Vietnam morning news for July 24

Vietnam morning news for July 24

Vietnam morning newsVietnam jails 10 more for protests over economic zones
A court in Vietnam on Monday jailed 10 people for terms ranging from two to 3-1/2 years after they were arrested in last month’s nationwide protests against new economic zones, state media said.
— Channel NewsAsia

Vietnam suspends information minister amid telecoms scandal: State media
Vietnam on Monday (July 23) suspended its minister of information and communications for mismanagement at a state telecoms firm, official state media Vietnam News Agency reported, amid a crackdown on corruption.
— The Straits Times

Vietnam’s Ban on Crypto Mining Rigs Could Be Good News
Local news reported Thursday that Vietnam’s Central Bank has agreed to suspend the import of crypto mining devices.
— Crypto Disrupt

VN Central Bank cuts 257 business conditions
The State Bank of Viet Nam (SBV) has approved a plan to remove or simplify 257 business conditions under its management.
— VietnamNet Bridge

Bikes out, trees in: Hanoi tackles air pollution woes
Famed for ancient pagodas, colonial architecture and delicious pho noodle soup, Vietnam’s capital of Hanoi has another, albeit dubious, distinction: air pollution.
— Reuters

Digital transformation imperative for industry 4.0
“Digital transformation or losses?” was the thorny question for Minh Phu Seafood Company a few years ago.
— Bizhub

206 foreign brands franchised in Vietnam
The Ministry of Industry and Trade has granted 206 franchise licences for foreign brands in Vietnam since 2007, reports from the ministry showed.
— VietnamNet Bridge

Vietnam expects robust job market growth
Hiring expansion remains robust this year in Vietnam, though not as high as 2017, speakers said at a press conference held last week in HCM City.
— Inquirer.net

Southern Vietnam produces more summer-autumn rice
Vietnam’s southern region grew nearly 1.7 million hectares of summer-autumn rice which are estimated to churn out more than 9.5 million tons in the ongoing crop, up 279,700 tons from the previous crop.
— Xinhua

Samsung suppliers in Vietnam branch out to new frontiers
A decade after Samsung Electronics announced that it will produce smartphones in Vietnam, its army of local suppliers have begun to branch out to new businesses, strengthened by the experiences they have acquired through working with the South Korean conglomerate.
— Nikkei Asian Review

A bank collects soil deposits in southern Vietnam
A 11-hectare ‘soil bank’ has been constructed in Ca Mau Province to try and meet demand for sand in a sustainable way.
— VnExpress

Vietnam’s SOEs equitization process falls far behind schedule
The lack of efforts from ministries and provinces is to blame for the delay, according to the Ministry of Finance (MoF).
— The Hanoi Times

Guaranteed bonds mobilise 150 billion VND
The Vietnam Bank for Social Policies (VBSP) raised 150 billion VND (6.5 million USD) at the latest auction of Government-guaranteed bonds on the Hanoi Stock Exchange (HNX) held on July 23.
— VietnamPlus

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

Eco-shrimp farming – model for sustainable aquaculture development
Eco-shrimp farming, which has been spreading in the Mekong Delta localities in recent years, is touted as a model for sustainable aquaculture development thanks to its strengths in environmental protection, low costs, and high profit.
— VietnamPlus

ThaiBev takes the reins of Sabeco after M&A
Saigon Beer Alcohol Beverage Corp (Sabeco)`s shareholders approved a new board including seven members, of which four were nominated by ThaiBev – controlled by tycoon Charoen Sirivadhanabhakdi through its local unit Vietnam Beverage.
— The Hanoi Times

Gas-power-fertiliser complex – major contributor to Ca Mau province
More than 2 trillion VND (86.2 million USD), or 40-50 percent of the budget of the southernmost province of Ca Mau, is contributed by the Ca Mau Gas-Power-Fertiliser Complex each year, a recent meeting heard.
— VietnamPlus

Canada initiates anti-dumping probe into Vietnam steel
Canada would look into steel products from four countries including Vietnam with the doubt that those imports harm Canadian producers.
— The Hanoi Times

Bảo Việt tops Việt Nam insurance market
The Bảo Việt Group ranked first among insurance companies in Việt Nam with a revenue of more than VNĐ9.9 trillion (US$423.7 million) in the first half of 2018.
— Viet Nam News

Vietnam: Clean Up Abysmal Rights Record
Vietnam’s government should release all political prisoners and uphold its pledges to respect basic civil and political rights, Human Rights Watch said in a submission to the United Nations Human Rights Council.
— Human Rights Watch

UN Should Press Vietnam to Release Political Prisoners, Honor Rights Pledge: HRW
The United Nations Human Rights Council should press Vietnam to release all political prisoners and ensure the basic civil and political liberties of its citizens based on a pledge it made at the world body’s last review of its rights record, New York-based Human Rights Watch (HRW) said Monday.
— Radio Free Asia

First Son La longan week underway in Hanoi
The northwestern mountainous province of Son La has been searching for a stable market for its fresh agricultural products during an event underway at Big C Thang Long supercenter in Hanoi until July 27, hoping to make longan its key farm produce.
— VietnamPlus

Vietnam’s Model Would Spell the End of Kim Jong Un
When U.S. Secretary of State Mike Pompeo flew to Hanoi on July 8 after a tense working meeting in Pyongyang, Vietnam was on his mind.
— Foreign Policy

 

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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