Vietnam Morning News For May 16

Foreign direct investment in Vietnam has climbed for six consecutive years
An Asian Communist state with a government-directed industrial policy churns out cheap goods for consumption in America. The country has a heavily controlled exchange rate, brandishes its low labor costs, enjoys a trade surplus and is wary of opening sensitive industries to foreigners.
— Vietnam Insider

Vietnam urged to adjust mechanical engineering development strategy
Vietnam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably.
— VietnamPlus

MasterCard names VIB as a leading bank in e-commerce transactions and value of credit card spending
MasterCard has just named the Vietnam International Bank (VIB) as one of its leading bank partner in e-commerce transactions and value of credit card spending in Vietnam.
— Vietnam Insider

China: Stricter import rules for Vietnamese fruits
Hung, a farmer who owns 3 hectares of VietGAP (Vietnamese Good Agricultural Practices) certified durian in the central highlands province of Lam Dong, said that two years ago, traders had to compete to get fruits for export to China. However, in the last two months, traders have been insisting on certification of origin for the fruits.
— Fresh Plaza

Japan among top 10 importers of Vietnam’s tra fish for first time
Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Vietnam.
— VietnamPlus

Complex to link Japanese and Vietnamese firms in supporting industries
A complex intended to connect Japanese and Vietnamese firms involved in supporting industries will be developed in the Hà N?i Southern Supporting Industrial Park (HANSSIP).
— Viet Nam News

HCMC buses losing passengers to ride-hailing services
Public buses in Ho Chi Minh City are getting fewer passengers due to increasing competition from ride-hailing services, according to city officials.
— VnExpress

Property developers not keen on workers’ housing
Developers in the south are ignoring the workers’ housing segment despite the huge demand for it, analysts said.
— Viet Nam News

Measles forecast to rise in Hanoi city
Hanoi recorded 1,193 cases of measles since the beginning of this year, however, there has been no death from this disease, according to the city’s health authorities.
— VietnamPlus

VN cosmetics market’s shining potential
The Vietnamese cosmetics market has grown strongly in recent years given the rapid economic growth and large young population, the Vi?t Nam Association of Essential Oils, Aromatherapy and Cosmetics has said.
— Viet Nam News

Number of tourists between Vietnam, Japan to reach 1.5 million by 2020
Japan was a key market for the Vietnamese tourism sector, Deputy Ambassador of Vietnam to Japan Lâm Thanh Phuong said yesterday, predicting that the exchange of tourists between the two countries would reach 1.5 million arrivals by 2020.
— Viet Nam News

Tet 2019 consumer goods purchases highest in three years
A new report says Vietnam spent nearly $2 billion on consumer goods this Tet, the highest in three years.
— VnExpress

Hà Nam grants licences for two projects
Hà Nam Province People’s Committee on Wednesday granted investment licences for two projects, worth a total of US$52 million.
— Viet Nam News

Vietnamese products on show at exhibit in China
The event, which runs until Thursday, is expected to lure more than 110,000 visitors
— Viet Nam News

Deputy Prime Minister urges approval of Sa Pa Airport plan
Deputy Prime Minister Tr?nh Ðình Dung has asked the Ministry of Transport to approve a detailed plan for Sa Pa Airport in the northern mountainous province of Lào Cai.
— VietnamPlus

German firms seeks to sell machine tools in VN
Việt Nam has experienced increasing demand for modern machinery and production technologies, experts said at the conference
— Viet Nam News

An Giang to export mangoes to US in June
The Mekong Delta province of An Giang will export about 5-10 tonnes of mangoes to the US in June 2019, according to deputy director of the provincial Department of Agriculture and Rural Development Lu Cam Khuong.
— VietnamPlus

South Korea and Vietnam may not be natural allies
South Korea and Vietnam may not be natural allies, yet their bond is quickly becoming one of the region’s deepest.
— Vietnam Insider

Greater efforts to reform administrative procedures needed
Vietnam has cut thousands of business regulations and special inspection procedures, saving 4 trillion VND (172 million USD) in 2017 and 6.3 trillion VND (270.9 million USD) in 2018, according to the World Bank (WB).
— VietnamPlus

Viet Nam must adjust mechanical engineering development strategy: firms
Viet Nam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably.
— Viet Nam News

EVFTA to propel Vietnam – Norway relations: PM
Vietnam has great interest in developing maritime economy, solving the plastic waste issue, and hopes to cooperate with Norway on this issue.
— The Hanoitimes

Fight against origin fraud to be enhanced
The National Steering Committee for Combating Smuggling, Commercial Fraud and Counterfeit Goods has asked the handling of violations related to “made-in-Vi?t Nam” origin fraud to be enhanced.
— Viet Nam News

Greater efforts urged to remove bottlenecks in Vietnam’s FDI attraction
Nobufumi Miura, chairman of the Japan Business Association in Vietnam, claimed that cumbersome administrative procedures have hindered enterprises from increasing their investment.
— The Hanoitimes

Vi?t Nam urged to further improve administrative procedures
US businesses expected progressive changes and clear improvements in both hard and soft infrastructure as well as policies for investment and business co-operation in Vi?t Nam, said Vice Chairwoman of the Vietnam Chamber of Commerce and Industry (VCCI) Virginia Foote.
— Viet Nam News

Vietnam, Laos seek to boost connection between businesses
A cooperation agreement was inked between the Vietnam Business Association for Cooperation and Investment in Laos (Viet-Lao BACI) and the Young Entrepreneurs Association of Laos (YEAL) in Vientiane on May 14.
— Nhan Dan Online

Businesses to work with universities on high-tech development of key industrial products
Enterprises should cooperate with universities and research institutes on high-tech solutions to develop the city’s key industrial products, experts have said.
— Viet Nam News

Vietnam considered new growth engine for S.Korea: Expert
The net interest margin of banks in Vietnam, a key indicator of profitability, was about twice that of lenders in South Korea.
— The Hanoitimes

National week for natural disaster preparedness launched
The Ministry of Agriculture and Rural Development held a ceremony in the northern port city of H?i Phòng yesterday to launch the first-ever National Week for Natural Disaster Preparedness and Control.
— Viet Nam Net

VN shares rise despite global losses
The escalation of the US-China trade war continued to cast a shadow over global markets on Tuesday, but Vietnamese shares still posted gains.
— Viet Nam News

Vietnam, Nepal ink visa exemption pact, direct flights loom
Vietnam and Nepal have signed a visa exemption pact and are set to start direct flights soon.
— VnExpress

Vi?t Nam aquaculture has room to improve
Vi?t Nam’s seaculture area is set to reach 270,000ha with expected marine production of 750,000 tonnes by 2020.
— Viet Nam News

VIETBABY to be held in HCMCity
The international exhibition on products and services for maternity, mothers and children and kids, VIETBABY 2019, will be held in HCM City from May 30 to June 2, with the participation of more than 150 local and foreign exhibitors.
— Viet Nam News

VN cosmetics market’s shining potential
The Vietnamese cosmetics market has grown strongly in recent years given the rapid economic growth and large young population, the Viet Nam Association of Essential Oils, Aromatherapy and Cosmetics has said.
— Bizhub

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This week’s Vietnam morning news photo features World Telecommunication and Information Society Day , May 17.

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