Vietnam Morning News For May 12

Vietnam Morning News For May 12
Estimated Reading Time: 5 minutes |

Vietnam morning news

Headache for Hanoi inspectors monitoring movement of frozen goods
Hanoi food inspectors are struggling to monitor frozen meat and produce, which are often stored poorly, then broken down into smaller packages and sold through wholesale markets to traders who take a relaxed approach to documentation.
– Food Navigator-Asia

Japan’s FamilyMart may limit investment in Vietnam following losses
Japan’s second largest convenience store chain FamilyMart plans to stay focused on domestic market as it reported losses in several Southeast Asian economies including Vietnam.
– VnExpress

Việt Nam retail on cusp of change
The Vietnamese retail industry is on the cusp of great change, experts say.
– Viet Nam News

Jollibee, VTI joint venture SuperFoods nears Vietnam IPO
Philippine fastfood giant Jollibee Foods Corp (JFC), and its partner Viet Thai International Joint Stock Company (VTI), have completed a key step in their plan to list their joint venture company SuperFoods Group on Vietnam’s Stock Exchange.
– Deal Street Asia

More banks to repurchase bad debts from VAMC
After a period of actively selling non-performing loans to the Việt Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.
– Viet Nam News

Vietnam has trade surplus with US, but no need to worry, say analysts
The news that US President Donald Trump is arriving in Vietnam to attend the APEC Summit to be held in Da Nang City brings new hope to Vietnam-US trade relations after the US administration announced its withdrawal from TPP.– VietNamNet Bridge

Domestic steel consumption slows down in April

Domestic steel consumption recorded a modest year-on-year rise of 2.7 per cent in April to some five million tonnes, according to the Viet Nam Steel Association (VSA).
– Viet Nam News bizhub

Vietnam wants to partner with Thailand in climate change response
National Assembly Vice Chairwoman Tong Thi Phong said she wants Thailand to work with Vietnam in climate change response during a reception for Vice President of the National Legislative Assembly of Thailand Peerasak Porjit in Ho Chi Minh City on May 11.
– VietnamPlus

Many privately run hospitals try to drag miserable existence
After two years of operation, Ipak, an international hospital in district 2, HCMC, has announced its closure. Others are meeting the same fate.
– VietNamNet Bridge

Vietnam, EU complete VPA negotiations on forest governance
Vietnam and the EU on May 11 concluded six years of negotiations for a voluntary partnership agreement (VPA) on Forest Law Enforcement, Governance and Trade (FLEGT).
– VietnamPlus

Asia Rice-Buyers turn to Vietnam as prices stay firm in Thailand, India
Buyers of Asian rice turned to Vietnam this week as prices remained firm in Thailand and India, traders said on Thursday.
– Reuters

Rice disease brings misery to Hà Tĩnh farmers
Local farmers in the central province of Hà Tĩnh are facing a disastrous rice crop season with nearly 5,300 ha of crop attacked over the past two weeks by Pyricularia oryzae Cav – a bacteria that causes rice blast disease.
– Viet Nam News

Polluting Formosa steel plant gets greenlight in Vietnam to fire up new furnace
A Vietnamese council monitoring progress at a steel plant that caused the country’s worst environmental disaster has given the all-clear for Taiwan’s Formosa to test run a new furnace on a six-month trial period.
– VnExpress

Mass clam deaths reported in Kiên Giang
Some 282 tonnes of clams and 14,000 cage-raised fish died in the days between Saturday and Tuesday in Hà Tiên Town and Kiên Lương District in Mekong Delta province of Kiên Giang, Lê Thanh Hưởng, deputy chairman of People’s Committee of Kiên Lương District told Tuổi Trẻ (Youth) newspaper.
– Viet Nam News

Development gap hinders linkages in APEC auto industry
A big development gap between APEC member economies is hindering the region’s auto industry from transferring technology and promoting linkages, said an official of the Vietnamese Ministry of Industry and Trade (MoIT).
– Viet Nam News

Video ads a menace to brand safety in Vietnam – report
Video advertisements in Vietnam, mostly on YouTube, are a serious threat to brand safety, and the second most dangerous in Southeast Asia after Indonesia, according to global technology and data company Integral Ad Science (IAS).
– VnExpress

 

Feature photo Monica Volpin
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John Le Fevre

John Le Fevre

Managing Editor at AEC News Today
John is an Australian national with more than 35 years experience as a journalist, photographer, videographer and copy editor. He has spent extensive periods of time working in Africa and throughout Southeast Asia. He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests. In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak. Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post.
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