Vietnam Morning News For July 31

Vietnamese firms invest over US$277 million abroad in seven months
Vietnamese enterprises received investment licences for 90 projects worth US$180.1 million in 30 countries and territories in the first seven months of this year, according to the Ministry of Planning and Investment.
— NDO

Vietnam’s top 10 brands worth nearly $7 bln
Vietnam’s ten most valuable brands are worth a total of $6.9 billion this year, a year-on-year increase of over $900 million.
— VnExpress

Dengue fever infections surge in Vietnam in 7 months
Between Jan. 1 and July 29, Vietnam spotted over 105,000 dengue fever patients, more than trebling the cases in the same period last year, Vietnam News Agency reported on Tuesday.
— Xinhua

Couple arrested for illegally transporting pangolins
Pangolins are believed to be the most trafficked animal in the world.
— Viet Nam Net

Vietnam aims for Thailand’s auto-making crown
Vinfast, a subsidiary of Vietnam’s Vingroup, the communist country’s largest private conglomerate, last month rolled out its first made-in-Vietnam automobile model, a combustion engine hatchback that at a sticker price of about US$19,000 has taken on Japanese and Korean brands in the nation’s fast-revving domestic market.
— Asia Times

Your Next iPhone Might Be Made in Vietnam: NYT
Samsung already assembles half of its handsets in the country, which got a big lift from U.S. tariffs on Chinese goods. Now Apple is homing in.
— Vietnam Insider

Chinese investors target Vietnam assembling industry
Vietnam’s push for deeper global economic integration through new trade deals is a decisive factor for a shift of Chinese capital, while evidence is still needed to back up the argument that trade war is behind such trend, said an expert.
— The Hanoitimes

Govt won’t allow any more imports of Vietnam red chillies this year
The government won’t allow any more red chillies to be imported from Vietnam until the end of this year, says Deputy Minister of Agriculture and Agro-Based Industry Sim Tze Tzin.
— New Straits times

Vietnam – EU Trade Forum opens in Ho Chi Minh City
EU Trade Forum in 2019 with the theme “EVFTA: New horizon for extensive and comprehensive cooperation” opened in Ho Chi Minh City on July 30.
— NDO

VPBank posts 44 per cent increase in pre-tax profit
Figures released from the bank showed its revenue in the second quarter of the year rose by 11 per cent to VNĐ8.86 trillion.
— Viet Nam News

Vietjet offers Phú Qua’c discounts
The promotional airfares will be applied for domestic and international routes connecting to the island in the southern province of Kiên Giang.
— Viet Nam News

Vietnam Political Prisoners End Hunger Strike Over Poor Conditions, But Demand Monthly Phone Calls
At least three political prisoners at a detention center in north-central Vietnam’s Nghe An province have ended their hunger strike over poor conditions after they were given fans, but warned they will resume the protest if they are not provided monthly calls home, family members said Monday.
— Radio Free Asia

Vietnam anti-corruption activist gets 30 months in jail
A Vietnamese court has sentenced an anti-corruption activist to 30 months in jail for causing a public disorder.
— Star Tribune

Seven-month FDI capital in Vietnam reaches US$11.7 billion
Total newly-registered and supplemented FDI capital in Vietnam was estimated at nearly US$11.7 billion in the first seven months of this year, down 35.6% compared to that during the same period last year, according to the General Statistics Office (GSO).
— NDO

Bilateral trade between Vietnam, Pakistan urged
Vietnam’s head of trade mission and Commercial Counselor, Nguyen Hong Tan, urged industrialists to invest in Vietnam for promoting bilateral trade between Vietnam and Pakistan.
— Business recorder

Export challenges push tra fish prices to 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.
— VietnamPlus

South Eastern Vietnam shows the highest demand for online financing
To distinguish the demand by regions and cities, the company has studied the data of 466 thousand customers who have used its services in Vietnam in 2019.
— Vietnam Insider

Hanoi property market has large room for development: Mayor
The rate of urbanization in Hanoi is likely to reach 70% by 2030 from current 53%.
— The Hanoitimes

Vietnam’s outstanding M&A deals in 2018-2019
In 2018-2019, Vietnam continued to witness high-value mergers and acquisitions transactions in a variety of sectors, such as food manufacturing, real estate, banking, and retail.
— Vietnam Insider

Vietnam’s biggest brewer reports surge in profits
Sabeco reported second quarter post-tax profit of VND1.53 trillion ($66.03 million), the highest quarterly profit in three years.
— VnExpress

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

Vietjet opens new air routes to Phu Quoc
On July 29, budget carrier Vietjet Air announced the planned operation of six routes to and from Phu Quoc, under the framework of the Kien Giang Investment Promotion Conference, and under the witnesses of Prime Minister Nguyen Xuan Phuc.
— NDO

Wood and forest products exports exceed $6b
Việt Nam’s wood and forest product export turnover in the first seven months of 2019 has been estimated at more than US$6 billion, a year-on-year increase of 17 per cent.
— Viet Nam News

Best Things To Do During A Week in Cambodia and Vietnam
Water is a vital necessity for millions of Cambodians and Vietnamese that live among the rich fisheries and villages that form colorful landscapes along the rivers. One of the best ways to experience this ancient aquatic livelihood is by river cruise.
— Forbes

PVC appoints new general director
PetroVietnam Construction Corporation (PVC) on Monday officially appointed Lương Đình Thành as the new general director of the firm.
— Viet Nam News

Lighthizer warns Vietnam over trade deficit with U.S.
Vietnam must take steps to reduce its trade deficit with the United States and open its market to more U.S. goods and services, U.S. Trade Representative Robert Lighthizer said in comments released today.
— Pollitico

Vietnam, Malaysia seek to expand trade ties
Vietnam and Malaysia have signed an agreement on five-year action programme, aiming to lift bilateral trade turnover to US$ 15 billion in 2020.
— NDO

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

Tencent and Baidu start offering video streaming services in Vietnam
Vietnamese users now can start paying for subscriptions on the video-on-demand (VOD) platforms WeTV, owned by Tencent, and iQIYI, owned by Baidu, at affordable prices. The services have become available to Vietnamese users via Apple and Google’s app stores.
— Kr Asia

Vietnam, Myanmar look to boost defence ties
Deputy Chief of the General Staff of the Vietnam People’s Army (VPA) Sen. Lt. Gen. Pham Ngoc Minh on July 29 received Major Gen. Thet Pon, Commander of Yangon Region Command of Myanmar,during his ongoing working visit to Vietnam.
— VietnamPlus

HCM City’s housing market gloomy in first half
Ho Chi Minh City’s realty sector experienced a hazy first half of the year, with dwindling supply of both high-end and pocket-sized apartments, according to insiders.
— VietnamPlus

Competition Benchmarking in Vietnam Pumps Market
The report focuses on overall market size, segmentation by type of pumps (Centrifugal, positive displacement, submersible non submersible and others). The report also covers the overall competitive landscape and Market Share of Major Players. The report concludes with Key Metrics and Profiles regarding Major players of the Market.
— Vietnam Insider

Hòa Phát invests nearly VNĐ43 trillion on Dung Quất project
The group’s chairman Trần Đình Long told the annual shareholders’ meeting that total initial investment for the project is VNĐ40 trillion of medium-term loans for fixed assets and VNĐ12 trillion for short-term activities.
— Viet Nam News

OFAC designates North Korean national working in Vietnam
The U.S. Department of Treasury on Monday designated a North Korean individual based in Vietnam for his involvement with sanctioned entities and prohibited trade.
— Nk News

Việt Nam’s foreign reserves hit record high $68 billion
The sufficient foreign reserves have been a key source to help the central bank stabilise the USD/VNĐ exchange rate.
— Viet Nam News

Top securities firms report lower earnings in Q2 due to poor liquidity
A quiet stock market in the first half of 2019 resulted in lower quarterly earnings for some large-cap securities companies, causing their shares to decline in the past two weeks.
— Viet Nam News

PM exhorts Kiên Giang Province to capitalise on resources to become innovative, wealthy
Kiên Giang should become one of the wealthiest and most dynamic and innovative provinces in the country based on its comparative natural advantages and sea-based economy, Prime Minister Nguyan Xuân Phúc told an investment conference in the Cửu Long (Mekong) Delta province yesterday .
— Viet Nam News

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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