Vietnam Morning News For September 12

Da Nang makes great efforts to attract investment in local hi-tech businesses
The central coastal city of Da Nang has made great efforts to diversify its solutions to attract investment in local hi-tech businesses. NhanDan Online reports.
— Vietnam Insider

Vietnam’s new regulatory changes to increase market access for foreign investors
The bill, which amends the Law on Investment 2014 and will be discussed at the National Assembly’s eighth session next month, includes the two long-awaited changes regarding foreign investors.
— The Hanoitimes

Asean’s best universities for 2020: Brunei joins Singapore, Malaysia, Philippines
The annual world’s best university rankings from Times Higher Education (THE) has been freshly unveiled with some surprises at the top of the best Asean universities sublist for 2020 due to the increasing ascension by Chinese universities in the global rankings.
— AEC News Today

Ministry, packaging industry join hands to handle plastic waste
The Ministry of Natural Resources and Environment (MONRE) and the Packaging Recycling Organisation Vietnam (Pro Vietnam) inked a deal in Hanoi on September 11 on joint efforts to reduce plastic waste.
— VietnamPlus

Vietnam Airlines grounds Airbus A330 fleet
Vietnam Airlines has stopped operating the wide-bodied Airbus A330 aircraft as it seeks to upgrade its fleet with newer models.
— VnExpress

Vietnam targets 600,000t of maricultured fish by 2030
Vietnam targets production of 600,000 metric tons of offshore marine farmed fish; 100,000t of seaweed; and 100,000t of mollusks, according to its new strategy for sustainable mariculture development, Vietnam News reported.
— Under Current News

Vietnam ranks second in Expat Insider 2019 survey for destinations worldwide
A survey by InterNations, “Expat Insider 2019” ranked Vietnam second out of 64 destinations worldwide.
— Vietnam Insider

Vietnam sales continue to grow in August
New vehicle sales in Vietnam expanded by just over 6% to 20,363 units in August 2019 from 19,158 units a year earlier, according to wholesale data released by the Vietnam Automotive Manufacturers Association (VAMA).
— Just Auto

Vietnam Issues New Circular on Foreign Exchange Control of Foreign Direct Investment Activities
The State Bank of Vietnam on June 26, 2019, issued Circular No. 06/2019/TT-NHNN on foreign exchange control of foreign direct investment activities in Vietnam (Circular 06).
— Lexology

Vietnam enhances cooperation in UN peacekeeping with UK, Thailand
Vietnam wants to exchange experience with Thailand in organising training courses, and promote delegation exchanges on UN peacekeeping operations, a Vietnamese senior officer said on September 10.
— VietnamPlus

Vietnam’s biggest private company gives hard sell to own workers: FT
Vingroup, Vietnam’s biggest private company, is leaning heavily on its own staff to buy or lease its newly launched cars, electric scooters and mobile phones as the real estate group pursues a bold push into heavy industry. Financial Times reports.
— Vietnam Insider

Bars, cafés earn $3.3 bln in revenue
Independent bars and cafés in Vietnam earned VND77.2 trillion ($3.3 billion) last year, up 5.7 percent from 2017, a market research firm says.
— VnExpress

Proactively attracting high-quality FDI capital
The Politburo has issued Resolution No. 50-NQ/TW dated August 20, 2019 on orientations to perfect institutions and policies and to improve the quality and effectiveness of foreign investment cooperation until 2030.
— NDO

Vietnam: Central Highlands’ largest fruit & veg processing centre opened
On September 9, the largest fruit and vegetable processing centre of the Central Highlands was inaugurated in Vietnam’s Gia Lai province. The Dong Giao Foodstuff Export factory complex covers 6ha and is designed to manufacture 52,000 tons of products annually.
— FreshPlaza

Hanoi Launches Global Designer Competition To Rejuvenate Old Buildings And Public Spaces
An initiative in Vietnam’s capital Hanoi has kicked off with the aim to identify design solutions for the renovation of the city’s many dilapidated buildings and neglected public places.
— Investvine

Vietnam, Russia boost cooperation in customs
General Director of the General Department of Vietnam Customs, Nguyen Van Can, held talks with Head of the Federal Customs Service of Russia, Vladimir Bulavin, in Russia’s capital city of Moscow on September 9, within the framework of bilateral cooperation between the two agencies.
— NDO

Turkish Airlines flies directly to 2 Vietnam cities
Turkey’s flag carrier Turkish Airlines started to operate direct flights to two Vietnamese cities — the capital Hanoi and Ho Chi Minh — as of Wednesday.
— AA

Caution recommended in transactions with Morocco’s Eden Agro Food Sarl company
The trade mission at the Vietnamese Embassy in Morocco has recommended Vietnam’s industry associations and export businesses should not conduct transactions with Moroccan company Eden Agro Food Sarl in order to avoid unexpected losses.
— NDO

81 percent of workers want less working hours
81 percent of respondents in an online survey by the Vietnam General Confederation of Labor (VGCL) voted to cut working hours from 48 to 44 hours per week.
— VnExpress

New law a boon for Vietnam M&A
Vietnam’s new competition law took effect on 1 July 2019, and one expert expects it to have a big impact on merger activity in the country.
— Vatage Asia

Banks’ profit growth forecast to slow in 2019
Profit growth of Vietnamese banks in 2019 would be lower than the previous year, but still at a positive level, analysts from the Viet Dragon Securities Company (VDSC) forecast.
— Viet Nam News

Wood processing firms should embrace technologies, rethink production models
Vietnamese wood processing firms need to rethink their production models and embrace technologies to increase their competitiveness amid current and future challenges, delegates said at a seminar held in HCM City yesterday.
— Viet Nam News

Deputy PM urges British conglomerate to invest more in Việt Nam
Deputy Prime Minister Trịnh Đình Dũng has urged the Jardine Matheson Group of the UK to expand investment in Việt Nam, suggesting potential areas such as infrastructure, energy, support industry and tourism.
— Viet Nam News

EducationUSA Graduate Fair 2019 to be held in HCM City
The US Consulate General in HCM City will hold its first-ever EducationUSA Graduate Fair on September 14 at the Reverie Saigon Hotel in District 1.
— Viet Nam News

Vietnam leads global interest in new iPhone
Statistics released by Google on Monday showed that iPhone 11 was most sought in the world by Vietnamese internet users.
— VnExpress

Vietnam August trade surplus jumps on Samsung phone shipments
Vietnam’ trade surplus in August widened dramatically from July, backed by a strong increase in smartphone shipments, as its surplus with the United States continued to increase, government data released on Wednesday showed.
— Yahoo News

Int’l medical, pharmaceutical expo opens in Vietnam’s HCM City
An international exhibition on products, equipment, supplies for medical, pharmaceutical, hospital and rehabilitation kicked off in Vietnam’s Ho Chi Minh City on Wednesday, featuring 25 countries and regions.
— Xinhua

Vietnam commits to fighting the menace of illegal drugs
Vietnam is committed in the fight against illegal drugs, Deputy Prime Minister Truong Hoa Binh said on Tuesday.
— Eleven Myanmar

Hanoi’s mayor requests removal of mercury-stored bulb factory
The whole fire-affected area must be cleaned and Rang Dong JSC must be moved out of Hanoi’s inner area.
— The Hanoitimes

PM welcomes co-operation with Middle East-African countries
Việt Nam always welcomes co-operation with Middle East-African countries for mutual benefit and development, Prime Minister Nguy�…n Xuân Phúc said at a reception in Hà Nội on Tuesday for ambassadors from the Middle East and Africa.
— Viet Nam News

Things you need to know about buying property in Vietnam as a foreigner
There is a common misconception that foreigners or foreign invested companies not allowed to buy, own property in Vietnam. In reality, it is possible.
— Vietnam Insider

Agricultural product trade fair opens in Ho Chi Minh City
The 9th Agricultural Product Trade Fair opened in Ho Chi Minh City on September 10.
— NDO

VN stocks fall amid lack of support
Vietnamese shares fell along with global stocks worried about the world economic recession amid a lack of supporting information among local firms.
— Viet Nam News

Jardine Matheson plans investment expansion in Vietnam
Vietnam remains huge opportunities for foreign investors, while Jardine Matheson would continue to explore investment options in the country’s priority sectors, said the UK-based conglomerate’s executive.
— The Hanoitimes

Việt Nam attends ITU Telecom World 2019
Việt Nam is attending the International Telecommunication Union (ITU) Telecom World 2019, taking place in Budapest from September 9-12.
— Viet Nam News

Events to honour typical rural industrial products
A ceremony aiming to honour and present certificates recognising products as national typical rural industrial products in 2019 and a fair on typical rural industrial products will take place from September 18 to 22 in Hanoi.
— NDO

Vietnam Insider Named Official Media Partner for International Aviation Expo 2019
International Aviation Expo 2019 in Vietnam announced an official media partnership with Vietnam Insider, a Vietnam-based English-language news website.
— Vietnam Insider

Contest offers e-commerce experience for students
A new playground for students to experience e-commerce was launched in Hanoi on September 10 by the Vietnam E-Commerce and Digital Economy Agency in collaboration with Amazon Global Selling and T&T Group.
— NDO

South Korean investors unveil smart urban area plans for Long An Province
With its excellent geographical location for trade and economic development and the potential to become the country’s leading agricultural hub, Long An Province is ideal for developing a smart urban area, according to experts.
— Viet Nam News

Việt Nam should be proactive in coping with natural disasters
As a country highly exposed to droughts, floods and landslides, Việt Nam needs more active prevention instead of just a passive response.
— Viet Nam Net

Project protecting wildlife launched in Hà Nội
A project to strengthen partnerships to protect globally-endangered species in Việt Nam was launched on Tuesday in Hà Nội.
— Viet Nam Net

Feature photo UNICEF Việt Nam/ Trương Việt Hùng

This week’s Vietnam morning news feature photo focuses on World Suicide Prevention Day (WSPD), September 10.

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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