Vietnam morning news for December 17

Vietnam morning news for December 17

Vietnam morning news

U.S. issues final order on duties on certain steel products from Vietnam
The U.S. Commerce Department said on Monday it had issued a final order imposing duties of up to 456% on certain steel products from South Korea or Taiwan that are shipped to Vietnam for minor processing and then exported to the United States.
— Investing

State to continue support for fuel price fund
The fuel price stabilisation fund helps the central government manage domestic fuel prices for the foreseeable future, said Hoàng Anh Tuấn, deputy head of the domestic market department under the Ministry of Industry and Trade in a recent meeting with industry leaders.
— Viet Nam News

Vietnam’s 2020 strategy: a year of diplomatic force-multipliers
Vietnamese Prime Minister Nguyen Xuan Phuc’s raising of the ASEAN gavel last month signalled not only Vietnam’s commencement as chair of the regional grouping, but also the start of a critically definitive period for its foreign policy in the South China Sea.
— Lowy Institute

South China Sea: message for Beijing in Vietnam, Malaysia defence white papers
The defence white papers published by Southeast Asian neighbours Vietnam and Malaysia in recent weeks attracted a fraction of the media limelight those of larger countries tend to attract.
— South China Morning Post

Wood exports increase thanks to foreign investment
According to the Ministry of Agriculture and Rural Development, for making use well of free trade agreements, in the first ten months of this year, export turnover of Vietnamese wood and wood products to the US posted strong growth compared to the same period last year with export value reaching US$4.2 billion, an increase of 34.5 percent.
— Sggp news

Vietnam, EU boost comprehensive cooperation
Vietnam always treasures relations with the European Union (EU), and is willing to discuss with the bloc issues of mutual concern, said Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh on December 15.
— NDO

VN banks rush to issue bonds ahead of capital requirement deadline
Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.
— The Phnom Penh Post

Hun Sen defends imminent rescue exercise with Vietnam
Prime Minister Hun Sen yesterday slammed critics on social media for misinterpreting the government’s move to hold a disaster rescue exercise with Vietnamese soldiers in Svay Rieng province this week.
— Khmer Times

New expectations about Korean in Vietnam
As of November 2019, the Republic of Korea (ROK) remained the largest foreign investor among the 132 countries and territories investing in Vietnam, at US$66.82 billion, accounting for 18.5% of total foreign investment in Vietnam.
— NDO

Vietjet launches big promotion with five million discounted tickets
Low-cost carrier Vietjet is providing domestic and international passengers with five million promotional ticket , between Monday and Sunday in order to join the jubilant Christmas and New Year atmosphere all over the world.
— Viet Nam News

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.
— VietnamPlus

Five vital transport projects completed in 2019
An expressway, a road section, two bridges and a mountain tunnel were among several major transport infrastructure projects completed in Vietnam this year.
— VnExpress

Amazon has no specific time frame for Vietnam website
A senior Amazon official says the firm sees Vietnam’s potential but has not decided on a time to launch services for Vietnamese buyers.
— Boswell Times

Vietnam and Myanmar see a new era of relations
Vietnamese Prime Minister Nguyen Xuan Phuc today traveled to Myanmar to head a high-level delegation to lay the foundations for bilateral cooperation through 2024.
— Plenglish

China demands Vietnam‘s apology for attack alleged by tourist
China on Thursday demanded that Vietnam apologise to a Chinese tourist who says he was beaten up by Vietnamese border guards after failing to pay a bribe, an incident that provoked outrage among Chinese internet users.
— Wellston Journal

Vietnam now the Southeast Asian hub for digital nomads
Digital nomads and other remote workers as well as techies looking to become rich from their innovative ideas have always moved from location to location until starting a formal business becomes the best way forward.
— Emigrate

Hà Nội’s first festival on agricultural products and craft villages opens
Over 300 booths showcase products in the capital’s agriculture and rural development, especially those participating in the One Commune-One Product (OCOP) programme.
— Viet Nam News

Cashew nut exports to China rise by 58 percent
According to the General Customs of Vietnam, cashew nut exports to China have been increasing strongly in comparison with the same period last year though export turnover of several agricultural products has all declined due to tightened regulations on quality and cross border trade.
— Sggp news

Central bank policies help replenish banking sector liquidity
Experts estimate that around VNĐ62.2 trillion has been pumped through the OMO channel in the last week of November by the central bank after eight straight months of withdrawing money.
— Viet Nam News

JB Financial acquires brokerage in Vietnam, expands in ASEAN region
JB Financial Group has acquired a Vietnam-based brokerage owned by Morgan Stanley, in line with its recent moves to expand business in the Southeast Asian region, officials said Monday.
— Korea Herald

Vietnam – the new competition law – pragmatic progress – hat you must know
The National Assembly on 12 June 2018 passed the Law on Competition No. 23/2018/QH14 (“Law on Competition 2018”).
— Lexology

Defence ties important to Vietnam-Russia partnership: ambassador
The Vietnam People’s Army (VPA) will further enhance cooperation with Russian armed forces on the basis of mutual trust and respect, Vietnamese Ambassador to Russia Ngo Duc Manh said in a recent article.
— VietnamPlus

Vietnam makes its mark at Dot Property Southeast Asia Awards
Excellence in many aspects – conceptualization, design, architecture – was rewarded at the 2019 Dot Property Southeast Asia Awards ceremony held in Thailand last Thursday.
— VnExpress

Vinamilk to spend $75m to advance 2019 dividend
Việt Nam Dairy Products Joint Stock Company (Vinamilk), one of the country’s leading dairy producers, has agreed to pay the second interim dividend for 2019.
— Viet Nam News

Direct US flights: Vietnam’s 16-year-old dream remains unfulfilled
Vietnam first wanted to launch flights to the U.S. 16 years ago, but the goal still remains elusive due to technical and profit concerns.
— VnExpress

A roadmap to construction of 11 North-South Expressway sections
Vietnam will start construction of three North-South Expressway sections this year and open bids for the remaining eight next year.
— VnExpress

New expectations about Korean in Vietnam
As of November 2019, the Republic of Korea (ROK) remained the largest foreign investor among the 132 countries and territories investing in Vietnam, at US$66.82 billion, accounting for 18.5% of total foreign investment in Vietnam.
— NDO

Industrial centre for seed and agricultural product processing inaugurated in Dong Thap
The Vietnam National Seed Corporation (Vinaseed) inaugurated and put into operation an industrial centre for seed and agricultural product processing in the Mekong Delta province of Dong Thap on December 14.
— NDO

Another 5G network pilot in Vietnam
The Ministry of Information and Communication’s MobiFone is now the second mobile network provider to pilot 5G in Vietnam.
— OpenGovAsia

Vietnam among top ten remittance recipients in 2019
According to the latest data from the World Bank, Vietnam is ninth largest overseas remittance receiver in the world, and third in Asia. The country has held the ranking for five consecutive years.
— VietnamPlus

Tech advance to modernize Vietnam tourism
With technology revolutionizing global tourism, insiders are urging Vietnam to follow suit.
— VnExpress

Digital transformation attracting increasing attention in Vietnam
Various conferences and events have been held lately in Vietnam to identify optimal solutions for the smooth digital transformation process of the country.
— Sggp news

MobiFone-AVG deal goes to court
The Hanoi People’s Court on December 16 opened the first instance trial of the case of telecom giant MobiFone’s purchase of 95 percent of Audio Visual Global JSC (AVG).
— VietnamPlus

EA gears up to bid on Taiwanese wind power project
SET-listed Energy Absolute (EA) is preparing to participate in an auction for a wind power project with a capacity of 3,000 megawatts in Taiwan next year.
— Bangkok post

Vingroup Launches 5 First Smart TV Models
On December 14, 2019, Vinsmart Research and Manufacture Joint Stock Company (Vingroup member) officially launches its five first smart TV models.
— Wahanariau

ShoeX breathes fresh air into circular economy
Embracing the circular economy and closed-loop designs are among the most effective ways to achieve business success while protecting the environment, according to Thanh Le.
— VietnamPlus

Coffee price crisis hits Vietnamese export value
Việt Nam’s coffee industry had suffered from falling export prices, according to the Việt Nam Coffee and Cacao Association.
— Viet Nam News

Bà Rịa-Vũng Tàu selective about investments, prioritises high-tech
Bà Rịa-Vũng Tàu Province, one of eight provinces and cities in the Southern Key Economic Zone, has for many years been an ideal destination for foreign investors thanks to its natural advantages and comprehensively developed infrastructure in addition to attractive incentives.
— Viet Nam News

Banks rush to issue bonds ahead of capital requirement deadline
Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.
— Viet Nam News

Vietbuild Home expo to be held in HCM City
Vetbuild Home, an annual exhibition on real estate, interior and exterior décor and household appliances, opens in HCM City this week.
— Viet Nam News

Shares to experience choppy trading next week
The Vietnamese stock market was entering an accumulation phase and may experience ups and downs with low or moderate liquidity, analysts said.
— Viet Nam News

 

Feature photo People’s Army Newspaper

This week’s Vietnam morning news feature photo focus on International Human Solidarity Day, December 20.

 

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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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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