Vietnam morning news for August 29

Vietnam morning news for August 29

Vietnam morning news

Google to shift Pixel smartphone production from China to Vietnam as sales soar
Google is moving aggressively to shift production of its Pixel smartphone from China to Vietnam as it seeks to build a low-cost supply chain in Southeast Asia that will serve as a springboard for its growing hardware ambitions.
— Nikkei Asian Review (paywall)

Vietnam Airlines to offer Wi-Fi on certain flights in October
National flag carrier Vietnam Airlines said it would offer Wi-Fi on some of its Airbus A350 aircraft from October 10.
— VnExpress

Vietnam to revise up 2011-2017 GDP size by 25.4%
Vietnam will revise up the size of its gross domestic product (GDP) by 25.4% for the 2011-2017 period, the head of General Statistics Office said on Wednesday, in a move that could impact the Communist-ruled country’s strictly controlled debt ceiling.
— Financial Post

Grab reveals details of Vietnam investment plan, to invest US$500M over 5 years
Grab also plans to support the government’s key national policy priorities in three main areas First announced during an exclusive interview with Reuters, Southeast Asian ride-hailing giant Grab today revealed more details of its investment plan in Vietnam, one of its top market.
— e27

Vietnam a new promised land for retail franchisers
More international franchises want to penetrate the market to capitalize on the fast-growing demand in food and beverage, retail, and various services.
— The Hanoitimes

Steel firm Pomina to raise capital by 15 per cent
Pomina Steel Corporation (Pomina) plans to issue more than 36.33 million shares to raise its charter capital by 15 per cent to VNĐ2.8 trillion (US$120.2 million).
— Viet Nam News

New Corporate Governance Code brings best practices to Vietnamese firms
This is the first corporate governance code developed and released specifically for the Vietnamese market, in compliance with current legislation.
— The Hanoitimes

Vietnam seeks ‘peaceful’ solution to South China Sea tensions
Vietnam will work with its Southeast Asian neighbors to seek a peaceful solution to tensions in the South China Sea, Prime Minister Nguyen Xuan Phuc told reporters here Tuesday after a meeting with Malaysian counterpart Mahathir Mohamad.
— Nikkei Asian Review (paywall)

Dr M pays courtesy call on Vietnamese president
Visiting Malaysian Prime Minister Tun Dr Mahathir Mohamad paid a courtesy call on the President of Vietnam, Nguyen Phu Trong, here today.
— Malay Mail

HCM City approves 3 waste-to-energy projects
The HCM City People’s Committee has approved the construction of three plants to generate electricity from waste using advanced technologies, and work on them will start in September and October, according to the city Department of Natural Resources and Environment.
— Viet Nam Net

Agricultural exports rake in $26 billion in eight months
The total export turnover of agricultural, forest and seafood products reached more than US$26 billion in the first eight months of this year, marking a year-on-year increase of 1.6 per cent.
— Viet Nam News

‘Malaysia, Vietnam encroaching on Philippine EEZ too’
Defense Secretary Delfin Lorenzana said it’s not only China that is encroaching on the 200-mile exclusive economic zone of the Philippines, because Malaysia and Vietnam are encroaching too.
— The Philippine Star

EVFTA brings many benefits for protecting intellectual property rights in VN
The EU-Việt Nam free trade agreement (EVFTA) is expected to bring many benefits in protection of intellectual property rights in Việt Nam.
— Viet Nam News

HCM City infrastructure firm to sell treasury shares
The HCM City Infrastructure Investment Joint Stock Company (CII) wants to offload 35.3 million treasury shares for at least VNĐ32,650 (US$1.40) per share.
— Viet Nam News

Vietnam supports private sector to access OFID resources: PM
The OPEC Fund for International Development expects to become Vietnam’s credible partner in development, said the fund’s executive.
— The Hanoitimes

Water firms draw investors thanks to good business results
The first half of 2019 was solid for most water sector enterprises.
— Viet Nam News

Netflix looks to invest in Việt Nam
Netflix wants to invest in Việt Nam and is committed to complying with Vietnamese laws and paying adequate taxes, Netflix’s Managing Director for Asia Pacific Kuek Yu-Chuang has said.
— Viet Nam News

Five more officials prosecuted in Mobifone’s AVG purchase case
The Investigation Police Agency under the Ministry of Public Security has begun legal proceedings against another five officials of the State-owned telecommunications giant Mobifone for their role in a major corruption case.
— Viet Nam News

Mintal Group Inks MoU to Build Stainless Steel Plant in Vietnam
Chinese Steel Company Mintal Group Co Ltd signed a MoU to build a ferrochrome & stainless steel plant in the Ngi Son economic zone in the central part of Thanh Hoa province of Vietnam at an investment of USD 2 billion.
— Steel Guru

HCM City seeks to take promotion path to increase exports
The 2019 Export Promotion Forum held in HCM City on August 27 discussed the strengthening of trade promotion to enhance production and exports by city businesses.
— Viet Nam News

Vietnam, Cambodia to enhance ties in border management, defence
The Border Guard High Command of Vietnam and the Ministry of National Defence of Cambodia held a meeting on August 27 to discuss border management and defence.
— VietnamPlus

Conference to promote Việt Nam as emerging tech, innovation hub
The third International Conference on Information Technology Outsourcing in Việt Nam will be held in HCM City in October.
— Viet Nam News

Vietnamese healthcare startup Med247 gets seed funding from KK Fund, broadens users coverage
Med247 manages to secure its seed funding round prior to its business launch Med247, an offline-to-online (O2O) healthtech startup that facilitates app-based post-treatment after offline visit to its clinic in Vietnam, announces an undisclosed amount of investment from KK Fund, a venture capital (VC) firm that mainly invests in seed-stage internet.
— e27

VN stocks fall as investors face uncertainties
Vietnamese shares reversed to negative territory at the end of Tuesday as investors wanted to exit from local assets amid worries about the uncertainty of the global markets.
— Viet Nam News

Vietnamese goods in spotlight in Mozambique
During the event, Vietnamese Ambassador in Mozambique Lê Huy Hoàng introduced Vietnamese agricultural products and consumer goods to local enterprises and people.
— Viet Nam News

Nghệ An company fined $25,600 for pollution
Lê Hang Vinh, Vice Chairman of Nghệ An Provincial People’s Committee, issued a decision on Monday to fine Nghệ An Urban Construction and Environment Joint Stock Company VNĐ594 million (US$25,600) for pollution.
— Viet Nam Net

Kiên Giang calls for investment in three projects in Phú Quuc
The Mekong Delta province of Kiên Giang is seeking investment for three new projects on the island of Phú Quuc with investment totalling more than VNĐ4.85 trillion (US$208.5 million).
— Viet Nam News

Customs sector intensifies fight against origin-related frauds
The General Department of Vietnam Customs (GDVC) has ordered customs agencies in provinces and cities to intensify inspections to fight origin-related frauds, violations of intellectual property (IP) rights and illegal transport of import-export goods.
— VietnamPlus

PM hails OFID-funded projects in Việt Nam
Prime Minister Nguyễn Xuân Phúc received Director General of the OPEC Fund for International Development (OFID) Abdulhamid Alkhalifa in Hà Nội on Tuesday, saying OFID-funded projects had helped improve Vietnamese people’s lives.
— Viet Nam News

Vietnam customs, USAID promote trade facilitation
Inefficient border procedures are preventing Vietnam from improving its trade competitiveness.
— The Hanoitimes

VN, Russia to boost trade cooperation
The Vietnam Association of Retailers (AVR) on Tuesday organised the Việt Nam-Russia Trade Connection programme introducing Russian products in Hà Nội.
— Viet Nam News

Over 73.2 mln USD to develop hi-tech agriculture projects in Bình Phước
Three high-tech agriculture projects in the southern province of Bình Phước will receive more than VNĐ1.7 trillion (US$73 million) in investment under an agreement inked between the provincial People’s Committee and its partners on Monday.
— Viet Nam News

Deal to develop three high-tech agriculture projects worth $73m inked in Bình Phước
Three high-tech agriculture projects in the southern province of Bình Phước will receive more than VNĐ1.7 trillion (US$73 million) in investment under an agreement inked between the provincial People’s Committee and its partners on Monday.
— Viet Nam News

DDB Vietnam awarded full spectrum of marketing services by Ninja Van
DDB Group Vietnam has won the highly coveted business for Southeast Asian logistics company Ninja Van. The agency will take responsibility for the full spectrum of marketing services, including ATL, BTL, on-ground and digital, for the fast-growing delivery service across Vietnam.
— Mumbrella

Vietnam values strategic partnership with Thailand: NA leader
Vietnam always attaches great importance to the reinforcement and development of the strategic partnership with Thailand, Chairwoman of the National Assembly Nguyen Thi Kim Ngan said during talks with Speaker of the Thai House of Representatives Chuan Leekpai in Bangkok on August 27.
— NDO

Laos, Cambodia, Vietnam formulate tourism development plan
Tourism officials from Cambodia, Laos and Vietnam (CLV) are discussing a draft plan on tourism development in the triangle area covering 13 provinces of the three countries.
— Xinhua

HCM City wishes to learn from Singapore’s startup experience
Ho Chi Minh City wants to learn from Singapore’s startup stories, Secretary of the municipal Party’s Committee Nguyen Thien Nhan said on August 27.
— VietnamPlus

Clock ticking for Canberra mum and son facing deportation to Vietnam over Hepatitis B
Despite recent changes making it easier for migrants with chronic health conditions to attain permanent residency, Sidney Vo has to leave.
— ABC

Korea seeks healthcare ties with Vietnam under New Southern Policy
The Moon Jae-in administration has begun to push for New Southern Policy, pursuing stronger ties with Southeast Asian countries, in the public health sector.
— Korea Bio Md

 

Feature photo Prachatai English

This week’s Vietnam morning news feature photo focus on International Day of the Victims of Enforced Disappearances, August 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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