Vietnam Morning News For March 12

Vietnam wants exclusion from US’s steel tariff
The Ministry of Industry and Trade (MoIT) of Vietnam has urged the US Government to consider excluding Vietnamese products from its newly announced tariff measures on imported steel and aluminium.
— VietnamPlus

Industrial property: Stronger ties between local and foreign corporations
2017 has been another remarkable year in the manufacturing and industrial sector and 2018 will continue to see high demand for industrial and logistics properties with strong investments from operators, occupiers, and owners.
— VietnamNet Bridge

Vietnamese billionaires vow to boost agricultural development
Four Vietnamese tycoons, who have been named in Forbes Billionaires 2018, share a common interest in investing in agricultural development or businesses dedicated to benefiting Vietnamese farmers and the poor.
— VietnamPlus

Administrative reform must be transparent: Government Office
Administrative reform must be transparent and concrete, and “ambiguous language” that bureaucrats can ‘exploit’ must be absolutely avoided.
— Bizhub

“Vietnam & EU likely to sign FTA soon”
Vietnam and the European Union (EU) are likely to sign the EU-Vietnam Free Trade Agreement (EVFTA) soon, Daniel Muller, ASEAN Regional Manager for the German Asia-Pacific Business Association, said in an interview granted to Vietnam News Agency (VNA) reporters in Germany.
— Fresh Plaza

Japanese bank wants to provide long-term capital sources for Vietnam
Bank of Tokyo-Mitsubishi UFJ (BTMU), one of Japan`s leading financial companies, expected to provide long-term capital sources for Vietnam’s high quality projects.
— The Hanoi Times

Businesses allowed to declare products’ safety
Food enterprises can now declare their products safe and hygienic, without having to apply for any official certification.
— VietnamPlus

Teco pushes new motors, moving labor to Vietnam
Industrial motor supplier Teco Electric & Machinery Co (東元電機) presented an optimistic sales outlook for this year, saying that it expects to secure more orders for its new energy-efficient motor products.
— Taipei Times

Vietnam: Korea’s KEB Hana Bank eyes BIDV’s stake
KEB Hana Bank, a subsidiary of Korea’s Hana Financial Group, plans to acquire a stake at Bank for Investment and Development of Vietnam (BIDV) as part of its business expansion, Business Korea reported.
— DealStreetAsia

Nghe An lures investments
Nghe An Province has emerged as a hot investment destination when many areas in the North and South have shown signs of saturation with increasing capital flowing in the province in recent years, attendees told a workshop on investment attraction and support in the province held on March 9.
— Bizhub

Work starts on double-decker roundabout interchange at Chu Lai open economic zone
A ceremony was held at the Chu Lai Open Economic Zone in the central province of Quang Nam to kick-start the construction of a double-decker roundabout interchange between National Highway 1A and the North-South railway, with an arterial road from Chu Lai Port to the Da Nang-Quang Ngai Expressway.
— Nhan Dan Online

Exchange rates rise, credit stationary
Exchange rates for both the central bank and other commercial banks rose slightly in February, while the credit sector showed little significant change, said the National Financial Supervisory Commission (NFSC).
— Bizhub

Ports along Saigon River to be relocated
A number of ports along the Saigon River are to be moved or converted for other purposes in a bid to ameliorate urban traffic congestion in Ho Chi Minh City and neighboring areas.
— Tuoi Tre

Japan invests big in Vietnamese real estate
Viet Nam’s real estate sector has witnessed significant participation from Japanese investors through cooperation with Vietnamese businesses recently, promising to bring benefits to the real estate market.
— Bizhub

French expertise in livestock industry to attend ILDEX Vietnam international tradeshow
Business France Vietnam will support nine French livestock breeding companies at the ILDEX Vietnam international tradeshow in Ho Chi Minh City during March 14th-16th, 2018.
— The Hanoi Times

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