Vietnam morning news for September 5

Vietnam morning news for September 5

Vietnam morning news

Vietnam’s MoT proposes to buy back all non-State stake in Airports Corporation
Vietnam’s Ministry of Transport has proposed to buy back close to 4.5 per cent stake, that’s currently not owned by the state, in Airports Corporation of Vietnam (ACV), local media reported.
— DealStreetAsia

Philippines hits Vietnam with new tariffs on cement imports
A surge in cement imports, mainly from Vietnam, has prompted the Philippine government to impose tariffs on the construction material, as it seeks to protect domestic industry from cheaper competition.
— Nikkei Asian Review (paywall)

Vietnam Airlines gets USA air carrier permit
Vietnam Airlines has been awarded a foreign air carrier permit from the US Department of Transportation, a regulatory filing shows.
— Flight Global

‘New fraud opportunity’: Expert lambasts new Vietnam-Malaysia halal certification centre
An industry expert has voiced criticism over the newly-established Vietnam-Malaysia halal certification centre, saying that this could potentially open up the local food industry to more food safety and food fraud issues.
— Food Navigator

Government Incentives for SMEs in Vietnam – 2 New Circulars
The government recently issued two regulations to help and incentivize small and medium-sized enterprises (SMEs): Circular No 06/2019/TT/BKHDT on the network of consultants for SMEs and Circular No 05/2019/TT/BKHDT on subsidies for training courses for women-owned SMEs went into effect May 12.
— Vietnam Briefing

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Việt Nam keen to modernise the shipping industry
Việt Nam is currently making efforts to modernise shipbuilding and the shipping industry to increase quality with reasonable cost, save energy and minimise pollution.
— Viet Nam News

Campaign launched to collect businesses’ recommendations for economic policies
The Party Central Committee’s Economic Commission in collaboration with relevant agencies on September 3 launched a campaign urging enterprises and entrepreneurs to give their opinions on improving policies and mechanisms for economic development.

Vietnamese export products face stricter non-tariff barriers in EU
Việt Nam’s agricultural products need to meet the stricter requirements applied by the EU from September 1, 2019, to promote exports to this market as well as others, according to the Ministry of Agriculture and Rural Development (MARD).
— Viet Nam News

Hanoi pushes for investments in industrial parks
Hanoi’s Department of Industry and Trade would cooperate with local government agencies to promote investment in industrial parks, laying the foundation for industrial development in the capital, according to Le Hong Thang, director of the municipal department.
— The Hanoitimes

Việt Nam’s PMI falls to 51.4 in August
The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but falling from 52.6 in July to signal a weaker overall improvement in business conditions.
— Viet Nam News

ASEAN-China-UNDP symposium on sustainable development goals, poverty reduction opens in Vietnam
An ASEAN-China-UNDP symposium “Innovation in Achieving the Sustainable Development Goals and Eradicating Poverty” kicked off here on Wednesday.
— Xinhuanet

US-China trade war spoils go to FDI firms
Vietnamese firms are not benefiting as expected from the U.S-China trade war because foreign firms are reaping all the export fruits.
— VnExpress

Vietnam takes over as chair of ASEAN Young Entrepreneurs Association
Vietnam has taken over the chairmanship of the ASEAN Young Entrepreneurs Association in 2020 from Thailand.

Vietnam cybersecurity market to reach USD$215 million
The cybersecurity market in Vietnam is expected to reach USD$215 million in terms of revenue by the year ending 2023, according to new figures from Ken Research.
— Security Brief

Vietnam targets greater oil cooperation with Kuwait
The US$9-billion Nghi Son Oil Refinery project is a symbol of successful cooperation between Vietnam, Kuwait and Japan.
— The Hanoitimes

Chinese construction expo opens in Vietnam
The 2019 China Building Brand Show (Vietnam), hosted by the Chinese Ministry of Commerce, kicked off here on Wednesday, featuring 43 Chinese companies.
— Xinhuanet

Land market an urgent requirement in Vietnam
Vietnam was urged to complete the land market to meet requirements and ensure development, experts said.
— The Phnom Penh Post

Investment in startups up 48 pct
Investment in Vietnamese startups in the first half of the year rose 48 percent year-on-year to reach $246 million with South Korea the top investor.
— VnExpress

No monopoly in stainless steel market: MoIT
The anti-dumping duties imposed on stainless steel has not created a monopoly in the market, said the Ministry of Industry and Trade (MoIT).
— Viet Nam News

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Vietnam on track to meet 2019 growth target: PM
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam will be able to meet this year’s growth target of 6.6-6.8%, citing positive economic data in the past eight months.

Vietjet opens a new ticket office in HCM City
The new ticket office with downtown check-in service is expected to help reduce the overload at airport check-in counters, especially at Tân Sơn Nhất airport, bringing benefits not only for passengers but also for ground service companies, airport security, cargo and shipping units, the airline said.
— Viet Nam News

Gov’t should buy back shares from ACV’s foreign shareholders: MoT
The Ministry of Transport (MoT) has proposed the Government buy back foreign-owned shares in the Airport Corporation of Vietnam (ACV) to ensure airports are operated properly.
— Viet Nam News

FDI disbursement up despite a decline in capital inflow
Among 103 countries and territories investing in Việt Nam, statistics showed that Hong Kong remained to be the largest foreign investor in the eight-month period, pouring in nearly $5.63 billion, accounting for 25 per cent of the total FDI pledged in the country.
— Viet Nam News

Việt Nam to enhance management of e-commerce activities
The Ministry of Finance is building a draft scheme on the management of e-commerce activities for imports and exports.
— Viet Nam News

Petrolimex reports increase in profits
Petrolimex, Vietnam’s biggest petroleum retailer, has reported an 8 percent year-on-year increase in pre-tax profits in the first 6 months.
— VnExpress

Binh Duong, Dong Nai prioritise high-tech projects
The southern provinces of Binh Duong and Dong Nai have given top priority to projects with high added value and rolled out the red carpet for investors with technological breakthroughs.
— VietnamPlus

Thai firm to expand power plants to VN
Besides Việt Nam, Gulf also wants to develop a power plant in Laos.
— Viet Nam News

VN stocks fall as worries over potential risks increase
Vietnamese shares declined on Wednesday morning, dragged by the banking and realty sectors as investors worried about increasing risks.
— Viet Nam News

Shares decline after holiday due to investors’ vigilance
Shares declined on Tuesday because of cautious sentiment after the holiday season and escalation of the US-China trade war.
— Viet Nam News

G-bond auctions raise more than 466 million USD in August
The State Treasury raised close to 10.85 trillion VND (466.5 million USD) via 13 auctions of Government bonds (G-bonds) at the Hanoi Stock Exchange (HNX) in August.
— VietnamPlus

Raising awareness of intellectual property as EVFTA takes effect
One of the aspects covered under the Vietnam-European Union Free Trade Agreement (EVFTA) is intellectual property (IP), which is expected to have significant impacts and bring about many opportunities and challenges.

Credit funds to lend helping hand to SMEs
The firms enjoying the credit guarantee funds also includes the SMEs who suffer losses of finance and assets caused by natural disasters and those who go bankrupt in accordance with current law.
— Viet Nam News

Former ministers admit to taking hefty bribes in pay TV acquisition case
Two former ministers and executives of MobiFone took millions of dollar in bribes from AVG`s former chairman.
— The Hanoitimes

Bronze cannon dating back to feudal era introduced to public
During the fight against the French colonial empire, the Nguyen Dynasty (1802-1945) put into the battle bronze cannons, with many of them being lost to the enemy. Such a cannon was unearthed on a beach in Lien Chieu district and exhibited in Dien Hai citadel, drawing attention of both locals and visitors.
— VietnamPlus

Chinese firm invests in $50m factory in Bình Phước
Once operational, it is expected to create jobs for 3,000-4,000 local labourers.
— Viet Nam News

Vingroup buys out new retail stores
Retailer Vinmart has acquired supermarket chain Queenland Mart, the company announced on its Facebook fanpage last week.
— Viet Nam News

Vietnam attends ASEAN US naval exercise in Thailand
Navies from Vietnam and other member countries of the Association of Southeast Asian Nations (ASEAN) are participating in the first ASEAN-US Maritime Exercise that is taking place from September 2-6 in the Gulf of Thailand and off Vietnam’s southern Ca Mau province.
— VietnamPlus

Hanoi fire re-exposes major risk management shortcomings in Vietnam
Near Bien Hoa airport, I’ve met citizens anguished that they were not informed of dioxin dangers at the most contaminated spot in the world for 40 years.
— VnExpress

Seoul tourism promoted in Hanoi
The tourism agency of Seoul held an event in Hanoi on September 3 to promote the capital city of the Republic of Korea (RoK) to Vietnamese travellers, with the participation of Korean firms and 130 travel and aviation enterprises of Vietnam.
— VietnamPlus

Foreign visitors up almost 9% in first eight months of 2019
Việt Nam welcomed 11.3 million foreign visitors in the first eight months of this year, during which the highest growth rate was seen in visitors from Asian countries and territories, especially South Korea, Thailand and Taiwan.
— Viet Nam News



Feature photo WorldKings

This week’s Vietnam morning news feature photo focus on Vietnam National Day, September 2.


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).


About Vietnam morning news.

Vietnam morning news roundup is the most comprehensive hand-curated selection of Vietnam English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Vietnam English language news today.

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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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