Vietnam morning news for December 10

Vietnam morning news for December 10

Vietnam morning news

Vietnam Ministry May Cut Some Tariffs on U.S. Agriculture
Under pressure from the U.S., Vietnam’s Ministry of Finance is proposing to reduce tariffs on some American agriculture products, from chicken to apples.
— Bloomberg

Vietnam to import more electricity from Laos
Vietnam will import an additional 200 MW of electricity from Laos next year, taking the total to 1,200 MW.
— VnExpress

Vietnam struggles to meet car localization target
Vietnam’s 20-year auto industry is still far away from meeting its localization target to better compete with regional competitors.
— VnExpress

Vietnam strives to join upper middle-income countries
While growth in most regions has slowed down, Vietnam’s economy is recovering strongly with GDP expanding by an average 6.84% during the 2016-2020 period, beating the set target and marking the highest figure in the past three five-year periods.
— NDO

Vietnam second among ASEAN members in attracting fintech funding
Vietnam’s fintech firms secured $410 million, or 36 percent of the global capital pouring into Southeast Asia between January and September, behind Singapore.
— VnExpress

Vietnam’s Richest Man Bets $2 Billion to Sell Cars to Americans
Follow Bloomberg on LINE messenger for all the business news and analysis you need.
— Yahoo News

Zahradil ‘conflict of interest’ over EU-Vietnam trade deal
An MEP spearheading EU trade talks with Vietnam says he doesn’t have to declare his role in a group with ties to the ruling repressive communist state regime in Hanoi – despite European Parliament rules.
— Eurobserver

US enters customs assistance agreement with Vietnam
The U.S. government has entered an agreement with Vietnam to work together with the Southeast Asian country on security and facilitation of legitimate trade.
— Freight Waves

Affordable homes still a dream for many Vietnamese workers
Only 28 per cent of industrial zone workers are provided with stable accommodation, while the rest have to rent houses with poor sanitation and infrastructure.
— Vietnam Insider

Several real estate, construction firms owe large amount of tax arrears
The Ho Chi Minh City Department of Taxation has just publicized more than 1,500 enterprises owning tax with total tax arrears, fines and late payment of more than VND3.3 trillion.
— Sggp news

Vietnam is the largest and the fastest-growing market for Reinforcement Materials by 2022
Reinforcement materials form composites where a homogeneous matrix component is fortified by a robust additive that is usually fibrous in nature. Sustainability and structural strength of reinforcement materials has made it ideal for use in automotive.
— Denton Chronicle

How long will Vietnam stay in the top 20 in economic growth?
Vietnam could drop out of the Top 20 economies of global growth. Is this because Vietnam is going more slowly or the world is going faster?
— Vietnam Insider

Vietnamese enterprises urged to prepare for changes in tax policy
These policies not only introduce new tax treatments such as e-commerce transactions, re-auditing or the application of penalties, but also introduce new regulations of tax compliance and audit management.
— The Hanoitimes

HCMC should keep one-third of budget revenues for itself: chairman
Ho Chi Minh City has the lowest budget retention rate of all cities in the world, and this should change, its chairman says.
— Vietnam Insider

Vietnam tightens supervision on foreign investment to prevent origin frauds
A number of foreign-invested firms have falsely labeled their products as originating from Vietnam to avoid trade safeguard instruments amid the US-China trade war.
— The Hanoitimes

Southeast Asia’s GDP growth to remain at 4.5 per cent in 2020
Economic growth across the Southeast Asia region will slow down from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020, amidst high risks of a re-escalation in trade tensions, according to the ICAEW’s latest Economic Update: Southeast Asia report.
— Vietnam Insider

Vietnam remains Laos third largest investor with US$4.22 billion to date
Vietnam agrees to purchase 1,200 megawatts of electricity from Laos in 2020, exceeding the original plan of 1,000 megawatts, and 5,000 megawatts until 2030.
— The Hanoitimes

Cruise ship to connect Mekong Delta with Cambodia
The four-star Victoria Mekong cruise ship is set to start carrying tourists on a route between Vietnam’s Can Tho City and Cambodia’s capital of Phnom Penh on December 11, Thien Minh Group said recently.
— VoV

Vietnam Wonders if it Should Outlaw Loan Sharks
In the Vietnamese action blockbuster “Furie” viewed mostly on Netflix, the protagonist puts her gang days behind her and becomes a debt collector. The fact that filmmaker Veronica Ngo, whose recent credits include the Star Wars film The Last Jedi, chose this as a plot detail reflects how debt collection is a fairly well known part of life in Vietnam.
— VOA

Vietnam’s economy experiences strong growth
Vietnam’s economy is experiencing strong and sustainable developments, which may bring the country into the top 20 economies in the world by 2050, from the current 32nd position.
— NDO

Vietnam and the Netherlands Developing sustainable and inclusive agricultural value chain and trade platform
On the invitation of Dutch Deputy Prime Minister cum Minister of Agriculture, Nature and Food Quality of the Netherlands H.E. Mrs. Schouten, Minister of Agriculture and Rural Development of Vietnam H.E. Dr. Nguyen Xuan Cuong will pay a working visit to the Netherlands from 9 to 11 December 2019.
— Netherlands and you

HCMC’s bad debt ratio reduced to 2.2 percent
According to the State Bank of Vietnam – Ho Chi Minh City Branch, since the beginning of this year, the city’s banking industry has handled more than VND72 trillion of bad debts, reducing the amount of bad debts to VND49 trillion, accounting for 2.2 percent of total outstanding loans.
— Sggp news

Vietnam’s golden solar years aren’t over, despite policy changes
Vietnam is looking to replace its solar tariffs that ushered in a golden era for solar power in the country with an auction scheme. What will change for developers, and can the new policy live up to Vietnam’s earlier success?
— Eco-business

A third of Southeast Asian e-commerce traffic happens in Vietnam
Vietnam accounted for 30.9 percent of e-commerce web traffic in Southeast Asia in Q3, second only to Indonesia, a report says.
— VnExpress

Central city to see more three new direct flights
New daily regular air routes connecting the central city with Taiwan, Hong Kong and Singapore will be operating from December 12-20, offering more options for local and foreign tourists as well as businessmen travelling in the New Year.
— Viet Nam News

Vietnam will develop offshore wind energy
The mayor of Vietnam’s offshore wind energy project, “Thang Long-Wind”, is studying in order to proceed with the investment for its construction, as indicated by the country’s Ministry of Industry and Commerce.
— Evwind

Farm Manager greenhouse vegetable production – Vietnam
Our client is the leading fresh produce company of Vietnam. It is their mission to let the world discover the fantastic Vietnamese fruit and vegetables, and to make the Vietnamese consumer proud again of their own home-grown food.
— Fresh Plaza

Vietnam Travel & Tourism Summit 2019 opens in Hanoi
The Vietnam Travel & Tourism Summit 2019 opened in Hanoi on December 9 with four symposiums taking place in the morning to discuss bottlenecks of Vietnam’s tourism.
— VietnamPlus

Finance ministry proposes cutting import taxes on chicken, pork
The Ministry of Finance has recently sent Dispatch No.14813/BTC-CST to competent ministries and sectors, suggesting cutting import on chicken and pork products.
— VietnamPlus

HCMC should keep one-third of budget revenues for itself: chairman
Ho Chi Minh City has the lowest budget retention rate of all cities in the world, and this should change, its chairman says.
— VnExpress

Aeon Vietnam opens second mall in Hanoi
Located in Hanoi’s southwestern district of Ha Dong, the three-storey mall occupies a 22,700sqm area, featuring 221 retail tenants covering food, fashion, household goods and entertainment. The new mall brings more than 40 brands new to the city including Koi tea, The, Dune London, Idoome, Jack & Jones, Kipling and Typo.
— Insider Retail

Low coffee prices upset farmers in spite of bumper crop
At this time, coffee farmers in Binh Phuoc, Dong Nai and Dak Nong provinces are entering harvest season.
— Sggp news

Interloan receives US$500K investment to provide unsecured loans to working professionals in Vietnam
Interloan, a P2P lending platform for salaried professionals in Vietnam, has secured US$500,000 in investment from Phoenix Holdings.
— e27

HCM City could become fintech hub: experts
HCM City, the country’s commercial hub, has the potential to become a fintech hotspot of the country and region, according to experts.
— Viet Nam News

Vietnam defender hospitalized over exhaustion after brave SEA Games women’s football showdown with Thailand
A defender of the Vietnamese national women’s football team has been admitted to a hospital in Manila over exhaustion after a brave finale against Thailand at the 2019 Southeast Asian (SEA) Games on Sunday.
— Vietnam Insider

Việt Nam to fall short of fisheries export target
Việt Nam’s fisheries exports are unlikely to meet the US$10 billion target set by the Government for this year because of the multiple challenges like the US-China trade war, lack of demand and increasing competition.
— Viet Nam News

Vietnamese keeps close watch on foreign investment to prevent product origin fraud
A number of foreign-invested firms have falsely labeled their products as originating from Vietnam to avoid trade safeguard instruments amid the US-China trade war.
— Vietnam Insider

HCM City set to host Vietnam Young Leaders Forum
The 2019 Vietnam Young Leaders Forum to be held in HCM City on Friday is expected to create opportunities for young business and other people to learn from successful enterprises and start-ups.
— Viet Nam News

Shopee & Lazada still fighting for top spot in Southeast Asian e-commerce
Shopee and Lazada are still fighting for the number one spot in Southeast Asia, according to the latest Map of Southeast Asian E-commerce jointly conducted by the iPrice Group, App Annie, and SimilarWeb.
— Vietnam Insider

Remittances to HCM City set to top $5 billion
Remittances to HCM City from overseas in the first 11 months of 2019 exceed US$4 billion, and are expected to top $5 billion for the year, according to the State Bank of Việt Nam.
— Viet Nam News

Over 300 firms to participate in HCM City machinery, supporting industry fairs
The 2019 Vietnam International Machinery Fair and 2019 Vietnam Supporting Industry Fair will be held in HCM City from December 11 to 14.
— Viet Nam News

Start-ups must ‘go global’, says Grab’s Việt Nam chief
Overcoming human resources problems, understanding local cultures and finding reliable partners are needed for Vietnamese start-ups to “go global,” the CEO of Grab Financial Group Việt Nam has said.
— Viet Nam News

VN stocks to head up in December, trade war concerns expected
After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.
— Viet Nam News

 

Feature photo Thai Hai / Legal Consulting Center Ho Chi Minh City 

This week’s Vietnam morning news feature photo focuses on International Anti-Corruption Day, December 9.

 

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).

 

 

About Vietnam morning news.

Vietnam morning news roundup is the most comprehensive hand-curated selection of Vietnam English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Vietnam English language news today.

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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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