Vietnam Morning News For April 30

Vietnam Morning News For April 30

Vietnam morning newsVietnam Trade Surplus at $3.1b
Vietnam recorded a trade surplus of $3.1 billion as of April 15, according to the latest statistics of the General Department of Vietnam Customs.
— Financial Tribune

Vietnam Airlines jet lands on runway under construction
Vietnam Airlines has reportedly suspended crew of an A321 after the jet mistakenly landed on a runway under construction.
— Stuff

Textile, garment exports soar to nearly US$8 billion
Vietnam’s export turnover of textile and garment products soared by 13.4 percent year-on-year to US$7.62 billion in the first quarter, equal to 22.4 percent of the annual target, the Vietnam Textile and Apparel Association (VITAS) reported.
— The Hanoi Times

Vietnam’s tea industry feels pressure from decline in exports
Vietnam’s tea exports to Pakistan, the biggest export market, dropped by 40 percent this year in comparison with the same period last year.
— VietnamNet Bridge

Vietnam asked to lift unfair restriction on Thai cars
Thailand has demanded Vietnam to lift what it alleged as discriminatory import restriction on cars exported to Vietnam, including cars from Thailand.
— Thai PBS

Thailand, Vietnam won’t sell rice at cheaper prices
After Thailand and Vietnam — the only countries with existing rice trade agreement with the Philippines — refused to sell their rice to the country at a cheaper price, the National Food Authority (NFA) is now all set to conduct another government-to-government (G2G) bidding with the two governments.
— Manila Bulletin

VietShrimp 2018 draws over 100 local, foreign businesses
VietShrimp 2018, the second fair on technology in the shrimp industry of Vietnam, has taken place in the southern province of Bac Lieu province, drawing the participation of over 100 domestic and foreign businesses and groups.
— VietnamPlus

Vietnam drafts FDI attraction strategy in new stage
Vietnam’s FDI attraction strategy in the next decade will shift from profit-based incentives to efficiency-based incentives in a move to maximize the spillover effects and added value of the investment source.
— The Hanoi Times

Vietnam’s import up 10.1 pct in first 4 months
Vietnam spent nearly 70.4 billion U.S. dollars importing goods in the first four months of 2018, seeing a year-on-year rise of 10.1 percent, and a trade surplus of roughly 3.4 billion U.S. dollars, the country’s General Statistics Office said on Sunday.
— Xinhua

Wood exports can help 2018 target
Viet Nam can reach its export value target of US$9 billion for forestry products this year through the export of wooden products, said an expert.
— Bizhub

Dorufoam expands export to Russia, Europe, American markets
General Director of Dong Phu Rubber Technology Jsc Dam Duy Thao has said the company plans to ship its wholly Vietnamese natural products to Russia, European and American markets apart from traditional markets of China and Cambodia.
— VietnamPlus

Vietcombank plans to raise capital by 10%
The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) plans to add 10 per cent to its tier-1 capital in 2018 through issuing shares for foreign investors.
— Bizhub

Vietnam struggles to find investors for trans-national expressway
Local investors can’t raise enough funds while foreign ones find the project too risky.
— VnExpress

Export promotion targets sustainable growth
This year’s export promotion will focus on the country’s key industrial products, seafood and agricultural produce, Tran Thanh Hai, deputy director of the Ministry of Industry and Trade (MoIT)’s Import-Export Department, said.
— The Hanoi Times

No new sugarcane plants in Vietnam until 2020
The Ministry of Agriculture and Rural Development has agreed with the plan not to build more new sugarcane plants between now and 2020 with an aim to promoting the industry’s competitiveness and sustainable development.
— Borneo Bulletin

Vietnam’s CPI up slightly in April
Vietnam’s consumer price index (CPI) in April went up 0.08% monthly and 2.75% annually, pushing up the four-month figure by 2.8% year-on-year, reported the General Statistics Office (GSO) on April 29.
— Nhan Dan Online

Vietnam continues corruption fight with charges pressed against top military officers
Multiple executives at a defense ministry’s company have been arrested under power abuse charges.
— VnExpress

Agribank tackle account hack
Three out of twelve account holders at the Vietnam Bank for Agriculture and Rural Development (Agribank) had been reimbursed in full on Friday, following a series of unauthorised transactions from their accounts on Wednesday night.
— VietnamNet Bridge

Companies scratching heads over future
After mobile operators announced a temporary halt of scratchcard payments in the past few days, digital and online gaming businesses said they had been hit hard.
— Bizhub

Qatar Petroleum signs 15-year deal to supply LPG, naphtha to Vietnam
Qatar Petroleum (QP) said on Sunday it has signed an agreement to supply Vietnam with up to 2 million tonnes per year of LPG and naphtha.
— Hellenic Shipping News

E&Y: Where is fintech in Vietnam?
Vietnam can expect its fintech ecosystem to grow in the near future should it pay attention to the funding issue, growing talent in the field, and a legal framework to support such growth.
— VietnamNet Bridge

Multi-channel shopping is vital for e-commerce growth
Multi-channel shopping is on the rise, becoming a vital factor which will help retail businesses expand sales channels, thereby increasing their reach to customers and enhancing the competitive edge given the online shopping boom in Viet Nam.
— Bizhub

 

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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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