Vietnam Morning News For June 8

Vietnam Morning News For June 8

Vietnam morning newsInvestors in solar energy projects race to enjoy high feed-in tariff
After rushing to the solar energy industry, investors are also racing against time to have their projects reaching commercial operation dates (COD) before June 30, 2019 to be able to enjoy a feed-in tariff (FiT) of 9.35 US cents per kWh.
— The Hanoi Times

​Vietnam’s retailers oppose bill on distribution channel management
Vietnam’s Ministry of Industry and Trade is taking heat from retail industry insiders who fear its proposed legislation aimed at regulating the development and management of the country’s distribution sector will only serve to complicate operations for local businesses.
— Tuoi Tre

Vietnam Seeks Ban On Import Of Crypto Mining Tools
Vietnam’s finance ministry has called for an outright ban on the import of the mining rigs used to create cryptocurrencies such as Bitcoin.
— Investvine

ThaiBev’s purchase of Sabeco sends Vietnam’s foreign debt soaring
Loans from ThaiBev and its affiliates for financing the purchase of a US$4.8-billion stake in Saigon Beer Alcohol Beverage (Sabeco) have caused Vietnam`s foreign debt to rise significantly, according to a recent Government report.
— The Hanoi Times

Vietnamese Rights Lawyer Nguyen Van Dai Released, Exiled to Germany
Prominent Vietnamese rights lawyer Nguyen Van Dai and a fellow member of the Brotherhood for Democracy were released from prison late on Thursday and put on a plane from Hanoi to Germany, members of his banned group and an exile pro-democracy group said.
— Radio Free Asia

Samsung US$43.8 tax payment buoys HCMC’s May budget
A tax sum of VND1 trillion, or some US$43.8 million, from Samsung Electronics Co., Ltd. helped buoy the HCMC customs tax revenue in May to VND10.8 trillion and keep the decline under check, according to the HCMC Customs Department.
— VietnamNet Bridge

Vietnam, Mekong neighbors urged to lean less on China
Thailand pushes for five riparian countries to set up infrastructure fund for mutual benefit.
— VnExpress

Vietnamese lychee hubs to start picking main crop
Lychee growers in the two lychee farming hubs of Vietnam (Bac Giang and Hai Duong provinces), are currently busy with harvesting this season’s first crop of lychees.
— Fresh Plaza

Vietnam’s Second Refinery Nghi Son To Export Petrochemicals This Month
Vietnam’s second oil refinery Nghi Son, which is expected to be fully operational by early August, will export its first petrochemical products later this month, the plant’s chief executive officer told Reuters on Thursday.
— Rigzone

Vietnam begins work on first submarine rescue vessel
Vietnam’s state-owned Z189 shipyard has begun assembly work on the first submarine rescue vessel for the People’s Army of Vietnam Navy (PAVN).
— Janes

Vietinbank to issue 400,000 bonds in 2018
Viet Nam Bank for Industry and Trade (VietinBank) plans to issue 400,000 bonds worth VND10 million each to raise its capital by VND4 trillion (US$174.7 million).
— Bizhub

Vietnam’s EVN gets closer to issuing USD bonds
Vietnam Electricity (EVN) is one step closer to issuing USD bonds and strengthening its financing capacity, following a Long-term Currency Issuer Default Rating (IDR) of “BB” with a “stable outlook” by Fitch Ratings.
— The Hanoi Times

​Majority of Vietnam’s e-commerce companies are foreign invested: official
The majority of Vietnam’s online retailers receive foreign investment, mostly from China, as local e-commerce startups struggle to compete by their own power, according to a government economic expert.
— Tuoi Tre

Fitch assigns Vietnam’s EVN “BB” rating with stable outlook
Fitch Ratings has assigned Vietnam Electricity (EVN) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of `BB` with a stable outlook.
— The Hanoi Times

3 expos open simultaneously in HCM City
Vietnam ICT COMM, an international telecom, IT and communications exhibition, BROADCASTEX, an international broadcasting exhibition, and ELECTRONICS, an international exhibition on electronic products, opened in HCM City on Thursday.
— Bizhub

Enterprises advised to know global trade policy
Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale, and showing lack of awareness when it comes to the broader global trade policy environment, according to an HSBC report.
— VietnamPlus

​Worldtrans resumes nonstop flight route from Can Tho to Bangkok
A Vietnamese air charter provider has reinstated a direct service between Vietnam’s Mekong Delta and Thailand, hoping to tap into growing demand as the summer vacation heats up.
— Tuoi Tre

Minister allays sovereignty violation concerns at Vietnam’s SEZs
‘Some people are intentionally interpreting the bill that way to drive a wedge between Vietnam and China.’
— VnExpress

At least six months of waiting time for MobiFone shares
Foreign investors may have to wait for a long time to buy MobiFone shares, especially after the authorities have published the conclusions of the AVG inspection.
— VietnamNet Bridge

Vietnam Airlines to trial Regional Jet ops in Summer 2018
Vietnam Airlines (VN, Hanoi) is set to trial regional jet operations later this summer using wet-leased Bombardier and Embraer aircraft among other types.
— Ch-avaition

Executive seminar and workshop on Industry 4.0 for Vietnam’s policymakers
The United Nations Industrial Development Organization (UNIDO), in collaboration with the Industry Agency at Viet Nam’s Ministry of Industry and Trade (MOIT), has organized a one-day executive seminar on Industry 4.0. It will be followed by a three-day workshop.
— Modern Diplomacy

F&N hands in 15th registration to increase Vinamilk holding
Aiming to raise ownership in Vinamilk, Singapore-based F&N Dairy Investment has been repeatedly registering to buy over 14 million shares. This is the 15th time the investor has professed to its ambition of raising ownership in Vinamilk.
— VietnamNet Bridge

What’s in the New Vietnam-South Korea Defense Pact?
A recent agreement was just the latest move by both sides to strengthen their security ties.
— The Diplomat


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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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