Vietnam Morning News For November 19

Tax collection from tech-based business activities faces difficulties
National Assembly deputies at a discussion on the draft amendment of the law on tax administration said tax collection from technology-based business operations such as ride-hailing service and online sale is tough due to the lack of regulations governing these new types of business, Dan Tri news site reported.
— VietNamNet Bridge

Cambodia, Vietnam, and Thailand eye developing coastal economy
The Private sectors in Cambodia, Vietnam, and Thailand are planning to strengthen trade, transport, and tourism connectivity along the coasts and promote the Southern Economic Corridor (SEC).
— News Today (video)

New FTAs to bring benefits for garment-textile sector
The upcoming signing of Free Trade Agreements (FTAs), such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), have special significance for the textile and garment industry because they will help to diversify the market and export products.
— Nhan Dan Online

12 dead in central Vietnam flash floods, landslides
Flash floods and landslides have killed at least 12 people in central Vietnam, as hundreds of troops have been dispatched to clean up destroyed villages and washed out roads.
— Aljazeera

Foreign banks tap into Vietnam’s retail banking
Retail banking and financial services contributed largely to positive business performance of Vietnamese banking sector in the first half of 2018.
— The Hanoi Times

NA official ascribes major risks to BOT investors
A senior official at the National Assembly’s (NA’s) Financial and Budget Committee pointed out majors risks, such as possible master plan adjustment and less realistic planning, in the execution of infrastructure projects under public-private partnerships (PPP), especially in build-operate-transfer (BOT) mode.
— VietNamNet Bridge

Vietnam Airlines Takes Delivery of First Airbus A321neo Aircraft Powered by Pratt & Whitney GTF™ Engines
Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) and Vietnam Airlines celebrated delivery of the airline’s first Airbus A321neo aircraft powered by Pratt & Whitney GTF™ engines.
— AEC News Today/ PR Newswire (media release)

Use of fish byproducts could lead to higher profits: experts
The fisheries sector in Viet Nam should use more seafood by-products such as bones, heads and skin to add value to the industry, experts said during an event held between Vietnamese and Norwegian fishery firms on Wednesday in HCM City.
— Bizhub

Vietnam’s securities companies woo foreign investors
Besides buying shares of Vietnam’s large securities companies, foreign investors have also poured significantly in domestic small securities companies through merger and acquisition (M&A).
— The Hanoi Times

Few passengers, but trains provide key public service
Many train routes in Vietnam are suffering heavy losses with few passengers; nevertheless, they serve a crucial function.
— VnExpress

CPTPP to improve Vietnamese labour rights
The rights of local labourers are getting closer to international labour standards thanks to the Vietnamese National Assembly’s latest approval of the Comprehensive and Progressive Agreement for Tran-Pacific Partnership (CPTPP), which will come into effect from December 30 this year.
— VietNamNet Bridge

HERE’S WHO WINS AND WHO LOSES IN US-CHINA TRADE WAR: VIETNAM
With Asia’s business community increasingly resigned to a lengthy trade war between Beijing and Washington, Vietnam has picked up some business from its northern neighbour.
— South China Morning Post

Viet Nam needs to develop affordable homes
The real estate market is suffering a severe shortage of affordable homes despite the segment witnessing huge demand, attendees heard at a conference on Thursday.
— Bizhub

Vietnam Craft Village Trade Fair features over 150 pavilions
The 2018 Vietnam Craft Village Trade Fair officially commenced at the Trade Promotion Centre for Agriculture in Hanoi on November 17.
— Nhan Dan Online

Experts upbeat about real estate
Experts remain upbeat about the development of the property market next year, driven by huge market demand and new real estate development trends.
— Bizhub

Vietnam, NZ agree to realise Action Programme for 2017-2020
Vietnam and New Zealand on November 18 agreed to actively coordinate in realising the Action Programme for the 2017-2020 between the two countries.
— Nhan Dan Online

Time to digitise land management
The Ministry of Natural Resources and Environment (MONRE) has been working on a strategy for the development of land management for the 2020-30 period.
— Viet Nam News

Toraji devolves into tropical depression off central Vietnam coasts
Storm Toraji has devolved into a tropical depression Sunday morning, weather experts say.
— VnExpress

Thai-made products in US sell Vietnamese pho, other specialties
Many Vietnam’s specialties are available in the world market, but most are Thai and Hong Kong made products.
— VietNamNet Bridge

Saigon Hi-Tech Park attracts AI projects
Twenty-one local and international experts shared research results on robotics and artificial intelligence (AI) technology at the Saigon Hi-Tech Park 5th International Conference that opened on Friday in HCM City.
— Bizhub

Hanoi revives $500 million horse racing, entertainment complex
A $500 million complex including horse racing in Soc Son District is off the shelf after 10 years.
— VnExpress

Eurocham celebrates 20 years in Vietnam with Business Awards
Since its formation in 1998, EuroCham has been an essential bridge between Europe and Vietnam, helping to build new relationships between domestic and foreign business communities.
— The Hanoi Times

Traders Fair and Gala Night Vietnam – The fantastic show of finance
Traders Fair & Gala night, Vietnam is attracting the world of traders to one place during one day. The leaders of the industry are going to come together in one place and to have an exchange of knowledge and experience.
— Vietnam Insider

Chinese-involved Vinh Tan thermal plants cause million tons of coal dust
The dumping ground is located near the highway, for which the transport of the waste by truck from the plant to the landfill would result in air and noise pollution, local media reported.
— The Hanoi Times

Metal-carrying motorbikes threaten traffic safety
The traffic in Hanoi is being seriously threatened by motorbikes and home-made vehicles that carry long metal poles often used in construction.
— Vietnam Insider

New direct air route linking Vietnam and Switzerland opens
The first direct flight linking the southern economic hub of Ho Chi Minh City and Switzerland’s northeast city of Zurich has been successfully conducted by the Edelweiss airlines of Switzerland.
— VietnamPlus

PM Phuc hopes US businesses to keep investing boldly in Vietnam
Appreciating US businesses’ investment in Vietnam, PM Phuc said the two sides have numerous cooperation opportunities.
— The Hanoi Times

Fast food in free fall? Vietnamese prefer full service eateries
A survey has found full service restaurants outshining the quick service segment in Vietnam since 2017’s third quarter.
— Vietnam Insider

Feature photo Lon&Queta

This week’s Vietnam morning news feature photo acknowledges World Toilet Day November 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).

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.