Vietnam morning news for August 12

Vietnam morning news for August 12

Vietnam morning news

Vietnam keeps goal of export value growth at 7.5 percent in 2019
The Ministry of Industry and Trade would not adjust its import and export goals despite current difficulties.

Foreign debts under Government’s control: Deputy PM
The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission in Hanoi on August 9.
— VietnamPlus

Convenience stores expected to be the next big thing in franchising in Việt Nam
After food and beverage and other sectors, it is the turn of convenience stores franchisers to eye the huge Vietnamese market.
— Viet Nam News

Taxi firms in Hanoi propose being allowed to operate like Grab
Traditional taxi firms attributed unfair tax obligation between them and ride-hailing firms to such a decision.
— The Hanoitimes

Vietnam grapples with trade probes as protectionism increases
Seven investigations have been launched Jan-July at the behest of foreign producers claiming unfair competition from Vietnamese goods.
— VnExpress

Vietnam spends US$3 billion on irrigation construction works
The country has mobilized nearly VND70 trillion (US$3 billion) to build irrigation construction in countryside districts for 10 years, said the Ministry of Agriculture and Rural Development at a yesterday meeting to review 10-year implementation of irrigation works in the government’s new rural plan.
— Sggp News

Phones and components top list of products with highest export revenue
Phones and components posted export revenue of US$27.29 billion in the first seven month of this year, leading in the rankings for goods with revenue of billions of US dollars during the period.

Vietnam’s taxis among cheapest in world
Fares in Vietnam five to ten times cheaper than in Japan and Europe, according to Taxi2Airport report.
— Vietnam Insider

Agribank gets green light for $218 mln bond issuance
The State Securities Commission has approved a VND5 trillion ($218 million) non-convertible bond issue by state-owned lender Agribank.
— VnExpress

Vietnam-China spat casts shadow over S. China Sea code of conduct
A weeks-long stand-off between China and Vietnam eased last week after a Chinese surveying ship and its coast guard escorts left Vietnam’s exclusive economic zone amid international lobbying by Hanoi.
— The Straits Times

Melia opens Innside property in Ho Chi Minh City
Melia Hotels International has opened its first Innside property in Vietnam.
— Business Traveller

Seafood restaurant with a view of stunning Hạ Long Bay
The new Hải Phòng highway has reduced the travel time from Hà Nội to World Heritage site Hạ Long Bay, making it possible to easily enjoy a two-day trip. Hạ Long Bay is so beautiful, we go there almost every summer and have never tired of it.
— Viet Nam News

Two women arrested in Vietnam seven years after selling girls to China
The Nghe An Province police have arrested two women after two teenage girls they allegedly trafficked to China in 2012 returned recently to Vietnam.
— VnExpress

Vietnam “lifeline” helicopter flies over York County
The organization says it looks exactly as it did in Vietnam when it supported the 170th Assault Helicopter Company.
— Fox43

Efforts made across country to overcome flooding consequences
After heavy rain triggered flooding raged across the country, floodwater has receded in many provinces where local authorities and residents have been making efforts to overcome consequences of flooding.
— Sggp News

Sumitomo Electric Industries, Ltd. established a representative office in Vietnam
Sumitomo Electric Industries, Ltd. announced that, the company has established a representative office in Vietnam to carry out marketing and other activities for expanding its hard metal cutting tool business in Vietnam.
— Vietnam Insider

First foreign pharma firm licensed to directly import drugs in Vietnam
Sanofi Vietnam has announced that it has received a licence to directly import drugs, becoming the first multinational corporation with such rights in the country.
— Vietnam Insider

Many Vietnam’s banks achieved half year’s profit target
Twelve out of the 25 commercial banks in Vietnam have announced half-year financial reports achieved more than 50 per cent of the annual profit target within the first half of this year.
— Vietnam Insider

Upturn seen in rubber exports in seven months
Rubber exports in the first seven months of this year rose in both volume and value, according to the Import-Export Department under the Ministry of Industry and Trade.
— Sggp News

Garment and textile exports increase 10.5% in seven months
The export revenue of Vietnam’s garment and textile industry was estimated at US$18.34 billion in the first seven months of 2019, a year-on-year increase of 10.5%, according to a report from the Ministry of Industry and Trade (MoIT).

Auto firm THACO chief increases ownership of HAGL Agrico
Tran Ba Duong has increased his stake in agriculture giant HAGL Agrico to 9 percent following his latest share acquisition on Wednesday.
— VnExpress

Vietnamese businesses strive to create another ‘Miracle on the Han River’
The first-ever Overseas Vietnamese Economic Forum (OVECOF) took place last June in the Songdo International Business District, Incheon City, which is now seen as the new symbol of the ‘Miracle on the Han River’ of the Republic of Korea. The event gathered over 300 Vietnamese enterprises in the country as well as hundreds of Korean businesses.

Vietnamese government is toughening standards for items to qualify as made in Vietnam to block Chinese detours
The Vietnamese government is toughening standards for items to qualify as made in Vietnam, Nikkei has learned, seeking to address American concerns over Chinese goods being exported indirectly through the Southeast Asian country.
— Vietnam Insider

Prolonged trade war threatens local market
Shares are forecast to suffer this week after negative developments in US-China trade relations.
— Viet Nam News

Vietnam Startup Day 2019 to commence on August 23
BSSC, an organization in Vietnam offering specialized support services to young start-ups, announced the Vietnam Startup Day 2019 will commence on August 23 and 24.
— Sggp News

Securities firms with smaller capitalisation dominate derivatives broking activities
After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share.
— Viet Nam News

Three investment strategies in Vietnam industrial real estate sector
Vietnam’s industrial sector is drawing an increasing number of foreign investors who typically follow three market entry strategies.
— The Hanoitimes

Over 9,000 runners join Da Nang International Marathon 2019
More than 9,000 runners from 67 countries and territories partook in the Da Nang International Marathon 2019 on August 11.

‘Stairways to heaven’ Insta-tourist traps raise eyebrows in Vietnam
‘Stairways to heaven’ – staircases that ascend into the sky and stop midair – are Vietnam’s hottest new Instragram trend, with international and domestic tourists alike rushing from various destinations in the country to snap photos on the impressive structures.
— Vietnam Insider

58 held in Da Nang karaoke parlor drug bust
Police detained 58 who tested positive for drugs after a Da Nang karaoke parlor raid early Saturday and are planning to admit some of them to rehab centers.
— Vietnam Insider

Remains of Vietnam War pilot flown home to Texas by son
The remains of 36-year-old Col. Roy Knight Jr. of Millsap arrived at Dallas Love Field. Southwest Airlines Capt. Bryan Knight flew the plane transporting the flag-draped casket in what he describes as the most important flight of his life.
— Vietnam Insider


Feature photo ILO Asia-Pacific

This week’s Vietnam morning news feature photo focus on life throughout the Asean Community.

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).


About Vietnam morning news.

Vietnam morning news roundup is the most comprehensive hand-curated selection of Vietnam English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Vietnam English language news today.

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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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