Vietnam Morning News For May 1

Vietcombank to offload 10% stake to maximum ten foreign investors
Vietcombank, Vietnam’s largest lender by market value, will offload a 10 per cent stake to a maximum of ten foreign investors in the first half of this year after it received government approval for the sale, it announced at its recent annual shareholders’ meeting.
— DealStreetAsia

Three foreign airlines get exemption from import tax
Deputy Prime Minister Vuong Dinh Hue has agreed with the proposal of the Ministry of Finance to exempt three airlines from import tax.
— Nhan Dan Online

Techcombank to start trading on HoSE from June 4
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is poised to commence trading on the Ho Chi Minh City Stock Exchange (HoSE) on June 4 following its nearly $1-billion IPO, the bank announced on April 27.
— DealStreetAsia

What’s Behind Vietnam’s More Vocal Stance Against China?
Vietnam sounded off twice last week against China over a long-festering maritime sovereignty dispute, after months of silence. But analysts expect to see angry phases like this one alternate more often with silent ones.
— VOA

Int’l press highlights Vietnam’s impressive economic development
Over the past week, the international press has run numerous articles highlighting the impressive development of Vietnam’s economy.
— Nhan Dan Online

Vietnamese dairy products in spotlight at Asia’s biggest food, hospitality show in Singapore
The largest of its kind in the food and hospitality industry in Asia – attracted the participation of more than 4,000 exhibitors from 70 countries and territories throughout the world.
— Bizhub

Online transactions to be paid via banks compulsorily
E-commerce transactions will be required to make payment via banks or authorized payment intermediary services compulsorily.
— The Hanoi Times

Fuel price as main driver to the CPI hike in April
Vietnam’s consumer price index (CPI) in April moved 0.08% against last month, pushing up the four-month figure by 2.8 percent year-on-year, reported the General Statistics Office (GSO) on April 29.
— The Hanoi Times

Vietnam loses as CBN supports cashew exporters
Vietnam processing firms are closing shops as cashew exporters in Nigeria are exploiting new markets to boost their income.
— New Telegraph Online

Vinhomes seeks up to $1.4b in Vietnam’s biggest equity issue
Vinhomes JSC, the residential property developer of conglomerate Vingroup JSC, launched an equity issue of up to $1.4 billion on Monday, making it the country’s biggest-ever IPO in a market, drawing strong interest from global and local funds.
— DealStreetAsia

High inflation risk looms ahead
Authorities should closely watch on inflation to timely take appropriate measures as it is under pressure to rise significantly next time, experts suggested.
— The Hanoi Times

Vietnam Airlines mulls cargo business
Vietnam Airlines Corp., which has been transforming its fleet with new wide-body planes and expanding services, is looking to further boost growth by starting a dedicated cargo unit.
— Manila Bulletin

Over 14,500 new enterprises established in Vietnam in April
The number of newly established Vietnamese enterprises in April was 14,510, with the total registered capital at VND133.5 trillion (US$5.87 billion), according to the General Statistics Office (GSO).
— Nhan Dan Online

15 billion USD projects proposed for Van Don
Businesses proposed to develop three large-scale projects, expected to cost about 10-15 billion USD, in Van Don special economic zone during a recent meeting with Quang Ninh’s leaders.
— VietnamPlus

Another Record Stock Listing Underway In Vietnam
The residential property division of Vietnamese conglomerate Vingroup, Vinhomes, launched an equity issue of up to $1.4 billion on April 30, making it the country’s biggest-ever IPO, with a lot of interest from global and local funds, Reuters reported.
— Investvine

Cai Mep – Thi Vai port complex expected to become the economic centre of the south
The party secretary of the southern province of Ba Ria-Vung Tau, Nguyen Hong Linh, has proposed that the Ministry of Transport and the Government consider developing Cai Mep-Thi Vai Port complex and Long Thanh international airport into the economic centre of the south.
— Bizhub

Qatar to supply oil products to Vietnam in 15 years
The 15-year agreement marks Qatar’s first long-term contract to sell LPG and naphtha directly to Vietnam.
— VnExpress

Mitsubishi Motors to resume exports to Vietnam
Mitsubishi Motors expects to resume shipments to Vietnam as early as June, complying with stricter inspection requirements on imported cars that went into effect at the beginning of the year.
— Nikkei Asian Review

HCMC advised to combat airport flooding by preventing littering
Trash blocking drainage canals is one reasons for regular flooding at Tan Son Nhat Airport.
— VnExpress

Sunseap Receives Approval for $150 million Solar Project in Vietnam
Sunseap International, a unit of Singapore’s Sunseap Group, has received the green light for a $150 million solar farm in Vietnam. The company stated it is the largest in the country to-date.
— Renewable Energy Magazine

Việt Nam Red Cross launches Humanitarian Month
The Việt Nam Red Cross (VNRC) in collaboration with the Hà Nội Red Cross Society launched the Humanitarian Month (from May 1 to 31) at a ceremony on April 28 in Hà Nội.
— Viet Nam News

Vietnamese fashion products displayed at Hong Kong Fair
More than 30 leading Vietnamese manufacturers of garments, textiles and fashion accessories as well as garment-related industries have displayed their products at Hong Kong’s largest one-stop sourcing fashion show.
— VietnamPlus

Vietnam’s leading laboratory technology event celebrates its 10th year
Analytica Vietnam, a spin-off of the analytica in Munich, celebrates its tenth anniversary: From April 03 to 05, 2019, the sixth episode of Vietnam’s leading trade fair for analysis, laboratory technology and biotechnology will be held at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.
— Environmental Technology

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