Vietnam Morning News For July 30

Actual FDI in Vietnam up 6.63% to over US$11 billion in Jan-July
FDI commitments in the January – July period totaled US$20.2 billion, down 13.45% year-on-year.
— The Hanoitimes

Vietnam has a $200M trade surplus in July
Vietnam is reporting a trade surplus in July of $200M. That comes after a $400M surplus in June.
— Forexlive

Vietnam’s industrial production up 9.4 pct in 7 months
Vietnam’s national index of industrial production rose 9.4 percent on-year in the first seven months of this year, the country’s General Statistics Office announced on Monday.
— Xinhua

Foreign interest in Việt Nam’s LNG sector remains high
HÀ NỘI Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Việt Nam, in part due to country’s growing demand for electricity.
— Viet Nam News

Ratings needed to protect Vietnam’s corporate bond investors
Though the corporate bond market really needs to be developed in order to reduce the dependence of the economy on commercial banks, corporate bond issuance must be transparent and secure.
— The Hanoitimes

Vietnam posts lowest 7-month CPI hike in 3 years
The consumer price index (CPI) of Vietnam, which measures changes in the prices paid by consumers for a basket of goods and services, rose 2.61 percent on-year between January and July, the lowest growth for a seven-month period over the past three years, the country’s General Statistics Office said on Monday.
— Xinhua

Hyundai logistics arm opens first SE Asia office in Vietnam
Hyundai Glovis has opened its first Southeast Asian office in Hanoi to serve its expansion plans in the region.
— VnExpress

Vietnam respects, fully implements UNCLOS 1982
Vietnam actively participated in the negotiation process and building of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and has made significant efforts in enforcing the pact.
— VietnamPlus

Vietnam hosts more int’l arrivals in 7 months
Vietnam received roughly 9.8 million foreign visitors in the first seven months of this year, posting a year-on-year rise of 7.9 percent, according to the Vietnam National Administration of Tourism on Monday.
— Xinhua

Vietnam’s top 50 brands valued at US$9.3 billion
The total value of the top 50 Vietnamese brands in 2019 unveiled by Forbes Vietnam is estimated at over US$9.3 billion, up US$1.2 billion from the figure announced last year.
— NDO

HCM City takes steps to reduce pollution in canal networks
The People’s Committee of HCM City has taken several steps to solve pollution in four canals in HCM City’s Thu Duc District and District 9.
— Viet Nam Net

The strategic investment contract in technology in Vietnam signed between Samsung SDS and CMC Corporation
On July 26, 2019 in Hanoi, South Korea’s leader in IT – Samsung SDS and Vietnam’s Top IT and Telecommunication company – CMC Corporation officially signed a strategic investment cooperation contract with CMC. The investment contract is the comprehensive technology cooperation of Samsung SDS & CMC.
— Yahoo News

Malaysia tops ASEAN+3 pop singing contest in Vietnam
Rosario Ninih Chamini Bianis from Malaysia won the first prize at the ASEAN (the Association of the Southeast Asian Nations)+3 pop singing contest which concluded in Vietnam’s northern Quang Ninh province on Sunday.
— Xinhua

Vietnam detains 380 Chinese people in illegal online gambling bust
Police in Vietnam on Sunday (July 28) detained more than 380 Chinese people accused of running the country’s largest-ever underground online gambling ring, the government said.
— Asia One

EVFTA: Businesses advised to improve product quality
The EU-Vietnam free trade agreement (EVFTA) is expected to bring great opportunities for exporters of Vietnam and the Mekong Delta region in particular. However, insiders have advised Vietnamese firms to improve their products’ quality to overcome barriers in the choosy EU market.
— VietnamPlus

Tra fish prices hit 10-year low
Prices of tra fish have dropped to the lowest level in 10 years due to export difficulties, according to the Ministry of Agriculture and Rural Development’s Agricultural Market Development and Processing Department.
— Viet Nam News

VN-Index saved by large-cap firms, but outlook gloomy
Việt Nam’s benchmark VN-Index recovered at the end of Monday as large-caps returned to positive territory on strong purchases.
— Viet Nam News

Seven artery bridges connecting traffic in Hanoi
Chuong Duong Bridge, which was built from 1983 to 1986, is the first of its kinds to be designed and constructed by local engineers.
— The Hanoitimes

Vietnamese officer injured as driver slams illegal timber van into police truck
A traffic police officer in Vietnam’s Central Highlands has been injured after a speeding van carrying contraband wood crashed into a police truck in an attempt to escape.
— Vietnam Insider

Concerns arise as Chinese P2P companies flee to Vietnam
A large number of Chinese P2P companies in Vietnam have created unfair competition and caused confusion among customers, as some recruited Vietnamese as representatives.
— The Hanoitimes

Efforts in improving environment at tourism sites
The surrounding environment is a major factor determining the return of holidaymakers. Realising the importance of this, many localities have begun to tackle environment problems.
— VietnamPlus

Lotte Duty Free opens its 3rd travel retail shop in Vietnam
South Korea’s Lotte Duty Free that is going all out to become the world’s No. 1 travel retailer by 2020 opened its third duty-free shop in Vietnam in which its previous two duty-free shops successfully turned around within just a year after their opening.
— Pulse News

Work starts on Bamboo Airways aviation training centre
Bamboo Airways, a subsidiary of real estate developer FLC Group, began construction of an aviation training centre in the central province of Binh Dinh on July 28.
— VietnamPlus

Techcombank honoured Best Payments Bank in Vietnam
The Vietnam Technological and Commercial JSC (Techcombank) has been named the Best Payments Bank in Vietnam in 2019 by the Asian Banker thanks to its use of high technology in providing payment solutions to customers.
— VietnamPlus

Local, international youths join hands to clean up garbage in Nha Trang Bay
Several groups have been established and dedicated to cleaning up garbage in Vietnam’s Nha Trang Bay, where rubbish from fishing, tourism, and household activities is placing enormous pressure on the natural environment.
— Vietnam Insider

Lists of compulsory non-cash transactions announced
Authorities have announced a list of transactions that will have to be made via banks in some areas in a move to boost non-cash payments.
— Viet Nam News

Hong Kong the largest source of foreign investment in Việt Nam in first 7 months of 2019
Hong Kong retained its crown as Việt Nam’s leading source of foreign direct investment (FDI) in the first seven months of this year, pouring US$5.44 billion in the Southeast Asia country, the Ministry of Planning and Investment’s Foreign Investment Agency said in its latest report.
— Viet Nam News

HCM City solicits investment in infrastructure
HCM City authorities last week called on local and foreign investors to invest in the city’s infrastructure.
— Viet Nam News

Bcnex partners with Coinads in listings and marketing
Cryptocurrency blockchain trading platform Bcnex has announced a strategic partnership with cryptocurrency marketing agency CoinAds Ltd.
— Viet Nam News

VN stocks dragged down by strong selling
Vietnamese shares declined on Monday morning as large-cap companies began to suffer from profit-taking.
— Viet Nam News

Chillax Asia 2019 Drives Entrepreneurship to New Levels in Singapore’s Bakery & Confectionary Sector
Chillax Asia 2019 Drives Entrepreneurship to New Levels in Singapore’s Bakery & Confectionary Sector
— Viet Nam News

Vietnam briefs India about Chinese action in South China Sea
Vietnam has briefed India about the escalating tension in the South China sea after China deployed a large number of survey vessels in Vietnamese waters including around areas where India’s ONGC has oil exploration projects.
— Economic Times

Vietnam: Activist faces trial for Facebook Live criticising corruption
Amnesty International has called for all charges to be dropped against a Vietnamese activist who will stand trial tomorrow (30 July) for Facebook posts criticising corruption in the country.
— Amnesty

Vietnam, Kazakhstan pace frontier market pack
Through the first half of the year, they enjoyed respective 8% and 15% gains on the Morgan Stanley Capital International Index.
— Asia Times

Mouser Electronics Opens New Customer Service Center in Vietnam
Mouser Electronics, Inc. today announced the opening of its Vietnam Customer Service Center, in Ho Chi Minh City.
— Yahoo News

Vietnam: Bright spot amid global headwinds – ANZ
“Vietnam’s GDP growth in H1 2019 was solid, considering the downturn in global trade and the impact of African swine fever on the agriculture sector.
— fxstreet

Defense Policy Exchange Spotlights Vietnam-Laos Military Cooperation
A recent interaction spotlighted ongoing efforts by the two sides to make advances in their security collaboration.
— The Diplomat

Hà Nội authorities confiscate illegal wildlife products
Fifty-five pieces of rhino horn weighing 125.15kg at were discovered hidden in plaster at Nội Bài International Airport on Thursday, Hà Nội Customs announced on Saturday.
— Viet Nam Net

HCM City to host smart factory conference
Vietnamese market and incentive policies for high-tech investment, trends in smart factory solutions and smart solutions using AI and IoT are among the topics that will be discussed at a conference in HCM City next month.
— Viet Nam News

Cracks appear on road along Hậu River
In 2010, land erosion was reported 100 metres away from the new cracks.
— Viet Nam Net

Local stocks to slow on mixed corporate earnings as investors wait for int’l events
Vietnamese shares made slight gains last week and the benchmark local index is expected to consolidate under the 1,000 point level before advancing, analysts said.
— Viet Nam News

Vietnam on alert for budding tropical storm this week
An area of low pressure is expected to form over the East Sea early this week with a window of opportunity for further development. Brett Rathbun, AccuWeather meteorologist reports.
— Vietnam Insider

Feature photo Anti-Slavery International

This week’s Vietnam morning news feature photo focuses on World Day against Trafficking in Persons, July 30.

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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