Vietnam morning news for November 20

Vietnam morning news for November 20

Vietnam morning newsVietnam and Russia aim to triple bilateral trade by 2020
The prime ministers of Vietnam and Russia agreed Monday to nearly triple their countries’ two-way trade to $10 billion by 2020 from $3.55 billion last year.
— The Settle Times

EVN accelerating electricity projects to ensure supply for next year
The Vietnam Electricity Group (EVN) has announced that it will accelerate its projects within this year to ensure electricity supply for 2019, thus meeting rising demand for energy in service of the national development as well as that by foreign investors.
— VietnamPlus

Da Nang considers a multi-billion dollar port
By 2050, the 120-year-old Tien Sa Port, the largest deep-water port in Da Nang city, will serve merely as a service and tourism port, while Lien Chieu port, which is still on paper, would become an international port with a capacity of 46 million tons per annum.
— Vietnam Insider

Rice exports rise 14% in value
Viet Nam exported 5.2 million tonnes of rice in the first 10 months of this year, earning US$2.6 billion, the Ministry of Agriculture and Rural Development (MARD) has reported.
— Bizhub

Vietnam’s big three telcos launch MNP
Vietnam’s mobile operators have started rolling out mobile number portability (MNP) capabilities for the nation’s more than 120 million mobile users.
— Telecomasia

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)

Vietnam arrests ex-deputy head of economic hub in graft crackdown
Vietnamese police arrested a former deputy chairman of Ho Chi Minh City, the country’s business hub, on Monday as the communist-ruled country steps up a crackdown on corruption.
— Reuters

Vietnam operators gear up for 5G trials
Four telecoms companies in Vietnam including Vietnamobile, state-owned Viettel Group and MobiFone were tipped to receive licences to test 5G in January 2019.
— Mobile World Live

Should Vietnam drink more liquor or less? NA debates
Some National Assembly deputies fret over economic impacts of curbing alcohol consumption, others argue alcoholism causes much greater losses.
— VnExpress

PwC: Viet Nam one of top destinations for foreign investment
Viet Nam is one of top targets for cross-border investment, according to PwC’s survey released recently.
— Viet Nam News

Modern format stores luring away Vietnamese shoppers: survey
Though traditional trade, including wet markets, still dominates in the country, modern channels have gained impressive momentum, according to Nielsen’s latest Shopper Trend report.
— VietnamNet Bridge

Landslides kill 13, leave 4 missing in south central Vietnam
Landslides due to rains from a tropical storm have killed 13 people and left four others missing in south-central Vietnam.
— News 24

Vietnam’s first private airport set for Christmas launch
Vietnam’s first private airport near the world-renowned Ha Long Bay is getting finishing touches for a Christmas day opening.
— VnExpress

Vietnam, Thailand foster air defence cooperation
Sen. Lieut. Gen. Phan Van Giang, Chief of the General Staff of the Vietnam People’s Army and Deputy Minister of National Defence received the Commander-in-chief of the Royal Thai Air Force, Air Chief Marshal Chaiyapruk Didyasarin, in Hanoi on November 16.
— NNT

An Giang offers incentives to investors in renewable energy plants
The Mekong Delta province of An Giang will offer preferential policies to investors in renewable energy plants as part of its strategy on sustainable development.
— Viet Nam News

Expectations from centralised state capital management
As planned, the transfer of state ownership of Vietnam’s 19 leading corporations and groups from five ministries to the Committee for Management of State Capital in Enterprises has been completed after the committee officially came into operation.
— Nhan Dan Online

HCM City’s electronics industry sees significant growth
The production index of the electronics industry for the first 10 months of the year increased by more than 17 percent year-on-year, according to the HCM City Department of Industry and Trade.
— VietnamPlus

Vietnamese seafood importers hit by health certificate requirements
Vietnamese seafood importers have called for assistance after a government department demand for health certificates left their consignments stuck in port, reports Saigon Online.
— Under Current News

Central province aims to commission solar power plants next year
The central coastal province of Khanh Hoa is striving to bring the solar power plants in its territory to operation in 2019, according to local authorities.
— VietnamPlus

Pharmaceutical retail market heats up with big players
That large retailers with strong financial strength and good governance joining the Vietnamese drugs distribution market is expected to drive the domestic pharmaceutical retail market forward in the coming time.
— VietnamNet Bridge

KKFund makes Vietnam debut, backs HR-tech startup JobHop
Vietnamese recruitment platform JobHop has raised funding of $710,000 in a round co-led by Singapore-based KK Fund and Japanese HR services company Mynavi Corporation.
— Vietnam Insider

Firms still report difficulties in obtaining business licences: VCCI survey
Forty two percent of surveyed companies reported that they countered difficulties in applying for business licences in Vietnam, said General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen Quang Vinh.
— VietnamPlus

Chinese firms move to Vietnam as US-China trade war drags on
Chinese relocation of the low-value production such as garments would be less beneficial to Vietnam, as the country’s industry still imports lots of materials from China.
— The Hanoi Times

PTSC to supply floating storage for Sao Vang – Dai Nguyet gas project
PetroVietnam Technical Services Corporation (PTSC) will be the supplier of a floating storage and offloading (FSO) system to the project of developing the Sao Vang-Dai Nguyet gas fields, which is invested by Japanese firm Idemisu Kosan.
— VietnamPlus

‘Impact investing’ in VN creates social impact, financial growth
Investors, business and finance leaders, and representatives of family offices and foundations took part in a discussion in HCM City on Nov 16 on impact investing, which intends to create a positive social impact alongside financial returns.
— Bizhub

Real estate promo week slated for December
Real estate week Red Friday, with special promotion programmes, will be held in Viet Nam for the first time from December 7 to 14, the Vietnam Association of Realtors (VARS) announced on Wednesday.
— Bizhub

Taiwanese tech giant ASUS ponders Vietnam for production relocation
US and China’s firms are looking at shifting production, assembly or sourcing of supplies to third countries, with Southeast Asia as the leading choice.
— The Hanoi Times

Vietnam-China border defence friendship exchange begins
Vietnamese Defence Minister Ngo Xuan Lich led a delegation of the Vietnamese People’s Army on November 19 began activities within the fifth Vietnam-China border defence friendship exchange in Longzhou county, China’s Guangxi province.
— Nhan Dan Online

 

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.

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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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