Vietnam Morning News For December 19

Vietnam to sell 900,000 tonnes of alumina to UAE
The Vietnam National Coal and Mineral Industries Corporation (Vinacomin) signed a contract to supply alumina to Emirates Global Aluminum (EGA) from the United Arab Emirates (UAE) for three years from 2018-2020.
— Nhan Dan Online

Rubber export revenue picks up 39 percent
Vietnam earned more than 2 billion USD from exporting 1.2 million tonnes of rubber during January-November, up 39 percent in value and 8.4 percent in volume, according to the General Department of Vietnam Customs.
— VietnamPlus

Wood exports to EU to reach $1bn by 2020
Annual revenue to hit $1 billion mark on the back of EVFTA, according to Vietnam Timber and Forest Product Association.
— Vietnam Economic Times

Vietnamobile enters 4G market
Vietnamobile has become the fifth operator licensed to provide 4G services in Vietnam, baodautu.vn reported.
— VietnamPlus

Philippines recovers on bargain hunting; Vietnam up 1.5%
Philippine stocks rose 0.5 percent on Monday as investors hunted for bargains after Friday’s sharp fall, while Vietnam shares jumped nearly 1.5 percent with financials and utilities driving the surge.
— The Star Online

Remittances to HCM City reach $4.55 billion
According to Minh, the US, Australia and Canada remain the largest sources of remittances to the city. Money sent by Vietnamese workers in China, Japan, South Korea and Southeast Asian countries have increased, but by insignificant amounts.
— VietnamNet Bridge

Improving quality of Vietnam’s logistics services
The development of the logistics sector has made significant contributions to the national economic growth, market expansion and the transfer of economic structure, according to the Ministry of Industry and Trade.
— Nhan Dan Online

ASEAN free trade to put pressure on Vietnam
According to the ASEAN Trade in Goods Agreement (ATIGA), Vietnam will have to cut 669 tariff lines to zero percent in January 2018.
— VietnamPlus

Moody’s affirms ratings of BIDV, Maritime Bank
Moody’s Investors Service on Friday affirmed major ratings for two Vietnamese banks, BIDV and Martitime Bank.
— Bizhub

VietGap standards to merit national rice brand
Rice products will be certified under the “Vietnam Rice” national brand if they are produced in accordance with VietGAP or GlobalGAP standards — good agricultural practices to produce clean and safe farm products.
— Bizhub

CMC launches Data Center
Data Center a secure solution for businesses to deal with increasing network attacks.
— Vietnam Economic Times

Bamboo, rattan sectors face several hurdles
Luu Duy Dan, chairman of the Viet Nam Trade Villages Association, blamed the unsatisfactory performance on poor strategic planning of the domestic handicraft industry in general and the bamboo and rattan sector in particular.
— VietnamNet Bridge

Czech regards Vietnam as an important economic partner: Czech official
Vietnam is an important economic partner of the Czech Republic and the country’s Ministry of Industry and Trade has selected the Southeast Asian nation as one of its 12 top priorities markets in Asia by 2020.
— Nhan Dan Online

Food market undergoing restructuring as more foreign companies arrive
Many visitors to the 2017 Vietnam Food Industry international exhibition noticed that ‘Cau Tre’, a familiar Vietnamese food brand, had changed to ‘CJ Cau Tre’.
— VietnamNet Bridge

Da Nang seeks hi-tech farm funds
The central city of Da Nang has called for VND1.5 trillion (US$66.3 million) investment in five high-tech farms to create a centre for hi-tech-farming in the central and central highlands region.
— Bizhub

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