Vietnam morning news for August 24

Vietnam morning news for August 24
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Vietnam morning newsViệt Nam to auction sugar import quotas for 94,000 tonnes
The Ministry of Industry and Trade (MoIT) will hold bids for the right to import 94,000 tonnes of sugar this year.
— Viet Nam News

New decree to support rice exporters
Rice exporters are no longer required to own at least one warehouse, with a minimum storage capacity of 5,000 tons, and a milling facility, with a minimum hourly processing capacity of 10 tons, to obtain a license to ship staple food abroad, according to a newly issued Government decree.
— VietnamNet Bridge

Plastic waste grows as authorities fail to act
HCM City is being slowly choked by plastic waste, with 60 tonnes generated every day and only 10 per cent of them recycled.
— Viet Nam News

Vietnam telecom firm Viettel eyes Philippine market
Vietnamese telecommunication company Viettel has set its sights on the Philippines as the next destination in its overseas expansion drive, the company said on Thursday, as the archipelago’s economy clears the way for the entry of a third operator.

Vietnam collects 4.5 bln USD in G-bonds in 8 months
Vietnam has mobilized 104,261 billion Vietnamese dong (over 4.5 billion U.S. dollars) from government bonds so far this year, realizing 37.5 percent of the annualized target, the Hanoi Stock Exchange said on Thursday.
— Xinhua

State-owned banks suffer equity erosion
According to statistics from the State Bank of Viet Nam (SBV), as of May, State-owned banks’ combined equity was VNĐ252.472 trillion (US$10.83 billion), down 0.86 per cent.
— VietnamNet Bridge

Central Group to invest US$500 million more in Vietnam retail market
“The digital lifestyle has played a vital role in the rapid growth of the country`s developments in its economy, infrastructure, and education, and this has resulted in increased domestic household income,” said Philippe Broianigo, CEO of Central Group Vietnam and Big C Vietnam.
— The Hanoi Times

Vietnam Concluding Preparations for Davos Forum on Asean
Prime Minister Nguyen Xuan Phuc called on all factors involved in holding a conference of the Davos Forum on the Association of Southeast Asian Nations (ASEAN) to finish preparations meticulously.
— Prensa Latina

Vietnam concerned about nuclearization of East Sea waters
Responding to U.S. warnings that China might bring floating nuclear power plants to the area, deputy spokesperson of the Foreign Ministry Nguyen Phuong Tra said peace and stability in the East Sea was in the common interest of every country in the world.
— VnExpress

40 most valuable brands of Vietnam honoured
Forbes Vietnam held a ceremony on August 23 to honour the 40 most valuable brands in Vietnam in 2018.
— Nhan Dan Online

Vietnam, Cambodia should cooperate in tourism: official
Cambodian and Vietnam should work together to promote their popular tourist draws, particularly Ha Long Bay in Northern Vietnam, and the Angkor archaeological complex in Siem Reap, according to a Vietnamese official.
— Khmer Times

Vietnam encourages investment in power generation: Deputy PM Dung
Deputy PM Trinh Dinh Dung has affirmed the Vietnamese government’s policy of encouraging large and experienced investors to become involved in power generation projects in Vietnam while receiving a senior AES official on August 23.
— Nhan Dan Online

US, Singapore real estate firms come to booming Vietnam
Major U.S. and Singaporean real estate firms have been coming to Vietnam, eyeing its thriving property market, especially the high-end segment.
— VnExpress

Vingroup envisions a world class transformation
Realty and retail giant Vingroup sees itself becoming an international standard tech-industry-services powerhouse in ten years.
— VnExpress

Samsung already churns out over 1 billion tech products in Vietnam
In just a decade, Samsung has increased its investment capital in Vietnam from US$670 million to over US$17.3 billion, a 26-fold increase.
— The Hanoi Times

Forbes announces 40 most valuable brands in 2018
Forbes Viet Nam held a ceremony to honour the country’s 40 most valuable brand names in HCM City on Thursday.
— Bizhub

Vietnam, South Korea firms seek opportunities for technology cooperation
Vietnamese businesses have the opportunity to meet, exchange and update information on new technology products and seek business cooperation opportunities with representatives of the 11 leading South Korean enterprises.
— The Hanoi Times

Vietnam forecast to continue receiving big FDI this year
With its projected high growth, Vietnam is expected to see more foreign direct investment in the near future, with the specific contributions of this type of capital revealed for the first time.
— Nhan Dan Online

PPP deal aims for sustainable fishing
A public private partnership (PPP) cooperation agreement for sustainable aquaculture development in the Mekong Delta was signed yesterday between Government fishery bodies, organisations and private groups.
— Bizhub

Vietnam leading telecom group VNPT posts 15% increase in profit in Jan-Jun
VNPT sets revenue and pre-tax profit targets of VND43 trillion (US$1.86 billion) and VND5.76 trillion (US$246.8 million) in 2018.
— The Hanoi Times

Japanese firms gear capital into high-tech field in Vietnam
Japanese firms have recently poured capital into many large-scale, high-tech projects in Vietnam.
— VietnamPlus

Ethiopia, Vietnam sign agreements on investment cooperation, visa waivers
Ethiopia and Vietnam have signed two agreements on investment cooperation and visa waivers, the Ethiopia Ministry of Foreign Affairs (MoFA) said on Thursday.
— Xinhua

China, Vietnam detain over 480 for drug smuggling
China says its officials, in cooperation with Vietnamese authorities, detained more than 480 people by June for drug smuggling.
— NHK World

Vietnam’s transport projects beckon Japanese investors
Japanese investors are seeking opportunities to join new transport projects in Vietnam as the Vietnamese government considers the investment for infrastructure development among the country’s top priorities.
— The Hanoi Times

Huntsman Opens Formulations Manufacturing Facility In Vietnam
Huntsman Corporation (NYSE: HUN) announced today that it has opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam.
— AEC News Today/ PRNewswire (media release)

Seafood exports face problems ahead due to EC’s IUU fishing warning
Although Vietnam has made concrete efforts to fight illegal, unreported, and unregulated (IUU) fishing, the country’s seafood exports will likely face a bumpy ride ahead, said an official on August 23.
— VietnamPlus

30 young ambassadors to travel to Vietnam, Malaysia for agricultural exchange
Thirty young ambassadors will embark on August 26 for an eight-day trip to Vietnam and Malaysia to expand agricultural exchanges and explore business opportunities.
— Taiwan News

VN products on display in Thailand for third year
Products with high export potential are being displayed at Vietnamese Goods and Tourism Week in Thailand, which opened on August 22 in Bangkok.
— The Nation


Feature photo bvi4092


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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