to improve business environment and competitiveness
The Hanoi People’s Committee has recently issued a plan on further performing tasks and measures to improve business environment and Hanoi’s Provincial Competitiveness Index (PCI) in 2018 and the coming years.
— The Hanoi Times

Old phones find matches in HCM City
DESPITE smartphone manufacturers’ best efforts, there is still a big market in Vietnam’s HCM City, often driven by nostalgia, for old feature phones, which is driving their prices to unreasonable levels.
— The Nation

Kien Giang eyes large investment
The Cuu Long (Mekong) Delta province of Kien Giang aims to mobilise VND215 trillion (US$ 9.5 billion) for socio-economic development by 2020 and VND 1,000 trillion (US$ 45 billion) by 2030.
— Bizhub

Vietnam taking PH model on WESM establishment
State-run Vietnam Electricity (EVN) is sending teams to the Philippines to study and catch sight of a first-hand reference on how it can develop its electricity spot market for the Vietnamese power sector.
— Manila Bulletin

FMCG market forecast to grow at 5 per cent this year
Sales of fast moving consumer goods have slowed down this year in both urban and rural areas, according to Kantar Worldpanel, a global expert in shoppers’ behaviour.
— Bizhub

Hanoi revisited: perspectives from our former ambassador
Komgrit Varakamin reflects on the changes he HAS discovered in modern-day Vietnam What does Hanoi look like today compared with the city I first saw in 1985? My prompt answer to that question is that Hanoi is much more modern and developed now than when I first visited 33 years ago.
— The Nation

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