Vietnam morning news for November 22

Vietnam morning news for November 22

Vietnam morning newsDigital transformation emphasised as urgent tasks
Enterprises need to change their mindset to move into the digital world ahead of the fourth industrial revolution, a leading government minister said this week.
— BIZHUB

European firms advised to partner with Vietnamese peers
Businesses from the EU should rapidly join hands with Vietnamese firms to seize the huge opportunities from the Vietnamese market, given by the EU-Vietnam Free Trade Agreement (EVFTA), experts said.
— Hanoi Times

Vietnam government should redefine its role in market economy: Experts
Vietnamese government should redefine the relationship between government agencies and enterprises in the market economy, in turn making substantial changes in the business environment, according to economist Pham Chi Lan.
— Hanoi Times

Vietnam’s internet economy a “dragon being unleashed”: Google-Temasek
Vietnam’s internet economy has made a turnover of US$9 billion in gross merchandise value (GMV) in 2018 across online travel, e-commerce, online media and ride hailing, which is akin to “a dragon being unleashed”, described the latest report jointly launched by Google and Singapore’s state investment firm Temasek.
— Hanoi Times

Planning error blamed for rain deaths
Residential planning excluding the flood drainage corridor and abnormal torrential rains are blamed for causing the deaths of 18 people last weekend in the south central coastal province of Khánh Hoà’s Nha Trang City.
— Viet Nam News

New Year traditions of ethnic minority people to be recreated
The Vietnam National Villages for Ethnic Culture and Tourism in Hanoi will host a series of cultural events, themed “Sac Hoa” (Colours of Flowers), next month to recreate the New Year atmosphere of ethnic minority villages in northern Vietnam.
— Vietnam Net

Vietnamese spend billions of dollars on overseas study
Up to 90% of Vietnamese students abroad pay full-fee for their studies even in the world’s most expensive countries aforementioned.
— Hanoi Times

Enterprise Rent-A-Car to enter Vietnamese market
The US’s biggest car rental company, Enterprise Rent-A-Car, will officially offer its services in Việt Nam starting on November 29.
— Viet Nam News

Hanoi lists 125 companies owing nearly $5 million in tax and fees
Hanoi Construction and Materials JSC ranks first with the total of VND13.7 billion ($595,600) in arrears and fees, followed by Bao Chau Services and Transport JSC (VND4.9 billion – $213,000), Phu Mai JSC (VND3.5 billion – $152,200), Thanh Trung Construction and Production Steel Structure JSC (VND2.8 billion – $121,700), and Alpha M.A.I JSC (VND2.4 billion – $104,300). The remaining companies owe less than VND2 billion ($87,000).
— Vietnam Net

Major drug ring busted, seizing nearly 40kg of drugs
Ho Chi Minh City Police’s investigation agency announced on November 20 that the agency had begun legal proceedings against and put in temporary detention two men for illegal drug smuggling
— Vietnam+

Major drug ring busted, seizing nearly 40kg of drugs
Ho Chi Minh City Police’s investigation agency announced on November 20 that the agency had begun legal proceedings against and put in temporary detention two men for illegal drug smuggling
— Vietnam+

NA to raise foreign debt ceiling as demand rises for investment capital
Economists all agree that the lifting of the ceiling is necessary to obtain enough capital for development.
— Vietnam Net

Volatility, year-end demand drive gold prices up
A volatile global market plus higher year-end demand has pushed gold prices in Viet Nam up over the last six weeks with more hikes expected.
— BIZHUB

Vietnam and India reaffirm defense, fuel exploitation cooperation
Vietnam’s top leaders and the Indian guest highlighted oil and gas exploitation and deepened defense ties are among pillars of the comprehensive strategic partnership, which was signed in September 2016 during Indian Prime Minister Narendra Modi’s visit to the Southest Asian country.
— Hanoi Times

Phu Quoc Island construction activity slows
The island, where a special economic zone (SEZ) will arise in the future, is quiet compared to one year ago, when investors from Hanoi and HCM City flocked there to ‘hunt’ for land.
— Vietnam Net

Unlicensed fire therapy threatens safety
Doctors and experts warn that undergoing the treatment at unlicensed or substandard facilities could threaten customers’ health and cause burns or asphyxiation.
— Vietnam Net

Vietnam tops list of shrimp exporters to Canada
Vietnam currently heads the list of shrimp exporters to the Canadian market, accounting for 29% of Canada’s total shrimp import value in the first nine months of this year.
— Nhan Dan online

FDI firms in southern VN gear up for CPTPP
Foreign-invested companies in the southern region are speeding up investments and preparing for opportunities as Vietnam is poised to join the Comprehensive and Progressive Agreement for Tran-Pacific Partnership (CPTPP).
— Vietnam Net

HIV carriers registered with health insurance reach 89 percent
The information was revealed at a workshop held by the Ministry of Health’s (MoH) Department of HIV/AIDS Prevention and Control, in conjunction with international organisations, in Hanoi on November 20, which was part of activities responding to the national action month for HIV/AIDS prevention 2018.
— Vietnam Net

Da Nang earns $1.23 billion from IT and communications
Director of the city’s information and communication department Nguyen Quang Thanh said the industry contributed 5.5 percent to Da Nang’s Gross Regional Domestic Product (GRDP) in the year.
— Vietnam Net

Binh Duong shoots past FDI goal
The southern province of Binh Duong has already attracted more than US$1.6 billion in foreign direct investment this year, 17.6 per cent more than the full-year target, according to its People’s Committee.
— BIZHUB

Vietnam – Korea culture, food fest to run in Hanoi
The Vietnam – Republic of Korea (RoK) culture and food festival will take place in Hanoi between November 30 and December 2
— Vietnam+

Medical alliance debuts in Da Nang city
Medical alliance HM Group has launched in the central city of Da Nang with the aim of serving 500,000 patients by 2020 and boosting information technology and human resources for hospitals and clinics.
— Vietnam+

More actions needed to boost reforms: businesses
Businesses expect to see quicker actions from state management agencies in the enforcement of the Government’s Resolutions No. 19 and 35 to boost reforms and promote business development.
— Nhan Dan online

Finance Ministry reforms 176 administrative procedures
The move comes as part of a wider government effort to improve the business environment in Vietnam.
— Nhan Dan online

High fertiliser prices hurt farmers
Fertiliser prices have increased more than 30 per cent from a year ago, causing difficulties for farmers.
— BIZHUB

Viet Nam needs to restructure cashew production
Viet Nam’s cashew industry would need to restructure production and processing in order to ensure enough raw materials for sustainable development, according to experts.
— BIZHUB

Vietnam’s garment and textile sector will benefit from new FTAs
Special tax preferential commitments under new-generation free trade agreements (FTA) will offer Vietnam huge opportunities to boost its textile and garment exports, experts said.
— Hanoi Times

Vietnam Engine and Agricultural Machinery Corporation Company Analysis – Gaining Market Penetration in Power Tillers Market
Surging Market Penetration in Power Tiller Market and Rising Dealer Network will Boost Agri Machines Sales of VEAM Corporation: Ken Research
— Vietnam Insider

Việt Nam needs to restructure cashew production
Việt Nam’s cashew industry would need to restructure production and processing in order to ensure enough raw materials for sustainable development, according to experts.
— Viet Nam News

Prime Minister attends debut of VinFast automobile models
Prime Minister Nguyen Xuan Phuc participated in a ceremony launching the “Vietnamese goods conquer Vietnamese people” programme and introducing new products from local automaker VinFast in Ha Noi on Tuesday.
— BIZHUB

First-ever Vietnam Digital Awards held in Hanoi
The first-ever Vietnam Digital Awards was organized by the Vietnam Digital Communications Association (VDCA) under Ministry of Information and Communications at a ceremony in Hanoi on November 19, honoring excellent digital products and services.
— Hanoi Times

HCMC public disgruntled with parking fee hikes, skeptical it can ease traffic woes
From October 1 the rate for parking cars under nine seats in Districts 1, 3 and 5 is VND35,000 ($1.51) for the first two hours and VND20,000 for every subsequent hour.
— VN Express

 

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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