Vietnam morning news for July 8

Vietnam morning news for July 8

Vietnam morning newsVietnam-made 5G smartphone announced
According to reports in the regional press and Reuters, a Vietnam-made 5G smartphone is on the way.
— Developing Telecoms

Vietnam improving legal framework for FTA with EU
Tax policies are being specified while customs procedures simplified to improve Vietnam’s legal framework to facilitate the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA).
— The Phnom Penh Post

Vietnam’s 7GW wind energy ambitions
White & Case LLPOn June 25, 2020, the Vietnamese Prime Minister published a list of 91 approved-in-principle wind power projects with an estimated energy generation capacity of seven gigawatts (GW).
— Jdsupra

VinSmart launches Vsmart Aris 5G smartphone
VinSmart Research and Manufacturer Joint Stock Company, an affiliate of Vingroup, on Monday announced smartphone Vsmart Aris 5G, marking its trial manufacture of the first domestic terminal incorporating 5G technology in Việt Nam.
— Viet Nam News

Vietnam’s new Labor Code – key changes
A new Labor Code will take effect on January 1, 2021[1]. There are some key changes that will affect both employers and employees. Some employee protections have been extended and some changes are more aligned with the International Labor Organization and with international best practices.
— Lexology

British pilot to leave Vietnam for home after virus recovery
Doctors say a British pilot who was Vietnam’s most critical COVID-19 patient has recovered enough to make the long flight home.
— ABC News

Viet Capital Bank and 7-Eleven Vietnam launch JCB credit card
Viet Capital Bank, 7-Eleven and JCB have teamed up to launch the Viet Capital Bank JCB 7-Eleven credit card.
— Verdict

Legal framework being improved to implement EVFTA
Tax policies are being specified while customs procedures simplified to improve the legal framework to facilitate the European Union – Việt Nam Free Trade Agreement (EVFTA) enforcement.
— Viet Nam News

National retail sales, service revenues up in June
Online shopping has become increasingly popular, especially when social distancing measures were put in place.
— Viet Nam News

Vietnam Plasma Fractionation Market to Reach $79.03 Million by 2027: AMR
Growing population of ageing people across the country vulnerable to various medical disorders drive the growth of the Vietnam plasma fractionation market.
— Globe News Wire

EuroCham proposes Gov’t to cut 50 per cent of registration fee for imported cars
The European Chamber of Commerce in Việt Nam (EuroCham) proposed the Government to apply the 50 per cent registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles.
— Viet Nam News

Hanoi to tap into domestic market to achieve socio-economic targets for 2020
Low economic growth, high unemployment rate and low disbursement rate of public investment are among shortcomings that Hanoi should address in the coming time, said Hanoi’s Party chief.
— The Hanoitimes

Japan thanks Vietnam for assisting military aircraft, crew amid COVID-19
Japan’s Embassy in Vietnam, on behalf of the Japanese Government, Ministry of Defense and relevant agencies, expressed gratitude to Vietnam for assisting in repairing and refueling with a P-3C aircraft from the Japan Maritime Self-Defense Force the past two months.
— Vietnam Times

Hoiana backers loan extra US$60mln for Vietnam scheme
Investors in the Hoiana casino resort scheme in Vietnam are advancing a further US$60 million for the project, according to a Monday filing in Hong Kong by one of the overall backers, Suncity Group Holdings Ltd.
— GGR Asia

Stock market players hail covered warrants on 1st anniversary
One year after they were introduced on the Ho Chí Minh Stock Exchange, covered warrants have had a positive impact on the market, helping increase liquidity for their underlying stocks.
— Viet Nam News

Vietnam to ramp up organic aquaculture production before 2025
The Vietnam News Agency reports that Deputy Prime Minister Trinh Dinh Dung has recently signed off on the Organic Agriculture Development Project for 2020-2030 in hopes of seizing the leading edge in organic agriculture production.
— The Fish Site

Việt Nam to go digital or lose out: Deputy PM Đam
Deputy Prime Minister Vũ Đức Đam highlighted the role of digital transformation when he met with leaders from the Ministry of Information and Communication (MIC) and the Việt Nam Computer Association, as well as members of the IT community, at a seminar on July 3.
— Viet Nam News

Sacombank signs up to lend to enterprises affected by COVID-19
Sacombank and 15 other banks have signed credit contracts to provide preferential loans to corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.
— Viet Nam News

Production reform, awareness of EU regulation needed among agriculture businesses for EVFTA: experts
With the EU – Việt Nam Free Trade Agreement coming into effect in August and eliminating most tariffs, agriculture, forestry and aquaculture businesses need to be aware of the EU’s stringent regulations, experts have said.
— Viet Nam News

Chinese experts resume delayed work on Hanoi metro line
After undergoing a 14-day quarantine period to prevent Covid-19 before entering Vietnam, a group of 23 Chinese experts has begun to work on the long-delayed Cat Linh – Ha Dong urban railway in Hanoi.
— Vietnam Times

Corporate bond market to boom in 2nd half before cooling down
Corporate bond issuance in June was estimated at VNĐ31 trillion (US$1.34 billion)
— Viet Nam News

VN stocks advance as securities, banking and aviation industries rise
The benchmark VN-Index on the Ho Chí Minh Stock Exchange gained 1.6 per cent to close at 861.16 points.
— Viet Nam News\

Hanoi shakes hands with provinces to stimulate domestic tourism
The city should promote the role of coordinator to help businesses access information and development policies.
— The Hanoitimes

Moody’s maintains ratings for BIDV
Moody’s has announced to maintain the ratings of the Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV).
— Viet Nam News

Vietnam-Japan teleconference on support industries opens
It is expected that through this teleconference, Vietnamese businesses and Japanese importers will better understand each other’s needs and capabilities.

Telecommunication revenue grows slightly due to COVID-19
The growth was lower than in the same period last year at 7.2 per cent.
— Viet Nam News

Việt Nam’s coffee exports up in H1
Việt Nam exported 955,000 tonnes of coffee, worth US$1.6 billion in the first six months of 2020, according to the Department of Import and Export under the Ministry of Industry and Trade.
— Viet Nam News

ACV revenue and profit to tumble
The ACV estimated it would record total revenue of VNĐ11.3 trillion (US$489.3 million) and total profit before tax of more than VNĐ2 trillion.
— Viet Nam News

Vietnam prioritises child right protection: ambassador
Vietnam always pays attention to and prioritises protecting children’s rights in armed conflicts, said Ambassador Le Thi Tuyet Mai, head of the Vietnamese delegation in Geneva.
— VietnamPlus

VIB’s journey to large retail bank
Vietnam International Bank (VIB) aims to earn pre-tax profit of VNĐ4.5 trillion (over US$193 million) in 2020, up 10 per cent year-on-year.
— Viet Nam News

Đà Nẵng sees negative economic growth for first time in over 20 years
Due to the coronavirus pandemic, the central city of Đà Nẵng saw its GRDP for the first half of the year contract by 3.61 per cent from the same period in 2019, the first time since the city became a centrally-run locality in 1997.
— Viet Nam News

Environmentally-friendly production and consumption to enhanced
The production and use of environmentally-friendly and recycled products will be encouraged in economic development plans for 2021-2030.
— Viet Nam Net

Shares to correct amid lack of positive news
Shares are forecast to experience volatility and correction this week because the absence of supportive information may negatively influence the stock price movement.
— Viet Nam News

Meet the first batch of e27 Pro Perks partners
We’re happy to announce a new feature for e27 Pro, Perks! Perks is designed to give pro members access to top-class products and services with over US$10,000 worth in savings.
— e27

Economic restoration needs ‘wartime’ policy effort
The Government’s new growth target of 4 per cent this year, though ambitious, could still be achieved if policy implementation is organised well.
— Viet Nam News

Stronger money policies might be considered to aid economic growth: SBV
The central bank’s statistics showed loan payment deadlines were restructured for nearly 260,000 customers with outstanding loans worth nearly VNĐ18 trillion (US$775.8 million)
— Viet Nam News

Guiding decrees needed to fight with transfer pricing
Anti-transfer pricing measures were included in the law on tax administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
— Viet Nam News

OECMs promise a new conservation opportunity for Việt Nam
A new conservation designation of the Convention on Biological Diversity (CBD) promises more opportunities for Việt Nam to boost conservation work in the country, experts have said.
— Viet Nam Net

P2P firms waiting for a sandbox
Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.
— Viet Nam News

Job losses on the way as firms look to downsize
Although the COVID-19 pandemic has been controlled in Viet Nam, its long-term effects will continue to be felt.
— Viet Nam News



Feature photo Vietnam Airlines
This week’s Vietnam morning news feature photo focus on COVID-19 prevention.


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).



About Vietnam morning news.

Vietnam morning news roundup is the most comprehensive hand-curated selection of Vietnam English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Vietnam English language news today.

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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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