Vietnam Morning News For June 6

Vietnam sees highest ranking in history of 2017 Global Retail Development Index
Vietnam has jumped five spots to sixth place in the Global Retail Development Index (GRDI), released by management consulting firm A.T. Kearney today.
– Hanoitimes

6.7 percent GDP growth rate not impossible: Minister
With economic results in the first four months of the year below the average performance in previous years, the National Assembly (NA) is afraid that GDP growth in 2017 can hardly meet the 6.7 percent target.
– VietnamNet

HCM City seeks funds for infrastructure construction
HCM City’s Party Secretary Nguyễn Thiện Nhân has urged the city to call for further investment in infrastructure and to promote public-private partnerships.
– Viet Nam News

HCM City seeks 25,000 workers in June
As more start-ups have been established, HCM City’s labour demand has increased, with 25,000 permanent and 7,000 temporary jobs that need to be filled in June.
– VietnamPlus

Vietnam’s rising middle class drives car market forward amid regional slowdown
Cars are also a status symbol favored by a new generation of Vietnamese consumers.
– VnExpress

Banking sector sees 6.53 percent in credit growth
Vietnam’s total loans by May 25 grew 6.53 percent from the end of 2016, which supported domestic production and business in the context of slow public investment disbursement since the beginning of the year.
– VietnamPlus

Japan’s 7-Eleven set to clock in for Vietnam debut in June
The convenience store chain reportedly plans to open 100 stores in Vietnam in the next three years.
– VnExpress

PM Phúc calls for more Japanese investment
Prime Minister Nguyễn Xuân Phúc pledged enhanced efforts to improve the business climate to attract more Japanese investment, aiming to birth a new era in economic co-operation between the two countries.
– Viet Nam News

Vietnam, Japan sign deals worth $22 billion
The deals were signed at a ‘historic’ business conference attended by record number of Vietnamese and Japanese businesses.
– VnExpress

No plan to hike power tariff: MoIT
The Government is not considering a hike in power tariffs, said Do Thang Hai, deputy minister of Industry and Trade (MoIT).
– Viet Nam News Bizhub

Petrol prices increased to VND17,366 per litre
The domestic retail price of petroleum increased by VND303 to reach VND17,366 (77 US cents) per litre as of 3pm on Monday, the Ministry of Industry and Trade (MoIT) said.
– Viet Nam News Bizhub

Aquaculture production picks up in May
Vietnam’s aquaculture output reached 370,000 tonnes in May, a year-on-year increase of 3.3 percent, according to the Ministry of Agriculture and Rural Development.
– VietnamPlus

Hau Giang to build 1.5 trillion VND logistics centre
The Mekong Delta province of Hau Giang plans to build a logistics centre at a cost of over 1.5 trillion VND (66.03 million USD), aiming to reduce logistics cost in the region and improve competitiveness of regional products in both domestic and foreign markets.
– VietnamPlus

Nation to exert political will to reach growth targets
Prime Minister Nguyễn Xuân Phúc has called for strong political will and feasible measures to achieve growth targets set for each sector this year.
– Viet Nam News

Enterprises urged to pursue sustainable development goals
Government officials urged businesses to achieve sustainable development goals and come up with practical plans at a seminar about environmental protection held yesterday in Vũng Tàu City.
– Viet Nam News

WB approves 72.52 million USD loan for Da Nang infrastructure
The World Bank (WB) has approved a loan of 72.52 million USD for infrastructure projects in the central city of Da Nang from its International Development Association.
– VietnamPlus

MUL funds Vietjet’s aircraft purchases
Mitsubishi UFJ Lease & Finance Company Limited (MUL) will finance Vietjet’s acquisition of three brand new A321 aircraft, worth US$348 million.
– Viet Nam News

Private sector the key driver of Vietnam’s growth
John Hawksworth, chief economist for PriceWaterhouseCoopers in the UK (PwC UK), recently came to Vietnam to attend an APEC-related meeting as speaker. The Saigon Times Daily spoke with him about his views on Vietnamese and global economies.
– VietnamNet Bridge

Finance ministry makes Suntory Pepsi tax ruling
The branch of Suntory Pepsico Vietnam Beverage Company in Can Tho City is subject to taxes as an expansion but not as a new investment, the Ministry of Finance has announced.
– VietnamPlus

Vietnam’s premier touts ‘Asian dreams,’ hints at new trade pact with US
Vietnamese Prime Minister Nguyen Xuan Phuc said his government would negotiate a bilateral agreement with the U.S., calling Asian countries not to let the fear of protectionism deter them from strengthening economic ties, the Nikkei Asian Review reported.
– VnExpress

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