Vietnam morning news for June 5

Vietnam morning news for June 5

Vietnam morning newsVietnam’s rubber export rises in 5 months
Vietnam gained 673 million U.S. dollars from exporting 495,000 tons of rubber in the first five months of this year, seeing respective year-on-year increases of 4 percent and 11.9 percent.
— Xinhua

Vietnam lawmakers say no to overnight alcohol ban
The parliament has rejected a curfew on the sale of alcoholic drinks proposed by the Ministry of Health.
— VnExpress

Forbes Vietnam announces top 50 listed firms
Forbes Vietnam on June 3 announced Vietnam’s 50 top listed companies for 2019. The firms accounted for 63 percent of total market capitalisation on the Ho Chi Minh and Hanoi stock exchanges in mid-May.
— VietnamPlus

Halal food exports offer Việt Nam big opportunity
Halal food is a promising export product for Vietnamese companies to pursue though they may face challenges.
— Viet Nam News

Vietnam Steps Up Punishment of Journalists, Bloggers
Twenty-five members of Congress wrote to Secretary of State Mike Pompeo last week to urge greater freedom of expression in Vietnam, where the one-party communist state has aggressively jailed bloggers and activists.
— VOA

Vietnam sees declining smoking rates
According to the report by the Fund for Prevention and Control of Tobacco Harm, under the Ministry of Health, from 2014 to 2018, public awareness about smoking had increased greatly. The smoking rate among men decreased by 2.1% to 45.3%.
— Vietnam Insider

Vietnam’s liberalization efforts lead to booming tourism industry
Tourism is likely to become Vietnam’s new growth pillar, increasing its contribution to the service sector and overall GDP.
— The Hanoitimes

Vietnam imposes temporary anti-dumping duties on Chinese products
The Ministry of Industry and Trade (MoIT) has announced temporary anti-dumping duties on aluminum products originating from 17 Chinese producers.
— Eleven Myanmar

EU to sign framework participation agreement with Vietnam
The EU will soon sign a Framework Participation Agreement (FPA) with Vietnam to establish the Southeast Asian nation’s participation framework in the bloc’s crisis management activities, said a senior official.
— VietnamPlus

Vietnam Airlines Launches New Route Between Danang and Busan
Vietnam Airlines announce the launch of its new twice-weekly service connecting Danang and Busan operated by Airbus A321, starting 20 July 2019.
— Aviation Tribune

Vietnam Petrochemical Comprehensive Market Research Report: Ken Research
Petrochemicals and oil refining are two areas in the oil and gas processing industry. These two areas are two consecutive and intertwined phases of the entire oil and gas processing industry.
— Vietnam Insider

Electricity sector needs accountability and transparency
Việt Nam raised its retail electricity prices in March after nearly two years without change, but this decision has received mixed responses from the public. Debates on the grounds for the price hike, transparency in tariff calculation and the change’s impact on the whole economy have been …
— Viet Nam News

Forestry product exports fetch US$4.25 billion in five months
The export value of forestry products in the first five months of 2019 hit US$4.25 billion, up nearly 20% year-on-year, according to the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development (MARD).
— NDO

Saigon, Hanoi premium office rents rise on low supply
The HCMC and Hanoi premium office markets continue to be undersupplied with no new buildings coming online in the first quarter.
— VnExpress

After Record Share Sales, Vietnam Experiences Slowdown This Year
After last-year’s record-setting sales of shares in companies, Vietnam is experiencing a comedown as fewer businesses offer stakes to stock investors amid uncertainties in the market.
— Bloom Berg

Why is Vietnam an ideal haven for first time travelers?
There are different countries in the world with gorgeous places you can visit and one of them is Vietnam.
— The Hanoitimes

Vietnam promotes genome decoding for better healthcare
The recently held conference Genetica Talk, themed ‘Combination between Genome Decoding and Artificial Intelligence – Breakthrough Method for Vietnamese Healthcare’, has clearly demonstrated the current international trend of using genetic information to personalize medical treatments, which is quite new in Vietnam.
– Sggp news

Foreign investors net purchase US$388 million of Vietnam shares YTD
The ongoing revision of Vietnam’s securities law is expected to remove restriction for foreign ownership limit at local companies.
— The Hanoitimes

Drug mule shoots and kills border officer in central Vietnam
A Vietnamese border officer was killed and two others were wounded in a gunfight with drug smugglers on the Laos border Monday.
— Vietnam Insider

Vietnam manufacturing PMI shows continuous growth in May
Vietnam’s manufacturing sector showed further improvement in May, supported by sharper increases in output and new orders.
— Nikkei Asian Review

Two CapitaLand Vietnam projects receive green certification
Singaporean developer also targets 100% green certifications for enlarged global portfolio with Ascendas-Singbridge by 2030.
— Vietnam Insider

Central city to build new terminal
Đà Nẵng will build a new terminal, T3, at its international airport with total investment of VNĐ9 trillion (US$391 million), increasing the airport’s capacity to 28 million passengers and 200,000 tonnes of cargo by 2030.
— Viet Nam News

Vietnam, Japan seek to enhance extensive strategic partnership
Vietnam and Japan have sought concrete orientations and measures to develop their extensive strategic partnership in a more pragmatic and effective manner, especially in politics-diplomacy, national defence and security.
— NDO

MoIT imposes temporary anti-dumping duties on Chinese products
The Ministry of Industry and Trade has announced temporary anti-dumping duties on aluminum products originating from 17 Chinese producers.
— Viet Nam News

To make the private sector a true vital driver of the national economy
Since the 12th National Party Congress, under the close direction of the Politburo and the strong administration of the Government, Vietnam’s economy has made an important shift and achieved optimistic results.
— NDO

Over VNĐ11.9 trillion raised via G-bonds in May
The State Treasury of Việt Nam raised more than VNĐ11.9 trillion (nearly US$513 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) in May, down 5 per cent against the previous month.
— Viet Nam News

Vietnam’s Eastern North-South expressway set for kick-start next April
The Eastern North-South expressway project includes 11 sub-projects with total length of 654 kilometers running through 13 provinces and cities, of which three will be financed by state budget and eight under the PPP and build-operate-transfer (BOT) financing.
— The Hanoitimes

Smuggled sugar a barrier to ATIGA implementation
Sugar firms have asked authorities to properly analyse the implications of the implementation of the ASEAN Trade in Goods Agreement (ATIGA) on farmers, workers and enterprises.
— Viet Nam News

Slow equitisation prevents VEAM listing
The country’s largest engine and machinery producer VEAM has not been able to list on the Ho Chi Minh Stock Exchange (HoSE) due to sluggish equitisation.
— Viet Nam News

$200 mln deal to develop resort complex on Tuan Chau Island
Construction company Coteccons and real estate developer Tuan Chau Group will build a multimillion-dollar resort complex on Tuan Chau Island.
— VnExpress

SeAH Group Completes Steel Tube Plant in Vietnam
Business Korea reported that SeAH Holdings Corp, the holding company of SeAH Group, announced on June 3 that it completed the second plant of SeAH Steel Vina, a subsidiary incorporated in Vietnam, on May 30.
— Steel Guru

Japanese firm acquires 17 per cent of Fecon
Raito Kogyo Group from Japan has become a strategic partner of Fecon Corporation (FCN) after buying 19.5 million shares, equal to a 17.13 per cent stake.
— Viet Nam News

Leading Italian businesses to join economic dialogue in Hanoi
This year’s conference will be co-chaired by Vietnamese Prime Minister Nguyen Xuan Phuc and Italian Prime Minister Giuseppe Conte.
— The Hanoitimes

Thiều lychee week to take place in Hà Nội
A week to promote thiều lychee from the northern province of Bắc Giang’s Lục Ngạn District will kick off at Hà Nội’s Exhibition Fair, Economic Transaction and Commercial Area from June 7-16.
— Viet Nam News

Online sellers on Facebook expect profit decrease after new tax policy
After selling goods online via Facebook, Ngoc Thanh now has enough money to pay for the house she bought before on installment.
— Vietnam Insider

The Impact Of Vietnam’s Anti-Corruption Campaign On The Real Estate Sector – Analysis
Vietnam’s unprecedented anti-corruption campaign led by Communist Party of Vietnam (CPV) General Secretary Nguyen Phu Trong since 2016 has resulted in the arrest and prosecution of dozens of high-ranking officials.
— Eurasia Review

 

Feature photo Communist Party of Vietnam Online Newspaper

This week’s morning news photo features International Day for the Fight against Illegal, Unreported and Unregulated Fishing, June 5.

 

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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