Vietnam morning news for August 7

Vietnam morning news for August 7

Vietnam morning newsVietnam mulls importing US coal for power generation as it looks to narrow trade surplus
Vietnam is considering importing coal from the United States to meet rising demand for fuel for power generation, state media reported on Tuesday (Aug 6), as the South-east Asian country plans to build more coal-fired power plants.
— The Straits Times

Vietnam’s government-guaranteed debts hit US$27.7 billion
Many projects guaranteed by the government have been in difficult financial situation and cannot service debt.
— The Hanoitimes

Vietnam police disperse protest at Chinese embassy over South China Sea standoff
Vietnamese police on Tuesday broke up a brief protest outside the Chinese embassy in Hanoi against Beijing’s maritime survey of an offshore block in the southeast Asian nation’s exclusive economic zone (EEZ), a Reuters witness said.
— Euro News

Thousands of Vietnamese bank’s employees ‘quit’
In addition to fluctuating business performance, 2019’s first half also saw staff fleeing banks by the thousands.
— Vietnam Insider

Vietnam Airlines preps for A330 phase-out, eyes narrowbodies
Vietnam Airlines (VN, Hanoi) has secured two A320-200neo from Air Lease Corporation on longterm contracts. A press release said the jets will deliver from Airbus (AIB, Toulouse Blagnac) in the autumn of 2020.
— Ch-avaition

Vietnam’s retail sales reach 120.36 billion USD in seven months
Total retail sales of goods and services in Vietnam in the first seven months of the year rose 11.6 percent from the same period in 2018 to reach 2.8 quadrillion VND (120.36 billion USD).
— VietnamPlus

Vietnam calls for efforts to end nuclear arms race
Ambassador Duong Chi Dung, head of Vietnam’s permanent mission to the United Nations in Geneva, has affirmed Vietnam’s support for efforts to disarm nuclear weapons through regional and international multilateral mechanisms.
— VietnamPlus

Tuna exports to Italy shoot up 60 percent in H1
Vietnam gained 13.3 million USD from exporting tuna to Italy in the first half of 2019, a year-on-year surge of 60 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
— VietnamPlus

8 reasons behind gap in Vietnam’s productivity level and regional peers
GDP growth based on high productivity is the way forward for Vietnam to maintain rapid and sustainable economic growth, said head of Vietnam’s General Statistics Office.
— The Hanoitimes

Vietnam Won the U.S.-China Trade War But Is Now in Trouble Itself
U.S. President Trump’s trade war has Peter Chang scrambling. Sixty components makers that supply Foxconn Technology Group and Samsung Electronics Co. have come knocking at his industrial park northeast of Hanoi in the past three months.
— Bloomberg

Vietnam promotes trade, tourism, investment cooperation with Indonesia
Da Nang City People’s Committee coordinated with the Indonesian Embassy in Hanoi to organise a business forum named “Promotion of Indonesia Trade, Tourism and Investment in Vietnam”, on August 5, in Da Nang city.
— NDO

Vietnam, EU seek to boost ties in defence, security
Minister of National Defence Gen. Ngo Xuan Lich on August 5 met with Vice President of the European Commission and High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini.
— NDO

Port Infrastructure in Vietnam: 3 Regional Hubs for Importers and Exporters
Port infrastructure varies region to region in Vietnam. Here, Vietnam Briefing compares port infrastructure in three key economic regions so that investors can make an informed choice about where to place their business.
— Vietnam Briefing

Can Tho to host Vietnam-Japan cultural, trade exchange in November
The fifth Vietnam – Japan culture and trade exchange programme is scheduled to be held in the Mekong Delta city of Can Tho in November.
— NDO

Digital transformation to come under spotlight at Vietnam ICT Summit 2019
The 2019 edition of the Vietnam ICT Summit is scheduled to take place on August 8 under the theme “Digital Transformation for A Prosperous Vietnam”, the organisers have announced.
— NDO

Vietnam cracks down on independent book publisher
An independent publishing house in Vietnam has pledged to continue delivering its books despite government intimidation.
— UCA News

Overview of Vietnam’s Major E-Wallet and Mobile Payment Players
In Vietnam, digital and mobile payment is undeniably the most developed and crowded fintech segment.
— Fintech News

On fertile agricultural land, Vietnam’s shooting itself in the foot
Vietnam, a naturally agricultural country, has been unthinkingly destroying its arable land in chasing a skewed development vision.
— VnExpress

Samsung SDS to buy 25% stake in Vietnam’s CMC
Samsung SDS, a system developer unit of Samsung Electronics, plans to buy a 25% stake in Vietnam’s No. 2 tech company CMC for an undisclosed amount.
— Nikkei Asian Review (paywall)

What’s Up With Buddhist Persecution in Vietnam?
Buddhists in Vietnam may not face violent attacks, but government restrictions on their faith are keenly felt.
— The Diplomat

Singapore Medical Group boosts ownership in Vietnam clinics
CATALIST-LISTED Singapore Medical Group (SMG) said on Tuesday that it has exercised its option to convert the convertible loan of US$689,360 granted to CityClinic Asia Investments (CCAI) into 177,670 shares of CCAI at the conversion price of US$3.88 per share.
— Business Times

Vingroup plans $750 mln bond issuance
Vietnam’s largest private conglomerate Vingroup is seeking shareholders’ approval for issuing $750 million worth of international bonds this year.
— VnExpress

BIDV, Vietcombank, and Vietinbank keep shouldering hundreds of millions of US dollars in irrecoverable debts
Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.
— Vietnam Insider

Hanoi pledges to create favorable conditions for Irish investors
Hanoi is willing to cooperate with Ireland in numerous fields, especially in trade, culture, high-tech agriculture, and smart city building, among others.
— The Hanoitimes

Vietfood Beverage-Propack expo to open in HCM City
As many as 550 enterprises from 20 countries and territories will participate in the 2019 Vietfood and Beverage-ProPack international exhibition, taking at the at the Saigon Exhibition and Convention Centre From August 7 to 10.
— Viet Nam News

Vietnam’s T&T Group to import record large amount of raw cashews from Tanzania
T&T Group’s deal has provided much needed amount of cashew nuts for Vietnam’s cashew sector and cements the country’s status as one of the largest cashew vendor in the world, accounting for 60% of global production.
— The Hanoitimes

MoIT initiates anti-dumping investigation on imported BOPP film
The Ministry of Industry and Trade (MoIT) on Monday launched an anti-dumping investigation on Biaxial Oriented Polypropylene (BOPP) film originating from China, Thailand and Malaysia.
— Viet Nam News

Petrolimex profit up 11 per cent
The Việt Nam National Petroleum Group (Petrolimex) reported post-tax profit of VNĐ 2.4 trillion (US$102.6 million) in the first six months of this year, up by 11 per cent year-on-year and equivalent to 60 per cent of the whole year’s target.
— Viet Nam News

iPhone 8, XR selling well in US, neglected in Vietnam
iPhone XR and iPhone 8 were the two Apple’s bestsellers in the US in the second quarter. However, they have not caught the attention of Vietnamese iPhone users.
— Vietnam Insider

The most welcoming countries to expats, from Vietnam to Australia
Expats are people living outside of their native country. The reasons they’re doing so include jobs and career, lifestyle choices, education and for love and family. But what countries are the most welcoming to expats?
— Vietnam Insider

Libra: a push for Việt Nam’s disruptive policy building efforts
The world was astonished when Facebook in June announced its future launch of its digital currency Libra, a blockchain-based token that is designed to let you make instant transfers via Facebook’s services like Messenger, WhatsApp and Instagram.
— Viet Nam News

Long An seeks FDI boost to industrialisation plans
A favourable geographic location, abundant resources and a dynamic and investor-friendly administration make Long An an optimal destination for foreign direct investment.
— Viet Nam News

Đà Nẵng seeks investment in IT Park
Authorities are seeking investment in the Đà Nẵng Information Technology Park (DITP), focusing on four areas of software products, digital content products, IT services and hardware products and services.
— Viet Nam News

HARACO launches online payment service through NganLuong.vn
Hà Nội Railway Transport JSC (HARACO) and e-wallet and online payment gateway NganLuong.vn signed an agreement on Tuesday in Hà Nội to offer online booking and payment services for railway tickets.
— Viet Nam News

Military libraries of Vietnam, Laos foster collaboration
The Military Libraries of Vietnam and Laos held a conference in Vientiane on August 5 to review their cooperation over the past years and seek future collaboration orientations.
— VietnamPlus

Market Watch tightens control on moon cakes
The Market Watch General Department will take samples of moon cakes sold to the public for tests to ensure the quality and safety of the products during the Mid-autumn Festival, which starts next month.
— Viet Nam News

Insurance stocks fail to attract individual investors
Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector.
— Viet Nam News

Việt Nam- Malaysia Centre of Halal opens in Cần Thơ
The Việt Nam – Malaysia Centre of Halal, which is responsible for Halal certification, opened in the Cửu Long (Mekong) Delta city of Cần Thơ on Tuesday.
— Viet Nam News

Defining Global Strategies to Go Abroad for Vietnamese Organizations
A global strategy is one that a company takes when it wants to compete and expand in the global market. In other words, a strategy businesses pursue when they wish to expand internationally.
— Vietnam Insider

Exploring Hanoi, Vietnam: Hidden gems, secret spots
Hanoi, Vietnam is an uncommon travel destination for many Filipinos, with Ho Chi Minh City (Saigon) being the more popular destination for most. Most of us might assume that Saigon is the capital, when in fact, it’s actually Hanoi.
— Rappler

Queen Capital Invest Into Vietnam
The premier Asia-focused independent private equity investment firm, Queen Capital International Limited (“Queen Capital”) has expanded its Asia-Pacific footprint with the opening of a new investment coordination office in Ho Chi Minh City, Vietnam.
— Desert Sentinel

 

Feature photo The Paper Planes Blog

This week’s Vietnam morning news feature photo focus on International Day of the World’s Indigenous Peoples,  August 9.

 

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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