Vietnam morning news for July 23

Vietnam morning news for July 23

Vietnam morning newsNew bridge project to boost transport for Vietnam port
A new bridge project is expected to boost transport in and out of a key port in Vietnam. Approval is being sought to go ahead with the bridge for the port of Haiphong, which lies on the coast close to the city of Hanoi. The project is expected to cost nearly US$304 million.
— World Highways

Vietnam may earn 4.7 billion USD from fruit, veggie exports in 2018
Fruits and vegetables may earn the country 4.7 billion USD this year, according to the Ministry of Agriculture and Rural Development.
— VietnamPlus

Foreign investors keep flocking to Vietnam’s real estate market
The growth in Vietnam`s capital markets to US$200 billion in value from some US$35 billion five years ago, was a big draw for global investors, Jeffrey Perlman, Southeast Asia chief of Warburg Pincus told Reuters.
— VietnamNet Bridge

High Vietnamese imports hit pepper growers hard
Vietnamese produce, which is inferior in quality, is available at Rs 200 a kg.
— My Digital fc

Death toll in Vietnam flooding rises to 19
Flash floods in Vietnam have now claimed at least 19 lives, the government said Sunday, as residents in affected areas sought safety on higher ground.
— Bangkok Post

Maritime cargo shipping in Vietnam grows 17 pct in H1
In the first half of this year, 254.8 million tons of cargoes were handled via Vietnam’s seaports, up 17 percent on-year, according to the Vietnam Maritime Administration on Sunday.
— Xinhua

Will 5 million jobs in Vietnam be lost in the 4.0 industrial revolution?
Tran Anh Tuan, deputy director of the HCMC Center for Human Resources Forecasting and Labor Market Information, cited an ILO report as saying that the risk of losing jobs has increased in the 4.0 industrial revolution era.
— VietnamNet Bridge

Impacts of US-China trade war on Vietnam’s key export staples
Exports of Vietnam`s key products will surely be affected by the trade war between the US and China – the country`s two largest trade partners, according to experts.
— The Hanoi Times

Finance head urges taxmen to settle arrears
Deputy Minister of Finance Tran Xuan Ha has urged the tax sector to make a positive change in the settlement of arrears in the second half of the year.
— Bizhub

Vietcombank sees 53% rise in H1 pre-tax profit
As of June 30, Vietcombank`s total assets were valued at VND977.6 trillion (US$42.7 billion), down 5.6% compared to the beginning of the year.
— The Hanoi Times

Banks post impressive profit growth in H1 2018
Many banks have reported impressive profit growth in the first half off 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment.
— Bizhub

Vietnam PM pledges favorable conditions for Japanese enterprises
Prime Minister Nguyen Xuan Phuc in Hanoi on July 19 received Chairman and CEO of the Japan External Trade Organization (JETRO) Hiroyuki Ishige.
— The Hanoi Times

Vietnam to witness longest lunar eclipse of 21st century
People in Vietnam will be able to see a rare total lunar eclipse on July 28 for hours.
— VnExpress

Banks required to control lending
The State Bank of Viet Nam (SBV) has required commercial banks to control their credit growth in line with their capital mobilisation ability and credit growth limits set by SBV.
— Bizhub

Vietnam appeals to foreign hotel giants
Many international hotel brand names have made their presence in Vietnam in the wake of the robust development of the country’s tourism sector and infrastructure.
— VietnamNet Bridge

MoIT will submit CPTPP for approval by year-end
The Ministry of Industry and Trade is preparing necessary documents to submit the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) to the National Assembly for approval by the end of this year.
— Bizhub

Manila Water eyeing more projects in Vietnam, Indonesia
Ayala-led Manila Water Co. (MWC) is scouting for new bulk water projects in Indonesia and Vietnam, in line with plans to expand its footprint across Southeast Asia and grow its overseas business to account for 10 percent of total business.
— Inquirer.net

Local ride-hailing apps struggle to compete with Grab
Vietnamese ride-hailing businesses are still struggling to grab market share even after the departure of Uber from Southeast Asia and complaints about the top ride-hailing app Grab.
— Bizhub

Vietnam Airlines reschedules flights to/from Shanghai due to storm
The national flag carrier Vietnam Airlines has announced its plan to adjust the schedule of flights to and from Pudong International Airport in Shanghai, China on July 22 due to storm Ampil, which hit China’s eastern coast.
— Nhan Dan Online

Egyptian newspaper hails cooperation prospects with Vietnam
Vietnam and Egypt hold great potential for cooperation in marine economy and tourism, according to Al Messa, one of the most prestigious Egyptian daily newspapers.
— VietnamPlus

 

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 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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