Vietnam morning news for January 11

Vietnam morning news for January 11

Vietnam morning newsVietnam’s economy forecast to grow by 6.9% in 2019: VEPR
Vietnam’s economic growth rate is expected to grow by 6.9% in 2019, up 0.1% compared to the target set by the 14th National Assembly, said Director of the Vietnam Institute for Economic and Policy Research (VEPR) Nguyen Duc Thanh.
— Nhan Dan

Trading accounts in Vietnam reach 2.2 million in 2018
The number of trading accounts rose by 260,000 to reach nearly 2.2 million as of the end of 2018, according to the Vietnam Securities Depository (VSD).

Tax collection up 12.3 percent in 2018
The taxation sector collected more than 1.14 quadrillion VND (49.46 billion USD) in tax for the State budget in 2018, equal to 107.2 percent of estimates and up 12.3 percent from 2017.

Vietnam start-up Bamboo Airways secures licence after delayed launch
Vietnam’s start-up Bamboo Airways has secured a licence from the local authorities, the company said, opening the way for its maiden flight in January after a string of delays.
— The Borneo Post

Hanoi prioritises Japanese technology in waste treatment projects
Hanoi will prioritise the use of Japanese technology in waste treatment projects in the future, said Chairman of the municipal People’s Committee Nguyen Duc Chung at a reception for Japanese Vice Minister of the Environment Takaaki Katsumata in Hanoi on January 10.

US group transfers pharmaceutical production technology to Vietnam
US-based Pfizer Group, one of the world’s premier biopharmaceutical companies, has signed an agreement on the transfer of pharmaceutical production technology to Vietnamese enterprises, so first products are scheduled to be produced in 2020.
— Vietnam+

Hà Nội and HCM City to have food safety inspection forces in all districts
Food safety inspection forces will be deployed in nine cities and provinces from July 1, deputy minister of health Trường Qu’c Cường announced at a Wednesday conference on food safety, the Thanh niên (Young people) newspaper reports.
— Vietnam News

Tien Giang strives to protect coastal forests from erosion
The Mekong Delta province of Tien Giang is striving to conserve coastal protection forests that have been seriously eroded by sea encroachment triggered by climate change.

2018 an eventful year for $500 million ride-hailing market
Warned of the stiff competition, more investors nevertheless joined the e-hailing market after the departure of Uber last year.
— Vietnam Insider

Vietjet offers millions of tickets from zero dong for Japan, int’l flights
Low-cost carrier Vietjet is giving one million super-saving tickets priced only from zero dong on its website from January 9 to 11.

Inter-bank e-payment turnover hits $3.2 trillion in 2018
Inter-bank electronic payment turnover accelerated to VNĐ73 quadrillion (US$3.2 trillion) in 2018, equal to 13 times the country’s GDP, according to Phạm Tiến Dũng, director of the State Bank of Việt Nam (SBV)’s Payment Department.
— Vietnam News

Vietnam says it wants to host TrumpKim summit
Vietnam has delivered to both South and North Korea its wish to host the envisioned summit between US President Donald Trump and North Korean leader Kim Jongun.
— The Nation (very annoying popups)

More than 1 billion USD retrieved from corruption, economic violations
The Ministry of Public Security’s Investigation Police Department on Economic, Corruption-related Crimes and Smuggling retrieved nearly 27 trillion VND (1.16 billion USD) from corruption and economic violations in 2018.

Vietnam enters world top 5 beauty rankings 2018
The Missosology page has just released a beauty ranking of countries in 2018, based on the achievements gained in five contests – Miss Universe, Miss World, Miss Earth, Miss International and Miss Supranational.
— Nhan Dan

Tan Son Nhat int’l airport works to better serve passengers during Tet
Domestic airlines plan to increase the frequency of flights by 8-10 percent during the upcoming Tet (Lunar New Year) holiday from January 20 to February 19 compared to the same period last year, according to a representative from the Ho Chi Minh City-based Tan Son Nhat International Airport.

Vietnam mulls $860 million northwestern expressway
A pre-feasibility study is set to be done for the VND20 trillion ($861.82 million) Hoa Binh – Moc Chau expressway.
— VN Express

Traders Expect Vietnam Stocks to Jump 18% This Year
Optimism for Vietnam’s stock market was running high at the start of 2018, before a rout erased all early gains. This year again, investors are confident.
— Bloomberg

Made-in-Vietnam satellite to enter space next week
MicroDragon, a made-in-Vietnam earth observation satellite, will be launched into orbit by an Epsilon-4 rocket from the Uchinoura Space Centre in Japan’s Kagoshima Prefecture at 7:50 of January 17 (Hanoi time), the Vietnam National Space Centre (VNSC) announced on January 9.
— Vietnam+

Việt Nam requests other countries to respect international law
Foreign Ministry Spokesperson Lê Thị Thu Hằng underlined Việt Nam’s stance on the US vessel USS McCampbell’s passage through waters off Việt Nam’s Hoàng Sa (Paracel) archipelago, while responding to reporters’ questions regarding the case on Wednesday.
— Vietnam News

More former bank officials put under investigation
Criminal proceedings have been launched against more former officials of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) with the charge of “violating regulations on banking activities, other activities relating to banking activities”, the Ministry of Public Security said on January 10.

US fund invests in VN organic food company
The US’s Small Enterprise Assistance Fund through its subsidiary, the SEAF Women’s Opportunity Fund, has invested in and lent to Organica Investment Joint Stock Company, one of Việt Nam’s leading retailers and distributors of organic and natural foods and beverages.
— Vietnam News

Company in Khanh Hoa licensed to export pufferfish
A company in Nha Trang city, the central province of Khanh Hoa, has been licensed to fish, purchase, process and export pufferfish.

Large banks cut lending interest rate to aid businesses
On Wednesday, four State-owned banks said they would cut interest rates on dong loans in the Government’s priority sectors to support firms in 2019, starting from Thursday.
— Vietnam News

Hoa Sen Corp. ships 2019’s first batch of steel sheet to US
Hoa Sen Corporation shipped 17,000 tonnes of steel sheet worth over 14 million USD to the US on January 10 – the firm’s first batch of exports to the market in 2019.

Trần Đề seaport in Sóc Trăng to be developed with private capital
The Ministry of Transport plans to develop Trần Đề seaport in Sóc Trăng Province into a national deep-water seaport with large scale by using private investment.
— Vietnam News

Seminar introduces tool to mitigate risks in overseas investment
A seminar on the risks and challenges in law abidance for Vietnam’s overseas investments was held in Hanoi on January 10.

VNDirect Securities opens Bình Dương trading house
VNDirect Securities Corporation (VNDS) on Saturday held an opening ceremony for its trading house in Bình Dương Province’s Thủ Dầu Một City, two months after it gained a business licence.
— Vietnam News

Hà Nội eyes cutting logistics costs
Hà Nội has devised a plan to cut logistics costs and improve transport connectivity in the capital city to support investors and businesses.
— Vietnam News

Director Certification Programme launched in HCM City
The Director Certification Programme (DCP) was launched in Ho Chi Minh City on January 10, a key part of the Global Entrepreneur Programme designed by the Vietnam Institute of Directors (VIOD) in order to promote the best practices in corporate governance among domestic firms.

VinaCapital inks deal with Kiwoom
VinaCapital Asset Management JSC has signed an MoU with Korea’s Kiwoom Asset Management to offer selected products to Korean investors.
— Vietnam News

PV Power targets $1.4b in 2019
PV Power has set targets for total revenue of VNĐ32.77 trillion (US$1.4 billion) and pre-tax profit of more than VNĐ2.5 trillion ($107.3 million) for 2019. Its profit after tax is projected to reach VNĐ2.28 trillion, but this year’s targets are lower than the company’s achievements in 2018.
— Vietnam News

Tet bonus in Ho Chi Minh City rises 25 percent
The average bonus for the upcoming Tet (Lunar New Year) in Ho Chi Minh City has been reported at more than 10.3 million VND (444.47 USD), a 25 percent rise compared to last year, according to the municipal Department of Labour, Invalids, and Social Affairs.

61 missing Vietnamese tourists found in Taiwan
As of January 8, 61 of the 152 Vietnamese tourists who went missing in Taiwan in late 2018 had been found, with 39 of them men and the remainder women. During the search, Taiwanese police also found many other illegal Vietnamese laborers, Thanh Nien Online newspaper reported.
— Vietnam Insider

Deputy PM: Businesses need support in market access
The Government needs to support enterprises that invest in science and technology to create national products, especially in market access, advertising and protecting their trademarks, said Deputy Prime Minister Vu Duc Dam.

Trade ministry to inspect big firms
The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.
— Vietnam News

Japanese-standard dairy products to enter Vietnamese market
Vietnam Nutrition Food JSC (NutiFood) and Japanese beverage group Asahi, the owner of baby food brand Wakodo, on January 10 announced the establishment of their joint venture, aiming to bring nutritional products for children that fit Japanese standards into Vietnamese market.

Vietnam Party chief expands corruption crackdown to military
He wants the military’s bosses to root out corrupt practices in managing and using its assets.
— VN Express

Tap water at last for Quảng Ngãi households
Tap water is coming to 19 households in Quảng Ngãi City, after four long decades.
— Vietnam News

Can Tho: Khmer Theravada Buddhist Academy’s first phase completed
The first phase of the construction of the Khmer Theravada Buddhist Academy was inaugurated in the Mekong Delta city of Can Tho on January 9.

Four new projects come to VSIP Quảng Ngãi
The central province of Quảng Ngãi officially presented investment registration certificates to four foreign companies at the Việt Nam-Singapore Industrial Park (VSIP)-Quảng Ngãi, with total investment of US$321 million, yesterday.
— Vietnam News

Ha Nam to build white-rumped langur conservation site
The Ha Nam People’s Committee on January 10 discussed a project to build a white-rumped langur conservation area in the northern province.

Hà Nội Observatory to open in second quarter
Hà Nội Observatory will be open to the public from the second quarter of this year, Việt Nam National Space Centre (VNSC) announced on Wednesday, according to Thanh niên (Young people) newspaper.
— Vietnam News

Ornamental flower farmers gain different crops this Tet
Farmers growing flowers and ornamental trees for Lunar New Year (Tet) holiday in many provinces are waiting for a bumper crop this year.

Thanh Hóa to expand Nghi Sơn EZ
The Nghi Sơn Economic Zone in the central province of Thanh Hóa will be expanded to 106,000 ha, ten times larger than its initial planned size, in order to meet business demand and turn the area into a driving force for the socio-economic development of the province and the north-central region.
— Vietnam News


Feature photo Quangpraha


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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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