Vietnam morning news for July 26

Vietnam morning news for July 26

Vietnam morning newsVietnam increases 3 places in Global Innovation Index 2019
Vietnam has risen three places to rank 42th out of the 129 nations and economies in the Global Innovation Index 2019 (GII 2019), according to the announcement of the World Intellectual Property Organization (WIPO) yesterday in India.
— Sggp News

Vietnam Exports USD 2.24 billion of Steel in H1
VNS reported that Viet Nam exported 3.44 million tonnes of steel and iron worth USD 2.24 billion in the first half of this year, up 4% in value and 21% in volume from the same period last year.
— Steelguru

Vietnam’s Tax Administration Law Reform to Take Effect from July 2020
Vietnam’s National Assembly in June approved a new Law on Tax Administration 38/2019/QH14. The new law will take effect from July 2020. As with most new laws, the authorities are expected to provide additional circulars and decrees on details and guidance on the changes.
— Vietnam Briefing

Vietnam should forget about high speed railway until 2030
An expensive high-speed railway is a nice dream, but let’s get real and build better roads between provinces first.
— VnExpress

Kogas, EVC Pact for Vietnam LNG Terminal
South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam.
— Maritime Professional

Body Shop Malaysia and Vietnam operator to list
The retailer and distributor of The Body Shop products in Malaysia since 1984 has yet to fix the issue price and the opening and closing dates of the IPO. But local news reports have suggested the IPO may raise up to MYR200 million (US$48.6 million).
— Insider Retail

Vietnamese student arrested for smuggling virus-infected pork into Japan
Japanese police have arrested a Vietnamese exchange student for illegally carrying fermented pork rolls containing the African swine fever virus into the country.
— VnExpress

Ho Chi Minh City adds major developments to urban plans
Saigon will renovate its inner districts, build commercial centers around metro stations, and develop infrastructure in all directions in the next six years.
— VnExpress

Vietnam attractive destination for RoK banks
Banks from the Republic of Korea (RoK) are making an effort to seize business opportunities in Vietnam, a fast growing market in the region.

Comprehensive policy crucial for Vietnam’s digital communication economy
Social media spreads information and disinformation rapidly, greatly influencing public-business relationships. The government needs policies in place to manage and regulate it.
— OpenGov Asia

Eximbank to issue bonds worth $215 mln
Eximbank plans to issue VND5 trillion ($215 million) in bonds through a private placement following similar moves by other banks.
— VnExpress

8 kilograms of watermelon seeds exported to Japan
First batch of 8 kilograms of watermelon seeds meeting Japanese standard, produced by farmers in the Mekong Delta provinces of Tien Giang and Hau Giang with the support of Loc Troi Group and Japan’s Hagihara Farm Company, was exported to Japan, Loc Troi Group announced yesterday.
— Sggp News

Water shortage threatens 138,000 families in central Vietnam this summer
Some 138,800 households in the central region might experience a water shortage this summer as the levels in major rivers have dropped below normal.
— VnExpress

VIB offers three promotions for new savings accounts
From now until October 24, 2019, customers opening a new savings account at Vietnam International Bank (VIB) will receive three interest rate promotions, including an additional 0.1% interest rate per year, an additional 1% on all accumulated interest, and one of the most competitive interest rates on the market.
— Vietnam Insider

More players enter Vietnam e-hailing market
Three years ago, the e-hailing market was the playing field of two foreign names, Grab and Uber. Now, the number of firms has increased.
— Vietnam Insider

Expressway work runs into financial roadblock
Work on the long-delayed Trung Luong – My Thuan Expressway might stall again next month since its investor has been cash-strapped.
— VnExpress

Vietnam Fishery Market Research Report & Future Outlook
Vietnam which is located on the west bank of Bien Dong (East Sea) is a large sea of Pacific Ocean with an area of 3,448,000 km and a 3,260 km long coastline. Vietnam marine biodiversity is quite high, also is the birthplace and spread of many groups of marine organisms in Indo-Pacific tropical region with about 11,000 species have been discovered.
— Vietnam Insider

Vietnam seeks more balanced trade with US
Vietnam expects to maintain balanced trade ties with the US, which are one of the pillars in the Vietnam – US relation, according to Nguyen Van Binh, Politburo member and head of the Party Central Committee’s Economic Commission.
— The Hanoitimes

Việt Nam records $700m trade deficit in first half of July
In the first half of July, Việt Nam’s export revenue exceeded US$10.5 billion and its import value topped $11.18 billion, resulting in a trade deficit of nearly $700 million.
— Viet Nam News

Việt Nam’s infrastructure sector has upbeat outlook in attracting foreign capital
Việt Nam is in dire need of capital to develop the country’s infrastructure and the Government expects private investors, especially foreign ones, to take part as the State budget cannot afford the investment costs. Sajal Kishore, Head of Asia-Pacific Infrastructure and Project Finance at Fitch Ratings, talk with Việt Nam News reporter Thu Hà …
— Viet Nam News

VN enterprises need support from State management agencies: VCCI
The increasing number of businesses becoming operational again since the beginning of this year indicates positive economic development prospects, said Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI).
— Viet Nam News

Almost $500m invested in farm product processing industry in H1
The agriculture sector in the first half of this year attracted about VNĐ11.4 trillion (US$491.3 million) to 11 new and existing projects processing farming products, according the Ministry of Agriculture and Rural Development.
— Viet Nam News

Hải Phòng port posts strong revenue growth in first half of 2019
Hải Phòng Port Joint Stock Company recorded impressive growth in both revenue and cargo output via its seaports in Hải Phòng during the first six months of this year, according to the company.
— Viet Nam News

Local aluminium firms urged to tap opportunities from EVFTA
The EU – Việt Nam Free Trade Agreement (EVFTA) is expected to bring big opportunities for the Vietnamese aluminium sector; however, experts have said there are still challenges for local firms looking to take advantage.
— Viet Nam News

F1 to trial overtaking ideas with Vietnam GP’s Hanoi circuit design
Formula 1 chiefs hope the new Vietnam circuit will act as a testbed for future track layouts, as it will feature design ideas intended to encourage overtaking.
— Autosport

Vietnam to vaccinate girls against cervical cancer
Vietnam plans to vaccinate girls against cervical cancer which kills seven local women each day, local media reported on Thursday.
— Xinhua

Central Vietnam hit hard by drought
Some 65,500 hectares of crops in Vietnam’s central region will be affected by the ongoing drought, and nearly 138,800 households will have to deal with water shortage in their daily lives, daily newspaper Vietnam News reported on Thursday.
— Xinhua

Kiên Giang promises optimal conditions for investors
Kiên Giang Province is committed to creating the most favourable conditions for investors. Việt Nam News spoke with Phạm Vũ Hang, chairman of the province’s People’s Committee, about Kiên Giang’s potential and economic strengths and incentives to investors ahead of an investment conference next week. Ba Xuân Hiệp reports.
— Viet Nam News

Sharp rises in Q2 corporate earnings come from asset sales
A number of listed companies have reported sharp increases in their quarterly profits as they have performed well in selling stakes in sub-units and projects.
— Viet Nam News

Hải Dương suspends waste treatment plant project
Hải Dương Province has decided to suspend a project to build a waste treatment and power generation plant in Lương Điền Commune, Cẩm Giàng District, according to the leader of the provincial Department of Planning and Investment.
— Viet Nam Net

Advertising exhibition in HCM City opens
VietAd 2019, an annual international exhibition for advertising technology, opened in HCM City on Wednesday.
— Viet Nam News

HDBank wins Asian Banking and Finance award for VN’s best domestic retail bank
HDBank won the award for ‘Domestic Retail Bank of the Year for Vietnam’ at Asian Banking and Finance Retail Banking Awards in Singapore last week.
— Viet Nam News

Asian Innovators Summit discusses latest technological solutions
More than 300 business and technology leaders from Việt Nam and regional countries Wednesday (July 24) attended the Asian Innovators Summit (AIS) 2019 in HCM City.
— Viet Nam News

Toyota recalls nearly 1,600 cars for airbag fault
Toyota Motor Việt Nam (TMV) is recalling 1,592 vehicles over a programming problem in the airbag electronic control unit (ECU).
— Viet Nam News

Formosa meets standard three years after pollution incident: environment ministry
Deputy environment minister Võ Tuấn Nhân said inspections showed the steelmaker had completed most of the improvement work to its wastewater treatment system demanded by the Government.
— Viet Nam Net

First int’l exhibition on processing, packaging and preserving food and agricultural products opens in HCM City
The first Việt Nam International Exhibition on Processing, Packaging and Preserving Food and Agricultural Products (Vietnam PFA) 2019 opened in HCM City yesterday (July 24), offering opportunities for local and foreign exhibitors to introduce their products and explore business co-operation.
— Viet Nam News

HCM City to host Vietnam Medi-Pharm Expo 2019
More than 400 domestic and foreign exhibitors will participate in the 19th Vietnam International Medical, Hospital and Pharmaceutical Exhibition (Vietnam Medi Pharm Expo 2019), slated to be held at the Sài Gòn Exhibition and Conference Centre in HCM City from August 1 to 3.
— Viet Nam News

M&A deals in Vietnam down 47% to US$1.9 billion in H1
An expert forecast the M&A figure could reach US$6.7 billion in 2019, down 11.84% year-on-year.
— The Hanoitimes

Central Highland provinces enhance development of renewable energy
In recent years, Central Highland provinces, mainly Dak Lak and Gia Lai, have attracted a number of domestic and foreign investors to survey and invest in solar and wind power.


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).


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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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