Vietnam morning news for June 14

Vietnam morning news for June 14
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Vietnam morning newsVietnam creates optimal conditions for foreign investors: NA leader
Vietnam is willing to create favourable conditions for foreign companies, including those from the US, to invest and expand business and production in the country, said Vice Chairman of the National Assembly Phung Quoc Hien.

Ministry issues ICT reference framework for smart city development
The ICT (information and communication technology) reference framework for the development of smart cities (version 1.0) has been issued by the Ministry of Information and Communications as a basis for localities and businesses to develop smart city projects.
— Viet Nam News

Vietnam’s auto sales increase 22 pct in 5 months
Vietnam’s total automobile sales grew 22 percent on-year to 126,646 units in the first five months of this year, the Vietnam Automobile Manufacturers Association said on Thursday.
— Xinhua

Vietnam’s Visas and Work Permit Procedures
Vietnam’s visa and work permit procedures, though simple can be cumbersome for first time visitors. Vietnam Briefing explains the steps and what foreigners should be aware of if planning a long-term visit.
— Vietnam Briefing

Vietnam’s former top shipbuilding officials get 6-17 years in prison
Three former top officials of state shipbuilding giant Vinashin will be jailed for appropriating illegal excess interest payments from OceanBank.
— Vietnam Insider

Business environment improves following Government’s Resolution 02
The implementation of the Government’s Resolution 02/NQ-CP issued early this year has brought about improvements in the business environment, heard a working session on the impacts of the document held on June 12 under the chair of Deputy Prime Minister Vu Duc Dam.
— VietnamPlus

Seaport infrastructure and logistics exhibition opens in Ho Chi Minh City
The first-ever exhibition on seaport infrastructure and logistics known as VIPILEC opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on June 12.

Housing projects in Vietnam set to see more ministry inspections
Vietnam’s Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister Trinh Dinh Dung said at a National Assembly (NA) question and answer session last week.
— The Phnom Penh Post

German Investment in ASEAN Part V: Thailand and Vietnam
The ten member states of the Association of Southeast Asian Nations (ASEAN) have seen a steady inflow of German investment in recent years. Current trends are expected to continue in the coming years.
— Asean Briefing

Việt Nam needs legal framework for e-government
Nguyễn Tuấn Anh, a standing member of the National Assembly Committee on Science, Technology and Environment, talks to Vietnam News Agency about how to make best use of e-government to speed up administrative reform.
— Viet Nam news

Southern provinces set to suffer power shortage
Delays in many electricity projects threaten the south of Vietnam with power shortages next year, the industry ministry says.
— VnExpress

Van Don Economic Zone needs 358.2 million USD for infrastructure
The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusion on the development of Van Don Economic Zone (EZ) that would require more than 8.35 trillion VND (358.2 million USD) to expand its infrastructure by 2030.
— VietnamPlus

Vietnam is an important partner of Australia, says top diplomat
Vietnam is an important partner of Australia in the region, Australian Minister for Foreign Affairs Senator Marise Payne said at a meeting with Minister of National Defence Gen. Ngo Xuan Lich in Hanoi on June 12.
— Sggp News

Vietnam becoming safer but drowning still a concern
Vietnam has climbed up a global safety index, but drowning remains a major threat in a country that has nearly 3,300 km of coastline.
— VnExpress

Innovative methods could transform Vietnam’s robusta farms into carbon sinks
Coffee is one of Vietnam’s most important agricultural products, a crop that grows so well in the country’s Central Highlands that it has become the world’s second-largest coffee producer.
— Mongabay

Local governments have become more transparent
Local governments have become more transparent with how they spend public money, but more needs to be done, according to a report.
— VietnamPlus

World Bank offers new credit to develop urban centres
The World Bank Board of Executive Directors yesterday approved a US$194.36 million credit to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning.
— Viet Nam News

Fourth denims & jeans show opens in HCM City
The Vietnam Show returned to Ho Chi Minh City in its 4th edition on June 12, with over 40 garment and textile firms and visitors from 10 countries and territories like China, Japan, the US, the EU and Singapore taking part in.
— VietnamPlus

Indian electronics manufacturers asked the government to ban imports of televisions from Vietnam
The electronics manufacturing industry has asked the government to immediately ban imports of televisions from Vietnam, which saw a 25-times jump to Rs 1,500 crore within the last one year, and called for changes in the import duty structure. Anandita Singh Mankotia reports on India Times
— Vietnam Insider

Vietnam attaches importance to enhancing extensive cooperation with RoK: PM
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam always attaches importance to strengthening extensive cooperation with the Republic of Korea (RoK), and wishes to work closely with the RoK side to unceasingly developing bilateral strategic cooperative partnership to new heights.

Vietnam Ophthalmology Market will be driven by Increasing Number of Hospitals coupled with Technological Advancement in Eye Surgeries
Increasing preference of Multi-Specialty Hospital coupled with Growth in the Number of Ophthalmologists has driven the Ophthalmology Market in Vietnam.
— Vietnam Insider

Half of Vietnam’s provinces fail to get average score in budget transparency ranking
The report on Provincial Open Budget Index (POBI) was first made public in 2017 to assess the transparency level in the management of provincial budget nationwide.
— The Hanoitimes

Large FDI inflows to make Việt Nam among APAC’s fastest growing economies
Positive changes to Việt Nam’s macroeconomy have been recognised by international rating organisations, with the latest sovereign upgrade announced by Fitch Ratings last month.
— Viet Nam News

Ministry issues guidelines for smart city building
The ICT (information and communication technology) reference framework for the development of smart cities (version 1.0) has been issued by the Ministry of Information and Communications as a basis for localities and businesses to develop smart city projects.
— VietnamPlus

SBV to remove daily transaction cap for e-wallets
The State Bank of Vietnam plans to scrap the VND20 million ($856) daily transaction limit for e-wallet users, only retaining a monthly cap.
— VnExpress

First port, infrastructure, logistics exhibition opens in HCM City
The first Việt Nam International Port, Infrastructure and Logistics Exhibition & Conference (VIPILEC 2019) opened in HCM City yesterday with the participation of 100 exhibitors from 15 countries and territories.
— Viet Nam News

Vietnam field developments driven by internationals
Most of the oil and gas field development activity in Vietnam is being driven by international oil companies, while the joint operating companies busy themselves with their producing fields, writes Russell Searancke. Japan’s Idemitsu Kosan is the operator of the most advanced project,
— UpStream Online

Mobile phone and spare part imports hit US$4.91 billion
In the first five months of the year, total imports of the products were worth $4.91 billion, a 3.9 per cent year-on-year decrease.
— Viet Nam News

Germany helps improve Vietnam’s SMEs via innovation programmeBerlin
The Central Innovation Programme for Small- and Medium-sized Enterprises (SMEs), also known as ZIM, was introduced to Vietnamese and German firms and organisations at a workshop in Berlin on June 12.
— VietnamPlus

Firms seek opportunities at AEON supplier conference in Hà Nội
Established in 2011, AEON Vietnam operates in four business segments, including general stores, speciality stores, shopping malls and e-commerce.
— Viet Nam News

Unicorns scarce in Vietnam’s bustling startup scene
Vietnam’s bustling startup scene has just one unicorn, defined as a privately-owned startup company worth at least $1 billion.
— VnExpress

Advanced technologies needed to deal with waste problems
Selecting a waste treatment model suitable for Việt Nam’s development conditions remains a challenge for local authorities, a government official said yesterday (June 12) at a seminar in HCM City.
— Viet Nam News

VN’s textile industry strives to find new markets
Việt Nam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent.
— Viet Nam News

Central province approves hi-tech farming project
Quảng Ngãi High-Tech Agricultural Joint Stock Co under Trần Việt Group got approval in principal from the Quảng Ngãi People’s Committee to develop a hi-tech farming project in the locality.
— Viet Nam News

Building material prices on the rise
The cost of building materials has been on the rise due to increasing electricity tariffs at the peak time for construction.
— Viet Nam News

Hanoi GRDP grows 7.21% in H1
Hanoi retained the lead with highest portion of FDI attraction nationwide during the period, posting US$5.3 billion.
— The Hanoitimes

Vietnam AutoExpo 2019 under-way in Hà Nội
The 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) is taking place in Hà Nội with the participation of nearly 200 exhibitors.
— Viet Nam News

Diversified investment options to help give Vietnam market status upgrade
The introduction of covered warrants and government bond future contracts are expected to help Vietnam garner an MSCI Inc. upgrade to emerging-market status from its current frontier level, Bloomberg reported.
— The Hanoitimes


Feature photo Vietnam Red Cross Society

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


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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