Vietnam Morning News For August 9

Vietnam Morning News For August 9
Estimated Reading Time: 5 minutes |

Vietnam morning newsAuto sale down 6 percent in seven months
The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on August 8.
— VietnamPlus

Vietnam Defends Uber’s 2 Percent Tax, Rejects Taxi Complaints
Uber’s travails in the U.S. and Europe haven’t followed the company to Vietnam, where the government has defended the company and rejected a plea from taxi companies for lower taxes to compete with their American rival.
— Bloomberg BNA

Vietnam fruit & veg export value could reach $3B
Vietnam’s vegetables and fruits by mid-July continued to enjoy a rosy export growth, boding well for the export revenue of 3 billion USD for the whole year as forecast.
— Fresh Plaza

Japanese firms eye Vietnamese market
Japanese companies are focused on the Vietnamese market and seek wider, deeper co-operation with Vietnamese firms, Eiichi Tani from SME Support Japan said in Hà N?i on Monday.
— Viet Nam News

Vietnam launches derivatives market
Vietnam’s derivatives market will be officially launched on Aug 10, the Hanoi Stock Exchange said on Tuesday, with stock futures contracts the first to begin trading.
— Bangkok Post

Vietnam: Lemongrass crosses borders to reach Europe
This herb, considered a vegetable in Asia, Africa, Australia and the tropical islands, is beginning to be included in the Asian recipes that are prepared in Europe.
— Fresh Plaza

Harsh sentence for blogger may haunt Vietnam’s environmental movement
On April 6, 2016 dozens of tons of dead fish began washing ashore along Vietnam’s central coast. The phenomenon continued through the month, turning into what is considered the largest environmental disaster in the country’s history.
— Eco-Business

DAP fertiliser prices rise sharply
Although the temporary safeguard tax on imported DAP fertiliser is effective from August 19, the market price of this product has already increased sharply by a range of VNÐ1.5 million-VNÐ1.9 million (US$66-84) per tonne.
— Viet Nam News

VSA urges steel import controls
The Vietnam Steel Association (VSA) is calling on the Government to maintain a series of quality and management controls in the steel industry since trade fraud in steel imports is still high.
— VietmnamPlus

Ethnic people in Kon Tum favour large-scale production
In a remote commune populated by Xe Dang ethnic group in the Central Highlands province of Kon Tum, many villages have become prosperous by creating large fields for modern farming.
— VietnamPlus

Convenience stores are the new shopping craze
Last week, the Republic of Korea (ROK)’s GS Retail announced plans to launch the first GS25 convenience store in Ho Chi Minh City this year. GS Retail and SonKim Group established a joint venture last month.
— VietnamNet Bridge

VPBank to list on HoSE
The Ho Chi Minh Stock Exchange (HoSE) approved the registration for listing of VPBank shares on August 8, with the lender most likely to follow its plan of debuting on the country’s main bourse in the third quarter under the “VPB” ticker.
— Vietnam Economic Times

Sabeco to launch first high-end beer in August
The Saigon Beer Alcohol and Beverage Corp. (Sabeco) will launch its first ever high-end beer product in August, to tackle the heated competition with local and foreign brewers in Vietnam, Chairman Mr. Vo Manh Ha told its extra-ordinary shareholders meeting on August 8.
— Vietnam Economic Times

Angel investors still not keen on Vietnam’s startups
Nguyen Ky Phung, deputy director of the HCMC Science & Technology Department, said that one of the most important factors which measures the success of startups is whether they can call for investment capital. In HCMC, while the startup movement has been developing strongly, capital from angel investors remains small.
— Vietnam Net Bridge

Angel investors still not keen on Vietnam’s startups
Nguyen Ky Phung, deputy director of the HCMC Science & Technology Department, said that one of the most important factors which measures the success of startups is whether they can call for investment capital. In HCMC, while the startup movement has been developing strongly, capital from angel investors remains small.
— VietnamNet Bridge

Saigon’s food waste piles up to alarming levels
Vietnam’s street food heaven has trouble finding space to dump organic waste, and it’s not simply a matter of leftovers.
— VnExpress (video)

55 million passengers fly into Vietnam’s airports in first 7 months
Airports across the country served more than 55 million passengers during the first seven months of this year, figures from the Civil Aviation Authority of Vietnam revealed.
— VnExpress

U.S. aircraft carrier to visit Vietnam next year – Pentagon
A U.S. aircraft carrier will visit Vietnam next year, the Pentagon said in a statement on Tuesday, in a sign of improving relations between the two countries.
— The Star Online

China, Vietnam meeting cancelled amid South China Sea tensions
A scheduled meeting between the foreign ministers of China and Vietnam was cancelled on the sidelines of a regional gathering, Chinese embassy officials said, amid growing tension between the two countries over the South China Sea.
— Kashmir Monitor

 

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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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