Vietnam Morning News For August 11

Samsung sets up logistics company as market heats up
For the majority of Vietnamese, Samsung means smartphone, TV and washing machine. However, the South Korean investor has been taking steps towards the logistics markets.
— VietnamNet Bridge

Vietnam’s sole refinery plans 1.9t-dong IPO on November 7
Binh Son Refinery & Petrochemical Co expects to raise about 1.9 trillion dong (S$110 million) from selling a 4 per cent stake during an initial public offering November 7 while it weighs potential bids from strategic investors, Chairman Nguyen Hoai Giang said.
— The Business Times

Vietnam bank profits poised to pop
Vietnam’s crowded banking sector is popping the champagne after reporting double-digit profits in the first half of the year, but a bubbly credit boom seems poised to pop later in the year.
— Asia Times

Stocks fall slightly, confidence improves
Vietnamese shares extended losses for a third straight session on Thursday but investor confidence showed signs of improvement after being brought down by false news and global tension.
— Viet Nam News

Vietnam increases petrol imports from ASEAN, South Korea
Statistics from the General Customs Department show that the country imported 5.1 million tonnes of petroleum from the ASEAN and 1.72 million tonnes from South Korea between January and July. In the ASEAN, Singapore was the biggest petroleum exporter, with 3.06 million tonnes; Malaysia followed with around 1.5 million tonnes; and Thailand with 567,500 tonnes.
— VietnamNet Bridge

Sugar press mud fertiliser plant to be constructed in Trà Vinh
The Mekong Delta province of Trà Vinh has licensed Hudavil Trà Vinh Fertilizer Joint Stock Company to build a plant producing organic-microbial and organic-mineral fertilizer from sugar press mud.
— Viet Nam News

Vietnam team in Dhaka for market survey as Bangladesh wants investment
The commerce ministry on Thursday said the Vietnamese businesspeople would explore market opportunities in Bangladesh.
— bdnews24

Government urged to sell its stake in Sabeco soon
Sabeco will step up selling the State capital in this firm in 2017 as requested by the Government.
— VietnamNet Bridge

Taxi firms slam ‘impossible’ restrictions
Taxi firms are bristling over a draft regulation that will place greater restrictions over their operations in the capital city.
— Viet Nam News

TVJA at risk of overseas service halt
Thai VietJet Air (TVJA) is likely to have to suspend its international service by the end of this month.
— Bangkok Post

Seminar discusses opening automobile industrial complexes in Vietnam
The Central Institute for Economic Management (CIEM) organised a seminar in Hanoi on August 10 to discuss the world’s automobile industrial complexes and lessons for Vietnam, part of activities to realise the government’s plan to turn the automobile industry into a key economic sector.
— VietnamPlus

The powerful businessman who caused chaos in the banking sector
At Sacombank’s 2017 shareholders’ meeting, shareholders questioned why Tram Be (former chair of Sacombank and chair of the bank’s credit council) was absent, and who approved the merger of SouthernBank with Sacombank despite disagreement from shareholders.
— VietnamNet Bridge

Banyan Tree Group explores investment in Ha Giang province
The Banyan Tree Group conducted a fact-finding tour to the northern mountainous province of Ha Giang from August 8-10 to study the building of super luxury hotels in the locality.
— VietnamPlus

Cà Mau wants to build $3.5 billion seaport
The southernmost province of Cà Mau is seeking investment to develop a US$3.5 billion seaport complex, which can receive vessels of up to 250,000 tonnes capacity, on Hòn Khoai Island.
— Viet Nam News

FE CREDIT named “Best Consumer Finance Brand In Southeast Asia 2017”
The VPBank Finance Company’s FE CREDIT proudly affirmed its position as market leader after receiving an award from Global Brands magazine, a trusted international online and print magazine from the UK, for the second year in succession, this time as “Best Consumer Finance Brand in Southeast Asia 2017”.
— Vietnam Economic Times

MoT to fix toll station problems
The Ministry of Transport will quickly fix shortcomings related to collecting fees at Build-Operate-Transfer (BOT) toll stations in the country.
— Viet Nam News

Vietnam learns from India’s experience in promoting soft power
A delegation of the Centre for Indian Studies (CIS) under the Ho Chi Minh National Academy of Politics (HCMA) is on a visit to India from August 6-18 to explore how soft power is used in the country.
— VietnamPlus

Free books on cancer at K Hospital
The Viet Nam Medical Association and Cancer Patients Assistance Fund “For a Brighter Future” and the Cancer Research Institute put up 50 bookshelves in Hà Noi-based K Hospital on Wednesday.
— Viet Nam News

Kyocera organizes 2nd cultural exchange program to Japan
The Kyocera Corporation has organized a second cultural exchange program for Vietnamese students to Japan, in the expectation they will become global citizens and contribute more to society.
— Vietnam Economic Times

$18.2m project aims to improve flood management in central Việt Nam
A grant agreement for a project aimed at improving Việt Nam’s flood management capability with total budget of US$18.2 million was signed on Thursday between the Ministry of Agriculture and Rural Development (MARD) and the Japan International Co-operation Agency (JICA).
— Viet Nam News

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