Vietnam Morning News For June 12

Vietnam Morning News For June 12

Vietnam morning news

Vietnam tries its best to reduce trade deficit
Vietnam`s Ministry of Industry and Trade (MoIT) plans to tighten control on goods whose imports are discouraged and facilitate local manufacturing to reduce the country’s trade deficit.
Hanoitimes

Viet Nam looks to private sector to fund infrastructure
A need to fund infrastructure projects vital to expanding Viet Nam’s economy and boosting connectivity is pushing its government to turn to the private sector for support.
VietnamNet Bridge

Foreign investors in race to take over real estate projects in Vietnam
A sharp increase in foreign arrivals to Vietnam at the start of 2017 has injected a huge development impetus into the coastal resort sector, and there have also been a raft of investments, mergers and acquisitions in other real estate sectors.
VnExpress

No compromise on growth quality, Gov’t tells NA
While the Government will make all efforts to meet the 6.7 per cent growth target set for the year, it will not compromise on the environment or macro-economic stability, Minister of Planning and Investment Nguyễn Chí Dũng said yesterday.
Viet Nam News

VN food products present, but invisible: experts
Vietnamese food products have significantly increased their presence in world markets, but they remain unknown because they lack brand identification and consciousness in the consumer’s mind.
Viet Nam News Bizhub

Seafood exports to US face tough recovery
Viet Nam’s seafood exports to the United States reduced in the first five months, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).
Viet Nam News Bizhub

Vietnam leads in shrimp exports to South Korea
Vietnam has become the largest provider of shrimp to South Korea, with a 49 per cent market share.
Vietnam EconomicTimes

Korea’s accumulated investment in Vietnam tops $50b
The accumulated investment made by South Korean companies in Vietnam topped the $50 billion mark as of 2016, with local businesses emerging as the No. 1 foreign investors in the Southeast Asian economy, industry data showed Monday.
The Korea Herald

South Korea’s Taekwang to expand business scope
Taekwang Co., a first-generation South Korean company that successfully entered Vietnam with the contract manufacturing of Nike footwear, is expanding its business to include industrial complex construction, power plants, and logistics in the Southeast Asian country, South Korea’s Pulse News reports.
Vietnam EconomicTimes

Transport Ministry considers concessions for investors in highways
Vietnam Express Corporation (VEC) has submitted to the Ministry of Transport (MOT) a plan to offer concessions for O&M (operation & maintenance) applied to the Cau Gie – Ninh Binh Highway.
VietnamNet Bridge

PetroVietnam smashes revenue target to hit $9 bln in first five months
Vietnam’s National Oil and Gas Group (PetroVietnam) earned total revenue of VND 204.8 trillion ($9.06 billion) in the first five months of 2017, 13.4 percent higher than targeted, reported Vietnam News Agency.
VnExpress

Vietnam’s FLC Group plans to lease seven planes from Airbus for new carrier
Vietnam property company, FLC Group, which aims to start a new airline that could take to the skies for the first time early next year, is working with Airbus to lease about seven aircraft by 2018, the company’s chairman said on Saturday.
Tuoi Tre News

Viet Nam talks boost to tourism fund
The country inevitably must launch a fund to support sustainable Vietnamese tourism growth, Vũ Thế Bình, vice president of Việt Nam Tourism Association said.
Viet Nam News

Salt prices soar, supply dwindles
Domestic salt prices have been on the rise since the beginning of March, and many salt farmers have expressed their dissatisfaction after running out of salt during the price hike.
Viet Nam News Bizhub

Flagging railway sector lays tracks to catch up
The railway sector in Viet Nam has lost the dominant position it enjoyed two decades ago, and is trailing far behind other modes of transport.
Viet Nam News Bizhub

Low-cost car manufacturers can’t find opportunities in Vietnam
In the late 2000s, low-cost car manufacturers Lifan, Chery, Tobe and BYD were the best known names in the low-cost car wave at that time. Tata Group from India also planned to join the market.
Vietnam Times

HCM City unable to coax rural workers to train
HCM City is struggling to persuade rural residents to undergo vocational training but also to provide jobs to those that do train.
Viet Nam News

Ho Chi Minh City waste treatment complex developer fined $60,000 for multiple violations
The developer and operator of the Da Phuoc Waste Treatment Complex, has been slapped with a hefty fine for violating multiple regulations.
Tuoi Tre News

Long An seeks to attract investors to its industrial zones
Industrial zones and complexes are central to socio-economic development and attracting investors, the Long An Province Department of Industry and Trade has said.
Viet Nam News Bizhub

Hue invest $2.26m in auxiliary industry
The central province of Thua Thien-Hue has decided to set aside nearly VND52 billion (US$2.26 million) into auxiliary industries between now and 2025.
Viet Nam News Bizhub

Song Da sets sights on 2019 IPO
Vietnam’s leading infrastructure company, Song Da Corp., has secured the Prime Minister’s approval to conduct an initial public offering (IPO) in 2019.
Vietnam EconomicTimes

 

Feature photo Jorge Cancela
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.

 

 

 

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