Vietnam morning news for August 2

Vietnam morning news for August 2

Vietnam morning newsVietnamese enterprises struggle to protect trademarks
In this era of economic integration, protecting trademarks means protecting the business, the Vietnam Chamber of Commerce and Industry chairman says.
— VnExpress

US investigates wind tower imports from Vietnam for dumping
The U.S. Department of Commerce has launched antidumping and countervailing duty investigations of wind towers imported from Vietnam and three other countries.
— VnExpress

Vietnam’s Bamboo Airways submits plan to triple fleet
Bamboo Airways (QH, Hanoi) is in the process of adding its maiden widebody aircraft, an ex-Vietnam Airlines A330-200. Going forward, the carrier is also eyeing leasing an A380-800 for its touted flights to the United States.
— Ch-avaition

Vietnam’s manufacturing activity jumps most in eight months
Should the purchasing managers’ index (PMI) remain around the current level for the rest of the quarter, PMI-based estimates suggest that manufacturing output will be set for further double-digit year-on-year growth in the third quarter of 2019, said an expert.
— The Hanoitimes

Vietnam accuses China of serious violation of sovereignty at ASEAN meeting
Vietnamese Foreign Minister denounced illegal activities by a Chinese oil survey vessel in Vietnamese waters at an ASEAN meeting on Wednesday.
— VnExpress

Vietnam’s wood, woodwork export rises 16.4 pct in 7 months
Vietnam gained nearly 5.7 billion U.S. dollars from exporting wood and wood-based products, mainly wooden furniture, in the first seven months, seeing a year-on-year increase of 16.4 percent, according to the country’s Ministry of Agriculture and Rural Development on Thursday.
— Xinhua

Indonesia, Vietnam seek middle ground to prevent more altercations at sea
Indonesia and Vietnam have begun talks on a “provisional arrangement” to prevent any further maritime skirmishes as they try to settle their overlapping claims to economic borders, which have been a source of tension between the Southeast Asian neighbors.
— The Jakarta Post

Vietnam’s Strange Ally in Its Fight With China
As heavily armed Vietnamese and Chinese coast guard ships stare each other down in the South China Sea near the submerged Vanguard Bank, Hanoi appears to have found its spine despite threats from its gigantic neighbor.
— Foreign Policy

Credit institutions expect improvemed business results
Under the business sentiment survey conducted in June, which covered all domestic and foreign banks in the country, many banks also expect an upward trend in their business for the whole of 2019.
— Viet Nam News

Commercial banks to lower lending interest rates by year’s end
A series of commercial banks announced on July 31 that they will reduce lending interest rates as of August 1until the end of this year for prioritised sectors and start-ups.
— NDO

VIB launches two new packages, gives away gold rewards
According to VIB, Sapphire and Gold package users will have these fees waived for an initial three months.
— Viet Nam News

Vietnam records more than 6,200 cyber attacks in seven months
As many as 6,219 cyber attacks have been recorded in Vietnam since the beginning of this year, an increase of 104 per cent compared with the same period in 2018, according to Vietnam Computer Emergency Response Team (VNCERT).
— Asia One

Trade facilitation must be accompanied by trade fraud prevention: Deputy PM
The reform of the custom clearance process must ensure greater trade facilitation and efficiency in tackling trade fraud activities.
— The Hanoitimes

Vietnam tech company NextTech pledges US$10M fund for early-stage startups
Next100 will have a combination of venture builder, ecosystem, and venture capital participating Vietnam-based tech company NextTech announces a total of US$10 million injected into Next100, a fund dedicated for backing early-stage startups.
— e27

The challenges of campaigning against wildlife trafficking in Vietnam
In late January, WildAid and the Ho Chi Minh City-based Center of Hands-on Actions and Networking for Growth and Environment (CHANGE) launched a graphic anti-wildlife trafficking campaign focused on three animals: pangolins, elephants and rhinos.
— Mongabay

Sharp plans Vietnam factory to sidestep trade war
Sharp said Thursday it has scrapped plans to produce displays for the American market in China and will instead build a new plant in Vietnam in order to avoid new tariffs being imposed in the long-simmering trade dispute between Washington and Beijing.
— Nikkei Asian Review

Asia Rice: Vietnam prices dip on fears Philippines could curb imports
Export prices for Vietnamese rice fell this week on fears major buyer Philippines could curb imports, while a drought in Thailand and widespread floods in Bangladesh hit supply in the Asian hubs.
— Yahoo News

Vietnam can hardly be ‘winner’ of trade war
Vietnam, the apparent candidate to pick up the windfalls of the China-US trade war, is showing concerns over its long- and short-term economic development, although the country has seen months of encouraging trade statistics.
— Global Times

Vietnam eyes 10 tech unicorns by 2030
Vietnam wants to have five billion-dollar tech firms by 2025 and 10 by 2030 as part of its plans for the Industry 4.0 adoption.
— VnExpress

Vietnam Railways launches rapid container freight train service
Vietnam Railways (VNR) has launched a container freight train service running between Yen Vien Station in Hanoi and Song Than Station in Binh Duong province with one trip taking 40 hours.
— NDO

China, Vietnam: Jail for Activists Speaking About Corruption
A Chinese court sentenced a human rights activist to 12 years in prison for leaking state secrets while a Vietnamese court sent seven activists behind bars saying they “caused public disorder.”
— occrp

Vietnam: Shipping fleet going from strength to strength
Viet Nams sea transport sector has maintained good growth recently with the volume of goods transported by the Vietnamese fleet reaching more than 81 million tonnes in the first half of 2019, a year-on-year increase of 16 per cent.
— Hellenic Shipping News

Vietnam’s first sea sand cleansing plant inaugurated
Vietnam’s first sea sand cleansing plant was put into service on Phu Quoc Island, off Kien Giang province, on July 31.
— NDO

Deputy PM urges for continuous reforms to facilitate trade
The relevant ministries and agencies should continue to simplify inspection procedures to facilitate trade, but always in conjunction with strengthening anti-commercial fraud and fraudulent origins.
— NDO

Masan sees Q2 profits plunge 50 pct
Vietnamese food and agricultural giant Masan earned Q2 post-tax profit of VND1.19 trillion ($50.76 million), down 50.3 percent year-on year.
— VnExpress

Nomura Real Estate acquires Zen Plaza building in Vietnam
Nomura Real Estate Development confirmed that, the company has acquired the 14-story Zen Plaza building in Vietnam’s Ho Chi Minh City in July, also buying the company which owns the tower. Nikkei Asia reports.
— Vietnam Insider

Hoa Sen after-tax profit surges 94 per cent
Steel maker Hoa Sen Group has reported a 94 per cent jump year-on-year in third quarter profit after tax to VNĐ161 billion (US$6.9 million).
— Viet Nam News

Asia holds lion’s share of Vietnam’s foreign arrivals
Vietnam’s tourism growth is driven mainly by Asian tourists who account for nearly 80 percent of total foreign arrivals in January-July.
— VnExpress

Seven-month trade surplus tops $1.8 billion
Việt Nam posted a trade surplus of US$1.8 billion in the first seven months of the year, much lower than $2.6 billion trade surplus seen in the same period last year, the latest report from the General Statistics Office (GSO) revealed.
— Viet Nam News

Vietnam top 10 brands value at US$7 billion, Vinamilk takes lead
Vinamilk retains the highest rank with a brand value of US$2.24 billion, followed by Viettel.
— The Hanoitimes

Hanoi Gift Show 2019 to promote local handicraft products
The eighth edition of the Hanoi Gift Show 2019 to be held from October 17-20 will include about 650 booths featuring handicraft products from traditional handicraft businesses from Hà Nội and around the country.
— Viet Nam News

Hanoi’s Tran Quoc Pagoda listed among world’s top 20 most beautiful Buddhist temples
Gold and bronze statues clutter altars throughout the temple, and three different female Buddhas, called “Mothers,” can be found in Trấn Quốc’s front courtyard.
— The Hanoitimes

Underground parking areas a must for Hà Nội
With the number of cars and bikes on the rise, Hà Nội should accelerate planning for underground parking, experts have said.
— Viet Nam News

Việt Nam artificial intelligence day to showcase latest tech
The 2019 Việt Nam artificial intelligence day (AI4VN) is scheduled to take place on August 15 and 16 in Hà Nội, featuring exhibitions, workshops, and performance of advanced technologies.
— Viet Nam News

Night economy – an irresistible charm of Hanoi
According to economists and tourism experts, it is not hard for Vietnam to devise proper strategies and promote a variety of services for night business activities providing that the policy-makers could identify the demand of tourists and understand the readiness of the locals.
— The Hanoitimes

HDBank reports record profit
The HCM City Development Joint Stock Commercial Bank, or HDBank, has reported a record pre-tax profit of VNĐ2.211 trillion (US$95.36 million) for the first half of the year.
— Viet Nam News

Enhancing competitiveness for agricultural products
Export is a profitable solution to serve people’s life; therefore, it is necessary to prioritise serving the domestic market first, said Minister of Agriculture and Rural Development (MARD) Nguyen Xuân Cường.
— Viet Nam News

Gov’t urges more work for connections to NSW
Deputy Prime Minister Vương Đình Huệ on Wednesday asked ministries to speed up the connection of administrative procedures under their management to the national single window (NSW) as the work remains slow.
— Viet Nam News

Workshop on open-ended mutual funds seeks to educate young investors
The open-ended mutual fund market has developed rapidly in recent years, with quarterly growth averaging 17.6 per cent since 2016, a workshop on investors and open-ended funds heard in HCM City yesterday.
— Viet Nam News

 

Feature photo Anti-Slavery International

This week’s Vietnam morning news feature photo focuses on World Day against Trafficking in Persons, July 30.

 

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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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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