Vietnam morning news for October 16

Vietnam morning news for October 16

Vietnam morning news

Hanoi targets all online public services to reach advanced stages by year-end
Hanoi’s mayor considered IT application in operation of government agencies a key instrument for the city to reform administrative procedures towards greater efficiency.
— The Hanoitimes

Vietnam ranks fifth globally in instant noodle consumption
With the population of nearly 95 million in 2018, a Vietnamese consumes nearly 55 instant noodle packets per year, higher than the world’s leading nations in instant noodle consumption, including China with an average of 31 packets for person, Indonesia with 46.4 and Japan with 45.8.
— The Hanoitimes

Australia bars Vietnamese woman for failing to declare raw pork
Australia has refused entry to a Vietnamese woman for failing to declare 10kg of raw pork, seafood and poultry on arrival in Sydney, its first expulsion under a more strict biosecurity law, authorities said on Tuesday.
— Bangkok Post

Vietnam’s wood firms should apply technologies to increase competitiveness
Chairman of the Handicrafts and Wood Industry Association of Ho Chi Minh City (HAWA) Nguyen Quoc Khanh said Vietnam’s wood processing firms should apply technologies and take heed to production models to increase competitiveness.
— Sggp News

Transnational expressway investor selection to take until August 2020
Switching from an international to a domestic tendering process for the North-South Expressway means it will take at least until August 2020 to complete.
— VnExpress

VN textile industry hit by trade war
Vietnam’s textile industry faces many difficulties with both export and production on the decrease due to effects of an intensified Sino-US trade war, said industry experts.
— The Phnom Penh Post

Data localisation requirements narrowed in Vietnam’s cybersecurity law
ON 1 January 2019, when Vietnam’s Law on Cybersecurity came into effect, there were concerns among foreign and Vietnamese enterprises with a business interest in Vietnam that they would be caught under the law’s data localisation requirements despite not having a physical presence in Vietnam.
— Business Times

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

Vietnam’s high-ranking military delegation visits EU
Vietnamese Minister of National Defence General Ngo Xuan Lich is leading a high-ranking military delegation to visit the European Union (EU) from October 14-19.
— VietnamPlus

VPBank buys back nearly 25 million shares
The Việt Nam Prosperity Joint Stock Commercial Bank (VPB) has bought back 24.7 million shares, equivalent to 49.5 per cent of the registered amount, in the period from October 2 to 11.
— Viet Nam News

Vietnam’s IP Challenges and Economic Substance
Vishwa Sharan and Nguyen Dinh Du, of Grant Thornton Vietnam, discuss the key transfer pricing issues for multinational enterprises to consider when structuring intellectual property assets in Vietnam.
— Bloomberg Tax

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

Agriculture sector expands by 2.02% in nine months
Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến told a press conference in Hà Nội on October 14 that the agriculture sector expanded by 2.02 per cent in the first nine months of this year despite the impact of African swine fever.
— Viet Nam News

Vietnam Online Classifieds Market Outlook to 2023
“In 2018, Vietnam’s nominal GDP per capita reached USD 2,211, an increase of 5.4% compared to 2017. A solid increase in GDP per capita suggested that an average Vietnamese have more disposable income to spend, which acted as one of the major growth factors for online classifieds market in the country”.
— Vietnam Insider

Vanguard Bank an extension of Vietnam’s land mass, beyond dispute: experts
Experts say there are geological, geographical and legal grounds to prove the Tu Chinh (Vanguard) Bank is indisputably Vietnamese territory.
— VnExpress

Businesses support overtime cap increase for workers
Export businesses have backed a government proposal to increase the annual overtime cap for workers, saying it would help during the peak production season.
— VnExpress

Remitting Profits in Vietnam: A Step by Step Guide
Once a company makes a profit and is able to meet the basic requirements for remittance as mentioned in our introductory article, challenges will remain with respect to ensuring that the remittance process goes smoothly.
— Vietnam Briefing

Cambodia backs Vietnam’s first-ever aviation expo
Cambodia has expressed its strong support for the holding of Vietnam’s first aviation expo.
— Khmer Times

Vietnam-UAE trade and investment forum kicks off in Hanoi
The Vietnam-UAE Trade and Investment Forum kicked off in Hanoi today in the presence of Sultan bin Saeed Al Mansouri, Minister of Economy, and Tran Tuan Anh, Minister of Trade and Industry of Vietnam.
— Khaleej Times

Vietnam’s seven universities internationally recognized
According to the Quality Control Department under the Ministry of Education and Training has announced seven internationally recognized universities and their standard training programs.
— Sggp News

Tan Hiep Phat Beverage Group 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.
— Vietnam Insider

Vietnam among rising stars of global trade: Standard Chartered
Việt Nam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth, according to a recent report by Standard Chartered.
— Viet Nam News

Confessions of a cannabis farmer: The Vietnamese getting UK high
Gang members and migrants from Vietnam keep Britain’s multi-billion dollar marijuana industry running.
— Aljazeera

Hanoi form 15 additional police task force teams to prevent infringements
The task force will deal with all acts of obstruction or resistance with determination without compromising their safety or that of lawbreakers and people on the streets.
— The Hanoitimes

Việt Nam, China boost tea and coffee production co-operation
Việt Nam wants to promote co-operation in production and consumption of tea and coffee with China, said Minister of Agriculture and Rural Development (MARD) Nguyen Xuân Cường at forum held in Hà Nội on Monday.
— Viet Nam News

Expert warns of impact of Vietnam’s slowing industrial activities on GDP growth
The last time the month-on-month industrial production index (IPI) fell and the headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) was as low as 50.5 in September, GDP growth of the first and second quarters in 2016 slowed to 5.5%.
— The Hanoitimes

Remittances to HCM City by overseas Vietnamese top US$3.8 billion
Remittances to HCM City by overseas Vietnamese in the first nine months of this year were worth at US$3.8 billion, a 7 per cent increase year-on-year, according to figures from the State Bank of Việt Nam’s city branch.
— Viet Nam News

Volunteers clean up garbage in Hà Nội
Two tonnes of garbage were collected from under Long Biên Bridge in Hà Nội over the weekend by around 200 volunteers.
— Viet Nam Net

Vietnam’s youth need to upskill
Generation Z (Gen Z) is entering the workforce and business leaders must stay ahead to harness this new wave’s talents and appeal to their interests. According to McKinsey, Gen Z is the cohort born between 1995 and 2010, and are currently between the ages of nine and 24-years old.
— The Asean Post

City welcomes British investment in long-term projects
HCM City authorities will create favourable conditions for investors who want to make long-term investments in the city, especially those from the UK, an official said on October 14.
— Viet Nam News

Potential for attracting FDI in Hanoi remains large: Prof. Nguyen Mai
Talking to Economic & Urban newspaper, Prof. Dr. Nguyen Mai, Chairman of the Association of Foreign Invested Enterprises (VAFIE), affirmed that the potential for attracting FDI into Hanoi is still huge in the years ahead.
— The Hanoitimes

Grab has started piloting on-demand bus services in southern Vietnam
Grab starts on-demand bus service pilot program in southern Vietnam as part of ongoing efforts to build its super-app ecosystem in the country.
— Vietnam Insider

Australia Bans Vietnam Traveler Over Suitcase Stuffed With Food
Australia banned a traveler from visiting for three years after she failed to declare her suitcase was packed with food, including products that risk introducing a pig-killing virus.
— Bloomberg

Total pig herd remains at around 25 million pigs
The prices of pork have been skyrocketing, forcing several families to replace pork by poultry meat. Meanwhile, the Ministry of Agriculture and Rural Development assured that the shortage of pork was merely around 200,000 tons, while other sources forecast a shortage of 500,000 tons of pork.
— Sggp News

NST Region: Vietnam a ‘rising star’ in SEA global trade
VIETNAM has been classified as among the “rising stars” in global trade in Southeast Asia, topping a list of economic performers in the region.
— New Straits times

Contactless payment could be next big thing in Vietnam: experts
Contactless payment is becoming trendy in Vietnam thanks to the growth of technology and the country’s young population.
— VietnamPlus

PM: Developing collective economy must start from people’s demand
Prime Minister Nguyen Xuân Phúc has said developing the collective economy must start from the demands of the people.
— Viet Nam News

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

Trade news, profit report boost VN markets up
Vietnamese shares scored higher on Monday as investors were eased by positive statements of the US and China about their trade relations and some earnings reports helped cushion the sentiment.
— Viet Nam News

Work begins on Vietnam’s first hi-tech medical and healthcare complex in Hanoi
The complex, which is designed as the first and most modern of its kind in Vietnam, embraces five facilities including a centre for preventive medicine and early diagnosis, a 1,000-bed hospital, a sanatorium and a rehabilitation centre using Western and Vietnamese treatment methods, a research and development centre, and a geriatric centre and nursing home.
— Tech Ein News

Bắc Giang opens consulting and assistance centre for businesses
The Business Association of Bắc Giang Province launched its Bắc Giang Enterprise Consulting and Assistance Centre on October 13, on the 15th anniversary of Vietnam Entrepreneurs Day (October 13).
— 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).

 

 

About Vietnam morning news.

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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