Vietnam Morning News For February 14

Vietnam Morning News For February 14

Vietnam morning newsMoF urged to revise automobile industry laws
The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts.
— Bizhub

Auspicious start for Vietnamese seafood exports to EU
Vietnam has enjoyed robust signs in seafood shipments to the EU market in January after a tough time caused by the “yellow card” issued by the European Commission over the problem of illegal, unreported and unregulated (IUU) fishing.
— VietnamPlus

Vietnam’s Coffee Exports May Climb 9% on Rising Production
Coffee shipments from Vietnam, the world’s biggest robusta producer, will surge this year as farmers harvest a bigger crop, according to Industry and Trade Minister Tran Tuan Anh.
— Hellenic Shipping News

Phu Quoc island district targets 1,200 tonnes of pepper in 2018
The island district of Phu Quoc in the Mekong Delta province of Kien Giang aims to produce at least 1,200 tonnes of pepper in 2018.
— VietnamPlus

Remittances to add impetus to property sector in 2018
Overseas remittances will continue adding a vital impetus to the economy, including the property sector in 2018, according to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association.
— VietnamNet Bridge

Vietnam to get logistics upgrade with private equity backing
Global private equity firm Warburg Pincus on Monday announced it was setting up a $200 million logistics joint venture with Vietnamese real estate and infrastructure developer Becamex IDC Corp (Becamex).
— Nikkei Asian Review

Bumper Tet for watermelon farmers
Farmers who grow watermelon in Ca Mau Province’s Ca Mau City are raking in high profits because of a bumper harvest and rising prices for the Tet (Lunar New Year) holiday when the fruit is used on virtually every family altar.
— Bizhub

VN confectionery products hold their own against foreign rivals
People are preferring confectionery products from Vietnamese manufacturers than foreign products in preparing for the coming Tet (Lunar New Year) holiday.
— VietnamNet Bridge

Vietnam raises $29.2m from IPO of Vinasugar II in line with expectations
Vietnam has raised VND664 billion ($29.2 million) from the auction of its 93 per cent stake in Vietnam Sugarcane and Sugar Corporation II (Vinasugar II) on Ho Chi Minh City Stock Exchange (HoSE) on February 13. The proceeds were in line with the government’s expectation.
— DealStreetAsia

Vietnam strives to attract more investment in solar power
Vietnamese localities are taking measures to attract more investment in renewable energy, especially solar power.
— VietnamNet Bridge

Supermarkets in HCM City gear up for Lunar New Year
Many supermarkets are launching attractive promotion programmes in the days ahead of Tet (Lunar New Year) to attract customers. Tet falls on February 16 this year.
— VietnamPlus

Vietnam’s improved investment climate attracts Japanese firms
Vietnam becomes an attractive destination for Japanese investors as the country’s investment climate has been improved in recent years, said an economist from Waseda University, Japan.
— VietnamNet Bridge

Business boom after reforms: VCCI chairman
The Government hopes to attract 135,000 new firms in 2018. Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), said this was achievable, but would require quick reforms.
— Bizhub

President calls on Indian firms to do business in Vietnam
Vietnam always treasures and encourages foreign investors, including those from India, to invest and do business in the country, President Tran Dai Quang told Indronil Sengupta, Chief Executive – Vietnam at Tata Sons.
— Nhan Dan Online

Australia provides $24mn for transport development
The Ministry of Transport (MoT) and the Australian Government signed an agreement on February 9 to launch Aus4Transport, a new $24-million program to support the development of transport projects in Vietnam.
— Vietnam Economic Times

Investors from Europe, US absent from Vietnam real estate market
Asian real estate developers have increased their presence in Vietnam, while European and American investors have remained indifferent to the market.
— VietnamNet Bridge

Most Southeast Asian stocks end higher; Vietnam up nearly 4 pct
Most Southeast Asian stock markets finished higher on Monday tracking U.S. stocks which gained more than 1 percent in the previous session, restoring some confidence in investors.
— Tuoi Tre

Savills: $2.5bn from overseas Vietnamese flowing into property
According to many experts, the end of the year is generally a good time for property sales and when a lot of cash comes from local people, especially overseas Vietnamese (Viet Kieu) into the real estate market.
— Vietnam Economic Times

 

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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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