Vietnam Morning News For August 4

Vietnam Morning News For August 4
Estimated Reading Time: 5 minutes |

Vietnam morning newsVN farm exports have big potential
As an important trading with a strong agriculture sector, Vi?t Nam has great potential to become a strategic exporter of agricultural products to the Republic of Korea (RoK), Hong Sun, vice chairman of the Korean Chamber of Business in Vi?t Nam, tells Vi?t Nam News reporter Nguyen Phuong Thao
— Viet Nam News

Vietnamese shrimp exporters struggle to compete in US
The US Department of Commerce (DOC) has announced its decision to adjust antidumping duty on Vietnamese shrimp exported to the US between February 1, 2013 and January 31, 2014 from 1.16 percent to 1.42 percent.
— VietnamPlus

Repsol suspends oil project in disputed sea off Vietnam
Spanish oil giant Repsol said it has suspended a multi-million-dollar oil exploration project in an area of the South China Sea off Vietnam claimed by both Hanoi and Beijing, amid reports of a spike in tensions between the communist neighbours.
— The Business Times

Processed food could be next big money-earner for Vietnam
Nguyen Minh Chau, former director of the Southern Southern Fruit Institute, said he was excited about the news that chocolate products made in Vietnam have been recognized as one of the best in the world, competing with those from Belgium, Switzerland and Germany.
— VietnamNet Bridge

Kidnapping makes Vietnam persona non grata in Germany
A Vietnamese asylum-seeker who fled his country last year after allegedly causing a state-owned petroleum firm to lose almost US$150 million was kidnapped by Vietnam’s secret service on the streets of Berlin, the German foreign ministry said yesterday.
— Asia Times

Rubber enterprises earning high profits
Many rubber enterprises reported big profits in the first seven months of this year, thanks to export rubber prices rising 49 per cent compared to the same period last year.
— Vietnam Economic Times

Electrical substation fire hits Samsung Galaxy Note 8 production plant in Vietnam
The electrical substation responsible for powering a Samsung smartphone production complex in northern Vietnam caught fire on Wednesday, slowing the South Korean electronics giant’s manufacturing operations as it gears up for the upcoming launch of its flagship Galaxy Note 8.
— Tuoi Tre

HCM City set to host food, beverage, packing machinery expo
The 21st annual VietFood, Beverage and Professional Packing Machines expo will be held in HCM City from August 9 to 12.
— Viet Nam News

Vietnam develops an appetite for booking trips by phone
Travel expenditure in Vietnam will rise rapidly due to increasing disposable incomes and growing middle-class affluence.
— VnExpress

PV Oil misses IPO schedule again
At a conference in April, PV Oil considered launching its IPO in late June, as announced on its official news website, PV Oil News.
— VietnamNet Bridge

Draft law doubles foreigners’ realty ownership terms in Vietnam
If passed, the new law will give foreigners a 99-year lease for properties in special economic zones.
— VnExpress

First South Korean convenience store chain set for launch in Vietnam
GS Retail selected Vietnam ahead of China and other Southeast Asian countries for it first foreign venture.
— VnExpress

Sendo collaborates with Google on online advertising service
E-commerce platform Sendo.vn has announced it is collaborating with Google to digitise and offer automatic online advertising service Shop Ads to 120,000 merchants on its marketplace.
— Viet Nam News

Another investor plans out solar power project in Hau Giang
The ASEAN Energy Joint Stock Company is planning to build a one-billion USD solar power plant on a 200-hectare area in the Mekong Delta province of Hau Giang.
— VietnamPlus

SunCity Group to acquire casino project
Goal Summit Ltd., a subsidiary of casino junket operator the SunCity Group, is set to acquire a 34 per cent stake in a casino project in central Quang Nam province.
— Vietnam Economic Times

Asia Coffee-Tight supply keeps markets quiet in Vietnam, Indonesia
Trade in Vietnam’s coffee market took a hit on a lack of quality beans at the end of the crop season, while growers in Indonesia held on to stocks, traders said, keeping supply tight in Asia’s top two coffee exporters.
— Time of India

Vietnam wins bulk of NFA rice import order
THE National Food Authority (NFA) has awarded contracts for the supply of 250,000 metric tons (MT) of rice mostly to suppliers from Vietnam, with the shipments intended to supplement buffer stocks for the lean season.
— Business World Online

Germany blasts Vietnam over ‘kidnap’ of former oil executive
The German government accused Vietnamese intelligence services of involvement in what it called the kidnapping in Berlin of a former Vietnamese oil executive, and gave the country’s intelligence attache 48 hours to leave Germany.
— The Journal Gazette

​Leaders of Vietnam chemical giant held responsible for violations at loss-making projects
The Vietnam National Chemical Group (Vinachem) has been opperating four unsuccessful projects in provinces throughout the country, causing combined losses worth trillions of dong (VND1 trillion = US$44.1 million).
— Tuoi Tre

EU investigates hand pallet trucks from VN
The European Commission has investigated the import of hand pallet trucks and their parts from Viet Nam, which allegedly originate in China.
— Bizhub


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Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.

 

 

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Sreypov Men

Sreypov Men

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
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