Vietnam morning news for August 17

Vietnam morning news for August 17

Vietnam morning newsVietnam sees 63% advance in exports in 7M18
Vietnam’s cement and clinker exports surged 63.2 per cent to 17.65Mt and 73 per cent to US$656.3m in the first seven months of 2018, according to the country’s General Department of Customs.
— Cemnet

Vietnam’s public debt rises to $1,500 per citizen
Vietnam’s per capita public debt is set to rise to $1,500 this year, a new government report says.
— VnExpress

Vietnam sentences activist to 20 years prison amid dissent crackdown
A court in northern Vietnam on Thursday sentenced an activist to 20 years in prison after he was convicted in a one-day trial of attempting to overthrow the state, his lawyer said.
— Channel NewsAsia

Finding strategic shareholders after IPO challenges businesses
After successful initial public offerings (IPO), many state-owned enterprises (SOEs) have still failed to sell stakes to strategic shareholders, mainly due to regulations on foreign ownership cap and time of shareholding.
— The Hanoi Times

Growth of exports to China slows down
Vietnamese exports to China have slowed down after two years of spectacular growth, due to changes in the strategies of foreign-invested enterprises and Chinese demand, according to Saigon Securities Incorporation (SSI).
— Bizhub

US-China Trade War Will Hit Vietnam the Hardest in Southeast Asia: Report
The US and China’s tit-for-tat moves could wreak havoc on many economies in Asia.
— Saigoneer

Vietnam’s monthly trade value reaches all-time high in July
Vietnam`s export-import turnover in the first seven months of 2018 was higher than that of the whole year of 2013, stated General Department of Vietnam Customs (GDVC).
— The Hanoi Times

Viet Nam: Authorities must investigate alleged torture and ill-treatment of concert-goers by police
Viet Nam’s authorities must immediately investigate allegations that a group of activists were attacked and severely beaten by police officers while attending a private performance of pre-Communist era songs in Ho Chi Minh City yesterday, said Amnesty International.
— Amnesty International

Trade war could benefit Vietnam in long run: FT, VinaCapital
Vietnam is among the most vulnerable economies to the ongoing US-China trade war, but trade tensions could also bring benefits to the country in the longer run.
— The Hanoi Times

Tesla battery maker eyes investment in HCM City
The project is expected to have an investment of US$500 million, according to the head of Saigon Hi-tech Park (SHTP).
— The Hanoi Times

VASEP rejects false news on tra fish in Romania
The Vietnam Association of Seafood Exporters and Producers (VASEP) on August 15 published an article on its website saying inaccurate information about Vietnamese tra fish on several Romanian websites could affect Vietnam’s tra fish exports to this market.
— VietnamNet Bridge

Vietnam mobilizes troops, warns of floods as tropical storm nears
Vietnam put thousands of soldiers on standby, readied evacuation plans and ordered vessels to stay in port on Thursday as flood-prone northern provinces braced for a tropical storm due to make landfall on Friday.
— Channel NewsAsia

[Photos] A Rare Aerial Perspective of Saigon in the 1920s
Thanks to the prevalence of photographic drones, nowadays it’s a cakewalk to source aerial photos of Vietnam with just a simple internet search.
— Saigoneer

Certificates of origin go digital
Vietnam has expanded the exchange of electronic certificate of origin (e-C/O) to aid trade activities.
— VietnamNet Bridge

Asia Rice: Dip in Indian rates on rupee weakness dulls Vietnam offers
Rice export prices in India fell this week as the rupee weakened, with the drop in rates from the top exporter also weighing on demand for the Vietnamese variety.
— Reuters

Indirect investment aims at Vietnamese real estate
Singaporean indirect investments into promising Vietnamese sectors currently exclude the local finance and banking sectors while others including real estate are seeing prospects.
— VietnamNet Bridge

International Real Estate Conference to be held in Vietnam for first time
The International Real Estate Conference (IREC 2018) is scheduled to be held in Vietnam for the first time, stated the Vietnam Real Estate Association at a recent press briefing.
— Nhan Dan Online

Vietnam aims to facilitate agriculture investment
In a bid to revitalise the agricultural sector, Vietnam aims to introduce more effective policies with the goal of spurring agricultural development, which is expected to attract more investors into the sector.
— VietnamNet Bridge

Vietnam should take action to prevent external economic shocks
The global economy is becoming uncertain and unpredictable while the Vietnamese economy is increasingly open in terms of capital flows, trade and prices.
— Nhan Dan Online

Vietnam among 25 best places for retirement
Preparing for old age overseas? Check out Vietnam, which has made it to the top 25 places for retirement in 2018.
— VnExpress

Merger of two biggest fertiliser firms considered
PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.
— VietnamPlus

SoftBank Ventures Korea and others invest $51 million in Vietnam E-commerce site Sendo
Sen Do Technology JSC (Sendo), the #1 Vietnamese C2C marketplace, today announced that it has secured an investment of USD 51 million led by the SBI Group from Japan for Series B round, having SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures as new investors.
— Business Insider

UNICEF project helps promote children’s rights in Vietnam
The United Nations Children’s Fund (UNICEF) will help Vietnam build a legal environment with comprehensive policies which are able to protect children and ensure their rights through the “Protecting and Promoting the Rights of Children in Vietnam” project, launched in Hanoi on August 16.
— VietnamPlus

Top Thai brands exhibition opens in Hanoi
An exhibition featuring the “Top Thai Brands” opened at the International Centre for Exhibition in Hanoi on August 16.
— Nhan Dan Online

PPP agri-groups called to build effective cooperation mechanism
Working groups under the public-private partnership (PPP) format for agriculture products should build an effective cooperation mechanism in order to develop the market, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh said at an annual meeting of the group in Hanoi on August 16.
— VietnamPlus

Vietnam urged to curb negative impacts of FDI inflow
Vietnam should consider the unhealthy implications of the large role that FDI plays in the national economy, economists say.
— VnExpress

Regional countries discuss digital technology
The growth of digital technology for inclusive and sustainable economic development is a top priority for Cambodia, Laos, Myanmar, Thailand and Việt Nam (CLMTV).
— Bizhub

 

Feature photo Travis Hawk

 

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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 recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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