Vietnam morning news for September 17

Vietnam morning news for September 17

Vietnam morning newsVietnam sees high-speed train flying high
The trans-Vietnam high-speed rail is back on the agenda, with officials saying it can compete with aeroplanes for business.
— VnExpress

Vietnam sets to lift foreign ownership cap in aviation industry
The government has planned to increase foreign shareholding in Vietnamese airlines in a move to seek more investment to meet the country’s rapidly growing air transport demand.
— The Hanoi Times

Vietnam urges Facebook to open office ahead of controversial cyber law
Vietnam has asked Facebook (FB.O) to open a local office as the Communist-ruled country increases pressure on global technology firms to abide by a controversial cyber security law.
— Reuters

Vietnam sees imported cars down 14.8% last week
During the period, cars from Thailand, Indonesia and China accounted for 93% of total cars imported to Vietnam.
— The Hanoi Times

Inspired By Singapore, Hanoi Considers Congestion Charge For Motorists
The Hanoi Department of Transport is considering collecting tolls for private vehicles traveling into the inner-city areas which often face traffic jams. Vu Van Vien, the department’s director, said that this may be among measures to restrict the operation of private vehicles in Hanoi’s city center.
— Investvine

Vietnam e-commerce sales reaches US$6.2 billion in 2018
E-commerce sales are forecast to reach US$10 billion by 2020, accounting for 5% of total retail and services revenue, while 30% of the population will shop online, spending an average of US$350 per person annually.
— The Hanoi Times

Vietnam’s rice exports up in both volume and value in first eight months
Vietnam exported 4.53 million tonnes of rice in the first eight months of 2018, bringing in US$2.29 billion, a rise of 10.5% in volume and 26.5% in value, according to the General Department of Customs.
— Nhan Dan Online

Vietnam-US direct flight plan delayed until 2020
The Ministry of Transportation is collecting comments on the draft of a plan to enhance aviation connectivity with tourist markets.
— The Hanoi Times

Sugarcane faces plummeting prices
The sugarcane sector is facing record-low prices despite an increase of 500,000 tonnes of output over last year, leading to high inventory levels, according to the Viet Nam Sugar and Sugarcane Association (VSSA).
— Bizhub

Long An has first solar power project
Construction for a 40.6MW solar power plant started in the Mekong Delta province of Long An on September 16.
— VietnamPlus

Vietcombank to divest shares at Military Bank
At the starting price of VND19,641 (US$0.84) apiece, Vietcombank is expected to rake in proceeds of at least VND1.04 trillion (US$44.52 million).
— The Hanoi Times

Undercover operation reveals ivory trade hub in Vietnam
A series of undercover operations spanning more than two years has uncovered a web of wildlife trafficking groups in Vietnam.
— Menafn

US lowers anti-dumping tariff on Vietnam’s shrimp exports
The US Department of Commerce (DoC) has announced the final results of the 12th Period of Review (POR 12), lowering the anti-dumping tariff on shrimp imports from Vietnam.
— VietnamPlus

Ho Chi Minh City calls for investment in building smart city
The Ho Chi Minh City People’s Committee hosted a conference on September 15 to call for investment in building an Intelligent Operations Centre (IOC) and a Socio-Economic Simulation and Forecast Centre.
— Nhan Dan Online

Hoa Binh promotes local fruit, farm produce
A citrus festival and agricultural fair in the northwestern mountainous province of Hoa Binh will be held on November 24-25 this year in Cao Phong district, according to Vice Chairman of the provincial People’s Committee Nguyen Van Dung.
— VietnamPlus

Vietjet CEO: Realise your dreams
Nguyen Thi Phuong Thao, Vietnam’s first and only female billionaire according to Forbes, shared her story of how she built the new-age airline to 1,000 local and foreign delegates at the World Economic Forum on ASEAN 2018, helping to inspire and encourage the startup generation. Nhat Ha reports.
— Vietnam Insider

Super Typhoon Mangkhut smashes into Philippines, forecast to move on to Vietnam
Super Typhoon Mangkhut slammed into the northern Philippines on Saturday with violent winds and torrential rains.
— VnExpress

Half of Vietnamese youths think technology will create more jobs: survey
A majority of Vietnamese youths believe that technology will increase the number of jobs in future, a survey by the World Economic Forum has found.
— Vietnam Insider

Vietnam in search of new growth drivers
Vietnam is halfway through its economic restructuring plan for the 2016-2020 period, with such bright spots as macroeconomic stability, a recovery to high growth and improved growth quality.
— Nhan Dan Online

Vietnam says no to pork from countries with African swine fever
Vietnam has banned imports of pork from Hungarian and Polish provinces on concerns over African swine fever outbreaks.
— VnExpress

Phu Yen province seeks investment to tap potential
The central province of Phu Yen is determined to improve its business climate and enhance investment promotion to attract capable investors who can help exploit its untapped potential.
— VietnamPlus

Gia Lai province replaces old coffee trees with new ones
The Central Highlands province of Gia Lai has provided free coffee seedlings and farming techniques for local farmers in an effort to replace old, unproductive coffee trees.
— VietnamPlus

SA drug smuggler to lodge appeal against death sentence in Vietnam
Holidays in Vietnam have bought more time for Durban-born Tyron Coetzee, sentenced to death in the country for drug smuggling, to lodge his appeal, his brother Elton said.
— IOL

VN aims to become a prosperous nation: PM
Viet Nam aspires to become a country with prosperous development, inferior to no other countries in the world, Prime Minister Nguyen Xuan Phuc said at the Viet Nam Business Summit in Ha Noi on Thursday.
— Bizhub

Brokerage sees higher interest rates in Vietnam in 2019
In 2018, inflation is estimated at 4% year-on-year, the highest level since 2014.
— The Hanoi Times

Tech conference gazes into crystal ball
The world has entered an era of great technological development, which has changed people’s lifestyles, even in Viet Nam, Nhip Cau Dau Tu (Investment Bridge) magazine’s technology conference has heard.
— Bizhub

VN-Cambodia trade forum kicks off
The Viet Nam – Cambodia trade and investment promotion forum opened in Phnom Penh, Cambodia on Friday, providing updated information on new trade policies for enterprises of the two countries and creating opportunities to increase business.
— Bizhub

Why Mai Khoi, Vietnam’s Lady Gaga, performs in secret in her country
She is often dubbed a Vietnamese version of “Pussy Riot” or Lady Gaga because of her activism and provocative style.
— South China Morning Post

 

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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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