Vietnam Morning News For May 8

Vietnam Morning News For May 8

Vietnam morning newsZero cases of illegal fishing since 2018 beginning
No Vietnamese fishing boats have indulged in illegal fishing since the beginning of 2018.
— Bizhub

Electronics industry key to exports
Vietnam has reached a four-month record trade surplus, with firms operating in the electronics industry acting as one of the key drivers of the country’s export-import activities.
— Nhan Dan Online

New deep-sea port to boost logistics capacity in Vietnam
The new terminal will double the current loading capacity of the biggest port in northern Vietnam. A new deep-water port is set to open this month in Vietnam’s northern city of Hai Phong.
— Retail News

VN’s foreign reserves reach record high of US$63b
State Bank of Viet Nam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.
— Bizhub

​Vietnam’s Agribank increases fee for withdrawal made at own ATMs
The Vietnam Bank for Agriculture and Rural Development, better known as Agribank, has angered customers as it decided to increase the fee for cash withdrawal made at its own ATMs from later this week.
— Tuoi Tre

Hanoi takes solutions to remove difficulties, obstacles for socio-economic development
The Hanoi People’s Committee has recently issued Announcements on stating the conclusion of Chairman Nguyen Duc Chung on taking solutions to remove difficulties, obstacles for socio-economic development in districts.
— The Hanoi Times

VN customs sector gets tough on corruption
The General Department of Vietnam Customs has issued a working plan designed to achieve vigorous changes in detecting, preventing and handling of corruption, towards well performing its anti-corruption related-tasks between now to 2020.
— VietnamNet Bridge

USDA funds major seafood export push into Vietnam
As many as two dozen US seafood suppliers will get a chance to pitch their products and pursue other business relationships in Vietnam this fall thanks to a little funding help from the federal government.
— Under Current News

Economists ease concerns on trade deficit return
Vietnam posted a trade surplus of US$3.39 billion in the first four months of this year. Despite the fact that there will likely be a return of a trade deficit, experts have forecast a more positive direction for a trade deficit return.
— Nhan Dan Online

Behind three trends of domestic enterprises
The annual statistical report conducted by the General Statistics Office (GSO) showed that there have emerged three dominant trends in the operations of domestic enterprises.
— Nhan Dan Online

Vietnam’s Biggest Bitcoin Exchange Has Its Domain Seized by Government
Bitcoin Vietnam Co., Ltd., the oldest cryptocurrency exchange in the country, is having its domain name, bitcoin.vn, seized by the Vietnamese government.
— News BTC

Vietnamese runaway oil bigwig ditches appeal as corruption fight continues
Trinh Xuan Thanh did not show up for his appeal trial, reportedly due to health reasons.
— VnExpress

Shrinking profit stands in way of Sabeco’s overseas expansion
Falling profit figures may hinder new members of the Sabeco management board in realising the promise to take Sabeco and 333 Beer overseas.
— VietnamNet Bridge

Stepping up promotion of agricultural products
Trade promotion to connect the supply and consumption of agricultural products is among the important trade activities that have received great attention from the authorised agencies, bringing about visible outcomes.
— Nhan Dan Online

VPBank Finance Company Limited (VPB FC) Launches MPlus+, a Unique Digital Credit Card Delivery Solution
VPB FC launched MPlus+ Card, a unique digital credit card solution as an extension to the existing range of physical card products focused on category entrants.
— AEC News Today/ PR Newswire (media release)

Fire equipment market hard to control despite huge demand
The Carina Plaza fire in March in Ho Chi Minh City has reinvigorated the fire equipment market as real estate developers are increasingly pouring money into upgrading fire prevention systems. However, the market remains difficult to control due to the abundance of low-quality products.
— VietnamNet Bridge

Siemens, Idemitsu among suitors drawn to Vietnam energy selloff
BUYERS from Germany, Japan, India and beyond are kicking the tyres on Vietnam’s great state asset sale.
— Business times

Vietnam’s e-commerce market sees many new arrivals
The map of the Vietnam’s e-commerce market is being redrawn as more and more foreign firms have entered the field.
— VietnamNet Bridge

Kobe Steel plant to be aborted with Thach Khe ore iron mine
The billion-dollar steel facility invested by leading Japanese steel maker Kobe Steel may roll with the wind with Thach Khe ore iron mine.
— VietnamNet Bridge

Multiple bank CEOs rotate jobs due to lack of qualified candidates
Experts believed the wave of leaders switching banks will continue in the future as bank owners set new directions.
VnExpress

Vinhomes share sale raises US$1.35b in Vietnam’s biggest issue
AN INITIAL Equity offering of Vinhomes JSC, the residential property development unit of Vingroup JSC, raised about US$1.35 billion in Vietnam’s biggest-ever issue after being priced at the top of an indicative range, sources said on Monday.
— Business Times

Vietnam participates in international naval exercise in Indonesia
The biennial event aims to ‘promote stability and peace in the region through non-combatant scenarios’.
— VnExpress

Fashion reigns as Vietnam’s online shopping queen
With busy schedules occupying people’s lives, e-commerce sites are catching up with the rising demand.
— VnExpress

Canada issues final say on anti-dumping probe into Vietnam’s pipe fittings
The Canada Border Services Agency (CBSA) has made final determinations of dumping and subsidizing in respect of certain copper pipe fittings (CPF) from Vietnam, according to the Ministry of Industry and Trade.
— VietnamPlus

Franchising takes Vietnamese brands to the world
RedSun ITI has taken its chain of Truly Việt restaurants to Australia under the franchise model.
— Viet Nam News

Forum discusses ways for youths to successfully establish startups
Young Vietnamese entrepreneurs must pay attention to six crucial steps in order to successfully establish a startup business, said CEO of Startup Vietnam Foundation (SVF) Pham Duy Hieu at a recent forum held in Hai Phong.
— VietnamPlus

 

Feature photo Lucas Jans

 

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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