Vietnam morning news for March 19

Vietnam morning news for March 19

Vietnam morning newsCashless payment in Vietnam could grow to 50% in three years: MoMo CEO
For Vietnamese e-wallet MoMo operator M-Services – that has received a total of $33 million funding from Goldman Sachs and Standard Chartered Private Equity before it announced another investment from Warburg Pincus earlier this year – the biggest competitor it faces is the cash economy, not other rivals in the region.
— DealStreetAsia

FDI inflow promises bright prospect for property sector
The flow of foreign direct investment (FDI) into property in the first months of 2019 promises to bring many new opportunities for the real estate market.
— VNA NET

Viet Nam exports $97.4 million goods to Laos in Jan-Feb
Viet Nam exported US$97.4 million worth of goods to its neighbouring country Laos in the first two months of 2019, up 20.26 per cent against the same period last year, according to the industrial and commercial information centre under the Ministry of Industry and Trade.
— Bizhub

Foreign investors deeply impressed with Vietnam startup scene
With its demographics and state of technological development, Vietnam is all set to churn out highly successful start-ups, foreign investors say.
— VnExpress

Agricultural sector posts trade surplus of $1b in two months
The agricultural sector gained a trade surplus of US$1 billion in the first two months of this year despite a year-on-year decrease of 1.6 per cent in export value.
— Viet Nam News

M&A wave set for banking sector in 2020
2020 is believed to be a do-or-die year for banks since the SBV has decreed that they must all meet global capital adequacy norms, according to analysts.
— VNA NET

Vietnam targets higher coffee quality, value
The domestic agricultural sector is working to raise the quality and value of Vietnamese coffee given that coffee export turnover has yet to match the volume.
— VNA NET

Full steam ahead for cruise tourism sector
Viet Nam’s sea tourism sector has reported annual growth of only 2 per cent to 3 per cent, while other Asian countries have witnessed robust growth in cruise tourism in recent years.
— Bizhub

USAID official suggests ways to develop renewable energy
Director of the US Agency for International Development (USAID)’s Environment and Social Development Office Christopher Abrams has suggested Vietnam should pool domestic resources to develop renewable energy and import natural gases to increase their supply in the future.
— VNA NET

VN rice industry needs to establish value chains
After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Viet Nam – though not by much.
— Bizhub

Two solar power projects approved
The southern coastal province of Bà Rịa – Vũng Tàu has favourable conditions for renewable energy.
— Viet Nam News

Vietnamese, Japanese firms seal egg deal
Ba Huân Joint Stock Company and Japan’s Ise Foods Inc last week signed a co-operation deal on the production and distribution of fresh eggs, vietnamplus.vn reports.
— Viet Nam News

More than 60.2 trillion VND raised from G-bond auctions
The State Treasury of Vietnam has raised more than 60.2 trillion VND (2.6 billion USD) from G-bond auctions at the Hanoi Stock Exchange (HNX) since the beginning of this year.
— VNA NET

Vietnam targets higher coffee quality, value
The domestic agricultural sector is working to raise the quality and value of Vietnamese coffee given that coffee export turnover has yet to match the volume.
— VietnamPlus

Vietnam a challenging yet rewarding country for environmental reporting
Vietnam is among the hardest countries in the world to report in, as it ranked 175th out of 180 nations in Reporters Without Borders’ 2018 Press Freedom Index.
— Mongabay

Ho Chi Minh City officials call off canal cleanup event due to lack of permit
An event organized by a group of young people to clean up canals in Ho Chi Minh City was called off at the last minute on Sunday after officials told them a permit was required for the activity.
— Vietnam Insider

Farmers need support to expand fruit production
Fruit is a key produce of provinces around the Mekong Delta. However, small-scale production and poor links from production to purchase, from process to export, are hindering the development of orchards, attendees heard at a workshop held yesterday in the Mekong Delta province of Long An.
— Bizhub

Vietnam to lead Asia-Pacific in foreign arrivals over next five years
Based on the average annual growth rate of foreign arrivals, Vietnam, Laos and Papua New Guinea are expected to become the leading travel destinations in the next five years, according to the latest Asia Pacific Visitor Forecasts 2019 – 2023 report released by the Pacific Asia Travel Association.
— VietnamPlus

Nam A Bank affirmed that, stock disputes between shareholders not related to the business activities
Before the information related to stock disputes between shareholders, Nam A Bank affirmed that the disputes (if any) are completely civil relations between shareholders, not related to the business activities of Nam A Bank – a public company operating publicly, transparently and strictly complying with the current legal regulations.
— Vietnam Insider

Vietnamese banks lose foreign partners one by one
The last few years have seen a number of cases of foreign partners severing ties with Vietnamese banks.
— VnExpress

Heroic woman saves newborns from death
Đinh Nay Huỳnh, head of Ayun Commune’s women association in Gia Lai Province’s Chư Sê District, first saved a newborn’s life 14 years ago.
— Vietnam Insider

Nearly two thirds of foreign workers in Vietnam join compulsory social insurance
An estimated 64 percent of foreign workers in Vietnam have joined compulsory social insurance after the Government’s decree 143/2018/ND-CP regulating compulsory social insurance for foreign workers took effect.
— VNA NET

Full steam ahead for cruise tourism sector
Việt Nam’s sea tourism sector has reported annual growth of only 2 per cent to 3 per cent, while other Asian countries have witnessed robust growth in cruise tourism in recent years.
— Viet Nam News

Vietnamese man single-handedly fights drug habit, wins
Despite losing an arm to a police bullet, Do Hoang Toan has painstakingly rebuilt his life to script an inspiring story.
— Vietnam Insider

Mavin to invest in food processing plant in Việt Nam
Việt Nam – Austria joint venture Mavin Group would invest in a high-tech research and development centre and a food processing plant in the south at a total cost of over US$80 million, said Chairman David John Whitehead.
— Viet Nam News

Hanoi TOP100 winner shows the best Vietnam has to offer
Another day, another city for the e27 TOP100 competition. Over the weekend, we landed in Hanoi, Vietnam to listen to the best pitches the city has to offer.
— e27

Đất Xanh Real Estate to IPO real estate services segment in late 2019
Đất Xanh Real Estate Service and Construction Corp (DXG) plans to conduct initial public offering (IPO) for its real estate services segment in late 2019, early 2020.
— Viet Nam News

Vinamik offers to purchase GTN shares for Moc Chau Milk
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has offered to purchase more than 116 million shares of the GTNFoods Joint Stock Company (GTN) as GTN indirectly holds shares in Moc Chau Milk.
— VNA NET

 

Feature photo United Nations Photo

This week’s Vietnam morning news photo features World Water Day, March 22.

 

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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