Vietnam Morning News For May 2

Vietnam Morning News For May 2

Vietnam morning newsPV Gas forecasts lower earnings for 2018
The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), is targeting 55.7 trillion VND (2.47 billion USD) in its total revenue and 6.43 trillion VND (283.2 million USD) in post-tax profit for 2018, heard the company’s annual shareholder meeting last week.
— VietnamPlus

Steel exports and consumption saw strong growth in April
Vietnam’s steel exports soared to over US$1 billion during the first quarter of the year and heads toward a strong upward trend.
— The Hanoi Times

Vietnam’s Vingroup drives industrialization with diversification
Vietnamese property developer Vingroup is fast becoming one of the country’s most diverse conglomerates, even as it still relies on the real estate business for the bulk of its sales.
— Nikkei Asian Review

Petrol firms suggest increasing E5-RON 95 price difference
Despite increasing E5 gasoline consumption in the first quarter, gasoline enterprises still propose different retail prices for E5 and RON 95 fuel.
— VietnamNet Bridge

EC delegation to inspect IUU fishing in Vietnam
The delegation will inspect the country’s implementation of the EC’s nine recommendations related to the fight against illegal, unreported and unregulated (IUU) fishing.
— VietnamNet Bridge

NSRP releases first commercial petroleum product
Nghi Sơn Refinery and Petrochemical LLC (NSRP) in Nghi Sơn Economic Zone in Thanh Hóa Province launched its first shipment of refined product, GASOLINE RON 92 (MOGAS92), on May 1.
— Viet Nam News

Recent Agribank thefts may have featured skimming devices
A set of skimming devices includes an ultra-small camera set up with a sighting on the ATM’s keypad, a card skimmer inserted into the card slot, and a keypad skimmer placed over the ATM’s keypad.
— VietnamNet Bridge

Vietnam Airlines considers creating cargo unit to boost revenue
Vietnam has become a major manufacturing hub, providing an air freight opportunity for the state-owned carrier.
— VnExpress

Slovakia May Have Assisted in Vietnam’s Alleged Abduction of Oil Executive: Reports
Slovakia may have inadvertently assisted Vietnam’s secret police in spiriting away a former state oil executive who was allegedly kidnapped from Germany, according to media reports and sources, who say fallout from the incident has “cast a shadow” on a trade deal between Vietnam and the EU.
— Radio Free Asia

Goods, services sales value in April up 9.5%
The total retail sales value of goods and services in April was estimated at more than VND 350.5 trillion (US$ 15.4 billion), 1.7% higher than last month and 9.5% higher than in the same period last year, according to a report by the General Statistics Office (GSO).
— Nhan Dan Online

Vietnam’s largest casino to open gates next year
Macau’s biggest junket operator Suncity Group Holdings Ltd. is undaunted in its ambition to start operating Vietnam’s largest casino in the central province of Quang Nam. The project is expected to be launched next year.
— VietnamNet Bridge

Industrial production index increases by 9.4% in April
The index of industrial production (IIP) in April saw an increase of 9.4% over the same period in 2017.
— Nhan Dan Online

From Doi Moi reforms to Vietnamese billionaires
After more than 30 years of Doi Moi, the Vietnamese economy has begun to see its own local billionaires who while contributing to national development, are in need of a facilitating environment to continue prospering.
— VietnamNet Bridge

Salinity intrusion is leading to freshwater troubles in coastal Vietnam
In recent years, increased salinity intrusion in the Mekong Delta, due to changing climate and fluctuations in river water levels especially during the dry season in coastal regions, has affected agriculture especially rice farming livelihoods.
— Mekong commons

HCM City to get high-quality farm products from Long An
Agricultural businesses in the Mekong Delta province of Long An are looking at ways to increase supplies of their products to Ho Chi Minh City, the largest economic centre in the southern region.
— VietnamPlus

ACA Investments pours extra $100 million in retail and logistics ops
ACA Investments, Japan’s leading fund management company and an affiliate of Sumitomo Corporation, will spend $100 million on conducting M&A deals in the retail and logistics sectors in order to increase its presence in Vietnam.
— VietnamNet Bridge

Ho Chi Minh City students build start-up from ‘scraps’
A 27-year-old Vietnamese is behind a start-up company specializing in collecting scraps to sell and raise money to help local children in need.
— Tuoi Tre

Eximbank embattled after scandals
Eximbank is facing an uphill battle to regain the trust of its shareholders and depositors, following a series of embezzlement and fraud scandals.
— VietnamNet Bridge

S Korea appoints ex-Samsung executive as Vietnam ambassador
South Korea has been criticised for naming Kim Do-hyun, a former Samsung executive, as the country’s new ambassador to Vietnam, home to one of the electronics group’s biggest operations.
— Financial Times

Vietnam remembers over 3,000 killed in Cambodia’s Pol Pot war
Only three people from an An Giang’s commune survived the killings 40 years ago, according to historical records.
— VnExpress

 

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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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