Vietnam Morning News For May 29

Vietnam Morning News For May 29

Vietnam morning news

Vietnam prepares for opening of petroleum market
Vietnamese petroleum companies have enough time to build facilities and develop networks to prepare for competition with foreign distributors once Vietnam opens the petroleum market, experts say.
– VietNamNet Bridge

Government fails in downsizing efforts
The Vietnamese Government has failed to downsize its large staff, with the number of officials continuing to increase.
– Viet Nam News

VN e-commerce developing quickly
E-commerce in Viet Nam is more developed than some Southeast Asian countries and is poised to expand in coming years, according to a market research company.
– Viet Nam News bizhub

VietJet seeks first Vietnam overseas listing, in talks with London, HK & SGX
VietJet Aviation Joint Stock Co., which controls almost half of Vietnam’s domestic airline market, is in talks to become the first company in the Southeast Asian nation to list its shares in an overseas stock exchange.
– Deal Street Asia

2017 shrimp exports to Japan likely to reach $3.4b
Viet Nam is expected to export shrimps worth some US$3.4 billion to Japan this year, up 9 per cent year-on-year, the Viet Nam Association of Seafood Exporters and Producers (VASEP) said.
– Viet Nam News bizhub

HCM City draws more 1.37 billion USD in foreign investment
Ho Chi Minh City attracted 1.37 billion USD in foreign direct investment (FDI) in the first five months of 2017, a year-on-year increase of 45.8 percent.
– VietnamPlus

Binh Duong: FDI in five months exceeds yearly target
Southern Binh Duong province has lured nearly 1.5 billion USD in FDI in the first five months of 2017, 6.5 percent higher than the province’s target of 1.4 billion USD for the entire year, according to the provincial People’s Committee.
– VietnamPlus

Maritime Bank listing rejected
Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has failed to get approval from shareholders to trade its shares on the stock exchanges
– Viet Nam News bizhub

Central bank maintains flexible forex regime
In the first four months of the year, the trade deficit was at quite high at around US$2.8 billion.
– Viet Nam News

Major cities building more cheap apartments
Viet Nam’s major cities are gearing up to develop homes for workers, planning to construct small studios of some 25-50sq.m. at the price of 150 million (US$6,500) per unit.
– Viet Nam News bizhub

Power sector seeks way to go green over power shortage
Vietnam’s electricity supply might meet only half of total demand in the future, predicted Tran Trong Quyet, vice chairman of the Southern Power Association.
– VietnamPlus

Property sector to see many mergers, acquisitions
The real estate market is busy with mergers and acquisitions (M&A), which are forecast to touch a record high this year, driven by the sector’s steady recovery.
– VietNamNet Bridge

Ministry admits to poor quality control over Chinese contractors
The Ministry of Planning and Investment has had to explain why Chinese firms continue to win tenders for major projects in Vietnam despite being tardy, unsafe, and of poor-quality.
– VietNamNet Bridge

Incurring big losses, fast food giants open fewer shops
The heyday of fast food chains seems to be over in Vietnam. The number of fast food shops has been decreasing in an era when people are trying to ‘live slowly’.
– VietNamNet Bridge

Local wood firms to refuse contraband
Vietnamese wood companies will not exploit, transport, process, produce or trade in illegal wood and wooden products, according to the Viet Nam Wood and Forest Association (VIFORES).
– Viet Nam News bizhub

 

Feature photo Guido Da Rozze
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage 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, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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