Vietnam morning news for July 18

Vietnam morning news for July 18

Vietnam morning newsViettel successfully tests eSim service
Viettel has become the first Vietnamese network operator to successfully test eSim (electronic Sim) technology on smart watch devices.
— Vietnam Insider

VN industrial market seizes opportunities from the automotive sector
The development of the domestic auto industry offers more opportunities for Việt Nam’s industrial market, according to the consulting firm CBRE Vietnam.
— Viet Nam News

IMF sees Vietnam’s economic growth slowing to 6.5% in 2019
The International Monetary Fund on Tuesday said Vietnam’s economic growth was expected to slow to 6.5% in full-year 2019 from a 10-year high of 7.1% in 2018, reflecting weak external conditions.
— Reuters

Smartphone use, internet access critical to building a ‘smart’ HCM City
To achieve smart-city status, at least 90 per cent of residents in HCM City should be using a smartphone by 2022, a top official said on July 16 at a communications conference held in the city.
— Viet Nam News

Petrol prices continue to rise
This was the second increase of the petrol retail price this month.
— Viet Nam News

Rubber Group to pay dividend in cash
With 4 billion shares in circulation, the group expects to spend VNĐ1 trillion (US$43 million) on the payout.
— Viet Nam News

Vietnam is ready to resolve disputes, disagreements by peaceful measures: spokeswoman
Foreign Ministry Spokeswoman Le Thi Thu Hang reaffirmed on July 16 Vietnam’s resolve to peacefully struggle against violations of its sovereignty, sovereign rights and jurisdiction over its sea areas.
— NDO

142 illegal games removed from Apple, Google app stores in Vietnam
Vietnamese authorities have been working with Apple, Google and Facebook to remove unauthorized online games providing cross-border services.
— VnExpress

How Much Do You Really Understand Vietnam’s Value Added Tax
Vietnam Value Added Tax (VAT) is an indirect tax, the cost of which ultimately falls on the consumer. The majority of transactions involving the supply of goods, the provision of services and imports will be subject to this tax.
— Vietnam Insider

The First Emerging Tech Connector In Vietnam – YellowBlocks – Announces 100 Global Partners In The Unprecedented Tech Cruise
YellowBlocks was founded in 2018 as the first emerging tech ecosystem connector for Vietnam. As the platform for collaboration for AI/ML, Blockchain, Cloud, BigData, IoT, AR/VR.., YellowBlocks is hosting an unprecedented event in Vietnam, The #Elite1010 Emerging Tech Cruise, with key stakeholders in the ecosystem.
— AEC News Today/ PR Newswire (media release)

Scientific reseach and policy making connect to tackle plastic pollution
There must be close ties between scientific researching and policy making to tackle plastic pollution in Viet Nam, environmental campaigners have said.
— Viet Nam Net

Logistic booms with million-dollar deals, foreign firms look to spread
The logistics market in Việt Nam is booming with million-dollar merger and acquisition (M&A) deals and foreign names with strong financial and technology potentials are striving to increase market share in the country.
— Viet Nam News

Vietnam vets receive free book from governor
A limited edition 50th anniversary book about the Vietnam War is available to veterans courtesy of Gov. Greg Abbott.
— Tdt News

VN, South Korea trade, investment ties on strong footing: seminar
South Korea has increased investment in Việt Nam in the last few years, and this trend is expected to continue, a seminar heard in HCM City yesterday.
— Viet Nam News

Vietnam’s VinaCapital acquires operations of Singapore’s robo-advisor Smartly
Vietnam-based investment company VinaCapital today announced that it has acquired the business operations of Smartly, a Singapore-based robo-advisory investment platform. The terms of the transaction were not disclosed.
— e27

Insurers, stock brokers and rubber firms lift VN market
Vietnamese shares gained ground on Wednesday morning, driven by insurance-finance and rubber industries.
— Viet Nam News

Vietnamese firms join India International Silk Fair
Two Vietnamese companies from the Central Highland province of Lam Dong are displaying their products at the 7th India International Silk Fair, which opened in New Delhi on July 15.
— NDO

Viettel Sets Off A Digital Revolution In Vietnam Through Its New Subsidiary Company
Amid rapid technological developments, tech companies are in a race to equip the local population with the latest developments and inventions. Vietnam’s leading telecommunications company, Viettel, is aiming to do so by setting up its eighth subsidiary company – the Viettel Digital Services Corporation.
— AEC News Today/ PR Newswire (media release)

Vinacapital acquires Smartly operations
VinaCapital, one of Việt Nam’s leading investment companies with US$1.8 billion in assets under management, on July 16 announced that it had acquired the business operations of Smartly Pte Ltd, one of the first robo-advisory investment platforms to launch in Singapore.
— Viet Nam News

Ho Chi Minh City Stock Exchange’s market cap equals 57% of GDP in H1
Foreign investors remained net buyer in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).
— The Hanoitimes

VN, Laos tighten ties in deposit insurance
The Deposit Insurance of Vietnam (DIV) has reviewed its co-operation with the Depositor Protection Fund of Laos (DPF) last year, eyeing further improvement in ties.
— Viet Nam News

Water exhibition to return to Hà Nội
The premier exhibition on water supply and waste water treatment (VIETWATER 2019) will take place in Hà Nội from July 24 to 26 at the Hà Nội International Exhibition Center (ICE).
— Viet Nam News

Hanoi garment factory’s Olympic transformation
The Soviet-built factory complex on the outskirts of Hanoi has new life manufacturing global sportswear goods for brands like Nike and the US Olympic team.
— FMT News

Apple tests AirPod production in Vietnam as it cuts China reliance
Apple is about to start trial production of its popular AirPods wireless earphones in Vietnam as it accelerates plans to diversify manufacture of its consumer electronics lineup beyond China, Nikkei Asian Review has learned.
— Nikkei Asian Review (paywall)

THE STATE OF BANKING IN VIETNAM
Last August, the Vietnam Government approved the “Development Strategy of Vietnam Banking Sector to 2025 with Orientations to 2030”. A comprehensive plan to not only boost the independence and accountability of the country’s central bank, the State Bank of Vietnam (SBV), the strategy also sets out several key objectives to strengthen and increase the transparency of the country’s banking sector.
— International Banker

Vietnam sells fewer motorbikes in Q2
Vietnam, known as a motorcycle kingdom in the world, made motorbike sales of over 749,500 units in the second quarter of this year, seeing a year-on-year decrease of roughly 4.4 percent.
— Xinhua

VN-Index struggles as investors cash out for short-term profits
Vietnamese shares struggled on Wednesday as investors began cashing out from large-cap firms following recent rallies.
— Viet Nam News

Vietnam to complete non-stop toll collection by end of 2019
All toll stations in Vietnam must apply automated non-stop toll collection before Dec. 31, said Vietnamese Prime Minister Nguyen Xuan Phuc.
— Xinhua

Tickets for F1 race in Vietnam go on sale
Tickets for the Formula 1 Vietnam Grand Prix 2020, ranging from 30 U.S. dollars to 4,190 U.S. dollars, went on sale via all channels from Wednesday, local media reported.
— Xinhua

China-Vietnam: Comrades in words, not in actions?
While a visiting senior politician from Vietnam and her Chinese hosts talked in Beijing about the friendship and comradeship between the two communist neighbors, it was reported that their coast-guard vessels had been involved in a confrontation over a reef in the South China Sea.
— Asia Times

MBBank seeks foreign investment in Q3
Military Commercial Joint Stock Bank (MBBank) is looking to sell 7.5 per cent of its capital to foreign investors this year.
— Viet Nam News

Vietnam moving wall rides through town
The moving Vietnam Wall was escorted through Torrington on Wednesday, July 10 by a large number of motorcycles as it was heading to Lusk to be displayed.
— Torrington Telegram

Minister wants Vietnamese replacements for Facebook, Google
Information minister Nguyen Manh Hung has called for creating a Vietnamese social media network and search engine to replace Facebook and Google.
— Vietnam Insider

HCM City builds new climate-change response plan
Improved linkages with international organisations are needed to hasten the progress of HCM City’s climate-adaptation action programmes, experts said at a workshop held in HCM City on July 16.
— Viet Nam Net

The southern provinces of Việt Nam will receive many billion-dollar FDI projects
Foreign direct investment, especially in southern provinces, is expected to increase sharply with a number of billion-dollar projects in the pipeline, according to the Foreign Investment Agency.
— Viet Nam News

Vietnam a strategic destination for Korean enterprises: experts
Vietnam is an important trading partner and a strategic destination for enterprises from the Republic of Korea (ROK) as part of their southward expansion investment strategy, said experts at conference held in Ho Chi Minh City on July 16.
— NDO

Vietnam – good land for major groups
Commitments to provide fair and equal treatment as well as protection for investors of both sides in the freshly signed EU-Vietnam Investment Protection Agreement (EVIPA) are expected to help Vietnam attract major groups.
— VietnamPlus

HCM City to have new climate change response plan
Ho Chi Minh City is making a climate change response plan for 2020 – 2030 with the support of international organisations, focused on mitigation and adaptation measures.
— VietnamPlus

Urban railway breakthrough for capital’s traffic
Urban railway system with its large capacity and convenience is an inevitable means of transport in a modern society.
— VietnamPlus

Smartphone use, internet access critical to building ‘smart’ HCM City
To achieve smart-city status, at least 90 percent of residents in Ho Chi Minh City should be using a smartphone by 2022, a top official said at a communications conference held in the city on July 16.
— VietnamPlus

 

Feature photo ILO Asia-Pacific

This week’s Vietnam morning news feature photo focus on World Youth Skills Day, July 15. 

 

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).

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.

 

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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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