Vietnam Morning News For December 7

Vietnam to continue removing 50% business conditions in 2019
The success of the business community would bring prosperity for Vietnam in the next decades.
— The Hanoi Times

Vietnam among top five for private participation in infrastructure, pushing by foreign investors
According to a World Bank (WB) report released this week, thirty-four countries received PPI investments in the first half of 2018, with the top five countries – China, Turkey, India, Vietnam and Brazil – accounting for 66 percent of the global total, 10 percent higher than in 2017. Anh Hong reports on Hanoitimes.
— Vietnam Insider

Vietnam’s first aircraft engine parts factory put into operation
By 2024, the factory would have around 900 employees with investment capital of US$370 million, which could be a symbol for technology transfer between South Korean and Vietnamese enterprises.
— The Hanoi Times

AirAsia to launch airline in Vietnam with local partner
AirAsia , the largest low-cost carrier in Southeast Asia, said on Thursday that it has agreed with its partner in Vietnam to launch a domestic airline next year, to gain a footprint in the fastest growing air travel market in the region.
— Nikkei Asian Review (paywall)

G-bond auction raises 5.2 trillion VND
The State Treasury of Vietnam raised 5.2 trillion VND (nearly 223.9 million USD) from government bonds (G-bonds) in this week’s auction at the Hanoi Stock Exchange (HNX).
— VNA NET

Arguments fly over Vietnam’s need for more or less airports
Travel firm execs say Vietnam needs more airports, contradicting some aviation experts’ assessments that there are too many, already.
— VN Express

Vingroup listed in VN’s top 10 largest businesses
Vingroup has become the first and only private firm listed in the Việt Nam’s top 10 largest businesses (VNR500), according to Vietnam Report JSC on Wednesday.
— Viet Nam News

Vinalines proposes spending VND4t on two piers
State-run Vietnam National Shipping Lines (Vinalines) has proposed investing nearly VND4 trillion to build two piers at Lien Chieu Port in the central coast city of Danang.
— Viet Nam Net

CMC Telecom introduces cloud ecosystem
CMC Telecom has introduced its two Cloud services – Elastic Compute and Elastic GPU – which are suitable for many different consumer segments.
— Viet Nam News

Private sector should be involved in airport structure
Involving the private sector in the construction of airport infrastructure is the optimum solution to promote the tourism industry in Vietnam, stated Deputy General Director of VietStar Airlines Luong Hoai Nam during the discussion at the 2018 Vietnam Travel and Tourism Summit on December 5.
— The Hanoi Times

Foreign investors eye Vietnam’s pharmaceutical firms
IMS Health has placed Vietnam into the group of 17 most pharmerging markets which are expected to consume one-third of total global consumption in the future instead of one-fourth as currently seen
— Viet Nam Net

Da Nang cracks down on waste
The central city of Da Nang plans to get residents to sort their own waste before throwing it out in Thanh Khe and Son Tra districts from March next year.
— Viet Nam Net

Vietcombank reduces holdings at other banks
Vietcombank (VCB) has recently announced it sold a large number of Military Bank (MBB) and Eximbank (EIB) shares on the stock markets to reduce its ownership ratios at the banks to 5 per cent in each as regulated by the central bank.
— Viet Nam News

Phu Tho province puts an end to billion-USD project
The northern province of Phu Tho has terminated an eco-residential area, resort and sports project worth about 1.5 billion USD in Tam Nong district, citing the investor’s weak capacity as the reason for this decision.
— VNA NET

Vietnam needs long-term strategy for automobile industry
Vietnam’s automobile industry needs support from government to reduce production costs and become a player in the regional automobile market, experts say.
— Viet Nam Net

Cao Phong oranges to be served on Vietnam Airlines flights
Cao Phong oranges, a special fruit from the northern mountainous province of Hòa Bình, will be dessert for business class passengers on nearly 70 routes of Vietnam Airlines from Hà Nội and HCM City to Asia, Europe and Australia, and on the domestic flights between the two major cities.
— Viet Nam News

Coastal erosion threatens southernmost province
The southernmost province of Ca Mau is facing coastal erosion which has worsened over recent years.
— Viet Nam Net

ABB opens first robotics service centre in Việt Nam
ABB inaugurated its Robotics Technical and Service Centre – the first of its kind in Việt Nam – on Wednesday with the aim of serving global and local manufacturers operating in the northern region of Việt Nam.
— Viet Nam News

Hanoi’s offices to fire 4,300 staff next year
About 4,300 State white-collar employees of Hanoi will be laid off next year, according to a decision by the Ha Noi’s People’s Council. Following the move, the city will have a total of 153,875 white-collar workers.
— Viet Nam Net

Vietnam welcomes RoK’s new visa policy
Vietnam welcomes the Republic of Korea (RoK)’s adoption of new visa regulations for Vietnamese citizens, which will help promote the people-to-people exchange between the two countries, spokesperson for the Vietnam Ministry of Foreign Affairs Le Thi Thu Hang has said.
— VNA NET

Vietnam targets US$10,000 per capita income by 2035
Vietnam has set a target to gain per capita income of around USD10,000 by 2035, according to Minister of Planning and Investment Nguyen Chi Dung.
— Viet Nam Net

Vietnam among hardest hit by cryptomining attacks: security bulletin
Vietnam is among nations hardest hit by cryptomining attacks this year, says Moscow-based multinational cybersecurity firm Kaspersky Lab.
— VN Express

Renewable power still poses multiple challenges
Many of the local people want to use electricity originating from renewable energy sources as it is offered at reasonable prices and can replace other materials, including coal, which is facing an acute shortage, officials said.
— Viet Nam Net

Why the best way to absorb the culture of Vietnam and Cambodia is cruising this river
Vietnam and Cambodia offer a colourful culture, poignant history and verdant landscapes. These countries are ideally suited to travelling by water as many of the most rewarding experiences are tucked away in the countryside through which the Mekong River passes.
— Telegraph

Phú Thọ revokes licence of giant Dream City project
Local authorities in the northern province of Phú Thọ have decided to revoke the investment licence of the Tam Nông Sport Eco-tourism Urban Area (Dream City) project due to weak capacity of the investor.
— Viet Nam News

Organisations fight violence against women
Experts at a dialogue held yesterday in Hanoi discussed ending violence against women and girls.
— Viet Nam Net

Vietnam – France festival celebrate diplomatic ties
The Vietnam-France Festival opened at the Institute of Cultural Exchange with France (IDECAF) in Ho Chi Minh City on December 5, as part of the city’s activities to celebrate 45 years of diplomatic relations between the two countries.
— VNA NET

Climate change threatens environmental security
Climate change has made natural disasters, especially storms, floods, and droughts, increasingly worse, causing environmental upheavals and ecological crisis, which threatens national security.
— Viet Nam Net

RoK’s Honorary Doctorate granted to Vietnamese NA Chairwoman
NA Chairwoman Nguyen Thi Kim Ngan hailed contributions by Honorary Consul General of Vietnam in Busan-Gyeongnam region Park Soo-kwan to the Vietnam-Republic of Korea (RoK) ties while receiving him on December 4.
— Viet Nam Net

Vietnam may lose top rank as largest pepper producer: IPC
Vietnam may drop from the top spot as the world’s largest pepper producer, as many other producers such as Brazil, Indonesia and Malaysia are increasing their productivity and output in pepper production.
— Viet Nam Net

In CPTPP period, medium-, high-ranking staff will face risk of job loss
Experts have warned that the more competitive labor market in the CPTPP period will put Vietnamese medium- and high-ranking workers at a higher risk of job loss.
— Viet Nam Net

Chinese internet swindlers arrested in Lao Cai province
Police of the northern province of Lao Cai have handed over 10 Chinese nationals accused of online swindling to police of Hekou county, China’s Yunnan province.
— VNA NET

HDBank launches New Year promotion
Individual customers making deposits at HDBank between December 3 and February 28 have the chance to win one kilogramme of SJC gold.
— Viet Nam News

Dak Lak to reduce coffee-growing area
Dak Lak, the country’s largest coffee growing province, plans to reduce the area under the crop from 204,800ha now to 180,000ha by 2030, according to Vice Chairman of the provincial People’s Committee Nguyen Hai Ninh.
— VNA NET

Feature photo manhhai

This week’s Vietnam morning news feature photo acknowledges International Day of Persons with Disabilities, December 3.

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.