Vietnam Morning News For July 26

Vietnam tea exports ranked fifth worldwide
Vietnam is now the seventh biggest tea producer in the world and the fifth biggest exporter of the product.
— VietnamPlus

Vietnam rakes in US$1.2 billion from state corporate reshufle in 6 months
Total proceeds from divestment and equitization process from 2016 until now are 2.5 times the figure recorded in the 2011 – 2015 period, stated the Steering Committee for Business Renovation and Development.
— The Hanoi Times

Nestlé launches new capsule production line in Vietnam as Asia demand booms
Nestlé has launched a new Nescafé Dolce Gusto capsule production line in Vietnam, which will use locally-grown coffee beans top process 2,500 tonnes of coffee per year — the equivalent of around 130 million capsules.
— Food Navigator

Viet Nam rice farmers in a sticky situation
Production of sticky rice in the Mekong Delta over the past weeks has faced challenges due to China’s new import tariff policy, forcing a strong reduction in the price of sticky rice at home and in export markets.
— Bizhub

FedEx Express’s new air route connects Hanoi to Guangzhou
FedEx Express, one of the world’s largest express service providers, on July 25 launched a new flight connecting Hanoi with the FedEx Asia-Pacific Hub in Guangzhou, China.
— VietnamPlus

New private airlines boost Vietnam aviation industry development
Vietnam would need at least 10 additional new airlines to meet growing demands in near future, according to an estimation by the International Air Transport Association (IATA).
— The Hanoi Times

Vietnam Securities Pioneer Nguyen Duy Hung Keeps An Eye On Agriculture Opportunities
Nguyen Duy Hung founded and runs Saigon Securities (SSI), by market share and market value the biggest brokerage firm in Vietnam. He also has used M&A to build Pan Group, a holding company tapping into Vietnam’s expanding agriculture businesses.
— Forbes

Giant hands hold up golden bridge in Vietnam
A 150-m-long bridge nestled in the hills of Da Nang, Vietnam, appears as if it were being held up by a pair of giant hands.
— Global Construction

Viettel CEO appointed acting information minister of Vietnam
Chairman and chief executive officer of state-run Military Industry and Telecoms Group (Viettel), major general Nguyen Manh Hung, became Vietnam’s Acting Minister of Information and Communications (MIC), the government portal announced on Wednesday.
— Xinhua

Vietnam mulls sharper scrap import restrictions
Vietnamese officials are looking at short- and long-term policies to stem the skyrocketing volume of recyclables the country has imported in recent months.
— Resource Recycling

PM asks for removal of unnecessary procedures
Prime Minister Nguyen Xuan Phuc stressed the need to shift from pre-inspection to post-inspection, issue regulations and standards on evaluation of transparency, and reduce unnecessary conditions for enhancing production.
— Bizhub

Vietnam uncovers heroin in imported scrap container
In an imported steel scrap container at Cai Mep port in Vietnam’s southern Ba Ria Vung Tau province, local customs officers detected 100 cakes of heroin weighing around 35 kg, the provincial authorities said Wednesday.
— Xinhua

Money gained from trans-national gambling ring to be seized from Vietcombank
An investigation into a multi-trillion dong gambling ring organised in Vietnam has entered the second phase, with illegal money due to be seized from Vietcombank and three Vietcombank employees under investigation.
— VietnamNet Bridge

Real estate dominates Vietnam’s M&A scene
The real estate sector dominated by far Vietnam’s merger and acquisition (M&A) values in the first half of 2018.
— VnExpress

Vietnam to complete equitisation of 85 State enterprises in 2018
According to the approved plan by the Government, Vietnam must complete the equitisation of 85 State-owned enterprises (SOEs) in 2018, but the country has so far privatised only 19 SOEs.
— Nhan Dan Online

Vietnamese animal husbandry sector moves towards intensive production
In 2018, the production value of Vietnam’s animal husbandry industry is projected to increase by 3.8%-4% over 2017.
— Nhan Dan Online

Lao dam collapse hits Vietnamese firms
Two Vietnamese firms have been hit by the dam collapse in Laos, and 26 citizens are among thousands trapped in flooded Attapeu Province.
— VnExpress

HCM City focuses on transforming business households into companies
Ho Chi Minh City has applied several measures to boost the development of enterprises, including turning business households into companies.
— VietnamPlus

VN traditional grocery stores remain downbeat over future: Nielsen
Traditional grocery retailers also expressed their great concern about the support from consumers, consumer traffic to their stores and competition from other retailers, according to a survey from Nielsen Vietnam.
— VietnamNet Bridge

Textile manufacturers from Vietnam discovering more about US cotton’s value
Textile executives representing 11 companies from Vietnam got a better understanding of how U.S. cotton can add value to the products they manufacture when they recently traveled across the U.S. Cotton Belt.
— HPJ

Canada says VN’s cold-rolled steel causes injury to its steel industry
A Canadian trade body has made a preliminary ruling that imports of cold-rolled steel from Vietnam, China and the Republic of Korea are harming the domestic industry.
— VietnamNet Bridge

Vietnam CEO Summit 2018 discusses artificial intelligence promotion
The Vietnam CEO Summit 2018 opened in Hanoi on July 25, drawing more than 400 delegates from leading firms in Vietnam, as well as economic, financial, and artificial intelligence (AI) technology experts.
— Nhan Dan Online

Feature photo Justin Jensen

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