Vietnam Morning News For August 13

Vietnam’s food and beverage sector draws foreign firms’ interest
Vietnam has become an increasingly attractive destination for international enterprises in the food, beverages and packaging industry thanks to its rapid economic growth and rising consumer demand.
— VietnamPlus

Vietnam emerges as a global pharmaceutical hub
According to experts, the boost in attractiveness of the Vietnamese market comes at a time when the business environment for drugmakers in neighboring countries has not been favorable.
— The Hanoitimes

Vietnam jumps 51 places in global cybersecurity rankings
Vietnam ranked 50th out of 175 countries in cybersecurity in the International Telecommunication Union (ITU)’s 2018 survey, a big jump from 2017.
— VnExpress

As China Looms, Vietnam Aims to Develop a More Modern, Skilled Navy
A Vietnamese military official advocates developing a more modern, better skilled navy that can hold off complex threats, mainly what experts believe to be increasing pressure from China.
— VOA

Vietnam’s seafood exports to China down on stricter inspection, yuan devaluation
Vietnam saw the value of its seafood exports to China fall in the first half of 2019 due to more inspections by Chinese authorities, more competition from Indian and Ecuadorian shrimp, and the steep devaluation of the yuan, China’s currency.
— Seafood source

Why Tech Startups in Vietnam Are Booming
Startups in Vietnam have access to all the conditions required to hatch multi-million dollar tech firms.
— Investasian

Viettel Global posts 47 million USD pre-tax profit in Q2
Viettel Global posted record pre-tax profit of 1.09 trillion VND (47 million USD) in the second quarter of this year.
— VietnamPlus

ODA and concessional loan disbursement hits US$1.226 billion
Vietnam’s disbursement of official development assistance (ODA) and concessional loans in the first seven months of 2019 reached US$1.226 billion, official data has shown.
— NDO

How Vietnam-NK ties can help denuclearization
This is the second in a series of interviews with ASEAN ambassadors on the occasion of the 30th anniversary of ASEAN-South Korea relations. — ED.
— Korea Times

More than 460 foreign trading accounts opened in July
The Vietnam Securities Depository (VSD) granted licences to 464 foreign investors in July, including 58 institutional investors.
— VietamPlus

Prudential to extend and enhance its partnership with PVcomBank
Under this agreement, Prudential Vietnam will offer its comprehensive financial protection and wealth management solutions through PVcomBank’s extensive network of 117 branches, giving consumers greater access to insurance and wealth management that fits their needs.
— Vietnam Insider

Hanoi and Quang Ninh boost linkage for enhanced trade, economic ties
Hanoi has been maintaining close relation with Quang Ninh, which is part of the northern economic triangle of Hanoi – Hai Phong – Quang Ninh, for trade promotion, administrative reform and tourism development.
— The Hanoitimes

Vietnam Starts Sunset Review of Safeguard Measure on Steel Billets & Rebar
The Trade Remedies Authority of Vietnam is verifying some domestic companies’ dossiers that seek a sunset review of the safeguard measure on steel billets and long steel products imported into the country.
— Steelguru

Treated as food and pet, Asian water dragon endangered in Vietnam
The Asian water dragon has been hunted and caught in such large numbers in Vietnam, endangering it, that scientists are calling for its protection.
— VnExpress

Dozens dead, six missing in Typhoon Wipha’s aftermath in Vietnam
Nearly 3,900 houses, more than 22,000 hectares of crops submerged in massive flooding in southern Lam Dong province.
— Aljazeera

3 Vietnamese killed by lightning in northern Vietnam
Three members of a family in Vietnam’s northern Yen Bai province were struck to death by lightning, Vietnam News Agency reported on Monday.
— Xinhua

Coffee giant Trung Nguyen opens new franchise
Trung Nguyen has opened E-Coffee, a small scale coffee shop franchise targeted at takeaway customers.
— VnExpress

Banks keen on green projects
Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.
— Viet Nam News

What are the highlights of real estate M&As in Vietnam in H1?
Quality of assets, rental growth, deal size, and land tenure are decisive for investment choices.
— The Hanoitimes

Defense Dialogue Puts Vietnam-Philippines Military Ties into Focus
Last week, Vietnam and the Philippines held the fourth iteration of their deputy defense ministerial dialogue.
— The Diplomat

Vietnam tank crew top group at Army Games
The Vietnamese tank crew topped Group 2 of the Tank Biathlon competition at the International Army Games 2019 in Russia.
— VietnamPlus

Pangasius, whiteleg shrimp prices recovering in Vietnam
The prices of pangasius and whiteleg shrimp in Vietnam have rebounded in the first days of August following a drop in previous months.
— Seafood source

HCM City eyes economic gain from treating garbage at landfills
Ho Chi Minh City plans to treat garbage buried at three non-active landfills, the municipal People’s Committee has said.
— VietnamPlus

Hanoi fosters ties with ASEAN counterparts
Hanoi delegation’s visit will contribute to strengthening the friendship and solidarity between the capital of Vietnam and ASEAN counterparts.
— The Hanoitimes

VN’s motorcycle market ranks 4th despite H1 sales decline
Việt Nam’s motorcycle market saw a year-on-year slump of 5.3 per cent with nearly 1.5 million sales in the first half of this year, according to motorcyclesdata.com which tracks motorcycle sales all around the world.
— Viet Nam News

Opportunities and challenges in the world of digital media in 2019
The digital duopoly of Google and Facebook will face unprecedented regulatory scrutiny, as Amazon muscles its way into the digital ad space.
— Vietnam Insider

Nội Bài Airport’s adjustment plan to be publicised this year
The Ministry of Transport will announce the adjustment planning of Nội Bài International Airport in the third quarter of this year.
— Viet Nam News

110 projects succesfully implemented by YSS volunteers in Vietnam
A group of Malaysian volunteers who went to Vietnam for a month-long community uplifting programme successfully completed 110 high-impact projects at four districts near Ho Chi Minh City.
— New Straits Times

Fair on Vietnamese goods slated for September in Hà Nội
An exhibition showcasing Vietnamese goods will be held at Sơn Tây town stadium in the capital city from September 26 to 30, organisers said at a press conference on the upcoming event on Wednesday.
— Viet Nam News

Vietnam’s F&B – a magnet for foreign investors
The high growth rate of the F&B sector, which reaches 7% per year and accounts for 15% of the country’s GDP, is attributed to strong interest from foreign investors.
— The Hanoitimes

VN stocks up, trade war still worries investors
Vietnamese shares made slight gains on Monday morning while investors remained cautious amid the uncertainty of global markets.
— Viet Nam News

Pork prices continue to rise on African swine fever, increasing demand
The price of pork with clear origins has increased sharply all over the country because of the impact of African swine fever (ASF)
— Viet Nam News

Vietnam wins many awards at International Violin and Chamber Music Competition
The 2019 International Violin and Chamber Music Competition officially wrapped up in Hanoi on August 11 after more than a week of competition.
— NDO

VN’s motorcycle market ranks 4th despite H1 sales decline
Vi?t Nam’s motorcycle market saw a year-on-year slump of 5.3 per cent with nearly 1.5 million sales in the first half of this year, according to motorcyclesdata.com which tracks motorcycle sales all around the world.
— Viet Nam News

F88 issues US$4.3 million corporate bonds
F88 has successfully issued corporate bonds totaling VND100 billion ($4.3 million) after just two weeks of being offered.
— Vietnam Insider

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

Fair on Vietnamese goods slated for September in Hà N?i
An exhibition showcasing Vietnamese goods will be held at Son Tây town stadium in the capital city from September 26 to 30, organisers said at a press conference on the upcoming event on Wednesday.
— Viet Nam News

Convenience stores expected to be the next big thing in franchising in Vi?t 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

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).

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