Vietnam morning news for May 15

Vietnam morning news for May 15

Vietnam morning news

HCM City: 46.8 percent of FDI goes to property sector
Real estate was the most attractive sector for foreign direct investment (FDI) in Ho Chi Minh City in the first four months of the year with 164.58 million USD, or 46.8 percent of total FDI.
— VietnamPlus

Smarter tax policies needed for the development of Vietnamese tech companies
Technology enterprises are the core group than can help boost Vietnam`s economy rapidly as it grows 2.5 times faster than GDP.
— The Hanoitimes

Vietnam jails two women for anti-govt activities
A court in southern Vietnam has handed two female activists long prison terms for spreading online material against the communist government.
— UCA News

ADB receives US$20 million from We-Fi to support Vietnam’s women-led SMEs
In Vietnam, the gender financing gap is estimated by the International Finance Corporation to be at US$1.19 billion.
— The Hanoitimes

Việt Nam’s road sector forecast to grow 7.2% in 2019
The expansion of Việt Nam’s road network would continue in the next decade in order to support growing freight transport volumes due a projected increase in economic activity, Fitch Group’s Fitch Solutions Macro Research forecast in a report released on Tuesday.
— Viet Nam News

Việt Nam and US promote trade, leading up to 25th anniversary of diplomatic relations
Việt Nam and the US agreed to further strengthen financial-monetary cooperation, economy, trade and investment ties to promote the bilateral relations between the two countries, leading up to the 25th anniversary of the establishment of Việt Nam-US diplomatic relations in 2020.
— Viet Nam News

Transaction limits for e-wallets should be appropriate: experts
Under a draft circular about intermediary payment services the State Bank of Việt Nam recently made public, e-wallett daily transaction limits were set at VNĐ20 million (US$850) for individuals and VNĐ100 million for organisations
— Viet Nam News

Vietnam-based Ho Chi Minh Securities Corporation joins Global Alliance Partners
Ho Chi Minh Securities Corporation (HSC), one of the top three securities firms and investment banks in Vietnam, has joined Global Alliance Partners (GAP) and will be officially welcomed at GAP’s Investment Conference to be held in Bangkok, Thailand on 30 May 2019.
— Yahoo News

Insurance market keeps thriving in first months of 2019
Việt Nam’s insurance industry maintained positive growth in the first four months of this year, with total premiums surging by 17 per cent year-on-year to VNĐ44.3 trillion (US$1.9 billion), the Ministry of Finance reported.
— Viet Nam News

Viettel completes Vietnam’s first 5G call
Vietnamese military-run operator Viettel has completed the nation’s first first 5G call in collaboration with Ericsson.
— TelecomAsia

New financing to enhance support for women-led SMEs
The Asian Development Bank (ADB) has received US$20.2 million from the Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Việt Nam and the Pacific.
— Viet Nam News

Viettel wins $27 million contract in Peru
Bitel, a brand of Viettel Peru has won a US$27 million contract to provide information and technology infrastructure for 1,837 schools in Peru.
— Viet Nam News

Regional cooperation needed to protect precious marine environment
Regional cooperation will be essential in preserving the marine environment and ensuring sustainable fisheries management and food security in the ASEAN region, speakers said on Monday at an international workshop held in the central province of Khánh Hòa.
— Viet Nam Net

Customs reforms must prevent fraud and help trade: Deputy PM
Reforms to customs checks and procedures must facilitate trade and prevent fraud at the same time, Deputy Prime Minister Vương Đình Huệ said, urging for enhanced supervision to ensure the quality of the process.
— Viet Nam News

Cần Thơ calls for Canadian investment in high-tech agriculture
The Mekong Delta city of Cần Thơ expects to receive Canadian investment in high-tech agriculture so that local staples can meet stringent requirements in some foreign markets.
— Viet Nam News

Lagging behind remains threat for Vietnam’s economy: PM
Creativity, green and inclusive growth, as well as sustainable development, are the right direction for Vietnam to go forward.
— The Hanoitimes

Vietnam struggling to decide how to treat solid waste
The treatment of solid wastes in the country has come under scrutiny, with authorities struggling to identify optimal methods.
— VnExpress

South Korea banks on Vietnam ‘blood alliance’ after China chill
Northeast and Southeast Asian partners prioritize economic ties over frictions.
— Nikkei Asian Review (paywall)

Indonesia–Vietnam maritime clash a sign of rising Indo-Pacific tensions
A ramming incident on 27 April involving a Vietnamese fisheries surveillance vessel and an Indonesian naval vessel near Indonesia’s Natuna Islands highlights the risks of escalation in competition over fisheries in the South China Sea.
— Aspistrategist

Qatar seeks build on bilateral agreements to promote trade co-operation with Việt Nam, Minister says
The Government of Qatar is implementing many strategies to establish new trade routes with foreign countries, including Việt Nam, to push up its development in every aspect. Qatar Minister of Commerce and Industry Ali bin Ahmed Al Kuwari speaks with Việt Nam News reporter Thu Giang about his …
— Viet Nam News

China tightens import standards for Vietnamese fruits
China now requires Vietnam to provide stamps of origin, area code and phytosanitary certificates for fruits that it exports.
— VnExpress

Nha Trang releases breeders to protect marine ecosystem
More than 500,000 marine breeders were released in Nha Trang Bay on Sunday by the People’s Committee of Nha Trang in Khánh Hoà Province.
— Viet Nam Net

Việt Nam, China have room to grow trade ties: experts
Vietnamese and Chinese enterprises are encouraged to tap into the great bilateral trade potential driven by the two countries’ open trade policies, experts said.
— Viet Nam News

Vinamilk Reappoints OMD Vietnam and Expands Remit
Vinamilk, Vietnam’s biggest dairy company, has reappointed OMD as its media buying partner for three categories. The decision sees the extension of the partnership that started in 2016 and “has already yielded significant business performance, leading the company to increase its media budget with OMD by 500% for 2019,” said OMD.
— Branding in Asia

City to stabilise market prices following hikes in gasoline and electricity prices
HCM City’s Department of Industry and Trade has pledged to help businesses stabilise market prices following hikes in gasoline and electricity prices.
— Viet Nam News

Dusit inks deal with Vietnam developer for hotel near Hoi An
Dusit International, one of Thailand’s leading hotel and property development companies, has signed a hotel management agreement with Vietnam-based property developer Hoi An Royal Group to operate Dusit Thani Hoi An, the first Dusit Thani branded hotel in Vietnam.
— The Nation

Transaction limits for e-wallets should be appropriate: experts
Under a draft circular about intermediary payment services the State Bank of Việt Nam recently made public, e-wallett daily transaction limits were set at VNĐ20 million (US$850) for individuals and VNĐ100 million for organisations
— Viet Nam News

Suncity listco unit to manage Hoiana casino in Vietnam
Suncity Group Holdings Ltd, a Hong Kong-listed vehicle controlled by Macau casino junket investor Alvin Chau Cheok Wa, has been given the exclusive right to manage the casino and food and drink operations of Hoiana, a new Vietnam casino resort in which it has an equity interest.
— GGR Asia

Tea industry needs to focus on quality
Việt Nam’s tea industry needs to focus on enhancing quality, diversifying product offerings and building brands to develop in a sustainable way, according to the Ministry of Agriculture and Rural Development.
— Viet Nam News

VietBuild exhibition comes to Đà Nẵng
More than 1,000 pavilions of 300 businesses from the US, Germany, Italy, Spain, Portugal, Japan, China, India, Malaysia, Taiwan, Korea and Việt Nam will display their products at the International Vietbuild Exhibition on May 15-19.
— Viet Nam News

Vietnamese banks see improved capital adequacy ratios
The capital adequacy ratio (CAR) of Việt Nam’s credit institutions has improved thanks to their increased equity.
— Viet Nam News

Customs reforms must prevent fraud and help trade: Deputy PM
Reforms to customs checks and procedures must facilitate trade and prevent fraud at the same time, Deputy Prime Minister Vương Đình Huệ said, urging for enhanced supervision to ensure the quality of the process.
— Viet Nam News

Auto prices fall due to low demand
Vietnamese auto firms have launched promotions to spur demand after sales dropped following the Tết (Lunar New Year) holiday and as the number of imported cars has increased strongly.
— Viet Nam News

Two Vietnam waterfalls among world’s most beautiful
Microsoft network MSN has included two waterfalls in Vietnam in its list of 15 most charming cascades in the world.
— VnExpress

Shell expands bitumen market to Vietnam
Publicly-listed Pilipinas Shell Petroleum Corporation has expanded its bitumen market to Vietnam, enabling it to fetch additional revenues from export of such commodity that started in the last quarter of last year, according to a high-ranking company executive.
— MB

Seafood processor Hùng Vương continues to sell assets amid debt burden
Hùng Vương has started to sell its assets since 2017 as part of debt payment rescheduling with creditor banks
— Viet Nam News

Leong Hup Q1 profits leapt 48pc to RM90m on higher chicken and egg sales
Leong Hup International Bhd’s first quarter profits ended March 2019 leapt 48 per cent to RM90.28 million from RM61.02 million posted a year ago, thanks to higher chicken, egg and feedmill sales.
— New Straits Times

Hotels, restaurants found discharging hazardous wastewater
Đà Nẵng City’s Department of Natural Resources and Environment has asked the city’s authority to hand out fines to 13 hotels and restaurants for discharging hazardous wastewater into the sea.
— Viet Nam Net

Lộc Trời Group and Tấn Vương Food JSC to export 84,000 tonnes of rice to China
Lộc Trời Group and Tấn Vương Food Joint Stock Company will export 84,000 tonnes of rice per year to China.
— Viet Nam News

Regional cooperation needed to protect precious marine environment
Regional cooperation will be essential in preserving the marine environment and ensuring sustainable fisheries management and food security in the ASEAN region, speakers said on Monday at an international workshop held in the central province of Khánh Hòa.
— Viet Nam Net

Hà Nội Stock Exchange delists companies
The Hà Nội Stock Exchange (HNX) has issued a decision to cancel the listing of a number of companies in May and June.
— Viet Nam News

Jaks Resources plans to buy solar power project in Vietnam
Jaks Resources Bhd proposes to acquire the Lig-Quang Tri solarpower project in Vietnam from LICOGI 13.The group told Bursa Malaysia that it had entered into a memorandum of understanding (MoU) with LICOGI 13, a joint stock company incorporated in Vietnam for the purchase.
— The Sun Daily

Ninh Thuận livestock farmers struggle to feed animals due to drought
Farmers in Ninh Thuận Province, which has the largest number of cattle and sheep and goats in the country, are struggling to find natural food for their animals since prolonged hot weather has parched their pastures.
— Viet Nam Net

 

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.

 

The following two tabs change content below.

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

Latest posts by Sreypov Men (see all)

Support independent media by sharing

Leave a Reply

Your email address will not be published.