Vietnam morning news for June 27

Vietnam morning news for June 27

Vietnam morning newsViệt Nam develops forestry industry, explores collaboration with US
Việt Nam has been moving towards building a sustainable wood processing industry that uses legal materials in accordance with international and Vietnamese law as well as regulations of major export markets like the US, EU and Japan.
— Viet Nam News

EVN supports for one price at 9.35 US cents for rooftop solar power
Electricity of Việt Nam (EVN) has agreed with continuing the current FiT rate at 9.35 US cents/kWh for rooftop solar power projects nationwide until 2021 as proposal of the Ministry of Industry and Trade (MoIT).
— Viet Nam News

Vietnam warns advertisers over anti-state channels
YouTube advertisers should stop posting on channels that feature “toxic” anti-state content, a Vietnamese official said Tuesday at a meeting with major brands including Yamaha and Grab.
— The Asean Post

Vietcombank and JBIC sign US$200 million contract for renewable energy development
Vietcombank and the Japan Bank for Co-operation on Tuesday signed a US$200 million credit contract to finance renewable energy projects.
— Viet Nam News

State investment agency to sell stakes in 108 firms
Vietnam’s State Capital Investment Corporation (SCIC) has announced a list of 108 companies that it will partially divest from late 2019.
— VnExpress

Thai firm tops $1 bln in H1 revenues from Vietnam
Thai Beverage, which owns the biggest brewer Sabeco, earned H1 revenues of VND25.3 trillion ($1.09 billion) from its Vietnam operations.
— VnExpress International

Vietnam consumer confidence grows fastest in Asia Pacific region
Vietnam’s consumers confidence index saw the biggest gains in the Asia Pacific region in the first quarter this year, market research firm Nielsen says.
— VnExpress

Vietnam has huge potential to develop renewable energy
Vietnam has set lofty goals for renewable energy, targeting raising total production from 58 billion kWh in 2015 to 101 billion kWh next year, 186 billion kWh in 2030 and 452 billion kWh in 2050.
— The Phnom Penh Post

JBS Couros expands Vietnam operations and launches new showroom
Over the past several years, JBS Couros has made significant investments at its Vietnam plant to expand installed capacity and build facilities for customers. After investing over $5 million, plant floor space has practically doubled from 18.5m² to 35.8m², and the site is now unveiling an imposing showroom.
— Leathermag

Foxconn Vietnam plans to build factory in Quang Ninh
Foxconn Vietnam is planning to open a television screen component factory in the northeastern province of Quang Ninh with a labour demand of 3,000 workers.
— VietnamPlus

Vietnam warns YouTube advertisers over anti-state channels
YouTube advertisers should stop posting on channels that feature “toxic” anti-state content, a Vietnamese official said on Tuesday (June 25) at a meeting with major brands including Yamaha and Grab.
— The Strait Times

Vietnam Airlines Unlocks New Perspectives into Customer Experience Insights with Qualtrics
Qualtrics, the leader in experience management, today announced Vietnam Airlines, a leading airline in South East Asia and national flag carrier of Vietnam, is using Qualtrics CustomerXM™ as part of the company’s efforts to create a more robust and tailored customer experience for its 22 million annual passengers.
— Yahoo News

Lotte Card Focusing on Vietnam
Lotte Card is expanding its business in Vietnam by increasing the number of local employees to 1,000 by the end of this year.
— Business Korea

Foreign investment pledges to Vietnam hit US$18.47 billion in H1
Vietnam attracted US$18.47 billion in foreign direct investment in the first half of 2019, down 9.2% compared with the same period last year, according to the Foreign Investment Agency.
— NDO

Vietnam, a potential destination for Apple
According a Nikkei Asian Review report, Vietnam is among the most likely destinations for Apple to restructure its supply chain in.
— VietnamPlus

Vietnam a top holiday draw in Southeast Asia: SCMP
South China Morning Post has listed Vietnam among six Southeast Asian countries whose beauty is largely undiscovered.
— VnExpress

Businesses play key role in socio-economic development: Deputy PM
The Vietnamese Government has consistently prioritised fast and sustainable economic growth, and the business community plays as a key force to realize the country’s development goals, said Deputy Prime Minister Trinh Dinh Dung on June 26.
— NDO

Business environment needs strong Gov’t actions: VBF 2019
The Vietnamese economy will grow faster if private companies thrive, but development should be sustained, transparent and secure, heard a meeting on Wednesday.
— Viet Nam News

EVFTA ensures benefits for both Việt Nam and EU
The European Union – Việt Nam Free Trade Agreement (EVFTA) is set to be signed in Hà Nội on June 30. Minister of Industry and Trade, Trần Tuấn Anh spoke to local media about the historic trade deal.
— Viet Nam News

MSCI announcement pulls shares down
Shares failed to rally on Wednesday, partly affected by Morgan Stanley Capital International (MSCI)’s announcement that Việt Nam will not be included the company’s watchlist for potential reclassification as an emerging market.
— Viet Nam News

Vietnam Online Tourism Day 2019 opens
The Vietnam Online Tourism festival 2019 under the theme “The inevitable trend of online tourism” opened in Hanoi on June 26.
— NDO

Viettel establishes 8th subsidiary, focusing on digital transformation
Viettel Group on Wednesday officially launched the Viettel Digital Services Corporation (VDS), its 8th subsidiary.
— Viet Nam News

Rice terraces and ‘turtle shell’ scrums: barefoot rugby in Vietnam
Barefoot and muddied, a group of youngsters sprint across a makeshift pitch in rural Vietnam, passing the ball in a game of touch rugby in a country where few people have ever heard of the sport.
— The Jakarta Post

Hòa Hội solar power plant opens in Phú Yên
The Hòa Hội Solar Power Plant was inaugurated on June 25 in Phú Hòa District, central Phú Yên Province.
— Viet Nam News

Defense Dialogue Puts Vietnam-South Korea Military Ties into Focus
The latest iteration of the mechanism offered insight into the current state and future prospects for security collaboration.
— The Diplomat

Việt Nam promotes business, investment in UK
Business leaders from the north of the UK on Tuesday attended the “Meet Vietnam” conference held in the city of Manchester to explore business and investment opportunities in Việt Nam.
— Viet Nam News

Official lauds Vietnam Business Forum’s contributions to nation
Politburo member, Secretary of the Party Central Committee and Head of the PCC’s Economic Commission Nguyen Van Binh has lauded Vietnam Business Forum (VBF) for its contributions to Vietnam, especially policy recommendations and sharing of experience in economic development and energy in particular.
— NDO

Enterprises urged to prepare for escalating US-China trade war
Vietnamese exporters have been urged to prepare for any trade-related lawsuits and disputes arising from the escalating US-China trade war amid concerns that the two major powers will not reach an agreement at a meeting in Japan this month.
— Viet Nam News

Singapore: huge potential for Vietnamese exports
The Singapore market is considered to have a huge potential for Vietnamese enterprises, with advantages such as cultural similarities, consumption trends suited to Vietnamese goods, low market research costs, and easy export transactions, experts have said.
— Viet Nam News

Contracts inked to step up gas, power projects in southern region
PetroVietnam Gas Joint Stock Corporation (PV Gas) on Monday signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants, vietnamplus.vn reported.
— Viet Nam News

VN fails to make MSCI watchlist for status upgrade
Việt Nam has once again missed the chance to break into Morgan Stanley Capital International’s watchlist of potential reclassification for a status upgrade.
— Viet Nam News

Poachers imprisoned for killing two rare langurs
The Con Cuông District People’s Court in the central province of Nghệ An has sentenced five poachers to a total of 13 years and six months in prison for violating regulations on protection of endangered, precious and rare animals.
— Viet Nam Net

FMCG market forecast to grow strongly in the long term
The fast moving consumer goods market will remain strong in the long term in the country’s four key urban cities of Hà Nội, Đà Nẵng, HCM City, and Cần Thơ and see an acceleration in rural areas, according to Kantar Worldpanel, a global data, insights and consulting company.
— Viet Nam News

Vietnam takes over presidency of UN disarmament body
Vietnam has become the president of the United Nations Conference on Disarmament for a second time.
— VnExpress

Asanzo Vietnam to be inspected following reports on product origin
Minister of Industry and Trade Trần Tuấn Anh has asked Government agencies to inspect potential wrongdoings at Asanzo Vietnam Electronics JSC to protect the rights and benefits of consumers and ensure a healthy business environment.
— Viet Nam News

Thai firm tops $1 bln in H1 revenues from Vietnam
Thai Beverage, which owns the biggest brewer Sabeco, earned H1 revenues of VND25.3 trillion ($1.09 billion) from its Vietnam operations.
— VnExpress

Markets fall on weak cash flow
Vietnamese markets fell on Tuesday due to low liquidity as the market remained short on cash flow.
— Viet Nam News

Promoting Vietnamese agricultural products in France
A programme “Promoting Vietnamese agricultural products 2019” was organised at the Rungis International Market in Paris, France, on June 25.
— NDO

SCIC to divest capital at big firms in 2019
The State Capital Investment Corporation (SCIC) plans to sell State capital at 108 businesses including many big ones this year.
— Viet Nam News

Furniture firm targets smaller loss in 2019
Trường Thành Furniture Corporation (Trường Thành) expects its losses to reach VNĐ588 billion (US$25.3 million) in 2019, heard the firm’s annual shareholder meeting on Monday.
— Viet Nam News

EU welcomes signing of free trade deals with Vietnam
EU Commissioner for Trade Cecilia Malmström has said that she was pleased to see that the member states have given a green light to the trade and investment agreements with Vietnam.
— NDO

 

Feature photo loilamtan

 

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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