Vietnam Morning News For September 26

Vietnam state utility EVN to borrow $278 mln to expand hydro plant
Vietnam’s state-run utility EVN will borrow up to 6.45 trillion dong ($278 million) to expand a hydroelectric plant near Hanoi, the government said on Wednesday, as the Southeast Asian country grapples with a looming shortfall in its power supply.
— Reuters

Vietnam’s $5 Billion Plan to Neutralize Trump’s Tariff Threats
Vietnam’s campaign to tamp down the Trump administration’s trade gap ire has come to a coastal commune better known for growing dragon fruit along one-lane potholed roads.
— Bloomberg

ADB retains Vietnam’s 2019 economic forecast at 6.8% amid global uncertainties
The economy remains healthy thanks to continued strength in domestic demand and sustained inflows of foreign direct investment, said ADB Country Director for Vietnam Eric Sidgwick.
— The Hanoitimes

Vietnam Closes Bidding on Highway Project, Refusing Investments From China
Vietnam has closed the bidding for work on a major construction project along its northern coast, restricting participation to domestic firms and refusing offers from Chinese and other foreign investors among public fears of growing Chinese influence in the country.
— Radio Free Asia

Vietnam’s real opportunities lie beyond trade war headlines
Vietnam is perhaps the only country that’s looking at the growing trade tensions between China and the United States with a certain level of optimism.
— The Straits Times

Vietnam produces biodegradable plastic bag from waste
Vietnam has started producing biodegradable plastic bags that can break down in less than three years into CO2 and water when buried.
— VnExpress

Foreign investors flock to Vietnam’s exponential growth e-learning market
Experts attributed the big interest among foreign investors in Vietnamese edtech start-ups to the very positive outlook of the country’s online education market.
— The Hanoitimes

Auditors find financial infringements at Hanoi’s first metro project
The project’s total investment ballooned by 205%, from the original estimate of some VND8.7 trillion (US$552.8 million) to more than VND18 trillion (US$868 million).
— The Hanoitimes

North-South Expressway bids open only to Vietnamese investors
The government will invite fresh tenders with lowered criteria for the North-South Expressway from local investors next year after ruling out foreign investors.
— VnExpress

Vietjet named in top 10 corporate governance companies
Vietjet Aviation Joint Stock Co (Vietjet) was recognised as one of the top 10 outstanding corporate governance companies on the Vietnamese stock exchange in 2019 during an awards ceremony in the capital on Monday.
— Viet Nam News

Meteorologists debate cause of fog in HCM City
Meteorologists are debating the cause of the thick fog that has blanketed HCM City and some southern provinces in recent days, which has triggered concerns of residents about worsening air quality.
— Viet Nam Net

Samsung arm increases ownership in Vietnam IT firm to 30 pct
South Korea’s Samsung SDS has bought a five- percent stake on the market in leading IT services provider CMC Corporation.
— VnExpress

Vietnam’s 50 most valuable brands valued at US$148 billion
In the list announced by London-based independent brand valuation and strategy consultancy Brand Finance Corp, the value rose 5% from that in the 2018 ranking.
— The Hanoitimes

VIETNAM STARTS TO CATCH UP WITH CHINESE MANUFACTURING
Outside a former Nokia phone factory in the north Vietnamese province of Bac Ninh, a freshly posted sign advertises jobs for “hardworking, dynamic” workers over the age of 16.
— OZY

Firms vying for Aviva’s S’pore, Vietnam businesses
German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to US$2.5 billion (S$3.5 billion), sources said.
— The Straits Times

Debates on the cause of thick fog blanketed HCM City
Meteorologists are debating the cause of the thick fog that has blanketed HCM City and some southern provinces in recent days, which has triggered concerns of residents about worsening air quality.
— Vietnam Insider

Mechanical engineering industry needs more incentives: PM
Prime Minister Nguyen Xuan Phuc emphasized the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hanoi on September 24.
— NDO

Vietnam Digest: UPGen expands in SEA; VinTech Fund backs science projects
Northstar-backed UPGen plans to open new locations in Bangkok and Kuala Lumpur in the fourth quarter of this year while Vingroup’s VinTech Fund has invested $3.7 million in 12 applied science projects.
— DealStreetAsia

Vietjet, NutiFood CEOs make list of Asia’s Power Businesswomen
Nguyen Thi Phuong Thao, CEO of the Vietnamese budget carrier Vietjet Air, and Tran Thi Le, CEO of NutiFood, were named on Forbes Asia’s Power Businesswomen list this year, which highlights 25 women with significant roles in shaping Asia’s business landscape in the next few decades.
— NDO

Thousands of Vietnamese preorder iPhone 11 models
Thousands of Vietnamese citizens have preordered the latest Apple iPhone models before they are officially released in the country.
— VnExpress

BGF Retail to expand to Vietnam
South Korea’s top convenience store operator BGF Retail on Sept. 25 announced that it will open its first CU outlet in Vietnam next year.
— The Investor

VN solar energy sector a magnet for foreign companies, funds
This month saw the inauguration of the largest solar power plant in Southeast Asia, Dầu Tiếng in Tây Ninh Province, by Dầu Tiếng Energy JSC and Thailand’s B.Grimm Power Public Company limited.
— Viet Nam News

Reservoirs in the north warned of serious water shortage
The Ministry of Natural Resources and Environment has warned that northern localities are facing water shortages as reservoirs are drying up.
— VietnamPlus

More than 91,600 Vietnamese go abroad for work in eight months
More than 91,600 workers were sent abroad for work in the first eight months of this year, or 76.38 percent of the yearly plan, said the Ministry of Labour, Invalids and Social Affairs’ Department of Overseas Labour.
— VietnamPlus

Hanoi committed to creating favorable conditions for Singaporean investors
Investment activities continue to be a priority in cooperation between Hanoi and Singapore.
— The Hanoitimes

Vietnam Mobile Wallet and Payment Market Opportunities Report 2019 Featuring NAPAS, VNPay, MOMO, BankPay, Payoo, AirPay
The “Vietnam Mobile Wallet and Payment Market Opportunities (Databook Series) – Market Size and Forecast across 45+ Market Segments in Mobile Commerce, International Remittance, P2P transfer, Bill Payment, Retail Spend, Consumer Attitude & Behaviour, and Market Risk” report has been added to ResearchAndMarkets.com’s offering.
— PR Newswire

South Korea’s CU convenience store chain to open in Vietnam
South Korea’s CU convenience store chain will expand its footprint to Vietnam, its second international market after Mongolia.
— Insider Retail

Vietnamese businesses attend international food fair in Moscow
As many as 10 Vietnamese food businesses are showcasing their products at the international food and drink exhibition, WorldFood Moscow 2019, which opened in Moscow, Russia, on September 24.
— NDO

Fitch Ratings gives Vietnam Electricity ‘BB’ rating
Vietnam Electricity’s (EVN) long-term foreign-currency issuer default rating stands at ‘BB’ with a positive outlook, according to Fitch Ratings.
— Viet Nam News

New FiT rate expected to promote investment in solar energy
Many businesses and investors are waiting for the Government’s decision on the feed-in tariff (FiT) rate for solar power projects nationwide, which is expected to be released this month, to set up long-term investments in solar power projects in Việt Nam.
— Viet Nam News

10 Reasons Why You Should Visit Vietnam During The Monsoon Season
A trail of cyclists weave their way past the shack, bikes loaded down with everything and anything; blue silk, banana clusters tied together with brown string, crates of dried fish and pork.
— The Travel

Cambodia now ranking as more expensive than Vietnam
Cambodia is now officially one of Southeast Asia’s most expensive countries for expats.
— Emigrate

HCM City collective economic model achieves good results
HCM City has achieved positive results in the implementation of its collective economic model, with an increase in the number of co-operatives and their quality, according to its People’s Committee.
— Viet Nam News

PM asks labour confederation to take better care of workers
Prime Minister Nguyễn Xuân Phúc yesterday asked the Việt Nam General Confederation of Labour (VGCL) to boost co-ordination with the Government to better ensure the legal and legitimate rights and interests of workers.
— Viet Nam News

Hanoi ‘best’ for U.S. investors
AMERICAN investors are more inclined to set up shop in Vietnam than in the Philippines, as they find Hanoi the best investment destination in Southeast Asia due in large part to its fiscal incentives menu and regulatory policy on businesses, a former United States ambassador has said.
— Business Mirror

Hydro-floating solar farms: new opportunity for Việt Nam’s renewable energy sector
Solar energy, especially photovoltaics (PV), is developing fast globally, driven by technological advancements and the falling cost of solar cells and modules.
— Viet Nam News

Trade Office warns of packaging mistake on longan exports to Australia
The Việt Nam Trade Office in Australia has sent a warning to enterprises about a packaging mistake on longan exported to Australia after the first batch was stopped at customs.
— Viet Nam News

Indian firms keen to invest in solar energy in VN: consul
The Indian corporate sector has a growing interest in investing in and doing business with Việt Nam. They are investing in many sectors, including solar energy.
— Viet Nam News

Mechanical engineering industry needs more incentives: PM
Prime Minister Nguyen Xuân Phúc emphasised the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hà Nội on Tuesday.
— Viet Nam News

VN-Index unlikely to keep growing in short term
The VN-Index had a technical recovery on Tuesday as investors were still doubtful about the market’s short-term prospects
— Viet Nam News

Spanish firm invests $43m project in Huế
Vinh Thanh Investment Joint Stock Company, a member of Spain’s PSH Group, has held the ground breaking ceremony for the Huế Amusement and Beach Park in the central province of Thừa Thiên Huế.
— Viet Nam News

In Quảng Trị Province, switching to solar energy is a matter of course
Quảng Trị Province and its solar energy investors have been waiting for the Government’s new pricing decision.
— Viet Nam News

Reservoirs in the north warned of serious water shortage
Rainfall in October is forecast to be lower than the average level of previous years, down by 20 to 40 per cent.
— Viet Nam Net

Rooftop solar’s growing popularity in HCM City
Lê Đình Vũ, the owner of Minh Vũ home decor store in HCM City’s Thủ Đức District, spent nearly VNĐ50 million (US$2,155) on installing solar panels on his newly-built house’s roof.
— Viet Nam News

USAID LinkSME project launches
The US Agency for International Development (USAID) with Việt Nam’s Government Office and the Ministry of Planning and Investment kicked off the USAID Linkages for Small and Medium Enterprises project today in Hà Nội.
— Viet Nam News

Shares in dairy firm Vinamilk soar after trip to China
Shares in dairy giant Vinamilk have unexpectedly soared by 4 per cent in the last two days after the company’s milk products were launched in China last week.
— Viet Nam News

Unilever begins programme to grow trees
From now through next February some 30,000 saplings will be planted around the country under a Unilever programme called “Ươm mầm xanh” (Germinate green seeds).
— Viet Nam News

Central province approves three wind power projects
The People’s Committee of Quảng Trị Province has granted in-principle approval to three wind power projects with a combined investment capital of nearly VNĐ5 trillion (US$215 million), online newspaper baodautu.vn reported.
— Viet Nam News

Mekong Delta shrimp farmers take baby steps towards renewable energy
Cost and technology are the top concerns for shrimp farmers when investing in renewable energy, Trần Văn Đấu, a farmer in Cà Mau Province, said.
— Viet Nam Net

Tân Việt Securities officially joins derivatives market
The company on August 23 became the 17th securities firm to be licensed by the HNX to participate in the derivatives market.
— Viet Nam News

Climate change awareness week launched in Việt Nam
A week-long series of activities to raise awareness about climate change is set to kick off on Friday across Hà Nội, Đà Nẵng and Hội An.
— Viet Nam Net

Feature photo WHO Vietnam

This week’s Vietnam morning news feature photo focus on World Rabies Day, September 28.

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.

We filter our the dull, the boring, the repetitive, and the click-bait and package all of the Vietnam daily news that you need to know to start your day into an easy to read, time saving format of Vietnam news headlines and first paragraphs before 7.30am Ha Noi time.

We clearly identify the source of all the Vietnam news headlines, whether it is behind a paywall, a media release, or whether the news site uses annoying pop-up advertising or auto-play video, in case those things annoy you too. If a website uses particularly invasive pop-up adverts, we’ll tell you.

This enables you to make an informed choice of whether you want to learn more by clicking directly through to the original Vietnam news article, or keep on reading the remaining Vietnam daily news headlines.

Click here to get your Vietnam English language news today by email before 8am Ha Noi time daily. Remember to watch out for the confirmation email from us to confirm your subscription. Check your trash folder if you do not see it.

For more immediate updates download the AEC News Today Mobile App from the Apple or Google stores, or follow us on Twitter.

#Independentmedia

Governance, not government; policies not politics.