Vietnam Morning News For February 12

Vietnam’s electronics industry on the rise
The rapid growth of the domestic electronics industry has boosted up the employment demands in the country and many firms say they find it difficult to recruit technicians.
— The Hanoi Times

Fruit, veggie exports estimated at 321 million USD in January
Vietnam earned some 321 million USD from fruit and vegetable exports in January 2018, rising by 36.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
— VietnamPlus

Wood industry plans US$14 billion turnover in 2020
Advantages from the new-issued Law on Forestry and new free trade agreements will boost Vietnam’s forestry and wood industry further develop to meet the US$14 billion turnover target, including $10 billion from exports, in 2020.
— The Hanoi Times

Vietnamobile – the little giant of Vietnam’s mobile telecom market
Vietnamobile, the country’s fourth-largest mobile operator, is making a stunning comeback after spending two years flying under the radar by launching a new product that offers free, unlimited data to subscribers.
— Tuoi Tre

EVN Genco 3 IPO raises a meagre $8.13m in yet another dud for Vietnam
Vietnam raised VND184.8 billion ($8.13 million) from the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3), a subsidiary of Vietnam Electricity Corporation (EVN), on February 9.
— DealStreetAsia

Plastics, e-commerce, power, steel sectors receive Chinese capital flow
Chinese capital is heading for a series of business fields in Vietnam. What will the capital bring?
— VietNamNet Bridge

SSI issues 50 million USD bond to a foreign investor
Saigon Securities Inc (SSI) issued convertible bonds worth a total 1.15 trillion VND (50.4 million USD), the company said on February 9.
— VietnamPlus

Thailand’s largest solar firm Superblock plans $1.76b worth of wind farms in Vietnam
Thailand’s largest solar energy company, Superblock Pcl, plans to invest 56 billion baht ($1.76 billion) to install 700 megawatts (MW) of wind farms in Vietnam, the company’s Chairman Jormsup Lochaya told Reuters on Friday.
— DealStreetAsia

FDI enterprises pay lowest taxes despite high profits
Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest State taxes despite reporting high profits, statistics show.
— VietnamPlus

Banks battle Tet ATM overload
As demand for cash withdrawals at ATMs doubles or triples around the Vietnamese Tet holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.
— Bizhub

Singapore-based Ademco acquires 60% in Vietnam security solution provider TNT
Singapore-based security services company Ademco Security Group Pte Ltd (Ademco) has acquired 60 per cent of one of Vietnam’s leading security solution providers TNT Technologies Joint Stock Company (TNT) as a part of its plan to grow overseas revenue by 50 per cent over the next three years.
— DealStreetAsia

VN talks trade promotion in tough markets
Trade promotion in Viet Nam is facing many difficulties as many importers, such as the US, China, Japan and the European Union, were now protecting their own farm production.
— Bizhub

Asia Coffee-Vietnam Jan coffee exports jump, Indonesia nears mini-harvest
Vietnam’s coffee exports in January jumped beyond the government estimate ahead of a major holiday, official data showed on Thursday, while Indonesia is expected to be busier next week as it nears a mini harvest, traders said.
— Tuoi Tre

Da Nang Hi-Tech Park attracts additional US$62 million
The People’s Committee of Da Nang city held a ceremony on February 9 to grant investment certificates for two projects in Da Nang Hi-Tech Park with a total investment of US$62.2 million.
— Nhan Dan Online

Domestic exporters need to be on their toes for Vietnam-EAEU FTA
Domestic exporters will continue to benefit from reduced tariffs as thousands of Vietnamese export goods to the Eurasian Economic Union will enjoy a tax rate of 0% in 2018 under a free trade agreement signed between the two sides.
— The Hanoi Times

Hai Phong slashes investment paperwork
For two years, Hai Phong Chamber of Commerce, Investment and Tourism has played a key part in making the northern port city one of the most attractive destinations in the country.
— Bizhub

Vietnamese province forks out salaries to workers abandoned by S Korean employer
The company’s director has reportedly left Vietnam, hanging hundreds of employees out to dry before the Tet holiday.
— VnExpress

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