Vietnam Morning News For July 26

Southern Power Corporation develops key electricity projects
The Southern Power Corporation under the Electricity of Vietnam Group (EVNSPC) is planning to build 53 more 110 kV power projects in southern provinces and cities, bringing the total number of works in 2017 to 79.
– VietnamPlus

Foreign investors pouring more money into petrol market
The Vietnamese petroleum market is attracting more foreign investors.
– VietnamNet Bridge

Manufacturing, processing industry lures FDI
Vietnam’s manufacturing and processing industry attracted 12,075 foreign-invested projects with a total registered capital of 180.68 billion USD as of late June, according to the Ministry of Planning and Investment (MPI)’s Overseas Investment Agency.
– VietnamPlus

US company seeks to build solar energy plant in Can Tho
The Dragon Capital Management Limited of the US discussed its plan to build a solar energy plant with authorities of the Mekong Delta city of Can Tho at a working session on July 25.
– VietnamPlus

Vietnamese firm signs trade MOU with Iranian company
An Viet International Operation Investment JSC and Iran’s Rahavaran Tosee Mihan company signed a Memorandum of Understanding (MoU) last week to achieve a two-way trade volume of US$500 million by 2018.
– Viet Nam News Bizhub

Japan Airlines finds way back into Vietnam’s fast-growing market with Vietjet deal: report
Japan Airlines is set to team up with Vietnamese low-cost carrier VietJet to rebuild its presence in the fast-growing market, the Nikkei Asian Review said on Tuesday.
– VnExpress

Vietnam presses on with trade promotion in Italy
A trade promotion programme is underway in Bologna and Rome cities from July 23-26, aiming to boost Vietnamese exports to Italy’s distribution network via the Coop Italia and Conad supermarket chains.
– VietnamPlus

Italian investors keen on exporting agri machinery to Vietnam
Agricultural machinery and pharmaceuticals will be two attractive areas for Italian investors seeking investment opportunities in Vietnam in the years to come, Mr. Pham Hoang Hai, Secretary Generale and Executive Director of the Italian Chamber Commerce in Vietnam (ICHAM), told VET.
– Vietnam EconomicTimes

Vietnam lures Australian investors
Deputy Prime Minister Vuong Dinh Hue says Vietnam appreciates Australia’s investment projects and promises the best possible conditions for their businesses to operate in the country for the long run.
– Vietnam Times

Australian brewer looking to tap into Vietnam’s top beer firms
Australia’s leading beer company Carlton & United Breweries said it wants to acquire shares in Saigon Beer Alcohol Beverage Corp. (Sabeco) and Hanoi Beer Alcohol Beverage Corp. (Habeco), the biggest brewers in Vietnam.
– VnExpress

Agriculture turns out to be promising land for investors
More and more investors have injected money into agriculture, even though the sector is believed to have many latent risks.
– VietnamNet Bridge

Vietnam firms win bids to sell rice to Philippines
Vietnamese firms have won deals to supply 175,000 tonnes of rice to the Philippines at a tender on July 25, according to the Vietnam Food Association (VFA).
– VietnamPlus

Longan production down, price up
Hung Yen Province is expecting this year’s main longan crop to decline in quantity and ripen a week behind schedule.
– Viet Nam News Bizhub

Rubber plantations urged to obtain certification
Viet Nam’s rubber plantations need to obtain sustainable management certifications in order to raise product value and enter global markets, participants said at a workshop held in HCM City on Monday.
– Viet Nam News Bizhub

Hospitality wins big from casinos
Vietnam liberalizing its gaming industry to allow local people into casinos has given the country’s growing hospitality industry an added boost, according to Mr. Frank Sorgiovanni, Head of Research, Asia Pacific, at the JLL Hotels and Hospitality Group.
– Vietnam EconomicTimes

Work begins on first ultra-clear float glass factory
The construction of an ultra-clear float glass factory, the first of its kind in Viet Nam, kicked off in the southern Ba Ria-Vung Tau Province’s Tan Thanh district on Monday.
– Viet Nam News Bizhub

Gov’t studies making use of idle dollars, gold
How to mobilise idle foreign currency and gold from locals to invest in business and production has become a hot issue recently, with the Government last week once again asking the State Bank of Viet Nam (SBV) to consider proposals.
– Viet Nam News Bizhub

M&A value in 2017 unlikely to reach 5 billion USD
In Vietnam, M&A has been widely seen as a channel for diversifying capital mobilization, boosting economic restructuring and the selling of State-owned enterprises (SOEs).
– Hanoitimes

Real estate most popular for investors
Real estate has become the most popular asset class among retail investors since gold and foreign currencies are not very profitable any more.
– Viet Nam News

Insurers rush to lift foreign-ownership ceiling to improve ratings
A number of insurance companies are considering lifting foreign ownership to be able to improve their ratings and expand the market.
– VietnamNet Bridge

Formosa given stern warning
The Vietnamese Government will direct Taiwan’s Formosa Plastics Group to close its steel mill in north-central Ha Tinh province immediately if another toxic spill occurs, Prime Minister Nguyen Xuan Phuc told a meeting with the Formosa Hung Nghiep Steel Corp. (FHS) on July 24.
– Vietnam EconomicTimes

PM asks Ha Tinh to become major industrial centre
Prime Minister Nguyen Xuan Phuc held a working session with authorities of Ha Tinh on July 24 to discuss ways to build the central province into one of the major industrial hubs in the country.
– Vietnam Times

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