Vietnam Morning News For July 28

Vietnam Morning News For July 28
Estimated Reading Time: 5 minutes |

Vietnam morning newsForeign investment in Viet Nam surge 52 per cent
Viet Nam attracted US$21.93 billion in foreign direct investment (FDI) during the first seven months of this year, a surge of 52 per cent year-on-year, according to the latest Foreign Investment Agency statistics.
Viet Nam News Bizhub

Agriculture records 7M trade surplus of $4bn
Export turnover in the agriculture, forestry and fishery sector in July was $3.11 billion, bringing the figure for the first seven months of the year to $20.45 billion, a 14.7 per cent increase year-on-year, according to the Ministry of Agricultural and Rural Development.
Vietnam EconomicTimes

FIEs’ ups and downs affect Vietnam’s economic index
The Vietnamese economy is so reliant on the foreign-invested economic sector that any change in foreign invested enterprises (FIEs) can affect the economic indexes.
VietnamNet Bridge

National conference nuclear technology to open
The 12th National Conference on Nuclear Science and Technology will take place in the central coastal province of Khanh Hoa from August 2-4, heard a press briefing on July 27.
VietnamPlus

High-quality manpower needed for electricity market
A large number of high-quality personnel will be needed to meet the growing demand of the competitive generation market and the competitive wholesale electricity market in the time ahead, according to the National Load Despatch Centre (NLDC).
VietnamPlus

Beware of pitfalls while eyeing Eurasia windfall: experts
Vietnamese businesses should be aware of the potentially huge pitfalls of trading with the Eurasian Economic Union (EAEU), and the importance of tackling these together, experts said at a conference on Tuesday.
Viet Nam News Bizhub

Vietnam, New Zealand strive for 1.7-bln-USD trade by 2020
Vietnam and New Zealand on July 27 affirmed their determination to raise two-way trade to 1.7 billion USD by 2020 during Deputy Prime Minister Vuong Dinh Hue’s working visit to New Zealand.
VietnamPlus

Indonesia seeks to boost palm oil, paper trade
Viet Nam’s import of palm oil and paper from Indonesia could experience a year-on-year increase of 38 per cent, Indonesian ambassador to Viet Nam Ibnu Hadi said on Wednesday.
Viet Nam News Bizhub

Limits proposed on foreign steel investment
The Vietnam Steel Association (VSA) has proposed a limit be placed on foreign investment in steel projects making products that domestic enterprises are able to produce, with foreign investment only attracted for the production of steel that can’t be produced locally, such as high-quality alloy steel for machinery production.
Vietnam EconomicTimes

Ministry proposes tax cut to boost cement export
The Ministry of Planning and Investment has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.
Viet Nam News Bizhub

Fruit and vegetable exports continue to boom
As at July 15, the export value of Vietnamese fruit and vegetables reached $1.85 billion year-to-date, an increase of 45 per cent year-on-year, according to a report from the General Department of Vietnam Customs.
Vietnam EconomicTimes

Mekong Delta sees drop in Fall-Winter rice areas
Mekong Delta provinces cultivated 355,400 hectares of Fall-Winter rice crops by mid-July, an 8.7 percent drop from the same period last year, according to the Ministry of Agriculture and Rural Development.
VietnamPlus

Vietnam hotel sector starts to feel the heat from Airbnb
As more and more holidaymakers turn to Airbnb for accommodation in Vietnam, the local hospitality sector is beginning to feel the pressure.
Tuoi Tre News

Real estate inventory down in Q2
Total real estate inventory in Vietnam stood at about VND27.3 trillion ($1.2 billion) as at the end of the second quarter of 2017, down VND3.6 trillion ($167 million), or nearly 12 per cent, year-on-year, according to a report from the Vietnam Real Estate Association (VnREA).
Vietnam EconomicTimes

Mid-end apartment supply plentiful
The real estate market will see an abundant supply of mid-end apartments toward the end of the year, according to the Vietnam National Real Estate Association.
VietnamPlus

C&W: Hanoi & HCMC residential markets differ greatly in Q2
Hanoi’s residential market has remained active, especially in its western and southern areas, while a downtrend has been recorded in Ho Chi Minh City, according to Cushman & Wakefield Vietnam (C&W)’s second quarter report on the two cities’ residential markets.
Vietnam EconomicTimes

Vietnamese fashion brands lose ground amid foreign arrivals
With the landing of more foreign fashion brands in Vietnam, only a small space in the market is being left for domestic brands.
VietnamNet Bridge

Private SMEs tackled by inaccessibility to bank loans
Inaccessibility to bank loans is one of the main factors that has prevented private small and medium-sized businesses from further development, experts say.
Viet Nam News Bizhub

Banks cut short-term deposit interest rates
After two weeks of lowering lending interest rates for short-term đồng loans following the central bank’s cue, several commercial banks have reduced their deposit interest rates.
Viet Nam News

PM Phuc highly appreciates Samsung’s investment in Vietnam
Prime Minister Nguyen Xuan Phuc visited Samsung Electronics Vietnam Thai Nguyen (SEVT) during his working trip to the northern province of Thai Nguyen on July 26.
Hanoitimes

Government Inspectorate uncovers major financial irregularities in land
The Government Inspectorate has detected financial irregularities in land totaling VND1.562 trillion ($71 million) in 38 projects in Hanoi.
Vietnam EconomicTimes

Cat Ba to be eco-smart island
Cat Ba island, off the northern port city of Hai Phong, is set to become an eco-smart island and a national tourism site, according to the city’s tourism development plan period 2017-2020.
VietnamPlus

Mekong Delta firms advised to foster connectivity
Mekong Delta enterprises should foster connectivity and cooperation, while strengthening the application of high technology in production and business, said Vo Hung Dung, Director of the Vietnam Chamber of Commerce and Industry in Can Tho city.
VietnamPlus

 

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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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Cara Navarro

Cara Navarro

Journalism Intern at AEC News Today
Cara recently finished her first year at Bryn Mawr College in the United States, where she is studying Growth and Structure of Cities. While she is from Manila, Philippines, she has lived in multiple cities around the world, most recently Phnom Penh.

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