Vietnam morning news for May 27

Vietnam morning news for May 27

Vietnam morning newsCoal reigns in Vietnam’s booming energy sector but interest growing in renewables
Vietnam has become a hot spot for energy investors eyeing a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green.
— The Japan News

$493 million takes the wrong road to Vietnam expressway builder
The state auditing agency has called for the retrieval of $493 million wrongly allocated to the Vietnam Expressway Corporation.
— VnExpress

Vietnam Culls 1.7 Million Pigs as Virus Spreads to New Areas
Vietnam culled more than 1.7 million pigs as African swine fever spread across the country, with officials warning the disease may penetrate sizable commercial farms next.
— Bloomberg

Tax rates on alcoholic beverages in Vietnam too low: WHO
In 2016, the average consumption of beer and liquor in Vietnam was 8.3 liters, much higher than the global average (about 6.5 liters in 2017) and the trend increasingly hiked, up by 90% over the past seven years and much higher than the global average, at 10%.
— The Hanoitimes

Da Nang has been named as one of the best places to go in 2019
The central city of Da Nang has been named by The New York Times as on the best 52 places to go in 2019.
— Vietnam Insider

Vietnam’s electricity sector projected to be bigger than Britain’s by mid-2020s
With a population nudging 100 million and annual GDP growth around 7%, Vietnam has forecast power generation will need to rise from about 47,000 megawatts (MW) currently to 60,000 MW by 2020 and 129,500 MW by 2030.
— The Hanoitimes

VN represents ASEAN in committing to protecting civilians in armed conflicts
Ambassador Đặng Đình Quý, head of the Việt Nam permanent mission to the United Nations, reiterated the commitment made by ASEAN countries to protect civilians during armed conflicts during a speech on behalf of the bloc at the UN Security Council in New York on Thursday.
— Eleven Myanmar

Deputy PM urges reforms of entire accountancy and audit sector
Deputy Prime Minister Vuong Dinh Hue said that the accounting and auditing sector should reform its institution, legal regulations, accounting and auditing process and prepare new human resources for the future.

Foreign investors race for Vietnam’s smart city solutions providers
Digital infrastructure, IoT, cyber security, and education for talents are among the most attractive targets to foreign investors interested in smart city development.
— The Hanoitimes

Vietnam adds one more five-in-one vaccine into expanded immunization program
The Vietnamese Ministry of Health yesterday started to inject combined DTP-HBV-HIB vaccine in the national expanded immunization program in the northern province of Ha Nam, Hung Yen, Nam Dinh and the Mekong delta province of Ben Tre.
— Sggp News

High demand for skilled workers
Trương Anh Dũng, Deputy Director General of the General Department of Vocational Training, under the Ministry of Labour, War Invalids and Social Affairs, talks to Kinh tế & Đô thị (Economic and Urban Affairs) newspaper on the high demand for skilled workers
— Viet Nam News

Timber mischief in Vietnam
In the Southeast Asian region, loss of area under natural forests is largely driven by natural resources extraction and demand for more land for production of food and other commodities. Earlier in 2018, progress tracking of the 2030 Agenda for Sustainable Development goals for Southeast Asia revealed disappointing outcomes for Sustainable Development Goal (SDG) 15. SDG 15 measures forests and forested land protection, restoration and sustainable use.
— The Asean Post

Ha Long Bay one of world’s most photographed cruise destinations
British magazine Woman and Home labeled Ha Long Bay one of the most mentioned global cruise destinations on Instagram.
— VnExpress

Story of Sriracha: How hot sauce launched by refugee from Vietnam spawned a food empire
When Sriracha fanatic Griffin Hammond first visited the Huy Fong Foods factory, where his beloved hot sauce is made, it took his breath away – literally.
— Asia One

Vietnames retailers expanding faster than foreign peers
Local retail firms are expanding quickly while foreign counterparts stagnate or quit due to fierce competition.
— VnExpress

Black Travel Vibes: Explore the Ancient Wonders of Vietnam
Everyone knows that South East Asia is a traveler’s dream. Not only does the region boast amazing sites and adventures, but it is also affordable. Typically, globetrotters flock to countries like Thailand and Cambodia on their SEAsian journeys, but these days Vietnam has started to truly grab the world’s attention.
— essence

Ninh Binh: A place for all seasons in Vietnam
Some say it might lose its charm if more people head there in the quieter months. Business owners would certainly welcome more guests all year round but what do you think?
— The Daily Star

January-May foreign investment pledges hit four-year record
Foreign direct investment (FDI) pledges to Vietnam in the first five months of 2019 reached US$16.74 billion, the highest figure in the last four years, according to the Foreign Investment Agency (FIA).

Vietnam to manage coffee quality through new database
A database of coffee areas would be used as a digital tool to assist partners in managing coffee plantations and quality in Vietnam, participants heard at a workshop held by the Ministry of Agriculture and Rural Development (MARD) and Global Coffee Platform (GCP) in Hanoi on May 23.

Vietnam’s love affair with centuries-old bridges
These five bridges have stood the test of time and witnessed the changes to a country that rose up from bombs and bullets.
— VnExpress

VinMart 4.0 the first virtual store in Vietnam
Virtual store presents images of more than 100 products on large-format posters, which can then be purchased online.
— Vietnam Insider

Farmers riled as Vietnam commune bans slaughter, sale of pigs
Farmers in a central Vietnam commune are unhappy with local authorities’ uncalled for response to African swine fever.
— VnExpress

GS E&C opens Vam Cong Bridge in Vietnam
South Korean builder GS Engineering & Construction said Sunday it has completed the construction of Vam Cong Bridge in southern Vietnam.
— Korea Herald

Further deepening Vietnam – Sweden traditional friendship
At the invitation of Swedish Stefan Löfven, Prime Minister Nguyen Xuan Phuc and his spouse, are leading a high-ranking delegation of Vietnam on an official visit to Sweden from May 26-28.

E-sports are a rising star of entertainment industry
With the number of players forecast to reach 26 million in 2019, electronic sports (e-sports) are a rising star of the Vietnamese and global entertainment industry.
— Vietnam Insider

Industry hoped to help Vietnam overcome middle-income trap
Policies to develop the industrial sector will be the key to keeping Vietnam’s out of the middle income trap, experts said at a workshop in Hanoi on May 23.
— VietnamPlus

The Steps Challenge raises funds for autism community
Nearly 1,500 people on May 25 joined The Steps Challenge 2019 hosted by Saigon Children’s Charity (Saigonchildren), in partnership with CapitaLand Vietnam, to raise funds for people with autism.
— Viet Nam News

US is refraining from labelling Vietnam a currency manipulator
The US is refraining from labelling Vietnam a currency manipulator based on new data the country provided the Treasury Department, according to a person familiar with the matter.
— Menafn

Visit Vietnam for floating supermarkets and delicious cheap food along with other “delicacies” like skinned rats and frogs
All complimentary excursions are led by fantastic local guides, so we learned about each country’s history and people who had survived brutal wars and dictatorship.
— The Scottishsun

Vietnam Veterans of America offers special memorial service to veterans
Many Lakeway Area residents have risked their lives to serve the United States through the military.
— Citizen Tribune

HCM City solicits investment in transport infrastructure
Ho Chi Minh City requires huge investment in infrastructure, and authorities have solicited investment of some 42 billion USD in the five-year period until 2020.
— VietnamPlus

Vietnam: 4 students drown in river
Vietnam News Agency revealed that 4 junior school pupils from Vietnam’s northern Lao Cai province have died while swimming in a local stream on Saturday.

Vietnam forecast to face net imports of crude oil
Vietnam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.
— VietnamPlus

Norway proposes upgrading economic relation with Vietnam
Vietnam’s economy has high level of openness, so it is important for Norway to enhance cooperation with Vietnam, especially in a globalized world where countries are more dependent on each other for development, said Norwegian trade minister.
— The Hanoitimes


Feature photo Human Rights Watch

This week’s morning news photo features International Day of UN Peacekeepers, May 29.


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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