Vietnam Morning News For June 22

Vietnam Morning News For June 22
Estimated Reading Time: 6 minutes |

Vietnam morning newsVietnam arrests more oil executives amid corruption crackdown
Police in Vietnam arrested four executives of state oil firm PetroVietnam’s subsidiaries on suspicion of embezzlement on Thursday as the communist-led government widens a crackdown on corruption.
— Channel NewsAsia

PV Gas to import natural gas
PetroVietnam Gas Joint Stock Corporation (PV Gas) has said it will build more pipelines and seaport infrastructure to import natural gas given forecasts its gas output will fall in the next decade.
— VietnamNet Bridge

Explosion at Vietnam police station injures officer: State media
A small explosion outside a police station in Vietnam’s southern Ho Chi Minh City injured an officer on Wednesday (Jun 20), state media reported.
— Channel NewsAsia

Price of Vietnamese coconuts fall as Chinese traders stopped buying
The Vietnamese newspaper Youth Paper recently reported that coconut prices at many coconut plantations in Tinh Ben Tre have recently dropped.
— Fresh Plaza

Thai conglomerate to build ASEAN’s largest solar plant in Vietnam
The power generating arm of Thailand’s oldest industrial conglomerate, B.Grimm, has partnered with Vietnamese construction firm Xuan Cau to develop the largest solar power plant in Southeast Asia at a cost of $420 million.
— Nikkei Asian Review

VNPAY, UPI cooperate in QR code payment
Việt Nam Payment Solution Joint Stock Company (VNPAY) and UnionPay International (UPI) signed a co-operation agreement on Wednesday on payment by QR code.
— Viet Nam News

Vietnam raises reference exchange rate
Vietnam’s central bank on Thursday adjusted up its reference exchange rate between Vietnamese dong and U.S. dollar by 5 Vietnamese dong to 22,622 Vietnamese dong per U.S. dollar.
— Xinhua

Vietnamese fruit and vegetables have great opportunities to enter Japan
The Japanese agricultural sector is facing difficulties due to an aging population and the disregard of the youth in terms of the industry, creating tremendous opportunities for Vietnamese exporters to promote the exports of fruit and vegetables to the market.
— Nhan Dan Online

Central bank tightens banks’ corporate bond purchase
The State Bank of Vietnam has tightened regulations on corporate bond purchase by credit institutions and foreign banks’ branches.
— VietnamPlus

Vietnam’s beer market under fierce competition amidst high growth
Being one of the few markets in the world continuing to grow, Vietnam is a promising land for both foreign and local brewers, but the competition is increasingly stiff.
— The Hanoi Times

Local retailers to take the lead, experts say
Domestic retailers will continue to lead the market in the coming years, experts have said.
— VietnamPlus

China’s heavenly Zhangjiajie magnet for Vietnamese tourists
Zhangjiajie, a picturesque tourist spot in central China, is regarded by many foreign visitors as an elysium on Earth, and a money printer for an increasingly growing number of Vietnamese travel agencies and airlines.
— Xinhua

Vietnam Gov’t faces challenges to meet 1 million firm target by 2020
It is hard for the Vietnamese government to achieve the target of having one million operational firms by 2020 because the number of firms going bankrupt is almost the same as the number of new ones, experts warned.
— The Hanoi Times

Dollar hike won’t significantly affect VN’s economy
The US dollar has appreciated significantly against the Vietnamese dong in the past few days in the wake of the US Federal Reserves (Fed)’s interest rate hike last week, but local officials and experts are not too worried, believing these hikes won’t affect Vietnam’s economy in any major way.
— Bizhub

​Vietnam Airlines offers fresh lychee to fliers
Vietnam airlines is praising one of the country’s most beloved foods, fresh lychee, by offering the in-season fruit to business-class and premium-economy passengers on flights departing from Hanoi.
— Tuoi Tre

Vietnam’s Bamboo Airways gets green light to take off
Deputy Prime Minister Trinh Dinh Dung gave his approval to the Ministry of Planning and Investment (MPI)`s appraisal document on the Bamboo Airways investment project at Phu Cat Airport, Binh Dinh province.
— The Hanoi Times

HCM City woefully short of luxury hotels to meet soaring tourism demand
HCM City’s hotel market, especially the luxury segment, is attractive to investors due to the relentless rise in tourist numbers.
— Bizhub

​Vietnam’s Viettel signs up 1 million subscribers in Myanmar, ten days after launch
Mytel, the Viettel-owned mobile operator in Myanmar, has signed up more than one million subscribers in just ten days since it officially began operations.
— Tuoi Tre

Cambodia’s Vireak Chey National Park Under Siege From Illegal Vietnamese Loggers: Activist
Cambodia’s Vireak Chey National Park, which straddles Stung Treng and Rattanakiri provinces, is under siege from “hundreds of Vietnamese” illegally crossing the border to harvest timber, an environmental activist said Thursday.
— Radio Free Asia

Russian products popular in VN
More and more Russian agricultural products are finding their way into the Vietnamese market, according to the Russian Export Centre in Viet Nam.
— Bizhub

Brussels workshop talks about EU-Vietnam Free Trade Agreement
The Vietnamese Embassy in Belgium, in collaboration with the European Union (EU), the EU-Vietnam Friendship Parliamentarians’ Group and the European Institute for Asian Studies, held a workshop in Brussels on June 20 to speed up the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA).
— Nhan Dan Online

BSR earns 54 trillion VND in revenue in six months
The Binh Son Refining and Petrochemical One Member Co Ltd (BSR), a subsidiary of PetroVietnam, pocketed nearly 54 trillion VND (2.37 billion USD) in revenue in the first six months of the year, accounting for 69 percent of the yearly plan.
— VietnamPlus

​Ho Chi Minh City’s remittances top $2bn dollars in five months
Over US$2 billion was sent to Ho Chi Minh City from outside the country during the first five months of 2018, nearly doubling the recorded figures from the first quarter of this year.
— Tuoi Tre

PV Power to hold first annual general meeting on June 26
PetroVietnam Power (PV Power), a subsidiary of Vietnam National Oil and Gas Group (PetroVietnam), is scheduled to hold its first ever annual general meeting on June 26, following the company`s initial public offering (IPO) in January.
— The Hanoi Times

​Imported livestock blamed for Vietnamese cattle price slump
Foreign cattle flooding the Vietnamese market is putting a damper on homegrown livestock thanks to extremely competitive prices.
— Tuoi Tre

Brokerage downplays impact of dollar strengthening on Vietnam’s stock market
If the Vietnamese dong (VND) depreciates less than 2% against the US dollar (USD), it will pose no threat to Vietnam`s foreign capital inflow, according to Ho Chi Minh City Securities Corporation (HSC).
— The Hanoi Times

 

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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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