Vietnam morning news for December 12

Vietnam morning news for December 12

Vietnam morning news

ADB revises up Vietnam’s GDP growth forecast amid dim outlook for Asia
In contrast to Vietnam’s positive outlook, the ADB has trimmed its forecasts for economic growth in developing Asia this year and next year.
— The Hanoitimes

Vietnam’s Richest Man Bets $2 Billion to Sell VinFast Cars to Americans
The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn’t pull off during their early days: sell a car in the U.S.
— Vietnam Insider

Vietnam’s SOE privatization meets just 28% of target
In 2019, nine state firms were supposed to proceed with privatization, but only three in the prime minister-approved list for privatization completed the process.
— The Hanoitimes

Kingdom’s trade with Vietnam rises 13.8%
The two-way trade between Cambodia and Vietnam reached $4.4 billion, an increase of 13.8 percent from January to October, according to local media quoting a Vietnam trade body’s figures.
— Khmer Times

Vietnam’s fruits exports to China plunge due to more stringent conditions
Vietnam’s fruits exports to China in the first 11 months fell 13.7 percent year-on-year on the latter imposing more stringent conditions.
— Vietnam Insider

PetroVietnam in need of investment capital
Demand for investment capital at the Vietnam Oil and Gas Group (PetroVietnam) and its member units for 2018-20 is estimated to reach 620 trillion VND (26.7 billion USD), PetroVietnam Securities Inc (PSI) recently announced.
— VietnamPlus

China, Vietnam Lead Asia in Jailed Journalists
China and Vietnam are Asia’s leading jailers of journalists, with at least 48 now held in China and 12 held in Vietnam, a media freedoms watchdog group said in a report issued on Wednesday.
— Radio free Asia

Four Powerful and Practical Tips to Improve Manufacturing Efficiency
Competition is tough, no matter where you go. As a student, as an employee, as a service provider, or as a businessman, there too many and too powerful people to compete against.
— Vietnam Insider

E-payment key to promote Vietnam’s internet economy
Vietnam must grasp opportunities from the internet economy, which is estimated to have a combined value of US$100 billion in Southeast Asia, and is on track to increase by three-fold in the next five years, said a government official.
— The Hanoitimes

HCM City to build 8 logistic centres
HCM City remains the largest centre for cargo suppliers and distributors in the country until 2025. For sustainable development, relevant authorities should build a master plan for development of the city’s logistics industry, according to Phạm Thành Kiên, Director of HCM City Department of Trade and Industry.
— Viet Nam News

More direct flights between Vietnam and Thailand amid growth in tourism
Thailand is gearing up to welcome more Vietnamese visitors, with a number of airlines increasing direct flights between both countries and adding some new routes too. The Tourism Authority of Thailand says the additional routes should help boost the number of first-time visitors from Vietnam.
— The Thaiger

Unfulfilled potential: Trade war has been a boon for Vietnam, but opportunities have been missed
Since US President Donald Trump took office in 2017, US trade relations with China has been a rollercoaster ride. Hopes of a trade deal wax and wane, exhausting investors and sending manufacturers scrambling to find ways around costly tariffs.
— Asean Today

Vinachem to auction stake in Đức Giang Chemical Group
The Việt Nam National Chemical Group (Vinachem) has registered to auction all 11.45 million shares it holds in Đức Giang Chemical Group JSC (DGC), equivalent to 8.85 per cent of DGC’s capital.
— Viet Nam News

VinFast plans to break into the lucrative United States auto market
VIETNAMESE auto startup VinFast plans to invest up to US$2 billion (RM8.32 billion) to break into the lucrative United States auto market.
— Vietnam Insider

Safety officer shortage roadblock to aviation growth
The country’s shortage of flight safety officers could constrain aviation development amidst rapid airline expansion.
— VnExpress

Overloaded infrastructure hinders development of Vietnamese aviation industry
The combined capacity of the 22 airports in Vietnam is just equal to that of one single airport like Changi in Singapore, Suvarnabhumi in Thailand or KLIA in Malaysia.
— The Hanoitimes

Vietnam Holding Limited – Silent revolution
Vietnam Holding (VNH) has quietly undergone a major overhaul during the last two years, making it more shareholder-friendly and putting it on a stronger footing (see pages 4 and 5).
— Quoteddata

Vietnamese flood streets to celebrate historic football victory
Most of the football fans wore shirts printed with the national red and yellow star flags, brewing horns and hitting drums to celebrate the vicotory of Vietnamese squad.
— The Hanoitimes

More work needed to popularise Vietnamese goods
A recent survey on 10 years of the ‘Vietnamese people prioritise using Vietnamese goods campaign’ revealed 88 per cent of Vietnamese had interest in the campaign.
— Viet Nam News

Forum looks into sustainable energy development
Policy recommendations for a sustainable energy future in Việt Nam were introduced by the Vietnam Energy Partnership Group (VEPG) at the 3rd High-level Meeting and 1st Stakeholder Forum of the VEPG in Hà Nội on Tuesday.
— Viet Nam News

Hà Nội attracts highest FDI in 11 months
Hà Nội attracted the most foreign direct investment (FDI) in Việt Nam during the first 11 months of this year with US$7 billion, accounting for nearly a quarter of the total, according to the Hà Nội Department of Planning and Investment.
— Viet Nam News

External factors torment investors in Vietnam
The business results of listed companies in the first nine months of the year were fairly positive. But the unpredictability of the negotiations related to the US-China trade still exists.
— Vietnam Insider

Việt Nam Coffee Day connects local and foreign firms
Local and foreign firms in the coffee industry gathered for a trading conference in the central highlands province of Gia Lai Province on Monday.
— Viet Nam News

Vĩnh Phúc emerges as an attractive investment destination
Located close to Hà Nội, Vĩnh Phúc has to date attracted 752 domestically-invested projects with a total registered capital of more than VNĐ78 trillion (US$3.34 billion). It has also lured 378 foreign-financed projects worth more than $5 billion.
— Viet Nam News

Radisson Hotel Group signs three new hotels for Vietnam’s coastline
Slated to open in 2023, the Radisson Blu Resort, Quy Nhon will be in the Binh Dinh province, approximately halfway between the cities of Nha Trang and Hoi An.
— Vietnam Insider

SOE equitisation progress is “very slow”
Only nine state-owned enterprises (SOEs) were given the green light from government for their equitisation plans this year, reported the Ministry of Finance (MoF).
— Viet Nam News

Promoting cashless payments to boost internet economy
Cashless payments would not only increase of the circulation of capital, it would also help boost the internet economy, said Deputy Prime Minister Vũ Đức Đam.
— Viet Nam News

Vietnamese Dissident Dies of ‘Stroke’ in Prison, Police Refuse to Give Body Back
A retired teacher who posted writings on his Facebook page criticizing Vietnam’s government has died in prison, with authorities calling stroke his cause of death and refusing to return his body to family members, sources said.
— Radio free Asia

PM urges Ca Mau to unlock potential for tourism development
Ca Mau province should tap its potential for responsible, eco and community-based tourism in order to help the local sector develop sustainably, Prime Minister Nguyen Xuan Phuc said on December 10.
— VietnamPlus

G-bond market aims to become a safe and effective investment tool
Việt Nam’s Government bond (G-bond) market would become a safe, effective and highly lucrative investment mechanism for commercial banks, insurance networks, investment funds and foreign investors.
— Viet Nam News

Shares slide as selling force rises
VN-Index dropped on Tuesday due to the strong selling pressure hitting large-caps during the trading session.
— Viet Nam News

Mongolia, Vietnam eye 100-mln-dollar trade turnover
Mongolia and Vietnam have set a goal to increase their bilateral trade turnover to 100 million U.S. dollars in the coming years, the Mongolian Ministry of Food, Agriculture and Light Industry said Wednesday.
— Xinhua

VIETNAM GRAND PRIX ON TRACK FOR 2020
Promoters of the Formula 1 VinFast Vietnam Grand Prix 2020, the Vietnam Grand Prix Corporation, have released new images of the construction progress that is being made for the sport’s newest track in the capital city of Hanoi.
— The checkeredflag

Vietnam primed for influx of affluent Chinese travellers
China is proving a valuable source market for Vietnam amid surging international arrivals, and tourism players claim that the country has the right ingredients to tap into China’s top tier of travellers.
— TTG Asia

Vietnam proposes import tariff drop
Apples and table grapes imported by Vietnam could receive a reduction in tariffs as it looks to reduce prices for consumers.
— Fruitnet

Escape to Vietnam with the world’s best ultra-low cost airline
Vietnam is a beautiful and exotic country filled with an abundance of destinations that continue to attract travellers from around the world looking for a truly memorable travel experience.
— South China Morning Post

Blue chips nudge VN-Index upwards
Blue-chips led stock market gains Wednesday as the VN-Index rose 1.48 points or 0.15 percent to close at 961.78 points.
— VnExpress

Hanoi-Saigon flight time climbs 5 mins a month
Flying from Hanoi to Saigon takes five minutes more per month due to overload at Tan Son Nhat International Airport.
— VnExpress

Vietnam stresses settlement of maritime disputes by peaceful measures
Pham Hai Anh, Vietnam’s representative to the United Nations, on December 10 affirmed Vietnam’s consistent stance that all disputes should be settled via peaceful measures, in line with international law, including the UN Convention on the Law of the Sea (UNCLOS).
— VietnamPlus

Formula 1 to Start Races in Vietnam Amid Booms in Tourism, Sports Enthusiasm
Formula 1 car racing will debut next year in Vietnam as the fast-growing host country tries to attract high-end tourism and its own moneyed citizens take an ever keener interest in sports.
— VOA

Japan emperor‘s Vietnam visit a sign of improved ties
When Nguyen Thi Xuan said goodbye to her Japanese husband in 1954, she thought he was going off for a year or two on another long assignment. She never imagined it would be more than half a century before she‘d see him again.
— living Stone Ledger

New heli-ride rotates perspective on Red River
A helicopter tour launched by a Vietnamese firm now allows a unique bird’s-eye view of the Red River Delta.
— VnExpress

Hanoi attracts most investment in 11 months
Hanoi attracted the most foreign direct investment (FDI) in Vietnam during the first 11 months of this year with 7 billion USD, accounting for nearly a quarter of the total, according to the Hanoi Department of Planning and Investment.
— VietnamPlus

 

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).

 

 

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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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