Vietnam Morning News For September 7

Vietnam: Registration of Technology Transfer Now Mandatory
According to the new Law on Technology Transfer dated 19 June 2017 and Decree No. 76/2018/ND-CP which was issued on 15 May 2018, registration of technology transfer has been made mandatory from July 1, 2018, in Vietnam.
— Vietnam Briefing

Vietnam exports coal to China, then imports coal from China at high prices
Vietnam buys coal from Indonesia at the price of VND1.6 million per ton, while coal from China is 6.6 times more expensive, at VND8.2 million.
— VietNamNet Bridge

Petrol prices increase by 300 VND per litre
The price of bio-fuel E5 increased by 300 VND per litre, while that of diesel 0.05S increased slightly by 383 VND per litre during the latest regular adjustment of petrol and oil prices on September 6.
— VietnamPlus

Foreign players in fierce competition to dominate Vietnam’s online shopping
Vietnam`s retail e-commerce sale is expected to reach US$10 billion by 2020, which is considered a “promising land” for foreign investors, especially those from China, Zing reported.
— The Hanoi Times

Vietnam Climbs 25 Places in World Bank’s Logistics Index
Vietnam jumped 25 spots in the World Banks’s Logistics Performance Index 2018, ranking 39th among 160 countries.
— Vietnam Briefing

Banking sector works on funding for farmers
The banking sector needs solutions to provide more funding for agriculture and rural areas to ensure sustainable development, according to experts.
— Bizhub

Pig waste powers Vietnam
Pork is an important source of protein in Vietnam. It represents more than 72.6 percent of meat produced in the country and provides livelihoods on small farms for more than four million people.
— The Asean Post

Footwear industry at technological crossroads
Việt Nam’s footwear exports have been worth US$9.45 billion in the first half of this year, a year-on-year increase of 8.4 per cent.
— Viet Nam News

Engineering sector needs reforms
Viet Nam’s mechanical engineering industry is lagging far behind the world, meaning the Government and businesses must renovate to keep up with the fast-moving technological revolution.
— Bizhub

10 Indonesian destinations promoted in Vietnam
The Tourism Ministry is conducting a sales mission to promote 10 Indonesian destinations in Ho Chi Minh City, Vietnam.
— The Jakarta Post

Emirates extends Vietnam network
Emirates and Jetstar Pacific have announced a new codeshare agreement, expanding the existing partnership between the Dubai-based carrier and Jetstar Group.
— TTR Weekly

Will VND lose 3 percent of its value in 2018?
The depreciation of the Chinese yuan against the dollar has raised concerns that Vietnam’s goods will become less competitive in comparison with Chinese goods if Vietnam does not devalue its currency.
— VietNamNet Bridge

Vietnam expressways to stretch further, cover 7000 km
The Transport Ministry is working with consultants on a proposal to lengthen Vietnam’s expressways to 7,000 km.
— VnExpress

Vietnam’s goods enter Thailand through niche markets
Vietnamese businesses have found alternative ways to bring their products to the Thai market.
— VietNamNet Bridge

An Economic Overview of Ba Ria – Vung Tau Province
Vung Tau (BRVT), situated in the southern key economic zone, is one of the major economies and investment destinations in Vietnam. The region contributes close to eight percent to the national GDP and over 10 percent to the government’s revenues.
— Vietnam Briefing

Vietnam vulnerable as new cyber security threat emerges
Cryptocurrency mining malware is the new threat and Vietnam’s weak cyber security makes it particularly vulnerable.
— VnExpress

Apple reseller to open in HCMC
Việt Nam’s Imex Pan Pacific Group (IPPG) will open an official Apple resale store in HCM City on September 10, according to cafef.vn.
— Viet Nam News

USTDA backs energy storage feasibility study in Vietnam
With a grant from the US Trade and Development Agency (USTDA), Vietnam Electricity (EVN) will be assessing the feasibility of installing energy storage technologies such as batteries and flywheels in Vietnam.
— Renewables Now

Vietnam continues topping world in entrepreneurship: Amway report
Vietnam maintains its top position in terms of entrepreneurship in the recently-released Amway Global Entrepreneurship Report 2018 (AGER 2018), followed by India, China, Malaysia and South Africa.
— VietnamPlus

Vinalines IPO bombs in spectacular fashion
State-owned shipping firm Viet Nam National Shipping Lines, raised a meagre VND54.3 billion (US$2.33 million) from an initial public offering (IPO) at the Ha Noi Stock Exchange on Wednesday.
— Bizhub

International Real Estate Conference 2018 opens in Hanoi
The International Real Estate Conference 2018 (IREC) opened at the National Convention Centre in Hanoi on September 6, attracting the participation of thousands of delegates and real estate firms from 19 countries and territories around the world.
— Nhan Dan Online

Positive Outlook for European Businesses in Vietnam
According to the recent EuroCham’s Business Climate Index (BCI), European companies continue to remain optimistic about Vietnam’s business environment as well as the EU-Vietnam Free Trade Agreement (EVFTA) which will come into effect in 2019.
— Vietnam Briefing

Weak sentiment continues to pull stocks down
Việt Nam’s benchmark VN-Index extended losses on Thursday morning as weak market sentiment continued to weigh down the market movement.
— Viet Nam News

Vietnam – Italy : Trade and Investment Relations
The year 2018 marks the 45th anniversary of Vietnam- Italy diplomatic relations.
— Vietnam Briefing

President Jokowi to visit Hanoi to develop Indonesia-Vietnam economic potential
Indonesian President Joko Widodo (Jokowi) will visit Hanoi on September 11-12, 2018, to develop economic potential and expand market access between Indonesia and Vietnam.
— Antara

Vietnam passes 10 million mark
International visits to Vietnam reached 1,323,546 in August representing a 7.7% increase over the same month last year, according to provisional figures released by the Vietnam National Administration of Tourism on Tuesday.
— TTR Weekly

Bubble threat a thing of the past: Saigon realty association
The HCMC realty association says bubble factors have been neutralized, but skeptic experts insist that risks persist.
— VnExpress

China, Vietnam allow tourist cars to enter border provinces
Vietnam’s northern Lang Son province has allowed cars driven by Chinese nationals to enter the province for tourism purposes on a trial basis, and south China’s Guangxi Zhuang Autonomous Region has applied the same policy.
— Xinhua

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