Vietnam Morning News For November 27, 2019

Visa duration for foreign investors in Vietnam to depend on investment size
In the previous version, the law stipulated the duration of an investment visa for investors is not longer than five years, which was considered flaw by the National Assembly’s Standing Committee.
— The Hanoitimes

China makes up nearly 40% of Vietnam’s steel imports despite tighter trade measures
The neighboring country remained Vietnam’s leading supplier of steel over the last three years, with the quantity and value growing at two-digit growth rates annually.
— The Hanoitimes

Vietnam Jails Six Bloggers, Activists in One-day Sweep Across the Country
Vietnamese courts on Thursday sentenced six dissident bloggers and activists to long terms in prison amid a continuing crackdown on online expressions of dissent in the one-party communist state that has seen dozens of people jailed this year, sources said.
— Radio Free Asia

Another company expands recall of frozen tuna from Vietnam
More frozen tuna from Vietnam is under recall because of the danger of scombroid fish poisoning.
— Food Safety News

Da Nang: Vietnam’s Emerging Investment Destination – Latest Issue of Vietnam Briefing Magazine
The latest issue of Vietnam Briefing Magazine, titled “Da Nang: Vietnam’s Emerging Investment Destination”, is out now and currently available to subscribers as a complimentary download in the Asia Briefing Publication Store.
— Vietnam-Briefing

Vietnam attracts US$31.8 billion in FDI in eleven months
Vietnam attracted US$29.11 billion in foreign direct investment (FDI) in the first eleven months of 2019, up 3.1% over the same period last year, according to the Ministry of Planning and Investment.
— NDO

Bubs in Vietnam: Aussie infant nutrition firm strikes major distribution deal
Bubs Australia is on an expansion spree in Asia, with its latest move in Vietnam, where its infant nutrition products will be available in major mother-and-baby store Bibo Mart.
— Food Navigator

Vietnam Gets Double Dose of US Waterway Diplomacy
Vietnam got a double dose of waterway diplomacy from the United States last week.
— VOA

Vietnam makes a mess of waste management
Unclear delineation of the roles of state agencies in managing waste has made a mess of sorting and collecting trash in Vietnam.
— VnExpress

Vietnam jails another Facebook user as dissent crackdown intensifies
A court in Vietnam sentenced a Facebook user to six years in prison on Tuesday for a series of posts he made on the social media platform that the Southeast Asian country’s government said were “anti-state.”
— NationalPost

Can Vietnam break the authoritarian glass ceiling?
No woman has led a non-democratic regime that was not a monarchy. Vietnam will make history in 2021 if it selects current National Assembly Chair, Nguyen Thi Kim Ngan, as the Vietnam Communist Party (VCP) General Secretary at the next Party Congress.
— East Asia Forum

Vietnam edges up in Huawei’s global connectivity rankings
Vietnam has jumped three places this year to 57th out of 79 economies in a global ranking of digital transformation and connectivity.
— VnExpress

Logistics can benefit from growing economy
Việt Nam’s logistics industry can reap the rewards of the country’s growing economy. But some fear, to reach these goals, many hurdles need to be overcome.
— Viet Nam News

Foreign competition the smallest concern for Vietnam’s logistics firms in CPTPP
Direct impacts from the CPTPP agreement would not be significant, but means a more stable and predictable environment for logistics firms in Vietnam, according to an expert.
— The Hanoitimes

Vietnamese firms connect with potential partners at Singapore forum
Vietnamese businesses had a chance to connect with the Singaporean market and seek potential partners from around the world at a forum held at the Singapore Exchange (SGX) on Monday.
— Viet Nam News

China finances research study for Lao Cai – Hanoi – Hai Phong railway project
The total investment capital of the project is estimated at VND100 trillion (US$4.3 billion).
— The Hanoitimes

Vietnam among fastest growing economies in Asia: Singaporean newspaper
The Singapore-based Chinese-language newspaper, Lianhe Zaobao newspaper (United Morning Paper) run an article on November 26 on Vietnam’s Foreign Direct Investment (FDI) attraction, affirming that Vietnam is one of the most open economies with thefastest economic growing pace in Asia.
— NDO

Vietnam mulls bidding policy for solar power prices
The government is studying a plan to let investors bid on solar power prices after its incentive pricing policy has run out.
— VnExpress

Vietnam Banks to Include ESG Risks Credit Risk Analysis
The State Bank of Vietnam has directed all Vietnamese banks to include ESG risk assessments in credit risk analysis and establish dedicated ESG analysis units by 2025.
— Regulation Asia

France to support and cooperate with Hanoi in diverse projects
The French embassy wants the Hanoi government to facilitate its events in the capital city.
— The Hanoitimes

Netflix wants to produce Vietnamese content
U.S. streaming service provider Netflix wants to produce content in Vietnam as it seeks to expand in Asia, its CEO has said.
— VnExpress

Investors’ success is Việt Nam’s success: Deputy PM
The Government has pledged to facilitate foreign investors doing business in Việt Nam, including Bình Dương, since “your success is our success,” Deputy Prime Minister Vương Đình Huệ said.
— Viet Nam News

Vietnam’s tourism property market holds potential
Vietnam’s tourism real estate market has the potential for strong development, but utilities and services are needed to attract investors.
— VietnamPlus

Foreigners side with locals to run counterfeit market in Vietnam
Many websites selling fake goods are hosted abroad, while Vietnam still lacks legal instruments to address rampant unfair competition and trade fraud activities in the cyber space.
— The Hanoitimes

Vinamilk launches premium children’s milk with Japanese ingredients
Dairy giant Vinamilk has launched Vinamilk Yoko Gold, a milk product for children made from ingredients imported from Japan.
— Viet Nam News

Ford Vietnam adds $81.7m in automobile manufacturing expansion project
Ford Vietnam will invest an additional VNĐ1.9 trillion (US$81.7 million) in expanding its automobile assembly and production factory in the northern province of Hải Dương.
— Viet Nam News

Vietnam considers Swedish loans to build largest airport
A Swedish state-owned entity proposed a commercial loan of over US$1 billion for the construction of Long Thanh airport, the would-be largest of its kind in Vietnam.
— The Hanoitimes

Vietnam Coast Guard ship visits Japan
Ship CSB 8002, carrying a mission from the Vietnam Coast Guard Command on board, departed for Japan on November 24 to visit and exchange with the Japan Coast Guard (JCG).
— VietnamPlus

Japan Airlines to recruit manpower from central Việt Nam
Representatives of Japan Airlines (JAL) will co-operate with Đông Á College in human resources training for its airline and ground services in Japan from 2020, marking the JAL’s first-ever manpower training programme abroad.
— Viet Nam News

SBV tightens lending regulations with bad loans on the rise
The central bank’s new policy aims to reduce risk, tighten control and to channel capital into priority sectors and small-to-medium-sized enterprises, according to the SBV.
— Viet Nam News

Export of wood and wood products reaches $1b in October
Việt Nam gained more than US$1 billion from the export of wood and wood products in October, up 22.69 per cent year-on-year, according to the General Department of Vietnam Customs.
— Viet Nam News

German wine-growing enterprises eyes Vietnamese market
A workshop on agriculture, especially the wine products of the Germany’s largest wine-growing region, the State of Rheinland-Pfalz, has been held in Hà Nội.
— Viet Nam News

Nội Bài Airport expected to receive 100 million passengers per year
Nội Bài International Airport will be expanded to serve 100 million passengers annually, becoming more suitable to the development space of Hà Nội and minimising impact on surrounding planning.
— Viet Nam News

RoK, Vietnam urged to boost people-to-people diplomacy
Vietnam and the Republic of Korea should enhance people-to-people diplomacy in order to elevate their ties to a comprehensive strategic partnership, according to Chol Young Joo, Chairman of the Korea-Vietnam Friendship Association (KOVIFA).
— VietnamPlus

Management unit to be set up at Vân Đồn economic zone
The Vietnamese government has issued a resolution on the pilot establishment of a management unit of Vân Đồn economic zone, located in the northern coastal province Quảng Ninh.
— Viet Nam News

Thảo Điền Invesment changes name to Masterise Group
Thảo Điền Investment has changed its name to the Masterise Group and established the Masterise Homes Real Estate Development Company to manage and develop all of its housing projects.
— Viet Nam News

HCMC pilots smart camera system to ease traffic flow
HCMC will deploy a smart camera system to detect traffic congested areas and guide vehicles from afar on alternate routes.
— Vietnam Insider

Firms rush to buy back shares following global trend
Following a global trend of share buybacks, many Vietnamese businesses are now repurchasing their own stocks to stablise prices.
— Viet Nam News

Is the bubble tea craze in Vietnam over?
So many bubble tea shops joined the market in recent years that many of them have had to give up the game.
— Vietnam Insider

KPC opens education center in Việt Nam
The Korean Productivity Center opened its education centre KPC-QTC in the capital city.
— Viet Nam News

Bamboo Airways most punctual in ten months
The newest carrier Bamboo Airways on-time performance rate reached 93.9% in the first ten months of this year, the highest among domestic airlines.
— Vietnam Insider

State strictly controls trading, transport of smuggled pigs
The General Department of Market Surveillance has requested to its branches in some southern provinces strengthen inspection and control over the trading and transport of smuggled pigs.
— Viet Nam News

Official affirms Vietnam’s defence policy of peace, self-defence
Peace and self-defence form the basic features of Vietnam’s defence policy, which remains updated since the previous edition issued in 2009, according to Deputy Minister of National Defence Sen. Lt. Gen. Nguyen Chi Vinh.
— VietnamPlus

Freeze-dried vegetable powder project wins start-up contest
Beating 29 other start-ups across the country in the final round, Nguyen Ngọc Hương from HCM City won the first prize of VNĐ50 million (US$2,151) at the 2019 Innovation Start-up Project Competition with her freeze-dried method for producing powder from green leafy vegetables.
— Viet Nam News

BSR successfully processes MFO for export
Bình Sơn Refinery and Petrochemical Joint Stock Company (BSR), the manager and operator of Dung Quất Oil Refinery Factory, has succeeded in processing some kinds of newly imported crude oil and marine fuel oil (MFO) for export.
— Viet Nam News

Feature photo MSAVLC

This week’s Vietnam morning news feature photo focus on Day of Remembrance for all Victims of Chemical Warfare, November 30.

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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