Vietnam morning news for November 14

Vietnam morning news for November 14

Vietnam morning news

Việt Nam to import LNG to meet burgeoning electricity demand
Demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year, according to the Ministry of Industry and Trade.
— Viet Nam News

Vietnam Advances Plan to Protect Disputed Maritime Claims with Stronger Fishing Fleet
Vietnamese boats fish so far outside their territorial waters that authorities in Malaysia and the Philippines sometimes spot them.
— VOA

Vietnam’s jasmine rice crowned best in world
The Soc Trang-based organic rice ST24 was honoured as the best in the world for flavour for the first time ever, as it was granted the World’s Best Rice 2019 award at the 11th Annual World’s Best Rice Contest in Manila, the Philippines, on November 12.
— NDO

Vietnam Airlines and Jetstar Pacific add 230,000 seats for Tết holiday
Vietnam Airlines and budget carrier Jetstar Pacific will supply nearly 230,000 extra seats from January 9 to February 8, 2020 to serve increasing travel demands during peak season of Tết (Lunar New Year) holiday.
— Viet Nam News

Vietnam’s rubber export rises 6.4 pct in 10 months
Vietnam gained nearly 1.8 billion U.S. dollars from exporting over 1.3 million tons of rubber in the first 10 months of this year, seeing respective year-on-year increases of 6.4 percent and 7.6 percent.
— Xinhua

Vietnam needs foreign aid to develop renewable energy
Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam, coming third behind fintech and education.
— The Hanoitimes

Vietnam is the leading solar photovoltaic market in ASEAN
Vietnam leading ASEAN’s solar PV market. With the International Monetary Fund (IMF) expecting Vietnam’s economy to grow by 6.5 percent in 2019 and 2020, it is only natural that one of the region’s fastest growing countries is turning towards renewable energy to secure its energy needs.
— Vietnam Insider

NA concerned over Long Thanh airport developer’s financial wherewithal
Lawmakers have expressed concern about the Airports Corporation of Vietnam’s financial wherewithal to go through with the mega Long Thanh International Airport project.
— VnExpress

Vietnam to give civil servants a 7.3 percent wage raise next year
Vietnam’s top legislative body, the National Assembly, Tuesday approved a government proposal to raise civil servants’ wages by 7.3 percent from next July.
— VnExpress

Vietnam to confiscate Chinese-made gadgets with maps showing ‘nine-dash line’
The Vietnamese government announced on Friday, Nov. 8, that all Chinese-made gadgets, be it smartphones or car GPS navigation devices, will be confiscated if these show China’s “nine-dash line” claim over the West Philippine Sea and surrounding areas.
— Inquirer.net

Bamboo Capital chairman to raise stake to 20 per cent
In the first nine months, Bamboo Capital earned VNĐ942 billion (US$40.6 million) in total revenue, up 13 per cent year on year.
— Viet Nam News

First Uniqlo store in Vietnam to open next month
The first store of Japanese casual wear retailer Uniqlo will open December 6 in Ho Chi Minh City’s District 1, the company said in a statement.
— Retail News

VinaPhone partners Celltech and Flytxt for intelligent customer engagement
Dr. Vinod Vasudevan, CEO, Flytxt said: “We are delighted to partner with Celltech for supplying our marketing technology solution to Vinaphone.
— Digital Journal

Vietnam Law Codifies Abuse Victims’ Right to Lawyer
It is fairly common that a person accused of a crime has the right to an attorney, but what about the victim of the alleged crime?
— VOA

Viettel Peru gained more than $24.5 million in 9 months
Bitel, a subsidiary of Viettel Group in Peru, reported that its total revenue reached US$274.2 million and profit before tax of $24.5 million in the first nine months of this year.
— Viet Nam News

Rice export revenue suffers from price drop
Vietnam exported 5.56 million tonnes of rice and brought home 2.43 billion USD in the first 10 months of 2019, up 6.1 percent in volume but down 9.1 percent in value over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
— VietnamPlus

VPBank issues 31 million treasury shares for employees
The shares will be taken from VPBank’s total 123 million treasury shares under the employee stock ownership plan (ESOP).
— Viet Nam News

Four bank shares to gain maximum 68 per cent in 12 months: JP Morgan
The New York-based financial institution said in its research that the Vietnamese banks “offered an increasingly rare combination of high and self-sustaining earnings growth.
— Viet Nam News

N. Korea’s official paper highlights strong ties with Vietnam
North Korea’s official newspaper highlighted strong and friendly relations with Vietnam on Wednesday, saying that Pyongyang cherishes the bilateral ties based on decades of cooperation in fighting for anti-imperialism and socialism.
— YNA

Siemens to upgrade steam power plant in Vietnam to combined cycle power plant
Siemens will provide the equipment to upgrade the Hiep Phuoc 1 steam power plant in Ho Chi Minh City, Vietnam, to a combined cycle power plant.
— Power Mag

State Bank of Vietnam to Establish New Regulations Pertaining to the Cryptocurrency Use
Cryptocurrencies are hot topics nowadays and it is creating a rage of war in Vietnam as the regulators and the State bank of Vietnam (SBV) are working upon a new decree to regulate the cryptocurrency uses in Vietnam.
— Cryptonewsz

Vietnam braces for trade deficit in 2020
The government expects a trade deficit next year as global conditions worsen, and wants to cap it at 3 percent of export turnover.
— VnExpress

Vietnam urged to promote circular economy
Vietnam should act fast to switch to the circular economy, heard a workshop on promoting the no-carbon circular economy held in Hanoi on November 12.
— VietnamPlus

Losses in forecast for VN’s economy if pollution worsens
Other statistics were also provided to prove the traditional linear economy is hampering the natural resources, increase waste volume and pull down the world’s socio-economic development.
— Viet Nam Net

Intercontinental Hotels Group adds two properties in Vietnam
Further boosting its presence in Vietnam, Intercontinental Hotels Group (IHG) has announced signing of an agreement with Ho Tram Project Company (HTP) to rebrand the latter’s integrated resort – The Grand Ho Tram hotel to Intercontinental Grand Ho Tram.
— Vietnam Insider

Online Friday 2019 supports sales through e-voucher
Việt Nam’s top e-commerce shopping event, Online Friday 2019, will for the first time help businesses sell goods through e-voucher systems enhancing shopping experiences for customers.
— Viet Nam News

Fashion chain SEVEN.AM closed its stores due to label fraud suspicions
Fashion chain SEVEN.AM closed its stores after authorities began investigating allegations the brand replaced made-in-China labels on its products with Vietnamese ones.
— Vietnam Insider

FWD in insurance distribution deal with Vietcombank
Insurer FWD Group confirmed on Tuesday its purchase of Vietcombank-Cardif Life Insurance (VCLI), an unit of Việt Nam’s largest listed lender by market value, Vietcombank.
— Viet Nam News

Liên Chiểu Port to play key role for a sustainable Đà Nẵng
Speeding up the construction of the new Liên Chiểu Cargo Port would help promote Đà Nẵng as a key international logistics centre, and allow the existing Tiên Sa Port to be reserved for cruise ships only.
— Viet Nam News

Business associations lead way to promote business integrity in Vietnam
In Vietnam, 11 Business Associations have officially signed the Business Integrity Pledge to uphold the core values of integrity, ethical behavior, and accountability.
— The Hanoitimes

Markets climb with divergence among large-caps
Markets fell back towards the end of trading on Tuesday, but still managed to post slight gains, witnessing a large divergence among large-caps.
— Viet Nam News

Rising Coastal Sea Levels Pose Threat to Cities in Vietnam and Thailand
A recent study referred to by some as a “Doomsday Report” suggests that rising sea levels could flood three times more land than previously predicted.
— Reliefweb

Việt Nam needs to promote access to supply chain financing : experts
Promoting supply chain financing will help improve the competitiveness of micro, small and medium enterprises (MSEME) in Việt Nam, enabling them to join global supply chain, experts said in the 4th annual conference on supply chain financing in Asia-Pacific in HCM City on Monday.
— Viet Nam News

Next ASEAN Summit: How will Vietnam lead?
Thailand wrapped up its tenure as chair of the 35th ASEAN Summit and related meetings in Bangkok, handing over the torch to Vietnam for next year. Thailand’s chairmanship came against the backdrop of a rapidly evolving regional order marked by the US-China trade dispute and at an overall tumultuous time for the multilateral trading system and rules-based regime.
— Khmer Times

KEB Hana Bank becomes BIDV’s strategic shareholder
South Korea’s KEB Hana Bank has officially become a foreign strategic shareholder in the Bank for Investment and Development of Việt Nam (BIDV) following a cooperation agreement with the two sides inked on Monday.
— Viet Nam News

Kirin’s functional food brand expands to Vietnam with immunity-boosting probiotic drink
Kirin’s functional food brand, iMUSE has ventured into its first overseas market with the launch of a functional probiotic beverage in Vietnam.
— Beverage Daily

Bà Rịa-Vũng Tàu host int’l pepper conference
About 400 delegates from Việt Nam and 25 other member countries of the International Pepper Community are attending the International Pepper Conference 2019 in the southern province of Bà Rịa-Vũng Tàu.
— Viet Nam News

E-commerce platforms in Vietnam gain big on Singles’ Day
Many e-commerce retailers in Vietnam have reported strong growth in traffic and number of orders on the occasion of Double 11 sales this year, which fell on Monday.
— Xinhua

Hazardous air pollution engulfs Hà Nội
The capital city choked in unprecedentedly poisonous air throughout Tuesday with the air quality index (AQI) monitored at most sensor stations reaching hazardous levels of above 300 since early morning.
— Viet Nam Net

Former university lecturer jailed for online posts in Vietnam
Vietnamese authorities continue to widen their crackdown on freedom of expression against ordinary citizens even when they do not engage in any grassroots activism or political movements.
— Global Voices

Vietnam-China international trade fair opens in Lao Cai
The 2019 Vietnam-China International Trade Fair officially opened at the Kim Thanh Exhibition Centre in Lao Cai City, in the northern province of Lao Cai, on November 12, with the participation of more than 300 businesses.
— NDO

BCG says close to achieving full-year targets
Bamboo Capital Joint Stock Company has said it will surely meet this year’s revenue and after-tax profit targets of VNĐ2.96 trillion (US$127.5 million) and VNĐ312 billion ($13.4 million), which represent an increase of 166 per cent and 265 per cent from last year.
— Viet Nam News

JW Pharmaceutical launches joint-stock company in Vietnam
JW Pharmaceutical said that it has formally launched Euvipharm Joint Stock Company in Vietnam as part of its strategy to target pharmerging markets.
— Koreabiomed

Deputy PM asks FWD Insurance to invest in start-up projects in Vietnam
Deputy Prime Minister Vuong Dinh Hue has proposed that FWD Insurance, of the Pacific Century Group, participate in green financial funds for start-up and innovation projects in Vietnam.
— NDO

Foreign brands eager to enter booming fashion market
Major international brands are setting up shop in Vietnam and expanding quickly to tap a rapidly growing fashion market.
— VnExpress

RAL to select adjusting services for fire loss
Rạng Đông Light Source and Vacuum Flask JSC (HoSE: RAL) asked its shareholders to select PVI Insurance Corporation and Vietnam International Adjuster (VIA) to value the damage from the fire in August at the request of Hà Nội’s Police.
— Viet Nam News

Vietnam to study logistics investment in Egypt
The Ministry of Industry and Trade will send a delegation to Egypt to study investment in logistics and promote trade in the second biggest economy in Africa from December 1-6.
— VietnamPlus

Hanoi remains top FDI destination in 10 months
Hanoi continued to top the list of foreign direct investment destinations in Vietnam in the first 10 months of this year, raking in about 6.85 billion USD, most of which came in form of capital contributions and share purchase.
— VietnamPlus 

Rare deer-like species rediscovered after nearly 30 years in Việt Nam
A deer-like species thought lost to science for almost three decades has been discovered living in Việt Nam, according to a new study in Nature, Ecology and Evolution.
— Viet Nam Net

Work against trade fraud should be intensified
Minister of Industry and Trade Trần Tuấn Anh has asked market surveillance to promote its role and functions to fight smuggling, trade fraud and fake commodities.
— Viet Nam News

 

Feature photo John Le Fevre

This week’s Vietnam morning news feature photo focus on Vietnam’s receipt of the Asean Chair’s gavel for the year 2020.

 

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).

 

 

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Vietnam morning news roundup is the most comprehensive hand-curated selection of Vietnam English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Vietnam English language news today.

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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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