Vietnam morning news for April 18

Vietnam morning news for April 18

Vietnam morning news

No capital shortages for prioritised sectors: central bank
The banking sector pledged to meet the capital demand for production and business, especially in five prioritised sectors, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said at a conference connecting enterprises and banks in Hanoi on April 16.

Vietnam carries potential to be a cybersecurity powerhouse: minister
Vietnam has one of the best human resources in this world to become a cybersecurity powerhouse, says information minister.
— VnExpress

Petrol prices continue to rise
The retail prices of petrol and oil continued to increase significantly in the latest review of the ministries of Industry and Trade and Finance at 3pm on Wednesday.
— Viet Nam News

EU remains top market of Vietnamese shrimp
The European Union (EU) was the largest market of Vietnamese shrimp in the first two months of 2019, according to the Vietnam Association of Seafood Entrepreneurs (VASEP).

AirAsia abandons Vietnam venture
AirAsia’s wholly-owned unit, AirAsia Investment Ltd, together with Gumin Company Ltd and Hai Au Aviation Joint Stock Company, have mutually agreed to terminate the agreement to set up a joint venture in Vietnam, effective today.
— The Star Online

Vietnam: Hoang Anh Gia Lai Agrico profits from bananas
Agriculture giant Hoang Anh Gia Lai Agrico has forecast that revenues from banana sales will be around VND10 billion ($430,900) a day this year.
— Fresh Plaza

Central province’s Q1 investment surpasses yearly target
The central province of Thừa Thiên Huế granted approval in principle for seven projects with a total investment capital of more than VNĐ13 trillion (US$558 million) in the first quarter of this year.
— Viet Nam News

Vietnam Airlines gets permission for listing on HoSE
The national carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Ho Chi Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse.

Vietjet Air offers 1.45 million promotional tickets
Vietjet Air is offering passengers 1.45 million super-saving tickets starting from zero dollars from April 17-19 to celebrate its newest international route from Ho Chi Minh City to Indonesia’s resort island of Bali.

Asahi JV launches new mother and baby formula range to drive growth in Vietnam
Asahi-Nutifood — the joint-venture firm consisting of Asahi Group Foods and Vietnam Nutrition Food JSC (Nutifood) — has announced the launch of its new range of infant and maternal formula products for the Vietnamese market.
— Food Navigator

Japan’s Marubeni Corp asked to boost ties with Vietnamese firms
Deputy Prime Minister Trịnh Đình Dũng received CEO of Marubeni Corporation Masumi Kakinoki in Hà Nội on Tuesday, calling on his firm and other Japanese businesses to increase co-operation with Vietnamese firms.
— Viet Nam News

Vietnam, Nigeria seek stronger investment, trade ties
There is great potential for trade cooperation between Vietnam and Nigeria and investment in many sectors like agriculture, agricultural processing, garment, footwear, mining, and production of construction materials, a forum heard in Ho Chi Minh City on April 16.

No capital shortages for prioritised sectors: SBV
The banking sector pledged to meet the capital demand for production and business, especially in five prioritised sectors, Deputy Governor of the State Bank of Việt Nam Đào Minh Tú said at a conference connecting enterprises and banks in Hà Nôi on Tuesday.
— Viet Nam News

Boosting tra fish quality urged to match up to Chinese competition
Vietnam’s tra fish (pangasius) industry has been urged to strongly improve its quality so as to compete with not only traditional rivals, but also its biggest tra fish importer – China.

Trần Anh Digital to terminate all branches
The management board of Trần Anh Digital World JSC has approved a plan to terminate all its branches, which will be carried by the company’s chairman, reported.
— Viet Nam News

RoK’s LS Group to sponsor 2019 V-League 2
The Republic of Korea (RoK)’s LS Group – a manufacturer of electrical equipment, electronics, energy, and materials – will be a major sponsor of the Vietnamese National Football First League (V-League 2) 2019.

Party official calls for further support for blind community
The Vietnam Fatherland Front and other socio-political organisations should promote communications work and mobilise resources to better support blind people, helping them improve their livelihoods and well integrate into society, a senior Party official said. ​

MPOS mobile card payment leads the growth of payment channels in 2018
2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 per cent year-on-year increase, according to the Việt Nam Bank Card Association (VNBA).
— Viet Nam News

As Trade Grows, Port of Oakland Gets Shipping Line to Vietnam
Boosted by extraordinary trade growth with Vietnam, the Port of Oakland will offer a direct line to the Southeast Asian nation.
— TT News

REE targets $240 million revenue this year
Refrigeration Electric Engineering Co (REE) plans to earn nearly VND5.6 trillion (US$240.8 million) in revenue this year, up 10 per cent…

More manufacturers enter e-motorbike market
The Vietnamese electric motorbike market is seeing the participation of more and more domestic and foreign manufacturers.
— Viet Nam News

More solar panels installed in southern localities
Over 1,000 clients installed solar panels with a total capacity of nearly 2.5 million kWh on rooftops in 21 southern cities and provinces as of April 15, according to the Electricity Vietnam’s Southern Power Corporation (EVNSPC).

Vietnam dominates Southeast Asian karate champs
Vietnam topped the 8th Southeast Asian Karate Federation Championship which has closed in Bangkok, Thailand.

Quang Tri on its way to be free of UXO impact in 2025
The central province of Quang Tri had cleared more than 9,100 ha of land contaminated with unexploded ordnance (UXO) as of mid-April, helping ensure safety for residents and promoting socio-economic development.

Collaboration necessary for environmental protection strategy
The national strategy on environment protection should cover more issues other than just biodiversity conservation, waste management and monitoring.

Vingroup opens new AI research institute
On Wednesday, giant IT-real-estate-manufacturing-retail conglomerate Vingroup opened VinAI Research, a research institute focusing on artificial intelligence (AI) with the goal of elevating Việt Nam’s role in the AI world.
— Viet Nam News

Few stock-focused funds beat VN-Index in Q1
Viet Nam’s benchmark VN-Index grew beyond expectations in the first quarter of 2019, but a number of investment funds were unable to outperform the…

Over 350 artisans to show off skills at Hue Traditional Craft Festival
More than 350 artisans and 62 craft production facilities and villages, both domestic and international, have registered to participate in the Hue Traditional Craft Festival, which is scheduled to take place from April 26 till May 2, the festival’s organiser said.

HCM City: Kylin-Lion-Dragon Dance champs to thrill audiences
The Kylin-Lion-Dragon Dance Championship of Ho Chi Minh City’s District 5 is scheduled to take place at The Garden Mall from April 26-28.

OCOP International Trade Fair opened in HCM City
A One Commune One Product (OCOP) International Trade Fair and Lifestyle Vietnam 2019 – Handicraft and Gift International Trade Fair opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on April 17.

VUFO leader receives US legislative assistant delegation
Leaders of the Vietnam Union of the Friendship Organisations (VUFO) and Vietnam – US Friendship Association hosted a delegation of US legislative assistants in Hanoi on April 16.

Ha Noi Stock Exchange sets sights on modest profit of $13.2m in 2019
The Ha Noi Stock Exchange (HNX) eyes VND308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VND594.3 billion…

Regional collaboration necessary for national environment protection strategy
The national strategy on environment protection should cover more issues other than just biodiversity conservation, waste management and monitoring.
— Viet Nam News

Leading garment makers to display products in Hong Kong
More than 30 leading Vietnamese producers of garments, textiles, handicrafts and fashion accessories will be showcasing their products at one of Asia’s largest exhibitions to be held in Hong Kong at the end of this month.

Hanoi students presented with 10,000 qualified helmets
Qualified helmets have been presented to 10,000 students across Hanoi under a programme organised by the Vietnam Grand Prix company, aiming to convey traffic safety messages to the young.


Feature photo

This week’s Vietnam Morning News feature photo acknowledges the Hung Kings Festival


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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