Vietnam Morning News For July 4

U.S. Slaps Import Duties of More Than 400% on Vietnam Steel
The U.S. Commerce Department imposed duties of more than 400% on steel imports from Vietnam, accusing some businesses of shipping products from the Southeast Asian nation to evade the levies in a further escalation of tension between the two trading partners.
— Bloomberg

Vietnam’s resilient manufacturing sector continues to drive growth
During what has been a bumpy 2019, Vietnam has managed to weather through risks to growth relatively well.
— The Hanoitimes

Minister: Vietnamese ships worst offenders of illegal fishing in Malaysian waters
Vietnamese-registered vessels were the largest group among those caught by the authorities for illegally fishing in Malaysian waters, Agriculture and Agro-based Industry Minister Datuk Salahuddin Ayub said.
— Malay Mail

Vietnam Mobile Payment Market Growth Forecast Shows USD 43,427 million Revenue by 2025
The Vietnam Mobile Payment market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Big Market Research.
— Hitech news daily

Government needs to reinforce macro-economic stability
The Government should enhance macro-economy stability to strengthen the national economy before risks appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting yesterday.
— Viet Nam News

Tropical Storm Mun to bring flooding, mudslides to China and Vietnam this week
A tropical depression that formed in the South China Sea on Monday strengthened into Tropical Storm Mun on Tuesday and will bring days of heavy rainfall to parts of China and Vietnam this week.
— Accuweather

Vietnam: Bac Giang’s lychee revenues reach 60-year high
Farmers in Vietnam’s northern province of Bac Giang earned revenue of 6.1 trillion VND (US$262.3 million) from lychees this year, breaking all records of the past 60 years. The province’s total revenue from lychee was 5 trillion VND in 2016, 5.3 trillion VND in 2017 and 5.8 trillion VND in 2018.
— Fresh Plaza

Over half of litchi output in Vietnam’s litchi hub exported to China: report
Some 50,000 tons of litchi out of a total output of 90,000 tons of the succulent sweet fruit grown in Vietnam’s northern Bac Giang province, the country’s litchi-growing center, have been sold to China so far this year, Vietnam News Agency on Wednesday quoted the provincial Department of Industry and Trade as reporting.
— Xinhua

Vietnam treasures relations with ADB: Deputy PM
Vietnam attaches importance to relations with the Asian Development Bank (ADB) – one of the country’s leading providers of capital, technical assistance and consultation, Deputy Prime Minister and Foreign Minister Pham Binh Minh said.
— NDO

Oyo starts operations in Vietnam, to invest $50m for growth in the country
Hospitality chain Oyo Hotels and Homes has launched its services in Vietnam and announced plans to invest over US$50 million in the country over the next few years as it continues to build its presence in Southeast Asia.
— Tech In Asia

Sunseap completes Vietnam solar farm amid steady pipeline of Asia projects
SINGAPORE clean-energy provider Sunseap Group’s unit has completed a US$150 million Vietnam solar farm project ahead of schedule, Sunseap International said on Wednesday.
— Business Times

More than 280,000 people receive unemployment allowance
HÀ N?I A total of 280,084 people have received unemployment allowance so far this year, and more than 13,600 people were supported with vocational training.
— Viet Nam News

Banks starts to adopt advanced authentication method to enhance security
A number of banks are introducing smart technology to tighten security and make customer transactions safer.
— Viet Nam News

Footwear exports buoyed thanks to FTA
The footwear sector has optimised opportunities from free trade agreements (FTAs) that Vietnam has signed to increase exports, according to insiders.
— VietnamPlus

$63 million solar power plant opens in Hà Tinh
Spanning 50ha in C?m Xuyên District, the C?m Hòa solar power plant has a designed production capacity of 50 MWp.
— Viet Nam News

Coca Cola fined over advertisement
The Ha Noi Department of Culture and Sports on Monday fined a company for hanging an advertisement sign with unclear content.
— Vietnam Insider

Device turning old iPhones into ‘new’ ones available in Vietnam
JC-B1 devices can turn an old iPhone battery into new ones with false information cheating iOS and consumers.
— Vietnam Insider

Vietnamese shares drop as worries persist over global slowdown
Việt Nam’s benchmark VN-Index slid on Wednesday with modest liquidity as investors remained quiet due to lack of supportive information.
— Viet Nam News

Industrial park occupancy rate reaches 74%
The ministry said in the first half of the year, IPs and Ezs attracted 340 foreign investment projects with total registered capital of US$8.7 billion.
— Viet Nam News

Nam Sơn dump residents receive compensation
More than VNĐ182 billion ($7.8 million) was paid to 186 families in Nam Sơn Commune on Tuesday while 39 households in Hang Kỳ Communce will receive the money on Thursday.
— Viet Nam Net

Why Vietnam Looks Like the Next Target of Trump’s Tariffs
Is it Vietnam’s turn in Donald Trump’s barrel? In a rambling interview last week with Fox News, Trump unexpectedly blasted Vietnam, a growing American partner in Southeast Asia and the host of Trump’s highly anticipated but ultimately failed summit with North Korean leader Kim Jong Un in February.
— World Politic Review

Investors still cautious, VN stocks mixed
Vietnamese shares were mixed on Wednesday morning, while trading liquidity remained low due to investors’ caution.
— Viet Nam News

Gold continues to climb on global volatility
Gold has shown it is extremely sensitive to geopolitical volatility.
— Viet Nam News

Vietnam, UK hold 7th strategic dialogue
Vietnam and the UK welcomed the sustained progress in their strategic partnership, and stressed support for the rules-based international order, free trade, sustainable economic growth, education and cultural exchanges at their 7th strategic dialogue in London on July 2.
— VietnamPlus

Shinhan Card Expanding Business in Vietnam
Shinhan Card Co. announced on July 2 that it held a launching ceremony for Shinhan Vietnam Finance Co. (SVFC) at the InterContinental Saigon hotel in Ho Chi Minh City, Vietnam.
— Business Korea

EU-Vietnam pact to deliver trade and investment bonanzas
The EU-Vietnam Free Trade Agreement will grant Vietnam easier access to a market of 500 million plus people and a total GDP of $15 trillion.
— VnExpress

Risen Energy connects 50MW PV project in Vietnam
PV solutions provider Risen Energy has officially connected the NHI HA 50MW solar power station project owned by Vietnam-based Bitexco Group’s subsidiary Thap Cham Solar to the Vietnamese national grid.
— PV Tech

Saigon Co.op buys Auchan Vietnam
Auchan has quit Vietnam and local group Saigon Co.op has bought the French retailer’s stores, according to online reports.
— Fruit Net

Localities and ministries urged to prepare for tropical storm
The Central Steering Committee on Natural Disaster Prevention and Control has asked its sub-committees, relevant ministries and sectors to brace for a tropical storm that is moving towards Viet Nam.
— Viet Nam Net

Vi?t Nam’s six-month industrial production up 9.13%
The country’s index of industrial production (IIP) recorded a year-on-year rise of 9.13 per cent in the in the first six months of this year, according to the General Statistics Office (GSO)’s latest report.
— Viet Nam News

HCM City to fill in wells to prevent land subsidence
A number of wells that have been supplying large quantities of water in HCM City are being filled up since the city’s 100,000 or so wells have been identified as one of the main reasons for land subsidence.
— Viet Nam Net

Machine, metalworking expo opens in HCM City
The Vi?t Nam International Precision Engineering, Machine Tools and Metalworking Exhibition opened in HCM City on July 2, showcasing smart machinery, equipment and solutions for the manufacturing industry.
— Viet Nam News

SDG Challenge 2019 competition launched
The Vietnam SDG Challenge 2019 competition, themed ‘Innovative Solutions for Increasing Accessibility for Persons with Disabilities’, was launched on Wednesday in Hà Nội.
— Viet Nam News

C?n Tho kicks off construction on key projects
Many infrastructure projects in C?n Tho have kicked off or have been completed and put into use, according to the city’s ODA project management unit.
— Viet Nam News

CPTPP opens up opportunities for VN’s agricultural products
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Vi?t Nam’s agricultural products to reach global markets.
— Viet Nam News

Logistics SaaS platform GoComet secures US$2.2M Series A funding
The funding is led by Leo Capital, joined by SGInnovate and August One for this round GoComet, a Singapore-headquartered logistics resource management SaaS platform, announced that it has raised a US$2.2 million (S$3 million) in a Series A funding round.
— e27

HCM City helps neighbouring provinces improve food quality
Authorities in HCM City are helping neighbouring provinces produce safe foods as 80 per cent of seafood is supplied by other cities and provinces to the city.
— Viet Nam News

Global worries pull VN stocks down
Vietnamese shares dropped on Tuesday as worries about the global economic slowdown and new trade tensions outweighed confidence in Vi?t Nam’s new trade deals.
— Viet Nam News

Feature photo Urbanist Hanoi

This week’s Vietnam morning news feature photo focuses on plastic waste throughout Asean.

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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