Vietnam morning news for September 27

Vietnam morning news for September 27

Vietnam morning news

Việt Nam reduces petroleum imports
Việt Nam imported more than 6.5 million tonnes of petroleum products from January to September 15, spending US$3.97 billion, according to the General Department of Customs.
— Viet Nam News

VN seafood industry work hard to combat illegal fishing, get rid of EU yellow card
The Việt Nam Association of Seafood Exporters and Producers and fisheries companies have pledged to with authorities and fishermen to meet EU demands on fighting IUU (illegal, unreported and unregulated) fishing.
— Viet Nam News

Vietnam Cuts Enterprise Registration Fees
Vietnam’s Ministry of Finance issued Circular No 47/2019/TT-BTC reducing enterprise registration certificate (ERC) fees or business registration fees by half. The new circular went into effect on September 20.
— Vietnam Briefing

Sumitomo expands Vietnam industrial parks to tap trade war demand
Japanese trading group Sumitomo Corp. will spend over 19 billion yen ($177 million) to expand two industrial parks in Vietnam, looking to serve businesses shifting production away from China to avoid the trade war.
— Nikkei Asian review (paywall)

Auto industry’s overwhelming reliance on imports continues
The need to import most parts makes auto prices in Vietnam higher than in neighboring countries, insiders say.
— VnExpress

Foreign investors keen on Vietnam’s fintech market: Banker
Fintech is an attractive field, creating many opportunities for both startups and investors in recent years.
— The Hanoitimes

Vietjet Announces First-Ever Direct Routes Between Vietnam and New Delhi; Offers tickets from INR 9
The direct flights from New Delhi to Ho Chi Minh City and Hanoi by Vietjet will further propel trade and tourism opportunities in both the countries.
— Bwhotelier

Vietnam Jails Ex-Deputy Labor Minister for Economic Mismanagement
Former No. 2 at Vietnam’s Labor Ministry jailed for six years for illegally lending state money to finance firm that failed, costing the state nearly $6.5 million.
— Irrawaddy

Vietnam to begin work on $6bn LNG import terminal plan next month
PetroVietnam, the state-owned energy company, has announced plans to begin work on its first LNG import terminal in the south of the country in late October.
— Global Construction Review

Vietnam’s Q2 e-commerce mobile application ranking announced
Along with that trend, the role of mobile applications in Vietnamese e-commerce has also become increasingly larger, opening up new opportunities for e-commerce enterprises.
— Vietnam Insider

China’s free-trade zone on its border with Vietnam is fighting an uphill battle to woo investors amid US trade war
On April 1, 2012, China’s then Premier Wen Jiabao and then Malaysian Prime Minister Najib Razak took part in the opening ceremony of the Qinzhou Industrial Park with the ambition of building up a “hi-tech, low-carbon and international” town of half a million residents from scratch.
— South China Morning Post

Telecom companies dominate list of Vietnam’s top brands
The telecom industry has the largest representation, accounting for 4 of Vietnam’s 10 most valuable brands.
— VnExpress

Vietnam and its US$5 bln plan to neutralise Trump’s tariff threats
Vietnam’s plans to mitigate the Trump administration’s trade gap concerns have now come to a coastal commune, best known for growing dragon fruit.
— Fresh Plaza

Vietnamese, Lao top legislators hold talks
Chairwoman of Vietnam’s National Assembly Nguyen Thi Kim Ngan and her Lao counterpart Pany Yathotou held talks in Vientiane on September 26 during her ongoing visit to Laos.
— VietnamPlus

Vietnam Communist Party takes aim at corrupt rising stars
Vietnam’s ruling Communist Party has brought in new rules designed to stamp out influence-peddling in appointments to government jobs and stop corrupt officials rising through the ranks, state media said on Thursday.
— Euro news

Vietnam quiet as traders await new crop season
Coffee trading remained sluggish this week in Vietnam due to a shortage of beans, with traders awaiting the new crop season that begins next week.
— Reuters

Vietnam’s market large enough for Singaporean investors: Deputy PM
Vietnam targets GDP growth of 6.5 – 6.7% annually from now on until 2020, while GDP per capita would be in range of US$3,200 – 3,500.
— The Hanoitimes

WB backs Vietnam’s efforts to move higher in global value chain
Human resources are the most valuable asset of a country, so the key issue would be to reform education at university level and vocational school, in turn improving the quality of the education system in overall, said World Bank’s expert.
— The Hanoitimes

Vietnamese online pharma marketplace Thuocsi.vn gets US$500K from Cocoon Capital, VietCapital Ventures
Thuocsi.vn is operating under BuyMed, Vietnam-based startup that seeks to simplify the country’s healthcare distribution Thuocsi.vn, Vietnam-based pharma distribution marketplace operated by BuyMed, announces a seed financing of US$500,000 led by Singapore’s Cocoon Capital and VietCapital Ventures.
— e27

Vietravel prepares capital for aviation projects
Vietravel has raised VNĐ700 billion (US$30.16 million) by issuing bonds, with the cash set to go towards its aviation ambitions.
— Viet Nam News

EVN invests over $397m to expand Hòa Bình plant
The Hòa Bình hydropower plant expansion project is expected to start in the fourth quarter of 2020 and is expected to be completed in 2023. Currently, related units are rushing to complete the necessary procedures to implement the project.
— Viet Nam News

Vietnam may cut FITs for large scale solar 20%
The tariff for rooftop PV will be maintained at $0.0935/kWh but payments for ground-mounted and floating solar could be cut to $0.0709/kWh and $0.0769, respectively.
— PV Magazine

Việt Nam’s growth moderate this year but remains robust in Asia
The Asian Development Bank forecasts a moderate deceleration for Việt Nam’s growth this year and next, but says Việt Nam is still a standout in Asia with stable development thanks to resilient domestic demand and sustained inflows of foreign direct investment
— Viet Nam News

Vietnam Industry 4.0 Summit 2019 to run in early October
The Industry 4.0 Summit 2019 is scheduled for October 2 and 3 in Hanoi, announced the Party Central Committee’s Economic Commission on September 25.
— VietnamPlus

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

Ken Research releases new research report on Vietnam Beverage Market And Future Outlook
The global beverage market has so far been on a positive trend but with lots of unexplored potentials. Europe and Asia, especially China, currently are major development motivation, but in the future, the growth rate will be driven by the development of Africa and the Middle East.
— Vietnam Insider

Vietcombank to expand network
The State Bank of Việt Nam (SBV) has approved Vietcombank’s proposal to open 31 new transaction offices nationwide.
— Viet Nam News

Vietnamese firms join int’t food fair in Russia.
Ten Vietnamese companies are showcasing their products at WorldFood Moscow 2019, one of Russia’s leading food and drink expos, which opened in Moscow on Monday.
— Viet Nam News

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

IPs and Ezs attract $10b FDI in nine months
According to the Department of Economic Zone Management under the Ministry of Planning and Investment, so far this year, Việt Nam has drawn 8,970 FDI projects with capital of about $187.4 billion in IPs and EZs.
— Viet Nam News

PTSC Quảng Ngãi to list on UPCoM
The Hà Nội Stock Exchange (HNX) has allowed PTSC Quảng Ngãi Petroleum Services Joint Stock Company to list 30 million shares on the Unlisted Public Company Market (UPCoM) under stock code PQN.
— Viet Nam News

Renewable sources must be close to consumers
Project developers and government agencies should think about how to maximise the use of renewable energies.
— Viet Nam News

Interest rates of G-bonds plunge in 10 years
Over the past 10 years, the interest rates of successfully-issued Government bonds (G-bonds) have decreased significantly, saving thousands of billions of dong for the State budget, contributing to regulate and stabilise the macro-economy.
— Viet Nam News

Vietnam, Japan strengthen cooperation on information security
The Vietnam and Japan cooperation initiative aims to bolster awareness about information security and law enforcement capacities in Vietnam.
— OpenGovAsia

Circular on “Made in Vietnam” products helps firms avoid fraud accusations
A circular on Made in Vietnam products is expected to help businesses avoid accusations of fraud, said Deputy Minister of Industry and Trade Trần Quec Khánh at a conference in Hà Nội on Wednesday.
— Viet Nam News

Vietnam’s Vincom Retail unveils three shopping centre plans
Vietnam’s Vincom Retail has announced three new Vincom Mega Mall shopping centres.
— Insider Retail

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

Vietnam responds to World Rabies Day 2019
Addressing the event, Assistant Prof. Dr. Hoang Duc Hanh, Vice Director of the Hanoi Department of Health, cited the World Health Organisation’s report that the fatal disease kills 50,000-70,000 people each year, and forces more than 10 million people to get vaccinations.
— Vietnam Insider

Deputy PM chairs National Financial and Monetary Policy Advisory Council’s meeting
The National Financial and Monetary Policy Advisory Council convened its third-quarter meeting on September 25, under the chair of Deputy Prime Minister Vuong Dinh Hue, to offer policy recommendations to the government.
— NDO

Two Vietnamese CEOs named as top Asian ‘Power Businesswomen’
The Forbes’s 2019 listing, which honours women who play a significant role in shaping Asia’s business landscape, named Vietjet CEO Nguy�…n Thị Phương Thảo as the only woman to have started and run her own commercial airline.
— Viet Nam News

Bình Dương attracts $2.4b FDI in 2019
The southern province of Bình Dương in the first nine months of the year experienced positive signs in attracting Foreign Direct Investment (FDI), reaching US$2.42 billion, jumping by 81 per cent over the same period last year.
— Viet Nam News

VN stocks step down on lack of support
If there is no big news, the VN-Index will continue struggling between 983 points and 990 points in the next few days.
— 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

Most workers feel productive for less than 6 hours a day
68 percent of Vietnamese workers feel they are productive for just 4 to 6 hours per day, a recent survey has found.
— VnExpress

 

 

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.

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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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