Vietnam morning news for September 19

Vietnam morning news for September 19

Vietnam morning news

Vietnam to Abolish Import Tax on Crude Oil From November
Vietnam will abolish an import tax on crude oil from November, the government said on Tuesday, as the Southeast Asian country becomes more reliant on imported crude for its refineries.
— Irrawaddy

Foreign Investors in Vietnam: New Regulations on Foreign Exchange Management
The Vietnamese government’s new regulations on foreign exchange took effect on September 6. Circular No 06/2019/TT-NNN (“Circular 6”) now governs foreign exchange in foreign investment activities in the country.
— Vietnam Briefing

Vietnam Becomes a Victim of Its Own Success in Trade War
Vietnam is finding it’s hard to win a trade war even when businesses are trying to hand you victories.
— Bloomberg

Viet Nam needs to target halal markets
Viet Nam has missed out on US$23.6 billion in exports to halal markets, according to experts who spoke at a seminar on standards needed for Halal certification.
— Viet Nam News

Vietnam ranks 8th among world’s top 29 economies to invest in
State-owned enterprises and agriculture, which once monopolized the economy, are losing prominence as the nation works to achieve sustainable development through more open trade and industry.
— The Hanoitimes

Vietnam aviation industry craving for highly-qualified manpower
Vietnam`s aviation market is regarded as one of the most thriving in the world over the past decade with the average turnover growth of 17.4%, twice the rate of 7.9% througout Asia, according to the International Air Transport Association (IATA).
— The Hanoitimes

Vietnamese growers expand dragon fruit acreage
In 2018 and in the first nine months of 2019, the prices of dragon fruit have always been at lower level in comparison with those in previous years.
— Fresh Plaza

Vietnam mobilizes nearly US$70 billion for PPP projects over last 22 years
A specialized law on public private partnership (PPP) is necessary to avoid overlapping regulations stipulating PPP investment activities, said Minister of Planning and Investment Nguyen Chi Dung.
— The Hanoitimes

A flight from Vietnam to South Korea was delayed for 11 hours after the pilot arrived at the airport without his passport
The flight, operated by the South Korean budget airline T’way Air, was supposed to take off at 10:35 p.m. local time on Friday but ended up being delayed until 9:40 a.m. on Saturday, The Korea Times reported.
— Vietnam Insider

Competition in airline industry set to intensify
Increasing numbers of airlines and aircraft are putting serious pressure on Vi?t Nam’s aviation infrastructure. As competition for market share and skilled labour intensifies, the Government must take measures to ensure a fair playground and long-term development, said industry experts and authorities.
— Viet Nam News

Energy firms drive VN-Index up for 4th day
Vietnamese shares advanced for a fourth straight day as oil and gas stocks were boosted by a jump in oil prices overnight.
— Viet Nam News

What is the state of Vietnam’s e-commerce industry?
Regional e-commerce players largely are beating local startups, but Tiki.vn is lined-up for a huge 2018.
— e27

Vi?t Nam bond market continues growth
Viet Nam’s local currency bond market grew 2.6 per cent to $52.9 billion in local currency terms in the second quarter of this year, after a 0.7 per cent expansion in the first quarter.
— Viet Nam News

Central city looks for more air routes in 2020
The central city will co-operate with travel agencies and airlines in launching new direct and chartered flights connecting Ðà Nang with Korea, Jakatar, Indonesia, Phnom Penh, Haneda, Japan, Taiwan, India, Australia and Russia from next year.
— Viet Nam News

Vietnamese firms to attend India-CLMV trade meeting in India
Vietnamese business delegations will attend the first meeting between sellers and buyers of India and CLMV countries (Cambodia – Laos – Myanmar – Vi?t Nam) in India next month.
— Viet Nam News

Russian firms come looking for business in Viet Nam
A delegation of executives from 20 Russian companies in the agricultural and technology sectors met with executives from 60 Vietnamese companies in HCM City yesterday to explore business opportunities.
— Viet Nam News

Asanzo resumes operation, opens another factory
CEO of Asanzo Vietnam Electronics JSC, Ph?m Van Tam announced in Hà N?i yesterday that his business was vindicated and would return to operations from September 17.
— Viet Nam News

Dung Quot Oil Refinery finds potential crude oil exporters
Leaders of Dung Quot Oil Refinery met potential exporters of crude oil at an international conference in Singapore last week.
— Viet Nam News

VN-Bangladesh to boost trade cooperation
The economic relationship between Vi?t Nam and Bangladesh has seen many positive changes in recent years, especially after the establishment of the Joint Trade Committee with the first meeting held in April 2015.
— Viet Nam News

Lang Son aims to attract $3.43b in investment
The northern border province of Lang Son plans to sign memorandums of understanding on more than 100 projects worth nearly VNÐ80 trillion (US$3.43 billion) at the upcoming investment promotion conference to be held here later this month.
— Viet Nam News

Former mining firm chairwoman prosecuted for stock manipulation
The Hà Noi People’s Procuracy has prosecuted the former chairwoman of the Bình Thu?n Mineral Industry Joint Stock Company for price manipulation.
— Viet Nam News

Masan Resources to acquire German tungsten business
Masan Tungsten Limited Liability Company, a wholly owned subsidiary of Masan Resources Corporation, has signed an agreement to buy the tungsten business of Germany’s H.C. Starck Group GmbH.
— Viet Nam News

With a different position from previously, Vietnam needs more comprehensive strategies
Vietnam’s position has grown different from previously, triggering the need to transform the economy towards creative innovation, focusing on human capital, developing infrastructure and livelihoods for the people, improving productivity, inclusive development, and building a self-reliant economy in which all the people benefit from the development process.
— NDO

Vietnam wins first prize at the Nature Conservancy’s Global Photo Contest
Vietnamese photographer Le Van Vinh has won the first prize in the ‘people in nature’ category at the 2019 global photo contest launched by the Nature Conservancy for his photo titled ‘Dance in the Sea’.
— NDO

Boosting Vietnam – US business cooperation
The Vietnam Union of Friendship Organisations held the Vietnam – US Business Roundtable in Hanoi on September 17, which featured investment opportunities in Rockingham County, Virginia, the US.
— NDO

Int’l wood fair opens in Vietnam’s HCM City
The 2019 International Woodworking Industry Fair kicked off here Wednesday, featuring 493 firms from 32 countries and regions.
— Xinhua

Health benefits of palm oil boost demand in Vietnam
Vietnamese cooking and lard are inseparable, but over 20 years ago, health authorities in the country embarked on a mission to find a healthier substitute for pig fat.
— FMT

IFC agrees $87.5M loan for Vietnam, Lao tourism
Bim Land Joint Stock Company, a property developer under BIM Group, has reached an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, for a loan of up to $87.5 million to develop tourism infrastructure in Vietnam and Laos.
— The Phnom Penh Post

Vietnam’s local currency bond market continued to expand in Q1 2019: ADB
Vietnam’s local currency bond market continued to expand during the second quarter of 2019, growing 2.6% on-quarter in local currency terms, after a 0.7% expansion in the first quarter, to US$52.9 billion.
— NDO

Vietnam deal brings Magnolia LNG one step closer to construction
Earlier this week Magnolia LNG announced it’s reached a 20-year sale and purchase agreement with Vietnam to supply a power project in the Southeast Asian country.
— Kplctv

Vietnam shoots past renewable energy target
Renewables account for 9 percent of Vietnam’s energy mix now, already surpassing the target of 7 percent set for 2020.
— VnExpress

Vietnam, Russia promote collaboration in crime combat
Minister of Public Security General To Lam hosted a reception for Minister of Internal Affairs of Russia Kolokoltsev Vladimir Aleksandrovich in Hanoi on September 17.
— VietnamPlus

Yinson suffers FPSO cancellation in Vietnam
Malaysian FPSO operator Yinson Holdings has announced that its joint venture company PTSC Ca Rong Do has suffered a termination of a 10-year FPSO charter contract worth $1bn by Talisman Vietnam.
— Splash247

Chances for Vietnam universities after world rankings
For the first time, three Vietnamese universities have been named in the Times Higher Education’s World University Rankings.
— VietnamPlus

Binh Duong to continue host Horasis Asia Meeting 2019
The People’s Committee of Binh Duong province announced on September 18 that it will continue to host the Asian Economic Cooperation Forum 2019 (Horasis) scheduled for November 24-26 this year.
— NDO

Wood industry trade fairs open in Ho Chi Minh City
The 13th Vietnam International Woodworking Industry Fair (VietnamWood) opened alongside with the Vietnam International Furniture Accessories, Hardware & Tools Exhibition (Furnitec) on September 19 in Ho Chi Minh City.
— NDO

Exchange promotes Vietnam-US fisheries and trade ties
The Vietnamese Embassy in the United States, in coordination with the National Fisheries Institute (NFI) of the US, held a fisheries and trade exchange with NFI members in Washington DC on September 17 on the occasion of the NFI’s policy consultation week with the US Congress.
— NDO

Vietnam asks Interpol to issue red notice for fleeing businessman
The Ministry of Public Security (MPS) has asked the International Criminal Police Organisation (Interpol) to issue a red notice for the owner of the Nhat Cuong Mobile store chain, Bui Quang Huy, who was charged with smuggling and violating regulations of accounting, causing serious consequences.
— VietnamPlus

E-government, smart city – an inevitable trend for Hanoi: Chairman
This is the only way of going forward to improve productivity, as well as the quality and efficiency in state governance, said Chairman of the Hanoi People’s Committee Nguyen Duc Chung.
— The Hanoitimes

 

 

Feature photo James Mason-Hudson

This week’s Vietnam morning news feature photo focus on regional parliament houses.

 

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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