Vietnam morning news for October 31

Vietnam morning news for October 31

Vietnam morning newsCoal exports increase sharply in October
Vietnam’s export turnover in October was estimated at US$20.80 billion, down 1.5% from the previous month. Telephones and components saw the sharpest decrease with 21.4%, however, coal exports have rocketed by 45.3%.
— Nhan Dan Online

Vietnamese businesses frustrated when exporting produce to China
Vietnamese businesses, still trying to export produce to China via unofficial means, are facing high risks. However, according to an article on english.vietnamnet.vn, they still have not found a way to boost exports through official channels.
— Fresh Plaza

Vietnam’s industrial production index up 10.4% in ten months
Vietnam’s index of industrial production (IIP) was estimated to have risen by 10.4% in the first ten months of 2018, much higher than the 9.6% growth level of the same period last year, according to the General Statistics Office (GSO).
— Nhan Dan Online

Siam Cement gets $3.2bn for Vietnam chemical project
Thai industrial conglomerate Siam Cement Group has obtained a combined $3.2 billion loan from six local and foreign banks to press ahead with its investment in a long-delayed petrochemical complex in Vietnam.
— Nikkei Asian Review

Cold chain market to reach $1.8 bn by 2021
Growth in Vietnam’s cold chain industry has substantial potential according to the Vietnam Cold Chain Market – Outlook to 2021 study released by the Indian-based Ken Research on October 24.
— VietnamNet Bridge

Number of aviation passengers up in first 10 months
About 36,600 flights took off from and arrived in Vi?t Nam in October, marking an increase of 12.6 per cent compared with the same period last year, reported the Civil Aviation Authority of Vi?t Nam (CAAV).
— Viet Nam News

New-generation FTAs offer FDI firms more rights in Vietnam
Though Vietnam has more opportunities to promote exports thanks to tariff reduction in new-generation free trade agreements (FTA), the country, in return, also has to offer foreign invested enterprises more rights under the deals’ commitments.
— The Hanoi Times

Three Vietnamese fishing boats seized, 14 crew arrested in Gulf of Thailand
A Royal Thai Navy patrol boat has seized three Vietnamese fishing vessels and arrested 14 crew members for illegally raking the seabed for sea cucumbers in the Gulf of Thailand.
— The Nation

Trong’s strength hides weakness in Vietnam
The recent appointment of Vietnam’s Communist Party chief Nguyen Phu Trong as the state’s new president – the first time an apparatchik has held both positions since the 1960s – has signaled to some his rise as a new dictatorial strongman in a system that has long been ruled by consensus.
— Asia Times

Vietnam strengthens efforts towards eliminating EC’s fishing warning
Vietnam has stepped up measures to minimise and eliminate illegal, unreported and unregulated (IUU) fishing, aiming to remove the European Commission (EC)’s “yellow card” warning against Vietnamese aquaculture products.
— Nhan Dan Online

EVFTA expected to bring US$3.2 billion in benefits to Vietnam: experts
The free trade agreement between Vietnam and the EU (EVFTA) is expected to bring $3.2 billion worth of benefits to Vietnam in 2020, while helping the Southeast Asian nation expand export markets and engage deeper into the global value chain, said experts.
— sggp news

Logistics remain key for Vietnam’s sustainable development: CIEM
High logistics cost is one of the main barrier for the sector`s development in Vietnam.
— The Hanoi Times

Vietnamese banks register more than robust profit growth
Commercial banks in Vietnam have posted impressive growth, with profits doubling or even tripling over last year’s first nine months.
— VnExpress

Ship With U.S. Soybeans Changes Course From China to Vietnam
A ship carrying U.S. soybeans changed destination from China to Vietnam on Saturday as exporters find new buyers for American supplies amid an escalating trade war.
— Bloomberg

Hanoi welcomes over 13 million visitors in Jan-Oct
In October alone, the number of foreign visitors to Hanoi is estimated at 355,000, a 1.4% increase from the same period last year.
— The Hanoi Times

Deputies fear State will miss budget targets
National Assembly (NA) deputies have expressed worries that the State budget income from tax collection is declining while economic development is too reliant on exploiting natural assets.
— Bizhub

Who do Vietnam’s small and medium-sized enterprises turn to for funds?
Small and medium-sized enterprises get funds from banks, microlenders, share issuance, and unregulated loans, the VCCI says.
— VnExpress

Traffic accidents drop 8.2% in 10 months
As many as 14,845 traffic accidents have been reported during the first 10 months of this year, killing 6,674 people and injuring 11,549 others, according to the General Statistics Office of Vietnam (GSO).
— Vietnam Insider

Experts encouraged by exports
Experts judged that the national export goal and trade deficit rate next year set by the Government was feasible.
— Bizhub

Construction firm Vinaconex sees revenue and profit down
The Vi?t Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) saw both revenue and post-tax profit down in the third quarter this year, by 8.7 per cent and 29 per cent, respectively.
— Viet Nam News

Transport Ministry asked to study Noi Bai Airport expansion plan
Deputy Prime Minister Trinh Dinh Dung has assigned the Ministry of Transport to work out a plan to expand and adjust the planning scheme of Noi Bai International Airport which is facing serious overloading.
— VietnamPlus

Vietnam extends sympathy to Indonesia over Lion Air plane crash
Vietnamese leaders sent messages of sympathy on October 30 to Indonesian leaders over the recent fatal airplane crash of low-cost carrier Lion Air.
— VietnamPlus

Kingdom, Vietnam to bolster cooperation in combating illicit trades
Cambodia and Vietnam are seeking better cooperation to combat the illicit timber and wildlife trades, following a meeting between the two countries’ forestry administrations last week.
— Phnom Penh Post

Vietnam attends UN debate on water, peace, security
Vietnam believes that close and effective cooperation among coastal countries is the only solution to dealing with challenges and preventing water resources conflicts, said Ambassador Pham Thi Kim Anh, deputy head of the Vietnam Mission to the United Nations.
— Nhan Dan Online

EPTC agrees to buy BCG solar power
An Electricity of Viet Nam subsidiary and BCG Bang Duong Energy JSC on Monday signed a power purchase agreement for the latter’s 40MW solar power plant in Long An Province.
— Bizhub

Vinasun suit against Grab delayed again
The HCM City People’s Economic Court has once again adjourned the suit filed by taxi operator Vinasun against ride-hailing service Grab, which accuses it of unfair business practices and demands compensation.
— Vietnam Insider

US sanction on contractor delays Long Phu 1 thermal power plant???????
Long Phu 1 thermal power plant is riddled by uncertainties around international loans as the project contactor is subject to sanctions from the US.
— VietnamNet Bridge

Popular noodles in Vietnam return to Japanese origins
According to a report on The Asahi Shimbun, Osaka-based Acecook Co. will start marketing the packages by targeting retailers dealing with Vietnamese foodstuffs in the Kanto region in November of this year.
— Vietnam Insider

Bao Minh textile factory inaugurated in Nam Dinh province
Bao Minh Textile Joint Stock Company inaugurated a textile factory at the Bao Minh industrial park in the northern province of Nam Dinh on October 30.
— Nhan Dan Online

Bright prospects for Vietnam-Japan economic ties
Thriving economic cooperation has been a highlight of the Vietnam-Japan extensive strategic partnership, with bilateral trade value growing steadily towards a more balanced relationship in recent years.
— VietnamPlus

Vietnam set to bring Hanoi airport expansion back to front burner
The government is considering the expansion of Hanoi’s Noi Bai International Airport to handle 80-100 million passengers a year by 2050.
— VnExpress

185 killed or missing in Vietnam natural disasters in 10 months
Natural disasters, mainly typhoons, floods and landslides, left 185 people dead or missing, and 134 injured in Vietnam in the first 10 months of this year, its agriculture ministry said Tuesday.
— Xinhua

Romania to bring in more workers from Vietnam
Because of a workforce shortage in the country, the Romanian government has been relying on imported labor, particularly from Vietnam, and more workers from the Southeast Asian country are needed.
— Asia Times

Vietnam, Russia agree to foster ties in all fields
Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Maxim Akimov co-chaired the 21st meeting of the Vietnam-Russia Intergovernmental Committee for Economic-Commercial and Scientific-Technological Cooperation, which took place in Moscow on October 29.
— Nhan Dan Online

Samsung chief departs for Vietnam
Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of top South Korean conglomerate Samsung, departed for Vietnam on Tuesday for his seventh overseas trip since being released from prison in February.
— Yonhap News

 

Feature photo Vietnam Electricity Corporation

This week’s Vietnam morning news feature photo acknowledges World Cities Day, October 31.

 

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.

 

The following two tabs change content below.

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

Latest posts by Sreypov Men (see all)

Support independent media by sharing using these tools. Do not steal our content

Leave a Reply

Your email address will not be published.