Vietnam morning news for March 12

Vietnam morning news for March 12

Vietnam morning news

Vietnam highlights: The growth of air travelers in Vietnam now is leading southeast Asia
World Bank estimates that in the period of 2016-2021, Vietnam aviation industry has a compound growth rate of 17.4% while ASEAN average is 6.1%. The report also forecasts the growth of Vietnam aviation in the period 2016-2026 will even be higher, up to 20%.
— Vietnam Insider

Vietnam lags behind ASEAN peers on economic freedom index
Vietnam moves up 13 places on Economic Freedom Index, but remains in the ‘mostly unfree’ class.
— VnExpress

Credit growth in the first 2 months has been only 0.77%.
The monetary & credit market is relatively stable, up to 25 February 2019, the total means of payment increased 2.11%; capital mobilization increased 01%, credit for the economy increased 0.77% compared to the end of 2018.
— Vietnam Insider

Ho Chi Minh City: How Vietnam’s Emerging Megacity Will Develop
Megacity has become a buzzword associated with rapid urbanization and economic development. For Vietnam, the commercial capital Ho Chi Minh City is often identified within this narrative.
— Vietnam Briefing

MPI estimates GDP lower than its low growth scenario
The Ministry of Planning and Investment (MPI) lowered its estimate for Vietnam’s GDP growth to 6.58 percent in the first quarter of this year.
— VietnamPlus

Vietnam ready for mobile payment
Mobile payment is becoming more and more popular thanks to its undeniable benefits, such as quickness, convenience, high security and continually updated features.
— Nhan Dan Online

Vietnamese consumers buck trend as global confidence dips
Vietnamese people remain among the most optimistic consumers even as global confidence falls in Q4 2018, a survey finds.
— VnExpress

Two-month export of aquatic products up 4.4 percent
The export of aquatic products earned the country 372 million USD in February, bringing the total export value of those products in the first two months of 2019 to 1.11 billion USD, up 4.4 percent from a year ago.
— VietnamPlus

Vietnam a growing market for foreign fruit exporters
In recent years, many foreign fruit exporters have entered Vietnam to take advantage of local people’s rising popularity of imported fruit in the country.
— The Phnom Penh Post

Vietcombank to sell Vietnam Airlines shares
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell more than 2.3 million shares it owns in the national carrier Vietnam Airlines.
— VietnamPlus

Vietnam promotes pangasius export to the European market.
The target of exporting pangasius this year reached 2.3 billion USD, in which, besides stabilizing exporting to US & China markets as usual, companies are going to boost their exports into European market.
— Vietnam Insider

Google to support Vietnamese startups go global
Google will support Vietnamese startups with cloud services worth up to $100,000 each to help them go global.
— VnExpress

VIB plans to reach VND3,400 billion profit before tax in 2019, up by 24% year-on-year
Vietnam International Bank (VIB) has just released documents for Annual General Meeting 2019 (AGM), expected to be organized on March 28 in Ho Chi Minh City.
— Vietnam Insider

Hanoi office rental yield highest globally
Hanoi offered the highest grade A office rental yield in the world last year — 8.57 percent, a Savills report said.
— VnExpress

Bao Viet wins Asia’s most transparent report award
Bao Viet Holdings, a financial and insurance services group of Vietnam, has been honoured as the firm with the most transparent financial report in Asia by the Singapore-based sustainability services provider CSRWorks International.
— VietnamPlus

E-portal about CPTPP launched
The Ministry of Industry and Trade recently debuted a new website available at http://cptpp.moit.gov.vn/ where citizen and enterprises can learn more about the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
— Viet Nam News

City to host int’l telecom, IT and communications products and services expo
Vietnam ICT COMM 2019, an international exhibition on products, services of telecommunications, information technology and communications, to be held in HCM City in June, will offer local and foreign companies a chance to network and explore business opportunities.
— Viet Nam News

Vietnam has potential to produce speciality coffee
Coffee production areas across many Vietnamese provinces, including Dak Lak, Dak Nong, Son La and Lam Dong, are endowed with crop varieties, weather conditions and soils that are suitable to develop speciality coffee, according to experts.
— VNA NET

Vietnam May Be World’s Fastest-Growing Golf Market
Of the 209 countries around the world with golf courses, the fastest-growing market just might be in Vietnam.
— Forbes

China, Vietnam Regularly Clashing at Sea Despite Diplomacy
A capsized Vietnamese fishing boat that Hanoi says was hit by a Chinese vessel in contested waters is the latest in what scholars call a string of often unreported maritime mishaps between the two sides despite official efforts to get along.
— VOA

European Parliament to vote on timber legality agreement with Vietnam
Members of the European Parliament will vote Tuesday on a resolution to consent to the EU’s Voluntary Partnership Agreement (VPA) with Vietnam, aimed at improving the legality of wood and wood products flowing from the country into the EU.
— Mongabay

Vietnam, Iran foster cooperation
Deputy Foreign Minister Nguyen Quoc Cuong stated that Vietnam treasures developing friendship and multifaceted cooperation with Iran, during talks with Iran’s Vice Minister of Foreign Affairs Morteza Sarmadi in Hanoi on March 11.
— Nhan Dan Online

Japan-Vietnam Defense Relations in Focus With Military Chief Visit
The recent trip by a high-level Vietnamese defense delegation spotlighted ongoing activity in the bilateral relationship.
— The Diplomat

February car imports surge
Việt Nam’s import of cars reached 14,134 units in February, worth over US$300 million, according to a report from the General Department of Customs.
— Viet Nam News

Ex-leader of Vietsovpetro to stand trial this month
Tu Thanh Nghia, former General Director of the Vietnam-Russia oil and gas joint venture Vietsovpetro, will face trial on March 21 on charges of “abusing position and power to appropriate assets.”
— VNA NET

Will Vietnam receive ‘new-generation’ FDI?
Vietnamese officials and economists are now discussing what the country needs to do to receive next-generation FDI (foreign direct investment). After 30 years of attracting FDI, the country understands what it has gained and what it should ‘pay’ for capital flow.
— Vietnam Insider

Painting contest aims to promote non-smoking life
A painting contest aiming to raise public awareness of the dangers of smoking was launched in Hanoi on March 10.
— VNA NET

VNM ETF updates quarterly investment portfolio
VanEck Vectors Vietnam ETF (VNM ETF) – the Vi?t Nam-focused exchange-traded fund managed by asset management firm MV Index Solutions – has released the latest update of its quarterly portfolio review.
— Viet Nam News

Logistics in Mekong Delta yet to meet expectations
The Mekong Delta is a large agricultural exporter as well as goods and machinery importer, but logistics in the region has been insufficient to promote agricultural production and exports.
— Viet Nam News

 

Feature photo Quangpraha

 

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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