Vietnam morning news for September 25

Vietnam morning news for September 25

Vietnam morning newsVietnam firm starts building US$42.7 million solar power plant in Binh Thuan
Once completed, the plant is expected to supply around 80 million kWh of electricity for the national power grid annually.
— The Hanoi Times

Vietnam Gets First Female President, But Just For A Short While
Vietnam’s national assembly appointed Dang Thi Ngoc Thinh as interim president of the Socialist Republic of Vietnam after the death of President Tran Dai Quang on September 21. Thinh will hold office until the next special plenary session in which a new head of state will be elected. She thus becomes the first woman to assume the presidency of the country.
— Investvine

Environmental tax hike to iadd Vietnam’s public revenue by US$673 million
Viet Dragon Securities Corporation (VDSC) estimated that Vietnam`s headline inflation will rise by 4.1-4.2% year-on-year in 2018.
— The Hanoi Times

Vietnam targets $1 billion of seafood exports to ASEAN
The region has become increasingly important for Vietnam in the past 10 years.
— IntraFish

Vietnam’s public debt could reduce this year: report
High economic growth could see Vietnam’s public debt drop this year, according to the Ministry of Planning and Investment.
— VnExpress

Viettel Global to float shares on UPCoM: report
Viettel Global, the international investment arm of Vietnamese military-run operator Viettel, is reportedly set to float 2.24 billion shares on the nation’s Unlisted Public Company Market (UPCoM) tomorrow.
— Telecom Asia

Vinalines to build 2 terminals at $299 mln in Lach Huyen Port
Vinalines is seeking approval from the government for building two container terminals at Lach Huyen Port in northern Hai Phong City.
— VnExpress

Vietcombank steps up divestments to meet cross-holding limit
Once completing both auctions, the lender will no longer be a major shareholder in Military Bank (MB) and Vietnam Export Import Commercial Bank (Eximbank).
— The Hanoi Times

China might avoid Trump tariffs by exporting via Vietnam
Vietnam could suffer collateral damage if Chinese businesses use made-in-Vietnam labels to avoid U.S. tariffs, experts warn.
— VnExpress

PM asks Lang Son to develop trade, tourism
The northern mountainous province of Lang Son should create a vision on trade and tourism development, considering its favourable geo-economic location, Prime Minister Nguyen Xuan Phuc said at a working session with province officials in Ha Noi on Monday.
— Bizhub

Is Vietnam headed for another economic crisis?
Vietnam has endured an economic crisis every 10 years over the past 4 decades. While the country has enjoyed an enviable growth trajectory in the two decades since the 1997–1998 Asian financial crisis, consistently ranking among the world’s fastest-growing economies, local firms are increasingly accumulating risky loans to expand their businesses and private credit growth is significantly outpacing GDP growth.
— Focus Economics

New decree removes barriers for rice exporters
According to a new governmental decree, rice-exporting businesses will no longer be required to own rice storage, paddy milling and grinding facilities with processing capacities of 5,000 tonnes of rice and 10 tonnes of paddy per hour, respectively.
— VietnamPlus

Vietnamese synthetic drug users on the rise
The number of people who use synthetic drugs in Vietnam has been on the rise, accounting for up to 46% of the country’s total drug users.
— Vietnam Insider

Minister: Economic shake-up crucial for fulfilling socio-economic targets
Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
— VietnamPlus

South Korean dies during adventure tour in Vietnam
Vietnam’s central highlands Lam Dong province has suspended all adventure tour activities at the Datanla Waterfalls in Da Lat city following the death of a South Korean tourist on Saturday, local media reported on Monday.
— Xinhua

Vietnam urged to use Hong Kong to extend international reach
Vietnamese firms can overcome their internal limitations by doing business in and with Hong Kong, experts say.
— VnExpress

Danang to be a destination for 300 wedding parties for Japanese couples
Watabe Wedding Corporation, a wedding services company in Japan, plans to use the central coastal city of Danang as a destination for the wedding parties of 300 Japanese couples over the next three years, starting next January.
— Vietnam Insider

Thai state offices to fly flags at half-mast to mark passing of Vietnamese president
Thailand has joined in mourning the passing of Vietnamese President Tran Dai Quang with all state offices and state enterprises to fly their flags at half-mast until September 26.
— NNT

Southeast Asia Capital Group Signs Contracts to Provide Copper to Vietnam
PHI Group, Inc. (www.phiglobal.com) (OTCQB: PHIL), a U.S. diversified holding company focused on mergers and acquisitions and investments in select industries and special situations, today announced that Southeast Asia Capital Group, Inc., (“SEA Capital Group”) a Nevada company established in 2004 and engaged in finance, international trade and project investment, has signed a contract with a Vietnam-based company to provide 5,000 MT of copper sheets per month to Vietnam for the next twelve months after the initial trial shipment of 3,000 MT.
— Global Newswire

Good Employers in Vietnam Receives the Prestigious HR Asia Award 2018
On the 14th September 2018, twenty-seven companies have been recognised the Best Companies to Work for in Asia by leading Human Resource publication, HR Asia in an event in Ho Chi Minh City, Vietnam.
— AEC News Today/ PR Newswires (media release)

International hotel operators flock to Viet Nam’s bustling tourism scene
Viet Nam is quickly emerging as a top global travel destination and a key focus market for international hotel groups.
— Bizhub

British Council in Vietnam announces launch of IELTS on computer
IELTS, the world’s most popular English test for higher education and migration can now be taken on a computer from 9 October 2018 onwards.
— AEC News Today/ PR Newswires (media release)

On the hunt for Vietnam’s best banh mi
Walking through Hoi An’s Old Town, in central Vietnam, the omnipresent buzz of motorbikes fills the air.
— CNN

Vietnam Has First Female President, But Activists Unimpressed
Vietnam’s appointment of its first female president belies a deep gender imbalance in the communist country’s politics and society and will do little to improve women’s rights, advocates said Monday.
— VOA

Vietnam urged to use Hong Kong to extend international reach
Vietnamese firms can overcome their internal limitations by doing business in and with Hong Kong, experts say.
— VnExpress

Vietnam cafe is ankle deep with water and fish
Who needs a cat cafe when you can have fish? At this coffee shop in Vietnam, you can sip on a cup of joe while fish swim around your feet.
— USA TODAY (video)

Hospitality sector will further develop: executives
With its still huge untapped potential, the Vietnamese hospitality market has become a hot destination for many local and foreign investors. Viet Nam News reporters Thu Ngan and Vu Hoa spoke with experts from consultancy and companies to ask about the potential of the market, foreign investment flows and how to develop it further.
— Bizhub

Coats expands its Vietnam presence
Coats, a leading industrial thread manufacturer, has unveiled the latest expansion to its global operations with the opening of a new development in Vietnam. The extension to its site in Hung Yen, near Hanoi, was formally opened by Rajiv Sharma, Group Chief Executive, at a ceremony on 21 September.
— Knitting Industry

Vietnam a great place for good food, cheap beer
Australian travel experts have rated Vietnam a top 2019 destination, citing great food, cheap beer and adventure tours.
— VnExpress

Nutifood joins hands with Swedish partner to boost export
The Vietnam Nutrition Food JSC (NutiFood) and Swedish Backahill Company have joined hands to boost export of Vietnamese dairy and organic nutrition products to European and Asian markets under a Memorandum of Understanding (MoU) inked between the two sides on September 11.
— VietnamPlus

2nd Annual Global Hotels and Resorts conference opens
Around 100 officials representing State agencies, hotel and resort developers, design and architecture firms, and solution providers from around the world are gathering today in HCM City for the Second Annual Global Hotels and Resorts conference.
— Bizhub

 

Feature photo GodImage

This week’s Vietnam morning news feature photo acknowledges the Mid-Autumn Festival on September 24.

 

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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