Vietnam Morning News For July 6

Vietnam Morning News For July 6

Vietnam morning news

Vietnam’s economic growth to out-tiger China by 2018: UBS report
Swiss investment bank UBS has forecast that Vietnam will marginally outpace China’s economic growth for the first time in 2018.

Vietnam tourism earns US$11.17 billion in six months
Vietnam tourism reached approximately VND254,700 billion (US$11.17 billion) in six months, a 27 per cent increase over the same period last year.

VN manufacturing PMI rebounds
The Vietnam Manufacturing Purchasing Managers’ Index (PMI) rose to 52.5 in June from a 14-month low of 51.6 in May, the latest survey from Nikkei’s IHS Markit showed on Monday.
Viet Nam News Bizhub

National IIP up 6.2 per cent in H1
The national index for industrial production (IIP) increased 6.2 per cent year-on-year in the first half of this year, the General Statistics Office (GSO) reported.
Viet Nam News Bizhub

1H textile & garment exports up 10.6%
Textiles and garments continued to see positive export growth in the first half of this year, increasing 10.6 per cent year-on-year to $14.2 billion, according to figures from the Ministry of Industry and Trade (MoIT).
Vietnam EconomicTimes

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Viet Nam customs to tighten baggage security
Customs officials at all airports and seaports in the country will strengthen supervision and inspection of all goods, luggage and cargo transported via the ports, an official said.
Viet Nam News Bizhub

Ministry insists on environment tax hike on fuels
Despite a public uproar, the Ministry of Finance has shown no signs of backing off its plan to hike the environmental protection tax on fuels by VND3,000-8,000 a liter, double or triple the current level.
VietnamNet Bridge

Extracting extra 1 million tonnes oil tough: Association
The Government’s goal to extract another one million tonnes of crude oil by December to meet its economic growth target is challenging, the Vietnam Oil and Gas Association (VOGA) said.
Viet Nam News Bizhub

Bilateral trade between Vietnam and Malaysia sees sharp rise
Vietnam Trade Office in Malaysia said total bilateral trade between Malaysia and Vietnam in the first five months of 2017 reached USD 3.974 billion, up 27.9% against the same period in 2016.
Vietnam Times

Australia concludes investigation of VN aluminium extrusion
The Australia Anti-Dumping Commission (ADC) concluded that it would stop investigations and not to impose countervailing duty on aluminium extrusions imported from Việt Nam, according to the Việt Nam Competition Authority (VCA) on Tuesday.
Viet Nam News

Real estate M&As expected to reach record high in 2017
According to the Foreign Investment Agency (FIA), foreign investors have poured capital into 19 of 21 business fields so far this year, of which real estate ranks second with investment capital of $53 billion.
VietnamNet Bridge

Imports from South Korea shoot up
Viet Nam imported goods worth US$22.5 billion from South Korea in the first half of this year, up 51 per cent year-on-year, the General Statistics Office reported.
Viet Nam News Bizhub

Indian investors keen on renewables and agriculture in Vietnam
Solar and renewable energy as well as agriculture and agriculture processing, especially instant coffee and tea, are areas where Indian investors are particularly interested in Vietnam, according to Mr. Neeraj Malik, President of the Indian Business Chamber in Vietnam (INCHAM).
Vietnam EconomicTimes

Agriculture lending on the rise
Total outstanding loans for hi-tech agriculture have reached nearly VND32.34 trillion ($14.2 billion), Mr. Tran Van Tan, Deputy Director General of the Credit Department at the State Bank of Vietnam, told a recent conference in Hanoi.
Vietnam EconomicTimes

HCM City at risk of labor shortage
Ho Chi Minh City leads the country in gender balance yet a woman in the child-bearing age has only 1.46 child averagely, lowest rate in the country.
VietnamNet Bridge

HCM City acts as construction sand prices skyrocket
The HCM City People’s Committee has instructed government agencies and district administrations to closely monitor the quality and price of construction sand.
Viet Nam News

Place your bets: Hong Kong investor stakes $500 million to build racecourse in southern Vietnam
A Hong Kong-based company has been given the all clear to conduct a feasibility study for a racecourse in Vietnam’s southern city of Can Tho.

Russia’s Rostec eyes rubber project in Binh Duong
A delegation of Russia’s Rostec Corporation worked with authorities in the southern province of Binh Duong on Wednesday to prepare for the operations of the Viet Nam-Russia Rubber Joint Venture Company (Visorubtex).
Viet Nam News Bizhub

As urban children lack playgrounds, more leisure centers will be built
Though amusement and shopping centers for children are still not bringing satisfactory profits, investors remain interested in the sector.
VietnamNet Bridge

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Firms urged to focus on brand
Local firms need to pay due attention to their brand, including brand building, brand valuation and brand governance, said an official.
Viet Nam News Bizhub

Bodies of two Vietnamese sailors have been found headless on an island in the southern Philippines
IN a gruesome discovery, the bodies of two Vietnamese sailors have been found beheaded on a tropical island paradise in the southern Philippines.


Feature photo Lim Ashley
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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