Vietnam morning news for August 21

Vietnam morning news for August 21

Vietnam morning news

Central city to boost cashless transactions
The city of Đà Nẵng, the region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.
— Viet Nam News

Chinese steelmaker plans to put up $2-billion plant in Vietnam
Mintal Group wants to build a $2-billion plant in the central province of Thanh Hoa producing carbon ferrochrome, stainless steel and non-ferrous metals.
— VnExpress

Vietnamese mango industry increases production to meet soaring demand from China
The R2E2 mango variety was introduced from Australia in 2003 to Vietnam. A few years ago, Vietnamese farmers increased their production by almost 10 times due to the soaring demand from China.
— Fresh Plaza

New ecotourism model in Da Nang attracts tourists
More families are now leaving behind the bustle of urban life for the quiet, relaxing atmosphere of the countryside. This new ecotourism model in the central city of Da Nang has been drawing the attention of both local and domestic holidaymakers.
— VietnamPlus

Cambodia rejects Vietnam’s request over granting citizenships
The Cambodian government has rejected a request by Vietnamese government to grant Cambodian nationality to Vietnamese people living in the Kingdom, an official said.
— Khmer Times

Deputy PM calls for measures to boost public investment disbursement
Deputy Prime Minister Vuong Dinh Hue has urged the concerned parties to accelerate the speed of public investment disbursement, which has seen slow progress in the past seven months.
— NDO

Vietnam’s problem loan ratio forecast to decline to 4.8% at end-2020: Moody’s
The stable outlook for Vietnam`s banking system reflects the country`s robust economic performance, which will support asset quality and profitability.
— The Hanoitimes

HCM City lures $3.6 billion of FDI in seven months
HCM City attracted about US$3.63 billion of foreign direct investment (FDI) capital in the first seven months of this year, marking a year-on-year increase of 15.2 per cent, according to the municipal People’s Committee.
— Viet Nam News

Spain sends the first seedless grapes to Vietnam this week
This week Spanish seedless grapes will be sent to Vietnam for the first time. This market and that of China were recently opened for Spanish grape exporters as a result of trade missions and conversations between the representatives of the main Spanish producing companies and the importers and authorities of these countries.
— Fresh Plaza

Vietnam edges towards a succession crisis
As Vietnam begins preparations for the Communist Party’s 13th National Congress in early 2021, a quinquennial event at which the nation’s next leaders will be decided, cadres’ and cliques’ positions on China could determine who wins and who loses.
— Asia Times

In Hanoi, US generals show support for Vietnam’s rights to defend sovereignty
The US will cooperate with Vietnam in defense and continue its operations in the South China Sea.
— The Hanoitimes

Vietnam’s SaaS startup, KiotViet wants to digitalize Vietnam-based SMEs’ Inventory
Vietnam’s Citigo Software-owned software-as-a-service (SaaS) company, KiotViet has raised US$6 million in a Series A funding round from venture capital firm Jungle Ventures, and an online travel aggregator Traveloka.
— Vietnam Insider

Vingroup to support science and technology projects
Vingroup Innovation Foundation (VINIF) on Monday announced a VNĐ124 billion (US$5.32 million) for 20 science and technology projects.
— Viet Nam News

Vietnam movie, with 13-year-old actress in sex scenes, yanked out of cinemas in Vietnam
In July, at the Bangkok Asean Film Festival, Vietnamese movie The Third Wife was honoured with a Special Mention prize, with the jury noting its meticulous craftsmanship, strong acting and confident directing.
— The Straits Times

IMF pledges further support for Vietnam
The International Monetary Fund (IMF) will continue to cooperate with and assist Vietnam in policy consultancy and capacity improvement, the IMF’s newly-accredited Resident Representative in Vietnam Francois Painchaud has said.
— NDO

Apartment buildings to have co-holders of maintenance fund
The Ministry of Construction’s latest draft regulations on apartment building management and use stipulates that there should be three to five co-holders of the apartment maintenance fund.
— Viet Nam News

Container Throughput in Vietnam Sets New Record in 2018
Vietnamese ports handled a total of 12,930,071 TEUs of containers in 2018, growing 8% year on year from 11,965,614 TEUs and setting a new yearly record, according to statistic compiled by the Vietnam Seaports Association (VPA).
— Hellenic Shipping News

JLL Vietnam: Investors look for M&A property in Việt Nam
Investors are looking industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land bank and operating real estate, Jones LaSalle Vietnam Co Ltd (JLL Vietnam) said in a statement.
— Viet Nam News

Southeast Asia startup RedDoorz raises US$70 million in Series C funding
RedDoorz, the Southeast Asia’s hotel management and booking platform, announced it has raised US$70 million at first close of a larger Series C funding on Monday.
— Viet Nam News

Vietnamese boy smuggled into the UK in suitcase writes letter thanking those who saved him
In May 2018, Border Force officers at Dover Port stopped 20-year-old Andrei Iancu for a vehicle check.
— CNA

Chinese firm to invest in $2b factory in Thanh Hóa
Chinese steel firm Mintal Group Co. Ltd has expressed a desire to build a Ferocrom, stainless steel and non-ferrous metal factory in central Thanh Hóa Province’s Nghi Sơn economic zone.
— Viet Nam News

VietJet Soon to Launch Direct Flights From Delhi to Vietnam
VietJet, the airline known for their air hostesses breaking out into happy bikini dance is finally launching direct flights to India. There are going to be alternate flights from Ho Chi Minh City and Hanoi to New Delhi this December onwards. Essentially, they’ll have daily flights from Delhi to the two big cities of Vietnam.
— India.com

Typhoon Season in Vietnam: How to Prepare Your Business
Vietnam’s coast along the South China Sea makes it prone to typhoons. While this geography makes the country ideal for trade and supply chains, seasonal typhoons often cause infrastructural damage, which disrupts business as usual.
— Vietnam Briefing

Front leader: Vietnam ready to share reform experience with Cuba
President of the Vietnamese Fatherland Front Tran Thanh Man has affirmed that Vietnam is ready to share reform experience with Cuba.
— NDO

Vietnam Activists Stage Rare Anti-China Protest Amid Concerns Over Survey Ship
Four activists in south-central Vietnam’s Khanh Hoa province were detained by police on Sunday morning for staging an anti-China protest at a landmark popular with Chinese tourists in the provincial capital Nha Trang, one of the protesters said.
— Radio Free Asia

Carpio corrects Cayetano: Malaysia, Vietnam occupy no feature in Philippine EEZ
Supreme Court Senior Associate Justice Antonio Carpio on Tuesday said Vietnam and Malaysia occupied no portion of the Philippines’ exclusive economic zone (EEZ) in the West Philippine Sea.
— GMA Network

Vietnam on rise for Australian investors: Australian Financial Review
Vietnam is on the rise for Australian investors, said an article published on the Australian Financial Review ahead of Prime Minister Scott Morrison’s upcoming visit to the Southeast Asian nation.
— VietnamPlus

Blockchain tech is applicable in many banking activities: expert
Blockchain technology can be used in many different fields of modern economics, especially banking activities, banking expert Cấn Văn Lực has said.
— Viet Nam News

Exhibitions mark 50-year implementation of late President’s Testament
More than 250 documents, objects, photos and documentaries featuring Vietnam’s achievements during the 50-year implementation of President Ho Chi Minh’s Testament are on display at the Hanoi-based Ho Chi Minh Museum.
— VietnamPlus

GIZ supports Vietnam in taking advantage of int’l trends in power sector
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) helps Vietnam develop its energy sector in the most effective and smartest way.
— The Hanoitimes

Demand for organic fertilisers rising steadily
Many fertiliser companies are steadily increasing production of organic fertilisers since they expect demand for them to rise sharply over the coming years.
— Viet Nam News

Blackstone Minerals unearths new nickel targets in Vietnam
Multi-commodity exploration company, Blackstone Minerals, has nailed a plethora of new nickel exploration targets from its maiden geophysical survey program at the emerging Ta Khoa project, west of Hanoi, in northern Vietnam.
— Vietnam Insider

Mud drilling firm revenue down a third in Q2
PetroVietnam Mud Drilling Corporation has reported its Q2 revenue dropped 34 per cent year-on-year to VNĐ413 billion (US$17.76 million).
— Viet Nam News

Increased Demand for Cyber Security Solutions in Vietnam: Ken Research
Increased Demand for Cyber Security Solutions in Vietnam Driven by Surging Digital Penetration, Investments by the SMEs on Cyber Security Solutions and Increase in Cyber Threat Incidents: Ken Research.
— Vietnam Insider 

Officials arrested, auto firm may not be listed in 2019
The recent arrest of former directors at the Vietnam Engine and Agricultural Machinery Corporation (VEAM) has derailed the company’s future business plan.
— Viet Nam News

Korea Kolmar established a new unit in Vietnam
The Korean cosmetics maker injected around 10 million won ($8,260) in Hankol Healthcare Vina and plans to raise more funds by issuing additional shares worth 500 million won later this year.
— Vietnam Insider

Drought in Phú Yên destroys several hectares of forest
The prolonged severe drought has dried up thousands of hectares of protection forest in the southern coastal province of Phú Yên, causing many forest fires.
— Viet Nam Net

Shares move up with strong divergence among large-caps
Shares narrowed gains towards the end of the trading session on Monday but still managed to post slight gains, witnessing a large divergence among large-caps.
— Viet Nam News

 

Feature photo IFRC

This week’s Vietnam morning news feature photo focuses on World Humanitarian Day, August 19.

 

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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