Vietnam morning news for July 15

Vietnam morning news for July 15
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Vietnam morning newsMinimum wage in Vietnam set to increase by 5.5 percent next year
Starting next year, minimum wage in the private sector in Vietnam will increase by 5.5 percent after three-party negotiations between representatives of the State, employers and employees ended last Friday.

South China Sea: Beijing Shouldn’t Treat Vietnam Like The Philippines
Beijing shouldn’t treat Vietnam the same way it treats the Philippines. When it comes to the South China Sea disputes, that is. It won’t work, and it won’t help the economic integration of the region either.
— Forbes

Vietnam plans to become leading digital economy in Asean by 2030
Vietnam will become the leading digital country and economy in the Asean region by 2030 and allow testing of new technologies in the digital economy.

Vietnam’s textile and garment industry has great opportunities in US
The Cotton Council International’s (CCI) Cotton USA together with the Vietnam Textile and Apparel Association (VITAS) yesterday held the 2019 Cotton Day under theme “What’s new in cotton”.
— Sggp News

VPBank completes first $300 million international bonds issue
Private creditor VPBank has issued $300 million worth of 3-year international bonds to Asian and European investors.
— VnExpress

Vietnam’s North-South Railway listed among world’s top ten most beautiful
Vietnam’s Thong Nhat (Reunification) Express, also called the North-South railway route, has been listed by the Russia’s Sputnik news agency among the ten most beautiful of its kind in the world.

Vietnam steelmaker keeps expansion plans warm amid tariff threat
Doubt has crept into Vietnam’s ambitious drive to become a global steel power: Does Formosa Ha Tinh Steel, which began operating the country’s first integrated steel plant a little more than two years ago, really want to go ahead with plans to build a third blast furnace?
— Nikkei Asian Review

Nike Supplier Pivots Away From Vietnam After Exiting China
That’s the lesson Eclat Textile Co. is learning. The sportswear supplier to Nike Inc. and Lululemon Athletica Inc. exited China in 2016 as conditions weren’t ideal for manufacturing, deciding instead to bulk up in Vietnam. Now, as the global trade war heats up, Eclat finds itself vulnerable again and needs to move beyond Vietnam.
— Bloomberg

Hanoi apartment supply posts record low over past five years
The newly-launched apartments in Hanoi in the second quarter (Q2) this year were only 5,900 units, the lowest additional supply in a quarter since the market rebounded in 2014.
— The Hanoitimes

Foreign finance institutions step up expansion plans in Vietnam
The competition in the Vietnamese finance and banking market has become fiercer as existing foreign institutions are rushing to increase capital even as new entrants continually join the market.
— VietnamPlus

Hanoi submits dossier to join UNESCO Creative Cities Network
The People’s Committee in Hanoi yesterday pressed the button to announce the website “Hanoi – Creative City” – a part of dossier submission to join UNESCO Creative Cities Network at a ceremony to celebrate the 20th anniversary of its recognition as ‘City for Peace’ by the United Nations Educational, Scientific and Cultural Organization (UNESCO).
— Sggp News

Vietnam’s state budget revenue collection increases 13.2% in H1
State budget revenue collection by the central government posted a five-year high at 51.5% of the estimate.
— The Hanoitimes

Japan’s new labour visa policy to bring oppoturnity for Vietnamese workers
HÀ NỘI — Việt Nam expects to send more workers to Japan and the workers could earn more in the country thanks to Japan’s new policy on specified skills visa.
— Viet Nam News

Lifting Vietnam – China comprehensive strategic cooperative partnership to new heights: NA official
Chairman of the National Assembly (NA) Committee for Foreign Affairs, Nguyen Van Giau, granted an interview on the outcomes of the official visit to China by NA Chairwoman Nguyen Thi Kim Ngan at the invitation of Chairman of the Standing Committee of the Chinese National People’s Congress, Li Zhanshu. Following are the contents of the interview.

Cabinet discusses measures to boost trade with major partners
Key members of the government met with the ministries concerned on July 13 to discuss the measures aimed at bolstering trade with Vietnam’s major partners amid global and regional uncertainties.

Labour shortage hinders development of offshore fishing in central region
A shortage of labour has affected offshore fishing in many central coastal provinces, with many ship owners forced to hire inexperienced seamen.
— Viet Nam News

Credit institutions warned about P2P lending
The State Bank of Việt Nam (SBV) has warned Vietnamese credit institutions and foreign banks in the country to be cautious before working with peer-to-peer (P2P) lending companies as there are many risks related to the service.
— Viet Nam News

Cashless payment posts double-digit growth
The Government’s efforts to boost cashless payment have shown signs of paying off, with both the number of transactions and their total value seeing double-digit growth in the first months of the year.
— Viet Nam News

Central Pediatrics Hospital must be trusted: PM
HÀ NỘI The Central Pediatrics Hospital must always be referral institution throughout the country so as to become an advanced and high-quality establishment across the world, Prime Minister Nguyễn Xuân Phúc said on Saturday.
— Viet Nam News

17 photos that show why Hoi An, Vietnam is the world’s best city in 2019
Hoi An in Vietnam has been named the best city in the world for 2019 in this year’s Travel + Leisure World’s Best Awards.
— Insider

A 350 kph train is fast, but where will it get Vietnam?
With the trans-Vietnam high-speed rail route back in the limelight, a senior expert suggests a lower-speed train that can carry both cargo and passengers.
— VnExpress

Vietnam treasures traditional ties with Bashkortostan: Party official
The Vietnamese Party and State attach much importance to promoting the traditional friendship and comprehensive cooperation with the Russian Federation, including the Republic of Bashkortostan, a senior official has said.

Three Vietnamese firms among Asia’s top 100 power performers
Vietnam’s oil and gas giant PetroVietnam, leading dairy company Vinamilk, Vietcombank, tech company FPT and real estate conglomerate Vingroup make an appearance in the fourth annual Asia 300 Power Performers Ranking compiled by the Nikkei Asian Review.
— VnExpress

How 1969 Mets made Vietnam feel like home for one soldier
The funny thing? Michael Yalango wasn’t even all that much of a Mets fan. He’d grown up with the Brooklyn Dodgers as a kid on Staten Island, but that ride had ended 12 years earlier when they pulled up stakes and moved to California.
— New York Post

Vĩnh Long Province’s investor-friendliness pays handsome dividends
A favourable geographic location, abundant resources and a dynamic and investor-friendly administration make Vĩnh Long Province an optimal destination for foreign direct investment.
— Viet Nam News

Women cycling tournament for An Giang TV cup starts
Fourteen female cycling teams started their tournament competing for An Giang TV cup this year in Ho Chi Minh City on July 13 with a 34-km leg around inner districts of the city.
— Sggp News

Vietnamese lacquer work first contemporary Southeast Asian art piece in French museum
A lacquer interpretation of a conical hat by Vietnamese artists and craftspeople is on display at France’s Guimet Museum.
— VnExpress

Vietnamese NA Chairwoman meets top Chinese Party and State leader
Chairwoman of the Vietnamese National Assembly (NA) Nguyen Thi Kim Ngan met with General Secretary of the Communist Party of China (CPC) Central Committee and President of China Xi Jinping in Beijing on July 12, as part of her official visit to the country.
— Sggp News

Urban heat islands make Vietnam’s cities hotter than ever
Urban heat islands in Ho Chi Minh City and other large cities in Vietnam are causing heat waves with some of the highest recorded temperatures ever in the country, affecting public health.
— VietnamPlus

Leather product, footwear exports likely to fetch US$ 21.5 billion
Vietnam’s export turnover from leather products and footwear is estimated to hit US$ 21.5 billion in 2019, a year-on-year rise of 10 percent, said the Vietnam Leather, Footwear and Handbag Association (LEFASO).
— Sggp News

Hanoi “City for Peace” – from title to brand
For the twenty years since the granting of the “City for Peace” title by the UNESCO, Hanoi has strived to be worthy of the title and great efforts have been made to turn it into a brand for the 1,000-year old historic city.

Tanzania opens door for Vietnam investments
Agricultural and telecommunications are considered priority fields for cooperation between Vietnam and Tanzania.
— The Hanoitimes

Vietnam-Belgium Programme churns out skilled postgraduates
HCM CITY — The Vietnam- Belgium Programme, which offers master’s programmes in several business-related streams, is helping train human resources to meet Việt Nam’s needs.
— Viet Nam News

Should Vietnamese women drive a car?
Among the nine results listed on Google when I asked the question “Should women drive?” in Vietnamese, six of them gave me negative answers, which inspired me to talk with many people about the topic.
— Viet Nam News


Feature photo ILO Asia-Pacific

This week’s Vietnam morning news feature photo focus on World Youth Skills Day, July 15. 


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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