Vietnam Morning News For April 25

Vietnam Morning News For April 25

Vietnam morning newsSteel sector has potential for 22% growth
Viet Nam’s steel industry has high potential to reach a production growth rate of 22 per cent and expand export markets this year.
— Bizhub

Vietnam to cut black pepper farm area as global prices fall
Vietnam plans to slash its black pepper growing area by 26.7 percent in response to falling global prices, the chairman of the country’s pepper association said Tuesday.
— Reuters

Foreign automakers switch to trading as Vietnamese scale up production
While foreign-invested manufacturers have shifted to importing cars for domestic sale, Vietnamese enterprises have increased investments and expanded production, vowing to develop a domestic automobile industry.
— VietNamNet Bridge

Vietnam needs to act to stay competitive amidst rise of protectionism: PM
Searching for new markets, aligning production and tightening quality control were the measures he outlined.
— VnExpress

Caffeine boost: Makers of battery-powered coffee mixture arrested in Vietnam
Vietnamese police have arrested five people suspected of using battery chemicals to dye waste coffee beans, the Ministry of Public Security’s online newspaper, Cong An Nhan Dan, said on Tuesday, apparently passing the mixture off as black pepper.
— Reuters

Vietnam plans to spend $11.3 bln to repay government debt in 2018
Vietnam is planning to spend VND256.7 trillion ($11.3 billion) this year to repay government debt, according to authorities.
— VnExpress

Internet connections slows in Việt Nam as int’l undersea cable down
The Asia-Pacific Gateway (APG) international undersea cable broke down at 23:50 on April 23, disrupting Internet connections from Việt Nam to other countries, according to the Việt Nam Posts and Telecommunications (VNPT).
— Viet Nam News

PM calls for new measures to boost exports
Prime Minister Nguyen Xuan Phuc has affirmed that having more control over the market will help the Vietnamese economy in the long run.
— Bizhub

Techcombank highlights booming Vietnam IPO market
April brought Vietnam’s biggest ever IPO, but in a market that is finally delivering on its promise after years of disappointing investors, the Techcombank listing might only hold its record for a matter of weeks.
— Euro Money

Vietnam’s HDBank taps into state oil group through acquisition
Vietnam’s HDBank will acquire a Petrolimex-backed peer, part of the newly listed lender’s strategy to expand its reach and secure its position as one of the country’s leading retail banks.
— Nikkei Asian Review

Lending rate reduction still far away despite good liquidity
It will take the banking industry difficult to make a lending interest rate cut this year though some factors, such as good liquidity, can support the move, experts forecast.
— The Hanoi Times

Vietnam cooperates with Indonesia to fight illegal fishing as “yellow card” review nears
Vietnam and Indonesia have agreed to a deal on regulating fishing in the South China Sea as the former is making efforts to combat illegal fishing following the “yellow card” given by the European Commission last year.
— Seafood Source

Power project to begin operations ahead of schedule
The US$1.75-billion Vinh Tan 1 thermal power project will begin operations ahead of its schedule owing to concerns about the risk of power shortage in the southern provinces in future.
— VietnamNet Bridge

‘No job, no money’: Life in Vietnam for immigrants deported by US
Now back in the country they once fled, the men said they received little support and were struggling to find work.
— VnExpress

Vietnamese travelers prefer local attractive tourism destination
Da Nang will be the “place to be” for travellers in Viet Nam in the forthcoming extra-long weekend according to global online booking platform Agoda.
— Bizhub

Maybank Kim Eng Securities increases capital
Maybank Kim Eng Securities Limited has added 10 million USD to its charter capital to 1.06 trillion VND (46.38 million USD) in Vietnam.
— VietnamPlus

Volunteers clean up nation on Earth Day
A community clean-up event to mark Earth Day brought together more than 2,000 volunteers from associations, organisations and universities besides local residents, who picked up garbage at 12 locations in HCM City yesterday morning.
— Viet Nam News

Rural areas – potential market for enterprises: Nielsen Vietnam
Businesses should bring their new products to rural areas as the consumption in the rural market is equal to that of the urban market, Nielsen Vietnam said in its fast moving consumer goods (FMCG) report.
— VietnamPlus

Vietnam, Cambodia border guard forces boost cooperation
Vietnam’s armed forces and border guards in particular always treasure solidarity, friendship and cooperation with neighbouring countries, including Cambodia, to build borderlines of peace and development, said Deputy Minister of National Defence Sen. Lieut. Gen. Phan Van Giang.
— Nhan Dan Online

Vietnam Prime Minister Nguyen Xuan Phuc to make official visit to Singapore on Wednesday
Vietnam Prime Minister Nguyen Xuan Phuc will make an official visit to Singapore from Apr 25 to Apr 27 at the invitation of Prime Minister Lee Hsien Loong.
— Channel NewsAsia

 

Feature photo Lucas Jans

 

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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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