Vietnam morning news for May 21

Vietnam morning news for May 21

Vietnam morning newsVietnam, EU Eye Trade Alternative to US
Vietnam and Europe could be swapping more pomelo fruit and Portuguese cheese soon if a new trade deal comes into effect, linking two regions that have been looking for an alternative to the trade tensions brought on by the United States.
— VOA

Vietnam’s Abivin lifts Startup World Cup 2019, takes home US$1M prize money
The Hanoi-based startup has built an AI-powered logistics optimisation platform that helps companies save on logistics costs, automate process, and enable supply chain visibility Abivin, a Vietnamese startup that has built an AI-powered logistics optimisation platform to help companies save on …
— e27

Moderate credit growth positive for Vietnam’s economy
Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy.
— VietnamPlus

Seventh graders win environmental documentary award
A short documentary on how to unleash the potential of sustainable tourism of Quảng Nam Province’s Thu B�”n River after the historic flood in 2000 brought a special prize for two secondary school students in the “School Ambassador in Disaster Prevention and Climate Change Adaptation” …
— Viet Nam Net

Power consumption surges as summer heats up
Vietnam is seeing a surge in electricity demand as summer heat intensifies while water shortage constrains power production.
— VnExpress

Banks to issue chip cards in place of 21 million magnetic strip cards
Seven banks will start issuing ATM chip cards that meet EMV standards to replace magnetic strip cards in collaboration with the National Payment Corporation of Việt Nam starting from May 28.
— Viet Nam News

Intellectual property, alcohol impacts on agenda for ongoing parliament session
The seventh session of Vietnam’s 14th National Assembly opens on Monday with 16 bills and two resolutions on the agenda.
— VnExpress

Fisheries exports forecast to pick up after listless first quarter
Fisheries exports could increase by 8 per cent this quarter, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
— Viet Nam News

Vietnam Asset Management Company announced its plan for 2019
This year, the Vietnam Asset Management Company (VAMC) aims to issue VND20,000bn of special bonds, buy non-performing loan (NPL, bad debts) at the market price of VND4,500bn and recover VND50,000bn of bad debts. In order to ensure sufficient capital to promote debt purchase at market value, VAMC want to grant enough charter capital of VND5,000bn according to the plan approved by the Prime Minister.
— Vietnam Insider

Vietnam, Malaysia target $15B in trade
Vietnam and Malaysia have agreed to enhance economic cooperation to increase two-way trade to $15 billion by next year.
— The Phnom Penh Post

Vietnam’s Bamboo Airways Increases Flights to Taiwan
Vietnam’s Bamboo Airways is adding another flight between Vietnam and Taiwan in time for the busy summer travel season.
— Airlinegeeks

Brazil envoy calls for tapping bilateral trade potential
There is great potential to expand and diversify trade between Việt Nam and Brazil, and the two governments should enable that potential to be tapped into, the Brazilian ambassador to Việt Nam has said.
— Viet Nam News

Vietnam: Mangoes still being exported to US
On May 18, the provincial People’s Committee and Chanh Thu Export Import Company organized a ceremony to announce export of the first ton of Cat Hoa Loc mango from the province to the US market.
— Fresh Plaza

CNN: world’s largest cave in Vietnam discovered to be even bigger
The world’s biggest cave, Son Doong, in the jungle-filled Quang Binh province of central Vietnam, appears to be even bigger than previously thought, according to the US Cable News Network (CNN) Travel.
— VietnamPlus

Nanotechnology reduces odour on Tô Lịch River
A Japanese cleaning nano-technology has helped reduce the bad smell from the polluted Tô Lịch River in Hà Nội, according to online newspaper toquoc.vn.vn.
— Viet Nam Net

Indian giant proposes to build IT centre in HCM City
The Hindustan Computers Limited from India plans to establish an information and technology centre in HCM City, which will provide training for about 10,000 IT engineers over the next five years.
— Viet Nam News

Mitsui & Co to invest in Vietnamese shrimp producer Minh Phú
Mitsui & Co Ltd has agreed to acquire a 35.1 per cent of stake in Minh Phú Seafood Joint Stock Company, the world’s biggest shrimp integrator from farming and processing to sales.
— Viet Nam News

‘Fear and paranoia’: How Vietnam controls its media
Nguyen Hang* remembers her first day as a “news assistant” in 2008 for an international publication in Vietnam.
— Aljazeera

Khang Điền House to issue 130 million shares for dividend and bonus payments
Khang Điền House Trading and Investment JSC (HoSE: KDH) plans to issue 130 million bonus shares for dividend payments and employee stock ownership plan (ESOP) distribution.
— Viet Nam News

Community Disaster Prevention Fund honours enterprises
Joining the activities for community were part of Vietjet employees’ life since the first days of establishment and absolutely in future, Vietjet vice president Xuân Quang said.
— Viet Nam News

Trường Thành Furniture to acquire ceramics firm to raise capital
Trường Thành Furniture Corporation (HoSE: TTF) would acquire Thiên Thanh Sanitaryware JSC on Tuesday to avoid the risk of cumulative losses outpacing charter capital, cafef.vn reported.
— Viet Nam News

VND currency hits new low against USD
Commercial banks are selling USD for nearly VND23,500, a historical peak, with rates rising steadily since last week.
— VnExpress

Korean threat actor creates malware to identify connected Bluetooth devices
ScarCruft, a Korean-speaking threat actor, has tested and created new tools and techniques, and extended both the range and volume of information collected from victims.
— Viet Nam News

High profits lead to stiff competition in credit card market
Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated by the credit card segment.
— Viet Nam News

Vietnam: Mobile Data Growth To Be Fueled By 4g Network Rollout And Expansion By Operators
In 2016, Vietnam will generate total telecom service revenue of $6.9bn (or 3.4% of its nominal GDP), a decrease of 0.7% over 2015. However, in local currency, it is expected to grow by 1.6% during the same period, owing to growth primarily in fixed broadband and mobile data revenue.
— Vietnam Insider

Investors still waiting for new rental prices at Saigon High-Tech Park
Dozens of businesses that want to invest in Saigon High-Tech Park (SHTP) in District 9 have not received approval because the city has yet to announce new land rental prices for public land.
— Viet Nam News

Shopee vs Lazada: it’s a pitched battle in Vietnam
Shopee and Lazada, locked in a race to be top dog in online retail, are pouring money and trying various strategies to attract customers.
— VnExpress

Market to face difficulties while VN-Index approaching 980 points
The Vietnamese market is expected to move modestly this week as VN-Index approaches its difficult resistance level of 980 points, analysts said.
— Viet Nam News

Moderate credit growth positive for Việt Nam’s economy
Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy.
— Viet Nam News

Hà Giang beef receives geographical indication
The geographical indication for Hà Giang beef covers beef produced in six districts — Dung Văn, Mèo Vạc, Yên Minh, Quản Bạ, Hoàng Su Phì and Xín Mần.
— Viet Nam News

Enhancing Vietnam – Russia comprehensive strategic partnership
Prime Minister Nguyen Xuan Phuc is paying an official visit to Russia from May 20-23 at the invitation of his Russian counterpart Dmitry Medvedev.
— Nhan Dan Online

Seventh graders win environmental documentary award
A short documentary on how to unleash the potential of sustainable tourism of Quảng Nam Province’s Thu B�”n River after the historic flood in 2000 brought a special prize for two secondary school students in the “School Ambassador in Disaster Prevention and Climate Change Adaptation”
— Viet Nam Net

Indian giant proposes to build IT centre in HCM City
The Hindustan Computers Limited from India plans to establish an information and technology centre in HCM City, which will provide training for about 10,000 IT engineers over the next five years.
— Viet Nam News

Khang Điền House to issue 130 million shares for dividend and bonus payments
Khang Điền House Trading and Investment JSC (HoSE: KDH) plans to issue 130 million bonus shares for dividend payments and employee stock ownership plan (ESOP) distribution.
— Viet Nam News

Vietnam’s top legislature session opens
The seventh session of the 14th National Assembly (NA) of Vietnam, the country’s top legislature, kicked off here on Monday, focusing on reviewing and adopting draft laws.
–Xinhua

Auchan retail chain to leave Việt Nam
Those outlets generated 45 million euros (US$50.4 million) in revenue in 2018 and are still suffering losses.
— Viet Nam News

Trường Thành Furniture to acquire ceramics firm to raise capital
Trường Thành Furniture Corporation (HoSE: TTF) would acquire Thiên Thanh Sanitaryware JSC on Tuesday to avoid the risk of cumulative losses outpacing charter capital, cafef.vn reported.
— Viet Nam News

 

Feature photo Daderot

This week’s Vietnam morning news photo features International Day for Biological Diversity, May 22.

 

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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