Vietnam Morning News For June 6

Vietnam Morning News For June 6

Vietnam morning newsVietnam court rejects appeal by airport bomb plotters – media
A court in Vietnam has upheld prison sentences against 15 people it said are guilty of plotting to bomb the country’s largest airport in Ho Chi Minh City last April, state media reported on Tuesday.
— Channel NewsAsia

Vietnam’s draft law on cyber security sparks concern
Vietnamese lawmakers are expected to pass a new cyber security law next week that threatens to still online dissent and further rein in Internet giants like Facebook and Google.
— The Straits Times

PetroVietnam contributes US$1.79bn to State budget
The National Oil and Gas Group (PetroVietnam) contributed VND40.8 trillion (US$1.79 billion) to the State budget in the first five months of 2018.
— Bizhub

US to crack down on illegal shrimp imports
The US National Oceanic Atmospheric Administration (NOAA) has confirmed that foreign shrimp and abalone will be added to the Seafood Import Monitoring Program (SIMP) beginning on January 1, 2019.
— Bizhub

Plans for Laos-Vietnam highway
Plans are being drawn up in Laos for the new highway connecting its capital Vientiane with Hanoi, the capital of neighbouring Vietnam.
— World Highways

Ho Chi Minh City’s retail market thrives
Ho Chi Minh City’s revenue from goods retail sales in the first half of this year is estimated at more than VND 328.58 trillion (US$ 14.47 billion), accounting for 65.3 percent of the city’s total earnings from retail sales and services and up 12.9 percent from the same time last year.
— Nhan Dan Online

Special policies needed for fledgling startup movement
Promoting the development of business models, strengthening the startup enterprises, creating a legal environment to ensure ease of doing business and fair competition for new-born businesses are key issues in Vietnam`s current context.
— The Hanoi Times

Cashew exports hit over 1.3 billion USD in first five months
Vietnam exported 141,000 tonnes of cashew in the first five months of 2018, raking in more than 1.39 billion USD, reported the Import-Export Department under the Ministry of Industry and Trade.
— VietnamPlus

Tax rise will be burden on consumers: experts
Just within one year, the Ministry of Finance (MOF) proposed raising a series of taxes, citing international practices and the goal of increasing tax collections for the state.
— VietNamNet Bridge

​Grab hit by complaints after dominating ride-hailing industry in Vietnam
Almost two months after Grab became the dominant player in the ride-hailing industry with Uber’s exit from Vietnam, commuters and drivers have continuously complained about its exorbitant fares and poor quality.
— Tuoi Tre

Vietnam Airlines adds 3,000 flights during summer
The national flag carrier, Vietnam Airlines, will add 3,000 flights (equivalent to 530,000 seats) on domestic routes to meet the increasing number of travellers during summer holidays.
— VietnamPlus

Vietnam’s GDP to reach 6.8% in 2018: ANZ
Despite the significant upside surprise to Vietnam`s GDP growth rate in first quarter at 7.4% year-on-year, pull-back is expected in growth momentum towards a more sustainable rate of 6.8% for 2018, followed by 7.0% in 2019, ANZ has said in its latest report.
— The Hanoi Times

Vietnam Internet Returns To Normal After AAG Repairs
Vietnam’s millions of internet users can breathe a sigh of relief, with repair work on the Asia America Gateway (AAG) cable completed three days earlier than expected early on Sunday.
— Subtel Forum

Dung Quat oil refinery among top 10 green factories
The Dung Quat Oil Refinery operated by Binh Son Refining and Petrochemical Joint Stock Company (BSR) has been in top ten eco-friendly factories in Vietnam for the second consecutive year.
— VietnamPlus

Investors are selling, does that indicate capital reversal?
Stock market statistics show that recently foreign investors have been net sellers, with sales reaching a total value of over VND10 trillion (US$436.6 million) from February 2018 to now, in contrast with the strong net buying in January this year.
— Bizhub

Work starts on Gelex Ninh Thuan solar project
Construction of the Gelex Ninh Thuan solar farm project, which has a capacity of 50MWp, began on Monday.
— Bizhub

Thailand, not Vietnam, is exporting ‘pho’ to the U.S.
Vietnamese food businesses have a lot of technology catching up to do in foodstuffs industry, experts say.
— VnExpress

Vietnam among top 10 destinations in the world: survey
Vietnam’s growing popularity as a travel destination has been confirmed by its ranking as one of the 10 best places to visit in the world.
— VnExpress

​Vietnam’s Viettel announces business strategy for Myanmar operations
Vietnam’s Viettel Group unveiled on Monday the business strategy for Mytel, its Myanmar-based telecom company, which will begin operations this Saturday, June 9.
— Tuoi Tre

Vietnam considers blanket ban on import of cryptocurrency mining rigs
In the wake of thousands being cheated, Finance Ministry says their operations are difficult to regulate.
— VnExpress

Hanoi’s economy performs well in five months
Hanoi’s industrial production index rose by 7.8 percent in the first five months of this year, said Director of the municipal Department of Planning and Investment, Nguyen Manh Quyen.
— Nhan Dan Online

Vietnam, South Korea look to boost defence trade
Vietnam and South Korea have pledged to explore opportunities for military trade and related industrial collaboration.
— Janes

Vietnam, Canada to intensify defence cooperation
Vietnamese Minister of National Defence Ngo Xuan Lich hosted an official welcome ceremony for and held talks with his Canadian counterpart Harjit Singh Sajjan in Hanoi on June 5.
— Nhan Dan Online

Malaysia, Vietnam stocks post biggest falls in Asia-Pacific in May
Asian stocks declined in May as political uncertainties in Italy added to the woes of regional markets, already hit by a surge in the dollar and concerns about US protectionist trade policies.
— The Edge Markets

Nghi Son refinery rolls out fuel of EURO 4 standards
Nghi Son Refinery and Petrochemicals LLC (NSRP) has successfully produced several types of fuel products that meet the EURO 4 emission standards, contributing to hastening the enforcement of regulations on gas emission standards applied on vehicles in Vietnam, said NSRP General Director Dinh Van Ngoc.
— Nhan Dan Online

Singapore investor divests from top Vietnamese taxi firm
Divestment at big loss indicates tougher times ahead for traditional taxi firms in the age of ride-hailing services.
— VnExpress

Vietnam health ministry warns of swine flu threat
The Ministry of Health has issued a number of recommendations in light of a recent incident in which some 16 patients, their relatives and health officials at Tu Du Hospital in HCM City on Saturday tested positive for swine flu (A/H1N1), according to the city’s Preventive Health Center.
— Inquirer.net

 

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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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