Vietnam morning news for September 5

Vietnam morning news for September 5

Vietnam morning newsVietnam spends US$60 million importing cars last week
From August 24 to 30, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam`s market, respectively, accounting for 94% of total cars imported to Vietnam.
— The Hanoi Times

DHL eCommerce going green in Malaysia & Vietnam
People receiving parcels and packages by DHL in Vietnam or Malaysia can soon start feeling less guilty about the carbon footprint generated by motorised door-to-door delivery services.
— AEC News Today

Government directs capital hike for State-owned banks
The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting.
— Bizhub

VN to spend $2.9b on advertising
More than VNĐ68 trillion (over US$2.9 billion) is expected to be spent on media advertising by companies in Việt Nam, with fast-moving consumer goods (FMCG) manufacturers to make up the bulk of the spending.
— Viet Nam News

Cement industry records impressive export growth
The domestic cement industry achieved impressive results in exports over the first eight months of this year to reach the target for the whole year.
— Bizhub

Vietnam’s phone export surges in 8 months
Vietnam earned nearly 30.9 billion U.S. dollars from exporting phones and their components, mainly to the United States, the European Union, South Korea and Southeast Asia, in the first eight months of this year, up 15.7 percent on-year.
— Xinhua

Vietnam’s cotton imports surpass $2 billion from Jan-Aug
Việt Nam spent more than US$2 billion on importing cotton in the first eight months of 2018 – the biggest amount ever spent by the garment and textile sector.
— Viet Nam News

New poultry plant to open in Vietnam
Vietnamese manufacturer Hoa Phat Phu Tho Poultry is to open a new state-of-the-art hatchery in Phu Tho, Hanoi.
— GlobalMeat

In Vietnam, early-season floods warn of climate change risks to come
The floods came early this year in Tua Sin Chai, a remote village in Vietnam’s northern highlands. In June, heavy rainfall unleashed landslides that tumbled through this hillside village, killing a family of four.
— Reliefweb

Vietnamese goods showcased for global market
More and more Vietnamese companies are taking the initiative by showcasing their products overseas.
— Viet Nam News

Textile-garment exports hit US$19.4 billion in eight months
The exports of textiles and garments were reported at US$19.5 billion in the first eight months of 2018, an increase of 14.9% over the same period in 2017.
— Nhan Dan Online

Vietnam’s fruit, veggie import rises 12 pct in 8 months
Vietnam spent over 1.1 billion U.S. dollars importing fruits and vegetables in the first eight months of this year, up 12 percent on-year, its Ministry of Agriculture and Rural Development said on Tuesday.
— Xinhua

Vietnamese steel faces 8 trade remedy cases in a month
Vietnamese steel has faced nearly 10 trade remedy cases in just over a month, which has once again put the industry under great pressure from trade barriers in other countries.
— VietnamPlus

Tra fish shipments give hope to aquatic product exports
Tra fish (pangasius) exports are likely to surpass 2 billion USD for the first time this year, presenting an opportunity for Vietnam’s aquatic product exports to realise or even exceed its yearly goal of 9 billion USD.
— VietnamPlus

Company to invest 700 billion VND in Nga Bay floating market
A company has proposed to the authorities of the Mekong Delta province of Hau Giang a plan to develop tourism at the local famous Nga Bay floating market, Nga Bay town, at a cost of more than 700 billion VND (nearly 30 million USD).
— VietnamPlus

PPP investment in Vietnam’s infrastructure and impact of EVFTA and CPTPP
Improved PPP rules are expected to revitalize investment in infrastructure projects in Vietnam, but legal entanglements remain investor concerns.
— VnExpress

Korea Infrastructure Management plans US$3.2-billion resort project in Vietnam
The firm expressed interest in developing tourism in the city, especially through the Paradise Golf Resort and Bau Trung residential area.
— The Hanoi Times

Vietnam consumer confidence level drops slightly in Q2: survey
The Vietnam consumer confidence remained stable in the second quarter of this year with an index score of 120 percentage points, down 4 points against the previous quarter, showed a survey conducted in collaboration with global information and measurement firm Nielsen.
— Xinhua

Auto tyre importers required to show conformity certificate
Businesses will have to show certificates of conformity when they conduct customs procedures to import auto tyres into Viet Nam.
Bizhub

Vietnam manufacturing sector grows solidly during August
The health of the sector has now strengthened in 33 successive months.
— The Hanoi Times

Limes sets foot in Vietnam to pursue 1-GW renewables pipeline
Limes Renewable Energy announced today that it has set up offices in Vietnam, where it has an existing project pipeline of around 500 MWp and is evaluating a further 500 MWp.
— Renewables Now

Vietnam jails two Vietnamese-Americans for 14 years over bomb plots
A Vietnamese court found two Vietnamese-Americans guilty of terrorism on Wednesday and sentenced them to 14 years in prison for masterminding a series of bomb plots earlier this year, a court official told Reuters.
— Reuters

Japan, Vietnam to launch dioxin cleanup project
A Japanese engineering firm and Vietnam’s Defense Ministry will start a project to decontaminate soil tainted with the defoliant Agent Orange, which the US military used during the Vietnam War.
— NHK World

Spam messages plague Vietnam phone users
Congratulation! You are this week’s winner. Send DKG to 9183 to receive a top-up card worth VNĐ200,000 (Bt280).
— The Nation

90% of social insurance fund invested in G-bonds
About 90 per cent of social insurance funds are currently invested in government bonds (G-bonds), Đào Việt Ánh, deputy general director of Việt Nam Social Security (VSS) said at a seminar last week.
— Viet Nam News

Coffee drinkers vote ‘local flavour’
Coffee has become a cornerstone of Vietnamese culture and a popular export item for decades. While foreign brands find it increasingly difficult to enter the lucrative market, domestic chains are more successful in catering to local tastes and have even begun to implement Fair Trade practices.
— VietnamNet Bridge

 

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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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