Vietnam morning news for December 5

Vietnam morning news for December 5

Vietnam morning news

Vietnam gas-fired plants offer long-term value to investors
VIETNAM’S power sector – especially gas-fired plants – offers long-term value to investors, given the expected surge in demand for electricity, even though tariffs are low for now.
— Vietnam Insider

Vietnam’s biggest coconut milk producer to offer 30% stake to foreign investors
Vietnam’s biggest coconut milk producer plans to sell shares to the public in the next few years as sales soar thanks to a groundswell for plant-based diets in the West. Mai Ngoc Chau reports on Bloomberg.
— Vietnam Insider

Bamboo Airways expects profits to take off in 2020
Private budget airline Bamboo Airways says it expects profits in the first quarter next year as its fleet expands to 30 aircraft.
— VnExpress

Trade deals trigger foreign investments in Vietnam’s food sector
According to forecasts of BMI Research, Vietnam’s food industry is expected to achieve annual growth of 10.9% in 2015-2020.
— The Hanoitimes

Vietnam to champion ‘cohesive’ ASEAN
Vietnam is likely to devote its full attention to ASEAN when it takes up the chairmanship of the bloc in 2020, in what international relations experts believe will be a challenging year for ASEAN unity in the face of global economic headwinds and a more assertive China.
— The Jakarta Post

Trade volume at China-Vietnam border port bustling
The cargo volume at southwestern China’s Tianpeng port, located on the border of Yunnan Province and Vietnam, totaled 63,095 tonnes in the first three quarters of 2019, up 22.86 percent year on year.
— China.org

New FTAs put pressure on VN to reform business practices
New-generation Free Trade Agreements (FTAs) are expected to help Việt Nam become more competitive if the country reduces trading costs and improves its business environment, experts said on December 3 at a conference in HCM City.
— Viet Nam News

Vietnam’s Fintech customers request higher amounts of financing with age
The older customers become, the more financing they request when applying to fintech services. These are the findings of the financial holding Robocash Group based on the statistics of customer applications in Asia this year.
— Vietnam Insider

Vietnam, Japan forge people-to-people diplomacy
Deputy Prime Minister Trinh Dinh Dung on December 3 hosted a reception for Vice President of the Japanese International Friendship Exchange Council (FEC) Onoi Yoshiki.
— NDO

Hoi An to build $46 mln anti-erosion embankment
Hoi An in central Vietnam will build an embankment worth VND1.07 trillion ($46.2 million) over the next four years to prevent erosion.
— VnExpress

N. Korean Defectors Detained in Vietnam Seek Seoul’s Help With Asylum
Eleven North Korean defectors detained in Vietnam are asking the South Korean government to provide asylum in Seoul so they can avoid being deported to North Korea, according to a South Korean activist group.
— VOA

Why overseas investors are moving into Vietnam’s luxury apartment market
You could say there are at least 5,320 reasons for institution investors to enter the luxury apartment market in Ho Chi Minh City.
— Apac Real Estate

S. Korea signs double taxation avoidance pacts with Vietnam, Cambodia
South Korea has signed separate pacts with Vietnam and Cambodia to prevent double taxation on offshore income of their nationals or companies doing business in the counterpart country, a move that will ease the tax burden on Korean firms actively expanding presence in the Southeast Asian countries.
— Pulse News

Vietnam to champion ‘cohesive’ ASEAN despite testy ties with China
Vietnam is likely to devote its full attention to ASEAN when it takes up the chairmanship of the bloc in 2020, in what international relations experts believe will be a challenging year for ASEAN unity in the face of global economic headwinds and a more assertive China.
— The Jakarta Post

Seafood firm Vĩnh Hoàn to pay dividend in shares
The source of dividend payout will come from the company’s undistributed post-tax profit as of December 31, 2018.
— Viet Nam News

Over 130,000 labourers head overseas for work in 11 months
Vietnam sent 132,802 labourers to work abroad in the first 11 months of 2019, according to the Vietnam Association of Manpower Supply (VAMAS).
— VietnamPlus

Board of directors develop to take advantage of growing economy
With the Vietnamese economy still growing, firms’ boards of directors should develop to take advantage of opportunities, a top businessman has said.
— Viet Nam News

Communist Vietnam Fights for a 40-Hour Work Week
Happy families are all the same, according to Tolstoy. Unhappy families, though, have too many members who are overworked, according to Nguyen Thien Nhan, one of the officials at the forefront of Vietnam’s fight to decrease the work week down to 40 hours.
— VOA

Diplomatic efforts needed to prevent worst impacts of upstream Mekong dams
Provincial authorities in the Mekong Delta have asked Vietnamese officials to address the inter-Governmental Mekong River Commission and step up diplomatic efforts to deal with countries upstream that are threatening the flow of the giant water resource.
— Viet Nam Net

Manutronics’ trillion worth of “handshake” in global automotive electronics industry
A number of East Asian countries have chosen electronics as the key to gaining incredible success and become an Asian ‘tiger’ economy.
— Viet Nam News

Forest management sector to improve forest protection
It is forecast that climate change will increase the risk of forest fires next year, thus concerned organisations should be vigilant and prepare for fire prevention and control.
— Viet Nam Net

Việt Nam’s trade surplus tops $9.1 billion in Jan-Nov
During the January-November period, the country’s trade turnover hit $473.73 billion. Of which its exports amounted to $241.42 billion, up 7.8 per cent year-on-year, and imports totaled $232.31 billion, up 7.4 per cent.
— Viet Nam News

Party official receives Dominican Republic guest
Politburo member and standing member of the Party Central Committee Secretariat Tran Quoc Vuong hosted a reception in Hanoi on December 3 for General Secretary of the Dominican Republic’s United Left Movement (MIU) Miguel Mejia.
— NDO

Complete policies needed to support Vietnamese start-ups
The Việt Nam Chamber of Commerce and Industry organised the fourth national start-up forum in Hà Nội on Monday.
— Viet Nam News

Hanoi hosts 5th Regional Dialogue on ASEAN-UN Political-Security Cooperation
The fifth Regional Dialogue on ASEAN-UN Political-Security Cooperation opened in Hanoi on December 3, within the framework of the seventh ASEAN-United Nations Workshop.
— NDO

Germany automation firm Festo to set up factory in Việt Nam
Festo, a German supplier of automation technology and technical education, plans to set up a plant in Việt Nam to take advantage of the increasing foreign investment and production in the country.
— Viet Nam News

VN stocks decline for a second day
Vietnamese shares fell for a second day as investors remained concerned about the frailty of the market following Monday’s collapse.
— Viet Nam News

Forest management conference looks at ways to improve resources protection
It is forecast that climate change will increase the risk of forest fires next year, therefore concerned organisations should be vigilant and prepare for fire prevention and control.
— VietnamPlus

Vietnam Airlines wins two travel awards
These awards were granted to Vietnam Airlines thanks to increasing efforts to improving its customer service and upgrading its fleet, said Graham E Cooke, Founder of World Travel Awards.
— Viet Nam News

Vietjet to launch HCM City – Pattaya service
In order to celebrate the new service, the budget airline is giving away more than 100,000 super-saving tickets selling from zero ng between Monday and Thursday.
— Viet Nam News

HCMC looks to boost multifaceted cooperation with New South Wales
Continuing a working visit to Australia, Politburo member, Secretary of HCMC Party Committee Nguyen Thien Nhan had a working session with Governor and Premier of New South Wales, Margaret Beazley and Gladys Berejiklian on December 2.
— Sggp News

Sovico Group, Samsung SDS enhance co-operation in wide range of sectors
For his part, Nguyen Thanh Hùng, Chairman of the Founder Council of Sovico Group said the cooperation with Samsung SDS will contribute to a significant growth for two companies and soon offer more products and services to the market community.
— Viet Nam News

Conference on boosting exports to China
China has been strengthening its management system and has certain requirements in terms of standards, traceability, packaging, labels and packaging, which has affected the exports of many enterprises.
— Viet Nam News

Coffee King dismisses ex-wife’s talk of reunion as ‘trick’
Vietnam’s so-called Coffee Queen has sought reconciliation with her estranged husband, but he wants none of it, only a settlement of their property dispute.
— VnExpress

HNX approves listing of IDICO
The Hà Nội Stock Exchange (HNX) has approved the listing of 192 million shares of the Việt Nam Urban and Industrial Zone Development Investment Corporation (IDICO) on the HNX, under the code IDC.
— Viet Nam News

Việt Nam, Egypt to strengthen trade cooperation
Việt Nam and Egypt need solutions to increase bilateral trade, especially as each country has advantageous products that can penetrate the other’s market.
— 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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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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