Vietnam Morning News For March 20

Vietnam Morning News For March 20

Vietnam morning news

Catfish sector plans $2b export target in 2018
The Ministry of Agriculture and Rural Development has targeted to earn US$2 billion from catfish exports this year, accounting for 31.5 per cent of the fishery industry’s total export value.
— Bizhub

Vietnamese firm to build chicken processing factory for export
The CP Vietnam Corporation, based in the southern province of Binh Phuoc, plans to invest in a project to raise and process 100 million chickens per year for export.
— VietnamPlus

Vietnam’s fruits, vegetables entering strict markets
Vietnamese fruits and vegetables are drawing significant interests from strict markets like the Unites States, Japan and Australia, opening opportunities for the products to sharply increase exports.
— The Hanoi Times

Vietnamese firms boost presence in foreign markets
FPT Corporation opened its sixth representative office on March 13, in the Japanese city of Hamamatsu.
— Nhan Dan Online

Vietnam trying ex-Politburo member over oil giant’s losses
A court in Hanoi began a criminal trial Monday of a former Politburo member accused of mismanagement at state oil giant PetroVietnam that cost millions of dollars.
— The News&Observer

Safeguard duty on fertilisers divides experts
On March 7 the Ministry of Industry and Trade issued Decision No.686/QD-BCT with safeguards against the import of diammonium phosphate and monoammonium phosphate fertilisers.
— VietnamNet Bridge

Vietnam’s growth in first quarter forecast to hit 6.23%
The Vietnamese economy is projected to expand by 6.23% in the first quarter of 2018, buoyed by strong industrial growth, according to the National Centre for Socio-economic Information and Forecast (NCIF).
— Nhan Dan Online

Exclusive: VinaCapital invests $10m in Vietnamese realty firm Ricons
Ho Chi Minh City-based asset management firm VinaCapital has invested $10 million in Ricons Construction Investment JSC, a subsidiary of the country’s leading developer Cotec Construction Joint Stock Company (CotecCons).
DealStreetAsia

Koreans flood VN finance firms
Institutions from the Republic of Korea (RoK) have increased their investment in Viet Nam’s financial market significantly, expecting to gain from the market, thanks to the economic growth outlook.
— Bizhub

SOEs face punishment over info
The Ministry of Planning and Investment (MPI) has asked the Government to handle the State-owned enterprises (SOEs) that failed to disclose their business information in 2017.
— Viet Nam News

Mekong Delta city expects to increase fruit exports
Can Tho city in the Mekong Delta has called on companies to strengthen cooperation with local farmers in boosting the export of fruits, especially the city’s three key fruits of longan, star apple and mango.
— VietnamPlus

VAMC manages total assets worth US$9.1 billion
Vietnam Asset Management Company (VAMC)`s total assets under its management worth VND209 trillion (US$9.1 billion), up 6.2% year-on-year, according to the company`s financial statement on 2016.
— The Hanoi Times

Vietnam Digest: Toong, Indochina pact; Vietcombank pares OCB stake
Vietnamese co-working space operator Toong and Indochina Vanguard have collaborated to locate co-working space in Wínk Hotels while Vietcombank continues to pare its ownership at Orient Commercial Bank by offloading over 6.6 million shares.
— DealStreetAsia

Other crops to be planted on 120,138ha of rice fields in the south
Some 120,138 ha of rice fields affected by a lack of water and saltwater intrusion in the southern region will be used to grow other crops in 2018, according to the Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD).
— VietnamPlus

Vietnam: Singapore’s Keppel Land buys out Saigon Sports City
Singapore-based developer Keppel Land has, through its wholly-owned subsidiary Oil (Asia) Pte Limited, acquired the remaining 10 per cent stake in Jencity Limited, which holds Saigon Sports City, for approximately $11.4 million.
— DealStreetAsia

A Closer Look at Honor – The Newcomer to Vietnam Smartphone Market
Honor, the young, innovative and trendsetting smartphone brand, expanding rapidly across the world, just announced its official entry to Vietnam on March 7, and has achieved its first victory at the first open sale on March 13.
— AsiaOne

 

Feature photo Graeme Newcomb

 

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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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