Vietnam morning news for July 3

Vietnam morning news for July 3
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Vietnam morning news

Vietnam among Asian countries shows strongest recovery signals in manufacturing
The purchasing managers indexes (PMIs) of Asian countries witnessed slight pumps despite the disparity of speed in June and Vietnam is within the group showing the most positive signals in manufacturing recovery, according to Bloomberg.
— Vietnam Times

Faster speeds seen after Vietnam internet cable repaired
Internet users in Vietnam, Cambodia, and Lao PDR should now be experiencing faster and more stable international internet services following the completion of repairs to the Asia Pacific Gateway (APG) undersea cable.
— AEC News Today

China conducts military drills in South China Sea, Vietnam protests
Vietnam’s foreign ministry has lodged a complaint with China over military drills in the South China Sea that it said were “detrimental” to Beijing’s relationship with the ASEAN.
— India Today

BIDV Securities Company (BSC) races to achieve stellar profit in 2020
At its recent annual meeting, BIDV Securities Company (HSX: BSC) has officially announced its plan to achieve pre-tax profit of VND86 billion ($3.74 million) for this year, with brokerage and margin lending activities envisaged to be the key revenue drivers.

Vietnam, US intensify exchange of experience in peacekeeping activities
Prior to the talks, Vinh hosted a reception for Daniel J. Kritenbrink, US Ambassador to Vietnam, who also joined the event.
— Vietnam Times

Vietjet’s 10 Airbus aircraft operating lease in 2019 honoured
The title is listed amongst the Annual Global Awards of the world prestigious aviation and aerospace finance industry magazine Airfinance Journal.
— Viet Nam News

Vietnam gov’t sticks to target to tame inflation at 4%
While the inflationary pressure, especially driven by hikes in prices of oil and food, devalues some currencies, Vietnam’s inflation target would remain unchanged.
— The Hanoitimes

EVN to accept payment for power bills via QR code
In September, EVN plans to announce the list of institutions which can provide QR code payment services for power bills.
— Viet Nam News

Fitch Solutions revises up Việt Nam’s 2020 GDP growth
Fitch Solutions have revised up its 2020 real GDP growth forecast for Việt Nam slightly to 3.0 per cent, from 2.8 per cent previously.
— Viet Nam News

Foreigner suspected to have Covid-19 in Ho Chi Minh city confirmed negative
The results were confirmed Thursday morning after Ho Chi Minh City Pasteur Institute, Vietnam’s leading epidemiology facility, conducted a Real Time Polymerase Chain Reaction (RT-PCR) and an Elisa test on the man’s samples.
— Vietnam Insider

Online trade exchange to promote exports of consumer goods to Japan
The Ministry of Industry and Trade and the ASEAN – Japan Centre (AJC) on Tuesday held an online trade promotion conference with to aim to increase exports of consumer goods to Japan.
— Viet Nam News

Vietnam’s economic growth may rebound to 5.5-7% in H2: UOB
UOB has trimmed their 2020 forecast for Vietnam to 3.5%, from 5.2% made earlier given the sharply weaker second-quarter performance.
— The Hanoitimes

Vietnam experiences highest unemployment for a decade due to Covid-19
As of June, 30.8 million people aged over 15 have been laid off, lost jobs or got fewer wages due to fewer work hours because of Covid-19, according to the Department of Employment.
— Vietnam Insider

Sacombank cardholders get special offers for ‘Red Sale Carnival’ at Vincom malls
Through July, on the occasion of ‘Red Sale Carnival’ at Vincom shopping malls, Sacombank credit card and international payment card holders will receive special offers when shopping at Vincom chain in Hà Nội and HCM City.
— Viet Nam News

VN aims to keep inflation under 4 per cent while maintaining growth
The PM insisted on the importance of keeping inflation under 4 per cent, an objective set by the National Assembly.
— Viet Nam News

See the world’s first gold-plated hotel in Vietnam
The 25-storey hotel is located on the bank of the Giang Vo Lake in the downtown Ba Dinh district of Hanoi.
— Gulf News

2,500 pigs imported from Thailand
The pigs were imported from Thailand to supplement the domestic market and repopulate herds.
— Viet Nam News

Zalo Bank not licensed by SBV and MoIT to provide online financial services
As of June, 30.8 million people aged over 15 have been laid off, lost jobs or got fewer wages due to fewer work hours because of Covid-19, according to the Department of Employment.
— Vietnam Insider

HCM City hosts 2020 Consumption Stimulus Fair
The HCM City Department of Industry and Trade will host the 2020 Consumption Stimulus Fair from July 2 to 5 on 19 Đào Trinh Nhất Street in Thủ Đức District.
— Viet Nam News

Gold prices ease after soaring
Local gold prices eased lightly yesterday after soaring to its 8.5 year highest near VNĐ50 million (US$2,168) per tael (1.2 ounce) on Wednesday. A same trend was reported in the global market.
— Viet Nam News

Locals displeased with cursoriness of Starbucks Vietnam in resolving thefts
Local consumers are dissatisfied with the spectacularly cursory actions Starbucks Vietnam has adopted to protect customers from theft in Vietnam.

National promotion month kicked off
The capital city of Hà Nội plans to organise 200 shopping stimulus events during the national promotion month.
— Viet Nam News

HCMC grants special entry permission for nearly 3,000 foreigners
Nearly 3,000 foreign experts, business managers and high-skilled workers have been granted special entry permission to work in HCMC since travel restrictions were applied.
— Vietnam Insider

More than 75 tonnes of lychee sold via MoMo
According to the firm, the first season of the programme with Saigon Co.op got better results than expected.
— Viet Nam News

European pharma group suggests Vietnam lead R&D hub in region
Vietnam’s healthcare sector has a unique opportunity to leapfrog development stages and transform itself into a leading country in ASEAN for high-quality healthcare in the next decade, Mathieu Fitoussi from the EuroCham Pharma Group said at the launching event of the 2020 Whitebook on June 30.
— Vietnam Insider

Improving business climate critical to post-pandemic growth
Barriers in the business environment must be removed to promote the development of private enterprises, which is considered a push for post-pandemic economic growth, experts said.
— Viet Nam News

Transport ministry considers reopening of international flight routes
The Ministry of Transport will consider the reopening of international flight routes to countries and territories with have no new cases of COVID-19 in the community for 30 consecutive days, according to a ministry official.
— Viet Nam News

EVFTA to come into effect in a month
The EVFTA will abolish 65 per cent of the duties on EU exports to its developing partner, with the remainder phased out over a 10-year period.
— Viet Nam News

Vietnamese lychees hit shelves in Singapore
Nearly 50 tonnes of lychee has been shipped to Singapore via Hải Phòng Port so far.
— Viet Nam News

SCIC sells shares at Khánh Hòa Seafood Export JSC
The State Capital Investment Corporation (SCIC) will sell its shares at the Khánh Hòa Seafood Export Joint Stock Company on July 22, 2020.
— Viet Nam News

Viber cuts business ties with Facebook
Rakuten Viber, one of the world’s leading free messaging apps, has announced it is cutting all business ties with Facebook and joining the growing #StopHateForProfit movement to boycott the US company.
— Viet Nam News

Muji will open its first store in Saigon
Muji, the Japanese household products and apparel chain retailer, will open its first store in a downtown Saigon commercial complex.
— Vietnam Insider

Footwear sector to improve supply chain to take advantage of EVFTA
Việt Nam’s leather and footwear industry should improve its supply chain performance to take advantage of the milestone trade deal that Việt Nam has signed with the EU and to recover from the effects of the COVID-19 crisis, speakers said on Tuesday at an international footwear conference.
— Viet Nam News

VN-Index rebounds, propped up by PMI data and interest cuts
Việt Nam’s benchmark VN-Index surged on Wednesday after a six-day losing streak as investor sentiment improved following solid data of PMI in June and steep cuts in interest rates of some banks.
— Viet Nam News

Hanoi strives to create ideal environment for innovative startups
In addition to supporting policies, Hanoi has also offered substantial measures to improve the business environment, including a focus on e-government development to save costs and time for enterprises.
— The Hanoitimes

Manufacturing output returns to growth in June
The Vietnamese manufacturing sector returned to growth in June as success in suppressing the coronavirus pandemic and greater business confidence helped lead to renewed expansions in output and new orders.
— Viet Nam News

WB finances higher education and urban development projects in Vietnam
The World Bank Board of Executive Directors approved to finance for two projects worth a total of US$422 million to help build a climate-resilient city in the Mekong Delta and enhance the quality of Vietnam’s three national universities.
— Vietnam Times

Standard Chartered supports Tecomen’s fight against COVID-19
Standard Chartered on Tuesday announced that Tecomen Joint Stock Company (Tecomen) has become the first company in Việt Nam to make a drawdown under the bank’s US$1 billion COVID-19 financing commitment. This is also the first such drawdown in ASEAN that the bank has announced.
— Viet Nam News

TikTok Business launched
TikTok, the leading destination for short-form mobile video, has recently introduced a new global platform called TikTok for Business, aiming to help brands tell their stories in a more creative and engaging way.
— Viet Nam News

PM asks ministries to ensure SME support policies
Prime Minister Nguyen Xuân Phúc has asked relevant ministries, localities and organisations to increase the enforcement of the Law on Supporting Small and Medium – Sized Enterprises (SMEs) to create favourable conditions for them to overcome the difficult time and develop their business.
— Viet Nam News

As FTA nears, VN and Israel raise hopes for deeper trade ties
The co-operative relations between Israel and Việt Nam are growing strong in all spheres, with the two countries currently negotiating the official signing of a bilateral free trade agreement (FTA).
— Viet Nam News

Zalo Bank not licensed by SBV and MoIT
The State Bank of Vietnam (SBV) and the Ministry of Industry and Trade have affirmed that they have not licensed Zalo Bank to provide online built-in financial services.
— Viet Nam News

Sabeco CEO bemoans tough six months
The COVID-19 pandemic has ravaged the domestic economy, downsizing the tourism sector and closing entertainment facilities where alcohol is consumed the most.
— Viet Nam News

VNDirect Securities eyes 5 per cent profit growth in 2020
Total revenue is forecast to gain 17 per cent on-year to VNĐ1.87 trillion.
— Viet Nam News



Feature photo Electronic portal of Hai Phong city
This week’s Vietnam morning news feature photo focus on
Asean’s frontline healthcare workers in the battle against COVID-19. 


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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