Vietnam Morning News For July 13

Cutting-edge trade portal opens
The Vietnam Trade Information Portal (VTIP) was officially launched yesterday by the General Department of Vietnam Customs (GDVC) with the help of the World Bank (WB), in order to provide the business community with a reliable one window information source on relevant legal regulations and categorisation for both export and import purposes.
– Viet Nam News

More new laws made public
The Law on Amendments and Supplements to Several Articles of the Penal Code and five other laws were made public by the Presidential Office a at a press conference on July 12.
– VietnamPlus

VN growth target remains elusive
The annual growth goal of 6.7 per cent is likely to remain beyond reach despite an improved economic performance in the second half of the year, says Nguyen Duc Thanh, Director of the Viet Nam Institute for Economic and Policy Research (VEPR).
– Viet Nam News Bizhub

Vietnam’s seaport development potential introduced to Dutch firms
Potential for cooperation in developing transport in general and seaport in particular in Vietnam has been introduced to representatives of the Dutch government and enterprises.
– VietnamPlus

Vietnam logistics industry draws global attention
As Vietnam emerges from international isolation and opens its markets, the expanded commercial trade offers significant opportunities for foreign transnational transportation and logistics companies, reports the Oxford Business Group.
– VietnamNet Bridge

Vietnam exports over 16 billion USD goods to US
Vietnam shipped to the US 16 billion USD worth of commodities in the past five months of this year, up 10 percent year on year while its imports from the partner reached 3.94 billion USD, up 26.3 percent.
– VietnamPlus

Rice export target set at 5.7 million tonnes
The Viet Nam Food Association (VFA) has set the target for rice export at 5.7 million tonnes this year, up 800,000 tonnes from 2016, amid rising global demand.
– Viet Nam News Bizhub

VCCI proposes rice export decree be modified
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the Ministry of Industry and Trade (MoIT) remove unreasonable business conditions relating to a decree on rice exports.
– Vietnam EconomicTimes

Vietnamese processing industry in development
The Vietnamese export of fruit and vegetables has risen considerably in recent years.
– Fresh Plaza

Output of Vietnamese lychees falls to to ten year low
A few days ago Vietnamese lychees entered their harvesting period, but because of unfavorable weather conditions this year’s output has been reduced.
– Fresh Plaza

Russia’s Sollers plans to assemble cars in VN
Russian automobile maker Sollers plans to start assembling UAZ cars in Viet Nam in 2018, said Vadim Shvetsov, director general of Sollers, at the International Industrial Trade Fair INNOPROM 2017 in Russia.
– VietnamNet Bridge

Foreign travelers on sharp rise, putting pressure on tourism infrastructure
As the number of foreign tourists continues to grow at a high rate, travel firms have been advised to disperse travelers to many tourism sites to avoid overloading.
– Vietnam Times

Hotels vie for share of tourism pie
With an expanding room inventory and a lot of projects scheduled to launch in the near future, the competition in the upscale hotel market will start to heat up, especially in the five-star segment, according to the 2017 Vietnam Hotel Survey released on July 11.
– VietnamPlus

Traditional markets winning retail battle with supermarkets in Vietnam
Despite their apparent popularity, it seems people are going to new modern retail complexes for the experience, not the shopping.
– VnExpress

Over 180,000 documents processed via one-stop-shop mechanism
As many as 180,079 documents of 12,683 businesses were processed through the national one-stop-shop (OSS) mechanism by the end of June 2017, representing year-on-year rises of 107 percent and 70 percent, respectively.
– VietnamPlus

Personal consumer credit becoming lucrative business
FE Credit is leading the consumer finance market with $1.4 billion worth of loans provided in 2016, accounting for 48 percent of market share.
– VietnamNet Bridge

86% of firms listed on HNX post Q1 profit growth
Eighty-six per cent of firms listed on the Hà Nội Stock Exchange (HNX) posted profits during the first quarter of this year, the northern bourse has announced.
– Viet Nam News

HCM City to tackle smuggling, trade fraud at port
Ho Chi Minh City plans to step up enforcement against smuggling and trade fraud to cope with the increasing number of violations, especially at Cat Lai Port.
– VietnamPlus

Expanded Thac Mo hydropower plant connects to national grid
The expanded Thac Mo hydropower plant in the southern province of Binh Phuoc connected to the national grid from July 11, according to the Electricity of Vietnam (EVN).
– VietnamPlus

Can Tho to launch new domestic, international air routes
The Mekong Delta city of Can Tho will open more direct domestic and international routes, targeting promising markets in Southeast and Northeast Asia.
– VietnamPlus

Quang Ngai attracts projects worth $2.81b in H1
Dung Quat Economic Zone and industrial zones in Quang Ngai Province attracted eight projects worth US$2.81 billion in the first half of this year, according to the provincial People’s Committee.
– Viet Nam News Bizhub

Central-Central Highlands region reports good growth in industry & trade
The industry and trade sector in 15 cities and provinces in the central – Central Highlands region registered a good growth rate that is higher than the national average in the first six months of the year.
– VietnamPlus

3 Lao provinces enlist HCM City’s help for investment
A conference to promote tourism, investment and trade in three Laos provinces, Savannakhet, Khammouane, and Bolikhamxay, will be held in HCM City on July 19.
– Viet Nam News Bizhub

Feature photo ILO/ Nguyễn Việt Thanh
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