Vietnam Morning News For May 28

Vietnam Morning News For May 28

Vietnam morning newsWatch Unarmed HCMC ‘Fists of Steel’ Cops Deal With Armed Perps (HD video)
The athletic capabilities of Vietnamese police are not in doubt. Last July we brought you video of the gravity-defying Vietnam Mobile Police Swat team using bamboo poles to walk their way up the outside of buildings in Hanoi.
— AEC News Today (video)

​Vietnam’s airlines blame high jet fuel price for pricey airfare
No Vietnamese air carriers were able to make it to the world’s top 50 cheapest airlines, with industry insiders saying they have the domestic high jet fuel prices to blame for their inability to offer really reasonable tickets.
— Tuoi Tre

Local stocks set to continue falling this week
Vietnamese stocks are forecast to stay on a downward trend this week due to caution among investors and accelerated selling pressure from foreigners, analysts said.
— Viet Nam News

Agriculture to bring more foreign investment
With Vietnam’s wide usage of smartphones and great agricultural potential, and commitment to truncate more than half of the existing agricultural administrative procedures, many foreign firms are hunting for opportunities in the country’s agricultural sector.
— Nhan Dan Online

Banks urged to speed up application of chip cards
The Vietnam Bank Card Association has agreed to speed up the transfer from magnetic stripe cards to chip cards to ensure the safety for card holders and increase the quality of banking services, according to the National Payment Corporation of Vietnam (NAPAS).
— The Hanoi Times

Loopholes in management of BT projects
A number of projects implemented in the BT (build-transfer) model have had shortcomings revealed, with financial misuse up to VND4.5 trillion (US$198 million) in 2017, according to a report on budget spending released by the Vietnam State Audit (VSA) on May 21.
— Nhan Dan Online

Blockchain-Enabled International B2B e-Commerce Ecosystem Export Portal & ExportPortal.com Announces Very First Brand Ambassador with SAO THÁI DƯƠNG INVESTMENT (Sunstar Group) in Vietnam
After a successful three days at the Vietnam Expo in Hanoi in April, the Verified Businesses Only e-Commerce ecosystem Export Portal is announcing their very first Brand Ambassador as a part of their continued global expansion.
— AEC News Today/ PR Newswire (media release)

Firms must know global trade policy
Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale, and showing lack of awareness when it comes to the broader global trade policy environment, according to an HSBC report.
— Bizhub

Supporting firms key to autos
The development of Việt Nam’s automobile industry depends a great deal on its supporting industry, which needs to be developed comprehensively, experts have said.
— Viet Nam News

Vietnam dominates Canada’s shrimp market
Vietnam’s shrimp export value to Canada reached 27.7 million USD by March 2018, a year-on-year increase of 16 percent, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
— VietnamPlus

Vietnam’s tax equity report 2017 announced
The Vietnam Institute for Economic and Policy Research (VEPR), under the University of Economics and Business – Vietnam National University of Hanoi, announced Vietnam’s tax equity report 2017, on May 25.
— Nhan Dan Online

Vietnam needs more ADB funding for private sector
Vietnam is persuading international financial institutions, including the Asian Development Bank (ADB), to expand their funding for the local private sector and reduce government guarantees for those activities, since Vietnam is among the countries that will stop being funded by ADB in 2019 due to becoming a middle-income economy.
— VietnamPlus

VN pledges to build opportunities for EU investors
Viet Nam is working hard to build a constructive and upright Government to serve people and businesses, while focusing on developing innstitutions, improving governance capacity and bringing more opportunities to all enterprises, including investors from Europe, said Prime Minister Nguyen Xuan Phuc at the “Meet Europe 2018” conference in Ha Noi on Friday.
— Bizhub

​Vietnam’s Internet slowed down over two consecutive submarine cable repairs
Vietnam’s Internet connection through the Asia America Gateway (AAG) cable system is being dragged to a snail’s pace for some users, as the notorious submarine cable system is undergoing two straight repairs that won’t complete until next month.
— Tuoi Tre

Ifoods Chain Presented at the Blockchain Festival in Vietnam
The Blockchain Festival launched in full swing at the Gem Center in Ho Chi Minh City. In addition to the comments and sharing of the experts from industry at the Festival, Ifoods Chain from China was invited to participate in the blockchain project exhibition as one of the high-quality project participators.
— AEC News Today/ PR Newswire (media release)

Foreign funds see profits vanish in market slump
Volatility on Viet Nam’s stock market in the past two months has dragged down the performance of foreign investment funds here.
— Bizhub

New regulations drafted for market price data reporting
The Ministry of Finance (MoF) is drafting a circular on collecting and reporting market prices in a move to standardize the information and better control the country’s inflation.
— The Hanoi Times

Super committee to manage nearly US$66 billion of 20 groups
The Committee for State Capital Management will represent the owners of 20 groups and corporations with total capital and assets of more than VND1.5 quadrillion (US$65.78 billion).
— The Hanoi Times

Sugar lobby battles sweet drinks tax
THE Vietnam Sugarcane and Sugar Association has voiced concerns against a government proposal to impose a special consumption tax of 10 per cent on sweet drinks.
— The Nation

Forest products surpasses seafood in export value
The export value of forest products from early this year until May 24 surpassed that of seafood products to become the leader in the agro, forests and seafood export group.
— VietnamNet Bridge

Vietnamese lawmakers warn against undue dependence on overseas investors
Foreign investors could leave Vietnam for other markets when the country no longer has a competitive advantage.
— VnExpress

Vietnam: Positive Outlook for Long-Term Trade
The growth in foreign direct investment in Vietnam, driven by its strategic location, low wages, and improvement in the business environment, is the major factor that transformed Vietnam into a manufacturing hub in the region.
— Vietnam Briefing

The door for Vietnamese products to US market narrows
Vietnamese exporters have been warned that it will be more difficult to export products to the US as the US administration has increased local production protection and tightened control over imports.
— VietnamNet Bridge

Forum on Women Entrepreneurs in the 21st Century held in Hanoi
The Vietnam Women Entrepreneurs Council (VWEC), under the Vietnam Chamber of Commerce and Industry of Vietnam (VCCI), organised a forum titled “Women Entrepreneurs in the 21st Century: Creativity and Humanity” in Hanoi, on May 26.
— Nhan Dan Online

Japan: Urge Vietnam to Respect Human Rights
Japan’s Prime Minister Shinzo Abe should pressure Vietnam to immediately end its crackdown on peaceful activists and improve its severely deteriorating rights record, Human Rights Watch said today.
— Human right Watch

Eight out of 10 signs of ‘real estate bubble’ visible: experts
Deputy director of the Central Institute of Economic Management (CIEM) Tran Kim Chung said at a recent workshop that he can see eight out of 10 signs of a real estate bubble.
— VietnamNet Bridge

Vietnam-Japan strategic partnership to enter new development period
The strategic partnership between Vietnam and Japan is expected to enter a new period of development in the near future, especially in the fields of trade, economy, defence-security, health, high technology, locality-to-locality cooperation, and people-to-people exchanges.
— Nhan Dan Online

Ho Chi Minh City publishes travel guide for lucrative medical tourism
Tourism and health authorities in Ho Chi Minh City rolled out a guidebook on medical tourism – traveling to a different country for medical treatment – on Wednesday as part of an effort to develop this form of tourism and diversify tourist options in the southern metropolis.
— Tuoi Tre

Australia and Vietnam open ‘friendship bridge’ in Dong Thap
A friendship bridge was opened on Sunday morning in the Mekong Delta Province of Dong Thap by the Vietnamese and Australian governments.
— VietnamNet Bridge

 

Feature photo Nam-ho Park

 

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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