Vietnam Morning News For August 3

Vietnam’s 4G population coverage hits 95%
Vietnam’s 4G networks now cover 95% of the nation’s population, attendees to the 4G LTE 2017 International Conference learned.
— Telecom Asia

Vietjet’s pre-tax profit rises by 45%
Vietjet Aviation Joint Stock Company (HOSE code: VJC) posted a pre-tax profit of US$84.7 million in the first half of 2017, a year-on-year rise of 45 per cent.
— Viet Nam News

Dairy firms to set own retail prices
Traders producing and importing milk and food supplements for children under 6 years old will be allowed to self-determine the retail prices for their products, the Ministry of Industry and Trade (MOIT) announced on Wednesday.
— Viet Nam News

PM urges faster capital disbursement
Prime Minister Nguyễn Xuân Phúc has called for faster disbursement of Official Development Assistance (ODA) capital and concessional loans following slow disbursement in the first half of 2017.
— Viet Nam News

Honda motorcycle sales boost quarterly net profit
Motorcycle sales volume grew in India and Vietnam. Japanese vehicle maker Honda on Tuesday said net profit for the second quarter rose by double digits boosted by strong motorcycle sales, revising up its full-year forecast.
— VnExpress

Ðà Nang City portal works effectively
The Ðà Nang City portal received more than 500 questions in the first half of this year, reaching 141 per cent compared with the same period last year, according to the municipal People’s Committee.
— Viet Nam News

Vietcombank joins SWIFT GPI
SWIFT has announced that Vietcombank is the first bank in Vietnam to sign up for SWIFT GPI — its global payments innovation initiative.
— VietnamPlus

Transport firms move online
Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road.
— VietnamPlus

Sacombank speaks out on criminal proceedings against ex-executives
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) on August 1 delivered a press release on criminal proceedings against its former executives Tram Be and Phan Huy Khang.
— Bizhub

PM hopes for stronger Vietnam-Tanzania trade, investment ties
Prime Minister Nguyen Xuan Phuc voiced his hope for stronger trade and investment ties between Vietnam and Tanzania while receiving two ministers from the African country in Hanoi on August 2.
— VietnamPlus

Qatar Airways to add flights to Vietnam
Qatar Airways is to increase its services from its Doha hub to Vietnam from the start of 2018.
— Buying Business Travel

Industrial index up 6.5 per cent in seven months
Viet Nam’s Index of Industrial Production (IIP) posted a 6.5 per cent year-on-year increase in the first seven months of the year, according to the General Statistics Office (GSO).
— Bizhub

Asia-Pacific Crude-Vietnamese offers continue late in trade cycle
More offers for September-loading Vietnamese crude have been released even as the market has shifted its focus toward October supplies.
— Times of India

Vietnam Manufacturing and Export Processing Holdings Ltd (0422.HK) Trends Toward Lower Bollinger Band
Vietnam Manufacturing and Export Processing Holdings Ltd (0422.HK) touched its lower 7-day moving average bollinger band. Investors will be paying close attention to the shares to see if they will experience a bounce off the bottom or continue the downward near-term trend.
— Dasher Business Review

Petrolimex earns pre-tax profit of $107m in H1
Vi?t Nam National Petroleum Group (Petrolimex) reported a consolidated pre-tax profit of VNÐ2.443 trillion (US$107.6 million) in the first half of 2017, which is 52.2 per cent of its annual target.
— Viet Nam News

How can Vietnamese transfer USD abroad to pay for house purchases?
A report from NAR (National Association of Realtors) showed that in the last fiscal year, from April 2016 to March 2017, foreigners spent $153 billion to buy 284,455 real estate products in the US.
— VietnamNet Bridge

Can Tho Vietbuild International Exhibition kicks off
The Can Tho Vietbuild International Exhibition 2017 opened in the Mekong Delta city of Can Tho on August 2, with the participation of more than 200 domestic and foreign businesses.
— VietnamPlus

Cleaner Euro 4 fuel hard to get
Duc Thuan of Hanoi’s Ha Dong district bought a car with a Euro 4 emission standard after specific regulations were issued for such models in Vietnam. However, he said, finding Euro 4 fuel is “a whole other challenge”.
— VietnamPlus

Industry and Trade Ministry structure bulky and inefficient: experts
Prime Minister Nguyen Xuan Phuc at MOIT’s conference on six-month review pointed out that the ministry is ‘bulky’ and ‘insufficient’ which leads to problems in personnel and slow equitization.
— VietnamNet Bridge

Ministries disagree on Chinese-funded highway project
The Van Don-Mong Cai Highway, with the total length of 96 kilometers, is planned to be built with investment capital of $382 million in the first phase, which includes $304.6 million from the China Import/Export Bank. Meanwhile, Vietnamese reciprocal capital is $77.33 million.
— VietnamNet Bridge

Vietnam, one of the most dynamic economies in ASEAN
Vietnam has seen a rapid and strong growth reflected in its GDP over the years. The country is also one of the largest and most dynamic economies in ASEAN region.
— Vietnam Times

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