Vietnam morning news for June 25

Vietnam morning news for June 25

Vietnam morning newsAirports Corporation of Việt Nam aims for 9 per cent higher profit
The Airports Corporation of Việt Nam (ACV) has targeted earning VNĐ19.1 trillion (US$820 million) in revenue and VNĐ8.2 trillion ($355 million) in pre-tax profit in 2019, representing year-on-year increases of 7 per cent and 9 per cent.
— Viet Nam News

‘Critical’ breaches of Vietnam live export trade see more than 1,500 Australian cattle left unaccounted for
More than 1,500 head of cattle and 99 buffalo from Australia have disappeared from approved feedlots or abattoirs in Vietnam over the past 13 months, according to a Federal Department of Agriculture report.
— ABC

Vietnam, South Korea agree to $100B two-way trade target by 2020
VISITING Deputy Prime Minister Vuong Dinh Hue and host Prime Minister of the Republic of Korea Lee Nak-yeon on Friday agreed to try to lift two-way trade to $100 billion by next year from $65 billion last year, together with reducing Vietnam’s trade deficit.
— The Phnom Penh Post

National quality awards presented to 75 businesses
Seventy-five Vietnamese businesses received awards for their achievements last year in product and service quality and business performance in Hà Nội yesterday.
— Viet Nam News

In Vietnam, U.S. Citizen Gets 12-Year Sentence for Trying to Overthrow State
A court in Vietnam on Monday sentenced a United States citizen to 12 years in prison after finding him guilty of attempting to overthrow the state, in a trial that lasted just half a day, his lawyer said.
— New York Times

Vietnam to develop cattle breeding to compensate potential pork shortage
Vietnam will focus on developing cattle, poultry and aquatic breeding to compensate for a shortage of pork which is expected to hit the country this year due to African swine fever, local media reported on Monday.
— Xinhua

Vietnam respects and promotes enforcement of International Humanitarian Law
Nearly 50 delegates from 16 countries participated in the 14th Southeast and Northeast Asian Session on International Humanitarian Law, which opened in Hanoi on June 24.
— NDO

Cashless payment remains low in Việt Nam
The ratio of cashless payments in Việt Nam remains low at only 11.49 per cent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).
— Viet Nam News

Concerns persist over taxation of foreign e-commerce firms
The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities.
— Viet Nam News

Korea Exim Bank opens $2 billion credit line to PetroVietnam
The Export-Import Bank of Korea said on Sunday that it has agreed to open a US$2 billion credit line to Việt Nam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more South Korean companies venture into the fast-growing economy.
— Viet Nam News

Work begins on theme park and resort complex in Tuyên Quang
Invested by Vingroup, the complex covers 30ha in the Mỹ Lâm mineral spring tourism site, local newspaper baotuyenquang.com.vn reported.
— Viet Nam News

Bamboo Airways’ fleet could reach 30 by 2023
At the working session, participants shared the view that an airline needs to have a fleet of at least 25 – 30 planes so as to operate stably and efficiently. Therefore, the ministry showed its support for the increase of Bamboo Airways fleet from 10 to 30 by 2023.
— Viet Nam News

Vĩnh Tân 2 solar power plant opens for business
Vĩnh Tân 2 solar power plant, worth VNĐ986 billion (US$42.3 million), began commercial operation in the south central province of Bình Thuận on Saturday.
— Viet Nam News

The future of homestays in Việt Nam
The number of people coming to Việt Nam combining business with tourism has increased significantly in recent times, and is one of the reasons for arrival numbers to jump in recent years.
— Viet Nam News

China’s steel capacity glut is back, unnerving Vietnam
The U.S.-China trade war is stoking fears of another steel glut, which has Vietnam’s largest steelmaker thinking about putting plans for a third blast furnace on hold.
— Nikkei Asian Review (paywall)

Thai bank and Vietnam incubator partner to grow regional startups
Kasikornbank, Thailand’s second-largest lender, is partnering with Vietnam’s Business Startup Support Center to help Thai and Vietnamese startups with their regional expansion plans.
— Nikkei Asian Review (paywall)

Vietnam wants ASEAN to take note of threats against fishers in South China Sea
Vietnam has called on ASEAN to pay attention to events occurring in the South China Sea, including the intimidation of fishermen and militarization.
— VnExpress

Vietnam, EU partnership prospects bright: German experts
The development potential for trade partnership between Vietnam and the EU is bright thanks to abundant opportunities brought by the soon-to-be-signed EU-Vietnam Free Trade Agreement (EVFTA), according to a German expert.
— VietnamPlus

Electronics giant Foxconn mulls TV screen plant in Vietnam
The world’s biggest electronics contract manufacturer, Foxconn, is studying the possibility of setting up a $40-million TV screen production plant in northern Vietnam.
— VnExpress

Vietnam jails US national for ‘state overthrow plot’
A court in Vietnam has sentenced a US citizen to 12 years in prison after finding him guilty of attempting to “overthrow the state”.
— BBC

Vietnam to China and back: How one illegal factory worker embodies the trade war manufacturing exodus
Seeking a better life for himself and his new wife, Manh travelled over 800km to work in a lingerie factory in Dongguan despite not speaking Mandarin.
— South China Morning Post

Osaka Gas Co., Ltd.: Establishing a Natural Gas Supply Company in Vietnam
Osaka Gas Singapore Pte. Ltd., a wholly-owned subsidiary of Osaka Gas Co., Ltd. and a Daigas Group*1 company, has agreed to form, together with Sojitz Corporation and Sojitz Vietnam a new joint venture company, Sojitz Osaka Gas Energy Company Ltd. (hereafter referred to as “the new company”), with the aim of supplying natural gas in the Socialist Republic of Vietnam.
— Yahoo News

Gulf Group launching solar projects in Vietnam
On 19th June 2019, Gulf Group held the inauguration ceremony of TTC No. 01 and TTC No. 02 Solar Power Plants in Thanh Thanh Cong Industrial Zone, An Hoi hamlet, An Hoa commune, Trang Bang District, Tay Ninh Province, 57.1 km from Tay Ninh City and 48.3 km from HCM City.
— Viet Nam News

Covered warrants to be officially listed on June 28
Covered warrants (CWs) will be officially listed and traded on the Vietnamese stock market from June 28, according to the State Securities Commission of Vietnam (SSC).
— VietnamPlus

Compal increasing investments in Vietnam, Taiwan
Taiwan-based ODM Compal Electronics is expanding its investment at home and Vietnam to cope with the uncertainty caused by the ongoing US-China trade spat, according to company president and CEO Martin Wong.
— Digi Times

African swine fever spreads to 59 localities in Vietnam
Vietnam’s southern Ba Ria Vung Tau province has been stricken by African swine fever (ASF), becoming the country’s 59th locality affected by the animal disease, Vietnam News Agency reported on Monday.
— Xinhua

Nam A Bank chairman resigns over family dispute on share ownership
The Nam A Bank chairman will resign his post to focus on resolving family disputes over ownership of bank shares.
— VnExpress

Hotel Ease · Tsuen Wan becomes the first B Corp™ hotel in Asia
Hotel Ease · Tsuen Wan becomes the first B Corp™ hotel in Asia
— Viet Nam News

Winners of sustainable traditional medicine competition announced
The winners of an essay writing competition on sustainable traditional medicine were announced at an awards ceremony held in Hà Nội on Saturday.
— Viet Nam Net

AEON to build one more mall in Hanoi
Japanese retail giant AEON will build a $280 million mall in south Hanoi, its third outlet in the capital city.
— VnExpress

Indonesia, Vietnam speed up EEZ delimitation
Indonesia and Vietnam have agreed to speed up maritime delimitation, while at the same time starting fresh talks to establish “provisional common guidelines” to prevent fishing incidents.
— The Jakarta Post

Entering global distribution networks good for VN businesses: conference
Entering global distribution networks is something Vietnamese businesses should strive for to take advantage of their highly competitive products, experts told a conference held yesterday (April 23) to discuss how they can be a part of AEON Group’s supply chain.
— Viet Nam News

Airports Corporation of Việt Nam aims for 9 per cent higher profit
The Airports Corporation of Việt Nam (ACV) has targeted earning VNĐ19.1 trillion (US$820 million) in revenue and VNĐ8.2 trillion ($355 million) in pre-tax profit in 2019, representing year-on-year increases of 7 per cent and 9 per cent.
— Viet Nam News

Four missing after heavy rain and floods hit northern mountainous provinces
Four people are missing after being swept away by flash floods that hit the northern province of Lai Châu early Monday morning.
— Viet Nam Net

Work begins on theme park and resort complex in Tuyên Quang
Invested by Vingroup, the complex covers 30ha in the Mỹ Lâm mineral spring tourism site, local newspaper baotuyenquang.com.vn reported.
— Viet Nam News

Concerns persist over taxation of foreign e-commerce firms
The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities.
— Viet Nam News

Vietnam veteran alerted others via radio
Carrying radio equipment on his back in the jungles of Vietnam was a big challenge, but Jerry Platt of Niles said he rose to the challenge when it was his job to alert military officials about where his unit was and to report casualties and injuries.
— Trib Today

 

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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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