Vietnam Morning News For October 17, 2019

Vietnam acts to stabilise pork prices until Tet holidays
Deputy Prime Minister Vuong Dinh Hue, who is also head of the National Steering Committee on Price Management, has recently issued instructions to authorities to cope with rising pork prices.
— VietnamPlus

U.S. Presses Vietnam on Food Imports to Narrow Trade Gap
Vietnam must clear the backlog of U.S. imports, especially farm goods, to narrow the two countries’ trade imbalance, a U.S. agricultural official said as U.S. farmers seek to make up for lost sales in the trade war with China.
— BloombergTax

Local leaders responsible for stopping illegal fishing
Local authorities played a crucial role in Vi?t Nam’s campaign to combat illegal, unreported and unregulated (IUU) fishing and therefore must be held responsible and accountable for setbacks and violations committed in their localities, said Deputy Prime Minister Tr?nh Ðình Dung at a meeting yesterday in Hà Noi.
— Viet Nam News

VIB’s profit after-tax reached VND2,332 billion in the first 9 months of 2019
Vietnam International Bank (VIB) today announced its business results for the first nine months of 2019. Besides financial activities, prestigious international organizations also rates VIB highly on other business activities and services.
— Vietnam Insider

Vietnam urges restraint amid maritime tensions with China
Vietnamese President and Communist Party chief Nguyen Phu Trong has called for restraint in the disputed South China Sea amid a tense months-long standoff between Chinese and Vietnamese ships, state media reported on Tuesday.
— Yahoo news

Vietnam is one of the easiest places to start a business in Southeast Asia: Olam
A big advantage was Vietnam’s absence of tariffs and its position as a “gateway” to ASEAN.
— The Hanoitimes

Vietnam makes list of top three investors in Cambodia
Foreign investment in Cambodia has increased rapidly over the past years and Vietnam is among thethree largest investors in the country.
— NDO

Vietnam targets to lower bad debt ratio to below 3% by 2020
From the government’s point of view, bad debt resolution must be based on market principles and risk sharing mechanism.
— The Hanoitimes

Vietnam among top 10 Asia-Pacific tourist destinations
Vietnam is one of ten top Asia-Pacific tourist destinations and fourth in Southeast Asia after Thailand, Malaysia and Singapore.
— VnExpress

Vietnam sets up cybersecurity emergency response centre
The centre will coordinate responses to security incidents and verify information security nationwide.
— OpenGovAsia

Chinese illegal activities hinder COC negotiation process: Vietnamese diplomat
This is not the first time Vietnam expressed concerns about China’s violations in the South China Sea.
— The Hanoitimes

Outdated policies deter Vietnam’s sharing economy development
It is necessary to identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport.
— The Hanoitimes

Hanoi’s tap water contaminated with styrene: Mayor
Initial test results show that the levels of styrene in the contaminated water were 1.3 – 3.6 times higher than normal, which can potentially negatively affect people’s health.
— The Hanoitimes

Viet Nam gives $523,000 to Cambodia for search of remains of Vietnamese soldiers
The Vietnamese Government has given US$523,000 to the Cambodian Government to assist in a joint effort to search, excavate and repatriate the remains of Vietnamese volunteer soldiers who fell in the war in Cambodia.
— Viet Nam News

Vietnam to resolutely return foreign waste containers: PM
Prime Minister Nguyen Xuan Phuc stressed on October 15 that the Government will take more drastic actions to protect the environment, including returning imported containers of waste to their source countries.
— VietnamPlus

Consistent policies key to draw foreign investment: officials
European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection.
— Viet Nam News

Viet Nam hopes for more economic cooperation with UAE
Minister of Industry and Trade Tran Tuan Anh has revealed plans are afoot to promote economic, trade and investment ties with the United Arab Emirates (UAE).
— Viet Nam News

Vietnam and Australia to Work Together on Scientific Projects
From sea cucumbers to cancer research, Vietnam and Australia will start collaborating on science initiatives that are meant to show how innovation can be used to spread out the benefits of economic growth evenly to more of the population.
— VOA

Vietnamese begin investing abroad to diversify portfolio
More and more Vietnamese are looking for opportunities to invest in property abroad to diversify their portfolio, according to experts.
— Viet Nam News

Transimex (TMS) to pay dividend at rate of 25 per cent
Transimex Corporation (TMS) plans to pay 2018 dividends in cash and shares with a ratio of 25 per cent, of which 10 per cent is in cash and 15 per cent in shares.
— Viet Nam News

Consistent policies key to drawing foreign investment: officials
The stability of the regulatory system is key to luring foreign investment into Vietnam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said.
— VietnamPlus

Credit slowdown causes concern about access to bank loans
Viet Nam’s credit growth is slowing and can fall behind the central bank’s target of 14 per cent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.
— Viet Nam News

Modern Energy Management gets job on 21-MW wind project in Vietnam
Thai project management and engineering firm Modern Energy Management Co Ltd (MEM) said today it is supporting an unnamed company in buying and developing a 21-MW wind project in Vietnam.
— Renewables Now

UN has crucial role in Vietnam: diplomat
Deputy Foreign Minister Le Hoai Trung has highly appreciated support of United Nations) agencies and organisations for Vietnam while affirming the UN has a crucial role in Vietnam.
— VietnamPlus

Vietnam Business Summit 2019 opens in HN
The Vietnam Business Summit 2019 (VBS 2019), one of Vietnam’s biggest international business-related events, opened in Hà N?i today.
— Viet Nam News

Low costs in Vietnam a big benefit for Blackstone’s likely nickel development
BLACKSTONE Minerals MD Scott Williams expects operating costs to be significantly lower at the future Ta Khoa nickel development in Vietnam than in other jurisdictions and says the company is “well advanced” in discussions with end users interested in backing the nickel sulphate venture.
— Mining News

Experts: VN should improve rice quality in long-term strategy
Experts believe Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future.
— The Phnom Penh Post

Fair on farming products opens in Hòa Bình next month
A fair on agriculture and products under the One Commune One Product (OCOP) programme in the North will be held in Hòa Bình Province from November 1 to November 5.
— Viet Nam News

Vietnam’s Vinfast to secure F1 race headline partnership
As well as naming rights to the event, Vinfast’s deal will see it design the trophy for the inaugural race, which will be presented on the podium by key company representatives. Ed Dixon reports on Sport Pro Media.
— Vietnam Insider

Low rainfall worsened air quality in Hà N?i
Last September recorded the lowest rainfall in the last six years, triggering air pollution and increasing the concentration of PM2.5, the Ministry of Natural Resources and Environment announced on Monday.
— Viet Nam Net

HCM City’s District 9 to get Sense City shopping mall
Saigon Co.op has signed an agreement with the East Saigon Investment Corporation (DSG) to open a Sense City shopping mall at the Saigon Hi-Tech Park in HCM City’s District 9.
— Viet Nam News

Vietnam, South Africa enhance economic, trade links
The Vietnam – South African joint trade sub-committee convened the fourth session in Hanoi on October 16 to seek ways to bolster bilateral economic and trade partnerships.
— VietnamPlus

Worker exodus worries Bình Duong Province, Japanese companies
More welfare policies are needed to attract workers to the southern province of Bình Duong and persuade them to stay, a meeting between province authorities and Japanese business executives working locally heard on Tuesday.
— Viet Nam News

HCM City seeks to better protect Ðang Nai River Basin
The HCM City People’s Committee has petitioned the Government to draft a master plan for the protection of the Ðang Nai River Basin.
— Viet Nam Net

Vietnamese high-quality products fair opens in Cà Mau
A Vietnamese high-quality goods fair opened in Cà Mau Province on October 15 with the participation of 150 domestic enterprises.
— 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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