Vietnam Morning News For May 9

Vietnam Morning News For May 9

Vietnam morning newsVietnam asks China to withdraw military equipment from South China Sea
Vietnam requested on Tuesday that China withdraw military equipment from the South China Sea, following media reports this month that China had installed missiles there.
— Channel NewsAsia

Vietnam’s pepper export to India skyrockets
Vietnam’s pepper export turnover to India posted a year-on-year whopping surge of 209 percent in volume to more than 7,100 tons in the first quarter of this year, reports from the General Department of Customs showed.
— The Hanoi Times

Cashew industry wants ban on cheap imports from Vietnam
Import of inferior cashew kernels from Vietnam haveto be stopped and policy loopholes plugged to protect the ailing domestic cashew industry.
— The Hindu Business Line

Agriculture ministry issues regulations on ’VIETNAM RICE’ national brand
The Ministry of Agriculture and Rural Development (MARD) has issued regulations on the use of national brand GAO VIET NAM or VIETNAM RICE.
— VietnamPlus

Domestic cement consumption up, export rises sharply
The country’s cement consumption in the first four months of the year posted a year-on-year increase of 13 per cent to reach 29.83 million tonnes.
— Bizhub

Telephone, computer exports decline in April
Export earnings from telephones, computers, electronic products and components saw declines in April but still enjoyed growth in the first four months of 2018, according to the General Department of Vietnam Customs.
— VietnamPlus

Gov’t seizes domain name of Vietnam’s oldest crypto exchange
Vietnamese cryptocurrency exchange Bitcoin Vietnam has found itself in trouble with the law after local authorities claimed the company has been “operating a blog without a proper license.”
— Coingeek

First direct shipment of US corn arrives in Vietnam
The first direct shipment of US corn to Vietnam has arrived in the country with the assistance of the Quang Ninh Port Joint Stock Company in the Port of Cai Lan, the United States Department of Agriculture (USDA) and the United States Grains Council representatives.
— VietnamPlus

Tight credit cools City real estate
With banks tightening credit to the property sector the HCM City market is cooling off, traders said.
— Bizhub

Catch of the day: Seafood market open or beachside business on Vietnam’s central coast
Fish and other seafood are pulled fresh out of the water and onto the market stalls in Quang Nam Province.
— VnExpress

Vietnam’s labour productivity increases in 5 years
The average labour productivity in Vietnam increased from 1,700 USD per laborer in 2006 to 2,672 USD in 2017, according to the Vietnam Institute for Economic and Policy Research (VEPR).
— VietnamPlus

VN exporters must self-verify origin from 2019
Viet Nam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP).
— Bizhub

​Vietnam inaugurates $264m deepwater seaport
Part of a multibillion-dollar seaport was put to use on Monday in Hai Phong – the coastal city considered as the key port gateway to the world in northern Vietnam.
— Tuoi Tre

Vietnam fifth biggest remittance recipient in Asia-Pacific: report
Vietnam was the fifth biggest remittance recipient in the Asia Pacific region in 2017, the International Fund for Agricultural Development (IFAD) said in a report released on Monday.
— Tuoi Tre

Central key economic region seeks to boost cooperation
Provinces in the country’s central key economic region must promote the linkage and cooperation with each others, instead of competition as currently, to boost the growth of the whole region.
— The Hanoi Times

State-owned firms could have wage autonomy
The Ministry of Finance has proposed salary reform that will allow state-owned firms to decide salaries so that boards of directors will be hired rather than appointed as currently.
— VietnamNet Bridge

Delta improves PCI ranking
The Cuu Long (Mekong) Delta region have improved their rankings in the Provincial Competitiveness Index (PCI), the head of Viet Nam Chamber of Commerce and Industry (VCCI)’s legal department has said.
— Bizhub

Vietnam’s logistics M&A lures foreign investment
Foreign investors have participated strongly in Vietnam’s logistics industry through merger and acquisition (M&A) deals as the industry is projected to account for 8-10 percent of the nation’ GDP by 2025.
— The Hanoi Times

Vietnamese freight businesses need to improve service supply capabilities: experts
Vietnam possesses huge potential for the development of its transportation industry, however, Vietnamese freight businesses need to enhance their professionalism and prestige in order to be able to compete against international firms.
— Nhan Dan Online

Red carpet, tax incentives not enough for SEZ: experts
Phu Quoc, Van Don and Bac Van Phong, in order to develop into powerful SEZs, need to have an outstanding business environment and new institutional policies, experts say.
— VietnamNet Bridge

Việt Nam seeking sustainable transport solutions
Việt Nam expressed its appreciation to Sweden for sharing expertise on good practices and technologies to support the development of public transport, Deputy Transport Minister Lê Đình Thọ said on Monday.
— Viet Nam News

Mitra Adiperkasa to introduce sushi franchise in Vietnam
Multi-brand lifestyle company PT Mitra Adiperkasa in its overseas operations this year is focusing on Vietnam, following a positive trend of growth in its businesses in the country.
— The Jakarta Post

Raising awareness for young people about climate change
The latest indicators of climate change and rising sea levels in Việt Nam suggest that the country is at risk in the near future.
— Viet Nam News

Rising costs in China make African entrepreneurs look to Vietnam
African nations have been turning to Vietnam as the business environment in China becomes increasingly more difficult.
— VnExpress

Delayed paper project revoked
The central province of Quảng Ngãi has revoked the investment licence of the Tân Mai pulp and paper production plant due to delayed construction and operation and incomplete land-use certificate procedures as well as poor finance.
— Viet Nam News

Listening to women’s voices in Vietnam’s energy debate
Listening to women in the villages, and involving government officials in the conversation, key to a greener future, says Vietnamese activist Khanh Nguy Thi.
— Eco-Business

Kim Jong-un believes North Korea should follow Vietnam’s economic reforms: report
Kim shared the point at a summit with his southern counterpart and is expected to discuss it with Trump next month.
— VnExpress

 

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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