Vietnam morning news for July 8

Vietnam morning news for July 8
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Vietnam morning newsCredit growth expanded 7.33 percent in H1
The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.
— VietnamPlus

Vietnam seems to pick up more windfalls from US-China trade war
Vietnam is seizing an unprecedented opportunity arising from a wave of production and export orders as the trade row between China and the US diverts business to the Southeast Asian country, but looming concerns persist, entrepreneurs and experts told the Global Times.
— Global Times

HCM City metro routes delayed, await approval for cost revision
The HCM City People’s Committee has asked the Ministry of Planning and Investment to revise the cost of its first two metro lines.
— Viet Nam News

Sumitomo taps logistics demand as production shifts to Vietnam
Japanese trading house Sumitomo has invested in a major Vietnamese port operator, aiming to seize growing demand for logistics services as manufacturers shift production to the Southeast Asian country amid the yearlong U.S.-China trade war.
— Nikkei Asian Review

US Imposes Duties on Vietnam Steel: ETFs in Focus
Though investors might be taking it easy on the resumption of trade talks, President Trump seems to be eyeing another trade war. This time, Vietnam seems to be in the line of fire.
— Yahoo News

Vietjet becomes major shareholder in airport ground services firm
Vietjet has acquired a 5.17 percent stake in Saigon Ground Services JSC, increasing its shareholding to 9.11 percent.
— VnExpress

New entrants smother Vietnam’s aviation market
The advent of new domestic carriers has posed headaches to the industry’s executives due to shortage of qualified pilots, technicians and flight attendants, according to Dau Tu newspaper.
— The Hanoitimes

Vietnam moves to ease U.S. tension with trade, FX monitoring
Vietnam Prime Minister Nguyen Xuan Phuc ordered government officials to intensify their crackdown on fraudulently mislabeled products for exports and closely monitor US reactions to the nation’s monetary policy to avoid drawing rebukes from the Trump administration.
— Business Mirror

New EU-Vietnam free trade deal threatens Thailand
Vietnam’s new trade deal with the EU is threatening Thailand’s trade and investment. The European Union-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement were signed on June 30 in Hanoi. Thailand has no free trade agreement with the EU so all Thai export products are subject to EU tariffs.
— The Thaiger

Binh Thuan province sees jump in seafood catch
The south-central province of Binh Thuan has caught and bred more than 100,000 tonnes of fish and other seafood products in the first half of the year, up 2.02 percent against the same period in 2018.
— VietnamPlus

Vietnam to host Southeast Asian amateur golf tourney
The Southeast Asian Amateur Golf Team Championship will take place in the northern province of Vinh Phuc this month.
— VnExpress

Vietnam, France look towards stronger defence partnership
The first Vietnam-France defence cooperation and strategy dialogue has wrapped up successfully, contributing to the development of mutual understanding and creating a foundation for stronger defence ties.
— Sggp News

The coffee man with 100 stores
The Coffee House has already opened 100 stores in Vi?t Nam, the fastest growth rate among all coffee chains. Its founder, Nguy?n H?i Ninh, was included on the list of 30 under 30 by Forbes in 2017.
— Viet Nam News

Contest promotes tourism startup, innovation
The Vietnam Youth Union’s Supporting Centre for Youth’s Startup in collaboration with the Israeli Embassy in Vietnam organised the Startup Hunt contest from July 5 to August 29 to promote startup and innovation in tourism.

Forestry sector urged to fulfil exports goal of US$11 billion
The forestry sector has been demanded to take measures to achieve the exports target of US$11 billion for this year.

Mechanical engineering industry needs more Govt support for growth, experts say
The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution, officials and industry experts have said.
— Viet Nam News

Instagram FOMO could be why we have so many startups
Seeing many budding DIY entrepreneurs and popularity mongers on the social platform, one might have the illusion of being capable of starting something from scratch How many years has it been since Instagram became everyone’s favorite social media platform? I remember that it used to be a lousy filtered app that people were.
— e27

Vietnamese Generation Z seeks career mentoring on social media
Social media platforms have outpaced other channels including schools, friends and traditional media to become the leading source for job finding.
— The Hanoitimes

Cham Islands acts to eliminate plastic waste
The Cham Islands’ Marine Protected Area (MPA) management board, in cooperation with the International Union for Conservation of Nature (IUCN), has launched a new garbage sorting programme as part of efforts to reduce plastic waste in Vietnam.
— VietnamPlus

Hanoi proposes construction of third metro line
Hanoi City People’s Committee has just proposed the construction of the third metro project connecting Hanoi Station to Hoang Mai District.
— Vietnam Insider

Vietnam’s Pulitburo requires luring high-quality FDI
Disbursement of FDI projects totaled US$9.1 billion in the six-month period, representing an increase of nearly 8% year-on-year.
— The Hanoitimes

Hopes of strong realty earnings buoy VN stocks
Vietnamese shares posted slight gains on Friday, driven by large-cap real estate companies that are expecting good quarterly earnings reports.
— Viet Nam News

Study finds high rate of obesity among primary school students
HÀ NỘI A lack of physical activity and inappropriate diets are to blame for the high rate of obesity among primary school students, according to a new study by the National Institute of Nutrition.
— Viet Nam News

Vietnam, France look towards stronger defence partnership
Deputy Minister of National Defence, Senior Lieutenant General Nguyen Chi Vinh, led a high-ranking Vietnamese military delegation to visit France and co-chair the first Vietnam-France defence cooperation and strategy dialogue from July 1 to 4.

Vietnam Gambles on Workers’ Rights
In a desperate effort to tame rebellious workers, Vietnam is now building a collective bargaining regime. But empowering independent trade unions could backfire for the country’s authoritarian government — and allow workers to fight back against multinational capital.
— Jacobinmag

Vietnam included in Thai’s CP Foods US$1-billion investment plan
Vietnam is the third-biggest market for CP Foods, after Thailand and China.
— The Hanoitimes

Feature: Cultural beauty, economic value of Vietnam’s unofficial national flower bewitches onlookers
Dozens of Vietnamese and foreign people, mostly women were sitting on small boats or walking on bamboo bridges in the middle of a big pond full of pink lotus flowers in Vietnam’s capital Hanoi.
— Xinhua

Outbreaks of dengue infect over 70,800 people
The Ministry of Health said there were at least 70,800 dengue cases in the country by June.
— Sggp News

Armenian PM seeks to boost trade, investment ties with Vietnam
Armenian Prime Minister Nikol Pashinyan had a working session with some major Vietnamese businesses in Hanoi on July 6 to seek ways to facilitate bilateral trade and investment.

Hanoi takes coherent measures to improve air quality
Hanoi has simultaneously deployed projects to improve air quality such as those related to noise and dust prevention, project on treatment of hazardous waste.
— The Hanoitimes

Hanoi ends garbage crisis
Hanoi Urban Environment Company has mobilized personnel to collect garbage in the city`s urban districts during the night of July 5 and free the downtown from piles of garbage.
— The Hanoitimes

Northern and central region expect new heat wave
A western low-pressure area and the southwest wind will bring a new heat wave to the northern and central region, according to the National Centre for Hydro-meteorological Forecasting.
— Vietnam Insider

Expansion of Central Group in Vietnam hits road bumps
A Vietnamese official said Thursday that Central Group will stop sourcing garments within the country for 15 days as some local suppliers had not met regulations and commitments agreed, in a move to clarify the Thai retail conglomerate’s actions over the last few days.
— Vietnam Insider

African swine fever spreads to Vietnam’s southern Tay Ninh province
African swine fever (ASF) has hit Vietnam’s southern Tay Ninh province, Vietnam News Agency reported on Sunday.
— Xinhua

India investigates alleged steel dumping by Vietnam
India is investigating steel dumping allegations made against Vietnam and other countries by domestic producers.
— VnExpress

Vietnam wants to further boost legislative cooperation with China
The official visit of Chairwoman of the National Assembly (NA) Nguyen Thi Kim Ngan to China, starting July 8, demonstrates the importance that Vietnam attaches to the cooperation between the two countries’ legislative bodies.
— VietnamPlus

Lao Cai lures nearly 3 million tourists in six months
The northwestern mountainous province of Lao Cai, known for its picturesque mountains, rivers, waterfalls and rich culture of ethnic hill tribes, welcomed nearly 500,000 visitors each month in the first half of 2019.
— VietnamPlus


Feature photo LINCZ

This week’s Vietnam morning news feature photo focuses on Asean’s endangered species, here, the Delacour’s langur (Trachypithecus delacouri)


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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