Vietnam Morning News For August 20

Vietnam to auction new 4G spectrum as telecom speeds fall
Vietnam will auction a new high-frequency 4G spectrum since the existing one has been almost fully taken resulting in lower speeds.
— VnExpress

HCM City has many things to do to become seed production hub
Ho Chi Minh City holds potential for crop seed export, but it still needs the State’s support to boost seed development and production which have yet to meet expectations so far.
— VietnamPlus

Organ trafficking linked to SA men’s disappearance in Vietnam
According to the Gift of the Givers, organ traffickers may be behind the disappearance of two South African teachers in Vietnam.
— IOL

Tourism sector strives to reduce plastic use
The Ministry of Culture, Sports and Tourism has issued a document on protecting the environment and limiting the use of plastic bags, straws and cups.
— VietnamPlus

Vietnam draws US$1.6 billion from China’s Belt and Road Initiative in Jan-Jun
Vietnam, along with Singapore and Indonesia, has been named as the top countries where organizations see Belt and Road Initiative opportunities, according to PricewaterhouseCoppers.
— The Hanoitimes

Techcombank to issue 3.5 million shares to employees
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue more than 3.5 million shares for its employees in the form of an employee stock ownership plan (ESOP) at the price of VNĐ10,000 per share.
— Viet Nam News

Trade war starts taking its toll on Vietnam’s economy
Vietnam’s exports in the January – July period grew 7.3% year-on-year, less than half the growth rate recorded in the same period last year, while FDI commitments as of June 20 totaled US$18.47 billion, down 9.2% year-on-year.
— The Hanoitimes

VN imports more petroleum in July
Việt Nam imported more than one million tonnes of petroleum products in July worth more than US$633.2 million, up 99 per cent in volume and 107 per cent in value from the previous month, according to the General Department of Vietnam Customs.
— Viet Nam News

What’s in the New India-Vietnam Patrol Vessel Project Launch?
Both sides broke ground on the first specific project to operationalize their defense partnership in this realm.
— The Diplomat

Trade in focus as Morrison jets to Vietnam
Trade and investment opportunities are expected to dominate Scott Morrison’s trip to Vietnam, the first stand-alone visit an Australian prime minister has made there in a quarter of a century.
–9News

VinFast: will Vietnam’s new locally made car take off?
VinFast’s ambition to become the national car brand of Vietnam has gone up a gear with the first deliveries of its two luxury models to customers.
— South China Morning post

JLL Vietnam: Investors look for M&A property in Việt Nam
Investors are looking industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land bank and operating real estate, Jones LaSalle Vietnam Co Ltd (JLL Vietnam) said in a statement.
— Viet Nam News

Cashew industry seeks way out of current troubles
The Việt Nam Cashew Association held a conference to review the industry’s performance in the first seven months and identify solutions to the problems plaguing it.
— Viet Nam News

Joint projects in CLV Development Triangle Area to be promoted
Cambodia, Laos and Vietnam (CLV) are set to promote the traditional solidarity and friendship among their parliaments and step up joint projects in the CLV Development Triangle Area, according to a joint statement issued on August 18.
— NDO

Currency printer reports H1 loss
The National Banknote Printing Press has reported a VND11 billion ($475,000) H1 loss, down from VND60 billion ($2.6 million) in H1 2018 profit.
— VnExpress

IMF pledges further support for Vietnam
The International Monetary Fund (IMF) will continue to cooperate with and assist Vietnam in policy consultancy and capacity improvement, the IMF’s newly-accredited Resident Representative in Vietnam Francois Painchaud has said.
— VietnamPlus

Australia PM Scott Morrison’s upcoming visit to enhance strategic ties with Vietnam
The Australian Prime Minister will visit Vietnam more than one year after the two countries upgraded ties to strategic partnership in March 2018.
— The Hanoitimes

Vietnam to remove import duties for auto parts not available domestically
The move would help support the development of local supporting industries, particularly the automobile manufacturing and assembling in the 2019 – 2023 period.
— The Hanoitimes

Aquaculture Việt Nam 2019 to be held in Cần Thơ
An international exhibition and conference on Việt Nam’s aquaculture sector will take place in the Cửu Long (Mekong) Delta City of Cần Thơ from October 16-18.
— Viet Nam News

Vietnam needs more reforms to take advantage of FDI shifting
John Chong, CEO of Maybank Kim Eng, said in order to take advantage of the shifting of FDI inflow from tech firms, Vietnam must make investments to improve its labor force and infrastructure.
— The Hanoitimes

Corporate bond an effective tool to raise capital
Bond issuance is becoming a popular channel for firms to raise capital for its efficiency and convenience.
— Viet Nam News

Shinhan Bank Opens Four More Branches in Vietnam
Shinhan Bank has become the largest foreign bank operating in Vietnam by setting up 36 branches across the country.
— Business Korea

Local retailers can seize the lion’s share
Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.
— Viet Nam News

Mobile phone exports: Amitabh Kant panel eyes Vietnam-like model
As US-China trade tensions escalate, several big manufacturers who have facilities in China are keen to relocate, and as many are looking at Vietnam, India is hoping to get a slice of that pie as well.
— Financial Express

Intercard to bring cashless solutions to Theme Park Expo Vietnam
Intercard, the cashless payment provider, will be attending Theme Park Expo Vietnam when it takes place in Ho Chi Min City, Vietnam, on the 21st – 22nd August.
— Blooloop

Korea Kolmar expands in Vietnam
Korea Kolmar has established a new unit in Vietnam recently, according to sources on Aug.19.
— The Investor

Jeju, Bangkok, Da Nang top 3 travel picks for South Koreans
Jeju Island at the southern tip, Bangkok and Vietnamese hide-out Da Nang are favourite destinations for South Koreans to spend during a holiday next month, with Japanese locations off the list amid diplomatic and trade row.
— Pulse News

Vietnam kicks off garment factory safety initiative
The Vietnam Textile and Apparel Association (VITAS) has partnered with Dutch sustainable trade initiative IDH to launch Life and Building Safety Initiative (LABS), in a bid to protect apparel and footwear factory workers.
— Eco textile

Cambodia, Vietnam strengthen ties
The Kingdom will strengthen diplomatic ties on economic cooperation and the settlement of border issues with Vietnam, officials said yesterday.
— Khmer Times

Go-Viet claims it’s a leader in Vietnam’s online food delivery market
Go-Viet, Gojek’s Vietnamese subsidiary, claims it’s leading Vietnam’s online food delivery market in terms of the number of merchants and menu items.
— KR Asia

FPT Software’s solution, platform to be commercialised in Taiwan
FPT Software of Vietnam and Taiwanese system integration solution provider ThinkPower have inked an agreement on the distribution of the former’s digital transformation solution and platform in Taiwan.
— VietnamPlus

Vietnamese to receive special welcome in RoK this September
The Korean Tourism Organisation (KTO) will run a campaign on welcoming Vietnamese tourists to the Republic of Korea (RoK) which will last for a week from September 2 to 8, according to KTO Vietnam.
— NDO

Project helps create sustainable livelihood for farmers in Tra Vinh
The project for adaptation to climate change in the Mekong Delta (AMD project) funded by the International Fund for Agricultural Development (IFAD) has helped create sustainable livelihood models in Tra Vinh province.
— VietnamPlus

Hanoi Railway launches new “home-to-home” shipping service
A new cargo transport service under the method of “from home to home” has been launched by the Hanoi Railway Transport Joint Stock Company (HARACO) across the Vietnam railway network.
— Vietnam Insider

Dengue fever enters peak season as death toll rises to 16
Dengue fever diagnoses are increasingly rapidly in Vietnam and 16 deaths reported so far this year, up seven year-on-year.
— VnExpress

Ton Duc Thang University in HCMC has become the first Vietnam’s university among world’s top 1,000
Ton Duc Thang University in Ho Chi Minh City has become the first university in Viet Nam entering Academic Ranking of World Universities’ top 1,000.
— Vietnam Insider

Vietnam thirsty for green real estate
Only a small proportion of construction works in Vietnam can obtain certificates for green real estate, but the demand is increasing rapidly in the context of climate change.
— Vietnam Insider

Whale dies in Ninh Thuận Province
A whale died on Monday in Vĩnh Hy Gulf of the south-central province Ninh Thuận, despite the efforts of local residents and authorities to save the animal over the past three days.
— Viet Nam Net

VN stocks predicted to swing for another week
Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.
— Viet Nam News

Shinhan Bank opens four additional branches in Vietnam
Shinhan Bank has become the largest foreign bank operating in Vietnam by setting up 36 branches across the country.
— Vietnam Insider

Workshop told how technology can help cope with natural disasters
Technology and science is key to coping with future natural disasters. That was the message heard during a workshop in Hà Nội on Friday organised by the Ministry of Agriculture and Rural Development and the Central Steering Committee for Natural Disaster Prevention and Control.
— Viet Nam Net

Vietnam stocks predicted to swing for another week
Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.
— VietnamPlus

VN firms must act fast on digital transformation or be left behind: FPT executive
Vietnamese businesses need to consider digital transformation soon in order to not be left behind in the ongoing industrial revolution, Phan Thanh Sơn, chief business development officer of FPT Information System, told Việt Nam News.
— Viet Nam News

Feature photo IFRC

This week’s Vietnam morning news feature photo focuses on World Humanitarian Day, August 19.

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).

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