Vietnam Morning News For May 15

Petrolimex Aviation to supply fuel to all airports
Petrolimex Aviation Fuel Joint Stock Company (Petrolimex Aviation) will supply fuel to all 26 airports in Viet Nam, according to the next five-year development plan.
— Bizhub

Intermediary payment service blooms in Vietnam
Intermediary online payment service is developing strongly in Vietnam with active participation of foreign players, according to the country’s central bank on Monday.
— Xinhua

Ministries urged to remove 49% foreign cap
The Prime Minister’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 per cent at enterprises where foreign investment is not restricted.
— Bizhub

Enhancing the Vietnamese tourism industry
Experiencing a rapid growth in the tourism industry, Vietnam could become a regional leader in the coming years. Yet, it needs to combat an important cultural setback if it aims to reap the benefits of its entrepreneurial spirit and grow tourism in quality as well as in quantity.
— Asean Up

Exports of tra fish earns 438 million USD in three months
Export turnover of tra fish reached 438.2 million USD in the first quarter of 2018, an increase of 18 percent year-on-year, according to the Association of Seafood Exporters and Producers (VASEP).
— VietnamPlus

Experts: Vietnam needs to develop more rental housing projects
More attention should be paid to developing affordable house- for-rent projects in an effort to resolve the severe shortage of housing for low-income earners, young couples, the elderly and workers in urban areas, experts have said.
— VietnamPlus

Feature: Vietnam strives to rein in risks posed by cryptocurrencies
Pham Cuong works as a professional interpreter who often travels around Vietnam and abroad. The 60 computers in his room in Vietnam’s northern Thai Nguyen province run around the clock all year.
— Xinhua

Vietnamese carmaker Vinfast adds electric buses to product line
The company has previously announced it will produce ‘made-in-Vietnam’ five-seater sedans, SUVs, mini-cars, electric cars and electric motorbikes
— Tuoi Tre

Millions of bank cards left unused as Vietnamese lenders rush to meet targets
Nearly half of all bank cards issued in Vietnam have never been put to use, with experts believing that banks which raced against one other to increase their networks of cardholders are to blame.
— Tuoi Tre

Vietnam rejects ex-politburo member’s graft appeal
A Vietnamese court Monday rejected an appeal by a former politburo member Monday who is serving a 13-year corruption sentence for overseeing a loss-making investment as head of the country’s largest oil firm.
— Daily Mail

Vietnam condemns terror attacks in Indonesia
Vietnam strongly condemns the recent terror attacks in Surabaya city of Indonesia, including inhuman attacks at three churches in the early morning of May 13 that left many civilians dead and injured, said the Vietnamese Foreign Ministry’s spokesperson Le Thi Thu Hang.
— Nhan Dan Online

Prak Sokhonn meeting to boost Vietnam ties
Foreign Affairs Minister Prak Sokhonn is to co-chair the 16th Meeting of the Cambodia-Vietnam Joint Commission on Economic, Cultural and Scientific-Technological Cooperation with the Vietnamese Foreign Minister on Thursday in Hanoi.
— Khmer Times

Haiphong International Container Terminal opens North Vietnam to 14,000 teu containerships
A joint venture terminal, including Mitsui OSK Lines and Wan Hai Lines as partners, at Haiphong in Northern Vietnam capable of handling 14,000 teu capacity containerships was officially launched on Sunday.
— Seatrade Maritime

Fish rules perfected, hook, line and sinker
Việt Nam has perfected the legal framework of nine recommendations issued by the European Commission (EC) to ensure responsible and sustainable fishing.
— Viet Nam News

U.S. ships 67,000 MT of corn to Vietnam
Members of the U.S. Grains Council (USGC), as well as USDA and Vietnamese officials welcomed 67,000 metric tons (2.64 million bushels) of American corn to the port of Cai Lan on May 3.
— Farms

Viettel fined for replacing foreign TV channels
After VTVcab, General Military Telecommunications Company (Viettel) will be fined for replacing a number of foreign television channels with new ones without announcing it to customers.
— VietnamNet Bridge

Consultant proposes lower-cost plan for HCM City airport expansion
A state-owned consultancy has proposed adjustments to the expansion plan for HCM City’s Tan Son Nhat international airport that would result in much lower costs than one proposed by the French consultancy ADPi.
— Bizhub

Textile, garment gain second largest export value
With export turnover of US$8.6 billion in the first four months of this year, textile and garment was Vietnam’s second foreign currency earner behind mobile phones and parts.
— The Hanoi Times

Unregistered POS payments cause tax losses
Using unregistered point-of-sale (POS) machines to transfer payment may result in tax losses for the local authorities, according to specialists.
— VietnamNet Bridge

Private investment in aviation infrastructure booms
Many private investors are taking part in aviation infrastructure projects, fuelled by the industry’s high profitability capacity, streamlined development strategy and favorable investment climate.
— The Hanoi Times

How is the foreign-invested sector performing in Vietnam?
As the leading economic sector in Vietnam’s economy, foreign invested enterprises (FIEs) make only modest contributions to the state budget.
— VietnamNet Bridge

First sod turned at sixth AEON Mall in Vietnam
Japanese retailer AEON MALL began construction on Sunday for a new shopping mall in the port city of Hai Phong, its third outlet in northern Vietnam.
— Tuoi Tre

Belgian potato exporters seek opportunities in Vietnam
Belgium’s Flanders Agricultural Marketing Board held a press conference in Hanoi on May 14 to announce a plan to develop the Belgian potato market share in Vietnam.
— VietnamPlus

Vietnam, Pak to sign free trade agreement soon: Envoy
The Ambassador of Vietnam to Pakistan Pham Hong Kim on Monday said that Vietnam and Pakistan were actively considering signing ‘Free Trade Agreement’ to boost bilateral trade between the two countries.
— Pakistan Observer

GDP not an ideal indicator for growth
Joint winner of the 2004 Nobel prize in Economics, Prof. Finn Kydland, speaks to Việt Nam News about the Vietnamese economy and growth on the sidelines of the 2018 Recontres du Vietnam – a development initiative that has brought world-renowned scientists to Việt Nam for discussions since 1993.
— Viet Nam News

Germany provides EUR5 million for Vietnam’s smart grids
Deputy Prime Minister Pham Binh Minh has approved a project in which Germany will provide EUR5 million to help Vietnam develop smart grids for renewable energy and energy efficiency.
— Nhan Dan Online

Restaurant chain founder shares road to Singaporean culinary success in Vietnam
Harry Ang has built a restaurant chain 6-stall strong since 2006 with nothing but his love for his country’s cuisine.
— VnExpress

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