Vietnam morning news for April 11

Vietnam morning news for April 11

Vietnam morning news

Vietnam’s growing demand for energy
With a rapidly growing economy, Vietnam is facing an increase in energy demand which is forecasted to grow 10 percent annually. The Vietnam Energy Outlook Report 2017 released by the Vietnamese government in collaboration with the Danish Energy Agency states that electricity demand is expected to grow eight percent annually until 2035.
— Asean Post

Vietnam’s top telecom to adopt ‘self-developed’ 5G tech
Viettel Group, Vietnam’s largest mobile telecom operator, intends to use its own core technology to build a fifth-generation network as the state-owned company prepares to launch ultrahigh-speed wireless services by 2021.
— Nikkei Asian Review (paywall)

New regulations on use of foreign currencies in Vietnam
The State Bank of Vietnam recently issued Circular No. 03/2019/TT-NHNN on amending and supplementing a number of articles of Circular No. 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies across the Vietnamese territory.
— Vietnam Insider

Vietjet advances second dividend payment of 2018
Vietjet has agreed to advance a 10 per cent cash dividend payment to its shareholders, equivalent to more than VNÐ542 billion (US$23.3 million).
— Viet Nam News

Businesses borrow money from banks rather than issue bonds
The government’s decree 163, with loosened requirements on bond issuance, is expected to encourage businesses to seek capital from bond issuance and rely less on bank loans.
— Vietnam Insider

Investors open many new accounts in March
As many as 21,265 new accounts of domestic investors were opened in March, the highest number since April 2018 when the VN-Index reached its peak of 1,200 points.
— Viet Nam News

Ca Mau seeks to prevent gas shortage at industrial complex
The People’s Committee of Ca Mau Province has asked the Ministry of Industry and Trade to ensure sufficient gas supply for Ca Mau’s Gas-Power-Fertilizer Industrial Complex, which is expected to have a serious shortage by September, according to Nguyen Tien Hai, chairman of Ca Mau’s People’s Committee.
— Bizhub

VIB wins two international digital banking awards
Vietnam International Bank (VIB) has won two international digital banking awards from The Asset, making it the first bank in Vi?t Nam to receive the awards for three consecutive years.
— Viet Nam News

Vietnam ‘quietly upgrades’ facilities in West Philippine Sea
Vietnam is not ‘facing the same reaction from China’s maritime militia forces as the Philippines recently has,’ says the Asia Maritime Transparency Initiative.
— Rappler

Vietnam supports green energy development: official
The Vietnamese Government is committed to assisting energy companies in developing the market and providing energy-saving and environmentally-friendly solutions in the region and in the world, according to Minister of Trade and Industry Tran Tuan Anh.
— Nhan Dan Online

Vi?t Nam rolls out red carpet for Thai investment: Deputy PM
The Vietnamese Government, ministries and sectors have always created favourable conditions for foreign investors, including those from Thailand, to expand production and business in Vi?t Nam, Deputy Prime Minister T?nh Ðình Dung has said.
— Viet Nam News

Another wind power project to be built in Quang Tri
The People’s Committee of the central province of Quang Tri has recently allowed Huong Linh 3 Wind Power JSC to invest in a wind power plant project with total capital of 1.53 trillion VND (65.8 million USD).

Wood exports surge 15.6 percent in Q1
Vietnam’s exports of wood and timber products in the first quarter of this year reached 2.3 billion USD, up 15.6 percent year-on-year, the Ministry of Agriculture and Rural Development reported.

ICT giant CMC Corporation launches new open ecosystem, eyeing knowledge and data sharing to boost digital economy
The telecoms and IT giant CMC Corporation on Tuesday (April 9) launched the open ecosystem for enterprise (C.OPE2N) – the first of its kind in Vi?t Nam – to help foster a digital economy and a “Vietnam 4.0”.
— Viet Nam News

Conference reviews Vietnam-China fishery agreement implementation
The Vietnam Coast Guard (VCG) has well performed its task as a liaison agency between Vietnam and China in monitoring the implementation of the countries’s agreement on fishery cooperation in the Tonkin Gulf.

Vietnamese man arrested with tiger skin, bones on China border
Border guards in northern Vietnam arrested a man early on Wednesday when he was allegedly carrying tiger skin and bones into China.
— Vietnam Insider

Vietnam to face competition from India in aquaculture exports
Vietnam’s aquaculture exports will face stronger competition from India in the traditional market of Japan, because India is striving to triple the domestic aquatic product output in the near future.

Burger King faces boycott in Vietnam after spiking ‘racist’ chopsticks ad
Burger King franchises are under direct attack from the Vietnamese community, despite the brand pulling an ad promoting its Vietnamese-inspired burger that was deemed ‘racist’ by online commenters.
— The Drum

Vietnam News Agency boosts cooperation with Mexican counterpart
Vietnam News Agency (VNA) and Mexico’s official news agency Notimex have agreed to boost information exchanges within the framework of their cooperation agreement recently signed in Mexico City.

Saigon textile expo attracts over 1,000 companies
Saigon Tex and Saigon Fabric 2019 that opened in HCM City on April 10 offers local and foreign textile and garment companies a good opportunity to promote their brands and expand their market and seek partners
— Viet Nam News

Quang Tri to mark national reunification with grand festival
The central province of Quang Tri will hold a festival to mark the 44th anniversary of the liberation of South Vietnam and national reunification (April 30) and the 47th anniversary of the liberation of the province (May 1).

HCM City to build underground reservoirs to draw floodwaters
HCM City’s Steering Centre for the Urban Flood Control Programme has sought the People’s Committee’s approval to build five more underground reservoirs using Japanese Crosswave technology to prevent floods in the city.
— Viet Nam News

US State Department Says Vietnam Ending Ban on Locals Gambling Increases Money Laundering Risks
The US State Department has issued concerns over the Vietnam government deciding to end the county’s prohibition on citizens having access to integrated casino resorts.

US, Vietnam strategic partners in all but name
In a meeting with Nguyen Phu Trong, which took place just hours before his sit-down with the North Korean leader Kim Jong Un in Hanoi, on February 27, US President Donald Trump invited his Vietnamese counterpart to visit his country this year, and the latter accepted the invitation.
— Asia Times

WWF backs forest biodiversity conservation in Thua Thien-Hue
The World Wide Fund for Nature (WWF) has committed 3.5 million USD in financial support for forest biodiversity conservation in the central province of Thua Thien-Hue during 2012-2022.

Emirates offers summer promotion tickets
Emirates offers summer promotion fares for customers from Vi?t Nam who book tickets from now until April 22 and travel from April 15 until November 30, 2019.
— Viet Nam News

Party delegation visits US to seek stronger partnership
A delegation from the Communist Party of Vietnam (CPV) led by Nguyen Van Binh, a Politburo member and Secretary of the CPV Central Committee, started a visit to the US from April 8.

Ho Chi Minh City, Vietnam travel guide and things to do: Nine must-do highlights
Saigon, or officially Ho Chi Minh City, is divided into a series of districts with District One the main hotel, dining and retail area where visitors inevitably congregate.
— Traveller

Kien Giang’s exports down 20.1 pct in Q1
The Mekong Delta province of Kien Giang earned over 107 million USD from exports in the first quarter of this year, or 15.8 percent of the yearly plan, down 20.1 percent year-on-year.

South Korea’s Big Bet on Vietnam Doesn’t Add Up
When one conglomerate has its eye on another, discounts go out the window.
— Washington Post

Vietnamese Trade Counselor: benzoic acid still used in some food in Japan
The benzoic acid additive that Japanese authorities discovered in Chinsu-branded chilli sauce imported from Vietnam is being used in some food in Japan, according to Vietnamese Trade Counselor in Japan Ta Duc Minh.


Feature photo Max Pixel


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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