Vietnam morning news for November 20

Vietnam morning news for November 20

Vietnam morning news

Vietnam raises cap on foreign ownership at domestic airlines to 34%
There will be no difference in the required minimum amount of capital for airlines providing international and domestic air transport services.
— The Hanoitimes

78% of enterprises satisfied with tax administrative reforms
Approximately 78% of surveyed enterprises showed their satisfaction with tax administrative reforms in 2019, up 3% compared to 2016.
— NDO

Vietnamese families have been offered loans to cover the costs of repatriating bodies
Grieving families in Vietnam have been offered loans to cover the costs of repatriating their loved ones’ bodies in the wake of the Essex lorry incident. BBC reports.
— Vietnam Insider

Dozens sick in outbreak; company refuses FDA’s request to recall tuna
Authorities are investigating an ongoing outbreak of scombrotoxin fish poisoning traced to yellowfin tuna. They have blocked all incoming shipments of the fish from a Vietnamese company that has refused to initiate a recall.
— Food Safety News

Vietnamese longan to go to Australia
Longan has become the fourth kind of Vietnamese fruit to be exported to Australia after litchi, mango and dragon fruit. However, experts say there is still a lot of work needed for Viet Nam to secure a firm foothold in the market.
— Viet Nam News

Vietnam Central Bank Cuts Deposit Rate Cap in Latest Easing Move
The State Bank of Vietnam, in its latest easing move, cut its interest-rate cap for dong deposits and ordered lenders to lower interest rates to support key business sectors.
— Bloomberg

Lawmakers scrutinise bill on PPP investment
The draft law on investment in the form of public-private partnership (PPP) will be among the bills under the National Assembly (NA)’s consideration on November 19.
— VietnamPlus

Vietnam to do best to enable RCEP signing in 2020
Vietnam will do its best as the chair of the Association of Southeast Asian Nations (ASEAN) to enable the signing of the Regional Comprehensive Economic Partnership (RCEP) in 2020, its deputy foreign minister said on Monday.
— Xinhua

Intellectual Property becomes the most useful tools to increase Vietnam’s competitiveness
Deputy Minister of Science and Technology Pham Cong Tac announced that in the era of science and technology, Intellectual Property (IP) rights, being approved by both domestic and global laws, have become one of the most useful tools to increase competitiveness of any business as well as the national economy, including Vietnam.
— Vietnam Insider

Thailand, Vietnam end in goalless draw
Thailand were held to a goalless draw by Vietnam in their Group G of Asia’s second qualifying round for the 2022 World Cup that dropped the War Elephants to third in the standings after Malaysia beat Indonesia.
— Bangkok Post

“Positive list” undermines effectiveness of Vietnam’s Law on Enterprise
The rights of doing business have mainly been in the area of “what”, while “how” and “how much”, among others, still have much to be discussed, said an expert.
— The Hanoitimes

Thailand, Vietnam end in goalless draw
Thailand were held to a goalless draw by Vietnam in their Group G of Asia’s second qualifying round for the 2022 World Cup that dropped the War Elephants to third in the standings after Malaysia beat Indonesia.
— Bangkok post

Vietnam has lowered regulations for the establishment of new carriers
Vietnam has lowered the minimum capital requirement and increased the foreign ownership cap for the establishment of new carriers.
— Vietnam Insider

Vietnam: Better control on COs needed to avoid trade frauds
Vietnam’s management efficiency in granting certificates of origin for enterprises needs to be improved to reduce trade frauds, Minister and Chairman of the Government Office Mai Tien Dung has said.
— The Phnom Penh post

Who will be Vietnam’s next party boss?
The ruling Communist Party of Vietnam (CPV) will hold its thirteenth National Congress in January 2021.
— East Asia forum

China, Vietnam to tap great potentials in trade cooperation
A seminar about trade and investment cooperation between China and Vietnam was held here on Monday, attracting nearly 100 officials and entrepreneurs to study potentials of the Vietnamese market and seek cooperation opportunities.
— Xinhua

Vietnam president demands quick handling of major corruption cases
Authorized agencies are required to push forward the investigations, probing, prosecution, and bringing to justice the cases which have stirred public concern.
— The Hanoitimes

Vinalines to sell its own stake from Inlaco-HP
Vietnam National Shipping Lines (Vinalines) will sell approximately 1.52 million shares, equivalent to 24.9 per cent of the International Labour and Services Stock Company (Inlaco-HP).
— Viet Nam News

Software firms are adding more value to their products
TMA Solutions, one of the largest software outsourcing companies in Việt Nam, has established the TMA Innovation Centre to develop new software products and solutions based on Industry 4.0 technologies, Trần Phúc Hang, the company’s vice president, said.
— Viet Nam News

Hoa Binh Dam, Vietnam’s construction of the 20th century
Built in the Black River basin in the northern mountainous province of Hoa Binh, at the time of its conception in 1979, Hoa Binh was the largest hydroelectric dam in Southeast Asia.
— VnExpress

Foreign investors allowed 34 per cent holding at Vietnamese airlines
The limit for foreign investors’ ownership in Vietnamese air transport businesses will be increased to 34 per cent from the current 30 per cent, according to a prime minister’s decree signed last week.
— Viet Nam News

Vietnam Airlines will launch a new daily service connecting Hanoi and Macau
Vietnam Airlines will launch a new daily service connecting Hanoi and Macau from December 15 this year.
— Vietnam Insider

World’s leading hotel management brands approaching Vietnam
Japan’s Watabe Wedding Corporate recently signed an agreement with Empire Group Vietnam to organize wedding ceremonies for 1,000 Japanese couples in the latter’s Cocobay Complex in Danang of Vietnam in the next three years, and the figure is expected to increase to 16,000 in the next 10 years.
— Vietnam Insider

Vietnam targets top 3 at 30th SEA Games
The Vietnamese delegation aims to bag 65-70 gold medals to rank in the top three at the region’s biggest sporting event, 30th SEA Games, in the Philippines.
— VietnamPlus

Law on Enterprises needs greater reforms
Việt Nam must continue to improve on its Law on Enterprises, experts and researchers said at a law conference in Hà Nội yesterday.
— Viet Nam News

Korean circles highlight Vietnam’s role in RoK New Southern Policy
Korean people from all walks of life have spoken highly of Vietnam and its role in the Republic of Korea (RoK)’s New Southern Policy that was introduced by the government of President Moon Jae-in in 2017 to reduce the RoK’s heavy reliance on the US, China, Japan and the European Union (EU).
— Korea times

SCIC to sell all shares in thermal power firm
The State Capital Investment Corporation (SCIC) wants to sell all of its 51.4 million shares in Quảng Ninh Thermal Power JSC.
— Viet Nam News

Vietnam helps Laos develop educational facilities
Over the past decades, educational cooperation has always been considered by Vietnam and Laos as a focal area of special strategic significance to help the two countries on their path of development.
— VietnamPlus

PGBank, HDBank merger could finish in June 2020
PGBank was previously planned to partner with Vietinbank, but the deal fell through in late April 2018.
— Viet Nam News

PM urges for solutions to boost efficiency of agro-forestry companies
Prime Minister Nguyen Xuan Phuc has urged for more effective measures to promote the efficient operation of agro-forestry companies across the nation.
— NDO

First Vietpresso coffee contest held in HCM City
Real Bean Coffee, Trung Nguyên Legend and Lamant Coffee won the gold, silver and bronze prizes at the first Vietpresso Contest held in HCM City last week.
— Viet Nam News

Ripple Partners SBI Remit to Launch Blockchain Remittance Between Japan and Vietnam
SBI Ripple Asia Co., Ltd. and SBI Remit Co., Ltd., an international money transfer service business operator announced that the companies have started the first Japan-Vietnam money transfer service in real currency utilizing DLT, with a Vietnamese bank, Tien Phong Commercial Joint Stock Bank.
— Fintech News

Fintech to drive digital payments: Visa
Fintech companies could hold the key to driving last-mile adoption of digital payments and unlocking vast cash displacement opportunity in Southeast Asia, including Viet Nam, according to Visa, a world leader in digital payments.
— Viet Nam News

Vietnam attends 23rd GMS ministerial conference in Phnom Penh
Deputy Minister of Planning and Investment Vu Dai Thang led a Vietnamese delegation to the 23rd Greater Mekong Subregion (GMS) Ministerial Conference that took place in Phnom Penh, Cambodia from November 17-18.
— VietnamPlus

Local shares to fluctuate due to lack of good news
Shares look set to fluctuate next week due to a lack of supportive information and cautious sentiment triggered by a mixture of news from the world market, brokerages have predicted.
— Viet Nam News

Gusty growth: Vietnam’s remarkable wind energy story
Vietnam is rising as Southeast Asia’s new wind hero, with power capacity soon to dwarf that of all other Asean nations and the world’s biggest offshore wind farm to be built off its windy coast, but challenges remain.
— Eco-business

Tết Festival 2020 to open in HCM City in January
A new Tết (Lunar New Year) Festival 2020 will be organised in HCM City from January 3 to January 5 next year to honor Việt Nam’s cultural and culinary values.
— Viet Nam News

UPCoM offers opportunities for market players
Although the Unlisted Public Company Market (UPCoM) attracts less attention from investors than the Ho Chí Minh and Hà Nội stock exchanges, the market still offers potential opportunities for market players who thoroughly understand it.
— Viet Nam News

Fruit farmers learn about disease treatment via mobile phone apps
The Lộc Trời Group on November 15 signed an MoU with Southern Horticultural Research Institute to develop a system called “Fruit Hospitals” which will provide farmers training about fruit tree nutrition, cultivation and disease treatment.
— Viet Nam News

Over 500 firms to take part international textile and garment industry exhibitions in HCM City
Four expos showcasing technologies, solutions and trends meant to upgrade the entire textile and footwear production chain will be held under one roof in HCM City from November 20 to 23.
— Viet Nam News

VN30 firms take 92% of all top listed firms’ total Q3 profits
Three companies in the HNX30-Index posting losses in the third quarter were PetroVietnam Coating Corporation (PVB), Trí Việt Group (TVC) and constructor Vimeco JSC (VMC).
— Viet Nam News

SBV proposes account freezes to tackle fraud
Under the proposal, commercial banks could freeze accounts if they have sufficient evidence the accounts were used for or involved in fraudulent and illegal activates.
— Viet Nam News

Firms from Hà Nội and Poland seek co-operation
Representatives of Hà Nội enterprises and their counterparts from Poland gathered in the capital yesterday to seek potential co-operation at a forum.
— Viet Nam News

Sustainable protection needed for Sơn Trà Reserve
Human activities in the Sơn Trà Nature Reserve had changed the basic instincts of langurs and monkeys, while threatening the primate population with human-to-wildlife transmitted diseases, according to biologist Trần Hữu Vỹ.
— Viet Nam Net

Local stocks keep falling on profit earning
Vietnamese shares slipped on Monday as investors continued seeking profits from previous gains made by large-caps.
— Viet Nam News

Taiwan enhances healthcare ties with Việt Nam
Leading hospitals in Taiwan are seeking to enhance cooperation with Vietnamese hospitals and promote their medical services and technology to Vietnamese citizens.
— Viet Nam News

 

Feature photo Trường Mầm Non Phú Lương

This week’s Vietnam morning news feature photo focus on World Toilet Day, November 19.

 

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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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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