Vietnam Posts Strong GDP Growth, Boosts Investment Abroad
Vietnam’s economy continues to show strength with an impressive 7.08 per cent growth in the first half of 2018, the highest rate since 2011. According to the General Statistics Office, growth rates in many sectors beat records that have stood for years.
Vietnam bridge, road and highway development projects
Vietnam is pushing ahead with a series of road, highway and bridge projects that will improve the country’s transport network.
— World Highways
More Vietnam high-ranking officials face Party disciplinary measures
The Inspection Commission of the Party Central Committee on June 30 announced disciplinary measures and notices against a number of high-ranking military, banking and corporate officials as the Party intensifies the internal cleanup.
— The Hanoi Times
3,000 cases of smuggling, fake goods in City in 2018
The HCM City Market Management Department carried out 10,560 raids in the first half of the year and uncovered 3,037 cases of smuggling, trade fraud and fake goods.
Foreign investors flock to Vietnam’s processing and manufacturing sector
The processing and manufacturing sector continued to attract the major share of foreign direct investment (FDI) in Vietnam in the first half of 2018, with US$7.91 billion.
— The Hanoi Times
US to import Vietnamese mangoes
Vietnam wants major market to buy other fruits including grapefruit.
In Vietnam, Beer Is Big Business
Young people fill large, newly built beer halls for drinks after a long day. Foreigners are launching small businesses and making their own beer in the country.
Ho Chi Minh City as a 24/7 ‘convenience store’
No matter what you feel like doing at any time of day or night, chances are you can do it in Vietnam’s commercial hub.
Minister proposes Vietnam-Japan cooperation programme on CPTPP
Minister of Industry and Trade Tran Tuan Anh has proposed building a cooperation programme between the Vietnamese and Japanese Governments to effectively enforce the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
— Nhan Dan Online
Vietnam’s VAT hike could plunge thousands into poverty
Large households with children and the elderly over 80, as well as people with insufficient education deemed most at risk.
More than 64,500 new firms established in first half of 2018
More than 64,500 enterprises were established with a registered capital of approximately VND649 trillion (US$28.4 billion) over the first six months of the year, General Statistics Office data has revealed.
— Nhan Dan Online
Nine localities record over 10 percent GRDP growth in six months
Nine localities recorded over 10 percent growth in gross regional domestic product (GRDP) in the first sixth month of this year, reported the General Statistics Office (GSO).
Russia becomes Vietnam’s top wheat supplier
Shipments surged after import taxes on Russian grain was lifted in 2016.
Vietcombank’s pre-tax profit up 52 percent in six months
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted over 7.72 trillion VND (336.2 million USD) in pre-tax profit in the first half of 2018, up 52.7 percent year on year.
Over 9,180 smuggling cases detected in southern Vietnam in first half of 2018
Market management units in southern Vietnam said they had dealt with over 9,180 smuggling cases, of which cigarettes were the most common products, in the first six months of 2018.
— Tuoi Tre
Cam Ranh inaugurates new terminal
Cam Ranh International Airport in the central province of Khánh Hòa on Saturday officially opened a new terminal for international services (first phase) which has total investment of over VNĐ3.7 trillion (US$164 million).
— Viet Nam News
Da Nang property market sees slowdown
The real estate market, particularly in central Da Nang City and the central region, has seen a slowdown after a “bubble” period.
Hoa Phat Dung Quat Steel JSC improves administration capacity
The Hoa Phat Dung Quat Steel JSC has announced that it will apply SAP S/4HANA, a next-generation enterprise resource planning (ERP) software, for its iron and steel production complex.
French enterprise proposes building cable car to cross Hanoi iconic river
How about taking a ‘flight’ over the Hong River instead of inching in the bumper-to-bumper traffic to travel between two districts of Hanoi just in minutes?
— Tuoi Tre
Vietnamese Charmed by Creative Chinese Cultural Products
Unique cultural products encapsulating China’s classical themes, modern features, traditional values and lively creativeness have been capturing the hearts of many Vietnamese people.
— Women of China
EVFTA a ’golden’ opportunity
The tax incentive mechanism of the EU-Viet Nam Free Trade Agreement (EVFTA) will bring great benefits to Vietnamese industries and products, according to Minister of Industry and Trade Tran Tuan Anh.
Vientiane conference links VN, Lao firms
Nearly 100 businesses from Việt Nam and Laos gathered at a conference in Vientiane on Friday to seek partnership opportunities, an activity within the framework of the Laos-Việt Nam Trade Fair 2018.
— Viet Nam News
Mainstream media remains key platform in digital era: experts
Though new media platforms such as social media have become increasingly popular, mainstream media remains the major channel to promote the growing business community in Viet Nam, speakers said at a forum held on Friday in HCM City.
Feature photo Nam-ho Park
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.
She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018