Vietnam Morning News For May 30

Vietnam-US trade growing 20% annually
Two-way trade hit $47 billion last year, 33.5 times higher than when BTA came into effect in 2001.
– Vietnam Economic Times

Vietnam’s key rice crop output falls more than expected on saltwater, rain
With lower output and renewed overseas interest, prices are hovering at around their highest in a year.
– VnExpress.net

European firms lose confidence in Vietnam’s market
The overall business climate index among European firms has fallen 7 points since the last quarter.
– VnExpress.net

Food prices drag May CPI down
Consumer price index (CPI) dropped by 0.53 per cent in May from the previous month, mostly due to a sharp fall in food prices, the General Statistics Office (GSO) said on Monday.
– Viet Nam News

PV Oil extends strategic share offer to 50%, delays June IPO
PetroVietnam Oil (PV Oil), Vietnam’s sole crude oil exporter, has increased the percentage of state divestment to almost 65 per cent, from an earlier fixed limit of 55 per cent.
– Deal Street Asia

Agro-forestry-fisheries export rise 9.5% in five months
Agricultural, forestry and fishery exports in May hit an estimated value of US$2.8 billion, according to the Ministry of Agriculture and Rural Development.
– Viet Nam News

City economy still on track to achieve targets
HCM City’s economic performance in the first five months of the year has been rock steady.
– Viet Nam News

City’s retail market to see large quantity of floor area by end of 2018, according to Colliers report.
A large supply pipeline of more than 600,000 sq m of gross floor area (GFA) from 19 projects is estimated to enter the Ho Chi Minh City market from now until the end of 2018, according to a report entitled “Ho Chi Minh City Market Insights – Retail Sector” released recently by Colliers International Vietnam.
– Vietnam Economic Times

Lai Chau to invest US$4.8m in growing macadamia
The northern mountainous province of Lai Chau will spend VND110 billion (US$4.8 million) from its budget on growing macadamia, which is expected to help boost the local economy.
– Viet Nam News bizhub

Vietnam’s May coffee exports extend downtrend to finish at 6-month low
Coffee exports for the 2016/2017 season have already fallen nearly 7 percent, based on government data.
– VnExpress.net

$1.5 billion spent for animal feed imports
Viet Nam had to spend more than $1.5 billion to import animal feed and raw material in the first five months of this year, up 27.5 per cent compared with 2016, despite market difficulties for meat, especially pork.
– Viet Nam News bizhub

Viglacera’s HNX auction a major success
The Viglacera Corporation JSC (Viglacera) held an auction on Monday at the Hà Nội Stock Exchange (HNX), selling 120 million shares at a starting price of VNĐ12,300 (US$0.54) per share.
– Viet Nam News

Vietnam ministry proposes penalties for overcharging of airport services
There’s nothing like paying $5 for a bowl of pho to leave a bad taste in your mouth.
– VnExpress.net

Cement export tax burdens domestic firms
The imposition of 5 per cent export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.
– Viet Nam News

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Vietnam Morning News For May 30 added by John Le Fevre on May 30, 2017
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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.