Vietnam Morning News For March 29

Vietnam fetches nearly US$3.6 billion from fiber exports
The garment and textile industry reported its fiber exports to surge sharply by 22.7 percent last year, contributing US$3.59 billion to the industry’s total export revenue.
— The Hanoi Times

Expert urges Vietnamese firms to explore other markets
Vietnamese firms should expand their partnership to at least three markets to avoid sole dependence on a particular market, said economist Phạm Chi Lan.
— Viet Nam News

Investors in Vietnam learn to live with anti-corruption crackdown, some embrace it
A crackdown on corruption in Vietnam unnerved some foreign investors when it intensified last year, but they are now getting much more sanguine about it and some say the business climate is improving as a result.
— Reuters

Keeping inflation rate below 4 percent feasible: Deputy PM
The consumer price index (CPI) in 2018 is forecast to rise by 3.41 percent, 3.55 percent and 3.9 percent under the scenarios created by the aide group of the Government’s Steering Committee on Price Management.
— VietnamNet Bridge

Vietnam posts trade surplus of US$1.3 billion in first quarter
Vietnam earned a surplus of US$1.3 trillion in merchandise trade in the first three months of 2018, as shown by the preliminary data released by the General Department of Customs.
— Nhan Dan Online

Vietnam pushes private sector development to boost growth
The PM is determined to make private enterprise the main engine behind the country’s economy.
— VnExpress

ADB, JICA to support 20,000 smallholder farmers with US$163 million deal
The loans will help improve inclusive and sustainable agricultural value chains, directly benefiting up to 20,000 smallholder farmers in Indonesia, Papua New Guinea (PNG), Timor-Leste, and Vietnam.
— The Hanoi Times

Vietnamese steel wire rods not subject to anti-dumping taxes: ADC
The Australian Anti-Dumping Commission (ADC) issued its final verdict concerning the anti-dumping lawsuit on steel wire rods imported from the Republic of Korea (RoK), Indonesia, and Vietnam, on March 26, concluding that Hoa Phat Group and Vietnamese businesses did not dump their steel coils to Australia.
— Nhan Dan Online

Vietnamese businesses invest over 149.5 million USD abroad
Vietnamese businesses have invested in 23 projects totaling 123.62 million USD in other countries in the first quarter of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
— VietnamPlus

Vietnam: The rise of the hydroponic lettuce
Rijk Zwaan recently opened a subsidiary in Vietnam. In the coming months the company will start R&D activities here for the tropics.
— Fresh Plaza

Oil And Gas in Vietnam Market Growth, Demand and Trends 2018
Oil And Gas in Vietnam Market Research Reports 2018 to 2021 tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies.
— Business Service24

Vietnam eyes tourism reform
Vietnam’s tourism industry is booming and is fast becoming the driving force behind economic growth – but it also faces calls for reform to keep up with high standards.
— The Jakarta Post

Vietnam unprepared for imminent 4th Industrial Revolution: experts
The next Industrial Revolution will upend society as we know it and Vietnam is not adequately equipped to ride the upcoming waves of technological convergence, said experts at a conference held by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on Monday.
— VnExpress

Vietnamese firms urged to deeply explore Cuban market
Vietnamese enterprises need to devise specific business strategies and fully tap opportunities to further partner with Cuban firms, thus expanding their operation in the country, a Vietnamese official has said.
— VietnamPlus

What ails US-Vietnam trade relationship
VIETNAM’S strategic relationship with the United States has progressed but it is being held hostage to various sticking points over trade and the economy, many of which are expected to be negotiated in the coming weeks and months of 2018.
— Business Times

VietinBank Partners With Opportunity Network to Offer Clients Access to Innovative Growth-focused Digital Business Matchmaking Platform
VietinBank announced today they are partnering with Opportunity Network to offer VietinBank’s clients access to an innovative digital business matchmaking platform that promotes growth by connecting business owners to a network of more than 15,000 CEOs in over 113 countries.
— Business Insider

Vietjet signs MoU with Safran, finance deal with GECAS
Vietjet Aviation Joint Stock Company and Safran Aircraft Engines on March 27 signed a Memorandum of Understanding (MoU) on comprehensive collaboration under the witness of General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and French President Emmanuel Macron.
— VietnamPlus

France’s Bouygues, EDF sign deals during Vietnam leader visit
French construction group Bouygues signed a 1.5 billion euro ($1.86 billion) contract to finance, build and operate a metro line in the Vietnamese city of Hanoi, the French presidency said on Tuesday.
— Tuoi Tre

Feature photo Lucas Jans

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