Vietnam Morning News For June 28

Vietnam Morning News For June 28

Vietnam morning newsVietnam promotes programme on electrical energy efficiency and conservation
According to the Ministry of Industry and Trade (MIT), the implementation of the national programme on electrical energy efficiency has achieved the target of 3.4% and 5.65% of total energy consumption conservation during the 2006-2015 period and 2011-2015 period, equivalent to about 4.5 million tonnes and 11.261 million tonnes of oil (TOE), respectively.
— Nhan Dan Online

Six-month cement exports expand 50% year-on-year
Vietnam has exported more than 15 million tonnes of cement in the first six months of 2018, a sharp increase of 50% over the corresponding period last year.
— Nhan Dan Online

‘Touch-to-pay’ ecosystem taking shape in Vietnam
The mobile payment service market in Vietnam has yet to enter a boom period, but many big players are present.
— VietnamNet Bridge

Vietnam Blogger ‘Mother Mushroom’ Fears Death in Prison
Jailed Vietnamese blogger Nguyen Ngoc Nhu Quynh, known also as “Mother Mushroom,” now fears she may die in prison, citing hostile cellmates and poor living conditions, her mother says.
— Radio Free Asia

Five sectors of opportunity in Vietnam
Poised to become a developed nation by 2020, Vietnam is an open economy with trading flow of US$340 billion.
— Business Times

Vietnam’s Land Law needs changes: Experts
Vietnam`s rapid economic development has partially exposed shortcomings in state management, especially in land issues, to which experts called for a change in the 2013 Land Law.
— The Hanoi Times

VN’s seafood exports to face difficulties following EC’s warning extension
The decision of the European Commission (EC) to extend its yellow card issued for Vietnam’s seafood until January next year will make life more difficult for local seafood exporters, local officials said.
— VietnamNet Bridge

WHO backs Vietnam’s new tax proposal on sugary drinks
Health experts say extra tax on sweetened beverages can help cut obesity rates significantly.
— VnExpress

Go-Jek Reveals New Brands For Thailand And Vietnam
Indonesian ride-hailing app Go-Jek revealed the names and branding for the separate units it is establishing in Thailand and Vietnam, two countries which are part of the company’s $500 million regional expansion plan, Tech in Asia reported.
— Investvine

Vietnam shows up at world’s largest naval exercise
Vietnam’s first-ever participation in RIMPAC is a sign of strengthening military relations between formers foes.
— VnExpress

Equality is key in Vietnam’s controversial property tax bill: experts
The new proposed property tax is necessary given its role of redistributing wealth among socioeconomic classes, but experts warned that equality must be one of the key objectives in drafting this law.
— The Hanoi Times

PV Power to shift listing to HOSE
PV Power will shift its listing from the Unlisted Public Company Market (UPCoM) to the HCM Stock Exchange by the end of this year, the company announced in its first shareholders’ meeting in Hanoi on June 26.
— VietnamPlus

​Vietnam’s Eximbank pays advance of $4mn to victim in high-profile savings theft
Vietnamese lender Eximbank has agreed to pay an advance of VND93 billion (US$4 million) to a depositor who had more than $10 million stolen from multiple savings accounts by a former bank leader.
— Tuoi Tre

Viettel urged to maintain its leading position
Viettel Group should continue affirming its leading role in the country’s telecommunications and information and technology sector to further contribute to the country’s development, said Prime Minister Nguyen Xuan Phuc.
— Bizhub

​Vietnamese enterprises complain about decree on micronutrient enhancement in food processing
Iodine is susceptible to oxidation and metamorphism during processing, affecting the color, taste, and sensation of products and adversely influencing the production and business operations of enterprises.
— Tuoi Tre

FDI inflows to Vietnam reach US$20.33 billion in 6 months
Foreign direct investment (FDI) commitments in the first six months totaled US$20.33 billion, up 5.7% year-on-year, according to the investment ministry.
— The Hanoi Times

US to early recognise Vietnam’s rules on catfish management
The US Department of Agriculture (USDA) is working hard with a view to early recognizing Vietnam’s regulatory system on catfish management to be equivalent to that of the US, said first Deputy Secretary of USDA Stephen Censky.
— VietnamPlus

Airbus backs new aviation degree programmes in VN
Airbus will contribute US$2.5 million between 2018 and 2023 to establish new aviation degree programmes in Viet Nam.
— Bizhub

Expanding Bilateral Trade between the EAEU and Vietnam
Signed more than one and a half years ago, the Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA) has led to a rapid growth in bilateral trade between Vietnam and the EAEU. The FTA has opened up a market of 183 million people, with a combined GDP of US$2.2 trillion for the Vietnamese firms.V
— Vietnam Briefing

Varroc Lighting Systems Opens Larger Vietnam Facility To Support Regional Market Growth
Varroc Lighting Systems, a leading global supplier of exterior vehicle lighting, is expanding its global capabilities in key emerging markets with the opening of a new production facility in Vietnam, boosting their ability to deliver leading-edge technology to customers in the region.
— AsiaOne

Vietnam: a month of mass protests
June 2018 may go down as a new record for mass protests in Vietnam. Thousands of people across the three main regions of the country took to the streets, mostly in a peaceful manner, to protest against two controversial bills tabled at the National Assembly: the now-delayed special economic zone (SEZ) bill and the recently enacted cybersecurity law.
— Lowy Institute

City seeks closer ties between VN, foreign startups
Building on the success of the forum “Connecting Vietnamese Startups in the US and Viet Nam” held in San Francisco last December, HCM City hosted a similar event on June 26-27 to bring together Vietnamese startups at home and abroad.
— Bizhub

Vietnam Forces Facebook and Google to Pick Privacy or Growth
Vietnam’s new cybersecurity law could force Alphabet Inc.’s Google and Facebook Inc. to choose between access to one of Asia’s fastest-growing digital economies and protecting their users’ privacy.
— Bloomberg

Japan leads foreign investors in Vietnam in year’s first half
Japan overcame 86 countries and territories to become the largest foreign investor in Vietnam in the first six months of this year, with 6.47 billion USD, or 31.8 percent of the total registered capital.
— VietnamNet Bridge

Jobless at 30: welfare crisis looms large in Vietnam
Young employees dismissed by firms to save wages and social insurance costs are seeking ‘retirement’ benefits.
— VnExpress

Thanh Chuong Viet Palace: Hanoi’s epicenter of cultural heritage
Surrounded by peaceful lotus ponds and lush banyan trees, Thanh Chuong Viet Palace is one of the most culturally rich destinations in Vietnam.
— CNN

2017 Vietnam Post-Typhoon Damrey Rapid Damage and Needs Assessment
Typhoon Damrey, or Storm No.12, made landfall in Vietnam on early Saturday morning, November 4th, 2017, with winds of up to 135 kilometers per hour impacting fifteen provinces in the South Central and Central Highlands regions.
— Reliefweb

Changing attitudes of rhino horn consumers in Vietnam
To stop rhino poaching, we need to tackle its root cause: consumer demand for rhino horn. Without consumer demand, there will be no incentive for poachers or traffickers.
— Save the Rhino

 

Feature photo Michel Coutty

 

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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