Vietnam morning news for January 1

Vietnam morning news for January 1

Vietnam morning news

HCM City’s industrial production grows 8.15 percent this year
HCM City sustained its industrial expansion in 2018, recording an estimated 8.15 per cent rise in the Index of Industrial Production (IIP) from last year.
— Viet Nam News

Vietnam Promises Big Privatization Push For 2019, But Reality May Fall Short
With Vietnam on track to grow its economy at more than 6% this year on the back of foreign investment in export manufacturing, it’s easy to forget that a communist party still runs this Southeast Asian nation and, in effect, many of its largest companies.
— Forbes

Stable development predicted for property market in 2019
Experts believe that following a stable year, the real estate market will continue to develop well, with no bubbles, in 2019.
— Viet Nam Net

Vietnam strengthens efforts to remove EC’s “yellow card” warning on seafood
Vietnam has stepped up measures with an aim to convince the European Commission (EC) to remove a “yellow card” warning on its seafood, with strengthened efforts paid by all the relevant authorities, localities and fishermen.
— Nhan Dan online

Tough South China Sea talks ahead as Vietnam seeks to curb China’s actions
Tough negotiations lie ahead over a new pact between China and Southeast Asian nations aimed at easing tensions in the South China Sea, as Vietnam pushes for provisions likely to prove unpalatable to Beijing, documents reviewed by Reuters suggest.
— Reuters

Royal Thai Navy frigate visits Da Nang
Frigate H.T.M.S. TACHIN (FFG 471) of the Royal Thai Navy arrived at Da Nang port in the central city of Da Nang on December 31, starting a four-day visit to Vietnam.
— VNA 

Longest expressway in southern Vietnam nowhere near completion after 4 years
The Ben Luc – Long Thanh Expressway connecting the southern provinces of Long An and Dong Nai with HCMC will be 57.7km long. Its construction began in 2014 at a cost of around $1.6 billion.
— VN Express

Modest transmission capacity disillusions solar power investors
Solar power investors have poured big money into 332 solar power projects with total capacity of 26,000 MW, but they have been told that up to 90 percent of capacity may be dismissed because of limited transmission capacity.
— Viet Nam Net

2018 – Successful year for Vietnam’s tourism industry
The arrival of the 15 millionth foreign visitor of 2018 in Ha Long city, in the northern province of Quang Ninh, marks a successful year for the tourism industry.
— VNA 

HCM City real estate market lopsided, unsustainable: HoREA
The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand, a property industry business group said.
— Viet Nam Net

Berjaya Land plans to exit from hotel business in Vietnam
The company, which is controlled by tycoon Tan Sri Vincent Tan, told the stock exchange yesterday that TPC Development Ltd, a wholly-owned subsidiary of Berjaya Leisure (Cayman) Ltd, would be disposing its entire 75% stake in its joint-venture TPC Nghi Tam Village Ltd (TPC Village) for 1.24 trillion Vietnam dong.
— Vietnam Insider

Bonded warehouse inaugurated at An Giang’s Khanh Binh border economic zone
A bonded warehouse was inaugurated by Hai Thinh Phat company at the Khanh Binh border economic zone in Vietnam’s An Giang province and the Chrey Thom border economic zone in Cambodia’s Kandal province on December 30.
— Nhan Dan online

Ceremony marks 99th birthday of Hoa Hao Buddhism’s founder
The Central Executive Board of the Hoa Hao Buddhist Sangha held a ceremony in southern An Giang province on December 31 to mark the 99th birth anniversary of the Hoa Hao Buddhism’s founder – Huynh Phu So.
— VNA 

Drama and music shows to usher New Year in HCM City
A series of drama, music and dance shows featuring hundreds of singers, dancers and theatre artists are taking place in HCM City on the last days of the year, offering something for everyone on the occasion of the New Year 2019.
— VNA 

Van Don International Airport receives first commercial flight
Vietnam’s first privately-owned airport went into operation with the first commercial flight at Van Don Airport in Quang Ninh Province on December 30.
— Viet Nam Net

Top Reasons Why Vietnam is Great for Expats
When it comes to moving abroad, expats seek the perfect work-life balance when considering where to live.
— Vietnam Insider

Who are the next US dollar billionaires of Vietnam?
The assets of Ho Hung Anh and Nguyen Dang Quang are difficult to analyze, but CafeF has named them as the newest US dollar billionaires in Vietnam.
— Viet Nam Net

Hanoi Stock Exchange improves operation
The Ha Noi Stock exchange (HNX) has improved its share, bond and derivatives markets considerably in 2018 and will continue to enhance the markets’ operation next year.
— Viet Nam Net

 

Feature photo i Tour Vietnam

This week’s morning news photo focuses on the death, pain, and loss that typically occurs at this time of year on Asean roads due to drunk driving, speeding, and a failure to wear protective helmets when travelling on motorbikes.

 

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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