Vietnam Morning News For April 10

Minister asks for efforts to achieve shrimp export targets
Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong has asked localities and enterprises to deploy measures to optimise opportunities for the shrimp sector to achieve the goal of 4.1-4.2 billion USD in export in 2019.
— VNA NET

Cambodia asks Vietnam to supply more electricity
Mines and Energy Minister Suy Sem yesterday requested the Vietnamese government supply more electricity to help address a current shortage in the Kingdom.
— Khmer Times

Multi-dimensional message from Vietnam’s economy in first quarter
NDO – In the context of decline in both trade and growth as well as increase of financial – monetary challenges, oil prices and technical protection barriers in the world in 2019, Vietnam’s economic picture in the first quarter showed remarkable multi-dimensional messages.
— Nhan Dan Online

Will Vietnam become the next ‘world’s factory’ as production moves away from China?
The Vietnamese economy has been touted as a major beneficiary of the US-China trade war as companies are reportedly relocating factories to Vietnam to rebuild their supply chains. Whether the Southeast Asian country can replace China to become the next “world’s factory” has become a hot topic of discussion.
— Global Times

China strengthens inspections of fruit and veg from Vietnam
The Bureau of Agricultural Product Processing and Market Development in the Vietnamese Ministry of Agriculture and Rural Development revealed that the value of Vietnamese fruit and vegetable export reached 294 million USD in March.
— Fresh Plaza

HCM City seeks to develop 50 new co-operatives this year
HCM City is set to establish 50 new co-operatives and one co-operative union this year and hopes to push the annual growth of the collective economy to 10 percent and its contribution to the city’s economy to 0.6 percent.
— Viet Nam News

Moody’s backs Viet Nam’s strict proposal on unsecured consumer lending
Viet Nam’s stricter regulations on unsecured consumer lending are credit positive for finance companies, according to a recent credit outlook report released by the credit ratings agency Moody’s Investors Service.
— Bizhub

ADB forecasts steady growth despite global turmoil
The Asian Development Bank (ADB) forecast Vi?t Nam’s economic growth to moderate but remain strong in the next two years despite a projected slowdown in the global economy and world trade.
— Viet Nam News

Thai enterprises encouraged to invest in Vietnam
NDO – Deputy Prime Minister Trinh Dinh Dung affirmed that the Vietnamese Government, ministries and sectors concerned encourage and create favourable conditions for foreign investors including Thai Siam Cement Group (SCG) to pour investment into and expand their business in Vietnam.
— Nhan Dan Online

Chinese Love Vietnam Property for All the Wrong Reasons
The market for luxury apartments looks a lot like the mainland’s did 10 years ago. Investors lured by the familiar aspects should think again.
— Bloomberg

Vietnam’s vibrant social enterprise sector has more to give
There are more than 19,000 social enterprises in Vietnam, but new research finds that the sector’s growth to date has been more modest than some people hoped.
— Pioneers Post

Regulations being revised to implement CPTPP
The Ministry of Industry and Trade (MoIT) is working to align Vietnam’s legal regulations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – a deal experts see as hugely important to the country.
— VNA NET

GAS to increase stake in PV Gas South to 51%
PetroVietnam Gas JSC (GAS) has approved a plan to increase its capital contribution in the Petrovietnam Southern Gas JSC (PGS) to 51 per cent of the company’s charter capital.
— Viet Nam News

Vietnam Airlines, Air France celebrate one year of cooperation
A ceremony marking a year of cooperation between national flag carrier Vietnam Airlines and its French counterpart Air France was held in Paris on April 8.
— VNA NET

Solid waste treatment facilities to be examined
The Ministry of Natural Resources and Environment has revealed a plan to check 51 solid waste treatment facilities in 25 provinces and cities throughout the country.
— Viet Nam News

Vietnam, Netherlands agree to lift ties to strategic partnership
NDO/VNA – Prime Minister Nguyen Xuan Phuc and his Dutch counterpart Mark Rutte agreed to upgrade Vietnam-Netherlands ties to the comprehensive partnership level during their talks in Hanoi on April 9, the same day that their diplomatic ties were established 46 years ago.
— Nhan Dan Online

Statistics office partners with IMF to re-evaluate Vietnam’s economic scale
The General Statistics Office (GSO) and the International Monetary Fund (IMF) are working together toreview the methods to evaluate the Gross Domestic Product (GDP) scale of Vietnam.
— VNA NET

Vietnam’s coffee prices rebound; Indonesian premium expands
Domestic coffee prices in Vietnam bounced back on Thursday, tracking a recovery in London, after hitting their lowest level in three years earlier this week, while Indonesian premium expanded from last week. Farmers in Vietnam’s Central Highlands sold coffee at 31,600-32,500 ($1.36-$1.40) per kg on Thursday, down from a range of 32,000-33,100 dong last week. Prices fell to as low as 30,700 earlier this week.
— Business Recorder

Foreign banks in Vietnam raise chartered capital
Both Vietnamese and foreign banks are rushing to raise their chartered capital to satisfy the requirements of Basel II.
— Vietnam Insider

HCM City office rents soar
Vacancies had been continuously declining, especially in the central business district, with all recent entries rapidly absorbed, it said.
— Bizhub

Only 39 percent of pet dogs in Vietnam vaccinated
Around 5.4 million dogs are raised as pets in Vietnam but only 2.1 million, or 39 percent, of the animals are vaccinated against common canine diseases, including rabies.
— Vietnam Insider

HCM City gears for year’s 1st Vietbuild expo
The Vietbuild International Exhibition with the theme construction, industrial machinery and equipment and interior-exterior decoration will be held in HCM City from this week.
— Viet Nam News

Legal framework for business households needed
It is necessary to complete a legal framework for business households so as to promote their development and contributions to the economy, experts have said.
— Bizhub

Vietnamese products introduced at Go Green Expo in New Zealand
Vietnamese products were introduced at the Go Green Expo and Better Food Fair 2019, which was recently held in Auckland city in New Zealand.
— VNA NET

S&P raises Vietnam’s credit rating with stable outlook
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.
— VNA NET

Bubble tea, a gold mine attracting investors
Investors are flocking into the bubble tea market since demand is booming across the country.
— Bizhub

Vinashin ex-leaders prosecuted for abusing position, power
Four former leaders of the State-run Vietnam Shipbuilding Industry Group (Vinashin), now the Shipbuilding Industry Corporation (SBIC), have been charged with “abusing position and power to appropriate assets”.
— VNA NET

VN stocks progress ahead of reports
Vietnamese shares took off yesterday as oil prices increased and news on annual shareholder meetings and 2019 business plans helped cushion investor confidence amidst a lack of supportive news.
— Viet Nam News

PM to pay official visits to Romania, Czech Republic
Prime Minister Nguyen Xuan Phuc and his spouse will pay official visits to Romania from April 14-16 and the Czech Republic from April 16-18, according to a Foreign Ministry’s announcement.
— VNA NET

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