Vietnam morning news for February 19

Vietnam morning news for February 19

Vietnam morning newsVietnam targets $10 bln seafood export
Vietnam hopes to export $10 billion worth of seafood this year, meeting its 2020 goal a year early.
— VnExpress

Hanoi, HCMC among 20 most expensive cities in Southeast Asia
A new index puts Hanoi 13th and HCMC 15th on the list of 20 most expensive Southeast Asian cities.
— VnExpress

Vietnam: Watermelons facing many Chinese regulations
The Asia-Africa Market Department of the Ministry of Industry and Trade (MoIT), has made some recommendations for Vietnamese enterprises when exporting watermelons to China. According to the MoIT, watermelon cultivation area in China is currently about two million ha, 10% of the total area of fruit and vegetable crops. Watermelon average output is about 73-75 million tons per year.
— Fresh Plaza

Securities trading codes issued to 265 foreign investors in January
The Vietnam Securities Depository (VSD) granted new securities trading codes to 265 foreign individual and institutional investors in January.
— VNA NET

Việt Nam faces threat of trade deficit in 2019
Việt Nam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.
— Viet Nam News

Pepper output to reach 200,000 tonnes this year
Việt Nam’s pepper output this year would reach around 200,000 tonnes, according to the International Pepper Community (IPC).
— VietnamPlus

Vietnam’s cashew industry in pain
THE average price of Vietnamese cashew has inched up on the global market this year, but the Vietnamese processing industry continues to face challenges.
— The Phnom Penh Post

Bamboo Airways to launch more round-trip flights in February
Việt Nam’s new budget carrier Bamboo Airways has announced that it will launch three new air routes between HCM City-Vinh, Hà Nội-Vinh, and Vinh-Buôn Mê Thuột, with at least seven round-trip flights per week from February 23.
— Viet Nam News

Industry 4.0 technologies crucial for tra fish sector: Minister
Industry 4.0 technologies are critical to improving tra fish quality and value, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
— VNA NET

VN’s largest cave in the world still a magnet for int’l press
The largest cave in the world, Sơn Đoòng Cave, which is in Việt Nam’s central province of Quảng Bình, continues to receive attention from international press outlets, the provincial Department of Tourism announced.
— Eleven Myanmar

UK newspaper promotes northern Vietnam for 2019 visit
In a listing 40 top holiday destinations for the year, The Guardian includes a tour of northern Vietnam.
— VnExpress

DA temporarily bans pork from Vietnam
Agriculture Secretary Manny Piñol has ordered a temporary prohibition of pork and pork products from Vietnam due to reports of an outbreak of the African Swine Fever (ASF).
— GMA Network

Prospects of the banking sector
A number of credit institutions reported record profits in addition to stable liquidity and interest rates and low non-performing loans in 2018,which will be the basis for credit institutions to be more optimistic about their business prospects in 2019.
— Nhan Dan Online

Inflation forecast to increase slightly this year
A series of factors will be the key drivers of Vietnam’s consumer price index for 2019, which is projected to be a bit higher than last year.
— Nhan Dan Online

Chinese firms explore investment, agro-product import chances
A business delegation from China are paying a visit to Vietnam to study the possibility of investing and importing agro-forestry-aquatic products of the Southeast Asian country.
— VietnamPlus

Central bank to change reserve requirement policy
The State Bank of Vietnam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time since 2011. The plan has put forward for comment.
— VietnamPlus

Vietnam marches toward 5G despite warnings about early deployment
Despite advice against the early deployment of 5G, the government of Vietnam and the Ministry of Information and Communication (MIC) have taken the first steps toward 5G.
— Vietnam Insider

Hanoi’s first metro line to be put into operation from April
Hanoi’s long-delayed Cat Linh-Hadong metro line, which is developed by a Chinese company, is expected to start commercial operations in April.
— Vietnam Insider

SBV to change reserve requirement policy
The State Bank of Viet Nam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time since 2011.
— Bizhub

VN seeks more FDI from Japan
Việt Nam is expected to receive more foreign direct investment (FDI) from Japan in the coming years as part of its strategy to shift investment attraction towards high-quality capital.
— Viet Nam News

Vietnam stocks to progress amid profit-earning pressure
After performing quite well in the first trading week after returning from a week-long Tết (Lunar New Year) holiday, market volatility is in focus this week with strong profit-taking possible following the rallies of local stocks.
— Viet Nam News

Bac Giang seeks to tap tourism potential
A workshop was recently held in Bac Giang to seek ways to develop tourism in the northern province.
— VNA NET

Fruit, flower prices rise on full moon
Demand for fruit and flowers usually increases sharply on the occasion of the lunar year’s first full moon, and a short supply this year has caused their prices to spiral upwards.
— Viet Nam News

Banks upbeat about coming year
Most banks will not officially set their annual targets until their shareholder meetings in April, but many bank leaders are optimistic about 2019 with plans to increase profits through cutting operating costs and promoting digital services.
— Viet Nam News

The Hot New Market for Luxury Property Is Vietnam
The Grand Manhattan embraces the latest in New York living.
— Bloomberg

Central region told to develop tourism as key economic sector
The Central and Central Highlands Region has been told to work harder to make tourism a key economic sector of the whole region.
— Bizhub

Urgent solutions needed to address EU’s warning of IUU fishing: ministry
The Ministry of Agriculture and Rural Development has asked the central coastal provinces of Nghe An, Ha Tinh and Phu Yen to take urgent actions and find solutions in response to the EU’s warning about illegal, unreported and unregulated (IUU) fishing.
— VNA NET

Central region told to develop tourism as key economic sector
The Central and Central Highlands Region has been told to work harder to make tourism a key economic sector of the whole region.
— Viet Nam News

HCM City to hold fourth auction for bus advertising spaces
The HCM City Department of Transport’s Management Centre of Public Transport will organise an auction for 11 bus advertising packages for the fourth time on March 8 at Tan Binh District’s Auction Centre.
— Bizhub

Argentine President’s Vietnam visit – chance to boost bilateral ties
Argentine President Mauricio Macri’s State visit to Vietnam from February 19-21 will be a chance for the two countries to enhance cooperation in trade and investment, with a hope to deepen the bilateral strategic partnership.
— VNA NET

Vĩnh Long vows to work with businesses
Leaders of the Mekong Delta province of Vĩnh Long pledged to work with enterprises during a gathering with local businesspeople last Friday.
— Viet Nam News

 

Feature photo Sarahhoa

 

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).

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.

 

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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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