Vietnam morning news for June 18

Vietnam morning news for June 18

Vietnam morning news

Vietnam to cut import tariffs on European cars
Import tariffs on European cars could fall by up to 15.6 percentage points in 2022 under the ratified E.U.-Vietnam trade pact.
— VnExpress

Vietnam trade drops, PM wants more SEZs
Bilateral trade between Cambodia and Vietnam dipped 8.1 per cent year-on-year to $2.17 billion in the first five months of the year on the back of the Covid-19 pandemic, the Vietnamese Embassy in Phnom Penh said in a Facebook post.
— The Phnom Penh Post

Vietnamese export goods face 12 trade remedy cases in H1
The Ministry of Industry and Trade’s Trade Remedies Authority of Việt Nam announced that 12 trade remedy cases were initiated by foreign countries and territories for Vietnamese goods in the first six months of this year.
— Viet Nam News

Vietnam is ready to supercharge its e-commerce market
The Vietnamese government has unveiled a national e-commerce development plan for Vietnam, which will see the sector growing by 25% each year to reach US$35 billion in sales within the next five years.
— Tech Wire Asia

Q&A: Relocating Your Supply Chain to Vietnam
The COVID-19 pandemic has had a significant impact on global supply chains, upending trade, and slowing growth. Due to the pandemic, China, known as the ‘factory of the world’ shut factories and production lines, battering supply chains. This created a domino effect with businesses struggling to finish products and source raw inputs.
— Vietnam Briefing

Vietnamese bananas officially enter Lotte Mart, South Korea
Lo Pang bananas, grown in the highlands of the Lo Pang commune, in Gia Lai province, are now officially being sold at Lotte Mart chain in the Republic of Korea.
— Fresh Plaza

Veg, fruit exports exceed $1.5 billion in first half
Exports of vegetable and fruits fetched more than US$1.5 billion in the first six months of the year, a year-on-year decline of 14.5 per cent, according to the Ministry of Agriculture and Rural Development.
— Viet Nam News

Vietnam lowers wheat tariffs, raising U.S. farmers’ hopes
Vietnam has reduced its tariffs on U.S. agricultural products, and U.S. wheat farmers hope that means more opportunities for sales.
— Capitalpress

Limited market boost from Vietnam telco network-sharing: Report
VIETNAM’S landmark telco network-sharing deal will offer little uplift to private-sector players, as state-linked operators still have the upper hand in the market, according to analysts.
— Business Times

Ministry plans to support enterprises with related party transactions
The interest expense deduction limit may be raised from the current 20 per cent to 30 per cent to support businesses, according to a draft decree on tax management for enterprises with related party transactions the Ministry of Finance recently made public for comments.
— Viet Nam News

Consortium buys 6% stake in Vinhomes for US$650 million
A KKR-led consortium has acquired a 6 per cent stake in the residential property developer Vinhomes JSC for US$650 million
— Viet Nam News

Cement producers urged to be flexible
Figures from the Ministry of Construction showed the country would have a cement output of more than 100 million tonnes this year while local consumption was forecast at 67 million tonnes.
— Viet Nam News

Deputies debate tax exemption for SMEs
A policy that may grant up to 30 per cent tax exemption for small-to-medium-sized business (SMEs) was discussed today by National Assembly deputies during a meeting in Hà Nội.
— Viet Nam News

Lender ACB to issue bonus shares at the rate of 30 per cent
Every shareholder will receive three new shares for every 10 shares they hold, meaning ACB will have to issue nearly 499 million new shares.
— Viet Nam News

Vinh City to be economic and cultural centre of the north central region by 2023
The Prime Minister has just approved the project to develop Vinh City, Nghệ An Province, into an economic and cultural centre of the north central region by 2023.
— Viet Nam News

PM expects media to transmit ‘positive energy’ in society in favor of post-Coronavirus recovery
VGP – Prime Minister Nguyen Xuan Phuc expects media to transmit ‘positive energy’ in society as well as models of good people and good deeds in a bid to give a strong boost to post-Coronavirus economic recovery.
— VGP Government in Action

SHB to raise capital to US$832 million
The bank will issue bonus shares at a rate of 10 per cent in the third or fourth quarter of the year to raise capital.
— Viet Nam News

Daimler Buses will soon be selling Mercedes-Benz buses in Vietnam
Daimler Buses is expanding its bus business in South-East Asia and will start selling Mercedes-Benz chassis in Vietnam. For this purpose, Daimler Buses is teaming up with the local automobile corporation Truong Hai Auto Corporation (THACO).
— Automative World

Credit institutions must speed up restructuring to meet deadline
Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up to meet the State Bank of Việt Nam (SBV)’s deadline this year.
— Viet Nam News

Vietnam boosts defence cooperation with Canada, Australia
Deputy Minister of National Defence Sen. Lt. Gen. Nguyen Chi Vinh on June 16 engaged in two online talks with Jody Thomas, Deputy Minister of Canada’s Department of National Defence, and Peter Tesch, Deputy Secretary for Strategic Policy & Intelligence at Australia’s Department of Defence.
— NDO

Exports witness positive recovery as COVID-19 pressure begins to ease
VGP – Viet Nam’s export turnover in May recorded a relative increase compared to April, which shows that the country’s concerted efforts in accelerating exports of goods have worked.
— VGP Ministerial Activities

Vestas Wins Another EPC Intertidal Contract in Vietnam
Danish turbine manufacturer Vestas has won a full Engineering Procurement Construction (EPC) contract for the 48 MW Tra Vinh V1-3 intertidal wind farm in Vietnam.
— Offshorewind

Rice exports set to skyrocket, renewable energy in high demand: trade minister
Việt Nam may take a global lead in rice exports for the year 2020, said Minister of Industry and Trade Trần Tuấn Anh in a report to the National Assembly on Monday.
— Viet Nam News

Finance ministry to consider VAT of 5 per cent on fertiliser
According to the Việt Nam Fertiliser Association, since the law came in force, the prices of fertiliser products in the domestic market rose by 7.2 – 7.6 per cent compared to when a VAT rate of 5 per cent was imposed previously.
— Viet Nam News

PM approves investment policy of Trần Đề IP in Sóc Trăng
The Prime Minister has approved an investment policy for a project building and exploiting infrastructure of the Trần Đề Industrial Park (IP) in Sóc Trăng Province.
— Viet Nam News

One more COVID-19 infection case confirmed, total rises to 335
VGP – A 24-year-old man living and working in Kuwait over the last two years has been confirmed the latest COVID-19 case in Viet Nam, bringing the patient tally to 335.
— VGP Ministerial Activities

Japan, UNDP provide basic support for COVID-19 prevention to poor households
VGP – The United Nations Development Program (UNDP) and the Japanese Embassy in Ha Noi announced the provision of basic support to poor and vulnerable households in Ninh Thuan, Binh Thuan and Ca Mau provinces for the prevention of COVID-19.
— VGP Local Activities

Businesses want the Government to offer more support to help them recover after the pandemic
The Government needs to have more practical and quicker support policies to help businesses, especially small ones, recover from the effects of the Covid-19 pandemic, business executives have said.
— Viet Nam News

Vietnam Assembly Committee Seeks Review of Appeal in Death Row Case
The judicial committee of Vietnam’s National Assembly on Tuesday agreed to seek a review of a court rejection last month the appeal of a death row prisoner,in a rare case of public disagreement between branches of the one-party communist state.
— Radio Free Asia

Government okays three more golf courses in northern Vietnam
Three golf course projects worth VND3 trillion ($129 million) in the northern provinces of Bac Giang and Hoa Binh have been approved.
— VnExpress

Cửu Long Delta business environment improves significantly: VCCI
Localities in the Cửu Long (Mekong) Delta have made significant improvements to their economic governance and business environment over the years with their unceasing efforts, the Việt Nam Chamber of Commerce and Industry said.
— Viet Nam News

More than 9,000 people under medical surveillance to prevent COVID-19 transmission
VGP – As many as 9,234 people who have been in close contact with COVID-19 patients or come from the pandemic-stricken areas are under medical surveillance, according to the National Steering Committee for COVID-19 Prevention and Control.
— VGP RSS Feed

UPCoM-traded firms seek ways for bourse switch
The bourse switch will allow UPCoM companies to raise capital to finance their investment projects.
— Viet Nam News

 

 

Feature photo European Union in Vietnam
This week’s Vietnam morning news feature photo focus on World Day to Combat Desertification and Drought, June 17.

 

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).

 

 

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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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