Vietnam Morning News For July 4

Vietnam Morning News For July 4

Vietnam morning news

New policies take effect from July
Many policies concerning maritime, taxation, investment, insurance and Pangasius fish farming have taken effect from July.
VietnamNet Bridge

Pork without traceable origin to be barred from Ho Chi Minh City markets
Ho Chi Minh City is looking to ban all pork without origin traceability from its markets, starting at the end of this month, a move expected to improve the municipality’s food safety records.
Tuoi Tre News

Here are the most valuable brands in Vietnam, as listed by Forbes
Forbes Vietnam has released a list of the 40 most valuable brands in Vietnam, estimating their total value at $5.4 billion, a rise of 20 percent against last year.

Keeping inflation below 4% is achievable: Deputy PM
The target of keeping the country’s inflation below 4 per cent in 2017 is quite feasible, said Deputy Prime Minister Vuong Dinh Hue at a meeting late last week.
Viet Nam News Bizhub

Two new thermal power plants licensed
The Ministry of Planning and Investment has licensed two thermo-electric plants in Nam Dinh and Thanh Hoa provinces.
Viet Nam News Bizhub

FECON Corporation & ACWA Power sign renewable energy MoU
The FECON Corporation and the Saudi Arabia-based ACWA Power signed a memorandum of understanding (MoU) on July 3 in Hanoi on cooperation in the joint development of renewable energy projects in Vietnam.
Vietnam EconomicTimes

Human resources training needs improvement
The so-called fourth industrial revolution, also known as Industry 4.0, will provide more development opportunities for businesses but will also require businesses to prepare qualified human resources to meet the industry’s standards, according to experts.
Vietnam Times

Vietnam works to realise export target of $188 billion
The industry and trade sector expects to make a beeline for realising its export turnover target of 188 billion USD in 2017, or 6.9 percent higher than last year.
VietnamNet Bridge

Vietnam now Canada’s largest ASEAN trading partner
Canada has been a partner of Vietnam for more than 40 years and the bilateral relationship is multi-faceted, H.E. Ping Kitnikone, Ambassador of Canada to Vietnam, told celebrations of Canada’s 150th anniversary of confederation held in Hanoi on June 28, and the last two years have seen Vietnam become its largest trading partner in ASEAN, with $4.25 billion in two-way trade last year.
Vietnam EconomicTimes

Australian ban on VN prawns ends this week
The Australian Department of Agriculture and Water Resource announced that the import suspension on uncooked prawns would lapse on July 6, 2017.
Viet Nam News Bizhub

China remains Vietnam’s top rice importer
China is importing 46.5% of Vietnam’s rice, a huge increase from the previous 35-36% seen in previous years.
VietnamNet Bridge

Vietnam’s fruit & veg exports to the US increase 45% to $1.7B
Vietnam’s export turnover of vegetables and fruits reached 283 million USD in June, bringing the figure in the first half of 2017 to 1.7 billion USD, up 45 percent from the same period last year.
Fresh Plaza

Agriculture sector urged focus on main targets
The agriculture sector will have to step up efforts in many areas to meet three major targets set for the year, Minister of Agriculture and Rural Development Nguyen Xuan Cuong has said.
Viet Nam News Bizhub

Deputy PM encourages autos carrying Vietnamese brand name
Domestic automakers must manufacture autos under the Vietnamese brand name, Deputy Prime Minister Trinh Dinh Dung suggested.
VietnamNet Bridge

Resume projects to erase real estate bad debt: experts
The bad debt in the real estate sector could be resolved if steps are taken to resume suspended projects, according to the Ho Chi Minh City Real Estate Association (HoREA).

Restaurant chains: fine line between winning and losing
A report from CBRE Vietnam real estate service provider, a shows that the number of restaurants in HCMC increased sharply in 2016 and will continue a rapid upward trend in 2017.
VietnamNet Bridge

Vietnamese firms ‘indifferent’ to technology transfer from Korea
Vietnam and South Korea have reached an agreement on technology transfer but few Vietnamese businesses are interested in taking advantage of it, despite their Korean counterparts willing to share their experience free of charge.
Tuoi Tre News

HN to set up 10 urban railway routes
Hà Nội will invest in 10 urban railway routes from now until 2030 with total funds of more than US$40 billion.
Viet Nam News

Hue to invest US$52 million in agricultural restructuring
The central province of Thua Thien-Hue will invest VND1.19 trillion (US$52 million) through 12 projects as part of its plan to restructure its agricultural sector with a vision till 2020.
Viet Nam News Bizhub

Investors to pour $1.77b into Kien Giang
Twenty-four domestic and foreign investors received investment certificates to pump VND40.31 trillion (US$1.77 billion) into the Mekong Delta province of Kien Giang in the first half of this year, 3.6 times higher than the investment figures of 2016, local authorities have said.
Viet Nam News Bizhub

Mekong Delta region enjoys 3.5 billion USD trade surplus in six months
Total import-export revenue of the Mekong Delta region reached 10 billion USD in the first six months of 2017, a year-on-year rise of 11.2 percent, with 6.75 billion USD of exports, or a trade surplus of nearly 3.5 billion USD.

Rentals at IPs in south heading upwards
Land rentals at industrial parks (IPs) in Vietnam’s surged in the second quarter of this year and are expected to increase in the future, according to JLL’s latest Ho Chi Minh City Property Market Overview Quarter 2 report.
Vietnam EconomicTimes

Cashing in: Vietnamese bank buys out Australian partner in Saigon
The Vietnam International Commercial Joint Stock Bank (VIB) and Commonwealth Bank of Australia (CBA) signed a deal on Monday for VIB to take over the Ho Chi Minh City branch of CBA.


Feature photo Lim Ashley
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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