Vietnam Morning News For June 10

Vietnam’s state budget records surplus of US$3.35 billion YTD
The budget revenue collection in May reached VND110.2 trillion (US$4.74 billion), accumulating to VND628 trillion (US$27.03 billion) in the January – May period, up 13% year-on-year.
— The Hanoitimes

US to investigate Vietnam ‘shrimp king’ for anti-dumping tax evasion
Minh Phu Seafood JSC, one of Vietnam’s biggest shrimp processors, is suspected of selling imported Indian shrimp to evade anti-dumping
— VnExpress

HCM City to get electric bus rapid transit system
Three memorandums of understanding (MoUs) were signed on June 7 in HCM City for setting up an electric BRT (bus rapid transit) system.
— Sggp News

Vietnamese enterprises seeks export opportunities in China
Forty Vietnamese enterprises will join a business trip to explore export opportunities in the Chinese cities of Nanning and Kunming from June 10-13, the Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade has announced.
— VietnamPlus

HCMC earmarks $7 million to fight illegal sand mining
The southern metropolis will arm its border guards with hi-tech equipment worth VND165 billion ($7 million) to detect and deter illegal sand mining.
— VnExpress

UV reaches dangerous levels in Hà Nội, HCM City
Northern and central provinces would continue to experience prolonged hot weather due to a low pressure system, the National Centre for Hydro-Meteorological Forecasting has said.
— Vietnam Insider

Minister says rules for condotels, officetels coming this year
Minister of Construction Pham Hong Ha said at the meeting of the National Assembly early this week that his ministry and the Ministry of Natural Resources would complete regulations relating to condotel and officetel this year.
— Sggp News

Aquatic product exports hit US$3.2 billion in five months
The aquatic export turnover was estimated at VND3.2 billion in the first five months of 2019, a year-on-year decline of 1.7 percent, according the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development.
— NDO

44 years after war with US, Vietnam has an all-women team searching for unexploded bombs
Wearing a khaki uniform and desert boots, Nguyen Thi Thuy ties her hair in a ponytail and tucks it under her jungle hat. She steps out on to a bare plot of land with a metal detector, bucket and small spade in hand.
— South China Morning Post

Vietnamese citizens to have electronic medical records by the end of this year
The Ministry of Health (MoH) has been piloting a software which compiles citizens’ medical records into one electronic database at 26 communal medical centres in Hà Nội, HCM City, Lào Cai, Yên Bái, Hà Tĩnh, Khánh Hoà, Lâm Đồng and Long An since June, 2018.
— Viet Nam Net

Sharp moves PC production from China to Vietnam
Electronics maker Sharp is planning to shift production of personal computers from China to Vietnam for shipment to the United States. The move comes amid intensifying trade friction between Washington and Beijing.
— Vietnam Insider

KAL flies to Dalat in Vietnam
Korean Air launched a new service at the weekend flying to Vietnam’s highland town of Dalat.
— TTR Weekly

Vietnam economy to grow at 6.7%: Report
The Vietnamese economy is expected to grow at around 6.7 percent this year, the fastest rate in Southeast Asia, according to the Institute of Chartered Accountants in England and Wales’ recent Economic Insight: South East Asia report.
— The Jakarta Post

Vietnam could emerge as developed economy: expert
The prolonging trade war between the US and China makes it easier for Vietnam to continue its upward trajectory toward becoming a developed economy, Bennett Murray recently wrote on the ‘Foreign Policy’ paper.
— VietnamPlus

On Vietnam, Trump adds insult to injury
The June 6 news article “Trump on Vietnam: He’d have been ‘honored’ to serve” quoted President Trump as saying, regarding his lack of service, “But I think I make up for it right now . . . because we’re rebuilding our military at a level that it’s never seen before.”
— Washington Post

Vietnam affinity for fashion drives strong Zara sales
Zara’s revenues zoomed to VND 1.7 trillion ($73 million) last year, six times the 2016 figure, thanks to the Vietnamese fondness for fast fashion.
— VnExpress

India media expects Vietnam to reshuffle UNSC’s dynamics
Vietnam has been elected as a non-permanent member of the United Nations Security Council (UNSC) for the 2020-2021 term in an election that could reshuffle the body’ dynamics, reported the Indian-based private news agency IANS.
— NDO

Vietnam is using banana leaves to wrap vegetables instead of plastic
Several markets in Vietnam are using banana leaves to wrap vegetables instead of plastic.
— Wset

SK Group to chip in US$30 mln for tech innovation center in Hanoi
SK Group, South Korea’s third-largest conglomerate, said Sunday it will provide US$30 million to support the building of Vietnam’s tech innovation center.
— YNA

Vietnam Reaps the Benefits of US–China Trade War
The escalating trade war between the world’s two largest economies has turned into a boon for countries such as Vietnam, as companies increasingly switch to alternative suppliers.
— The Epoch Times

First Vietnam Venture Summit to be held in Hanoi
The Vietnam Venture Summit 2019, the first of its kind, will take place in Hanoi on June 10, providing a dialogue platform between the Vietnamese government and major international venture funds.
— NDO

Art exchange programme promotes Vietnam-US friendship
The US Air Force Band “Final Approach” staged nearly 20 stellar art performance items at an exchange with the Thai Nguyen University in the northern province of Thai Nguyen on June 8.
— VietnamPlus

Bac Giang’s Luc Ngan Lychee Week 2019 opens in Hanoi
The Ministry of Agriculture and Rural Development in coordination with the People’s Committee of Bac Giang province launched the Luc Ngan Lychee Week 2019 in Hanoi on the afternoon of June 7.
— NDO

Ministry proposes toll hike on low-traffic BOT roads
The Ministry of Transport has proposed a toll hike for 37 build-operate-transfer projects that are receiving lower traffic than contract estimates.
— VnExpress

AI applied in finance, medical, education, traffic in Vietnam
In Vietnam, technology leading firms have applied artificial intelligence in different fields such as finance, medical, education and trafic, said AI experts.
— Sggp News

Hanoi among best cities for architecture lovers
While beaches and mountains offer great sceneries and escape from everyday life, some people are just drawn to cities and their buildings.
— The Hanoitimes

Vietnam Festival 2019 begins in Japan
The Vietnam Festival 2019 in Japan opened in Tokyo on June 8, seeing the attendance of Akie Abe, spouse of Prime Minister Shinzo Abe, Natsuo Yamaguchi, President of the Komeito Party, officials from the Japanese government, representatives of businesses, and people of the two countries.
— NDO

Vietnam ready to act as bride to connect EAEU, ASEAN: official
Vietnam, as an active ASEAN member and the first nation to sign a free trade agreement with the Eurasian Economic Union (EAEU), is willing to work as a bridge to help the EAEU and Russia to expand trade and investment ties with the ASEAN, a Vietnamese trade official said.
— VietnamPlus

Upcoming debt maturity puts Vietnam under growing repayment pressure
Vietnam’s graduation from the International Development Association (IDA), the World Bank’s fund for low income countries, in 2017 has led to less favorable loan terms
— The Hanoitimes

PM: Vietnam ready to contribute to int’l efforts for peace, security
Prime Minister Nguyen Xuan Phuc has written an article entitled “Partnership for sustainable peace: Vietnam stands ready to make active contributions to international efforts for global peace, security, development and progress” after Vietnam was elected as a non-permanent member of the United Nations Security Council (UNSC) for the 2020-2021 tenure.
— VietnamPlus

Choose Vietnam when you look East, PM tells Italian businesses
Vietnam, a country with nearly 100 million people, is a dynamic economy and is an active member of the ASEAN community whose GDP reaches nearly a combined US$3 trillion.
— The Hanoitimes

Cargo of N. Korean Coal Adrift Near Vietnam
A vessel loaded with $3 million worth of North Korean coal is now floating off Vietnam’s coast, searching for a place to dock.
— VOA

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This week’s Vietnam morning news photo features World Blood donor Day, June 14.

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