Vietnam morning news for August 2

Vietnam morning news for August 2

Vietnam morning newsNew airline to join Vietnam’s congested skies
Vietnam’s skies are about to get more crowded. With state-owned Vietnam Airlines JSC and budget carrier Vietjet Aviation JSC serving one of the world’s busiest routes, property developer FLC Group JSC wants a piece of the action with a new airline, operating 37 routes in the country after its inaugural flight in October.
— The Asean Post

Vietnam manufacturing is one of the highest since 2011
The Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, fell to 54.9 in July from 55.7 in June, but still one of the highest since the survey began in March 2011. Business conditions have now strengthened in each of the past 32 months.
— Nikkei Asian Review

Vietnam increasingly reliant on imported energy
Due to limited domestic supply, Vietnam has become increasingly dependent on energy imports, putting national energy security at risk, Nguyen Van Thanh, deputy head of the Electricity and Renewable Energy Department under the Ministry of Industry and Trade, told the Vietnam — Technology and Energy Forum 2018 on July 31.
— VietnamNet Bridge

Vietnam PM says to limit dong devaluation at 2 pct this year
Vietnam will limit its devaluation of its dong currency at 2 percent this year and stick to its macroeconomic targets despite a slide in the yuan and a trade war between China and the U.S., its top trading partners, the prime minister said on Wednesday.
— Reuters

Local car production on the rise
The automobile market is expected to change dramatically from now to the end of this year as the production of cars in Viet Nam starts to recover.
— Bizhub

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Vietnam tuna exports on the rise
Lower Vietnamese tuna exports to the US and Europe during April 2018 were offset by an increase in shipments to Japan and Israel, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
— Undercurrent News

VN-Cambodia agreement on double taxation avoidance ratified
The Government has ratified the agreement on double taxation avoidance and income tax evasion prevention between Vietnam and Cambodia.
— VietnamPlus

Vietnam: Giant hand bridge attracts the tourists
Putting your life into Gods hands! That’s quite literally what happens when you walk on a new giant hand bridge in central Vietnam.
— EuroNews

New cryptocurrency scam hits Vietnam as miner leaves for US
Thousands joined investment scheme in one of Asia’s biggest nations of cryptocurrency fans.
— Nikkei Asian Review

PVN signs trade agreements on gas field exploitation
Viet Nam National Oil and Gas Group (PetroVietnam) on July 31 signed a number of trade agreements on exploiting the Sao Vang – Dai Nguyet project.
— Bizhub

Vietnam’s first regasification terminal to open door for LNG imports
The Thi Vai LNG terminal, Vietnam’s first regasification facility, could begin operations in late 2020.
— VnExpress

Foresights remain key for manufacturers in Vietnam market: Nielsen
Vietnamese consumers are changing at a fast pace, according to a recent report by Nielsen Vietnam.
— The Hanoi Times

MA activities expected to reach records in 2018
Viet Nam has become an attractive destination for many foreign investors largely due to the country’s friendly policies encouraging FDI, its political stability and strong economy, the latest report of US-based John Lang LaSalle (JLL) said.
— Bizhub

Vietnam coffee growers expecting record crop in coming season
Coffee farmers in Vietnam, the largest producer of robusta beans, are tipped to have a record crop next season after good weather favored plant development and replanting boosted yields. Local prices remain low.
— Business Times

Go-Jek kicks off Southeast Asia expansion with Vietnam launch
Go-Jek, the Indonesia-based ride-sharing company valued at $5 billion, has begun its ambitious plan to increase its rivalry with Grab by expanding into three new markets after it opened shop in Vietnam.
— Tech Crunch

Vietnam Is Turning Pig Waste Into Biofuel To Cut Down On Carbon Emissions
Like so many countries around the world, Vietnam is hoping to reduce its impact on the environment.
— Green Matters

Vingroup’s Q2 pre-tax profit soars 90% to US$154 million
In the first six months this year, Vingroup`s pre-tax profit nearly doubled from VND3.14 trillion (US$134.3 million) to VND6.23 trillion (US$266.5 million).
— The Hanoi Times

HCMC stops condo developments in downtown area until 2020
New multistorey apartment building projects will not be allowed in districts 1 and 3 of HCMC until 2020, according to the city government’s housing development plan for the 2016-2025 period.
— VietnamNet Bridge

Forbes lists Vietnam’s most valuable brands, Vinamilk, Viettel remain top
Forbes Vietnam has released its third annual list of the 40 most valuable brands in Vietnam, putting their total value at $8.1 billion.
— VnExpress

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Nearly 5 billion USD in FDI poured into HCM City
The southern economic hub of Ho Chi Minh City attracted more 4.69 billion USD in foreign direct investment (FDI) in the first seven months of 2018, a year-on-year rise of 70.5 percent.
— VietnamPlus

Burst Laos dam floods some Vietnam rice fields, damage limited
Floods from a burst dam in Laos have inundated thousands of hectares of paddy fields in Vietnam’s rice-growing Mekong Delta region, officials said on Wednesday, although the damage is limited and not expected to affect the country’s export crop.
— Channel NewsAsia

No worries, say experts as Vietnam beats Malaysia in China trade
Economists don’t see it as an indication of something wrong with the country’s economy.

Ascott opens two properties in Vietnam
The Ascott – the wholly owned serviced residence arm of CapitaLand – has opened two Citadines Apart’hotel properties in Vietnam.
— The Straits Times

Vietnam accounts for 8% of global ransomware attacks
The Asian region accounted for 44 per cent of global ransomware threats in the first few months of this year, of which Vietnam accounted for 8 per cent, according to Trend Micro, a cyber security solutions company.
— Vietnam Bridge

Vietnam notches up another solo travel kudo
U.S. News lists Vietnam as one of 30 best solo travel destinations alongside neighbors Singapore and Thailand.
— VnExpress


Feature photo Txetxu


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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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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