Vietnam morning news for June 19

Vietnam morning news for June 19

Vietnam morning newsVietnam Proposes Corporate Income Tax Cut to Boost Economy after COVID-19
In line with recent tax breaks and incentives to boost the economy following COVID-19, Vietnam’s National Assembly is discussing a draft resolution to cut corporate income tax (CIT) by 30 percent for 2020.
— Vietnam Briefing

Vietnamese Police Arrest Two Facebook Users Linked to Popular Discussion Group
Police in Vietnam’s Ho Chi Minh City last week arrested two Facebook users connected to an online discussion group, charging them with “abusing democratic freedoms” under a vaguely worded law often used to lock up bloggers and other peaceful critics of the country’s one-party communist government.
— Radio Free Asia

Vietnam Airlines A321 Suffers Cracked Windshield From Hail Mid Air
A Vietnam Airlines Airbus climbing out of Ho Chi Minh City last week hit torrential rain and hail, cracking both windshields. The incident caused the pilot to declare a PAN PAN and return to Ho Chi Minh City. There were no reported injuries to either passengers or crew.
— Simple Flying

Vietnam National Assembly adopted both EVFTA and EVIPA
According to EVFTA, Vietnam will eliminate tariffs on EU goods belonging to 48.5% of tariff lines in the tariff schedule right after EVFTA takes.
— Lexology

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

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

Vietnam speeds up big projects to heal economy from pandemic
Vietnam has approved its biggest commercial project this year, as the government seeks to maintain a record pace of public and private investment since January to help the economy emerge from the coronavirus pandemic.
— Nikkei Asian Review

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

KKR Looks to Triple Vietnam Investments After Vinhomes Deal
KKR & Co. expects to at least triple its investments in Vietnam in the next decade as it seeks to capture rising demand from the Southeast Asian nation’s growing middle class.
— Yahoo News

Vietnam to encourage construction of cheap apartments
Vietnam will employ policies to encourage the development of cheap commercial houses to remove difficulties for the real estate market and enterprises due to the Covid-19 pandemic.
— The Phnom Penh Post

Vietnam cinema chain raises $8 mln from foreign investor
Vietnam’s cinema operator Beta Media has received $8 million from Japanese investment fund Daiwa PI Partners.
— VnExpress

MoIT requests local firms to control food safety for exports to China
The Ministry of Industry and Trade (MoIT) has recommended local enterprises to strictly implement regulations on food safety for farming and seafood products exported to China to avoid them getting stuck at border gates.
— Viet Nam News

M&A deal top priority to join industrial real estate sector: Gelex CEO
Gelex is planning to raise its ownership in Viglacera to the controlling level of 51 per cent
— Viet Nam News

Tax relief stimulus approach forecast to widen Việt Nam’s fiscal deficit
Việt Nam’s fiscal deficit (excluding debt principal repayments) would be 6.4 per cent of GDP in 2020, almost double of 3.4 per cent last year, Fitch Solutions forecast.
— Viet Nam News

Việt Nam receives first batch of imported live pigs from Thailand
The first batch of 500 live pigs from Thailand arrived at Lao Bảo border gate in Quảng Trị province on June 17, after a decline in hog prices in Việt Nam.
— Viet Nam News

Working group founded to promote foreign investment
A working group in charge of promoting foreign investment has just been founded under the Prime Minister’s Decision No 850/QĐ-TTg.
— Viet Nam News

Việt Nam urges India to lift trade restrictions on Vietnamese export goods
Việt Nam proposes India remove trade remedies and restrictions for Vietnamese products exported to this market, an official of Việt Nam’s Ministry of Industry and Trade (MoIT) said at an online conference on Việt Nam and India trade and investment promotion held on June 17.
— Viet Nam News

Vinamilk enters EAEU market
Việt Nam’s diary producer Vinamilk is officially allowed to export its milk products to Eurasian Economic Union (EAEU) under the supervision of the union’s customs agency.
— Viet Nam News

Warning issued about online multi-level marketing
The Việt Nam Competition and Consumer Protection Authority (VCCA) has issued a warning about online multi-level marketing schemes.
— Viet Nam News

Manulife Vietnam serves more than 1 million customers
Manulife Vietnam paid customers nearly VNĐ3 trillion (US$129.5 million) in benefits as profits reached over VNĐ1 trillion ($43.15 million), according to the company’s 2019 Financial Statement.
— Viet Nam News

US economist says Vietnam lacks coronavirus statistics, prompts retraction demand
A tweet by a U.S. economist stating Vietnam had no data on its novel coronavirus deaths has prompted an open call for retraction, correction.
— VnExpress

Banks continue to depreciate the greenback
After four sessions of appreciating the US dollar against the Vietnamese dong, the State Bank of Việt Nam (SBV) adjusted the greenback down on Tuesday, while commercial banks followed the trend.
— Viet Nam News

Singapore eases quarantine regulations for travellers from Viet Nam
VGP – Singapore has announced that all incoming travellers entering Singapore from 23:59 on June 17 will not have to serve 14-day Stay-Home Notice (SHN) at dedicated facilities if they had remained in Viet Nam in the last 14 consecutive days prior to their entry.
— VGP RSS Feed

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

Vietnamese bananas hit shelves of Lotte Mart in RoK
Vietnamese bananas have hit the shelves of Lotte Mart in the Republic of Korea (RoK) – the first time the fruit has been distributed in the country via a large supermarket chain.
— Viet Nam News

Arrests, Suspension of Vietnam Media Signal Crackdown
A wave of arrests and a one-month publishing ban on a news site over its investigations into environmental damage signal that Vietnam is suppressing criticism ahead of the country’s Party Congress, press freedom groups said.
— VOA

Vietnam’s remarkable rise deserves more attention from Canberra
Vietnam’s response to COVID-19 has highlighted its competence as a country. It has unequivocally won the peace.
— AFR

Decree drafted to empower SSC to halt market trading
If completed, the decree will give the State Securities Commission (SSC) the full authority to halt the stock market if trading goes berserk
— Viet Nam News

Deputy PM approves investment policies of three golf courses
Deputy Prime Minister Trịnh Đình Dũng has given the nod to the policies of developing three golf courses with a total investment of more than VNĐ3 trillion (US$129.3 million).
— Viet Nam News

Cancer patients and COVID-19 in Vietnam: disruptions and reforms
On 20 March, Vietnam’s Ministry of Health confirmed that two nurses at Bach Mai Hospital in Hanoi were infected with COVID-19.
— Devpolicy

Cao Dai Church in Vietnam Resists Takeover Bid by Followers of State-Controlled Branch
Followers of Vietnam’s Cao Dai religion confronted supporters of a state-sanctioned branch of the church who came to take over their facilities on Thursday, with church members barring the door against the intruders amid heated arguments with local authorities, sources told RFA’s Vietnamese Service.
— Radio Free Asia

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

ASEAN, Russia should work together to reinforce open, rule-based architecture
VGP – Deputy Prime Minister, Foreign Minister Pham Binh Minh suggested ASEAN and Russia should work together to reinforce an open, inclusive, transparent and rules-based regional architecture, while delivering his remarks at the Special ASEAN-Russia Foreign Ministers’ Meeting on COVID-19 on Wednesday.
— VGP Government in Action

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

Dong Nai: Domestic investment up nearly 30% in five months
VGP – The southern province of Dong Nai attracted VND 15,400 billion (US$660 million) in domestic investment over the recent five months of 2020, up 29% against the same period last year.
— VGP Local Activities

Deals highlight VN-EU bilateral ties, global integration efforts
The National Assembly recently approved the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA). Deputy Minister of Foreign Affairs Bùi Thanh Sơn answered the press on the agreements’ impact on Việt Nam-EU relations.
— Viet Nam News

Shares retreat on divergence of large-caps
The blue-chip share tracker VN30-Index dropped 0.3 per cent to 796.43 points.
— 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

COVID-19 could shake up realty rent market
According to the real estate services firm Jones Lang LaSalle (JLL)’s report, the impact of the COVID-19 has caused many tenants to carry out challenging negotiations with landlords to try and survive.
— Viet Nam News

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

Shares gain on bargain hunting
Shares recovered on Tuesday after suffering sharp drops in the last three trading sessions as investors sought bargain in beaten-down stocks.
— 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).

 

 

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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