Vietnam Morning News For June 20

Vietnam Morning News For June 20

Vietnam morning news

Excess preconditions drag economy
A report on 2017 Business Conditions launched late last week by the Central Institute for Economic Management (CIEM) shows that 234 business sectors require new legal prerequisites.
Viet Nam News Bizhub

Vietnam 4th in Asia-Pacific for online shopping
More than nine in ten people in Vietnam (92 per cent) shop online, putting the country fourth in the Asia-Pacific region following South Korea (96.7 per cent), India (95.8 per cent), and Japan (95 per cent), according to Mastercard’s latest online shopping survey for Asia-Pacific.
Vietnam EconomicTimes

11 Hilton hotel projects to be developed in Vietnam
BRG Group said it will join hands with Hilton Worldwide Group to run 11 Hilton hotel projects in Vietnam.

WB assists Vietnam’s tax reform
A delegation from the World Bank (WB) recently worked with Vietnamese partners to prepare for a project modernising the tax system in Vietnam, according to Deputy Finance Minister Do Hoang Anh Tuan.

VEPR: 2017 growth at 6.21%
Vietnam’s economic growth this year will reach only 6.21 per cent, lower than the 6.68 per cent recorded in 2015 and the target of 6.3 per cent set by the government at its regular meeting in September 2016, the Vietnam Center for Economic and Policy Research (VEPR) wrote in a report released on June 16.
Vietnam EconomicTimes

HCM City’s industrial development index up 7.5 percent
Ho Chi Minh City’s industrial development index in the first half of this year expanded 7.5 percent year-on-year, the highest rise in the past five years, reported the municipal People’s Committee.

Experts fear unchanged monopoly as Vietnam’s sole power utility announces restructure
A state-run company that monopolizes the control of power in Vietnam is set to undergo a restructure which it says will help the electricity market become more competitive, even though experts believe the otherwise.
Tuoi Tre News

PV Power to embark on thermal power plants
The PetroVietnam Power Corporation (PV Power) is embarking on the construction of nine thermal power plants under the adjusted Power Development Plan VII.

More renewable energy projects licensed
The number of renewable energy plants capitalized at VND1.2-1.4 trillion has been increasing rapidly.
VietnamNet Bridge

Solar PV rooftops to help meet energy targets
Vietnam has very favourable conditions to develop solar energy across the country, but it needs an economical, technically feasible net-metering scheme to promote solar PV rooftops in the country, experts said.

Vietnam’s legislators approve to fast-track multi-billion-dollar airport
The National Assembly has agreed to allow site clearance for Long Thanh Airport to begin at an estimated cost of $1 billion.

Australia lifts ban on VN uncooked shrimp
Australia has lifted the ban it imposed in January on uncooked Vietnamese shrimp products.
Viet Nam News

Viet Nam seeks trade opportunities with Algerian businesses
Enterprises in Viet Nam and Algeria will explore more business and trade opportunities with each other, said Vietnamese Ambassador to Algeria Pham Quoc Tru who led a delegation from the Embassy of Viet Nam visiting Oran City, Algeria.
Viet Nam News Bizhub

Bac Lieu: Foreign investors eye wind power projects
UPC Renewables Group and UK’s Kimin Power Company have reported on the feasibility of the wind power project in the southern province of Bac Lieu that the two companies are planning to invest in.
Viet Nam News Bizhub

TCC to support Vietnamese goods’ entry into Thailand
Prime Minister Nguyen Xuan Phuc has asked Thailand’s TCC Group, a large retailer, to create conditions for high-quality goods and agricultural products of Viet Nam to be sold at its supermarkets.
Viet Nam News Bizhub

Market told to limit pesticide import
Viet Nam’s plant protection product market is valued at US$1 billion a year, but the country is still heavily dependent on imports.
Viet Nam News Bizhub

Unclear policies on hi-tech agriculture stifling investment
Encouraged by the government’s promise to give support in land and capital, especially the VND100 trillion credit package announced in early 2017, many investors want to pour money into hi-tech agriculture.
VietnamNet Bridge

Hai Duong calls for hi-tech agricultural investment
The northern province of Hai Duong will create favourable conditions and offer preferential policies for businesses investing in high-tech agriculture, post-harvest preservation, slaughterhouse construction and production chain development, provincial authorities said.
Viet Nam News Bizhub

Rice prices up in domestic, foreign markets
The price of Vietnamese rice has increased strongly in both domestic and foreign markets recently because of high demand and limited supply, local reports say.
Viet Nam News Bizhub


Feature photo Dennis Jarvis
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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