Vietnam Morning News For December 3, 2019

VietinBank JCB Ultimate Vietnam Airlines Credit Card to be launched in Vietnam
VietinBank, one of the largest commercial banks in Vietnam, Vietnam Airlines (VNA) and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the launch of VietinBank JCB Ultimate Vietnam Airlines Credit Card in Vietnam.
— Vietnam Insider

How Can Brexit Affect Vietnam? Let Us Count the Ways
What does Brexit have to do with Vietnam? It seems a strange question, but there are several ways that Britain’s planned divorce from the European Union would be likely to affect the Southeast Asian nation.
— VOA

Philippines-Vietnam Navy Talks Spotlight Maritime Security Collaboration
The staff-to-staff talks come ahead of 2020 which will put the focus on maritime issues within both countries’ foreign policies.
— The Diplomat

Hanoi to build sewage collection system along polluted river
Currently, building a sewage collection system along banks of Hanoi’s polluted river is the last and the best option.
— The Hanoitimes

Agriculture sector gains trade surplus of $8.8b in 11 months
Việt Nam’s agriculture sector gained a trade surplus of US$8.8 billion in the first 11 months of this year, $1.5 billion higher than the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
— Viet Nam News

Vietnam manufacturing output increase for first time in 3 months
The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) registered 51.0 in November, up from the neutral reading of 50.0 in October.
— The Hanoitimes

Vietnam arrests woman for transporting 5.8 kg marijuana
Border guard forces of Vietnam’s southern An Giang province have detained a local woman for transporting 5.8 kg of marijuana from Cambodia to Vietnam.
— Xinhua

Vietnam’s average annual growth seen at 7%
The Vietnamese economy is likely to grow at an annual average pace of 7% during the 2021-2015 period, according to a projection by the National Centre for Socio-economic Information and Forecast.
— VietnamPlus

Farmers speed up rice cultivation to avoid saltwater intrusion, drought
It is forecast that saltwater intrusion and drought will be early and develop complicatedly so the Ministry of Agriculture and Rural Development ordered coastal provinces, including Kien Giang, Tra Vinh, Ben Tre, Bac Lieu, Tien Giang and Soc Trang to grow rice earlier.
— Sggp News

New Kuala Lumpur-Đà Nẵng direct flight launched
Malindo Air from Malaysia officially launched its newest direct air route Đà Nẵng-Kuala Lumpur – the third direct flight after two routes connecting Hà Nội, HCM City and Kuala Lumpur – in a ceremony yesterday.
— Viet Nam News

FTAs boost food imports, investments in Vietnam
Free trade agreements (FTAs) have created ample opportunities for food imports and foreign investment in Vietnam’s food industry, according to experts.
— The Phnom Penh Post

HCM City, Mekong Delta seek to improve waterway route for goods transport
The waterway links between Ho Chi Minh City and the Mekong Delta region through river and canal networks, which are proved to be more advantageous to trade than their road counterparts, have not been fully utilised.
— VietnamPlus

SL, Vietnam ink MoU for IT cooperation
The Federation of Information Technology Industry Sri Lanka (FITIS), apex body for ICT industry in Sri Lanka and Vietnam Software and IT Services (VINASA) signed an MoU at the opening ceremony of APICTA Awards 2019 in Vietnam where 19 member countries in the ASEAN region witnessed the landmark initiative of promoting IT cooperation between Sri Lanka and Vietnam.
— Daily News

Vietnam’s coffee supply steady; Indonesian trade quiet
Vietnam’s harvest kept coffee bean supply steady from the world’s second biggest producer while trading in Indonesia remained subdued on low stockpiles, traders said on Thursday.
— Brecorder

Vietnam and Cuba celebrate anniversary of diplomatic ties
Leaders of the Communist Party, the State and the Government of Vietnam on Monday sent messages of congratulations to their Cuban counterparts on the occasion of the 59th anniversary of diplomatic relations between the two countries.
— Plenglish

Industrial production index expansion slows in November
The IIP decreased by an estimated 1.6 per cent compared to the previous month.
— Viet Nam News

Prices of petrol, gas advance
Fuel prices have been adjusted as of 3 p.m. on November 30 in accordance with the order of the ministries of Industry and Trade and Finance.
— Sggp News

Vietnam’s export rises 7.8 pct in 11 months
Vietnam made export turnovers of more than 241.4 billion U.S. dollars in the first 11 months of this year, up 7.8 percent against the same period last year, while seeing import turnovers of over 232.3 billion U.S. dollars, up 7.4 percent, the country’s General Statistics Office said on Monday.
— Xinhua

Japanese investors find Vietnam third best destination: survey
Vietnam has climbed one place this year to become the third most attractive investment destination for Japanese businesses behind India and China.
— VnExpress

FTAs encourage food imports, investments in Việt Nam
Free trade agreements (FTAs) had created opportunities for food imports and foreign investment in the domestic food industry, according to experts.
— Viet Nam News

Vietnam invests over US$458 million abroad in 11 months
Vietnamese businesses invested US$458.8 million in 31 foreign markets in the first 11 months of 2019, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
— NDO

Efficient resource utilization may help Vietnam GDP grow 9 – 10%
The public capital must be allocated based on market principles, said an expert.
— The Hanoitimes

A 56-year-old has spent 10 years picking up tire-puncturing nails and other sharp objects on streets
A 56-year-old man has spent the past 10 years riding his wiggle car along many streets in the central Vietnamese city of Da Nang to pick up tire-puncturing nails and other sharp objects.
— Vietnam Insider

Sa Pa airport to be built this year
The Ministry of Transport has approved a plan to build an airport in Sa Pa in the northern mountainous province of Lao Cai. Construction is scheduled to start this year and will be completed in 2021.
— VietnamPlus

Legal overhaul urged for foreign firms to list shares in Vietnam
Encouraging FDI firms to list locally would help supervise their performance as the companies would be managed by not only local authorities but also investors, shareholders, and the local stock exchanges.
— The Hanoitimes

Why Vietnam Is A State In ‘Watchmen’ In Case You Haven’t Been Keeping Up
The world of Watchmen is complex, and between the giant engineered squids, mesmerism plans, and Nostalgia trips, it’s understandable if you may have forgotten a key difference in the makeup of Watchmen’s United States.
— Bustle

Samsung SDS agrees with Vietnam’s Sovico to support digital transformation and logistics business innovation
Samsung SDS, the information technology wing of South Korea’s Samsung Group, forged a partnership with Vietnam’s Sovico Group to support digital transformation and logistics business innovation as part of its strategy to expand its clout in Southeast Asia.
— Ajudaily

Reallocating financial loan for textbook writing in Vietnam
Out of the US$77 million borrowed from the World Bank (WB) as Official Development Assistance (ODA) for the project ‘New General Education Curriculum’ in Vietnam, $16 million is allocated for the Ministry of Education and Training (MOET) to write textbooks.
— Sggp News

Van Don International Airport in Vietnam honoured as “World’s Leading New Airport 2019”
Van Don International Airport in northeast Vietnam has been named “World’s Leading New Airport 2019” at the 26th annual World Travel Awards (WTA), which were held in Muscat, Oman.
— Asia One

Guaranteed returns ploy driving condotel craze fraught with risk
Ignoring analysts’ warnings, investors bought thousands of condotels, lured by developers’ promises of high guaranteed returns each year.
— VnExpress

Truc Lam Zen monastery inaugurated in Bac Lieu province
A monastery of Vietnam’s indigenous Truc Lam Zen Buddhist sect was opened in the southern province of Bac Lieu on December 1.
— VietnamPlus

Local brokerages rush to raise capital
Vietnamese securities companies are looking to raise capital to supplement business activities and enhance operational efficiency.
— VietnamPlus

Vietnam-China trade, tourism fair kicks off in Quang Ninh
The Vietnam-China international trade and tourism fair opened in Mong Cai city of the northern border province of Quang Ninh on December 1, attracting more than 700 delegates.
— NDO

Vietnam obtains 10 gold medals on SEA Games 30’s first day
The thrilling 2-1 victory over Indonesia by the men’s U22 football team and a gold medal in the women’s over 60kg arnis category concluded a successful day on December 1 for Vietnam at the 30th Southeast Asian Games (SEA Games 30).
— Vietnam Net

November sees record foreign arrivals
November saw a new record in foreign arrivals at 1.8 million, according to General Statistics Office (GSO).
— VietnamPlus

Bắc Giang agricultural products showcased in capital
This move aims to bring the province’s agricultural products grown in accordance with VietGAP or GlobalGAP standards closer to Hanoians.
— Viet Nam News

Condotel property market in urgent need of new regulations, standards
A legal framework covering condotel properties is urgently needed to protect the rights of both developers and buyers and to ensure sustainable development.
— Viet Nam News

Farmers: Opportunities and challenges in global integration
In recent years, Vietnam has signed several important trade agreements with major economic partners, notably the CPTPP and the EVFTA.
— VietnamPlus

Local brokerages rush to raise capital
Vietnamese securities companies are looking to raise capital to supplement business activities and enhance operational efficiency.
— Viet Nam News

Quảng Bình Province develops southward with eye on investment
Improved infrastructure, incentive policies and natural advantages have made the central province of Quảng Bình a new investment magnet.
— Viet Nam News

Bottom fishing may push shares up slightly
Vietnamese shares may bounce back next week as investors will seek stocks that suffered sharp falls in previous sessions, analysts said.
— Viet Nam News

Feature photo Vietnam Youth Ending Slavery – VYES

This week’s Vietnam morning news feature photo focus on International Day for the Abolition of Slavery, December 2.

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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