Vietnam morning news for April 26

Vietnam morning news for April 26

Vietnam morning newsVietnam Jan-Apr FDI inflows rise 7.5 pct y/y to $5.7 bln – ministry
Vietnam received $5.7 billion in foreign direct investments (FDI) in the first four months of this year, up 7.5 per cent from a year earlier, the Ministry of Planning and Investment said on Thursday. FDI has been a key driver of Vietnam’s economic growth. Companies with FDI account for more than 70 per cent of the Southeast Asian country’s exports.
— Devdiscourse

China becomes Vietnam’s 4th biggest foreign investor in 4 months: media
China has so far this year invested about 1.6 billion U.S. dollars in Vietnam, making it the country’s fourth largest source of foreign investment, daily newspaper Vietnam News on Thursday quoted the Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment as reporting.
— China.org

Vietnam’s economy to grow 6.6 pct in 2019: World Bank
Vietnam is projected to post economic growth of 6.6 percent in 2019, driven by credit tightening, slower private consumption and weaker external demand, the World Bank in the country on Wednesday quoted the bank’s latest report on economies in East Asia.
— Xinhua

LG Electronics to shut South Korea phone plant, move production to Vietnam
LG Electronics Inc said on Thursday (Apr 25) it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganising production as they battle a slump in global demand.
— Channel NewsAsia

Japan among biggest sellers of plastic waste to Vietnam
The biggest exporters of plastic recyclable waste to Vietnam are Japan, Hong Kong and Thailand, according to environmental organization Greenpeace.
— VnExpress

Baby abandoned in plastic bag in Vietnam gets medical help in Singapore
She turned a month old today (April 24), but little Trieu Hoai An has had a difficult life.
— AsiaOne

Vietnam just recorded its highest-ever temperature
Global warming and heat wave has gripped the world tight and we got a proof the last weekend when mercury in Vietnam touched an all-time high. Huong Khe district in Ha Tinh province that’s located about 150 miles south of the capital Hanoi saw the temperature soar to 110 degrees Fahrenheit (43.4 degrees Celsius).
— Down to earth

Promoting stable, healthy and sustainable development of Vietnam-China relations
Vietnamese Prime Minister Nguyen Xuan Phuc today heads a high-ranking delegation to attend the second Belt and Road Forum for International Cooperation in Beijing, at the invitation of Chinese General Secretary and President Xi Jinping.
— Nhan Dan Online

Work on Hanoi second metro’s four underground stations set to begin
The construction of underground stations for Hanoi’s second metro route will start in June and finish by the end of next year.
— VnExpress

Hanoi Plas Print Pack 2019 kicks off
The 2019 Hanoi Plas Print Pack, a biennial international exhibition on the plastic, print and packaging industry, kicked off at the Hanoi International Centre of Exhibition in Hanoi on April 24.
— Nhan Dan Online

Vietnam, China begin fishery inspection in Gulf of Tonkin
The Vietnamese and Chinese coast guards began their joint fishery inspection for 2019 in the Gulf of Tonkin on April 24.
— Nhan Dan Online

Foreign automobile manufacturers intensify presence in Vietnam
There are now over 40 enterprises involved in automobile assembly and production in Vietnam and most of them are of small and medium size, with designed capacity of producing and assembling about 800,000 vehicles a year, but they are producing below the designed capacity.
— The Hanoitimes

Hanoi remains Vietnam’s most appealing destination for foreign investment
FDI commitments in the January – April period reached a four-year high of US$14.59 billion, up 81% year-on-year.
— The Hanoitimes

Vietnam Airlines puts into use phone check-in service
The national flag carrier Vietnam Airlines announced that it will start to apply check-in service via phones from April 26.
— Sggp News

Coal-fired power plant development must come with environmental protection
Phạm Trọng Thực, deputy director general of the Industrial Safety Technique and Environmental Agency under the Ministry of Industry and Trade, talks to Công Thương (Trade and Commerce) newspaper on the national plan to develop coal-fired power plants
— Viet Nam News

Vietnam currency falls to historic low
The Vietnamese dong has fallen to its lowest level ever against the U.S. dollar, and banks are fixing their exchange rates accordingly.
— VnExpress

Vietnam attends Moscow conference on international security
A high-ranking military delegation of Vietnam is attending the eighth Moscow Conference on International Security that opened in the Russian capital on April 24.
— Nhan Dan Online

JinkoSolar supplies 100MW of PV modules for large-scale project in Vietnam
JinkoSolar has supplied 100MW of its high efficiency PV modules for the Srepok 1 and Quang Minh Solar Power Plant Complex, which stands as one of Vietnam’s largest solar power projects up to today.
— PV Tech

Free biochemical tests and X-rays to be offered once a year: Ministry
The Ministry of Health plans to provide free biochemical tests and X-rays once every year, Minister of Health Nguyễn Thị Kim Tiến said during a visit to Tân Quý Ward health station in HCM City’s Tân Phú District on Tuesday.
— Viet Nam News

Vietnam cement sales advance 11% in March
Domestic sales in Vietnam increased 19 per cent YoY and 147 per cent MoM to 6.797Mt in March 2019, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales were up 120 per cent YoY to 2.338Mt and sales by its affiliated companies saw a 17 per cent rise to 1.949Mt. Other companies added a further volume of 2.51Mt (+20 per cent YoY) to total domestic sales.
— Cemnet

Vietnam vows to join int’l efforts in ending sexual violence during conflict
Vietnam will work closely with the international community in preventing and stamping out sexual violence during conflicts, said Ambassador Dang Dinh Quy, head of the Vietnamese mission to the United Nations (UN).
— Nhan Dan Online

Vietnam leader Nguyen Phu Trong suffering from illness: Sources
Vietnamese leader Nguyen Phu Trong, the architect of the Southeast Asian country’s anti-corruption drive, has been suffering from an unspecified illness, four diplomatic sources have told Reuters.
— Channel NewsAsia

Uniqlo hunts personnel for first Vietnam store
According to advertisements on Jobstreet.com, a recruitment website, the Japanese corporation is looking for managerial and store level candidates urgently for its first store in Ho Chi Minh City.
— Retail News

Programme bolsters industrial development in rural areas
The national industry encouragement programme from 2014 to 2018 has contributed largely to industrial development in rural areas, thus promoting the economic structure shifting towards industrialisation, modernisation, and new-style rural area building, said Minister of Industry and Trade Tran Tuan Anh.
— VietnamPlus

Exchange rate forecast to be stable in 2019
The Vietnamese dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast.
— Bizhub

Vietnam’s Deputy PM says transport businesses must take responsibility for accidents
Deputy Prime Minister Trương Hòa Bình said loose management by transportation businesses, revenue pressures and extended working hours for drivers are still commonplace, contributing to the nation’s traffic safety issues.
— Eleven Myanmar

Vietnam Airlines to list on HoSE on May 7
Along with an increase in the volume of listed stocks, the stable growth of HVN shares has helped to raise the capitalisation value of Vietnam Airlines to more than VNĐ57 trillion
— Viet Nam News

What’s stopping corporates from switching to clean energy in Vietnam?
Large-scale solar energy uptake is growing in Vietnam, but barriers persist to a thriving market for corporate renewable energy. How can Vietnam move faster to fulfill its clean energy ambitions?
— Eco-business

Việt Nam, China trade ties continue to develop
Economic and trade relations between Việt Nam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Việt Nam is fast becoming an attractive investment destination for Chinese enterprises.
— Viet Nam News

Customs agents arrest man for smuggling 10kg of tusks
Customs agents at Tân Sơn Nhất International Airport and the Anti-Smuggling Investigation Department on Wednesday arrested a man for trying to smuggle 10kg of elephant tusks into the country.
— Viet Nam Net

Masan reveals plans to enter home personal care, retail sectors
Shareholders of Masan Group Corporation approved a number of targets for 2019 and profit distribution plans at its annual general meeting held in HCM City on Wednesday.
— Viet Nam News

Asia Rice: Vietnam rates gain on fears Mekong water woes may hurt crops
Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country’s rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs.
— Yahoo News

National industry promotion programme must be renovated
The national industry promotion programme is set to focus more on creating breakthroughs for rural industries in enhancing productivity, quality and competitiveness of industrial and handicraft products, according to an official
— Viet Nam News

LOTTE Mart launches eco-green campaign
LOTTE Mart is carrying out a campaign called Eco-green. I Act, You Too with the desire to inspire customers to reduce the use of plastic bags and replace them with environmentally-friendly bags.
— Viet Nam News

Holborn Assets expands in Asia with new office in Vietnam
Holborn Assets, one of the world’s largest independent financial advisory firms today announced that it is expanding its Asian footprint with a new office in Vietnam’s commercial capital of Ho Chi Minh.
— International Investment

Mekong Delta needs to develop logistics to cut export costs: conference
Developing logistics is an urgent requirement to develop the Cửu Long (Mekong) Delta’s economy, a conference on improving its agriculture and aquaculture value chains heard in Cần Thơ on Tuesday.
— Viet Nam News

Expansion planned for Noi Bai Airport
Hanoi’s Noi Bai International Airport will be expanded and has its capacity raised to 80 million passengers per year by 2050.
— Vietnam Insider

VN stocks extend gains for second day despite low liquidity
Vietnamese shares climbed on Tuesday as foreign investors eyed large-cap stocks in the VN30 basket, despite a sharp drop in trading liquidity that indicated poor market sentiment.
— Viet Nam News

Viettel posts $2.34 billion revenue in Q1
The group said the boom of 4G and increasing use of mobile data contributed to the success
— 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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