Vietnam morning news for August 30

Vietnam morning news for August 30

Vietnam morning newsVietnam posts US$1.7 billion worth of trade surplus in August
Vietnam enjoyed a trade surplus of US$1.7 billion in August, raising the total trade surplus in the first eight months of this year to US$3.4 billion, the General Statistics Office announced on August 29.
— NDO

Vietnam can’t cut China industry links over 5G issue
Viettel Group, Vietnam’s largest mobile telecom operator, has reportedly excluded China’s Huawei from its 5G rollout. If Vietnam bans Huawei because of geopolitical considerations, the Vietnamese economy will be hit harder by such action than the Chinese one.
— Global Times

Vietnam is ripe for private equity investors as US-China trade war drags on
The prolonged trade fight between the United States and China is reordering the global supply chain and Vietnam could stand to be a winner for investors, according to a senior executive at U.S. investment firm General Atlantic.
— CNBC

HRW Urges Australia to Pressure Vietnam to Respect Human Rights in Upcoming Dialogue
As Australia prepares to enter human rights discussions with Vietnam this week, Human Rights Watch urged Canberra to pressure Hanoi to stop suppressing of freedom of expression and release all its political prisoners.
— Radio Free Asia

Viet Nam to promote exports of organic fertiliser
The Ministry of Agriculture and Rural Development has set targets to increase the use of organic fertilisers by the end of next year.
— Viet Nam News

Most of customers in Vietnam prefer online financing
According to a customer survey conducted by Robocash Group in India, Indonesia, the Philippines and Vietnam, speed of service is the key advantage of online financing tools stated by 50.4% of users.
— Vietnam Insider

Vietnam c.bank warns of banks’ deposit mobilization race
Banks must maintain an appropriate deposit rates that would not cause instability and affect the average interest rate in the market, requested the Vietnamese central bank.
— The Hanoitimes

Vietnam Airlines unveils cash and miles payment method
Vietnam Airlines has announced that from 2 September 2019 passengers can combine cash with Vietnam Airlines Lotusmiles when buying air tickets – the first scheme of its kind in Vietnam.
— Travel Daily Media

Vietnam’s vibrant startup ecosystem lays foundation for social impact business: UNDP
Vietnam’s vibrant and rapid growth startup ecosystem lays solid foundation for social impact business (SIB), or social enterprise, to flourish, according to Catherine Phuong, UNDP’s assistant country director in Vietnam.
— The Hanoitimes

SOCO aims to expand investment in Vietnam
London-based SOCO International Plc hopes to expand its investment, exploration and exploitation, and improve the output of oil and gas in Vietnam, SOCO President and CEO Ed Story said on August 28.
— NDO

Customs sector fights fraud in goods origin
The General Department of Customs has required the customs departments of provinces and cities to intensify inspections to fight origin-related fraud, violations of intellectual property (IP) rights and illegal transport of import and export goods.
— Viet Nam News

PORK INDUSTRY RECEIVES $1.7 MILLION USDA GRANT FOR ASF PROJECT IN ASIA
The global outbreak of African swine fever (ASF), a disease affecting only pigs with no human health or food safety risks, is growing, with new cases appearing throughout Southeast Asia and China.
— Agriculture

High-tech agriculture project funded in Vietnam
Three high-tech agriculture projects in the southern province of Binh Phuoc will receive more than VND1.7 trillion (US$73 million) in investment under an agreement inked between the provincial People’s Committee and its partners on Monday.
— Fresh Plaza

Vietnam benefits from new global supply chain order
With manufacturing moving to Vietnam, with more employment getting created there, people having higher disposable income, that starts a trend of consumption story, said executive at US investment firm General Atlantic.
— The Hanoitimes

Brave Vietnam stands up to Beijing: Inquirer contributor
In his commentary, the writer commends Vietnamese vessels for protecting its exclusive economic zone ( EEZ) and driving away a Chinese survey vessel.
— The Straits times

Hanoi – Vietnam’s Leading FDI Destination
Vietnam’s capital Hanoi has drawn more than US$5.3 billion in foreign direct investment (FDI) projects in the first half of 2019, establishing itself as the country’s top FDI destination this year.
— Vietnam Briefing

Detained RFA Blogger in Vietnam Has First Meeting With Lawyer
An RFA blogger held in Vietnam on charges of corruption has been allowed to meet with a lawyer for the first time since he was abducted in Thailand earlier this year and forced back to Vietnam, his attorney told RFA on Thursday.
— Radio Free Asia

Vietnam hog producers retool to capture demand growth
Vietnam has become one of the fastest-growing feed markets in the world, with increases in demand for meat, milk and eggs from a middle class that is growing in number and influence, but the country also has been greatly affected by an outbreak of African swine fever (ASF).
— National Hog Farmer

Vietnam, Mongolia hold eighth political consultation
The eighth political consultation at the deputy foreign ministerial level between Vietnam and Mongolia was held in Hanoi on August 29.
— NDO

Vietnam, Australia boost farm produce trading
Minister of Agriculture and Rural Development Nguyen Xuan Cuong had a meeting with Australian Senator and Minister for Agriculture Bridget McKenzie in Hanoi on August 29, where they discussed measures to boost agricultural cooperation.
— NDO

Vietnam ETF Could Bounce on Trade War Winner Status
Trade wars don’t often produce winners. Just ask the U.S. and China. Long engaged in an epic trade spat, the world’s two largest economies are seeing economic data and their equity markets being pinched by the trade war.
— Etftrends

Vietnam joins F1 calendar in record 22-race 2020 season
Formula One announced a record 22-race season next year with Vietnam joining the championship and the Dutch Grand Prix making its return to delight Max Verstappen and his fans at the iconic Zandvoort circuit.
— France 24

DTA formalises digital ties with Vietnam
The Digital Transformation Agency has inked its first memorandum of understanding with a foreign government, pledging to share ideas with Vietnam on Australia’s digital government journey.
itnews

Social enterprises and sustainable development
Vi?t Nam has issued a number of policies to support the business sector to create social impact, however, these policies need to be complemented by activities to promote implementation.
— Viet Nam News

VN-Index down, blaze burns Rang Dong shares
Viet Nam’s benchmark VN-Index declined on Thursday morning as investors sought ways to leave large-caps and turned to smaller stocks amid uncertain market conditions.
— Viet Nam News

HDBank, MoneyGram sign deal for home remittance service
MoneyGram, a global provider money transfer and payment services, and HDBank on August 28 signed an agreement to provide home remittance delivery services in Vi?t Nam.
— Viet Nam News

Seafood exports pick up but challenges continue
While seafood exports increased slightly in July, Vi?t Nam continues to face challenges, experts told a conference held by the Vi?t Nam Association for Seafood Exporters and Producers in HCM City yesterday (August 28).
— Viet Nam News

Guangdong wishes to deepen co-operation with VN
Guangdong wished to co-operate with Vi?t Nam in infrastructure improvement, production capacity enhancement and cross-border economic development, said Vice Governor of China’s Guangdong province Ouyang Weimin.
— Viet Nam News

VN stocks down, worries remain over the market uptrend
Vietnamese shares ended Wednesday on a negative note as skepticism about a global economic recession and trade tensions weighed in on market sentiment.
— Viet Nam News

German enterprise eyes solar power in Ð?k L?k
Vi?t Nam’s Government always encourages the development and effective use of renewable energy sources.
— Viet Nam News

Vietnam, UK step up cooperation in administrative reform
The Government Office signed a memorandum of understanding on administrative reform cooperation with the UK’s Foreign and Commonwealth Office and Department for Business, Energy and Industrial Strategy in Hanoi on August 28.
— NDO

Hertz Asia Announces New Franchisee Partnership in Vietnam
New City Rent A Car to offer Hertz, Dollar and Thrifty services- Available in Ho Chi Minh City now, with Hanoi launching late 2019
— Yahoo News

Women-led businesses on the rise in Vietnam
Globally, women still struggle to reach top leadership positions and are also less likely to become entrepreneurs. But Vietnam, an emerging market in Southeast Asia is making progress in addressing the issue of gender equality.
— The Asean Post

Vietnam prioritizes quality in foreign investment over value
Vietnam wants FDI only in high-tech and clean sectors as concerns grow about projects with little investment that pollute the environment.
— VnExpress

Conference popularises Vietnam’s EVFTA commitments
Leaders of the Ministry of Industry and Trade, the northern localities of Quang Ninh, Hai Phong and Hai Duong as well as representatives of enterprises from across the nation attended a conference in Ha Long city on August 28 to get a thorough understanding of Vietnam’s major commitments in the just-signed EU-Vietnam Free Trade Agreement (EVFTA).
— VietnamPlus

Four Chinese fined for illegally entering and working in Vietnam
Binh Dinh Province has fined four Chinese nationals VND95 million ($4,000) for entering, staying and working illegally in the country.
— VnExpress

Vietnam Jan-Aug coffee exports likely fell 10.3% y/y – govt
Vietnam’s coffee exports in the first eight months of the year likely fell 10.3% from a year earlier to 1.19 million tonnes, while rice exports likely rose 0.1%, government data released on Thursday showed.
— Reuters

QR codes fail to meet expectations
Since early 2018, Hanoi’s consumers have been able to scan quick response (QR) codes to trace the origins of agricultural products sold at supermarkets and convenience store, however, the impact of this change has been limited because producers find the system difficult to apply and consumers do not fully trust the codes’ authenticity.
— VietnamPlus

Eight-month FDI disbursal rises 6.3 pct
Foreign investors brought in $11.96 billion in January-August, up 6.3 percent year-on-year, the Ministry of Planning and Investment says.
— VnExpress

Aviation roundup: Vistara, Vietjet and Delta Air Lines
India’s full-service carrier Vistara inaugurated its daily service to Bangkok, the third international destination in its network. Vistara will now fly daily between Delhi and Bangkok, and will be the only airline to offer the choice of premium economy class for travel between India and Thailand, in addition to business and economy classes.
— TTG Asia

 

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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