Vietnam morning news for June 24

Vietnam morning news for June 24
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Vietnam morning newsVietnam Electricity Group sees after-tax rise
Vietnam Electricity Group (EVN) recorded VND6.817 trillion (USD293.13 million) in post-tax profits last year, a slight rise of 3.4% on-year.
— Vietnam Insider

Vietnam becomes fastest growing tourism market of Japan
Vietnam was the fastest growing tourism market of Japan with rise of 125.9 percent in 2018, according to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT)’s 2019 white paper on tourism that was released on June 21.
— Sggp News

Ministry greenlights Bamboo Airways’ fleet expansion
The Transport Ministry has approved in principle a proposal by private airline Bamboo Airways to expand its fleet to 30 aircraft by 2023.

Việt Nam has huge potential to develop renewable energy
Việt Nam has set lofty goals for renewable energy, targeting raising total production from 58 billion kWh in 2015 to 101 billion kWh in 2020, 186 billion kWh in 2030 and 452 billion kWh in 2050.
— Viet Nam News

Vietnam ready to join in building strong, resilient ASEAN: PM
Prime Minister Nguyen Xuan Phuc gave an interview to The Nation newspaper of Thailand while attending the 34th ASEAN Summit in Bangkok on June 22 and 23, highlighting Vietnam’s willingness to join other members to build a strong and resilient ASEAN.

HCM City eyes boost to collective sector
Local co-operatives need to mobilise capital from their members or co-operate with enterprise members to improve their production and trading, the HCM City Cooperative Alliance has said.
— Eleven Myanmar

Marubeni to build $115 mil instant coffee plant in Vietnam
Japan’s Marubeni Corporation has announced it will build a $115-million instant coffee production plant in the southern province of Ba Ria-Vung Tau.
— VnExpress

South China Sea situation worrisome: Vietnam PM
Despite progress in negotiations between Asean and China towards establishing a Code of Conduct (COC) for the contentious South China Sea, Vietnam’s Prime Minister Nguyen Xuan Phuc said on Saturday that the situation on the ground remained complicated.
— VnExpress

Vietnam PM tells Singapore’s Lee Cambodia invasion statement incorrect, offensive
Vietnam PM Nguyen Xuan Phuc has criticized Singapore PM Lee Hsien Loong’s recent comments about Vietnam’s role in the Khmer Rouge fight.
— VnExpress

Vietnamese firm fined for hiring illegal Chinese workers
A company in the northern province of Hai Duong has been fined VND135 million ($5,780) for hiring Chinese without work permits.
— VnExpress

Vietnam luxury travel guide: Five star hotels, gourmet restaurants and fun things to do
Prepare to lengthen your Asia bucket list with this luxe mini-guide to Vietnam’s hottest and most iconic experiences.
— Standard

100 arrested in Vietnam cockfighting busts
Around 100 people were arrested Saturday at two cockfighting events in the southern Vinh Long Province and the northern Hoa Binh.
— VnExpress

Vietnamese, Lao investment ministries enhance cooperation
The Ministries of Planning and Investment of Vietnam and Laos signed an agreement on bilateral cooperation for the 2019-2021 period during the talksp between the two ministers in Vientiane on June 22.
— VietnamPlus

Vietnam’s Cham Islands successfully protect biodiversity
Local fisherman Huynh Tan Loc now earns his living mostly from home-stay and food services or night-fishing on a boat rather than regular fishing.
— Eleven Myanmar

At Asanzo ‘manufacturing’ factory, Chinese parts are made into ‘Vietnamese’ products
As part of an exposé that discovered Asanzo Vietnam importing Chinese products and disguising them as locally made merchandise for sale, Tuoi Tre (Youth) newspaper witnessed first-hand the process of assembling China-imported parts into finished products labeled as “made in Vietnam with Japan technology” inside a ‘manufacturing’ plant of the electronics firm.
— Vietnam Insider

State asset management firm plans to set up bad debt exchange
The Vietnam Asset Management Company has announced plans to set up a bad debt trading floor in the next two years.
— VnExpress

Central region continues to suffer summer heat
Scorching heat is expected to continue in the central region for the next few days after hitting northern and central localities over the weekend.
— Viet Nam News

RI, Vietnam speed up EEZ delimitation
Indonesia and Vietnam have agreed to speed up maritime delimitation, while at the same time starting fresh talks to establish “provisional common guidelines” to prevent fishing incidents.
— The Jakarta Post

Ca Mau to spend 11.2 million USD on efficient farming models
The southernmost province of Ca Mau will mobilise more than 2.6 trillion VND (11.2 million USD) from the State budget and other sources to expand the use of efficient farming models this year, according to the province’s Farmers Association.
— VietnamPlus

Vietnam’s gold prices jump to six-year high on global surge
Gold traded above VND39 million (US$1,680) a tael in Vietnam on Friday, the highest level since June 2013, as the precious metal surpassed the key US$1,400 level for the first time in nearly six years in the global market.
— Vietnam Insider

Vietnam PM seeks quick movement on strategic partnership with Thailand
Vietnam’s Prime Minister Nguyen Xuan Phuc has called for early finalisation of the Plan of Action on Implementing the Vietnam- Thailand Strategic Partnership for the next five years, while mapping out key dimensions of bilateral relations.
— The Nation

Property market heats up in Binh Phuoc province
The property market in the southern province of Binh Phuoc is expected to heat up because of industrial zone planning from now to 2030, according to experts.
— VietnamPlus

Domestic property price to be stable in second half of 2019
The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts.
— VietnamPlus

LaoVietBank helps connect Vietnamese, Lao economies
The Lao Viet Joint Venture Bank (LaoVietBank) has become a bridge connecting the economies of Vietnam and Laos over the past years and a symbol of the bilateral special friendship, Lao Deputy Prime Minister and Minister of Finance Somdee Duangdee has said.
— VietnamPlus

Envoy: Taiwanese investors prefer Vietnam over PHL
Taiwanese investors prefer locating in Vietnam and Indonesia than in the Philippines, as labor cost in these two Southeast Asian economies are apparently more competitive, according to a diplomat.
— Business Mirror

Vietnam Electricty returns to profitability
Vietnam Electricity, the sole power distributor, has reported it was back in the black in 2018 after losing over $90 million in the previous year.
— VnExpress

Vinh Tan 2 solar power plant begins commercial operation
The Power Generation Joint Stock Corporation 3 under the Electricity of Vietnam (EVN) commenced commercial operation of Vinh Tan 2 solar power plant in Vinh Tan commune, Tuy Phong district, Binh Thuan province on June 22.

VN stocks predicted to progress slowly ahead of China-US talks at G20 summit
With the outcome of the US-China trade talks in focus this week, the Vietnamese stock market may move between positive and negative sessions while investors remain guarded.
— Viet Nam News

What role does big data play in the insurance industry?
Extracting massive volumes of relevant customer data will be integral in transforming the insurance industry A cloud-based infrastructure is now the norm for most insurance companies.
— e27

Robot used in remote diagnosis and treatment in Vietnam
The Children’s Hospital in Hai Phong City has launched a clinical trial simulation using a robot with the help of Korea’s Children’s Hospital.
— Eleven Myanmar

Explosive growth of Airbnb, home-sharing services in Vietnam
The Airbnb and home-sharing services have celebrated a new milestone with over 40, 804 active Airbnb listings in the country since the beginning of the year compared to around 1,000 in 2015, according to Homesharing Vietnam – Insights Report released by Outbox Consulting, a tourism development consulting firm at a meeting.
— Sggp News

Vietnam Cultural Day observed in Hamburg
The ‘Vietnam Tag’ Cultural Day was held in Hamburg, Germany on June 22, attracting numerous German tourists, researchers, students and Overseas Vietnamese expats in the city and its neighbouring areas.

Student-classroom ratio a challenge for HCM City schools
HCM City faces challenges in meeting the Ministry of Education and Training’s regulation on the maximum number of students in classrooms as enrolment continues to increase.
— Viet Nam News

Four Vietnam carriers get on board with plastic fight
Vietnam Airlines, Bamboo Airways, VietJet Air and Jetstar Pacific are planning to phase out single-use plastics off their flights.
— VnExpress

Vietnam, RoK hold first deputy PM economic dialogue
Deputy Prime Minister Vuong Dinh Hue and Deputy Prime Minister of the Republic of Korea (RoK) Hong Nam Ki co-chaired the first dialogue on economic cooperation at deputy prime minister level in Seoul on June 21.
— Sggp News


Feature photo loilamtan


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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