Vietnam morning news for April 24

Vietnam morning news for April 24

Vietnam morning newsAgro-forestry-fishery exports fetch 12.4 billion USD in four months
Export revenues of agro-forestry-fishery products in April is estimated to hit 3.5 billion USD, pushing the figure in the first four months of this year to 12.4 billion USD, equivalent to the figure recorded in the same period last year, reported the Ministry of Agriculture and Rural Development.
— VietnamPlus

Đang Nai seeks investors for 12 infrastructure projects
The People’s Committee of the southern province of Đang Nai has announced a list of 12 infrastructure projects, calling for investment worth more than US$1.2 billion in total.
— Viet Nam News

Vietnam blockchain startup Utop raises US$3M from two large corporates
The Vietnamese blockchain-based startup receives the funding from the MoU signed by SBI Holdings and fellow Vietnamese tech firm FPT Corporation Blockchain-based startup Utop has received backing from Vietnamese tech firm FPT Corporation and Japanese financial services company SBI Holdings, as …
— e27

AirAsia still wants a presence in Vietnam
Malaysia’s AirAsia is still keen on a Vietnam presence despite terminating its latest attempt to launch a joint venture budget airline in the country.
— Impactpub

More than 35 million tonnes of cement sold in four months
Vietnam sold more than 35 million tonnes of cement at home and abroad in the January-April period, up 8 percent year on year.
— VietnamPlus

Vietnam telcos ready to pilot mobile money
Vietnamese operators MobiFone, VNPT and Viettel have all submitted proposals to participate in pilot mobile money services.
— Telecomasia

Go-Viet appoints former Facebook Vietnam director as general manager
Ride-hailing startup Go-Jek‘s Vietnam unit Go-Viet has appointed Christy Le to serve as its new general manager.
— Tech in Asia

Cashew processors face difficulties with raw material imports
Domestic cashew processing enterprises have been facing difficulties due to a new regulation that requires additional checks on raw materials imported from African ports.
— Viet Nam News

China’s belt and road may accelerate exit of manufacturing to Vietnam and India, researchers warn
The trade war with the United States coupled with the “Belt and Road Initiative” has the potential to add further pressure to China’s sluggish economy and debt pile, according to researchers, as the benefits of manufacturing in the mainland decrease.
— Yahoo news

Dung Quất refinery earns $26m in Q1 post-tax profit
In Q1, the factory turned out more than 1.7 million tonnes of products and earned over VNĐ23.05 trillion in revenue.
— Viet Nam News

Anti-vaccination trends risk return of eradicated diseases, warn health experts
Falling vaccination rates in Vietnam could destroy herd immunity and cause eradicated diseases to return, health officials warned.
— VnExpress

Largest bio-organic fertiliser plant in northern region opens
Ho Chi Minh City-based Que Lam Group has inaugurated its bio-organic fertiliser plant, built at a cost of VND500 billion (US$21.54 million), in the northern province of Vinh Phuc.
— Nhan Dan Online

Ministry of Finance proposes increasing wastewater fees
The fee is planned to be equivalent to 15 per cent of the water price (VAT excluded), compared to 10 per cent as previous
— Viet Nam Net

Vietnamese seafood products in the spotlight in Seoul
Seafood products from Việt Nam have received attention from foreign customers at the 2019 Seoul International Seafood Show, which opened in South Korea’s capital city on Monday.
— Viet Nam News

South Korean firms explore investment opportunities in VN
Firms from the Republic of Korea (RoK) were expecting to increase investments in information technology, biotechnology, food processing and part-supplying industry in Việt Nam, attendees were told at a conference on Monday in Hà Nội.
— Viet Nam News

Banks offer free services to lure customers
Free transactions help customer reduce significant monthly fees and makes them feel comfortable in using the services
— Viet Nam News

Cashew processors face difficulties with raw material imports
Domestic cashew processing enterprises have been facing difficulties due to a new regulation that requires additional checks on raw materials imported from African ports.
— Viet Nam News

Omani businesses seek partners in Việt Nam
Representatives of Vietnamese and Omani enterprises met in Hà Nội on Monday to discuss ways to promote business and trade ties between the two countries.
— Viet Nam News

Daily trading limit for individual e-wallets set at VNĐ20m: draft
A daily trading limits for individual e-wallets would be set at VNĐ20 million (US$850) and VNĐ100 million per month, according to a draft circular from the State Bank of Việt Nam recently made public for comment.
— Viet Nam News

HDBank among 5 fastest growing lenders this year
HDBank is among the five fastest growing banks this year and 50 fastest growing enterprises in Việt Nam, according to the Vietnam Report (VNR).
— Viet Nam News

Top 10 Sao Khuê awards winners post US$111 million revenue
The total revenue of top 10 firms receiving Sao Khuê Awards 2019 reached VNĐ2.6 trillion (US$111 million).
— Viet Nam News

Vietnam’s coffee prices fall; trade slows in Indonesia
Coffee trading has been slow this week in Vietnam due to weak prices, while elections in Indonesia saw traders keep to the sidelines. Farmers in Vietnam’s Central Highlands sold coffee at 30,500-31,400 dong ($1.35)($1.31-$1.35) per kg on Thursday, compared with 30,900-31,800 dong last week.
— Business Recorder

VN stocks fall on disappointing Q1 earnings
Vietnamese shares pared early losses on Monday as oil and gas stocks moved higher to buoyed investor confidence from disappointing Q1 corporate earnings.
— Viet Nam News

Tourism stocks likely to heat up during peak season
Summer is the peak season for tourist companies and high sales and dividend rates are expected to drive tourism shares up in the coming months.
— Viet Nam News

Vietnamese mid-corporates need new strategies in emerging technologies
Mid-sized corporates in Việt Nam and other ASEAN countries, need to devise new strategies, from digitalisation to partnerships and overseas ventures, to build growth against major shifts in their respective sectors of operation, according to a Standard Chartered thought leadership report.
— Viet Nam News

Vinh Tan 4 Extension thermal power plant successfully connected to grid
The Vinh Tan 4 Extension thermal power plant, located in Binh Thuan province, was successfully connected to the national grid for the first time on April 22, 71 days ahead of schedule.
— Nhan Dan Online

Daily trading limit for individual e-wallets set at VNĐ20m: draft
A daily trading limits for individual e-wallets would be set at VNĐ20 million (US$850) and VNĐ100 million per month, according to a draft circular from the State Bank of Việt Nam recently made public for comment.
— Viet Nam News

Bình Dương, Đang Nai expect higher growth in wood products with CPTPP
Bình Dương and Đang Nai provinces, which have the highest export growth rate and number of businesses in the wooden products sector, are poised to take advantage of the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
— Viet Nam News

South Korean firms explore investment opportunities in VN
Firms from the Republic of Korea (RoK) were expecting to increase investments in information technology, biotechnology, food processing and part-supplying industry in Việt Nam, attendees were told at a conference on Monday in Hà Nội.
— Viet Nam News

SeABank listed among Vietnam’s 500 fastest growing firms
The Southeast Asia Commercial Joint Stock Bank (SeABank) has been named in the FAST500 – a list of 500 companies with the fastest growth rate in Vietnam.
— VietnamPlus

Top 10 Sao Khuê awards winners post US$111 million revenue
The total revenue of top 10 firms receiving Sao Khuê Awards 2019 reached VNĐ2.6 trillion (US$111 million).
— Viet Nam News

Vietnamese firms to introduce products at South African supermarkets
The Department of Asian-African Markets under the Ministry of Industry and Trade plans to organise a business delegation to South Africa from May 8-16 where they will introduce Vietnamese agricultural products at local supermarkets.
— Nhan Dan Online

Banks offer free services to lure customers
Free transactions help customer reduce significant monthly fees and makes them feel comfortable in using the services
— Viet Nam News

Frozen products spur hot growth at KIDO
Food producer KIDO Group said its frozen business has helped increase profits by 21 per cent in the first quarter of this year to VNĐ317 billion (US$13.9 million).
— Viet Nam News

Vietnam: from utopia to geopolitical reality
In December 1955, the newly elected president of South Vietnam, Ngo Dinh Diem, adopted a nationality law that stipulated that all Chinese born in Vietnam were entitled to Vietnamese nationality. There were at the time some 650,000 Chinese in South Vietnam, practically all of whom held Taiwan passports.
— Asia Times

Tourism stocks likely to heat up during peak season
Summer is the peak season for tourist companies and high sales and dividend rates are expected to drive tourism shares up in the coming months.
— Viet Nam News

 

Feature photo Lanka TEFL Training Institute

This week’s morning news photo features World Book and Copyright Day, April 23.

 

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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