Vietnam Morning News For June 16

Vietnam Morning News For June 16

Vietnam morning news

Three SEZs expected to attract more investors
Minister of Planning and Investment Nguyen Chi Dung said the plan on setting up three special economic zones (SEZs), including Van Don in Quang Ninh province, Bac Van Phong in Khanh Hoa and Phu Quoc in Kien Giang, would be submitted to the National Assembly for approval by the end of the year.
VietnamNet Bridge

VN looks to improve bidding transparency
The bidding grievance handling mechanism needs to be renovated to ensure transparency and keep pace with the country’s rapid international integration, Deputy Minister of Planning and Investment Dao Quang Thu said yesterday.
Viet Nam News Bizhub

Grim future awaits Vietnamese railway sector
Contrary to the robust growth of the road and air travel sectors, Vietnam’s railway industry has been gradually losing market share, easing into a reputation as a less attractive option for individual passengers, and logistics and transportation companies alike.
Tuoi Tre News

Govt unable to spend on investment: Deputy PM
Deputy Prime Minister Vương Đình Huệ has acknowledged the Government’s responsibility in the slow budget disbursement for public investment, saying “we have the money, but we are unable to spend it.”
Viet Nam News

Vietnam Airlines to spend $96mn on aircraft this year
Vietnam Airlines (VNA) will spend over VND2.11 trillion ($95.9 million) on purchasing ten Airbus A350-900XWB and 8 Boeing B787-9 aircraft this year.
Vietnam EconomicTimes

Vinamilk on list of Nikkei Asian Review’s Asia300 Power Performers
The Nikkei Asian Review on Thursday released its second annual Asia300 Power Performers Ranking, a compilation of the most powerful and valuable listed companies in Asia.
Viet Nam News Bizhub

Hanoi tax department publishes debtors
The Hanoi Department of Taxation has recently released a list of 72 enterprises with outstanding tax, fee, and land rental debts totaling nearly VND86 billion ($3.8 million).
Vietnam EconomicTimes

5 things to watch out for in Vietnam’s retail market this year
In an economy defined by changes, the retail market keeps moving and shaking at dizzying speed.
VnExpress (video)

EVNGENCO 1’s output hits 12.4bn kWh in five months
The Electricity of Viet Nam (EVN)’s Power Generation Corporation 1 (EVNGENCO 1) produced nearly 12.4 billion kWh of electricity in the last five months, fulfilling 40.8 per cent of the target set for the year.
Viet Nam News Bizhub

7-Eleven opens doors in HCMC
The world’s largest convenience store chain, 7-Eleven, held a ribbon-cutting ceremony for its first store in Vietnam on June 15 in Ho Chi Minh City’s Saigon Trade Center, officially marking its arrival in the country.
Vietnam EconomicTimes

Garment, footwear exports fetch $15bn in five months
Exports of garment and footwear products reached US$15 billion in the first five months of this year, accounting for 19 per cent of the country’s total export turnover.
Viet Nam News Bizhub

Seminar discusses furniture exports to EU
Once the EU-Việt Nam Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA-FLEGT) comes into force, there will be opportunities for Việt Nam to export more wooden products to Europe and other markets, delegates told a seminar in HCM City on Tuesday.
Viet Nam News

Vegetable and fruit exports reach $1.4 billion
Exports of fruits and vegetables are estimated at US$1.4 biliion in the first five months of this year, a year-on-year increase of 40 per cent.
Viet Nam News Bizhub

Vietnam’s rice prices near 30-month high on robust overseas demand, thin supply
Rice export prices in Vietnam, the world’s third-largest exporter of the grain, have risen to $400-$410 a ton this week, the highest in nearly 30 months, spurred by robust buying demand from Bangladesh and the Philippines and a domestic shortage of fresh grain between crops, traders said on Thursday.

As highlands pepper prices fall, farmers hold out
Over the last ten days, pepper prices have fallen from an already low VND82,000 (US$3.65) to VND72,000 ($3.21) per kilogramme, but Central Highlands pepper farmers continue to hold out for higher prices.
Viet Nam News Bizhub

Vietnam’s support industry viewed as boasting huge potential
Chief Representative of the Hanoi Office of the Japan External Trade Organisation (JETRO) Kitagawa Hironobu said Vietnam’s support industry has huge potential during the Vietnam Support Industry Forum in Hanoi on June 15.

Authorities push Phan Thiet Airport construction
Binh Thuan Province authorities held a meeting with the Ministry of Defence and other relevant agencies on Tuesday to discuss speeding up of the construction of the civilian-military Phan Thiet Airport.
Viet Nam News Bizhub

Ho Chi Minh City’s economy grows 7.76 percent in six months
Ho Chi Minh City’s gross regional domestic product grew by 7.76 percent in the first half of this year, higher than the same period in the past two years.

Luxury hotels to boom in HCMC
Jones Lang LaSalle (JLL) Vietnam, a global real estate services firm specializing in commercial property and investment management, has released a report on 26 ideal destinations for hotel investment worldwide, including Ho Chi Minh City and Hanoi.
Vietnam EconomicTimes

Hanoi targets key tasks for socio-economic development
The Hanoi People’s Committee has recently issued the Report 137/BC-UBND on the leadership and instruction of the Hanoi People’s Committee in May, as well as the key tasks for June and the next months of 2017.



Feature photo Jorge Cancela
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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