Vietnam morning news for December 20

Vietnam morning news for December 20

Vietnam morning news

Vietnam strengthens tax supervision of foreign-invested enterprises
Local authorities are trialing ways to prevent multinationals from structuring affairs in order to divert profits to low tax jurisdictions.
— Vietnam Insider

Vietnam to stop licensing large-scale solar projects
In a newly published policy document, Hanoi has urged regional governments and the country’s state-run utility, EVN, to suspend authorizations for new solar parks until further notice.
— PV-Magazine

Vietnam to allows foreign investors residing up-to 10 years in coastal economic zone
The revised Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam now allows foreign investors with investment of over US$4.3 million (VND100 billion) to reside up to 10 years in coastal economic zones, instead of five as stipulated in the previous version, Dan Tri Newspaper reported.
— Vietnam Insider

Vietnam’s fintech industry growth is a model for Southeast Asia
According to a recent World Bank report, the number of Internet users across Southeast Asia has exploded since 2011. However, 90% of those Internet users hail strictly from five countries; Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.
— Asean Today

MoIT launches sites to deal with e-commerce disputes, counterfeit goods
Counterfeit goods have always been a major concern in Việt Nam. Whether it’s fashion items, electronic equipment, or even medicine, the problem of authenticity is often an issue.
— Viet Nam News

Mergers and Acquisitions in Vietnam – Latest Issue of Vietnam Briefing Magazine
The latest issue of Vietnam Briefing Magazine, titled “Mergers and Acquisitions in Vietnam”, is out now and currently available to subscribers as a complimentary download in the Asia Briefing Publication Store.
— Vietnam-Briefing

Buoyant Vietnam leads Asean for investment
An Asia-Pacific study says Vietnam remains a leading destination for foreign direct investment.
— Asean Economist

World Bank, GIF support Vietnam to mobilise private investment in solar pilot auction programme
The Global Infrastructure Facility (GIF) has approved US$1.5 million in funding to support the World Bank’s work with the Vietnamese government on the solar pilot auction program.

Vietnam prolongs visa waiver for 13 countries
Vietnam has extended visa exemption for 13 countries, including the UK, Germany, Russia, and Japan, with each allowed stay not exceeding 15 days.
— VietnamPlus

US duties on steel shipped from VN to have little impact: experts
The US’s imposition of duties of up to 456 per cent on certain steel products shipped from Việt Nam would not significantly harm the country’s steel industry, according to industry insiders.
— Viet Nam News

Vietnam, Cambodia hold joint rescue drill
Hundreds of soldiers from the Royal Cambodian Army and the Vietnam People’s Army on December 18 took part in a rescue drill in Chantrea district in the Cambodian province of Svay Rieng that borders Vietnam’s southern Long An province.

Condotel prices fall in Vietnam amid failed profit commitments
Prices of condotels across Vietnam have dropped by eight per cent this year compared to last year following disruptions in the profit commitments made to buyers, real estate portal has said.
— The Phnom Penh Post

Hydroelectric dams in central Vietnam are facing serious water shortage
Little rain in central Vietnam has resulted in serious water shortage in many hydroelectric dams, creating various obstacles to the daily life and livelihoods of local residents.
— Vietnam Insider

DOC issues circumvention rulings on steel imported via Vietnam
The U.S. Department of Commerce (DOC) issued five affirmative determinations in anti-dumping and countervailing subsidy circumvention investigations related to steel imports that had been shipped through Vietnam but originally produced elsewhere.
— Agmetalminer

UN lauds Vietnam’s contributions to peacekeeping missions
United Nations Under-Secretary-General for Peace Operations Jean-Pierre Lacroix has lauded Vietnam’s contributions to the UN, especially via peacekeeping missions.

Vietnamese travelers show preference for Asian cities on New Year’s Eve
A survey on bookings by Agoda shows many Vietnamese favor celebrating New Year’s Eve in Asian cities.
— VnExpress

HCM City adjusts bus transport capacity for the New Year
Bus transport capacity will be adjusted during a 21-day period for the New Year and Tết (Lunar New Year) holiday, according to HCM City’s Public Transport Management Centre.
— Vietnam Insider

Vietnam remains a top destination for international investment
A survey of business leaders in the Asia-Pacific region has revealed Vietnam is a top destination for cross-border investment.
— The Phnom Penh Post

Vietnam Trade Representative Office opens in Ukraine
The Vietnamese Embassy and the Vietnam Trade Commission in Ukraine held an opening ceremony for the Vietnam Trade Representative Office at No.18 Instytutskaia Street, Kiev, on December 17.

PM visits Vietnamese investment establishments in Myanmar
One of the stops was telecoms firm Mytel, a joint venture between the Viettel Military Industry and Telecoms Group and two local partners.
— Viet Nam News

HCM City seeks to boost ornamental fish exports
HCM City’s ornamental fish breeding industry is seeking to expand its overseas markets.
— Viet Nam News

Airport operator ACV pays $86 million cash dividend
The dividend payout rate was 9 per cent. Every shareholder received VNĐ900 for each share they have.
— Viet Nam News

HDBank opens representative office in Myanmar, ties up with Viettel
The Ho Chí Minh City Development Joint Stock Commercial Bank, HDBank, on December 18 opened a representative office in Myanmar and signed a comprehensive co-operation agreement with Viettel Global Investment JSC, which are expected to help promote economic growth, trade and investment.
— Viet Nam News

Vingroup quits retailing to drive tech, industrial development
Vingroup, Việt Nam’s largest private firm by market value, has given up control of its retail unit as it wants to concentrate on the technology and industrial sectors.
— Viet Nam News

How ‘Watchmen’s’ misunderstanding of Vietnam undercuts its vision of racism
The show’s handling of the war and its Vietnamese characters reveal a reluctance to grapple with imperialism.
— Washington Post

Vietnam’s B2B e-commerce startup Telio banks $25m Series A
Telio, which claims to be Vietnam’s first B2B e-commerce platform, has raised $25 million in a Series A round led by Tiger Global, according to an official announcement.
— DealStreetAsia

Vietnam Fin Min objects to Moody’s changing to negative outlook
The finance ministry reiterated that the government is always serious about meeting commitments to timely debt payments with development partners and international financial institutions.
— The Hanoitimes

Free trade agreements increase tax collection
According to Vietnam Customs, total tax collection of the sector has so far reached VNĐ335.6 trillion (US$14.5 billion), an 11.6 per cent year-on-year increase and exceeding the target of the finance ministry.
— Viet Nam News

Red Star Awards honours outstanding young entrepreneurs
A Red Star Awards ceremony was held in Hanoi on December 18 to celebrate the most outstanding Vietnamese young entrepreneurs for their achievements in business and economy-building.

PM urges young entrepreneurs to make greater efforts for development
Prime Minister Nguyen Xuân Phúc has called on young entrepreneurs to make greater efforts to develop big firms and global brands, contributing to turning Việt Nam into a strong country.
— Viet Nam News

Sumitomo Life spends US$173 million for 5% stake of Vietnamese insurer Bao Viet
Under the deal, Sumitomo Life raised its shareholding at Bao Viet from current 17.48% to 22.09%.
— The Hanoitimes

Eighth bank cleared all bad debts at VAMC
Kiên Long Bank has become the eighth bank to clear all bad debts they had previously sold to the Việt Nam Asset Management Company (VAMC) before the maturity date, VAMC announced on Tuesday.
— Viet Nam News

Stricter punishments needed to prevent counterfeiting
Việt Nam needs to increase punishments to deter counterfeiting and infringement of intellectual property rights.
— Viet Nam News

Hanwha Energy taps Vietnam’s energy market
Hanwha Energy said Thursday that it has joined hands with Korea Gas Corp. (Kogas) and Korea Southern Power (Kospo) to cooperate in infrastructure development projects for a gas plant and liquefied natural gas terminal in Vietnam.
— Korea Herald

VN stocks decline for fourth trading day
Vietnamese shares extended losses for a fourth straight trading day as investors remained pessimistic about the market’s short-term outlook.
— Viet Nam News

Orange lovers indulge in Nghệ An Orange and Specialties Week
Orange lovers will be able to indulge in the Nghệ An Orange and Specialties Week, which opened on Tuesday evening at the Big C Thăng Long supermarket in Hà Nội.
— Viet Nam News

Maersk expands logistics operations in Vietnam
Maersk has officially opened an 11,000 sq.m logistics centre in northern Vietnam that will support growing business for automotive, electronics and retail in the country.
— Automotive Logistics

Air New Zealand offers discounted tickets on VN-Christchurch route
The inaugural flight between Việt Nam and Christchurch via Singapore took off earlier this month, marking the start of its five times weekly seasonal service, which will operate until February 22, 2020.
— Viet Nam News

Japan to import Vietnamese lychees
Japan has officially opened its doors to the import of Vietnamese lychee.
— 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).



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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