Vietnam morning news for May 29

Vietnam morning news for May 29

Vietnam morning newsVietnam’s economy could soon be bigger than Singapore’s
Vietnam’s economy could be bigger than Singapore’s by 2029, says DBS Bank Ltd. The Southeast Asian nation has the potential to grow at a pace of about 6%-6.5% over the next decade, DBS forecasts, citing strong foreign investment inflow and productivity growth in the coming years.
— The Star Online

Vietnam-EU Security Ties in Focus with Defense Visit
A recent interaction spotlighted some of the ongoing activity within the defense aspect of the relationship.
— The diplomat

Vietnam can cut emissions, save $2.3 bln with efficient agriculture, forestry
Vietnam can reduce its greenhouse gas emissions and save $2.3 billion by 2030 with more efficient land use practices, a new study found.
— VnExpress

Vietnamese produce wants to branch out into global market
Improving overall produce quality is an urgent, long-term solution to help Vietnamese farm produce make inroads into global markets, says Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
— Fresh Plaza

Vietnam looks to develop cashless payment
The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
— VietnamPlus

Vietnam Industrial Zone Spotlight – 3 Suitable Locations for your Business
As Vietnam continues to expand its economy in part due to the recent US-China trade war, it continues to expand and build Industrial Zones (IZ) – locations earmarked by the government for industrial production of goods and services.
— Vietnam Briefing

Vietnam man jailed for plotting terror attack
A Vietnamese man has been sentenced to six years in jail for terrorism and weapons possession after he was convicted for smuggling a cache of guns into the country from Cambodia, a court official said Tuesday (May 28).
— Channel NewsAsia

China, Vietnam defense ministers discuss South China Sea issues in Hanoi
The two sides agree to jointly build a peaceful environment in the South China Sea, which is referred to as the East Sea in Vietnam.
— The Hanoitimes

Fruit exports: China changes rules, Vietnam changes strategy
Vietnam’s fruit exports to China in Q1 decreased by 6.3 percent compared with the same period last year. The door to the biggest export market is narrowing.
— Vietnam Insider

Loss-making projects to be handled in 2020
Twelve delayed or loss making projects under the Ministry of Industry and Trade (MoIT) would be resolved by 2020, according to the ministry’s Planning Department.
— Viet Nam News

Vietnam, a new export market for Chilean apples and cherries
After some arduous trade and diplomatic negotiations, Chile has opened a new market in Asia for its apples and cherries. The Minister of Agriculture, Antonio Walker, stated that the Ministry of Agriculture, through the Agricultural and Livestock Service (SAG), had achieved an agreement on May 24 to export these fruits to Vietnam.
— Fresh Plaza

Mekong Delta sees slow progress in upgrade of trading households into companies
The conversion of trading households into companies is progressing at a snail’s pace in the Mekong Delta.
— Viet Nam News

Drunk driving thrives in Vietnam because few pay the price
Typically, law enforcement and self-discipline would ensure people do not drive under the influence. Vietnam’s not typical.
— VnExpress

VN markets mixed on continued trade worries
Domestic markets were mixed on Monday, with the benchmark southern index rising but the northern one falling due to the continued uncertainty of regional and world markets.
— Viet Nam News

Room to develop Việt Nam-Shandong ties
There is huge potential for co-operation between Vietnamese firms and businesses from China’s Shandong Province, Vice Chairman of the Shandong People’s Council Wang Liang said on Monday.
— Viet Nam News

Vietnam, Sweden push for EVFTA signing in upcoming weeks
The move would bring mutual benefits for all parties involved, contributing to greater cooperation in investment and trade between Vietnam and Sweden.
— The Hanoitimes

Vân Đan Airport receives first international flight
Vân Đan International Airport in the northern province of Quảng Ninh received its first international flight from China on Monday, welcoming 140 passengers from Shenzhen.
— Viet Nam News

Vietnamese banks continue issuing bonds to raise capital
Vietnamese banks are persisting with the issue of bonds to comply with credit safety regulations and meet rising credit demand.
— VnExpress

Americans snap up imports from Vietnam at China’s expense
Vietnam was one of the fastest-growing sources of American imports from Asia last quarter, and could potentially overtake the UK as a bigger supplier to the US if it keeps up that pace.
— The Edge Markets

Vietnam poised to become Asia’s next high-performing economy
Vietnam 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 on Wednesday (May 22) in Ho Chi Minh City.
— Asia One

US ban on Huawei unlikely to affect Việt Nam smartphone market: report
US restrictions on Huawei will not likely affect Việt Nam’s smartphone market as well as the domestic mobile phone retailers.
— Viet Nam News

State Bank to continue administrative reform
Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú said that SBV would continue to enhance administrative reform in the near future, with a focus on improving the business environment in monetary and banking fields, and corporate support.
— Viet Nam News

Vietnam to stop foreigners acquiring land through local proxies
The government will crack down on locals acting as proxies for foreigners to buy land, Deputy Prime Minister Trinh Dinh Dung says.
— VnExpress

POPS asks huge compensation for alleged FPT TV copyright infringement
Việt Nam-headquartered POPS Worldwide, a digital entertainment company, has asked for compensation of US$15 million from FPT TV for alleged copyright infringement.
— Viet Nam News

U.S. IMPORTS FROM VIETNAM SOAR AS CHINESE FACTORIES SIMPLY MOVE COUNTRIES
U.S. imports from Vietnam grew sharply in the first quarter of 2019 as businesses shifted their supply chains amid continued trade tensions between Beijing and Washington.
— Newsweek

Việt Nam, Ivory Coast eye co-operation in agriculture
Standing Vice Chairman of the HCM City’s People Committee, Lê Thanh Liêm, on Monday discussed measures to promote bilateral co-operation, particularly economic, with minister and secretary general of the presidency of the Ivory Coast, Achi Patrick.
— Viet Nam News

China’s Shandong firms seek cooperation opportunities in Vietnam
A seminar was held in Hanoi on May 27 to promote the economic and trade cooperation and exchanges between Vietnamese enterprises and firms in China’s Shandong province.
— NDO

Mekong governance needs community participation
Water officials in the Mekong Delta were facing increasing challenges that required joint efforts from all stakeholders, scientists have said.
— Viet Nam Net

Does Huawei have a chance to grasp share in Vietnam’s 5G deployment?
Three major mobile carriers in Vietnam have recently announced information of cooperation plans with foreign partners in the roadmap of 5G implementation but no one has mentioned Huawei.
— The Hanoitimes

Will Japanese technology keep Tô Lịch River clean in the long term?
The notoriously polluted Tô Lịch River is undergoing an experimental treatment with Japanese technology that promised to restore purity and life-giving quality to the flow that has for long considered ‘a dead river’ by many citizens in Hà Nội.
— Viet Nam Net

US won’t label Việt Nam a currency manipulator
The US is refraining from labelling Việt Nam a currency manipulator based on new data the country had provided to the Treasury Department.
— Viet Nam News

Top Cambodian legislator begins official visit to Vietnam
A high-ranking delegation of the Cambodian National Assembly, led by the body’s President Samdech Heng Samrin, starts an official visit to Vietnam on May 28.
— NDO

Seminar discusses decree on monopolistic on beer, alcohol and beverage sector
The Việt Nam Competition Authority is set to issue a decree to guide amendments to the Law on Competition, clarifying and amplifying certain provisions.
— Viet Nam News

List of the best things to do in Vietnam
A land rich with history, culture, and natural beauty, Vietnam is a destination for those seeking remarkable experiences. Located in Southeast Asia on the South China Sea, it is a country famous for its beaches, rivers, bustling cities, quiet villages, ancient temples and Buddhist pagodas.
— Vietnam Insider

 

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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