Vietnam Morning News For November 15, 2019

Vietnam leads Southeast Asia in salary growth
Vietnam leads Southeast Asia in terms of salary growth with a 5.1 percent increase expected in 2020, according to a report by ECA International.
— Sggp News

Vietnam advised to cut tax incentives for long-term development
Tax incentives had led to a decrease in State revenue in Vietnam over recent years, Nguyen Duc Thanh, Director of the Vietnam Institute for Economic and Policy Research (VEPR), said at a conference in Hanoi on November 13.
— VietnamPlus

HCMC providing startup community with administrative, financial support
Ho Chi Minh City (HCMC) is enthusiastically promoting startup activities via simplifying administrative procedures and launching several financial support programs.
— Sggp News

Vietnam, Indonesia bolster cooperation in trade, investment
A seminar was held in Jakarta, Indonesia, on November 14 to connect Vietnamese and Indonesian firms, as well as promote bilateral cooperation in the fields of trade, industry and investment.
— VietnamPlus

Vietnam urged to stop building new coal-fired power plants
Ahalt to investment in new coal-fired power plants is required to check the trend of increasing coal consumption, a report warns.
— Douglas Digital Daily

Project launched to ease cargo congestion at Cat Lai seaport
HCMC Customs Department in coordination with Saigon Newport Corporation implemented a project to streamline customs procedures in logistics activities and reduce cargo congestion at Cat Lai seaport in HCMC on November 13.
— Sggp News

Vietnam Needs to ‘Struggle’ More in the South China Sea
Assessing Hanoi’s strategy after the Vanguard Bank standoff with China.
— The Diplomat

State Bank warns of NPLs from transport projects
The State Bank of Việt Nam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
— Viet Nam News

E-commerce key area of the digital economy, says expert
The Ministry of Industry and Trade (MoIT) is building infrastructure for the national digital transformation process, focusing on smart manufacturing and smart energy, to develop the digital economy.
— Viet Nam News

Global changes to impact Vietnamese marine transport industry
New regulations and development in the global economy will have a strong impact on Vietnamese shipping, a conference held to discuss Việt Nam’s Maritime Future heard in HCM City yesterday.
— Viet Nam News

HCM City closes off a road section outside Independence Palace to commemorate traffic accident victims
A road section outside Saigon’s Independence Palace will be closed off for three days for a national ceremony to pay homage to traffic accident victims.
— Vietnam Insider

Vietnam’s demand for imported gas to skyrocket to 40 bcm by 2035: PV Gas
Energy demand will rise strongly in Vietnam as the country needs power to run its fast-growing economy.
— The Hanoitimes

Agricultural product exports near US$34 billion
The Trade Promotion Agency under the Ministry of Industry and Trade on November 13 held several activities for market connection and investment cooperation for more than 450 enterprises from 29 cities and provinces in Vietnam and 23 countries and territories in the world in Ho Chi Minh City.
— Sggp News

SEA Digest: Tata Steel sells Vietnam asset; Hayman Capital raises $6m loan
India’s Tata Steel has recently reached an agreement to sell its entire stake in the Vietnam-based joint venture NatSteel Vina.
— DealStreetAsia

Swiss-Belhotel unveils major Vietnam expansion plans
Swiss-Belhotel International will be expanding its portfolio in Vietnam with a series of new hotels, resorts and residences in destinations all across the country.
— TTG Asia

Food producers urged to make efforts to boost exports
Vietnamese food producers need to improve quality, adopt international standards and overcome trade barriers in other countries to boost exports, the Vietnam Food Forum heard in HCM City on November 13.
— Viet Nam News

National Assembly adopts resolution on state budge estimate in 2020
The National Assembly adopted a resolution on the state budget estimate in 2020 at a plenary sitting on November 12.
— VietnamPlus

Start-ups and investors will be welcomed at Vietnam’s Techfest 2019
Innovative Vietnamese start-ups taking part in Techfest 2019 will have opportunities to connect with potential regional and global investors through a series of exciting events.
— Vietnam Insider

Mass screening planned on Nguyen Hue Pedestrian Street for Vietnam-UAE World Cup qualifier
As Vietnam will take on the UAE in their fourth 2022 FIFA World Cup qualifier tonight, November 14, a free public viewing will be held on massive projector screens on Nguyen Hue Pedestrian street in downtown Ho Chi Minh City.
— Vietnam Insider

VCCI and UNDP promote business integrity in Việt Nam
Combatting corruption was a big challenge for small and medium-sized enterprises in many countries, especially in Việt Nam where 98-99 per cent of enterprises fell into that bracket, said Vũ Tiến Lộc, president of Việt Nam Chamber of Commerce and Industry (VCCI), at a workshop in Hà Nội on Wednesday.
— Viet Nam News

Better disclosure means higher share prices for UPCoM firms: HNX
A total 237 companies on the Unlisted Public Company Market (UPCoM) have joined the listed firms’ assessment of information disclosure for 2018-19.
— Viet Nam News

MVTec appoints distributors in Thailand and Vietnam
MVTec Software GmbH (www.mvtec.com), the leading provider of standard machine vision software, is expanding its partner network in Southeast Asia.
— Imveurope

IoT, digital transformation require VN to focus on cybersecurity
The rapid development of internet of things in Việt Nam has forced authorities and businesses to pay attention to cybersecurity, a conference heard in HCM City yesterday.
— Viet Nam News

Vietnam sentences 5 drug traffickers to death
Five members of a transnational drug trafficking ring, including the 41-year-old Lao ringleader and four Vietnamese accomplices, were sentenced to death for smuggling 148 cakes of heroin, Vietnam News Agency reported on Thursday.
— Xinhua

Vietnam macaque island draws tourists – and criticism
Menacing macaques snatch bags of crisps, water bottles, cookies and crackers from uneasy tourists on Vietnam’s Monkey Island, a popular attraction decried as cruel by activists calling for an end to animal tourism in Southeast Asia.
— The Phnom Penh Post

ZF opens a manufacturing facility in Vietnam
Recently ZF opened its first plant in Vietnam: In accordance with its local-for-local strategy, the company established a production site for a new Vietnamese customer in Hai Phong.
— Manufacturing today India

Việt Nam’s rice crowned the best at 2019 World Rice Conference
Việt Nam’s organic rice from Sóc Trăng ST24 was crowned the best in the world at the 2019 The Rice Trader (TRT) World Rice Conference in Manila, the Philippines, on Tuesday.
— Viet Nam News

Daegu, HCM City enterprises seek investment opportunities
Dozens of enterprises from HCM City and South Korea’s Daegu City on Wednesday sought investment opportunities at the Daegu Medical Tourism Roadshow in HCM City.
— Viet Nam News

HCMC holds promotional goods fair and agro-forestry-fishery expo
An Expo on Agro-Forestry-Fishery Farming and Processing Technology and a Promotional Good Fair officially opened at the Tan Binh District Cultural and Sports Centre in Ho Chi Minh City on November 13.
— NDO

Banks lower savings rates but base rate could still be high
Several local banks have reduced their interest rates in recent days, going against the banking sector’s general year-end trend of increasing rates to boost earnings.
— Viet Nam News

Vietnam: Activist Facing Prison Term for Facebook Posts
The Vietnamese authorities should drop all charges against human rights activist Nguyen Nang Tinh and immediately release him, Human Rights Watch said today. A court in Nghe An is scheduled to hear his case on November 15, 2019.
— Human rights Watch

Industrial products to be displayed at int’l fair in Vietnam
The second Vietnam International Machinery Fair will kick off in Vietnam’s southern Ho Chi Minh City on Dec. 11, aiming to introduce latest industrial products, connect regional markets and encourage enterprises’ innovation and participation in global supply chains.
— Xinhua

Vietnam rejects China’s statement on sovereignty over Truong Sa
Vietnam rejects all the contents regarding Vietnam of the Chinese Foreign Ministry spokesperson’s statement on sovereignty over Truong Sa (Spratly) archipelago on November 8.
— NDO

Blue-chips dip as supply soars
The VN-Index slumped on Wednesday as supply increased in the afternoon trading session, causing blue-chips to lose ground.
— Viet Nam News

The Zalo.vn domain has been suspended for 45 days starting Monday
The Zalo.vn domain has been suspended for 45 days starting Monday, according to the Vietnam Internet Network Information Center (VNNIC).
— Vietnam Insider

Hanoi mayor’s visit opens up cooperation opportunities with Israeli and British partners
The visit will help Hanoi gain the best expertise and experience in a wide range of fields the city is developing.
— The Hanoitimes

Gia Lai Province to hold largest technological exhibition in Vietnam
The Ministry of Science and Technology yesterday cooperated with Gia Lai Province People’s Committee to hold a press conference for the event ‘Technology Exhibition and Connection between Supply – Demand 2019’ (TechDemo).
— Sggp News

Việt Nam-China border trade fair opens in Lào Cai
The 19th Việt Nam-China border economic and trade fair kicked off in Lào Cai city of the northern province of the same name on Tuesday.
— Viet Nam News

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

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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