Vietnam morning news for March 7

Vietnam morning news for March 7

Vietnam morning newsDue to the country’s policies encouraging FDI, Vietnam becomes attractive destination
Vietnam has become an attractive destination for foreign investors largely due to the country’s policies encouraging foreign direct investment (FDI), its political stability and strong economic growth.
— Vietnam Insider

Vietjet Air offers 2.4 million cheap tickets
Budget airline Vietjet Air will offer 2.4 million tickets starting from 0 VND on March 6-8 to celebrate the International Women’s Day (March 8).

US blueberry growers preparing first shipments to Vietnam
The news that Vietnam has opened up its doors to blueberry imports from the US has been welcomed by blueberry growers and shippers across the country. Suppliers are very positive about the new development and are looking forward to shipping the first berries to the country.
— Fresh Plaza

State budget collection rises 18.2 percent in two months
Total state budget revenue was estimated at nearly 246.5 trillion VND (10.6 billion USD) in the first two months of 2019, up 18.2 percent year-on-year and equivalent to 17.5 percent of the target for the whole year.

Dong Nai province posts 500 million USD in trade surplus
The southern province of Dong Nai recorded a trade surplus of 500 million USD in the first two months of 2019, according to the provincial Department of Industry and Trade.

Vietnam to launch National Innovation Centre
A project formally launched by Vietnam’s government to establish National Innovation Centre in Hanoi, which armed to help lay the groundwork for Vietnam to capitalize on the Industry 4.0 era.
— Vietnam Insider

70 percent of Japanese firms to expand investment in Vietnam: JETRO
Up to 70 percent of Japanese businesses have announced that they want to expand operations in Vietnam, especially in manufacturing, trade and service, and retail sector, according to the Japanese External Trade Organisation (JETRO).

Vinaconex signs MoU with Singaporean firm
Vi?t Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) on Tuesday signed a memorandum of understanding to develop new projects with CPG International, a member of Singapore’s CPG Corporation.
— Viet Nam News

Dung Quat oil refinery expansion project accelerated
The Ministry of Natural Resources and Environment has approved the environmental impact assessment report of a project to upgrade and expand the Dung Quat Oil Refinery, which is operated by the Binh Son Refining and Petrochemical Company (BSR).

Vietjet celebrates International Women’s Day with 2.4 million discounted tickets
Vietjet is giving away 2.4 million promotional tickets priced only from zero ?’?”ng between now and Friday in a move to celebrate the upcoming International Women’s Day.
— Viet Nam News

US real estate developers target EB-5 capital from Viet Nam
US real estate developers are turning to a new, fast-growing source of cheap capital known as EB-5 from Viet Nam, reported the Wall Street Journal on Tuesday.
— Bizhub

E-commerce market a haven for fake goods
E-commerce is a potential goldmine for businesses over the next two years with a potential reach of 10 billion USD.

Social enterprises in need of more support
Detailed support policies are needed to help develop social enterprises, experts have said.
— Bizhub

Coal-fired power set to grow to meet Vietnam’s needs
Though the Government plans to increase its renewable energy capacity, Vi?t Nam’s power industry is forecast to see a rise in coal-powered generation as the cheap and reliable source remains the most feasible option to meet the country’s rapidly rising power demands.
— Viet Nam News

Cement, clinker exports see strong surges
Vietnam exported 5.37 million tonnes of cement and clinker in the first two months of 2019, raking in 228 million USD, year-on-year increases of 7.4 percent in volume and 29.9 percent in value.

Stability in South China Sea tackled in PH, Vietnam meet
Foreign Affairs Secretary Teodoro Locsin Jr. and Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh conclude with a handshake the 9th Meeting of the Philippines-Viet Nam Joint Commission for Bilateral Cooperation (JCBC) in Manila. (Photo courtesy of DFA/ Clark Galang)
— Northbound Asia

Vietnam Airlines launches “Hello Summer” promotion
National flag carrier Vietnam Airlines will launch its biggest annual promotion “Hello Summer 2019” on 90 domestic and foreign routes from March 15-24.

There really is no substitute for experience
On busy Orchard Road in Singapore is a very famous hotpot restaurant where customers have to wait an hour or two to be served even if they had booked a table a day ago.
— Bizhub

Samsung helps train Vietnamese support industry experts
Samsung in collaboration with the Ministry of Industry and Trade of Vietnam officially launched its first course in the Republic of Korea on March 4 for Vietnam’s support industry experts.

National flag carrier promotes Vietnam on int’l TV channels
The national flag carrier Vietnam Airlines has made a short film on Vietnam, which was broadcast on BBC and CNN television channels.

Petrol and oil firms need more professional IR to attract investors
Petrol and oil firms should focus more on investor relation (IR) activities to improve transparency, achieve fair-valuation securities and boost corporate governance. That was the message heard at a conference held by the Vi?t Nam Oil and Gas Group (PVN) in Hà N?i on Tuesday.
— Viet Nam News

Vietnam’s PMI declined to 51.2 in February
Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) in February fell for the third month in a row to 51.2, according to the latest reports from Nikkei and IHS Markit.

Cashew price to recover this year
Cashew prices are expected to recover this year on the global market and producers should promote cooperation to remain stable.
— Viet Nam News

Vietnam attends int’l food, beverage exhibition in Japan
As many as 20 Vietnamese firms are attending the International Food and Beverage Exhibition (FOODEX 2019) that opened in the Japanese prefecture of Chiba on March 5.

Appeal trial on trillion-VND online gambling case opens in Phu Tho
The Hanoi High-Level People’s Court opened an appeal trial on an online gambling case involving former senior police officers and trillions of dong in the northern province of Phu Tho on March 5.

MHG Signs Three More Avani Hotels in Vietnam
Minor Hotels Group has strengthened its relationship with the Vietnam-based Novaland Group, with the signing of three new Avani hotels in Ho Chi Minh (Saigon), Vung Tau, and Cam Ranh.
— Asia Travel Tips

New rule leads to drop in land-plot transactions in HCM City
Owners of land plots who want to divide them for eventual sale have been waiting for months to hear from officials since a new regulation on land division took effect a year ago in HCM City.
— Viet Nam News

Quang Tri licences six renewable energy projects in two months
The central province of Quang Tri has approved investment plans for four wind and two solar power projects, whose costs amount to more than 7.4 trillion VND (319.1 million USD).

GoBear Vietnam inks deal with FE Credit
GoBear, Asia’s first and only metasearch engine for insurance and banking products, and FE Credit, the largest lender in Vietnam’s consumer finance market, have signed a deal to drive greater financial inclusion for Vietnamese people.

Retail sales, service revenues increase in 2 months
The country’s total retail sales and services revenue rose 12.2 per cent year-on-year to VNÐ793.8 trillion (US$35.2 billion) in the first two months of this year.
— Viet Nam News

Nearly 5,000 flights delayed, cancelled in two months
Five domestic airlines reported nearly 5,000 delayed or cancelled flights, accounting for 17 percent of the total operated flights, in the first two months of the year.

Vietnam int’l furniture, home accessories fair opens
The Vietnam International Furniture and Home Accessories Fair 2019 (VIFA-EXPO) kicked off in Ho Chi Minh City on March 6.

Five from Viet Nam included in Forbes billionaires list
Vi?t Nam has five billionaires with total assets of US$13.6 billion on the recently released Forbes 2019 World Billionaires list, including two newcomers.
— Viet Nam News

Vessels of Japan Maritime Self-Defence Force visit Da Nang
Two training vessels of the Japan Maritime Self-Defence Force (JMSDF) arrived at Tien Sa port on March 6, beginning a visit to the central city of Da Nang.


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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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