Vietnam morning news for December 25

Vietnam morning news for December 25

Vietnam morning news67 fintech companies compete for Vietnam’s US$4.4-billion market
Two thirds of Vietnamese fintech firms are providing payment services for customers through online payment apps.
— Viet Nam Net

Air fares rise ahead of Tết holiday
Travellers preparing for the Tết (Lunar New Year) holiday are facing higher fares and a shortage of tickets, with some flyers having to book late evening flights, or book early or late, to save money on domestic routes.
— Viet Nam News

Forestry exports rise by 16 percent in 2018
Vietnam earns more than 9.3 billion USD from the export of forestry products in 2018, up 15.9 percent from last year, according to the Vietnam Administration of Forestry (VNFOREST).

Dragon fruit prices rise sharply
Dragon fruit prices at Chợ Gạo Dragon Fruit Co-operative in the southern province of Tiền Giang are increasing sharply during the Christmas period, bringing profits for farmers.
— Viet Nam News

FDI firms expand in local textile-garment sector
Việt Nam had become increasingly appealing to large foreign investor groups in the textile and garment industry who wanted to seize opportunities before the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
— Viet Nam News

American car rental company enters market
Vietnam’s car rental market is believed to have great potential but high risks as well.
— Viet Nam Net

Vietnam completes US$9 billion oil refinery partly invested by Japan, Kuwait
Kicked off in 2013, Nghi Son Oil Refinery meets roughly 80% of domestic demand for petroleum, reducing independence on imports.
— Hanoi Times

Master plan for Lào Cai border economic zone announced
Lào Cai authorities are aiming to turn the northern province’s border economic zone into a dynamic and sustainable development economic hub, according to insiders.
— Viet Nam News

Christmas atmosphere overwhelms HCM City, Ninh Binh
Christmas is on the air in every corner of Ho Chi Minh City, the southern hub of Vietnam, with the eagerness of young people and the jubilant atmosphere overwhelming every street across the city.

Russia will export its industry 4.0 solutions to Việt Nam
Russia’s biggest digital solutions vendor ZYFRA has announced plans to enter the Vietnamese market as early as next year.
— Viet Nam News

Vietnam’s tourism resources under threat
The emerging mass tourism in coastal provinces in recent years has destroyed natural beauty spots at a furious pace. And in the next five years, Vietnam may lose all tourism resources.

Vietnamese firms urged to tap Muslim markets with Halal products
With nearly two billion Muslims world-wide and demand for Halal products being worth around US$2.3 trillion annually, there is potentially a huge market for Vietnamese firms to exploit, experts have said.
— Viet Nam News

Vietnam houses 235,000ha of FSC-certificated forests
Vietnam now has 235,000 hectares of forest accredited by the Forest Stewardship Council (FSC) for sustainable management, according to statistics from the Vietnam Administration of Forestry (VNFOREST).

HCM City to open bids for waste-treatment plant
HCM City has invited local and foreign companies to bid on waste treatment plants that are expected to reduce pollution and contribute to a greener and more beautiful urban area.
— Viet Nam Net

Vietnam witnesses over 4,350 successful M&A deals in 10 years
More than 4,350 merge and acquisition (M&A) deals totaling 48.8 billion USD have been executed in Vietnam during the past decade (2009-2018).

First FujiMart opens in Hà Nội
FujiMart Vietnam Retail, a joint venture between Japanese trading house Sumitomo and local retail and real estate conglomerate BRG Group, officially opened its first Vietnamese supermarket in Hà Nội on Sunday.
— Viet Nam News

Unilever seeks PM’s help over tax debt coercion warning
Unilever Vietnam International Co., Ltd. has written to Prime Minister Nguyen Xuan Phuc calling for help after the HCMC Tax Department warned that it might have coerced US$24.7 million in corporate income tax from the firm.
— Viet Nam Net

Coating, printing ink industries to maintain high growth
Việt Nam’s coating and printing ink industries have had annual growth of 13-14 per cent in recent years and are expected to grow further, according to the Ministry of Industry and Trade.
— Viet Nam News

Children book-adapted musical to premiere in HCM City
The Ho Chi Minh City Ballet Symphony Orchestra and Opera (HBSO) will for the first time staged the musical ‘Diary of a Cricket’, which is based on one of the best-known Vietnamese children’s books by late writer To Hoai, at the city’s Opera House on December 29.

Authorities search for solutions to clean up cancer village
A village in the central Ha Tinh Province is reporting a rising number of cancer-related deaths while local authorities have yet to find a solution.
— Viet Nam Net


Feature photo Nhan Dan

This week’s morning news photo features a defining moment, event, or situation from 2018 for each country as chosen by our editors.


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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