Vietnam Morning News For July 30

Vietnam: Why Hanoi plans to ban motorbikes by 2030
Authorities in Vietnam are taking major steps to improve the air quality in one of the most polluted cities in Southeast Asia, including an ambitious plan to ban motorbikes by 2030.
— Aljazeera

Vietnam is China’s biggest trading partner in Asean
Vietnam has for the first time ever become China’s biggest trade partner in the Asean bloc, with two-way trade hitting over US$10 billion for every month of 2018.
— Inquirer.net

Vietnam July trade deficit at $300 mln vs $800 mln surplus in June
Vietnam reported a trade deficit of $300 million in July, swinging from a trade surplus of $800 million in June, government data released on Sunday showed.
— Reuters

4.0 revolution occurring behind the scenes at local factories
Vietnamese manufacturers have been quietly preparing their companies to adapt to the 4.0 industrial revolution.
— VietnamNet Bridge

Vietnam aviation authority probes landing error at Hanoi airport
Aviation authorities are investigating why a Vietnam Airlines plane did not land in the middle of the runway at Hanoi’s Noi Bai airport.
— VnExpress

Private sector emerges as new growth engine for Vietnam aviation industry: experts
Although private enterprises only invested in 14% of the number of airports in the world, those airports are serving 41% of international air passengers, according to aviation experts.
— The Hanoi Times

Vietnam Party dismisses top Public Security officials, recommends demotion
A current and a former deputy minister of Public Security have been dismissed from all Party positions and face demotion from their current ranks.
— VnExpress

Vietnam to limit waste imports as shipments build up at ports
Vietnam will stop issuing new licenses for the import of waste and crack down on illegal shipments as thousands of containers of paper, plastic and metal scrap build up at the country’s ports, raising concerns about the environment.
— Hellenic Shipping News

Japan to welcome 10,000 Vietnamese caregivers
As many as 10,000 Vietnamese caregivers will be welcomed in Japan over the next two years to address a chronic labor shortage in the nursing sector.
— Inquirer.net

Property market attractive to foreign investors: Savills
Vietnam’s property market was attractive to foreign investors in the first two quarters of this year, with bustling merge and acquisition (M&A) activities, according to real estate firm Savills Vietnam.
— VietnamPlus

PM visits high-tech agricultural production model in Lam Dong
The high-tech agricultural production model is an important direction of Vietnam’s agriculture, bringing high value of farm produce and raising income for farmers, Prime Minister Nguyen Xuan Phuc said.
— Nhan Dan Online

Da Nang completes second-stage upgrading of Tien Sa port
The central city of Da Nang officially put into operation the second stage of Tien Sa port after two years of construction on July 28, bringing its total capacity to 12 million tonnes of cargo per year.
— Nhan Dan Online

EVFTA expected to be signed late 2018
Bernd Lange, Chairman of the European Parliament’s Committee on International Trade, has said he expects the European Union-Vietnam Free Trade Agreement (EVFTA) to be signed at the Asia-Europe Meeting Summit in October or sometime in November this year.
— Nhan Dan Online

CEO absconds as another cryptocurrency firm implodes in Vietnam
Over a dozen investors of a cryptocurrency mining company have claimed to be victims of a fraud case after the company’s director went missing, allegedly with their money.
— VnExpress

Social housing development boosts economy: Minister
Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Pham Hong Ha, emphasising that Government spending on social housing can lift the real estate industry as a whole.
— Bizhub

Vietnam banks’ profitability improves in Q1: c.bank
Higher revenue levels were also able to offset bad debt charges and mitigate the impact of credit costs on bottom-line profitability, stated the Moody`s Investors Service.
— The Hanoi Times

Port investor in HCMC likely to suffer heavy losses
Saigon Premier Container Terminal (SPCT) in HCMC has not been able to accommodate large container ships due to sedimentation in the Soai Rap River since June 2017, increasing the likelihood of heavy losses for the investor of the multi-million-dollar terminal.
— VietnamNet Bridge

UNESCO: Heritages in Vietnam saddled with many challenges
Vietnam is highly appreciated for protecting both cultural heritages and intangible cultural heritages, as well as actively participating in building UNESCO’s policies on World Heritages and sustainable development, however, Vietnam is facing many large challenges in preserving the heritages.
— Nhan Dan Online

July’s consumer price index posts slight decrease
The consumer price index of Vietnam fell slightly by 0.09% in July, the General Statistics Office (GSO) announced on July 29.
— VietnamPlus

More players arriving in ride-hailing business
Uber’s recent exit from Vietnam has prompted many local and regional companies to eye a larger slice of the ride-hailing market in the country.
— VietnamNet Bridge

Friendship association fosters Vietnam – Russia relations
The Vietnam-Russia Friendship Association has held many activities in various fields since the beginning of this year and become a bridge for cooperation in economy-trade, culture-education and science-technology between the two nations, said its President Tran Binh Minh.
— Nhan Dan Online

CAN VIETNAM TAKE SINGAPORE’S STOCK MARKET CROWN?
The Lion City has long been atop the regional capital markets food chain, but other nations such as Vietnam, Malaysia and Indonesia are starting to compete.
— South China Morning Post

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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.