Vietnam morning news for December 31

Vietnam morning news for December 31

Vietnam morning news

The Next China? Vietnam Looks Good Only on Paper
With Vietnam quickly moving up the global supply chain, the Southeast Asian nation has been hailed as the biggest winner out of the current.
— Bloomberg

Vietnam will punish 4 companies for fraudulent labels on products from China
Vietnam will punish 4 firms for Trade Fraud in China-Product Probe that the firms claim were made locally, as authorities expand their crackdown into Chinese manufacturers trying to bypass U.S. tariffs.
— Vietnam Insider

Government revenues hit VND1.41 quadrillion in 2019
Vietnam’s government revenue in 2019 has been estimated at VND1.41 quadrillion (US$60.7 billion), beating the full-year target by a slight 0.2% as of December 15, as per the data released by the General Statistics Office.
— NDO

Vietnam’s Southeast Asia Leadership Post in 2020 to Challenge China
Vietnam’s turn this year as chair of Southeast Asian nations’ bloc gives it a new outlet to resist China in a festering maritime sovereignty dispute that involves three other member countries as well.
— VOA

Power bank “explodes” on board, grounds AirAsia flight in Vietnam
An AirAsia flight that was travelling from Kuala Lumpur, Malaysia, to Hong Kong, was reportedly diverted to Ho Chi Minh City to make an emergency landing due to an “exploding” power bank that caused burn injuries to a passenger aboard flight AK130.
— Soyacincau

Vietnam extends visa waiver for Belarus nationals through 2022
Vietnam has extended the visa waiver for citizens of Belarus until the end of 2022, BelTA learned from the Facebook account of the Belarusian Ministry of Foreign Affairs.
— Belta

‘Vietnam’s Jackson Pollock’ Xeo Chu sells art for $150,000
Six decades after American painter Jackson Pollock passed away, a 12-year-old Vietnamese artist often likened to the abstract-expressionist giant has opened a solo exhibition in the home of many Pollock masterpieces.
— Nikkei Asian review (paywall)

Vietnam ready for UN Security Council’s non-permanent membership
Vietnam is ready to take on the role as a non-permanent member of the United Nations (UN) Security Council for 2020-2021 from January 1, 2020, said Ambassador Dang Dinh Quay, head of the Vietnamese permanent mission to the UN.
— NDO

Former Vietnamese Government Minister Draws Life Term in Corruption Case
A former Vietnamese government minister and his deputy were sentenced on Saturday to a life term and 14 years in prison respectively in a case of corruption that is said to have cost the state budget almost U.S. $3 million, media sources said.
— Radio Free Asia

Vietnam Airlines Launches Its 19th Route To China
Beginning 19 January, Vietnam Airlines will operate flights between Danang, Vietnam and Shanghai, China. With the addition of this new route, Vietnam Airlines will operate a total of 19 different routes between Vietnam and China.
— Simple Flying

New terminal to raise capacity of Phu Bai airport in Thua Thien-Hue
Work on the US$97.3 million Terminal 2 at Phu Bai International Airport in Huong Thuy town, the central province of Thua Thien-Hue, was kicked off on December 29.
— NDO

Vietnam Airlines to launch Airbus A321 flights between Danang and Shanghai
Vietnamese flag carrier Vietnam Airlines plans to launch a new route between Da Nang and Shanghai from January 19, 2020.
— Business Traveller

Wood exports to hit $11.5 billion, exceeding target in 2019
Việt Nam’s wood exports this year are set to reach up to US$11.5 billion, exceeding the industry’s own target of $10.5 billion, a 20 per cent increase compared to last year, according to the Vietnam Timber and Forest Product Association (VTFPA).
— Viet Nam News

Cashew exports to exceed target, says industry
Việt Nam’s cashew exports in 2019 are expected to top US$3.6 billion, according to the Việt Nam Cashew Association (Vinacas).
— Viet Nam News

Ninh Thuận faces irrigation water shortage
Many reservoirs in the south-central province of Ninh Thuận are facing a shortage of water, affecting supply for the 2019 – 20 winter – spring crop, animals and household use.
— Viet Nam Net

Made-in-Vietnam smartphones facing gloomy fate
The domestic market in the past few years has witnessed the confident appearance yet miserable status of certain made-in-Vietnam smartphone brands like Asanzo, Bphone, or Mobiistar.
— Sggp News

Vietnam PM promises more favorable policies for SMEs
Sustainable development of small and medium enterprises is essential for Vietnam to have one million enterprises by 2020, said Prime Minister Nguyen Xuan Phuc.
— The Hanoitimes

Cross-border e-commerce boosts trade in Vietnam-China
Vietnamese businesswoman Doan Kim Yen bought quite a lot of Chinese goods from local e-commerce platform Shopee on Dec. 12, also known as Double 12, an online shopping bonanza that originated in China and has gained popularity in Vietnam.
— Vietnam Insider

Lao man arrested in Vietnam for trafficking drug
Vietnam is ready to take on the role as a non-permanent member of the United Nations (UN) Security Council for 2020-2021 from January 1, 2020, said Ambassador Dang Dinh Quay, head of the Vietnamese permanent mission to the UN.
— NDO

Vinuni officially receives approval from Vietnamese government
The Prime Minister has officially approved the establishment of VinUni University with a first year intake of 300 students.
— Vietnam Insider

AirPods suppliers to expand productions in Vietnam
The two Chinese manufacturers of Apple’s wireless earbuds are each in talks to borrow hundreds of millions of dollars from banks to expand production in Vietnam, according to a person familiar with the matter.
— Vietnam Insider

New policies urged to remove roadblocks in privatizing Vietnam’s SOEs
Experts have pointed out a number of hindrances to SOE privatization, including weak corporate governance, valuation methods and restricted foreign ownership.
— The Hanoitimes

Vietnam is preparing to take on Nestle SA and its Asian rivals to reach them faster
After quietly supplying coffee addicts their daily fix for decades, Vietnam is preparing to take on Nestle SA and its Asian rivals to reach them faster. The Businesstimes reports.
— Vietnam Insider

MM opens first supermarket in Vietnam
MM Mega Market Vietnam has opened its first supermarket, the MM Super Market Thanh Xuan in Hanoi, on a total of 7,000 sq m and retailing more than 10,000 products.
— Vietnam Insider

Fitch assigns ANZ Vietnam first-time ‘BB’ rating; outlook positive
ANZ Vietnam’s Long-Term Foreign Currency IDR is capped at the Vietnamese Country Ceiling, which is ‘BB’ now.
— The Hanoitimes

Experts concern about surge in Chinese M&A deals
Vietnamese customs authorities are keeping close watch on investment shift from foreign countries, especially China, into Vietnam to prevent product origin fraud and illegal transshipment.
— The Hanoitimes

Road safety targets set for 2020
A campaign has been launched by Deputy Prime Minister Trương Hòa Bình over the weekend to reduce road traffic accidents in the country next year.
— Viet Nam News

Vietnam’s foreign exchange reserves near record $80 bln – prime minister
Vietnam’s foreign exchange reserves hit a new high of almost $80 billion, with a quarter of it bought this year, Prime Minister Nguyen Xuan Phuc said at a forum on Monday.
— Financial Post

Top 10 landmarks on the stock market in 2019
The following are the top 10 events on the Vietnamese stock market in 2019 as selected by the Securities Journalists Club.
— NDO

International media highlights Vietnam’s economic success in 2019
International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.
— VietnamPlus

Vietnam factories’ trade war boost could ease in 2020: Citi
THE lift to Vietnam’s economy from the US-China trade war may ease in 2020, economists have cautioned, although cushions to a growth slowdown are still in play.
— Business Times

UN expects Vietnam to be active non-permanent member of Security Council
Vietnam will be an active non-permanent member of the United Nations (UN) Security Council, said UN Under-Secretary-General for Peace Operations Jean- Pierre Lacroix in a recent interview granted to the Vietnam News Agency.
— VietnamPlus

Vietnam to punish 4 firms for trade fraud
Vietnam will punish four companies for fraudulent labels on products from China that the firms claim were made locally, as authorities expand their crackdown into Chinese manufacturers trying to bypass US tariffs.
— Daily Express

Vietnam-Laos-China ‘con’ throwing festival takes place in Lai Chau
The third Vietnam-Laos-China ‘con’ festival, themed “Colour of friendship”, kicked off in Muong Te district, the northern mountainous province of Lai Chau on December 29.
— VietnamPlus

Markets forecast to get boost from supportive information
Shares are forecast to advance this week thanks to the stable macro-economy and positive development of the world socio-economic situation.
— Viet Nam News

Vietnam-Japan cultural exchange festival opens in HCM City
A Vietnam-Japan cultural exchange festival kicked off in Ho Chi Minh City on December 29 with the participation of thousands of visitors.
— VietnamPlus

Who Is To Blame For America Losing The Vietnam War?
Throughout the war, Westmoreland’s greatest fear had been a catastrophic land defeat of his forces by the enemy, à la the Battle of Dien Bien Phu against the French in 1954, and he was determined not to lose in this fashion.
— National Interest

Vietnamese overseas investment hit US$508 million
Vietnamese enterprises have invested more than US$508 million abroad this year, of which, newly-registered capital of 164 projects were $403.15 million.
— Sggp News

Vietnam Top Country for Mobile Roaming Among Koreans
Vietnam is the country with the largest number of international roaming users for mobile phones at the end of this year.
— Koreabiz Wire

Number of new businesses, registered capital highest ever
138,100 businesses were established in Vietnam this year, the highest ever, with the government’s initiative to increase the quantity and quality of enterprises bearing fruit.
— VnExpress

Gold sees strongest price increase in three months
The domestic gold price saw its strongest growth in three months last week after beating the milestone of VNĐ42 million (US$1,817.40) per tael.
— Viet Nam News

Vietnam POW seeks healing at Hanoi Hotel
When retired Lt. Col. James W. Williams returned to Southeast Asia this past fall, to the site of the worst 313 days of his life, the last thing he expected to find was himself.
— AJC

City honours organisations, individuals for contributions to ICT development
Twenty two units, enterprises and students and one individual received the 2019 Information and Communication Technology (ICT) Awards from the HCM City Department of Information and Technology last Saturday.
— Viet Nam News

 

Feature photo Magalie L’Abbé

This week’s Vietnam morning news feature photo focus on environmental concerns throughout Asean — toxic traffic jams. 

 

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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