Vietnam morning news for July 24

Vietnam morning news for July 24

Vietnam morning newsVN needs to extend further visa exemption policy for tourists
Việt Nam should extend visa exemption policies for foreign tourists to encourage more visitors to return.
— Viet Nam News

VN exports $2.24 billion of steel and iron in H1
Viêt Nam exported 3.44 million tonnes of steel and iron worth US$2.24 billion in the first half of this year, up 4 per cent in value and 21 per cent in volume from the same period last year.
— Viet Nam News

US wary of Chinese products passed off as made in Vietnam
The Vietnamese government has begun taking steps to clamp down on shipments of products from China and elsewhere that pass through Vietnam and are relabeled as Vietnamese to avoid U.S. tariffs.
— Vietnam Insider

Vietnam seeks ways to develop oil, gas industry amid China’s harassment in South China Sea
Vietnam’s senior officials last week gathered in Hanoi to discuss measures to develop oil and gas industry in the course of escalating Chinese harassment in the South China Sea (SCS).
— The Hanoitimes

State-owned blue chips not suitable for covered warrant trading
Securities companies participating in the new covered warrant market may find it less attractive to trade covered warrants of large-cap State-owned companies due to their low free-floating ratios.
— Viet Nam News

Vietnam to import pork from 24 countries
The Ho Chi Minh City Department of Industry and Trade yesterday held a press conference to report the city’s industrial and commercial growth.
— Sggp News

Facebook-like local social network Gapo launches in Vietnam
A new social network, called Gapo, has launched in Vietnam with an investment of $22 million from G Capital in an effort to shift users to a local platform amid a strong presence of global players in the market.
— DealStreetAsia

Car imports skyrocket in first half of 2019
Việt Nam imported 75,437 assembled cars in the first six months of 2019, six times more than in the same period last year, according to the General Department of Việt Nam Customs.
— Viet Nam News

HCM City industrial production slows down
HCM City’s industrial production grew by 7 per cent in the first half of the year, almost exactly the same as a year ago, according to the city Department of Industry and Trade.
— Viet Nam News

Foreign investors get dual benefits from Vietnam’s new FTAs
The agreement’s new rules of origin will make it easier to trade products tariff-free when they include inputs from other countries the EU has trade agreements with.
— The Hanoitimes

Vietnam’s Dung Quat refinery to import WTI crude in H2 -executive
Binh Son Refining and Petrochemical will import 2 million to 3 million barrels of West Texas Intermediate (WTI) crude oil from the United States in the second half of this year for its Dung Quat refinery, a company executive said on Tuesday.
— Reuters

Cancer vaccines to be brought to Vietnam
Vietnam will receive cancer vaccines from Japan in the near future, Prof Dr Ta Thanh Van, Rector of the Hanoi Medical University (HMU) told Lao Dong newspaper.
— VietnamPlus

Vietnam hospital successfully uses robot in spinal surgery
Ha Noi’s Duc Giang General Hospital announced its doctors successfully used a robot in spinal surgery on Saturday.
— Asia One

Best time for Australian investors to enter Vietnam: dialogue
Opportunities for Australian firms to invest in Vietnam have never been better than now when the Southeast Asian economy is growing rapidly, said participants at a Vietnam-Australia business dialogue held in Sydney on July 22.
— VietnamPlus

Thanh Hoa promotes investment, trade, tourism in Moscow
Vietnamese and Russian firms attended the 2019 Thanh Hoa investment, trade and tourism promotion conference held in Moscow on July 22 as part of the Vietnam Year in Russia and the Russia Year in Vietnam.
— VietnamPlus

Concern for Australian citizen jailed without charge in Vietnam
Human rights groups and relatives have expressed concern for the wellbeing of a 70-year-old Australian citizen who has been imprisoned in Vietnam for six months without charge.
— The Guardian

KOGAS and Energy Capital Vietnam Signed MOU on Cooperation in Vietnam
Korea Gas Corporation (KOGAS) and Energy Capital Vietnam (ECV) have entered into a Memorandum of Understanding (MOU) that provides the framework for the development of a privately-funded liquefied natural gas (LNG) regasification terminal, storage, gas supply system and 3,200 MW gas-fired power project near Mui Ke Ga, Binh Thuan Province, Vietnam (Project).
— Yahoo News

Mergers and Acquisitions in Vietnam: An Introduction to Key Guidelines and Processes
The Vietnamese government has streamlined the merger and acquisition (M&A) process to encourage investment in new sectors of the economy. And for foreign investors that see establishing a business in Vietnam as too cumbersome, the M&A route provides a unique solution to many obstacles.
— Vietnma Briefing

Vietnam’s 2019 commissioning rush
Vietnam had already successfully commissioned 1.5 GW of utility-scale PV at the end of May this year, and there is no sign of this slowing down, with another 2 GW teed up for June 2019.
— PV Magazine

Foreign languages key for development of education
Foreign-language instruction could greatly improve the quality of the educational system, but language-proficiency outcomes in recent years have been disappointing, Minister of Education and Training Phung Xuan Nha has said.
— VietnamPlus

Binh Son refining company earns 39.3 million USD in profit
The Binh Son Refining and Petrochemical JSC (BSR) has reported that it earned 906 billion VND (39.3 million USD) in profit in the first half of this year.
— VietnamPlus

Measures deployed to lure more investment to agriculture
The Government has issued a resolution detailing measures to encourage businesses investing in safe, effective and sustainable agricultural development.
— VietnamPlus

Vietnam treasures strategic partnership with Japan: PM
Vietnam treasures the extensive strategic partnership and all-round cooperation with Japan, and spares no effort to develop the bilateral fruitful relations, Prime Minister Nguyen Xuan Phuc said.
— NDO

KEB Hana Bank to buy 15% stake in Vietnamese lender for $874 mn
South Korea’s KEB Hana Bank has signed a deal to acquire a 15 percent stake in Bank for Investment and Development of Vietnam (BIDV), the Vietnamese largest bank by assets, for 1.03 trillion won ($874 million) to broaden its business in the Southeast Asian country, the company announced on Monday.
— Pulse News

Singapore’s CXA Group Sets up a Tech Hub in Vietnam to Deepen AI Capabilities
Following their US$ 25 Million fund raising round, CXA announced that they are setting up a Tech Hub in Ho Chin Minh, Vietnam.
— Fintech News

Multidrug-resistant malaria spreading in Vietnam, neighbors: study
Strains of malaria resistant to two key anti-malarial medicines are becoming more dominant in Vietnam, Laos and northern Thailand.
— VnExpress

HCM City eyes public-private partnership to bridge resource gap
Public – private partnership (PPP) is the best mode of investment for HCM City’s socio-economic development, city authorities have said.
— Viet Nam News

APAC visitor forecasts 2019-2023: Vietnam leads the charge
Vietnam is predicted to lead Asia Pacific destinations in terms of its average annual growth rate over the next five years, according to the Asia Pacific Visitor Forecasts 2019-2023 by the Pacific Asia Travel Association (PATA).
— Travel Daily Media

Truck crash kills 5, injures 2 in northern Vietnam
Five Vietnamese people died and two others got injured after a truck hit a median strip and then a group of passers-by and motorbike riders on national road 5 in Vietnam’s northern Hai Duong province on Tuesday morning, Vietnam News Agency reported.
— China.org

Da Nang resorts encroach on public beaches, says official
14 resorts have villas, swimming pools and restaurants encroaching on public beaches in Da Nang, a city official said on Monday.
— VnExpress

Korean firms to expand investment in electricity in Việt Nam
The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to increase investment in Việt Nam, especially in the manufacturing of electronic equipment and developing smart grids.
— Viet Nam News

Vietstar Airlines licensed to operate
Vietstar Airlines officially became the first multirole aviation enterprise to receive an Air Operator Certificate for the operation of commercial jets in Việt Nam.
— Viet Nam News

Foreign investors can take advantage of Việt Nam’s trade deals
Foreign investors have been encouraged to take advantage of the double benefits Việt Nam is offering through its commitments in the many trade pacts signed with other countries.
— Viet Nam News

BIDV to sell 15 pct stake to South Korea’s KEB Hana Bank
BIDV would sell a 15 percent stake for VND20.295 trillion ($874 million) to KEB Hana Bank through a private placement.
— VnExpress

Vietnamese proud of Asia-Pacific region’s only “City for Peace”
Hanoi met an array of criteria such as outstanding achievements in improving people`s lives, developing education sector, solving issues of urbanization and environment to earn the title “City for Peace”.
— The Hanoitimes

The best B2B Sales, Personal branding course in Vietnam you should attend
Running a productive and profitable sales department depends on having the right employees with the knowledge they need to do their jobs effectively.
— Vietnam Insider

Tourism sector needs to train skilled workers
Nguyễn Trùng Khánh, chairman of the Việt Nam National Administration of Tourism, talks to Nhân dân (People) newspaper on training a quality workforce for the tourism industry – one of Việt Nam’s most important economic sectors.
— Viet Nam News

Pattaya tourist slump – visitors leaking to Vietnam
The new Minister of tourism and sports says tourism in Thailand is up nearly 1% (0.89% to be precise) in June year compared to last year. But as ministers bicker over the numbers – up or down – other business leaders says that tourism on the ground in Pattaya is much worse than the figures suggest.
— The Thaiger

East Rift Valley enters Singapore, Malaysia; New South New Direction of Revenue
East Rift Valley enters Singapore, Malaysia; New South New Direction of Revenue
— Viet Nam News

Siemens Gamesa to supply turbines for Vietnam project
Siemens Gamesa Renewable Energy (SGRE) said it has secured an order to supply seven SG 4.5-145 for No. 5 Thanh Hai 1 wind farm, its first nearshore project in Vietnam.
— Trade Arabia

Fall armyworm attacks Việt Nam’s agriculture
Like an army, each mature worm can eat a corn bud in a few days then keep munching the whole plant.
— Viet Nam Net

VIETWATER 2019 to kick off in Hà Nội
Exhibitors will present technologies and innovations in the water and environment industries.
— Viet Nam Net

Selling pressure sends stocks down
Selling pressure increased at the end of Monday’s session, affecting market sentiment and creating a big variation in large-cap prices.
— Viet Nam News

 

Feature photo Hiram to Hanoi

This week’s Vietnam morning news feature photo focus on air quality throughout Asean.

 

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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