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The weaknesses of Vietnam agriculture

Startups in the agriculture sector are focusing on making products and ignoring projects on seed production.

La Nina appears but will not have strong impact: expert

VietNamNet Bridge - La Nina has returned this year but it won’t have a strong impact, according to the Central Hydrometeorological Forecasting Center.

JLL: HCMC demand for office space continues to outpace supply

 Thu Thiem new urban area now considered a viable alternative to existing CBD for company head offices, JLL reports.

Ministry proposal on full-time, in-service training stirs controversy

VietNamNet Bridge - Under a draft law on higher education, the kind of training undertaken by a student would not be shown on bachelor degrees. 

Strong second half of year results in big trade surplus

 Vietnam has enjoyed a record 11-month trade surplus, reflecting a strong second half of the year in firms’ export-import performance.

$1bn price tag on extensions to HCMC's Metro Line 1

 Extensions to Dong Nai and Binh Duong to cost $943.7 million, according to Japanese research.

US launches project to improve Vietnam’s disaster preparedness

VietNamNet Bridge - US Ambassador to Vietnam Daniel J. Kritenbrink today launched Phase II of the Enhanced Capacity of the Vietnam Red Cross (VNRC) project.  

Huawei appoints new Vietnam CEO

 As a veteran in the information and communications technology (ICT) business, Mr. Fan will be responsible for the company’s day-to-day business operations, ensuring that Huawei meets its commitment to delivering ICT products and solutions in Vietnam.

Thai Beverage bids on 25 percent of Sabeco

 Thai Beverage has emerged as the only investor that intends to buy more than 25 per cent of Vietnam’s leading brewery Saigon Beer.

More Chinese investors relocate manufacturing to Vietnam

 Chinese investors are looking to relocate manufacturing to Vietnam to avail themselves of the country’s favourable investment conditions.

Remittances to hit $5.2 billion this year

 Overseas remittances to Ho Chi Minh City is expected to total 5.2 billion USD this year, up 4.5 percent year-on-year, said an official of the State Bank of Vietnam (SBV).

Vietnamese electronics industry in desperate need

 The Vietnamese electronic supporting industry is considered too weak to access the global supply chain. Without linkages and collaboration, Vietnamese businesses will lose their market share.

Travel firms run race to sell tours to US

VietNamNet Bridge - Traveling the US has become more realistic as travel firms have slashed tour fees.

Facebook online seller pays VND9.1bn tax arrears

 The Ho Chi Minh City Taxation Department has collected VND9.1bn (USD400,100) in tax arrears from a Facebook account that sells cosmetics online.

Watchdog gives nod to Mobile World-Tran Anh M&A

The Competition and Consumer Protection Department has given the go-ahead for the merger and acquisitiondeal between the two largest local electronic retailers – Mobile Worldand Tran Anh Digital World.

Garment, textile sector still strong

Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too.

Seafood turnover expected to hit $8.3b

 Viet Nam’s seafood export turnover is expected to reach US$8.3 billion this year, posting an 18 per cent increase over 2016, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

VN coffee industry has huge potential: seminar

 The Vietnamese coffee industry has great potential to develop considering the size of the global market and the country’s small share in it, according to the Ministry of Agricultural and Rural Development.

Government to sell 53.59-percent stake in Sabeco

 The Ministry of Industry and Trade (MoIT) is taking steps for the sale of 53.59 percent of its stake, equivalent to nearly 343.7 million shares, in the country’s largest brewery Saigon Beer, Alcohol and Beverage Corporation (Sabeco).

Three PetroVietnam subsidiary IPOs in three months

 Three big companies of PetroVietnam will make their initial public offerings (IPOs) in the next three months, under equitisation plans approved by Deputy Prime Minister Vuong Dinh Hue late last week.