Vietnam morning news for October 15

Vietnam morning news for October 15

Vietnam morning news

Vietnam blocks ‘Abominable’ film over depiction of Beijing’s nine-dash line in South China Sea
Vietnam has pulled the animated DreamWorks film Abominable from cinemas over a scene featuring a map which shows China’s unilaterally declared “nine-dash line” in the South China Sea, state media reported on Monday.
— South China Morning News

Vietnam spends over US$10 billion paying government debts in Jan-Sep
Upon breaking downs, the government spent VND195.7 billion (US$8.43 billion) on paying domestic debts and VND41.2 trillion (US$1.77 billion) on foreign debts.
— The Hanoitimes

Vietnam Tops List of Trade Performers in ASEAN
Vietnam has just topped a list of economic performers in Southeast Asia, a list that Standard Chartered Bank calls the “rising stars” of global trade based on improvements the countries have made and their future potential.
— VOA

Vietnam to launch 5G technology in Laos
Vietnam will begin a 5G trial service in Laos, aiming to offer the full service in four Southeast Asian nations.
— OpenGovAsia

Vietnam reaps fruits of reform as it advances in global competitiveness
While the competitiveness of many economies in Asia and Asia-Pacific has declined, Vietnam’s score rose by 3.5 and jumped ten places on the 2019 global competitiveness index (GCI) rankings recently released by the World Economic Forum.
— NDO

Vietnam’s auto sales rise 18.4 pct in 9 months
Vietnam’s total automobile sales expanded 18.4 percent on-year to 230,334 units between January and September, the Vietnam Automobile Manufacturers Association said on Monday.
— Xinhua

DBS urged not to fund Vietnam coal plant
A future coal-fired power station in central Vietnam may soon be funded by Singapore’s DBS Bank, according to environmental groups familiar with the matter.
— The Straits Times

Vietnam’s Expensive Housing Risks Affordability Crisis
In some Vietnamese cities, it is not hard to find apartments that cost millions of dollars. But on the same streets, small, poor houses made of metal sheets can be seen.
— VOA

Analysing Vietnam’s international integration and the associated opportunities
From technology to infrastructure and everywhere in between, there are an abundance of investment opportunities for international companies looking at Vietnam. Asia House’s Charlie Humphrey sets the scene
— Asia Outlooking Mag

A 59-year-old woman was fined VND8.5 million (US$365) for stealing a life jacket from a flight
A Vietnamese woman has been slapped with a fine worth VND8.5 million (US$365) for stealing a life jacket from a flight and hid it in her cabin luggage.
— Vietnam Insider

Vietnam’s Tea Maker Seeks $3 Billion to Become the Next Red Bull
Seven years after turning down a $2.5 billion offer from Coca-Cola Co., Vietnam’s biggest homegrown beverage company is seeking a strategic partner that can invest $3 billion to help make it the next Red Bull.
— Bloomberg

Vietnam climbs five spots in postal development rankings
Vietnam jumped five spots in the latest rankings of the Universal Portal Union (UPU).
— VietnamPlus

Central province approves new automotive manufacturing complex
The complex, expected to cost more than VNĐ2.5 trillion (US$107.3 million), will span nearly 50ha at the Chân Mây-Lăng Cô Economic Zone in Phú Lộc District. It will manufacture and assemble cars meeting Euro 4 or higher emissions standards, online newspaper baodautu.vn reported.
— Viet Nam News

Vietnam promotes tourism on Facebook
The Vietnam National Administration of Tourism (VNAT) recently launched a photo contest called #VietnamNOW on Facebook to promote Vietnam’s tourism to the world.
— Vietnam Insider

PM highlights contributions of entrepreneurs to national development
Prime Minister Nguye.n Xuân Phúc praised the important role of the Vietnamese business community in national development at a ceremony in Hà Nội on October 13 to mark the 15th anniversary of Vietnam Entrepreneurs’ Day.
— Viet Nam News

WEF: East Asia, Pacific the world’s most competitive regional economy
Economies of East Asia and the Pacific as a region together outperformed other regions of the world with the highest media score – topped off by Singapore which elevated as the world’s most competitive economy, according to the World Economic Forum (WEF)’s 2019 Report.
— Viet Nam News

Vietnam to revamp Da Nang port
Vietnam is working with Dutch engineering consultancy Royal HaskoningDHV to revamp the port facilities in Da Nang, as well as to make the Mekong Delta more resilient against climate change.
— Dredgingandports

HDI Global SE to buy 4 million shares in PVI
HDI Global SE has registered to buy 4 million more shares of PetroVietnam Insurance (PVI) to increase its ownership in the firm.
— Viet Nam News

Dragon Capital no longer a major shareholder of PV Power
A group of investment funds run by Dragon Capital has sold a total of 1.27 million shares in PetroVietnam Power Corporation (POW), reducing their ownership from 5.05 per cent to 4.99 per cent in the firm.
— Viet Nam News

The rapid increase of high-rise buildings leads to severe traffic congestion in Hanoi
Eight more traffic hotspots have cropped up in Hanoi despite the city’s efforts to improve infrastructure.
— Vietnam Insider

Gov’t proposes naming ACV as investor in Long Thành airport
The Government has proposed naming State-owned Airports Corporation of Việt Nam (ACV) as the main investor for the first phase of Long Thành International Airport in the southern province of Đang Nai.
— Viet Nam News

Foreign firms keen to invest in wide range of sectors in Hanoi: Diplomats
On the occasion of the 65th anniversary of Hanoi’s Liberation and the Vietnam Entrepreneur Day, foreign diplomats recognized the capital city’s efforts to make its investment climate more conducive, and pointed out the sectors in this city that companies from their countries are interested to get engaged in.
— The Hanoitimes

Kido Foods to buy back 2.5 million shares
KIDO Foods (KDF), the frozen foods subsidiary of KIDO Group, has registered to buy back 2.5 million shares, equivalent to 4.46 per cent of the company’s total outstanding shares.
— Viet Nam News

China opens market to three Vietnamese aquatic products
China’s General Administration of Customs has allowed to import additional three species of Vietnamese aquatic products, according to the Vietnamese Ministry of Industry and Trade’s Asia – Africa Market Department.
— Viet Nam News

HCM City housing prices rise on shortage of new supply
Housing prices continue to rise rapidly in HCM City because of a shortage of new supply, increasing population and lack of transport infrastructure in outlying areas.
— Viet Nam News

A visitor’s guide to Ho Chi Minh Mausoleum, a Hanoi highlight
Tran Thi Bao traveled all night by bus to make it to the Ho Chi Minh Mausoleum in time for the 6 a.m. flag raising ceremony.
— CNN

Vietnam’s chemical import up slightly in 9 months
Vietnam poured over 3.8 billion U.S. dollars into importing chemicals and over 3.9 billion U.S. dollars importing chemical products in the first nine months of this year, up 2.2 percent and 7 percent on-year, respectively.
— Xinhua

SeABank (Vietnam) receives B1 Rating from Moody’s
On October 10, 2019, Moody’s announced the results of B1 long-term rating for Southeast Asia Commercial Joint Stock Bank (SeABank) – one of the 15 largest banks in Vietnam with charter capital of VND 9,369 billion (equivalent to more than USD 403 million).
— Yahoo News

SCIC to auction nearly 53 per cent of An Giang Port’s capital
The State Capital Investment Corporation (SCIC) will put up more than 7.3 million shares of An Giang Port Joint Stock Company (CAG) for public auction on the Ho Chí Minh Stock Exchange on October 30.
— Viet Nam News

BEST Inc. enters Vietnam’s market with advanced express delivery services
The company provides technology-enabled parcel delivery and warehousing solutions to address rising e-commerce demand.
— Vietnam Insider

PM highlights contributions of entrepreneurs to national development
Prime Minister Nguyen Xuan Phuc praised the important role of the Vietnamese business community in national development at a ceremony in Hanoi on October 13 to mark the 15th anniversary of Vietnam Entrepreneurs’ Day.
— NDO

Trade war worries lifted, but market growth flat: analysts
Concerns about the US-China trade talks have lifted for now, and investors are turning their attention to third quarter earnings reports and how listed companies will perform in the last three months of the year.
— Viet Nam News

Vietnam’s Bamboo Airways eyes $1b market cap with listing next year
Vietnam’s Bamboo Airways expects a market capitalization of as much as $1 billion at its planned listing in the first quarter next year.
DealStreetAsia

Three more kinds of Vietnamese seafood exported to China
The Asian-African Market Department under the Ministry of Industry and Trade has announced that the General Administration of Customs of China has agreed to allow three more types of Vietnamese seafood to be exported to the country.
— NDO

Hanoi works hard to enhance people-to-people diplomacy
The Hanoi Union of Friendship Organisations (HUFO) has proven its role in enhancing friendship and solidarity, and expanding multi-faceted cooperation between the capital city and other major cities worldwide.
— VietnamPlus

Việt Nam should improve rice quality in long-term strategy
Experts believe Việt Nam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future.
— Viet Nam News

PM issues measures for sustainable development of northern key economic zone
Prime Minister Nguyen Xuan Phuc has signed Directive 25/CT-TG on measures to promote sustainable growth and development of the northern key economic zone.
— VietnamPlus

Nearly 250 enterprises to attend Hà Nội Gift Show 2019
The annual Hà Nội Gift Show 2019 will return to the capital city from October 17-20 with the participation of nearly 250 domestic and foreign exhibitors.
— Viet Nam News

Superlon targets Vietnam plant break-even by next April
Thermal insulation material maker Superlon Holdings Bhd is eyeing more businesses from a new Australian customer that it has started supplying insulation tubes to, which it hopes to help boost the company’s sales and utilisation rate at its new plant in Vietnam.
— The Edge Markets

Nearly 28,000 automobiles sold in September nationwide
According to the Vietnam Automobile Manufacturers Association, automobile consumption was at 27,767 units across the nation in September this year, an increase of 30 percent over the previous month.
— Sggp News

Gender imbalance worsens in Vietnam
The gender imbalance in Vietnam has worsened, with the number of males at birth far outnumbering females.
— New Straits times

Startups advised to Identify core values, develop initiatives for social change
Young entrepreneurs need to understand the core value of their product instead of focusing too much on technology as their competitive advantage, according to the Business Start-up Support Centre (BSSC).
— Viet Nam News

Timo picks up “Best Digital Bank in Vietnam 2019” award.
Timo won the “Best Digital Bank in Vietnam 2019” award at the Asiamoney Awards on September 25 in Singapore.
— Vietnam Insider

HCMC honors 108 enterprises with outstanding products, services
HCMC Union of Business Association (HUBA) last night organized a ceremony to mark the 15th Vietnamese Entrepreneurs’ Day–October 13, honor 108 businesses with 105 outstanding products and 42 services in 2019 and congratulate 57 businesses on their over three-decade sustainable development.
— Sggp News

Việt Nam to train more IC engineers
Việt Nam needs stronger human resources to serve the growing integrated circuit (IC) industry to create greater investment opportunities.
— Viet Nam News

India, VN eye closer co-operation in engineering sector
Significant potential for growth in trade in the engineering sector exists between India and Việt Nam, a top Indian official has said.
— Viet Nam News

 

Feature photo U.S. Dept. of Defense

This week’s Vietnam morning news feature photo focus on International Day of Rural Women, October 15.

 

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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