Vietnam morning news for January 16

Vietnam morning news for January 16

Vietnam morning news

Việt Nam-China import-export turnover reaches $117 billion
The import-export turnover between Việt Nam and China set a new milestone when reaching nearly US$117 billion last year.
— Viet Nam News

Steel industry not likely to have the best of times in 2020
The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity, falling demand and protectionist measures by countries to reduce imports, according to experts.
— Viet Nam News

No State capital for Tân Sơn Nhất Airport’s T3 terminal: Deputy PM
Dũng stressed that the Government would not provide capital for terminal’s construction.
— Viet Nam News

Vietnamese goods in face of pressure from trade protectionism
By the end of last year, more than 160 trade remedies investigations were launched and applied to Vietnamese goods. It is forecast that there will be 25 export products being investigated this year.
— Sggp News

HSBC appoints its new head of international subsidiary banking in Vietnam
HSBC has appointed Joonsuk Park as its head of International Subsidiary Banking of Wholesale Banking in Vietnam. Prior to this, Park was head of Multinational Corporates (MNCs) at HSBC Korea.
— Vietnam Insider

Who will lead Vietnam in 2021?
Vietnamese politics has reverted to its customary opacity. General Secretary Nguyen Phu Trong and his intimates in the Communist Party’s secretariat remain intent on party renewal, a wholly internal affair.
— East Asia Forum

Hanoi wishes to receive valuable assistance from diplomatic corps: Mayor
As Vietnam assumes the roles of ASEAN 2020 Chair and a non-permanent member of the UN Security Council 2020- 2021 in 2020, Hanoi will be the venue of over 70 state-level political, cultural, economic and diplomatic events.
— The Hanoitimes

SGGP Newspaper receives two awards Hanoi Spring Press Festival 2020
The Sai Gon Giai Phong Newspaper won two prizes at the Hanoi Spring Press Festival 2020 that ended at the Vietnam-Soviet Friendship Cultural Palace in Hanoi on January 14.
— Sggp News

Vietnam Aims to Grow its Economy by 7% This Year, Faster Than China
Vietnamese officials aim to expand their economy by 7% this year, among its fastest rates ever and quicker than world factory powerhouse China, due to investment in manufacturing, lack of trade disputes and the rise of a middle class.
— VOA

Vietnam’s Deadly Land Clash Leaves Questions Unanswered
The recent violent land dispute spotlights serious issues that remain to be addressed.
— The Diplomat

Vietnamese Central Bank denies manipulating currency
Vietnam has denied using exchange rates and monetary policy to facilitate export after the country was put on a U.S. watch list of currency manipulators.
— Vietnam Insider

Vietnam’s stock market keeps appealing to foreign investors
The prospect of the Vietnamese stock market this year will be brighter, with profits of listed firms in 2020 likely to increase by 18% against 2019 while the VN-Index may rise by 20.7%
— The Hanoitimes

Vietjet Air launches direct route from Ho Chi Minh City to Pattaya
The low-cost carrier Vietjet Air have recently opened a direct air route connecting Ho Chi Minh City with Pattaya in Thailand, with four return flights per week.
— The Pattaya News

Connectivity to bolster Vietnam’s integration in global markets: WB
There is a growing need to better integrate and connect domestic markets to ensure that any potential slowdown in exports can be offset by higher domestic demand.
— The Hanoitimes

Vietnam: Crackdown on Rights
At least 30 activists and dissidents were sentenced to prison in Vietnam in 2019 simply for exercising their fundamental rights to freedom of expression, association, and religion, Human Rights Watch said today in releasing its World Report 2020.
— Human Rights Watch

Belt and rail: New Vietnam-China train aims to put relations on track
Updating a colonial legacy railway might offer more than a smoother connection between sometimes tense neighbours.
— Lowy Institute

MEPs: Don’t waste your chance to change Vietnam
In coming weeks, the European Parliament is expected to take a binding decision on whether to approve, postpone or reject the EU-Vietnam Free Trade Agreement (FTA) and Investment Protection Agreement (IPA).
— EU Observer

Vietnam promoters urge hotels to keep room prices “reasonable”
The promoters of the Vietnam Grand Prix are urging hotel owners not to take advantage of visitors to the new Formula 1 race by charging exorbitant rates.
— Racefans

At Vietnam’s ‘Dong Tam Massacre’, activists claim government attacked its own citizens
A long-running battle over land rights in the northern Vietnam village of Dong Tam flared last week after a raid by thousands of police led to four deaths and the arrests of 30 residents.
— South China Morning Post

Vietnam to steer Asean towards economic peace
VIETNAM, currently in the driver’s seat as the Asean chair for 2020, must demonstrate a more robust leadership in steering the caucus to challenge anti-international trade and the rules-based world economy at various international platforms.
— The Malaysian Reserve

Vietnam fund management assets jump 20%
Vietnam’s fund management industry assets grew 20% year-on-year in 2019 as the local regulator tightens the rules to make the sector more efficient.
— International Investment

Growing public alarm over child pornography in Vietnam
Vietnam’s Ministry of Public Security (MPS) has busted several child pornography rings in recent months thanks to tip-offs from the US Department of Homeland Security.
— The Phnom Penh Post

Vietnam gets reprieve, Thailand on guard after US Treasury Report
The US Treasury gave relief to South-East Asian nations at risk of being labelled currency manipulators.
— The Star Online

Typo Vietnam stores open as Australian stationer stretches its Asian reach
Typo Vietnam has launched its second store in Ho Chi Minh City, a month after making its debut in the country.
— Inside Retail

Vietnam Drafts Mandate On Personal Data Protection Of Individuals And Organisations
The Ministry of Public Security in Vietnam is now imposing a government decree for the personal data protection of individuals and organizations due to increased data theft as of recent.
— The Coin Republic

VPBank secures IFC’s first green loan in Vietnam
VIETNAM Prosperity Joint Stock Commercial Bank (VPBank) has secured a financing package amounting to US$212.5 million to help expand its lending to small and medium enterprises (SMEs) and boost financing especially for climate-friendly projects.
— The Asset

Abundant capital sources drive interbank interest rates down
The increasing inflow of remittances ahead of the Lunar New Year has replenished the liquidity of the banking system, thus resulting in a steep fall in the interbank interest rates in January, according to insiders.
— VietnamPlus

Central Steering Committee on anti-corruption convenes 17th session
The Central Steering Committee for Anti-Corruption held its 17th session on January 15 under the chair of Party General Secretary, President and head of the committee Nguyen Phu Trong, to look back at its work in 2019 and line out key tasks for 2020.
— VietnamPlus

China-Vietnam diplomatic friendship celebrates its 70th anniversary
The need to promote the development of China-Vietnam relations in the new era has been stressed by the head of the International Department of the Communist Party of China (CPC) Central Committee, Song Tao.
— Menafn

Vingroup unexpectedly retreats from aviation industry
Vingroup on January 14 announced that it officially withdraws from Vietnam’s aviation industry but still keeps the flight training center.
— Sggp News

Ford invests $82 million to expand Vietnamese plant
Ford Motor Co (F.N.) said on Tuesday it is investing $82 million to expand its plant in northern Vietnam to boost production capacity.
— VnExpress

Vietnamese central bank invited to become BIS member
The State Bank of Việt Nam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution’s central bank membership base since 2011.
— Viet Nam News

Tax watchdog to enhance inspection this year
The General Department of Taxation plans to inspect tax compliance at 19.5 per cent of businesses in 2020, the department’s Director Cao Anh Tuấn said on Tuesday.
— Viet Nam News

HCM City banking sector urged to keep bad debts low
Commercial banks and credit institutions in HCM City need to continue to restructure and strengthen control of credit quality to prevent a return to the days of high bad debt ratios, the deputy governor of the State Bank of Vietnam has warned.
— Viet Nam News

Việt Nam’s monetary policies do not create unfair gains in international trade: SBV
The State Bank of Việt Nam (SBV) will be consistent in regulating monetary policies according to market developments, with no aim for an unfair competitive edge in international trade.
— Viet Nam News

Economic tools necessary to address air pollution: experts
Hà Nội lacks systems which can show comprehensive data on air quality in the city centre and neighbouring provinces.
— Viet Nam Net

TTC exports second batch of molasses to Australia
Thành Thành Công Trading Joint Stock Company, a member of the Thành Thành Công Group, has exported 500 tonnes of molasses to Australia to help alleviate a shortfall across Queensland state caused by an ongoing drought.
— Viet Nam News

City to focus on improving investment, trade promotion
The Investment and Trade Promotion Centre of HCM City will focus on improving trade promotion in terms of both quality and quantity to help Vietnamese firms better exploit their markets.
— Viet Nam News

Trà Vinh celebrates 120th anniversary of establishment
Prime Minister Nguyen Xuân Phúc applauded Mekong Delta Trà Vinh Province for its socio-economic development while addressing a ceremony held on Tuesday to celebrate the 120th anniversary of the province’s establishment.
— Viet Nam News

MoF announces 13 market makers for debt market
Thirteen commercial banks and securities firms will be allowed to join the debt market or Government bonds (G-bonds) market in Việt Nam this year.
— Viet Nam News

Stocks rebound but short-term outlook gloomy
Vietnamese shares bounced slightly Tuesday with improved trading liquidity, but market sentiment remained weak.
— Viet Nam News

KMS Solutions ties up with US’s Infor for warehousing, financial solutions
Software company KMS Solutions yesterday (Jan 14) announced it had entered into a strategic partnership with the US’s Infor in business cloud software to help Vietnamese businesses digitise warehousing and financial management.
— Viet Nam News

Ford Vietnam adds $82 million to automobile project
Ford Vietnam announced on Tuesday it would invest an additional VNĐ1.9 trillion (US$82 million) into expanding its automobile assembly and production factory in the northern province of Hải Dương.
— Viet Nam News

Information disclosure key issue for corporate bond issuance
The main problems with corporate bond issuance is the quality of information disclosure, according to SSI Securities Corporation (SSI).
— Viet Nam News

Vingroup withdraws from air transport business
Vingroup on Tuesday announced that it is officially withdrawing from the air transport business.
— Viet Nam News

Fair offers specialties for Tết holiday
A variety of food and fruit from across the country are on display at the Spring Fair 2020 which kicked off on Tuesday at the Hà Nội International Exhibition Centre.
— Viet Nam News

Hải Phòng remains attractive for investors: official
This year Hải Phòng aims to continue to improve the business investment environment and create the best conditions for businesses to expand production and improve competitiveness.
— Viet Nam News

IFC investor group no longer VietinBank’s major shareholder
The International Finance Corporation (IFC) investor group is now no longer a major shareholder of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), after selling more than 55.7 million shares of the bank.
— Viet Nam News

Discounts drive car sales in Viet Nam
Nearly 400,000 cars were sold in the Vietnamese market in 2019 thanks to valuable gift and discount programmes, which were launched at the beginning of the year, said the Vietnam Automobile Manufacturers’ Association (VAMA).
— Viet Nam News

 

Feature photo GE Reports

This week’s Vietnam morning news feature photo focus on renewable energy use throughout Asean.

 

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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