Vietnam’s first automaker is quickly getting ready to debut a sedan and a SUV
It was once one of the most dangerous waterways in the world, heavily mined and bombed during the final stages of the Vietnam War, but today, Haiphong Harbor has become the heart of the country’s economic boom.
Updated import regulations to increase trade
The application of a customs bond model would benefit the country, contributing to an increase of one per cent of the total import-export turnover according to comments by Minister and Chairman of the Government Office Mai Ti?n Dung.
— Viet Nam News
“Invisible tariff” in Vietnam reaches 164%: expert
Trade costs in developing countries remain high, mainly due to administrative procedures, according to expert of the Global Alliance for Trade Facilitation (GATF) in Vietnam cited by the government portal.
— The Hanoi Times
Vietnam to offer pricing stimulus for wind energy projects
The PM’s in-principle approval of higher wind energy tariffs is expected to boost renewable energy investments in Vietnam.
Vietnam posts surprise $2.2 bln trade surplus in August – customs
Strong growth in telephone and textile exports helped Vietnam post a $2.2 billion trade surplus in August, according to customs data released on Monday that completely confounded the government’s estimate of a $100 million deficit for the month.
Vietnam Railways reports 20% falls in profit in Jan – Jun
The railway sector is under fierce competition from road and air transport.
— The Hanoi Times
Virkon S effective for African Swine Fever biosecurity
With China reporting its first outbreak of African Swine Fever (ASF) on August 3rd, and with the heightened threat of this highly contagious disease spreading to Japan and the Korean Peninsula, specialty chemicals company LANXESS offers Asian swine producers the proven broad spectrum virucidal disinfectant Virkon S for ASF biosecurity prevention and control measures.
— AEC News Today/ PR Newswire (media release)
Vietnam’s capital to improve residents’ height
Vietnam’s Hanoi capital will spend over 363 billion Vietnamese dong (some 15.8 million U.S. dollars) in the 2018-2025 period implementing nutrition and sport programs to increase its residents height, according to the municipal Health Department on Monday.
Vietnam exports coal to China, then imports coal from China at high prices
According to the General Department of Customs (GDC), in the first seven months of 2018, Vietnam increased crude oil imports by 544 percent in quantity and 670 percent in value. The coal imports also increased by 49 percent in quantity and 71 percent in turnover.
— Hellenic Shipping News
Vietnam’s internet connection fixed after 3 weeks of disruption
Millions of Vietnamese internet users breathed a sigh of relief as the Asia America Gateway cable’s signal loss problem was resolved Saturday.
Vietnam spends over US$6.5 billion paying debts in 8 months
In August, Vietnamese government signed a loan agreement worth US$150 million, taking the total number of loan agreements in eight months to 10 with a value of US$1.13 billion.
— The Hanoi Times
Vietnam Allows Direct Payment in Yuan Rather Than Dollars for China Border Trade
Beginning October 12, Renminbi (RMB) (also called Yuan), the official currency of China, can be used directly in some border trade between China and Vietnam, according to a notice from the State Bank of Vietnam on August 28.
— Seafood News
Vietnam’s low-tech agriculture startups fail to interest investors
Failure to incorporate market needs and hi-tech elements into their projects is costing Vietnam’s agriculture startups dear, experts say.
LienVietPostBank to support Bac Ninh in building e-government
Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) and the have signed a cooperation agreement in building e-government and smart cities in the province.
Impact of climate change on Vietnam’s economy, agriculture | Video
Vietnam has been affected by the impact of climate change in recent years, with extreme weather conditions such as drought affecting the country’s economy, including its agricultural production. Tung Ngo finds out how the locals are able to weather this challenge.
— Channel NewsAsia (video)
No call for US to fret over Vietnam trade surplus
The U.S. shouldn’t be concerned about its current trade deficit with Vietnam, Deputy PM Trinh Dinh Dung said Monday.
VAMC plans to resolve $5.95b of bad debts by 2020
The Viet Nam Asset Management Company (VAMC) plans to resolve at least VND140 trillion (US$5.95 billion) of non-performing loans (NPLs) from now until 2020, of which VND34.5 trillion will be settled this year.
Air power in Vietnam focus of latest exhibit at Strategic Air Command & Aerospace Museum
The Strategic Air Command & Aerospace Museum will feature decorated Vietnam veteran Jeff Flagg at the opening event for its new exhibit “From the Ground Up: Air War Vietnam” at 10 a.m. on Saturday.
Textile, garment firms lose competiveness
Vietnamese garment and textile enterprises are losing their competiveness due to high costs of logistics services for exports, experts have said.
Uber dispute ends as firm pays back taxes, fines
A HCMC taxman has confirmed that ride hailing firm Uber has paid all its outstanding dues.
Sales of non-local farm produce banned at Da Lat market
The Central Highlands province of Lam Dong plans to ban non-local agricultural products from sale at Da Lat Agricultural Products Market beginning on September 15.
3 weed killer’s toxic active ingredients to be banned
The Plant Protection Department plans to petition the Ministry of Agriculture and Rural Development to ban the toxic ingredients Fipronil, Chlorpyrifos and Glyphosate from weed killer.
— Viet Nam News
Bao Vang gas to feed Vietnam power plant
Heads of Gazprom and PetroVietnam have signed a memorandum of cooperation concerning a gas field development offshore central Vietnam.
— Off Shore
Media OutReach Expands Online Distribution Network in Vietnam with Vietnam Insider
Vietnam Insider , a fast-growing online media with deep finance, enterprise, tech, travel, life and other industry verticals in Vietnam has entered into an exclusive online content partnership with Media OutReach , Asia Pacific’s first global full-service newswire .
Vietnam-Russia Military Ties: Look Beyond the Billion Dollar Boast
A closer look at the broader significance of a longstanding defense relationship.
— The Diplomat
Jokowi’s Vietnam visit to boost cooperation
President Joko “Jokowi” Widodo will visit Hanoi from Sept.11 to 12 to develop economic cooperation and expand market access between Vietnam and Indonesia.
— The Jakarta Post
Business incubators see positive development
The Ha Noi Business Incubator (HBI), part of the European Union-funded supporting programme for the Vietnamese private sector, has helped 30 start-ups and created 1,000 jobs.
Wyndham plans first Ramada for Vietnam
Wyndham Hotels & Resorts has signed its first hotel under the Ramada by Wyndham brand flag in Ho Tram, Vietnam.
— Hotel Management
Feature photo Travis Hawk
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