Vietnam morning news for October 24

Vietnam morning news for October 24

Vietnam morning news

Vietnam orders car importer to ditch disputed China app
Country’s automobile registrar calls for removal of ‘nine-dash line’ map from Chinese-made cars.
— FMT News

Vietnam Airlines has received its 100th aircraft
The airline’s first two of these aircraft have shown remarkable efficiency in operating more than 140 flights, with approximately 83,000 passengers, on the Hanoi – Ho Chi Minh City and Vietnam – Korea routes.
— Vietnam Insider

Vietnam guarantees foreign investor rights with amended laws
The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.
— Vietnam Insider

Loans to BOT infrastructure projects pose risks of bad debts: Governor
The governor of the State Bank of Vietnam (SBV) has been concerned about a large amount of outstanding loans for build-operate-transfer (BOT) and build-operate (BT) infrastructure projects at risk of turning to be non-performing.
— The Hanoitimes

Tax liability reaches US$3.9 billion with nearly half being uncollectable
More than 771,400 tax payers had left their offices registered to the tax agency, owing more than VNĐ24 trillion worth of late taxes to the State.
— Viet Nam News

Profits tumbling for Vietnam’s exporters as US abandons pangasius
Vietnam’s pangasius exporters are struggling as shipments to the United States and other potential markets have drastically slowed in 2019.
— Seafood Source

Vietnam Airlines mulls selling stake in Cambodia’s flag carrier
Vietnam Airlines is considering unloading its ownership stake in Cambodia Angkor Air in light of the stiff competition the Cambodian carrier is facing.
— Khmer Times

Vietnam should be cautious about environmental impact investment: JICA
The government of Vietnam should be careful in choosing investment projects which cause impact on environment amid rising Chinese inflows resulted from the US-Sino trade tensions, Chief Representative of the Japan International Cooperation Agency (JICA) Konaka Tetsuo has said.
— The Hanoitimes

Vietnam’s Improving Competitiveness: 2019 Global Competitive Index
Vietnam jumped 10 places to rank 67 and was among economies that have improved the most globally from last year’s standings according to the 2019 Global Competitive Index.
— Vietnam Briefing

Mega project invites domestic investors to bid
The mega infrastructure project North-South Expressway has started inviting domestic enterprises to apply for bidding, a month after the Ministry of Transport ruled foreign companies ineligible to participate in the project.
— Viet Nam News

Automobile industry needs special policies to raise competition
Việt Nam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hà Nội on Tuesday.
— Viet Nam News

Vietnam among world’s top 10 remittance recipients in 2019: World Bank
Vietnam is forecast to rank ninth among the largest remittance beneficiaries in 2019 with an inflow of nearly 16.7 billion U.S. dollars, according to the World Bank’s latest data.
— Xinhua

Industry white paper recommends focus on R&D, efficiency to improve value
In spite of strong growth over the last decade, Việt Nam’s industrial sector must start investing in R&D, finding ways to improve manufacturing efficiency and transforming into one capable of producing high-value-added products.
— Viet Nam News

Vietnam’s reform experience shared at high-level dialogue in Tanzania
Economist Le Dang Doanh, former head of Vietnam’s Central Institute for Economic Management, presented the Southeast Asian country’s reform policies and achievements over the past three decades at a recent high-level dialogue that focused on development measures for Tanzania.

ABBANK reports $36.97 million profit in first nine months
An Bình Commercial Joint Stock Bank has reported a pre-tax profit of VNĐ856 billion (US$36.97 million) for the first nine months of the year, a 30 per cent increase over the same period last year.
— Viet Nam News

Bamboo Airways launches its first international route
Bamboo Airways has begun operating direct flights from central Da Nang City to Seoul, its first regular international route.
— VnExpress

Investors should take a look at divestment in water sector
Recent reports of contaminated tap water have caused great public concern across Viet Nam, the latest issue for investors in a sector the State is divesting from.
— Viet Nam News

Việt Nam, RoK agree to boost co-operation in energy, industry, trade
The RoK will continue to support Vietnamese textile producers in improving their digital design capacity.
— Viet Nam News

Seminar discusses ways to add value to farm produce
Improving production technologies, designs and packaging are among the important factors that could add value to Vietnamese farm produce, businesses have said.
— Viet Nam News

Vingroup automaker makes debut at Vietnam Motor Show
This year’s Vietnam Motor Show opened here Wednesday featuring the country’s newest automaker, a unit of conglomerate Vingroup, among 15 foreign and domestic brands.
— Nikkei Asian Review (paywall)

Chinese investors make a beeline for Vietnam’s luxury real estate, until their passports run into a wall over South China Sea dispute
Under Vietnamese law, foreign buyers are required to submit their passports to secure a document from the government to grant them ownership of a flat.
— Yahoo News 

Capital city hosts Vietfood & Beverage – Propack 2019
Covering a total area of 4,500sq.m, the upcoming expo will showcase agro-forestry-fisheries products, processed foods, nutritional food, supplements, food additives, beverages and pharmaceutical ingredients.
— Viet Nam News

Đà River water safe for consumption: official
Chief of staff of the Hà Nội People’s Committee Vũ Đăng Định said water from the Đà River was safe at a meeting yesterday in the capital.
— Viet Nam Net

Vietjet offers millions of discounted tickets in all flight network
“Vietjet’s promotions aim to bring more flying opportunities for domestic residents and international travelers, the airline’s vice president Nguyen Thanh Sơn said.
— Viet Nam News

Vietnam, China forge defence cooperation
Deputy Secretary of the Central Military Commission and Minister of Defence Ngo Xuan Lich met with Xu Qiliang, Vice Chairman of the Central Military Commission of China, on the sidelines of the 9th Beijing Xiangshan Forum in the Chinese capital city on October 22.
— VietnamPlus

Saigon commercial rents up 5.8 percent
Average monthly rents for retail space in Saigon’s central business district (CBD) reached $135.5 per square meter in Q3, up 5.8 percent year-on-year.
— VnExpress

ViettelPay co-operates with Singaporean healthcare app
Representatives of Doctor Anywhere Việt Nam Joint Stock Company (Doctor Anywhere) and Viettel Digital Services Corporation, ViettelPay management unit, signed a strategic co-operation agreement.
— Viet Nam News

Veteran helps the environment with military precision
A veteran assumes a new role with the same military precision as when he was in the navy, launching a campaign to classify garbage before it was recycled.
— Viet Nam Net

Vietnam welcomes SoftBank’s investment expansion
Vietnam’s Prime Minister Nguyen Xuan Phuc welcomed SoftBank – the largest financial services group of Japan – to expand investment in the country, which has an increasingly improved business environment and the fastest economic growth in the region and the world.
— Vietnam Insider

TH Milk JSC is the first Vietnamese firm to export dairy products to China
A ceremony was held in Hanoi on Tuesday to announce the export of Vietnam’s first batch of milk to China.
— Vietnam Insider

4 Must-Visit Cultural and Historical Sites in Da Nang
Da Nang is one of the fastest-developing cities in Vietnam, with a strategic location that makes it a valuable port city and transport hub.
— Vietnam Insider

Over 80% of executives in Vietnam’s manufacturing businesses seek new jobs
Experienced candidates, aged 40 and over, are expected to have the highest demand for jobs by the end of 2019.
— The Hanoitimes

Shopee says to engage more with customers as 11.11 Big Sale returns
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, will make online shopping more engaging and social for everyone in the region, Chris Feng, its CEO, said.
— Viet Nam News

VN stocks lifted by banks
Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG) and Militayr Bank (MBB) were the strongest gainers.
— Viet Nam News

Vietnam’s auto industry needs breakthrough policies to close gap with regional peers
Without the presence of strong policies, Vietnam faces the risk of losing the majority share of domestic car markets to foreign players, said an expert.
— The Hanoitimes

Cambodia, Vietnam sign tourism deal
The travel agent associations of Cambodia and Vietnam’s Ba Ria-Vung Tau province on Monday signed an agreement that aims to boost the flow of tourists between the two countries.
— Khmer Times

Improving medical system attracts foreign patients
Many Vietnamese go abroad to seek medical treatment, but there is an increasing flow of patients in the opposite direction too.
— VnExpress

Childhood malnutrition and obesity in Vietnam
Children around the world are not getting the nutrients they need, undermining their capacity to grow, develop and learn to their full potential.
— The Asean Post

Major restaurant chain shuts down
Mon Hue, a major Vietnamese restaurant chain with around 100 outlets nationwide, has shut down without notice, apparently unable to pay its dues.
— VnExpress

MONRE to survey Mekong Delta’s subsidence
The Ministry of Natural Resources and Environment plans to make a full inspection of subsidence in the Mekong Delta provinces between 2020 and 2025.
— Viet Nam Net

Shares slide on selling pressure
Shares declined on Wednesday morning as large-caps were hit by selling pressure.
— Viet Nam News

Domestic automobile industry in need of policies to raise competitiveness
Vietnam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hanoi on October 22.
— VietnamPlus

Việt Nam, Mexico to boost agriculture and seafood co-operation
Việt Nam Chamber of Commerce and Industry (VCCI) vice chairman Đào Duy Khương said Việt Nam considers Mexico an important partner.
— Viet Nam News

Action plans for marine turtle conservation
Việt Nam had been committed to protecting endangered turtles and issuing action plans to boost biodiversity since it became signatory to the Indian Ocean-Southeast Asia (IOSEA) Marine Turtle Memorandum of Understanding in 2001
— Viet Nam Net

Mr Jeff to open 30 franchise stores in Viet Nam this year
Spanish laundry services start-up Mr Jeff has announced plans to license 30 franchisees this year with the first 15 to open in major cities and provinces like Ha Noi, HCM City, Hai Phong, Da Nang, and An Giang.
— Viet Nam News

Hanoi promotes investment, trade and tourism in London
The Hanoi Investment, Trade and Tourism Promotion Conference was held in London, the United Kingdom, on October 22, attracting a large number of British investors.

Vietnamese fashion brands to be showcased at int’l fair
The hottest fashion products and designs from exhibitors and rising designers from Việt Nam will be on display at Hong Kong’s largest one-stop sourcing fashion show to be held from October 27-30.
— Viet Nam News


Feature photo NCIF

This week’s Vietnam morning news feature photo focus on World Development Information Day, October 24.


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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