Vietnam morning news for November 28

Vietnam morning news for November 28

Vietnam morning newsForestry export estimated at 9.3 bln USD in 2018
Vietnam’s forestry product export is expected to reach 9.3 billion USD this year, according to the Ministry of Agriculture and Rural Development’s Vietnam Administration of Forestry (VAF).
— Vietnam+

Vietnam expects to export 1.7 mln tonnes of coffee this year
Vietnam expects to export 1.7 million tonnes of coffee this year, earning about 3.5 billion USD, said Chairman of the Vietnam Coffee – Cocoa Association (VICOFA) Luong Van Tu.
— Vietnam+

Vietnam to build expressway linking two provinces on China border
Vietnam plans to build a 115km expressway connecting northern Lang Son and Cao Bang provinces on the Chinese border to foster their development.
— VnExpress

November sees trade deficit of 400 million USD
The General Department of Vietnam Customs said the country had a trade deficit worth 400 million USD in November, equivalent to 1.9 percent of total export value.
— Vietnam+

S. Korea to relax visa policy for Vietnamese applicants from major cities
Vietnamese nationals who were born or are a registered permanent resident in Hanoi, Ho Chi Minh City or Da Nang will be eligible for five-year multiple-entry visas to South Korea, starting December 3.
— Vietnam Insider

Industry 4.0 could drive Vietnam’s GDP growth to 7-16%: CIEM
Compared to a scenario of only economic reforms (without implementing the fourth Industrial Revolution), Industry 4.0 could help raise Vietnam’s gross domestic product (GDP) by an additional US$28.5-62.1 billion, equivalent to a GDP growth rate of 7-16% annually, until 2030, depending on each scenario (high, medium, low).
— Nhan Dan online

Vietnam’s coal-fired power expansion ignites debate
While critics highlight environmental and health concerns, officials say it’s inevitable that coal dominates the energy mix.
— VnExpress

Vietnam secures US$100 million loan from ADB to modernize irrigation system
Agriculture plays a significant part in Vietnam’s economy, contributing 18.3% of the country’s gross domestic product and 44% of the labor force from 2008–2016.
— Hanoi Times

Cabinet drafts resolution on socio-economic development tasks for 2019
Prime Minister Nguyen Xuan Phuc chaired a cabinet meeting on November 27 on the drafting of Resolution No.01 on major tasks and solutions to implement the socio-economic development and State budget estimate for 2019.
— Vietnam+

Energy sector faces big challenges ahead
The challenges the power sector needs to overcome over the next two decades are substantial to ensure it achieves its goals to provide sustainable, clean, affordable and reliable power supply to the people of Việt Nam.
— Viet Nam News

Vietnam’s exporters sell more fruit thanks to blockchain apps
VietNamNet Bridge – Utilizing blockchain to improve the traceability of farm produce is expected to be a good solution to boost fruit exports.
— Viet Nam Net

Vietnam’s agricultural export value ranked 15th in the world: Deputy Minister
Vietnam’s total agricultural exports are ranked 15th in the world and its agricultural products are available in 180 countries and territories worldwide, even penetrating multiple fastidious markets.
— Nhan Dan online

Quang Tri plants over 7,200 ha of concentrated forest
The central province of Quang Tri has planted over 7,200 ha of concentrated forest and 2.7 million dispersed trees, the largest area recorded so far.
— VNA NET

Companies fined for environmental violations
The People’s Committee in Đà Nẵng have imposed an administrative fine of VNĐ1.1 billion (US$47,800) on two joint-stock steel companies.
— Viet Nam News

Party Central Committee’s Secretariat disciplines former MPI leader
The Party Central Committee’s Secretariat has decided to give a reprimand to Bui Quang Vinh, former member of the Party Central Committee and former Minister of Planning and Investment, for his responsibility for wrongdoings in Mobifone’s acquisition of 95 percent of AVG shares.
— VNA NET

City repairs damage caused by Typhoon Usagi
Typhoon Usagi, which weakened into a tropical depression over the weekend, hit HCM City hard on Sunday, damaging electrical cables, stranding cars on streets, and flooding basements.
— Viet Nam News

Vietnam needs to improve training of highly skilled workers
Vietnam needs to develop and implement labour market policies, including a systematic approach to training its growing workforce, to fully reap the benefits of free trade
— Viet Nam Net

Ethnic minorities a target for fraud
Many cases of fraudulent transfer of land use rights certificates, bribery and property misappropriation, in which the victims are mainly ethnic minorities, have occurred in the Tay Nguyen province of Gia Lai
— Viet Nam Net

Bamboo Airways aims to have maiden flight on December 29
Bamboo Airways will launch its first domestic flight on December 29, starting a journey to conquer the aviation market as the firm received its license to fly in Vietnam.
— Viet Nam Net

Foreign investors pour nearly US$31 billion into Vietnam
As of November 20, 2,714 projects got business licenses worth US$ 15.78 billion, accounting for 79.7% against the same period last year.
— Viet Nam Net

More promising offshore energy
Vietnam’s huge potential in the offshore wind industry has caught the eye of overseas investors, but further work is required to kick-start the fledgling market, according to energy experts.
— Viet Nam Net

ASEAN member states and S Korea discuss investment at Connectivity Forum
The sixth ASEAN Connectivity Forum, the only forum on investment in ASEAN countries, opened today in Seoul, South Korea.
— Viet Nam News

Vietnam Fatherland Front enhances ties with Chinese People’s PCC
Leaders of the Vietnam Fatherland Front (VFF) and the Chinese People’s Political Consultative Conference (the People’s PCC) have agreed on the contents of their cooperation at a meeting in Beijing on November 27.
— VNA NET

Credit growth to slow to 14% in next five years
Credit growth in the next three to five years is forecast to be around 14 per cent per year, lower than the average rate of 18.1 per cent in the 2015-17 period.
— Viet Nam News

Efforts towards child drowning prevention record hopeful results
A conference took place in Hanoi on November 27 to review the outcomes of a nationwide programme on safe swimming and drowning prevention for children for 2016-2020.
— VNA NET

Asia’s most beautiful flight attendant uniforms
Vietjet was honoured with the “Asia’s Best Flight Attendant Wardrobe” award at the Gala Ceremony hosted by NOW Travel Asia Magazine in Chengdu City, China.
— Viet Nam News

Quảng Ninh’s passenger terminal welcomes the first cruise
Quảng Ninh’s Hạ Long International Passenger Terminal on Tuesday officially welcomed the first cruise with a total of over 3,000 visitors and crew members.
— Viet Nam News

Despite great economic achievements, Vietnam’s labor value still low
The average wage for Vietnamese workers is $1 per hour, far below the pay to Filipino workers ($2.1) and Chinese ($2.5).
— Viet Nam Net

Miss Vietnam’s baguette-themed national costume design for Miss Universe 2018 causes a stir
When a vivacious Miss Thailand strutted on stage in an outrageous tuk tuk costume – complete with headlights and handlebars – during the Miss Universe pageant in 2015, netizens responded with derision and laughter.
— Straits Times

Health ministry calls for sanitation after storm
The Ministry of Health yesterday requested health departments in the provinces affected by Typhoon Usagi to ensure clean water supplies and prevent disease outbreaks.
— Viet Nam News

Lao Cai border gate economic zone to drive province’s growth
The Lao Cai border economic zone will be developed into an industrial, urban, trade and service hub, serving as a driving force for the growth of the northern mountainous province of Lao Cai, according to the zone’s master plan.
— VNA NET

Denmark shares experience in sustainable urban development
Sustainable urban development and planning was the main topic of a workshop co-held by the Ministry of Construction and the Danish Embassy in Vietnam in Hanoi on November 27.
— VNA NET

Young Vietnamese uninterested in manufacturing jobs: survey
Young people’s lack of interest in manufacturing jobs has led to a manpower shortage in the sector, a survey has found.
— VnExpress

First Vietnam brocade culture festival to open in Dak Nong
The first Vietnam brocade culture festival and Dak Nong investment promotion conference will take place in the Central Highlands province of Dak Nong from December 28-30, heard a local press conference on November 27.
— VNA NET

ACV to pour VNĐ4 trillion into upgrading Cát Bi International Airport
The Airports Corporation of Việt Nam (ACV) is focusing on accelerating investment in key projects at Cát Bi International Airport (Hải Phòng) with a total investment capital of about VNĐ4 trillion (US$170.1 million).
— Viet Nam News

PM urges agriculture sector to brace for agricultural economy
Prime Minister Nguyen Xuan Phuc has urged the agriculture sector to switch from the mindset of agricultural production to an agricultural economy and international integration in order to create a revolution in the development of agriculture, farmers and rural areas.
— VNA NET

New Chinese envoy envisions cooperation to narrow Vietnam-China divergences
The new Chinese ambassador emphasized the importance of trust in strengthening the bilateral ties, saying that once the two countries’ top leaders reach consensus in important issues, improvements would be easily made.
— Hanoi Times

26 stand trial for multi-trillion-VND loss at DongA Bank
Twenty-six defendants were brought to trial in Ho Chi Minh City on November 27 for their accused involvement in the loss of over 3.6 trillion VND (153.47 million USD) at the DongA Joint Stock Commercial Bank (DAB).
— VNA NET

VN wins steel dispute with Indonesia
Viet Nam had won a three-year dispute with Indonesia regarding safeguards on certain iron and steel products, according to the Trade Remedies Authority of Viet Nam.
— Bizhub

Up to 130,000 new jobs expected in HCM City in 2019
As many as 320,000 job vacancies are expected in the southern largest economic hub of Ho Chi Minh City next year, said Tran Anh Tuan, Vice Director of the city’s Human Resources Forecasting and Labour Market Information (Falmi) Centre.
— VNA NET

Foreign automobile part makers rush to Vietnam
Vietnam reportedly has fewer auto part producers than Malaysia and Thailand, which have 385 units and 2,500 units respectively.
— Hanoi Times

Vietnamese staples introduced at Christmas Fair Prague 2018
Vietnamese silk, crafts, and traditional dishes were introduced to visitors to the Christmas Fair Prague 2018 held in Prague, the Czech Republic, on November 25.
— VNA NET

VPBank honoured for serving women-led businesses
Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) was one of five credit institutions in the world awarded the New Programme Award for women in 2018.
— Viet Nam News

Northstar Group pours $50 million into VN online education company
Singapore-based Northstar Group has invested US$50 million in Topica Edtech Group, a technology education company headquartered in Hanoi with more than 1,700 employees.
— Viet Nam News

Vietnam expects to export 1.7 mln tonnes of coffee this year
Vietnam expects to export 1.7 million tonnes of coffee this year, earning about 3.5 billion USD, said Chairman of the Vietnam Coffee – Cocoa Association (VICOFA) Luong Van Tu.
— VNA NET

Aviation earnings to get boost from low oil prices
A third drop in global crude prices, plus an increasing number of air passengers, is expected to boost the performance of the two biggest airlines Vietnam Airlines and Vietjet.
— VNA NET

Vietnamese women arrested for bomb joke at Malaysia airport
Two Vietnamese women will stand trial for claiming at Malaysia’s Kuala Lumpur airport that they were carrying bombs.
— VnExpress

Media responsible for providing scientific knowledge of food safety
As food safety has reached the headlines in recent years, scientific communications has played an increasing role in helping consumers make their proper choices, said Standing Vice Chairman of the Vietnam Journalists Association (VJA) Ho Quang Loi.
— VNA NET

Vietnam’s blockchain start-up linanetwork commits to thai market
According to the latest statistics published by International Data Corporation (IDC), the global blockchain spending will continue its growth hitting 11.7 billion USD in 2022; Japan and Canada are the fastest growth.
— Bangkok Post

Vietnam improves on sustainable trade
Vietnam ranked ninth out of 20 economies in the Sustainable Trade Index 2018 released by the Hinrich Foundation last week.
— VNA NET

Samsung intents to bring in more Vietnamese suppliers
Samsung has been in close contact with the Ministry of Industry and Trade (MoIT), government agencies and associations to identify qualified local enterprises that could potentially become its suppliers.
— Hanoi Times

Seminars talk ways to develop strong agriculture
How to develop a strong agricultural sector – a factor of sustainable development – was an issue under discussion at some workshops held in Hanoi on November 26.
— VNA NET

F88 raises capital from Granite Oak
The Mekong Capital-backed pawnshop chain F88 has raised growth capital from Granite Oak, a European investment firm, according an announcement on November 27.
— Vietnam Insider

Businesses join hands to fight wildlife crime
Leaders from 25 business associations in central provinces have pledged to combat illegal wildlife consumption by adopting new programmes to shed light on wildlife crime and the myths about consumption that are driving the trade in Vietnam.
— VNA NET

Over 1,000 artisans to join gong cultural festival
More than 1,000 artisans from five Central Highlands provinces will perform at the 2018 Gong Cultural Festival scheduled to take place from November 30 to December 2 in Gia Lai province.
— VNA NET

Demand for food spikes in city
Some traditional markets in HCM City on Monday morning were still flooded and closed after storm No 9 pounded the city all day on Sunday.
— Bizhub

Tiền Giang adopts new farming models to cope with changing climate
Tiền Giang Province has developed new agricultural production models that provide farmers with a reliable income to cope with climate change in its eastern districts and Gò Công Town.
— Viet Nam News

Hi-tech farming courses in Israel benefit Vietnamese students
As many as 77 Vietnamese agricultural students have graduated from an on-the-job training programme in Israel since 2012.
— VNA NET

VN improves on sustainable trade
Việt Nam ranked ninth out of 20 economies in the Sustainable Trade Index 2018 released by the Hinrich Foundation last week.
— Viet Nam News

 

Feature photo James Offer

This week’s Vietnam morning news feature photo acknowledges Day of Remembrance for all Victims of Chemical Warfare, November 30.

 

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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