Vietnam Morning News For July 6

Arrests in Vietnam over ‘terrorist’ bomb at police post
Seven people have been arrested in Vietnam, including three on terrorism charges, for bombing a police station in Ho Chi Minh City last month in a rare attack that injured three people.
— Channel NewsAsia

Vietnam fuel tax set to rise to highest level
Proposed tax increase will boost annual collections by $2.4 billion, it is estimated.
— VnExpress

No requests to purchase foreign currency at low price: SBV
The market supply of foreign currency is sufficient and self-adjusted to demand, according to the Vietnamese central bank.
— The Hanoi times

Viet Nam: Blogger arrested for criticizing government must be freed
Vietnam’s authorities today arrested Le Anh Hung under suspicion of “Abusing democratic freedoms to infringe upon the interests of the State, lawful rights and interests of organizations and/or citizens”.
— Amnesty International

Vietnam boosting catfish exports
Vietnam will intensify exports of tra fish to China, the biggest market for this common Vietnamese catfish, according to the Vietnam Association of Seafood Exporters and Producers (VASEP) on Thursday.
— Global Times

Vietnamese firms face global trade protectionism wave
Domestic enterprises need to take preventive measures to avoid losing export markets in the near future as there is a rising trend among some nations to strengthen trade protectionism for their domestic industries by applying trade defense measures.
— The Hanoi Times

Vietnam-Malaysia Navy Ties in Focus With Bilateral Visit
Both countries continue efforts to deepen defense ties during an important year.
— The Diplomat (paywall)

20 items earn more than 1 billion USD in export revenue in H1
As many as 20 products recorded more than 1 billion USD in export turnover in the first half of 2018, accounting for 85.6 percent of Vietnam’s total exports, according to the General Statistics Office (GSO).
— VietnamPlus

Ministry releases anti-dumping duties for import stainless steel products
The Ministry of Industry and Trade on July 4 released anti-dumping duties on imported cold-rolled stainless steel products after its second review for application of the duties.
— VietnamNet Bridge

Samsung denies bringing 200 foreign suppliers into Vietnam
Companies moving their businesses into Vietnam are not for Samsung to decide, but are entirely based on their own decisions and capacities.
— The Hanoi Times

Hoi An turns down cable car proposal
The project was immediately met with objections since its introduction as it could break the ancient space in the UNESCO heritage town.
— Tuoi Tre

VinaCapital becomes major shareholder of construction firm Coteccons
VinaCapital`s larger holding in Coteccons has caught market attention, following its recent divestments in a series of companies.
— The Hanoi Times

Bac Giang ships lychee around world
The northern province of Bac Giang has sold more than 207,000 tonnes of lychees this year, including more than 1,000 tonnes shipped abroad.
— Bizhub

Vietnam to review 30-year FDI attraction in October
Prime Minister Nguyen Xuan Phuc has tasked the Ministry of Planning and Investment (MPI) to hold a conference in early October, 2018 to review 30 years of foreign direct investment (FDI) in Vietnam.
— The Hanoi Times

Vietnam looks into Malaysia’s detention of 41 Vietnamese for illegal immigration
The Vietnamese nationals are among over 1,200 people detained during a crackdown by Malaysian immigration authorities.
— VnExpress

New product sample test rule unnerves businesses
Seven industry associations in Vietnam have voiced their concerns over a new rule from the Ministry of Science and Technology that strips businesses of the right to request labs to retest product samples if they disagree with the results of tests conducted by market surveillance authorities.
— VietnamNet Bridge

Vinamilk’s products present in 43 countries
Dairy giant Vinamilk’s products have hit supermarket shelves in 43 countries and territories across five continents.
— VietnamPlus

Partnership formed to promote solutions for retail sector
The Vietnam E-commerce Association (VECOM) and the Bangkok-based Reed Tradex Co. Ltd, an exhibition organiser, have agreed to cooperate in promoting specialised workshops and events to introduce technological solutions and platforms for Vietnam’s retail and consumer sector.
— VietnamPlus

KOTRA moves SEA-Oceania HO to Vietnam amid thriving trade, investment ties
Blooming trade and investment flows from South Korea may have prompted the move.
— The Hanoi Times

4 megatrends affect Vietnam: WB official
At a national conference on Thursday in Vietnam’s Hanoi capital, Ousmane Dione, country director for the World Bank (WB) in Vietnam discussed four megatrends affecting Vietnam’s sustainable and competitive development.
— Xinhua

Seminar talks export of farm produce, seafood export to Middle East, Africa
The Foreign Ministry held a seminar in Hanoi on July 5 on external relations and the export of farm produce and aquatic products to the Middle East and Africa.
— VietnamPlus

Vietnam’s bond market sees highest growth in emerging East Asia: ADB
Vietnam’s local currency bond market posted the highest growth rate of the emerging East Asian region in the first quarter of this year, at 8.6% quarter-on-quarter, according to a report by the Asian Development Bank (ADB).
— VietnamNet Bridge

Brokerage predicts VND to depreciate by 3% at most this year
The government is expected to intervene in the forex market to prevent a slump in the Vietnamese dong (VND)`s value, due to its potential negative impacts on the local economy.
— The Hanoi Times

Vietnam home stay has tourists living like locals
Perched high on a northern mountainside, the town of Sapa overlooks gorgeous, deep green valleys and terraced, rice paddy hillsides stretching into the far distance.
— The Province

Online shopping increasingly unsafe for customers
Data leaks from global brands like Adidas, F21, and Sears show that online shopping is not really secure for consumers.
— VietnamNet Bridge

Feature photo Nam-ho Park

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