Vietnam morning news for September 28

Vietnam morning news for September 28
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Vietnam morning newsVietnamese government helping to steal rare Siamese rosewood says Phnom Penh
The government of Cambodia is accusing its Vietnamese counterpart of complicity in the illegal importation of increasingly scarce and highly valuable Siamese rosewood.
— AEC News Today

Petrolimex proposes halt to multi-billion-dollar refinery project
The Viet Nam National Petroleum Group (Petrolimex) asked the Government for permission to halt the Nam Van Phong oil refinery project on Tuesday, local media reported.
— VietnamNet Bridge

Vietnam Issues New E-Invoices Decree
Vietnam recently issued Decree No.119/2018/ND-CP (“Decree 119”) on the use of electronic invoices (e-invoices) for the sale of goods and services. Through Decree 119 which will be in effect from November 1, 2018, the government is aiming that at least 90 percent of the firms will use e-invoices by 2020.
— Vietnam Briefing

Trade ministry holds sugar auction
The Ministry of Industry and Trade (MoIT) released the results of an auction for 94,000 tonnes of imported sugar on Wednesday in Ha Noi.
— VietnamNet Bridge

90 percent of Vietnamese want tobacco tax raised: survey
Most Vietnamese want the tax on tobacco raised as a means to reduce smoking, a survey has found.
— VnExpress

Vinacomin sees pre-tax profit double in 6 months
Vietnam National Coal and Minerals Group (Vinacomin)`s revenue in 1H2018 stood at VND50.77 trillion (US$2.16 billion), up 27% year-on-year, of which, coal and mineral mining contributed a combined of over 80% of total revenue.
— The Hanoi Times

Thai–Vietnam trade expected to reach $20 bn by 2020
THE TARGET for bilateral trade between Thailand and Vietnam has been set at US$20 billion by 2020, said Thai-Vietnam Business Council’s president Sanan Angubolkul during an interview with The Nation yesterday.
— The Nation

Ministries propose revisions to petrol trading decree
The country should revise Decree 83 on petrol trading, especially regulations related to the calculation of output prices to ensure a transparent petroleum market, said Do Hoang Anh Tuan, Deputy Minister of Finance Ministry.
— VietnamNet Bridge

Vietnam attracts US$25.37 billion FDI capital in nine months
Vietnam has attracted US$25.37 billion worth of FDI capital in the first nine months of this year, or 99.6% of last year’s figure, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.
— Nhan Dan Online

Risen Energy wins 61-MW solar project deal in Vietnam
Just a few weeks after opening an office in Vietnam, Chinese solar module producer Risen Energy Co Ltd (SHE:300118) has signed a contract with a local firm for a 61-MW project in Ninh Thuan province.
— Renewables Nows

VN rubber production industry to be impacted due to US-China trade war
The latest US tariffs on Chinese auto parts was likely to hit Viet Nam’s rubber industry, said the head of the Vietnam Rubber Association (VRA)’s Rubber Development Consulting Division Tran Thi Thuy Hoa.
— VietnamNet Bridge

Thai Vietjet to fly to Danang and Taichung
Thai Vietjet, which is based at Suvarnabhumi Airport, continues its international network expansion to Vietnam and Taiwan.
— The Nation

Vietnamese province of Binh Thuan promotes dragon fruits in India
A promotional event was held in New Delhi, India on September 25 for dragon fruits from the south central province of Binh Thuan. It was an effort to expand ties between agricultural exporters from Vietnam and Indian firms.
— Fresh Plaza

Vietnam and Canada: CPTPP to Inspire More Trade, Investment
Vietnam is Canada’s largest trade partner in ASEAN. Despite the establishment of diplomatic ties in 1973, relations between the two countries have only recently strengthened.
— Vietnam Briefing

Vietnam’s late president to be buried in home province
Tran Dai Quang, wh died suddenly on Friday from a rare virus, was widely criticised for his crackdown on political dissent.
— Aljazeera

Vietnam reaches for a homegrown tech revolution
Nguyen Manh Hung has been acting Minister of Information and Communications for only two months but he has already reverted to the script left by his predecessors: Vietnam needs to develop its own homegrown social media platforms, he said this month.
— Asia Times

Vietnamese rice export prices rose this week on increased demand from the Philippines and elsewhere while rates for rice from top exporter India fell on expectations for a bumper summer-sown crop and a weak rupee.
— Successful Farming

Aeon parts from Vietnam’s Fivimart as losses linger
The cooperation with Aeon was supposed to boost efficiency in Fivimart`s corporate governance, promoting brand and expanding the network, but reality didn`t meet expectations.
— The Hanoi Times

FDI disbursement rises by 6%
Disbursement of foreign direct investment (FDI) in the first nine months experienced a modest increase of 6 per cent to US$13.25 billion compared to the same period last year.
— Bizhub

Prime Minister Nguyen Xuan Phuc receives US firms’ leaders
Prime Minister Nguyen Xuan Phuc received Phil Falcone, Senior Managing Director of Harbinger Capital, and Timothy Geithner, Director of Warburg Pincus, in New York on September 27.
— VietnamPlus

Vietnam on the radar of Hong Kong investors
More Hong Hong (China) investors are eyeing Vietnam as it is a good destination to seize huge opportunities of the ASEAN-Hong Kong Free Trade Agreement (AHKFTA), which will enter into force early next year.
— The Hanoi Times

Vietnam sees strong growth in aquatic exports to US
Vietnam enjoyed a surge of 46 percent in aquatic products’ export value to the US market in August to 188.7 million USD, pushing the total revenue in the first eight months of this year to 982.9 million USD, up 7 percent over the same period last year.
— VietnamPlus

US looks to up innards export to Vietnam
A U.S. agency wants the Vietnamese government to allow it to sell more pig organs not consumed at home.
— VnExpress

Hoa Sen Group construction fire adds salt to injury
A trade centre of a HoaSen Group subsidiary under construction caught fire, adding to the mounting debt problems of the corporation.
— Vietnam Insider

US, Japan keen to invest in Vietnam infrastructure
Vietnam’s plans for building and expanding airports and seaports have attracted the interest of companies in the U.S. and Japan.
— VnExpress

Vietnam 3PL Market is expected to reach around USD 55 Billion by the year ending 2022
Vietnam 3PL market by Market (Freight Forwarding and Warehousing Services) and by Companies (International Companies and Domestic Companies); Major Players Operating in Vietnam 3PL Market (DHL Vietnam, Damco Vietnam, FedEx, Kerry Logistics, Gemadept, Vinafco, Transimex Saigon and others.
— Vietnam Insider

Vietnam ranked among the best countries for expats
Vietnam ranked #14 among the best countries for expats after InterNations draws on its 3.2 million members and surveys over 18,000 expats people from 178 nationalities living in 187 countries or territories.
— Vietnam Insider

Vietnamese and Lao firms display products to get more business chances
A display area for the products of the provinces along the Việt Nam – Laos border was opened yesterday in Đồng Hới City, Quảng Bình Province by Việt Nam’s Ministry of Industry and Trade and the Ministry of Industry and Trade of Laos.
— Viet Nam News

1,600 die yearly from drug overdose in Vietnam
The country currently has approximately 220,000 people using drugs, costing rehab facilities millions of dollars each year.
— Vietnam Insider


Feature photo GodImage

This week’s Vietnam morning news feature photo acknowledges the Mid-Autumn Festival on September 24.


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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