Vietnam Morning News For July 10

Vietnam Morning News For July 10
Estimated Reading Time: 5 minutes |

Vietnam morning newsVietnam’s agricultural exports to hit US$41 billion in 2018
The Ministry of Agricultural and Rural Development (MARD) expected positive prospects for Vietnam`s agricultural exports in the second half of 2018, mainly thanks to growing global demands in the remaining months of the year and stable prices.
— The Hanoi Times

Construction of Vietnam’s largest solar power plant starts in central Vietnam
The power plant, once operational, will produce a maximum output of approximately 450 million kWh each year.
— VnExpress

Will North Korea follow in Vietnam’s footsteps?
Over the weekend, talks on denuclearisation between United States (US) Secretary of State, Mike Pompeo and Pyongyang seemed to have elicited differing reactions from both sides.
— The Asean Post

Independent journalist detained on anti-state charges in Vietnam
Vietnamese authorities should immediately release and stop harassing journalist Le Anh Hung, the Committee to Protect Journalists said today.
— CJP

Viet Nam poultry, animal products exports increase
More and more businesses are exporting livestock and poultry meat, opening up great prospects for the livestock sector.
— Bizhub

Investments in industrial, economic zones declines slightly in six months
The total value of foreign and domestic investments in industrial and economic zones nationwide fell slightly in the first half of 2018.
— VietnamPlus

Reform is inevitable in Vietnam’s quest for higher quality of FDI inflows
Vietnam has been an attractive investment destination for the past 30 years, resulting in enormous growth in jobs and exports, while returning comparatively limited gains to domestic producers and a lack of integration of local firms into the global value chain.
— The Hanoi Times

​Contactless payments become more common in Vietnam: Visa
A recent consumer payment attitudes report by a global payments technology company showed that more than half of Vietnamese consumers are aware of contactless payments.
— Tuoi Tre

Vietnam sees trade surplus of US$3.2 billion in forestry exports
Vietnam is on track to reach the target for forestry products exports of US$9 billion this year, according to the Ministry of Agricultural and Rural Development (MARD).
— The Hanoi Times

US, Vietnam to Cooperate on Freedom of Navigation in Disputed South China Sea
The U.S. top diplomat reaffirmed America’s commitment to a “free and open Indo-Pacific” region during his first trip to Vietnam, saying Washington and Hanoi will work together to uphold freedom of navigation and overflight in the South China Sea.
— VOA

Triyards says it had to delay salary payments in Vietnam
Embattled Triyards acknowledged yesterday that it had to delay salary payments in Vietnam after facing difficulty drawing on lines of finance.
— The New Paper

Chinese officials tout ‘made in Vietnam’ zones on border amid trade row with US
A spiralling trade conflict between Beijing and Washington is an unwelcome development for China, but officials in Guangxi – where seven “cross-border trade zones” with Vietnam are planned – see an opportunity.
— South China Morning Post

Six arrested in Vietnam over online betting ring
Six people have been arrested in Vietnam for running an online betting ring based on a server in the Philippines that had attracted thousands of gamblers, state media reported Monday.
— ABS-CBN

European firms optimistic about Việt Nam’s business environment
European firms remain optimistic about the business environment in Việt Nam, according to EuroCham’s latest Business Climate Index (BCI).
— Viet Nam News

Credit institutions’ future bright
A majority of credit institutions in the country expect an upward trend in their business in the remaining months of the year, after making improvements in the first half of 2018, according to a survey released last week by the State Bank of Viet Nam.
— Bizhub

MB Capital becomes major shareholder of Vietnam Electrical Equipment
MB Capital is believed to have spent VND410 billion (US$17.88 million) on this deal.
— The Hanoi Times

VN firms should prepare themselves amidst trade war
Domestic businesses should closely monitor the market situation, prepare to adjust their operations and redefine export markets to avoid negative impacts and capitalise on opportunities from the US-China trade war, officials and experts recommended.
— Bizhub

Investors should think before snapping up cheap stocks
Market adjustments over the past few weeks has brought many stocks down to attractive price levels compared to the beginning of the year, but investors should remain cautious.
— Bizhub

Vietnam joins FAO’s Agreement on Port State Measures
The Vietnamese Government has agreed to join the Agreement on Port State Measures (PSMA) of the UN Food and Agriculture Organisation (FAO) to prevent and fight illegal, unreported, and unregulated (IUU) fishing.
— VietnamPlus

F&N Dairy Investments attempts to raise holding in Vinamilk
The fund then attempted to buy the said share amount between June 6 and July 5 but turned out unsuccessfully, citing “unfavorable market conditions”, according to the Ho Chi Minh Stock Exchange (HoSE).
— The Hanoi Times

Mongolia, Vietnam eye closer cooperation
Mongolia and Vietnam agreed to further strengthen bilateral cooperation by increasing the exchange of high-level visits and official meetings, the parliament’s press office said in a statement Monday.
— Xinhua

Vietnam’s export reliance on Chinese market on rise
The Vietnam Association of Seafood Exporters and Producers (VASEP)’s chairman, Truong Dinh Hoe, said the country exported $2.5 billion worth of seafood between January-April, an increase of 14% compared with the same period last year, Vietnam News reported.
— Undercurrent News

World Bank’s IFC helping Vietnam with FDI strategy for economic growth
IFC, a member of the World Bank Group, is supporting Vietnam to unlock the next generation of foreign direct investment (FDI) to sustain the country’s rapid economic development, competitiveness and inclusive prosperity.
— Devdiscourse

Big 3 bottled tea makers in Vietnam strike it rich
Together, they have almost 90 percent of Vietnam’s growing ready-to-drink (RTD) market share.
— VnExpress

 

Feature photo Justin Jensen

 

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

junior writer/ trainee journalist at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations. She commenced as an intern and was appointed as a junior writer/ trainee journalist on April 2, 2018

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