Vietnam morning news for December 11

Vietnam morning news for December 11

Vietnam morning news

Pragmatic & risk-averse: little change expected under Nguyen Phu Trong (video)
Vietnam’s top leadership positions, the general secretary of the Communist Party of Vietnam (CPV) and the president, are traditionally held by two different people.
— AEC News Today (video)

Hanoi grows 7.28% in 2016 – 2018
This would result in an expansion of the scale of the capital city’s economy, which is now 1.34 times larger than that of 2015.
— Hanoi Times

Top 500 largest enterprises in Việt Nam announced
Việt Nam’s private sector continued to show strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 per cent in the 2014-17 period.
— Viet Nam News

State budget collection forecast to surpass 60 billion USD in 2019
The National Assembly has issued a resolution on State budget estimates for 2019, in which total State budget collection will likely reach over 1.411 quadrillion VND (60.67 billion USD), while the total spending will hit more than 1.633 quadrillion VND.
— VNA Net

Vietnam set to be among world’s 10 fastest growing economies in 2019 amid trade war
It is expected that Asian economies with the closest ties to China to be hardest hit in the trade war.
— Hanoi Times

Nestlé promotes Vietnamese coffee with fam tour for foreign journalists
Nestlé Vietnam has organised a tour for international journalists to the Nescafé Plan sustainable coffee cultivation project in the Central Highlands provinces to learn about the process of creating clean and high-quality Vietnamese coffee beans in a closed value chain from farm to cup.
— BIZHUB

Foreign investors look to enter Vietnam’s petroleum market
The government is offering foreign investors opportunities to participate directly and indirectly in the petrol and fuel industry to improve the competitiveness and performance of domestic petrol firms.
— Hanoi Times

An alliance of 17 domestic taxi companies makes debut
An alliance of 17 domestic taxi companies with 12,000 vehicles launched Monday, aiming to compete with ride-hailing services company Grab.
— BIZHUB

ADB projects help boost inclusive tourism, health service delivery in Vietnam
The Second Greater Mekong Subregion (GMS) Tourism Infrastructure for Inclusive Growth Project will construct climate-resilient transport and urban infrastructure needed to boost tourist arrivals and tourism services investment in Hoa Binh, Nghe An, Quang Binh, Quang Tri, and Thua Thien-Hue provinces.
— Nhan Dan online

How close is Vietnam to the FTSE’s Secondary Emerging Market status?
In the last FTSE’s annual review published in September 2018, Vietnam was added to the watch list for possible upgrade to Secondary Emerging Market in the future.
— Vietnam Insider

HCM City prevents child abuse at kindergartens with city CCTV cameras
HCM City’s authorities are planning to install 315 cameras at local kindergartens at the cost of VND3.2bn (USD137,000) to prevent child abuse.
— Viet Nam Net

ADB helps Vietnam boost inclusive tourism in secondary towns
The Asian Development Bank (ADB) said on December 10 that it had approved a 45 million USD loan to help Vietnam transform secondary towns into more economically inclusive, competitive tourism destinations.
— Vietnam+

Foreign partners want to “swallow breweries whole’
More than 90 percent of the beer market share is now in the hands of the ‘big four’ – Sabeco, Habeco, Heineken and Carlsberg.
— Viet Nam Net

Vietnam Airlines welcome 7 millionth international passenger to HCM City
Vietnam Airlines and HCM City’s Department of Tourism on Monday received the 7 millionth international visitor to HCM City this year at Tân Sơn Nhất International Airport.
— Viet Nam News

Aviation market records stable growth
The number of passengers going through Vietnamese airports is estimated to hit 106 million by the end of this year, a rise of 12.9 percent year-on-year, according to the Civil Aviation Authority of Vietnam (CAAV).
— Vietnam+

PetroVietnam surpasses production targets in 11 months
The Việt Nam National Oil and Gas Group (PetroVietnam) has reported oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4 per cent and fulfilling 96.8 per cent of its yearly plan.
— Viet Nam News

Vietnam’s 17 major taxi companies team up to compete with Grab
To compete with Grab in terms of technology, the alliance is operated based on the EMDDI ride-hailing application, which was developed by a group of programmers from Vietnam National University.
— Hanoi Times

Vân Đồn International Airport meets requirements for open in December
The first private airport in Việt Nam had met all required standards and was ready to be put into operation as scheduled in December, according to the State Check and Acceptance Board.
— Viet Nam News

HCM City suffers huge parking fees losses
HCM City has been losing billions of dong every month in car parking fees since it began collecting them through an app last August, according to its Department of Transport.
— Viet Nam Net

Vietnam solar power investment rush poses an overload risk
The investment rush in solar energy could end up testing Vietnam’s weak power infrastructure, experts say. They say that both transmission capacity and the ability of grids to absorb the energy produced by new projects are suspect, as of now. The 9.35 U.S. cents per kWh Feed in Tariff (FIT) for solar power in Vietnam has sparked an investment rush.
— Retail News Asia

Top legislator’s RoK visit – important milestone in bilateral ties
The official visit to the Republic of Korea (RoK) made by National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan from December 4-7 was described by Korean leaders as an important milestone in the fine Vietnam-RoK relations.
— Viet Nam Net

Việt Nam an FDI magnet in Southeast Asia: experts
Việt Nam is among the few ASEAN member countries to consistently improve its attractiveness to foreign investors due to its growing economy and improving business climate, experts have said.
— Viet Nam News

Hanoi considers cleaning up To Lich – again
The Hanoi-based Phuong Bac Infrastructure JSC has sent a dispatch to Hanoi’s agencies suggesting a solution to upgrade To Lich River.
— Viet Nam Net

VN to reduce pepper area to focus on quality
The pepper industry plans to reduce the area under the spice and focus on improving quality to ensure long-term growth, according to the Ministry of Agricultural and Rural Development.
— Viet Nam News

AirAsia Vietnam to begin operations in August next year
The Vietnam partner of AirAsia Group Bhd expects their new carrier to begin operations in August, joining the ranks of low-cost airlines in Southeast Asia as a growing middle class spurs many to travel by air.
— New Straits Times

Vietnam has massive potential for EU businesses: Greek diplomat
Deputy Foreign Minister of Greece Terens – Nikolaos Quick on December 10 said Vietnam possesses massive potential for European Union (EU) exporters and investors to do business, both now and in the future.
— Vietnam+

Vietnam food delivery hotting up
The Vietnamese delivery market, especially food, is at a year long high with many new businesses and services profiting.
— Viet Nam Net

Prosecutors demand life sentence for former Dong A Bank chief
The HCM City People’s Procuracy on Friday sought life imprisonment for Tran Phuong Binh, former general director and vice chairman of Dong A Bank for “abusing power to appropriate assets,”
— Viet Nam Net

Vietnam spares no efforts to protect, promote human rights: Deputy PM
Rising from wars, Vietnam has made continuous efforts to build a socialist state with the rule of law, which is of the people, by the people and for the people, Deputy Prime Minister and Foreign Minister Pham Binh Minh has affirmed.
— Viet Nam Net

Starbucks Vietnam continues to make a profit though its network has expanded slowly and its prices remain high.
Starbucks Vietnam continues to make a profit though its network has expanded slowly and its prices remain high.
— Viet Nam Net

Vietnam has massive potential for EU businesses: Greek diplomat
Deputy Foreign Minister of Greece Terens – Nikolaos Quick on December 10 said Vietnam possesses massive potential for European Union (EU) exporters and investors to do business, both now and in the future.
— Vietnam+

Water-bus services prove popular in HCM City
The city’s water buses provided services to about 900,000 passengers in the first 11 months of the year, up by 155 per cent compared with the same period last year, according to the HCM City Department of Transport.
— Viet Nam Net

Start-ups embrace logistics sector
The logistics sector has been the bottleneck for Việt Nam’s economic development, but offers plentiful opportunities for local startup companies with the application of technologies.
— Viet Nam News

HCM City to build 6 underground reservoirs to control floods
The Ho Chi Minh City government will commence a project to build six underground water reservoirs and one ground reservoir in January 2019 as part of its flood control efforts.
— Viet Nam Net

PV Oil to sell State’s stake
PetroVietnam Oil Corporation (PV Oil), the second-largest petrol dealer in the country, will sell the State’s stake in a package deal instead of splitting it into different small sales, news site ndh.vn reported.
— Viet Nam News

Foreign investors look to enter Vietnam’s petroleum market
The government is offering foreign investors opportunities to participate directly and indirectly in the petrol and fuel industry to improve the competitiveness and performance of domestic petrol firms.
— Viet Nam Net

Best places to visit in December in Vietnam
Moc Chau, Nghe An, Ta Xua, Da Lat, to name a few, are some of best destinations to visit this December for young travelers.
— Viet Nam Net

Leipzig opens office in HCM City
The city of Leipzig has become the first German locality to open a representative office in Việt Nam, strengthening the trade and investment partnership between Germany and Việt Nam and connecting businesses of the two nations, according to the German Business Association in Việt Nam.
— Viet Nam News

Cherry blossom festival to return to Pa Khoang, Dien Bien
The cherry blossom festival will return to Pa Khoang commune, Dien Bien district, the northwestern province of Dien Bien for the second time from January 11 – 13, 2019.
— Vietnam+

Comprehensive plan needed to prevent flooding in HCM City
HCM City needs up to VND73 trillion (US$3.15 billion) for flood prevention projects by 2020, according to its Department of Planning and Investment.
— Viet Nam Net

 

Feature photo Front line Defenders

This week’s Vietnam morning news feature photo acknowledges Human Rights Day, December 10.

 

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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