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Update news Vietnam breakin

VN's maritime cargo shipping sees positive growth in first half of 2018

 Cargo shipping has seen positive growth in the first six months of the year, with 254.8 million tonnes handled via the country’s seaports, up 17 percent on last year.

Impacts of US-China trade war on Vietnam’s garment, footwear industries

Vietnam’s key commodities, including apparel, leather, and footwear, are forecast to be hurt by the US-China trade war, which began on July 6 when the US imposed new tariffs on a majority of Chinese imports into the country.

HCM City woefully short of luxury hotels to meet soaring tourism demand

 HCM City’s hotel market, especially the luxury segment, is attractive to investors due to the relentless rise in tourist numbers.

Phones and electronics overtake textiles as VN's biggest export earners

 Mobile phones/phone components, and computers/electronics/accessories have overtaken textiles and garments as the nation’s biggest export earners.

PV Power proposes 65 UScents of starting price for strategic share sale

Vietnam’s second largest electricity producer, PV Power has submitted to PetroVietnam, which holds a majority stake in PV Power, the starting price of VND14,900 ($0.65) for its auction of 676 million shares to strategic investors.

Low quality, lack of brand names remain biggest barriers to tea exports

Vietnam’s tea export dropped both volume and value in the first four months of 2018 despite price hike. 

Finance Ministry proposes major cuts to business requirements

 Minister Dinh Tien Dung has proposed abolishing and simplifying more than half of the 370 business requirements under his Ministry of Finance (MOF) as part of a government-wide effort to improve the business climate in Vietnam.  

Revocation of $3.2 billion Vung Ro refinery places residents into limbo

 The revocation of $3.2 billion Vung Ro refinery and petrochemical complex not only broke locals’ dreams of a stable life, but also made their lives uncertain.   

19,800 Vietnamese enterprises involved in National Single Window Portal

As many as 26,693 electronic C/O form D (e- C/O form D) were implemented on ASEAN Single Window from January 1 to March 15, 2018, according to statistics from the General Department of Viet Nam Customs. 

Vinacomin and EVN protest Geleximco-HUI’s thermal power plants proposal

 State-run Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) and Electricity of Vietnam (EVN) protested against Geleximco’s proposal to co-operate with Chinese partners to develop billion-dollar thermal power plants.

US antidumping duties on Vietnam’s frozen fish fillets unfair: Ministry

Vietnam’s frozen Tra fish fillets will be subject to antidumping duties of 2.39 – 7.74 USD per kilogramme from the United States, according to a US decision which the Ministry of Industry and Trade claimed unfair.

We have gained growth momentum for coming 5-10 years: Planning minister

 Planning and Investment Minister Nguyen Chi Dung tells Thoi bao kinh doanh that the high spirits engendered by 2017’s impressive gains will spur socio-economic development this year and beyond.

VN players to compete at Thailand Masters

 Vietnam’s strongest male badminton players will compete at the Princess Sirivannavari Thailand Masters which is scheduled for January 9-14 in Bangkok.

Facebook helps small businesses increase sales, attract customers

 Sheryl Sandberg, Facebook’s chief operating officer, met with small business owners who are using the social network to grow their business in Viet Nam and internationally on the sidelines of APEC Summit 2017 in Da Nang.

HCM City wants investment in transport infrastructure, hi-tech industry

HCM City prioritises investment in green hi-tech industries, urban development and transport infrastructure, said Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen at an investment promotion conference held in the city on October 11.

Ministry of Industry and Trade to reduce two-thirds of admin procedures

 The Ministry of Industry and Trade (MoIT) will complete the reduction of administrative procedures in the third quarter of the year, with two-thirds out of 443 being removed.

Nguyen Van Phuong, sole Vietnamese in HCM City’s Junior Circuit’s singles

 Nguyen Van Phuong of Viet Nam advanced to the quarter-finals of the ITF Junior Circuit – HCM City yesterday.

US investigates Samsung and LG washing machines manufactured in Vietnam

 Washing machines manufactured in Vietnam by Samsung and LG and exported to the US are being investigated due to signs of dumping.

Vietnamese & German firms sign cooperation agreements worth over $1.7bn

 During the Vietnam-Germany Business Forum held in Berlin on July 6, Vietnamese and German enterprises signed 28 cooperation agreements worth over $1.7 billion.

Right approach necessary for private sector to drive Vietnamese economy

 The best approach to grow the Vietnamese economy is to create a level playing field in all sectors. For the private sector to become a driver of the economy, several macro- and microeconomic preconditions need to be met.