Vietnam Morning News For March 28

Vietnam Morning News For March 28

Vietnam morning newsPhone contributes 21% to Vietnam’s total export revenue
Exports of Vietnam’s phones and spare parts last year skyrocketed by 31.9 percent against the previous year to US$45.27 billion, accounting for 21.15 percent of the country’s total export revenue.
— The Hanoi Times

Agro-forestry-fishery export hits 8.7 billion USD in Q1
The export of farm, forestry and fishery products in March reached 3.1 billion USD, bringing the total export value of the items in the first quarter of this year to 8.7 billion USD, a rise of 9.6 percent from the same quarter in 2017, according to the Ministry of Agriculture and Rural Development.
VietnamPlus

Vietnam is Asia’s timber processing hub: trade association
Vietnam has outstripped its regional competitors to become the timber processing centre of Asia, according to the Vietnam Timber and Forest Product Association (Vifores).
— Nhan Dan Online

​Vietnam’s Eximbank employees arrested for role in $10.8mn savings theft
Vietnamese police on Monday arrested two employees of local lender Eximbank for their role in helping a wanted former leader steal more than US$10 million from multiple savings accounts of a ‘VIP’ depositor.
— Tuoi Tre

Number of newly established enterprises in first quarter rising
Vietnam has 26,785 newly established enterprises in the first quarter with total registered capital of VND278.4 trillion (US$12.1 billion), up 1.2% in quantity and 2.7% in capital year on year, informed the General Statistics Office (GSO).
— The Hanoi Times

VN wood industry faces input woes
Viet Nam’s wood industry faces a quandary as bright export growth prospects are clouded by difficulties in finding the necessary raw materials.
— Bizhub

Hanoi to promote export turnover via trade and export market development
The Hanoi People`s Committee has recently issued Document No. 1170 on implementing instruction to sum up performance in 2017 and implement task for 2018 of the industry and trade sector.
— The Hanoi times

Vietnam Airlines, AFI sign Boeing maintenance contract
Vietnam Airlines Corporation and Air France Industries KLM Engineering and Maintenance (AFI KLM E&M) signed a long-term flight hour support contract for maintenance of Boeing 787-9 in Paris on Monday.
— Bizhub

Popular Vietnamese products sold on Amazon at exorbitant prices
Popular Vietnamese products are being sold in many Japanese supermarkets and on websites at prices which are several times higher than in Vietnam.
— VietnamNet Bridge

Party chief expects French enterprises to succeed in Vietnam
Vietnam hopes French enterprises will do successful business in the Southeast Asian country in the long run, General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong said at a meeting with representatives from the Movement of the Enterprises of France (MEDEF) in Paris on March 27.
— VietnamPlus

South Korea largest foreign investor in Viet Nam
South Korea has retained its position as Viet Nam’s leading source of foreign direct investment (FDI) in the first quarter of this year.
— Bizhub

Vietnam, China open new border gates
The Xin Man (Vietnam)-Dulong (China) border gate was officially opened at a ceremony on March 26.
— NNT

Korean food firms moving to Vietnamese market
The Republic of Korea’s distribution and food processing companies are shifting to Vietnam from China amid tougher business conditions and strained bilateral relations in the world’s most populous market, the RoK’s Yonhap news agency reported.
— VietnamNet Bridge

Keeping inflation rate below 4 percent feasible: Deputy PM
The consumer price index (CPI) in 2018 is forecast to rise by 3.41 percent, 3.55 percent and 3.9 percent under the scenarios created by the aide group of the Government’s Steering Committee on Price Management.
— VietnamPlus

Vietnam’s co-working space operator Toong to foray into Cambodia
Vietnam’s co-working space operator Toong will now be present across the Indochina markets with its entry into Phnom Penh, Cambodia, this month, founder & CEO Duong Do told DEALSTREETASIA in an exclusive interview.
— DealStreetAsia

First Vietnam – Laos caravan tour launched in Hanoi
A Caravan route through historic localities of Vietnam and Laos, was launched at the Hanoi-based Thang Long Citadel relic site, on March 24.
— NNT

All Nippon Airways-owned airline to exit Vietnam’s affordable air travel
Japanese low-cost airline Vanilla Air, which is wholly owned by All Nippon Airways, announced its official exit from Vietnam’s affordable aviation market despite optimistic business performance over the past 18 months due to its failure over local competitors.
— Vietnamnet Bridge

FLC Group to buy 24 Airbus aircraft
The FLC Group on Monday signed a Memorandum of Understanding (MoU) with Airbus to buy up to 24 A321neo aircraft for Bamboo Airways.
— Bizhub

Young graduates to work in cooperatives in pilot programme
Hundreds of university and college graduates who had studied farming and breeding will be assigned to work in agricultural cooperatives beginning this year.
— VietnamPlus

Yinson’s RM4.4b Vietnam job suspended
Integrated offshore services provider Yinson Holdings Bhd’s scheduled work programme for the Ca Rong Do Field Development – Block 07/03 Offshore Vietnam (CRD field) has been suspended for the time being due to alleged force majeure event.
— The Sun Daily

 

Feature photo Lucas Jans

 

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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