Vietnam morning news for July 9

Vietnam morning news for July 9

Vietnam morning news

Việt Nam to increase rice exports to EU under EVFTA
Rice quotas for Việt Nam under the EVFTA are expected to push Việt Nam’s rice exports up from the second half of this year, according to the Ministry of Industry and Trade (MoIT).
— Viet Nam News

Vietnam Adopts Amended Law on Enterprises and Law on Investment
On June 17, Vietnam’s National Assembly (NA) passed the amended Law on Investment and Law on Enterprises, both of which will take effect on January 1, 2021.
— Vietnam Briefing

Vietnam’s outlook is ‘one of the brightest’ in Asia, UBS says
Vietnam is among the “brightest” spots in Asia despite the challenge of trying to contain the coronavirus pandemic — and its economy is poised to rebound, a UBS economist said this week.
— CNBC

Vietnam bid to invest in Japan refinery stalls
Plans for Petrolimex, Vietnam’s top gasoline seller, to take a stake in a refinery of Japanese oil company Eneos have fallen more than a year behind schedule, as the government holds off on major decisions ahead of the upcoming overhaul in the Communist Party’s leadership.
— Nikkei Asian Review (paywall)

The EVFTA: Understanding Rules of Origin
Investors looking to taking advantage of the recently ratified EVFTA must understand and comply with rule of origin guidelines.
— Vietnam-Briefing

Vietnam imports less steel in first 6 months
Vietnam spent more than four billion U.S. dollars importing roughly 6.8 million tons of steel and iron in the first six months of this year, down 16.3 percent in value and 5.4 percent in volume against the same period last year.
— Hellenic Shipping News

Vietnam jails Facebook user for 8 years over ‘anti-state’ posts
A court in Vietnam on Tuesday sentenced a man to eight years in prison after finding him guilty of uploading anti-state posts on his Facebook account, the security ministry said.
— Bangkok Post

Thai power generator buys wind projects in Germany and Vietnam
Thai electricity company Gulf Energy Development has acquired a wind power project in Germany and another in Vietnam in the space of a week, targeting the growing global trend towards decarbonization.
— Nikkei Asian Review (paywall)

Mobifone blocks subscribers making spam calls
Việt Nam Mobile Telecom Services Corporation (Mobifone) has launched a system to detect and prevent spam calls using big data technology (Big Data), artificial intelligence (AI) and machine learning.
— Viet Nam News

Sacombank enhances loan package for individual customers by $431.18 million
Sacombank has added an additional VNĐ10 trillion (US$431.18 million) to its preferential credit package for individual customers to meet both business and living needs to help restore production and stabilise their lives after the COVID-19 pandemic.
— 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

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

Southern Vietnam sees surge in industrial land prices
Average Q2 leasing costs at industrial zones in HCMC and southern provinces rose to $106 per square meter, a 9.7 percent year-on-year increase.
— VnExpress

HoSE approves listing of Đức Giang Chemical
Đức Giang Chemical Group, formerly known as Đức Giang Chemical Company, is a State-owned enterprise under the Việt Nam General Department of Chemicals, established in 1963.
— Viet Nam News

Shares of husbandry companies soar on rising profits
Authorities have been increasing imports to contain prices, and even allowed for the first time imports of live pigs to cater to people’s preference for fresh meat over frozen meat.
— Viet Nam News

Customs watchdog to focus on origin frauds, illegal transhipment
Nguyen Tiến Lộc, Director of the General Department of Customs’s Post-Clearance Inspection Department, made the statement at a conference about the fight against origin fraud on Monday in Hà Nội.
— Viet Nam News

Vietnam’s property prices rising strongly
In Ho Chi Minh City, apartment prices surged 20.9% in Q1 2020 from a year earlier, to an average of US$2,452 per sq. m, according to Jones Lang La Salle Vietnam.
— Global Property Guide

Vietnamese firm to export electric motorbikes to Cuba
Vietnamese electric motorbikes will soon be seen on the streets of Havana, after a US$3 million deal was signed to ship scooters to Cuba.
— Viet Nam News

PM reviews financial sector in first six months
Việt Nam’s budget collection has seen a sharp fall during the first six months of 2020 at just 44.2 per cent of projected income, a 10.5 per cent drop compared to the same period last year, said the Ministry of Finance in an online meeting with Prime Minister Nguyen Xuân Phúc in Hà Nội yesterday.
— Viet Nam News

One more geopark in Vietnam gets UNESCO recognition
A park in Vietnam’s Central Highlands province of Dak Nong received global geopark status at a UNESCO executive board meeting on Tuesday.
— VnExpress

Việt Nam pivots to circular economy
Several business models in Việt Nam are heading towards the circular economy based on the principles of eliminating waste and recycling resources.
— Viet Nam News

Sơn La to export $9 million of longan
The northwestern mountainous province of Sơn La is expected to export US$9 million of longan products this year.
— Viet Nam News

First Việt Nam-Japan teleconference on support industries opens
Some Vietnamese support enterprises in fields of molds manufacturing, standard mechanical components, plastic components and technical rubber are suitable for production needs of many Japanese firms.
— Viet Nam News

Vietnam Police Bust $859 Million Online Gambling Ring
Vietnam Police have busted an online gambling ring worth$859 million in northern Hung Yen Province, leading to 20 arrests.
— European Gaming

HoSE approves listing of Đức Giang Chemical
Đức Giang Chemical Group, formerly known as Đức Giang Chemical Company, is a State-owned enterprise under the Việt Nam General Department of Chemicals, established in 1963.
— Viet Nam News

Việt Nam to increase rice exports to EU under EVFTA
Rice quotas for Việt Nam under the EVFTA are expected to push Việt Nam’s rice exports up from the second half of this year, according to the Ministry of Industry and Trade (MoIT).
— Viet Nam News

Car sales rocket after registration fee cut
Prime Minister Nguyen Xuân Phúc decided to cut 50 per cent of registration fees for locally-manufactured and assembled cars till the end of this year.
— Viet Nam News

Securities, consumer staples boost local market
The benchmark VN-Index on the Ho Chí Minh Stock Exchange inched up 0.13 per cent to end at 864.5 points, extending its rally to a fourth day with total growth of 2.63 per cent since last Friday.
— Viet Nam News

BSR asks for tax exemptions to overcome difficulties
Việt Nam’s largest refining and petrochemical firm, Bình Sơn Refining and Petrochemical JSC (BSR), asked for tax exemptions to overcome current and future difficulties in the oil industry.
— Viet Nam News

The next steps for Vietnam’s booming solar sector
Vietnam is showing promising early signs of emerging as a major solar producer, Thang Nam Do and Paul Burke write.
— Policy Forum

Tea businesses need restructuring to add value
The Government should build corporations with financial resources to help the domestic tea industry add value, branding and sales, said Chairman of Vietnam Tea Association Nguyen Hữu Tài.
— Viet Nam News

Shares of husbandry companies soar on rising profits
Authorities have been increasing imports to contain prices, and even allowed for the first time imports of live pigs to cater to people’s preference for fresh meat over frozen meat.
— Viet Nam News

Local gold prices reach a new record high
Local gold prices kept soaring this morning to pass the historic high on July 6, reaching VNĐ50.32 million (US$2,172) per tael (1.2 ounces). The prices of the yellow metal went up in the global market.
— Viet Nam News

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

Tea businesses need restructuring to add value
The Government should build corporations with financial resources to help the domestic tea industry add value, branding and sales, said Chairman of Vietnam Tea Association Nguyen Hữu Tài.
— Viet Nam News

COVID-19 a once-in-a-century opportunity to boost digital transformation
The COVID-19 pandemic was offering a once-in-a-hundred-year opportunity for Việt Nam to boost digital transformation on a national scale, Minister of Information and Communications Nguyen Mạnh Hùng said at the ministry’s conference on Monday.
— Viet Nam News

Car sales rocket after registration fee cut
Prime Minister Nguyen Xuân Phúc decided to cut 50 per cent of registration fees for locally-manufactured and assembled cars till the end of this year.
— Viet Nam News

Market growth contracts as profit taking weighs on blue chips
The VN-Index had risen a total of 2.23 per cent in the previous two trading days.
— Viet Nam News

Thai firm buys two wind power farms in VN
The move aims to take advantage of low interest rates to build projects with a quick return on investment.
— 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.

 

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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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