Vietnam morning news for August 3

Vietnam morning news for August 3

Vietnam morning newsBamboo Air Set To Disrupt Vietnam’s Busy Airspace
Bamboo Airways, a new airline in Vietnam launched by property developer FLC Group, is set to compete in one of Southeast Asia’s busiest aviation markets, aiming at operating 37 domestic routes after its inaugural flight in October this year, Bloomberg News wrote.
— Investvine

Gas-to-power projects attract global energy giants
Giant corporations from the US, Switzerland and France are rushing into Vietnam to invest in promising liquefied natural gas-to-power projects, raising the question whether Vietnam’s gas sources and infrastructure will be up to the task of meeting the demand.
— VietnamNet Bridge

Foreign firms rush to Vietnam’s automobile industry
The government’s policies to promote the local automobile manufacturing and related supporting industries have attracted a huge foreign investment wave in the country in the first half of this year.
— The Hanoi Times

Compressed natural gas-powered buses launched in Hanoi, Vietnam
A compressed natural gas-powered bus runs on a road in Hanoi, Vietnam, Aug. 1, 2018. Vietnam’s capital Hanoi on Wednesday launched three routes of buses which use compressed natural gas (CNG) for the first time.
— Xinhua

Vietnam gov’t won’t change monetary policy course this year: PM
Stabilizing foreign exchange and inflation rates is considered as key objectives of the government at the moment.
— The Hanoi Times

Vietnam, Thailand discuss ways to achieve 20 billion USD in trade
The third meeting of the Vietnam-Thailand Joint Trade Committee opened on August 2 in Hanoi to enhance bilateral economic and trade cooperation.
— VietnamPlus

Procedures get cut to boost trade
In an effort to improve the business environment, the Vietnamese government is accelerating the implementation of the National Single Window and the ASEAN Single Window to boost trade within ASEAN.
— VietnamNet Bridge

Exchange rate ‘under control’ assures State Bank of Vietnam
The dong has fallen against the U.S. dollar with the exchange rate hitting the lowest in years, but the central bank said the rate is “under control.”
— VnExpress

Aquatic product export expected to rise 13 pct in Q3
Export revenue of aquatic products is estimated to hit 2.7 billion USD in the third quarter, a 13 percent rise year-on-year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
— VietnamPlus

Officials: Ship from T&T arrived in Vietnam with US$35M in cocaine
Vietnamese officials are investigating after a ship which originated from Trinidad and Tobago and arrived in Vietnam was found with approximately $35 million worth of cocaine hidden in a container of scrap metal.
— Loop

Just one fifth of Vietnam state-owned firms go public post-privatization
Deputy Prime Minister Vuong Dinh Hue has urged ministries and provinces to speed up the process of going public for SOEs post-equitization.
— The Hanoi Times

British Council in Vietnam Announces 2018 IELTS Prize Winners
Three outstanding IELTS test takers in Vietnam have been selected as local prize winners of the British Council IELTS Prize 2017/18.
— AEC News Today/ PR Newswire (media release)

US Citizen Michael Nguyen Confirmed Detained in Vietnam
A U.S. citizen of Vietnamese ethnicity missing since earlier this month has been confirmed held by Vietnam’s government, a member of his family said Thursday, calling his detention a violation of international law and demanding his immediate release.
— Radio Free Asia

Relevant authorities to report on Vietnam’s arms deal with US
Vietnam’s Foreign Ministry spokeswoman on Thursday neither confirmed nor denied reports of a $94.7 million arms deal with the U.S.
— VnExpress

China-constructed urban railway in Vietnam starts final test runs
Inside the China-made train, there are designated areas for people with mobility disabilities, elderly, pregnant women and children.
— The New Times

VN jumps in WB’s logistics performance index
Viet Nam’s position on the Logistics Performance Index (LPI) in 2018 has risen 25 places compared to two years ago, jumping to 39th among 160 surveyed countries.
— Bizhub

Vinamilk produces the first A2 milk in Vietnam
Vietnamese dairy company Vinamilk said its first A2 dairy cows imported from New Zealand have started producing the first A2 milk at the Thong Nhat dairy farm in Thanh Hoa.
— Dairy Reporter

SBV’s forex policy aimed for macroeconomic stability
The State Bank of Viet Nam (SBV)’s exchange rate policy was aimed at ensuring macroeconomic stability, not just export growth, said Nguyen Thi Hong, the bank’s deputy governor.
— Bizhub

Foreign investors bail on Vinalines sale
Despite interest from many international corporations ahead of the equitisation, the long-awaited race to become a strategic investor in state-run shipping giant Vinalines turned out to be less fierce than expected, with only one South Korean conglomerate registering for the deal.
— VietnamNet Bridge

Authorities slap social media profiteers with tax bill
The HCM City tax department said it has served a tax notice and slapped a fine on an individual together amounting to VND4.1 billion (US$178,000) for failure to pay tax on incomes received from foreign companies in the last two years.
— Bizhub

Trina supplying Mono PERC solar modules to 258MW Vietnam project
Silicon Module Super League (SMSL) member Trina Solar will provide 258MW of its monocrystalline PERC double glass modules to one of the largest private solar PV projects in Vietnam and what is claimed to be the first hybrid wind and solar farm in the country.
— PV-Tech

PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation
A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31.
— VietnamPlus

VN leads PMI rankings
Viet Nam maintained its lead in the ASEAN Manufacturing Purchasing Managers’ Index (PMI) rankings, registering another solid improvement in its goods-producing sector in July, the latest survey from Nikkei’s IHS Markit revealed on Wednesday.
— Bizhub

Vietnam inflation forecast to exceed c.bank’s 4% target: HSBC
HSBC expected the SBV to react proactively, hiking its policy rate moderately by 25 basic points in the third quarter this year to curb inflationary pressures and inflation expectations.
— The Hanoi Times

VN, Japan firms seek connection in agro-fishery, food trade
A business networking programme for Vietnamese and Japanese businesses in agro-fishery and food sectors took place in Hanoi on August 2.
— VietnamPlus

Vietnam enhances protection of rare sea turtles
Rare Vietnamese marine turtles are critically threatened due to illegal hunting, despite the animals having the highest level of legal protection, Vietnam News Agency (VNA) reported, citing Education for Nature – Vietnam (ENV).
— Borneo Bulletin

 

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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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