Vietnam morning news for May 13

Vietnam morning news for May 13

Vietnam morning newsCash usage in Vietnam remains highest in ASEAN
Vietnam posted the highest rate of cash on delivery for internet purchase at 90.17%, significantly higher than the second ranked Indonesia of 65.30%.
— The Hanoitimes

Doesn’t Trust Huawei, Vietnam’s largest telco decided to opt out of its technology
On April 25th 2019, Vietnam joined the 5G club as its first base stations buzzed to life on top of the offices of the nation’s largest telecommunications firm. With reported speeds between 600 and 700 megabits per second, the experiment in fifth-generation network technology was on par with the United States’ and South Korea’s April rollouts, when telecom firms introduced 5G on a limited basis.
— Vietnam Insider

Hanoi approves $77 million underground parking lot
A $77-million underground parking lot is expected to be built under Thu Le Park in the west of Hanoi by the end of 2020.
–VnExpress

Bamboo Airways launches new air routes connecting Hai Phong
Bamboo Airways on May 10 officially opened commercial air routes from the northern port city of Hai Phong to the central coastal city of Quy Nhon, the southern economic hub of Ho Chi Minh City, and the Mekong Delta city of Can Tho.
— Viet Nam News

Hanoi plans to wean off motorbikes by 2030: Mayor
Chairman Chung stressed that the city’s authority is determined to speed up the roadmap to ban motorbikes if public transport meets commuters` demand.
— The Hanoitimes

Seafood, textile stocks soar thanks to good business performance
Positive business results together with the expectation of benefiting from free trade agreements helped seafood and textile stocks shoot up in the past year.
— Bizhub

Vietnam to stop tax evasion by foreign digital advertisers
It`s unfair that foreign giants firms earning a huge amount of money from advertising without paying taxes.
— The Hanoitimes

Vietnam Jails 2 Activists for ‘Spreading Propaganda’ on Facebook
A Vietnamese court has jailed two activists on charges of publishing damaging anti-state propaganda about the communist-run country, state media reported Saturday, the latest convictions under a hardline leadership intolerant of dissent.
— VOA

Hear how Vietnam troops were brought home
The Military Heritage Museum in Punta Gorda will host a luncheon at 11 a.m. Wednesday with Rear Admiral Larry Chambers, former commander of the U.S.S. Midway aircraft carrier. The Midway was the ship that went into Vietnam to retrieve our military troops and bring them home at the conclusion of the Vietnam War.
— YourSun

More than half of 539 sunk fishing ships come from Vietnam
In the period from 2014 to 2019, the Indonesian government sunk 539 foreign fishing ships operating illegally in Indonesian waters, 55 percent of which came from Vietnam, an official from the Maritime Affairs and Fisheries Ministry has said.
— The Jakarta Post

15 foreign students, 2 Vietnamese injured in central Vietnam traffic mishap
Seventeen people were injured as a bus crashed into a cliff in Thua Thien-Hue Province Saturday afternoon.
— VnExpress

Myanmar president visits Vietnam
Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan (R) shakes hands with visiting Myanmar President U Win Myint in Hanoi, capital of Vietnam, May 11, 2019. Myanmar President U Win Myint is in Hanoi for a working visit to Vietnam and the 16th United Nations Day of Vesak Celebration.
— Xinhua

Vietnam, Nepal look to improve trade and investment ties
Vietnam and Nepal have great potential in strengthening trade and investment activities in the future, Vietnam’s Minister of Industry and Trade Tran Tuan Anh said at the Vietnam-Nepal Business Forum in Hanoi on Friday.
— Borneo Bulletin

Japan, Vietnam Teaming up to Resist China Expansion
Japan is helping Vietnam build a defense against the larger, more militarily powerful China as Vietnam says Beijing’s forces are occupying more than their legal share of the South China Sea.
— VOA

Property market must shift towards low-cost housing: Construction Ministry
The Ministry of Construction has proposed reforming administrative procedures to create favourable conditions for the development of low-cost, compact social and commercial housing.
— Bizhub

Experts uneasy about heightened investment interest from China
Vietnam should be wary of adverse environmental and social impacts as China moves out its polluting, labor-intensive factories, experts caution.
–VnExpress

Vietnam is fastest growing market for m-payments
Vietnam has seen the highest growth in mobile payments in the past year, according to the Global Consumer Insights Survey 2019 conducted by PwC.
— Retail News

Investment cost, toll collection time for Bach Dang bridge project slashed
The State Audit Office of Vietnam (SAV) proposed a reduction of 193 billion VND (8.2 million USD) to the investment cost of Bach Dang bridge, a BOT project in northern Quang Ninh province, as well as a cut to the project’s toll collection time, which is currently set at 20 years, to 17 years and eight months.
— VietnamPlus

Vietnam opens its mind for fintech and ride-sharing service
“The Vietnamese government is ready to experience new things such as fintech, high-tech taxis and even looking forward to the Sandbox framework.”
— The Hanoitimes

VN real estate market likely to stay stagnant this year
The Vietnamese real estate market will likely remain stagnant this year, unlike in 2017 when price increases were rampant in popular spots around the country, predicted deputy head of the Department of Housing and Real Estate Management Nguyen Manh Khoi.
— Bizhub

Vietnam c.bank tightens credit growth of consumer finance companies
After several years of high credit growth, domestic credit of the private sector has risen to 130% of GDP from just 20% some 20 years ago.
— The Hanoitimes

Save the Red-shanked Doucs of Son Tra in Vietnam
Since November 2017 I often come to visit Son Tra Nature Reserve in Da Nang. There, in the forest’s green lungs, I made friends with the red-shanked doucs, one among 287 species of fauna at Son Tra.
— The Nation

Thai activists accused of insulting monarchy ‘disappear’ in Vietnam
Three Thai activists facing charges of insulting the monarchy have disappeared after reportedly being arrested in Vietnam, months after two exiled critics of the military and monarchy died.
— The Guardian

Vietnamese stock market needs product impetus, say experts
Foreign investors found difficult to invest in Vietnamese stock market due to insufficient securities products, a senior official from Vietnam-focused financial institution with long-standing investment experience in Vietnam Dragon Capital has said.
— Vietnam Insider

Vietnam urges Denmark, Bulgaria to support EVFTA ratification
Vietnam gives priority to the comprehensive partnership with Denmark and the all-round cooperation with Bulgaria.
— The Hanoitimes

Viettel, Ericsson make first 5G call in Vietnam
Telecom giant Viettel and Sweden’s Ericsson Group yesterday successfully conducted the first call using fifth generation (5G) technology in Vietnam.
— Eleven Myanmar

U.S. Treasury to Name-Shame Vietnam for Manipulating Its Dong
Vietnam is going to be labeled that – by whom? The U.S. federal government and socialist financial system? They’re the biggest currency manipulators of all.
— CCN

India, Vietnam to strengthen cooperation in atomic energy, defence and security
Vice-President Venkaiah Naidu and Vietnam Prime Minister Phuc express commitment to enhance trade and investments; agrees to facilitate direct air connectivity to promote tourism, trade and relations.
— The Hindu

Week on identifying Vietnamese goods launched in HCM City
An annual programme entitled “Vietnamese Goods Identification – Proud of Vietnamese Goods” was launched by the Ministry of Industry and Trade in Ho Chi Minh City on May 11 in a bid to boost the consumption of Vietnamese goods.
— Nhan Dan Online

Work starts on Japanese-invested apartment buildings in Hai Phong
The People’s Committee of Hai Phong and Japanese Minato Vietnam held a groundbreaking ceremony for a complex of two apartment and commercial buildings along the Lach Tray River, Le Chan district, in Hai Phong city, on May 11.
— Nhan Dan Online

Vietnam, EU work to enhance comprehensive partnership and cooperation
The first meeting of the European Union-Vietnam Joint Committee for the implementation of the EU-Vietnam Framework Agreement on Comprehensive Partnership and Cooperation (PCA) took place in Hanoi on May 10.
— Nhan Dan Online

Vietnam, Myanmar to boost cooperation in various fields
Vietnam and Myanmar have agreed on Saturday to expand cooperation to potential spheres, including navy, military medicine, defense industry, logistics, search and rescue, and fighting crimes related to national and regional security.
— Menafn

UN Day of Vesak opens in Vietnam
The United Nations (UN) Day of Vesak kicked off on Sunday in Vietnam’s northern Ha Nam province, with the participation of more than 1,650 international delegates from over 100 countries and regions.
— Xinhua

 

Feature photo Youthucancook

This week’s Vietnam morning news photo features World Telecommunication and Information Society Day , May 17. 

 

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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