Vietnam morning news for August 8

Vietnam morning news for August 8

Vietnam morning newsVietnam to invest US$645 million in road and railway projects
The Standing Committee of the National Assembly has approved a VND15 trillion (US$645 million) budget for four railway upgrading and 10 road projects, according to the government portal.
— The Hanoi Times

Challenges facing Việt Nam in ensuring energy security
Việt Nam needs an enormous amount of energy to feed its development, but relying on coal and hydropower is not the answer, and with new measures still at an early stage, experts are concerned about the future.
— Viet Nam News

Vietnam Electricity to divest stakes at 5 companies
Vietnam Electricity (EVN) set priority to divest and equitize its subsidiaries in the remaining months of 2018, stated the electricity firm on its website.
— The Hanoi Times

VN registered aircrafts total 174
The number of aircraft registered as Vietnamese reached 174 as of the end of July 2018, up by 14 compared with the figure in the same period last year, according to the Civil Aviation Administration of Vietnam (CAAV).
— Viet Nam News

Vietjet again tops list of biggest taxpayers in Vietnam
Vietjet has topped the list of the 100 biggest taxpayers in Vietnam in 2017, marking the carrier’s second consecutive year at the head of the list.
— The Nation

Thailand’s SCG signs loan agreements worth $3.2b for Vietnam petrochemical project
Thai industrial conglomerate Siam Cement Group (SCG) has signed loan agreements worth over $3.2 billion with six financial institutions to develop Vietnam’s first fully integrated petrochemical-complex project.
— DealStreetAsia

Vietnam restructures public security ministry
Vietnam’s Ministry of Public Security has undergone a major restructuring, with six general departments scrapped and several divisions merged.
— VnExpress

AirAsia unveils fifth route to Vietnam
AirAsia Bhd has unveiled its fifth route into Vietnam yesterday, as the low-cost carrier launched its direct flight from Kuala Lumpur to Phu Quoc, Vietnam.
— The Star Online

Biggest Vietnam Oil Refinery Boosts Output After Defects Fixed
The biggest oil refinery in one of Asia’s fastest-growing economies is ramping up production and expects to run at full capacity in September after a 16-month delay due to faulty construction, its general director said.
— Bloomberg

Vietnam, Thailand strengthen political and security cooperation
Minister of Public Security, Sen. Lieut. Gen. To Lam, hosted a reception in Hanoi on August 6 for Secretary-General of the National Security Council (NSC) of Thailand Gen. Wanlop Rugsanaoh, who is also head of the Vietnam-Thailand Joint Working Group (JWG) on politics and security.
— Nhan Dan Online

Vietnam Prison Authorities Threaten Jailed Female Protesters Who Seek Appeal
Authorities at a prison in Vietnam’s Bien Hoa province are threatening female protesters who seek to appeal the jail sentences they were handed last month for their roles in a rare, large-scale demonstration over two controversial government policies, their lawyer said Tuesday.
— Radio Free Asia

State to help Vietnam in quality seed production
A high-level official delegation from Vietnam has requested Telangana State Seed and Organic Certification Organisation’s (TSSOCA) cooperation in the production and storage of quality seed as also in getting the membership of International Seed Testing Association (ISTA) and Organisation for Economic Cooperation and Development (OECD).
— The Hindu

Foreign-invested auto firms make a U-turn in Vietnam
Leading auto firms are embarking upon domestic production, reversing from a planned shift to imports.
— VnExpress

More organic products needed to boost agro exports to EU
Experts have recommended that Vietnamese firms develop organic products for export to the EU, considering it a measure to boost the shipment of farm produce to this demanding market.
— Nhan Dan Online

Small and medium-sized enterprises development fund to finance start-ups
Deputy Prime Minister, Vuong Dinh Hue, has suggested that the small and medium-sized enterprises (SMEs) development fund will provide credit to start-up enterprises and SMEs participating in value chains.
— Nhan Dan Online

Hanoi exempts fees for household businesses being converted into enterprises
Household businesses in Hanoi that are filing to become enterprises will be exempt from registration fees from August 1 to December 31, 2018, according to the city’s Department of Planning and Investment.
— Nhan Dan Online

VN faces volatile foreign capital inflow
Although the direction of foreign capital inflow is becoming increasingly unpredictable due to many external factors, experts say that Viet Nam is still an attractive destination for foreign investors.
— Bizhub

Joint effort needed to help SMEs access capital: VCCI
Over the last 30 years, capital has been playing a key role in the development of SMEs, said Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry (VCCI).
— The Hanoi Times

Seven-month State budget collection up 13.4 percent
Revenue to the State budget totaled 775 trillion VND (over 32.2 billion USD) in the first seven months of this year, equivalent to 58.7 percent of the yearly estimate and up 13.4 percent year-on-year, said the Ministry of Finance on August 7.
— VietnamPlus

EVFTA gives advantages to Vietnamese agricultural products
Vietnam will become one of the leading exporters of agricultural products to the EU market as soon as the EVFTA is signed.
— The Hanoi Times

New Silkroutes Group in JV to expand dental care services to Vietnam
New Silkroutes Group (NSG) is establishing a network of dental facilities and dental clinics in Vietnam — with some help from a local partner.
— The Edge Markets

Vietnam and South Korea trade link
VIETNAM’S seafood producers – in both the farmed and wild caught sectors – are moving towards a policy of closer co-operation with South Korea, a country constantly seeking new trade links in fish.
— Fish Update

Vietnam’s sand rush, insatiable demand for sand threatens land, livelihoods
Mr Nguyen Van Huy watched as his home started to collapse into the river.
— The Straits Times

VinaCapital ceases investment in poultry firm Ba Huan
VinaCapital informed that due to misunderstandings, the two parties are in negotiation to end the partnership in compliance with the law and based on mutual interests.
— The Hanoi Times

Taiwan to Vietnam: ‘We’re not Chinese’
Taiwanese companies in Vietnam are increasingly being squeezed between a rock and a hard place as China ramps up diplomatic pressure on their displays of national identity.
— Asia Times

MoIT to investigate firms like Mumuso
The Ministry of Industry and Trade (MoIT) has announced its decision to inspect retailers with a business model similar to that of Mumuso Viet Nam Company Limited.
— Bizhub

Vietnam, Guinea seek to expand cooperation
Vietnam attaches importance to developing relations with African friends, including the Republic of Guinea, Deputy Prime Minister and Foreign Minister Pham Binh Minh said on August 7.
— Nhan Dan Online

 

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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