Morocco willing to share sustainable energy experience, 1H FDI disbursement at $8.37 bn, Local demands swell animal feed production and IT application, PVEP surpasses oil and gas exploration, financial targets

VietNamNet Bridge - Vietnam is still the Number 1 cashew exporter in the world with 65 percent of market share, but cashew companies are facing problems such as lack of raw materials.

VietNamNet Bridge - A conventional wind turbine (> 1 MW) comprises 8,000 components, many of which Vietnam could manufacture.  

VietNamNet Bridge - Under the national power development plan in 2011-2020 (seventh plan) approved by the Prime Minister in 2016, a series of coal-fired power plants will be built in the Mekong Delta.

VietNamNet Bridge - Scientific research remains one of the weakest points of Hanoi and HCMC National Universities, which appeared in the QS 2019 ranking.

 Banks expect a buoyant profit picture in the first six months of this year in the wake of positive credit growth and rising incomes from the services segment.

 The Vietnamese Embassy in the Czech Republic has expressed deep concern about the remark on Vietnam made by Lubomir Zaoralek, Chairman of the Czech Chamber of Deputies’ Foreign Affairs Committee, at the committee’s meeting on June 21.

 Deputy Prime Minister Vuong Dinh Hue on July 3 visited Sao Paulo, the largest financial and industrial hub of Brazil and the North American region, as part of his ongoing visit to Brazil.

 The mid-term Vietnam Business Forum (VBF) 2018, themed “Linkage between domestic and FDI businesses – Partnership for mutual benefit”, opened in Hanoi on July 4. 

Ca Mau Province is organizing a familiarization trip, titled, “Study on Ca Mau’s tourism destinations,” to introduce local tourism spots to tourists.

 ASEAN nations have agreed with Viet Nam’s proposals on the contents and topic of the annual ASEAN Tourism Forum (ATF 2019). 

 Nine new laws will become effective on July 1, 2018, including the Law on Public Debt Management; Law on amendments and supplementations to some articles of the Law on Overseas Representative Missions of the Socialist Republic of Vietnam.

 L’Usine is hosting "Water is Life" art exhibition by New York-based artist Sto Len at its outlet on Dong Khoi Street and “Season Energeia” exhibition by Japanese artist Yohei Yama at L’Usine Le Thanh Ton. 

 Facebook is retiring three apps, blaming low user numbers. One, an anonymous social media app aimed at teenagers called tbh, is less than one year old.

The central bank will absolutely intervene in the forex market if problems with demand and supply affect macroeconomic stability, the governor of the central bank, Le Minh Hung, said.

The Vietnam Competition Authority has reviewed a consulting application regarding the potential monopoly created by local paper firm Saigon Paper and Japan’s Sojitz, concluding that the acquisition does not violate anti-trust law.

FPT Software has received approval of the Ministry of Transport, via a statement, to deploy an autonomous vehicle test in Saigon Hi-Tech Park, according to FPT’s website.

Vietnam and Brazil have struck a bilateral agreement on air transport, facilitating future cooperation between their airlines. The signing took place on July 2 while Deputy PM Vuong Dinh Hue was visiting Brazil.

Manzi Art Space will present a series of new works entitled “The Age after Divinity” by Hanoi-based surrealist Nguyen Manh Hung, whose playful, irony-laden work has been turning heads in the contemporary art scene of Vietnam.

 Despite keen interest in traffic infrastructure development projects in Vietnam, Japanese investors are unlikely to participate in public-private partnership (PPP) projects without minimum revenue guarantees.