Vietnam Morning News For April 17

Central bank asks for tightened control over real estate loans
The State Bank of Việt Nam (SBV) has asked control over real estate loans of credit institutions to be enhanced, especially in areas showing signs of land price fevers.
— Viet Nam News

$108-mln wind power plant construction starts in southern Vietnam
The first phase of the Dong Hai 1 Wind Power Plant is expected to cost local company Bac Phuong (BP) Energy Ltd around VND2.5 trillion ($108 million).
— VN Express

Hanoi gears up for Formula One Grand Prix
Hanoi will prepare the best infrastructure for the Formula One (F1) Grand Prix, meeting new requirements as regulated by the International Automobile Federation (FIA), Chairman of Hanoi People’s Committee Nguyen Duc Chung has said.
— Vietnam+

Foreign banks in Vietnam raise capital for expansion plans
Foreign banks have so far gained positive business performance in the Vietnamese market and their results are estimated to be better than Vietnamese banks with the same scale in capital and total assets.
— Vietnam Net

Defence Minister meets USINDOPACOM Commander
Defence Minister General Ngo Xuan Lich met Commander of United States Indo-Pacific Command (USINDOPACOM) Admiral Philip Davidson in Hanoi on April 16.
— VNA NET

Vietnam, Ericsson open IoT Innovation Hub
The Vietnamese government has launched the first IoT Innovation Hub in the nation, in collaboration with Ericsson.
— telecomasia.net

Việt Nam’s steel industry facing nearly 50 anti-dumping and -subsidy investigations
Việt Nam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the Ministry of Industry and Trade (MoIT)’s Trade Defence Department.
— Viet Nam News

Techcombank targets US$504.3 million in pre-tax profit
Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase.
— Viet Nam News

Vietnam wants to learn from RoK’s experience in fighting corruption: official
Vietnam wants to learn from the Republic of Korea (RoK)’s experience in fighting corruption, withdrawing corrupted assets and preventing hi-tech crimes, Prosecutor General of the Supreme People’s Procuracy of Vietnam Le Minh Tri has said.
— VNA NET

Vietnamese shrimp exporters to US to enjoy zero tariffs
The US has exempted anti-dumping tariffs for 31 shrimp exporters of Việt Nam in the 13th period of review (POR 13), according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
— Viet Nam News

Vietnamese Market is Not El Dorado
A number of South Korean cosmetics companies flew to Vietnam after China’s THAAD retaliation in 2016. Now, most of the companies are not found there.
— Business Korea

Việt Nam’s exports to Japan increase rapidly in Q1
Elimination of many tariff lines for goods under the CPTPP has helped Việt Nam’s exports to Japan increase sharply in the first quarter of this year, according to the General Department of Customs.
— Viet Nam News

Dong Thap’s farmers encouraged to apply GAP standards for fruit growing
The Mekong Delta province of Dong Thap is encouraging farmers to grow more fruits to good agricultural practice (GAP) standards to improve incomes and sustainability.
— VNA NET

Garment industry eyes 60 billion USD from exports by 2025
The textile and garment industry, aiming to take advantage of free trade agreements (FTAs) with a focus on green manufacturing, is upbeat about earning 60 billion USD from exports by 2025.
— VNA NET

Private sector expected to build sustainable aviation sector
Việt Nam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues.
— Vietnam Net

HCM City struggles in war on drugs
Several recent large drug seizures in Ho Chi Minh City have raised concerns over the extent of drug crimes in the southern economic hub, and the local administration is fighting back.
— VNA NET

14 Lao tourists hospitalized with food poisoning symptoms in central Vietnam
Da Nang City authorities are investigating the hospitalization of 14 Lao tourists with food poisoning symptoms.
— VN Express

Hanoi students presented with 10,000 qualified helmets
Qualified helmets have been presented to 10,000 students across Hanoi under a programme organised by the Vietnam Grand Prix company, aiming to convey traffic safety messages to the young.
— VNA NET

Techcombank targets 504.3 million USD in pre-tax profit
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has targeted a pre-tax profit of more than 11.7 trillion VND (504.3 million USD) in 2019, representing a 10 percent year-on-year increase.
— VNA NET

Poultry industry needed to further develop
Việt Nam’s poultry industry needs to promote further development because of the forecast of growth in poultry and eggs consumption in the domestic and global markets.
— Viet Nam News

PM’s Czech Republic visit hoped to enhance bilateral ties
Prime Minister Nguyen Xuan Phuc’s visit to the Czech Republic from April 16-18 is expected to help deepen the two countries’ friendship and lift bilateral ties to a new height.
— VNA NET

Sea turtle rescue on Con Co Island
There are currently five out of seven rare and precious species of sea turtles in the central province of Quang Tri. The Con Co Island Marine Protected Area Management Board is seeking ways to protect rare turtles from the brink of extinction.
— Nhan Dan

Vietnam seeks to attract more wealthy travelers
Affluent travelers who reserve whole resorts, fly to Vietnam on special aircraft, use a private chef, or go to Vietnam on a weekend just to play golf are sought after by travel firms.
— Vietnam Net

Southern cake festival attracts over 600,000 visitors
The 8th Southern Traditional Cake Festival in the Mekong Delta city of Can Tho has attracted more than 600,000 visitors during five days, the organising board announced at the festival’s closing ceremony on April 16.
— VNA NET

Forum looks to promote children’s rights in business
Domestic and international experts and businesses gathered at a forum in Ho Chi Minh City on April 16, discussing and sharing good practices that companies worldwide are undertaking to respect and promote children’s rights in business.
— VNA NET

Agricultural cooperatives urged to adapt to market mechanism, climate change
Solutions to help agricultural cooperative in the Mekong Delta adapt to the market mechanism and climate change were discussed at a forum held in the Mekong Delta province of Dong Thap on April 16.
— VNA NET

Việt Nam’s competitiveness stems from reliable logistics
Việt Nam’s recent growth has been driven by increased participation in trade. In 2017, Việt Nam’s trade as a percentage of GDP was close to 200 per cent, which made it the sixth highest in the world.
— Viet Nam News

Textile industry aims for green standards
The textile and garment industry, aiming to take advantage of free trade agreements (FTAs) with a focus on green manufacturing, is upbeat about earning US$60 billion from exports by 2025.
— Viet Nam News

Programme issued to deal with trade protection measures
The Ministry of Industry and Trade has issued a comprehensive programme in response to trade protection measures in a bid to develop several Vietnamese industries.
— VNA NET

Vietnamese, Romanian leaders hope for further bilateral cooperation
Prime Minister Nguyen Xuan Phuc has expressed his desire for stronger cooperation between Vietnam and Romania in oil and gas, agriculture and food processing.
— VNA NET

Union of Vietnamese students in France holds Congress
The Executive Board of the Union of Vietnamese Students in France (UEVF) has convened its eighth Congress for the 2019-2021 tenure in Paris.
— VNA NET

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