Vietnam Morning News For February 5

Locally-made cars in Vietnam get huge price cuts over new import rules
With prices of imported cars in Vietnam soaring due to supply shortage caused by new import regulations, dealerships of locally-assembled vehicles are grabbing the golden opportunity to offer price cuts to attract buyers.
— Tuoi Tre

Property sales rise in January
The domestic property market reported more sales in January compared to December 2017, according to the Ministry of Construction’s Housing and Property Market Management Department.
— Bizhub

Vietnam Rubber Group IPO raises $57.7m, far lower than govt target
Vietnam has raised VND1.31 trillion ($57.7 million) from the initial public offering (IPO) of Vietnam Rubber Group (VRG) on Ho Chi Minh City Stock Exchange on February 2.
— DealStreetAsia

Vietnam fears foreign investment affected by US tax bill
A tax overhaul passed by the U.S. Congress by the end of last year may affect Vietnam’s economy as American investors are likely to send their investment back home, where the income tax rate has been significantly slashed, Vietnamese economic experts have warned.
— Tuoi Tre

Consumption of E5 bio-fuel accounts for some 65% of total petrol sales
The number of local consumers using E5 has been increasing rapidly though the bio-fuel has been put into use nation-wide for just nearly a month.
— The Hanoi Times

VN seeks to accelerate agricultural restructuring
Accelerating agricultural restructuring towards large-scale and high-tech production became critical for the sector involving 70 per cent of the country’s population but contributing just below 20 per cent of the country’s gross domestic product (GDP).
— Bizhub

Creador invests $43.8m in Vietnam’s Mobile World
Alstonia Costata Sdn. Bhd., an affiliate of South and Southeast Asia-focused private equity (PE) firm Creador, has invested VND994 billion ($43.8 million) in Vietnam’s largest mobile device and consumer electronics retailer Mobile World (MWG).
— DealStreetAsia

Microfinance lenders urge improvements in governance for lending
Improvements in corporate governance and risk management are believed to support microfinance institutions in Viet Nam in catering to the financial needs of micro-enterprises and low-income groups.
— Bizhub

Vietnamese logistics urged to enhance connectivity
Logistics development plans of provinces and cities nation-wide should have a better connectivity to make the industry become more effective, experts have said.
— The Hanoi Times

Vietnamese investors sitting on fire as bitcoin price plunges
Vietnamese investors in bitcoin are sitting on fire as value of the cryptocurrency continues on its steep downward trend ever since peaking out in late 2017.
— Tuoi Tre

Business blooms at carp village
There is no busier time than Tet for Thuy Tram village in the northern province of Phu Tho as the year comes to an end.
— VietnamPlus

ADB extends $100m credit to China Everbright for WTE projects in Vietnam
The Asian Development Bank (ADB) on Friday signed a $100 million loan facility agreement with China Everbright International Limited (CEIL) to help a series of municipal waste-to-energy (WTE) plants in primary and secondary cities in the Mekong Delta, Vietnam.
— DealStreetAsia

Vietnam’s rice export to enjoy prosperous year in 2018
Vietnam shipped nearly 6 million tones of rice in 2017, up one million tones compared to the year before.
— VietnamNet Bridge

VATM signs air traffic management deal
The Viet Nam Air Traffic Management Corporation (VATM) on Friday signed a contract with the US’s Mitre Corporation for technical assistance to develop air traffic flow management in Viet Nam.
— Bizhub

VN cities plan for urban green growth
With the urban green growth development plan to 2030 recently approved by Prime Minister Nguyen Xuan Phuc, Viet Nam is hastening the transformation of its urban economic growth model towards green growth and climate change adaptation.
— VietnamNet Bridge

20% Vietnamese adults accessible to financial services
One in five Vietnamese adults is accessible to official financial service, said in International Financial Company (IFC)’s recent report.
— The Hanoi Times

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