Vietnam Morning News For July 14

Vietnam Morning News For July 14

Vietnam morning news

Nielsen busts myths about rural consumers
Mainstream and premium are the two key contributors to growth in fast-moving consumer goods (FMCG) in rural areas, at nearly 40 per cent and 38.5 per cent, respectively, the latest Nielsen report on rural Vietnamese consumers found.
Vietnam EconomicTimes

Vietnam among world top 50 innovative countries
Vietnam was ranked 47th among over 127 economies surveyed in the global innovation index (GII) report 2017, the highest ranking to date, up 12 places compared to last year’s report.

WB: 6.3% growth in 2017 suitable for Vietnam
The World Bank has maintained its forecast for Vietnam’s economic growth this year of 6.3 per cent despite the Prime Minister saying he is confident about 6.7 per cent growth.
Vietnam EconomicTimes

VN has large wind power potential: experts
Việt Nam has huge potential in terms of geography and wind power resources to generate electricity, experts have said.
Viet Nam News

Foreign investors gunning for petroleum retail market
JX Nippon Oil & Energy is receiving close to $15 million in the first year after acquiring Petrolimex shares. This, coupled with the fact that there are 29 petroleum import-export distributors in Vietnam, makes the petroleum retail market especially lucrative.
VietnamNet Bridge

What’s the future for the Vietnam petroleum market after 2018?
The Nghi Son Refinery & Petrochemicals Complex with capacity of 10 million tons per annum will open in 2018, changing the supply-demand situation of Vietnam’s petroleum market.
VietnamNet Bridge

Vietnam, Turkey target 4 billion USD by 2020
Vietnam and Turkey agreed to strive for a two-way trade of 4 billion USD by 2020 during the seventh meeting of the Vietnam-Turkey Joint Committee in Hanoi on July 13.

Limit on age of import machines hinders Japanese FDI
The regulation that machines which have been used for more than 10 years will not be allowed to be imported to Vietnam is expected to affect Japanese FDI (foreign direct investment) in Vietnam.
VietnamNet Bridge

Major farm produces enjoy rise in export value despite fall in volume
Major agricultural products enjoyed a rise in export value in the first half of this year despite a fall in volume, according to the General Department of Vietnam Customs.

Vietnamese tra fish “stranded” in US
Vietnamese tra fish processors and exporters are worried that it will cost more time and money to put their fish on plates in the US after the country announced ahead-of-schedule food safety tests on imported Siluriformers fish and fish products.

Cashew export volumes to fall, value not to be affected
Viet Nam is expected to export 320,000 tonnes of cashew worth US$3.3 billion this year, which represents a fall of 9.2 per cent in volume terms due to a sharp fall in harvests due to unfavourable weather, according to the Viet Nam Cashew Association.
Viet Nam News Bizhub

Vietnam’s coffee export plunge could raise global supply concerns
Lower outflow from Vietnam, coupled with falling exports from Brazil, could reduce the downward pressure on prices created by ample stocks in importing nations.

VN imports animal feed worth $1.8b in H1
Viet Nam’s import value for animal feed and materials for producing animal feed stood at US$1.8 billion in the first half of 2017, a year-on-year increase of 17.3 per cent.
Viet Nam News Bizhub

Iron ore export tax needed to foster investment
Because the price of refined iron ore is 200 times more expensive than raw iron ore created for export, reducing the export tax on raw iron ore is unreasonable and will discourage investments in ore sorting technology, the Ministry of Finance (MoF) has concluded.
Viet Nam News Bizhub

Consumer financing set to top forecasts
The Vietnamese consumer finance market has tremendous potential for development but its rapid growth has raised controversy over how it disadvantages and hurts people unfamiliar with it, experts noted on Wednesday.
VietnamNet Bridge

Trimmed interest rates might affect NIMs: experts
Commercial banks which have cut interest rates for short-term lending following the State Bank of Viet Nam’s cue might suffer a further decline in the net interest margin (NIM), experts said.
Viet Nam News Bizhub

International hotel brands arrive in Hanoi as tourism grows
International arrivals to Hanoi reached a record 4 million last year, an increase of 21 per cent compared to 2015.
Vietnam EconomicTimes

HCMC to have 3,500 new hotel rooms by 2020
HCMC will have 13 fresh mid- and high-end hotels with 3,500 guest rooms in the next three years, according to a survey of Jones Lang LaSalle (JLL), a professional services and investment management firm.
VietnamNet Bridge

Savills: HCMC Q2 apartment transactions highest since 2011
Four new projects and the next phase of seven active projects were launched, providing over 4,700 units, while available apartments across all grades were down 12 per cent quarter-on-quarter and 7 per cent year-on-year at around 37,200 units, according to the Savills’ Q2 report on the Ho Chi Minh City real estate market.
Vietnam EconomicTimes

Improve business environment: insufficient transparency
With regard to the newly establishment of more than 61,000 enterprises and 15,000 enterprises recovering their operation in the first six months of this year, many opinions suppose that this is a good sign to improve the business environment.


Feature photo ILO/ Nguyễn Việt Thanh
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.



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