Vietnam morning news for May 24

Vietnam morning news for May 24

Vietnam morning newsVietnam’s HCM City aims to have no poor households by late 2020
Vietnam’s Ho Chi Minh City has set a target of having no poor households and an annual average income of at least 28 million Vietnamese dongs (1,200 U.S. dollars) per capita by the end of next year, local media reported Thursday.
— Xinhua

Petrolimex plans convenience stores at gas stations
The Việt Nam National Petroleum Group (Petrolimex) is planning to open convenience stores at its gas stations, most of which have favourable locations across the country.
— Viet Nam News

Traditional groceries upgrade to exist in 4.0 era
The hot development of modern retail channels are threatening variety stores and traditional markets.
— Vietnam Insider

E-commerce: profitable platform for Vietnamese exports
Vietnamese businesses should take advantage of e-commerce to export to global markets, experts said at a conference on ecommerce and international exports via Alibaba.com held in HCM City on Wednesday.
— Viet Nam News

Why Western retailers say goodbye to Vietnam?
The Vietnamese retail market would hardly attract more European retail groups in the mass segment due to the harsh competition.
— The Hanoitimes

Vietnam, Laos share experience in mass mobilisation work
The Commission for Mass Mobilisation of the Communist Party of Vietnam (CPV) Central Committee and the Lao Front for National Construction (LFNC) Central Committee worked out directions for bilateral cooperation in the time ahead at their talks in Vientiane on May 22.
— NDO

China scraps tariffs on 33 Vietnamese seafood items
China has lifted import tariffs on 33 seafood products from Vietnam, including many of the latter’s strongest export items.
— VnExpress

State audit finds ODA projects riddled with inefficiencies
Many ODA projects required millions of dollars in additional capital, were bound by disadvantageous provisions, made excessive payments to foreign contractors.
— VnExpress

France to support Hanoi in garbage treatment and water supply
Hanoi aims to supply its citizens with 100% of clean water by 2020, said a local official.
— The Hanoitimes

Vietnam advances $97 million to cover state-owned paper mill’s debt
The government has advanced about $97 million to a state-owned company to cover debts related to a failed paper project.
— VnExpress

Big players heat up Vietnam’s pharmaceutical industry
The local demand for pharmaceutical products has rapidly expanded as a consequence of high economic growth, rising per capita income, and an increasingly large population, which has made it more attractive to potential investors.
— The Hanoitimes

CMSC to receive 109 million USD dividend from Petrolimex
The Committee for Management of State Capital at Enterprises (CMSC) will receive a cash dividend of more than 2.55 trillion VND (109 million USD) from the Vietnam National Petroleum Group (Petrolimex) for its performance in 2018.
— VietnamPlus

An Giang International Trade Fair boosts border trade
Tinh Bien – An Giang International Trade Fair 2019 was opened in Tinh Bien district, in the southern province of An Giang, on May 22 by the People’s Committee of Tinh Bien district and An Giang Trade and Investment Promotion Centre.
— NDO

Vietnam Airlines opens Hà Nội-Đong Hới route
Vietnam Airlines will open a direct route between Hà Nội’s Nội Bài International Airport and Đong Hới Airport in the central province of Quảng Bình on June 1.
— Viet Nam News

Nearly 1,000 tonnes of fish reported dead in Đ�”ng Nai River
The fish, including hemibagrus, red tilapia and carp, were mature and ready to be sold
— Viet Nam Net

TPBank to buy back 24 million treasury shares
Tiên Phong Joint Stock Commercial Bank (TPBank) has announced it will buy back 24 million treasury shares.
— Viet Nam News

Concern of foreign direct investment in Vietnam has been raised
The ongoing trade war between U.S – China, the world’s two largest economies have also prompted Chinese investors to look to Southeast Asia, especially Vietnam, complicating its FDI scenario and threatening to impact its businesses.
— Vietnam Insider

Top Thai goods on show in Hà Nội
Nearly 130 leading firms from Thailand are advertising their products and services to local customers at the Top Thai Brands 2019, which began in the capital on Thursday.
— Viet Nam News

Vietnamese ex-procuracy official indicted for molesting under 16-yo girl
A former Vietnamese procuracy official has been prosecuted for molesting an under 16-year-old girl, after CCTV footage captured him groping the child inside an elevator in a Ho Chi Minh City apartment complex in early April.
— Vietnam Insider

Việt Nam’s digital printing plates subject to India’s anti-dumping probe
Việt Nam is among several countries and territories affected by India’s new anti-dumping probe against digital printing plates, the Vietnamese Ministry of Industry and Trade (MoIT) has said.
— Viet Nam News

Sơn La Plum promotion week launched in Hà Nội
A week for the promotion of plums and other agricultural products from the northern mountainous province of Sơn La kicked off in Hà Nội’s Exhibition Fair, Economic Transaction and Commercial Area on Wednesday.
— Viet Nam News

Vietnam set to build nuclear research centre
Russia, Vietnam have signed memorandum on construction of nuclear research center. The agreement with Vietnam on construction of a nuclear research and technology center in the country was signed in 2011.
— Vietnam Insider

Programme on sustainable enterprises kicks off
A programme that evaluates and identifies sustainable enterprises in Việt Nam 2019 was launched on Tuesday in Hà Nội by the Việt Nam Chamber of Commerce and Industry (VCCI) and Việt Nam Business Council for Sustainable Development (VBCSD).
— Viet Nam News

Int’l automobile exhibition attracts big brands
Many famous brands will present their products and technology at the 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) from June 12-15 in Hà Nội.
— Viet Nam News

Hanoi to host 16th Vietnam AutoExpo in June
The International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) will return Hanoi for its 16th edition, from June 12 to 15, at the Vietnam National Convention Centre.
— NDO

Improving production capacity needed for boosting wood product exports: experts
Raking in export value worth US$2.3 billion, wood and wooden products became the highest increase among the groups of Vietnamese products with export value of over US$1 billion in the first quarter this year. This is a good start, however, the wood industry is still facing difficulties, requiring more efforts to achieve the export target set for 2019.
— NDO

VN, Malaysia check out trade, investment prospects
Trade between Việt Nam and Malaysia has increased dramatically in recent years but they still have great untapped potential, a seminar heard in HCM City on Wednesday (May 22).
— Viet Nam News

Việt Nam to become Asia’s next high-performing economy
Việt Nam should take advantage of the next wave of digital technologies such as blockchain, Artificial Intelligence, Internet of Things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts urged at a meeting held on .
— Viet Nam News

Macau’s Suncity to open US$4-billion casino in Vietnam by year-end
About 70% of the initial revenue is expected to come from VIP gamblers, but Suncity is confident Vietnam’s economy is strong enough to bring in more mass gamblers.
— The Hanoitimes

VN, Malaysia check out trade, investment prospects
Trade between Việt Nam and Malaysia has increased dramatically in recent years but they still have great untapped potential, a seminar heard in HCM City on Wednesday (May 22).
— Viet Nam News

Việt Nam to become Asia’s next high-performing economy
Việt Nam should take advantage of the next wave of digital technologies such as blockchain, Artificial Intelligence, Internet of Things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts urged at a meeting held on .
— Viet Nam News

Low risk that Vietnam will be labelled as “currency manipulator”: Maybank Kim Eng
The semi-annual US Treasury report is expected to be released this month and Vietnam is at a low risk of being labelled as a ‘currency manipulator’ in the report, said Maybank Kim Eng Securities.
— Business Times

Lawmakers want fewer incentives to foreign investors
Some lawmakers have called for reducing incentives to foreign investors, citing they could undermine the competive edge of domestic businesses.
— VnExpress

Novatek signs for LNG project in Vietnam
Russian gas giant Novatek announced Wednesday an agreement with the Vietnamese government to develop an integrated energy project employing liquefied natural gas, Kallanish Energy reports.
— Kallanishenergy

Coach crash kills 2, injures 17 in Vietnam
A coach overturned in Vietnam’s southern Dong Nai province, killing two passengers and injuring 17 others, Vietnam News Agency reported on Thursday.
— China.org

EID ESCAPES 2019: HO CHI MINH CITY, VIETNAM
Ho Chi Minh City, formerly (yet still affectionately) known as Saigon, blends traditional values with northern and western cultural features.
— Ahlanlive

Việt Nam has perfect environment for cashless payment to develop: executives
Along with the development of modern technology and retail sector, cashless payment is widely used in the country with the participations of many players from different sectors including banks, retail companies and cashless payment method providers. Việt Nam News reporter Thu Ngân talks with …
— Viet Nam News

Travel accommodation Luxstay secures funding from GS Shop & Bon Angels
Vietnamese startup Luxstay completed a bridge round of funding, with two Korean investors pitching in Luxstay, Vietnam-based startup that focusses on premium travel accommodations, has just completed their bridge round of funding with the participation of two new investors from Korea: GS Home …
— e27

Climate change adaption set as IFAD’s priority in its next decade to Việt Nam
Private investment mobilisation to rural areas, micro finance for women and smart climate change adaption are three top priorities of the International Fund for Agricultural Development (IFAD) in its coming years in Việt Nam, IFAD Associate Vice President Donal Brown said Wednesday.
— Viet Nam Net

Việt Nam has perfect environment for cashless payment to develop: executives
Along with the development of modern technology and retail sector, cashless payment is widely used in the country with the participations of many players from different sectors including banks, retail companies and cashless payment method providers. Việt Nam News reporter Thu Ngân talks with .
— Viet Nam News

Travel accommodation Luxstay secures funding from GS Shop & Bon Angels
Vietnamese startup Luxstay completed a bridge round of funding, with two Korean investors pitching in Luxstay, Vietnam-based startup that focusses on premium travel accommodations, has just completed their bridge round of funding with the participation of two new investors from Korea: GS Home.
— e27

Climate change adaption set as IFAD’s priority in its next decade to Việt Nam
Private investment mobilisation to rural areas, micro finance for women and smart climate change adaption are three top priorities of the International Fund for Agricultural Development (IFAD) in its coming years in Việt Nam, IFAD Associate Vice President Donal Brown said Wednesday.
— Viet Nam Net

 

Feature photo Daderot

This week’s Vietnam morning news photo features International Day for Biological Diversity, May 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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