Vietnam morning news for January 23

Vietnam morning news for January 23

Vietnam morning news

Vietjet Air to operate an additional 2,500 flights for Tet
Low-cost carrier Vietjet Air will operate 2,500 additional flights to serve passengers during the upcoming Tet (Lunar New Year) holidays and the 2019 festive season, offering over 500,000 tickets to customers.

Vietnam’s 2018 steel output hits 24.19 million mt, up 15% on year
Vietnam’s steel production totaled 24.19 million mt in 2018, up 14.9% year on year, data from the Vietnam Steel Association showed.
— Hellenic Shipping News

Malaysia ranks 12th among Viet Nam’s foreign investors in 2018
Malaysia ranked 12th among the countries and territories investing in Vi?t Nam in 2018 with total registered capital hitting US$435.54 million, according to the Vietnamese trade office in Malaysia.
— Viet Nam News

Hanoi asked to submit urban administration project
Prime Minister Nguyen Xuan Phuc has asked Hanoi to promptly build a pilot management project in the model of urban administration and submit to the Politburo for consideration.

VN’s fintech firm raises $1m in funding from Singapore investor
Vietnamese fintech firm Finhay had successfully raised nearly US$1 million from Singapore-based Insigna Venture Partners�and other investors, the company announced on January 17.
— Vietnam News

20% of budget expenditure for education: minister
The Vietnamese Government has allocated 20 percent of State budget spending or 5.8 percent of national gross domestic product (GDP) each year on education, Minister of Education and Training Phung Xuan Nha has said.

FDI could be a great wave into Vietnam by 2019
There is being a shift in FDI inflows into Vietnam. More and more FDI enterprises pour quality capital into Vietnam instead of by the reason looking for natural resources, low labor cost, etc as before.
— Vietnam Insider

HCM City’s smart traffic operation centre to open in February
The Ho Chi Minh City Department of Transport said that the city’s smart traffic operation centre is being completed and is scheduled to become operational in February.

Border Spat Shows Cambodia-Vietnam Relations Tested, while Chinese Influence Grows
On January 7, Prime Minister Hun Sen rode into Phnom Penh’s old Olympic Stadium in an open-top Mercedes and waved at the 50,000-strong crowd that had gathered to celebrate the 40th anniversary of the toppling of the Khmer Rouge regime by the Vietnamese army and units of Cambodian soldiers it supported.
— VOA Cambodia

GreedFeed aims for safe pork
The GreenFeed Việt Nam Corporation will help the southern province of Bình Thuận build a chain of safe pork production facilities from now until 2022.
— Vietnam News

Former petrochemical executives receive 4-8 years in prison
Four former executives of Binh Son Refining and Petrochemical JSC (BSR) on January 22 were sentenced to four to eight years in prison for charges of “abusing position and power to appropriate assets”, following a two-day trial.

New multi-stakeholder initiative seeks to make finance sector ally of sustainability
The Asia Sustainable Finance Initiative was launched in Singapore on Monday to help shift Asia’s financial flows towards sustainable economic, social and environmental outcomes.
— Vietnam News

Quang Tri records economic growth of 7.12 percent in 2018
The central province of Quang Tri fulfilled all of its set socio-economic targets in 2018 and posted an annual economic growth of 7.12 percent, Vice President Dang Thi Ngoc Thinh was reported at a working session with local authorities on January 22.

Canada might impose anti-dumping duties on carbon steel welded pipes from VN
The Canada Border Services Agency has made a final decision on taxes for carbon steel welded pipes from Việt Nam.
— Vietnam News

Petrol imports to be reduced this year
Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quất Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Do Thang Hai.

Trouble in other markets may prompt Apple to consider Vietnam
While iPhone sales falling in many markets, leading to a sharp drop in Apple share prices, sales have continued to go well in Vietnam.
— Vietnam Insider

Bến Tre copra price falls due to oversupply
The prices of copra in the Cửu Long (Mekong) Delta Province of Bến Tre have dropped sharply in the last few days, worrying growers as�Tết�(Lunar New Year) draws near.
— Vietnam News

Deputy PM pays pre-Tet visit to Nam Dinh province
A government delegation, led by Deputy Prime Minister and Foreign Minister Pham Binh Minh, visited and extended New Year greetings to poor families and workers in the Red River Delta province of Nam Dinh on January 22.

Motorbikes still the vehicle of choice in Vietnam
Sales rose for the fourth straight year as 3.39 million new motorbikes were bought in Vietnam last year.
— VnExpress

Forum on agricultural product consumption to be held for first time
A forum on agricultural production and consumption promotion will be held in Hanoi for the first time, according to the Ministry of Agriculture and Rural Development.

Rising motorcycle market revving up
The Vietnamese motorcycle market in 2018 broke its sales record set seven years ago with nearly 3.4 million units sold for a year-on-year increase of 3.5 per cent.
— Bizhub

Party internal affairs commission contributes greatly to anti-corruption work
The Commission for Internal Affairs of the Party Central Committee has made significant contributions to the fight against corruption, it was affirmed at the commission’s meeting on January 22.

BSC posts first quarterly loss since 2012
BIDV Securities Corporation (BSC) reported a loss of VNĐ10 billion (US$448,500) in the fourth quarter of 2018, marking its first quarterly loss in six years.
— Vietnam News

Training course on civilian protection in peacekeeping operations opens in Hanoi
The Vietnam Department of Peacekeeping Operations on January 21 opened a training course on civilian protection for 16 Vietnamese officers and 10 others from foreign countries.

New Eximbank – the journey to becoming a leading quality bank in Vietnam
In 2018, despite many challenges, Vietnam’s Eximbank has achieved better financial result thanks to hard work by all of its staff and strong support from valued customers.
— Vietnam Insider

European poultry quality campaign in Vietnam reviewed
The European Poultry – the Power of Quality campaign’s performance in Vietnam over the last three year was reviewed at a conference held by the National Poultry Council in Ho Chi Minh City on January 21.

Jewellery promotions launched in HCM City for Tết
Jewellery firms in HCM City have been launching promotions and discounts as well as new collections to welcome the Year of the Pig.
— Vietnam News

Tet gifts, supplies arrive for soldiers on Truong Sa archipelago
Three cargo ships, the Truong Sa 571, Truong Sa 561 and KN 491, docked at Cam Ranh port in the central province of Khanh Hoa on January 22, completing their voyage to deliver gifts to soldiers and islanders on Truong Sa archipelago ahead of the traditional Lunar New Year (Tet).


Feature photo Asian Development Bank

This week’s Vietnam morning news feature photo acknowledges International Day of Education, January 24.


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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