Vietnam morning news for January 22

Vietnam morning news for January 22

Vietnam morning news

Vietnam’s sugar industry expected to face more difficulties this year
According to the Vietnam Sugarcane and Sugar Association (VSSA), the country produced 1.47 million tons of sugar in the 2017-2018 crop and in the 2018-2019 crop, the production dropped to 1.17 million tons with the area of sugarcanes reducing by 30-60 percent compared to the previous years and 17 out of 30 sugar refineries suffering losses.
— Sggp News

EU-Vietnam free trade deal gets green light in trade committee
The Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam on Tuesday.
— Europal

Vietnam’s Real Estate Market: 3 Growth Drivers in 2020
Vietnam’s real estate industry in 2019 was stable. Although supply decreased a significant 65.3 percent, the occupancy rate in big cities such as Hanoi and Ho Chi Minh City (HCM City) remained high at 89.7 percent.
— Vietnam-Briefing

Apple Partner Pegatron to Set Up Production in Vietnam
Taiwan’s Pegatron Corp. plans to set up production facilities in Vietnam, according to people familiar with the matter, becoming the latest Apple Inc. assembly partner to establish a presence in the Southeast Asian nation as they diversify beyond China.
— Bloomberg

Vietnamese PV maker Dehui bets on US solar to fuel 2020s growth
One of the biggest names of Vietnam’s PV manufacturing scene is to throw its weight behind the US solar market over the next three years, with plans to target utility-scale buyers by embracing bifacial technology.
— PV Tech

Ho Chi Minh City: How Vietnam’s Emerging Megacity Will Develop
Megacity has become a buzzword associated with rapid urbanization and economic development. For Vietnam, the commercial capital Ho Chi Minh City is often identified within this narrative.
— Vietnam-Briefing

Heineken shares hit by Vietnam’s crackdown on drink-driving
Heineken’s share price has been hit following reports that sales in Vietnam, south-east Asia’s biggest beer market, have dropped by at least a quarter since the beginning of the year as authorities crack down on drink-driving.
— Financial Times

Vietnam Eyes Expanding Digital Economy As Binance Launches Peer-to-Peer Trading for Its National Currency
Leading cryptocurrency exchange Binance is launching peer-to-peer trading for the Vietnamese dong (VND) as the Southeast Asian country emerges as a global player in the digital economy.
— Daily Hold

Roundtable seminar talks Vietnam – Russia relations
A roundtable discussion on Vietnam – Russia cooperation was held in Moscow on January 20 as part of activities to mark the 70th founding anniversary of diplomatic ties between the two countries.
— NDO

Vietnam Prepares for Success in 4IR with World Economic Forum
Over the past three years, the Government of Viet Nam has partnered with the World Economic Forum to identify, assess and greenlight areas of improvement for the country’s economy. By the end of the Country Partnership, Viet Nam’s score on the Global Competitiveness Index rose from 51 out of 100 in 2017 to 62 out of 100 in 2019.
— Modern Diplomacy

Oil major settles huge capital gains tax bill to Vietnam after Finance Uncovered investigation
ConocoPhillips, the US oil giant, has finally paid tax to Vietnam on a $896m gain from the sale of two oil fields in 2012 – marking a significant climbdown amid embarrassing legal action and international criticism.
— Finance Uncovered

Exclusive: Vingroup plans Thai bonds as funding options narrow
Vingroup, Vietnam’s largest company, plans to issue this year its first baht-denominated bonds, according to sources, as the sprawling conglomerate seeks to expand its loss-making cars business and has all but exhausted its funding options at home.
— Nikkei Asian Review (paywall)

Vietnam Airlines launches Da Nang-Shanghai route
National flag carrier Vietnam Airlines on January 19 officially launched a non-stop route connecting the central coastal city of Da Nang and China’s Shanghai.
— VietnamPlus

Vietnam cracks down on drink driving, causing beer sales to drop 25 per cent
Under the new law, people driving automobiles or trucks under the influence can be fined as much as 40 million dong (US$1,720) and lose their licence.
— South China Morning News

Cambodia, and Vietnam vow to combat cross-border offences
Cambodia and Vietnam have committed to continue taking strict measures to prevent and crack down on all forms of offences, particularly drug and forestry offences along the common border.
— Khmer Times

Vietnam and Hong Kong investigation finds forged health certificates
Vietnamese authorities have identified eight forged health certificates related to one meat processing plant.
— Food Safety News

Koizumi questions Japan financing of Vietnam plant
Japanese Environment Minister Shinjiro Koizumi has called into question Japan’s financing of a coal-fired power plant in Vietnam.
— NHK World

Vietnam gets better in imparting 21st century skills
Vietnam has jumped six places in the latest Worldwide Educating for the Future Index (WEFFI) that lists countries providing 21st-century skills to their youth.
— VnExpress

Supply and demand for housing still imbalance
Urban areas in Vietnam are currently facing an imbalance between supply and demand for housing when most investors are more interested in high-end projects instead of the affordable housing segment.
— Sggp News

Maintaining exports critical to cement industry this year
Maintaining exports would be critical for the cement industry amid rising production output and anticipated sluggish domestic sales this year.
— Viet Nam News

Vietnamese currency under bigger pressure in 2020
After being relatively stable last year, the foreign exchange rate of the Vietnamese against the US dollar is forecast to be under bigger pressure due to both internal and external headwinds.
— Viet Nam News

Malaysians, Taiwanese run extortion scam posing as Vietnamese police
Two Malaysians are among 10 people detained last week for involvement in a Taiwanese-directed scam cheating Vietnamese citizens of VND500 billion ($21.5 million).
— VnExpress

How a boy from Vietnam became a slave on a UK cannabis farm
It was a horrifying death for the 39 Vietnamese nationals found in the back of a trailer in an industrial park in Essex, in October last year.
— BBC

Vietnam Makes Big Bet on Homegrown 5G
Vietnam’s largest phone company was evidently not kidding last year when it announced plans to build its own 5G network. In an update last Friday, Viettel has reportedly promised to launch a 5G service in June based on its own equipment and software. It has already carried out trials, including a 5G video call last week.
— Light Reading

Vietnam envoy for frequent exchange of business delegations
Ambassador of Vietnam Pham Hoang Kim has stressed the need for frequent exchange of delegations for enhancing trade volume between the two countries.
— Nation

Clearstream Signs MoU with Vietnam Securities Depository
The agreement aims to help foster the development of the Vietnamese financial market.
— Finance magnates

Wind energiy boom in Tra Vinh, Vietnam
The Mekong Delta province of Tra Vinh is witnessing a series of wind power projects settling in the province thanks to its favourable position, with total investment exceeding VND42 trillion ($1.8 billion).
— Ev wind

No cases of acute pneumonia caused by nCoV in Vietnam
No cases of acute pneumonia, caused by a novel coronavirus (nCoV), have been reported in Vietnam by January 19, according to the Preventive Medicine Department under the Ministry of Health (MoH).
— VietnamPlus

ROK to import over 55,000 tonnes of Vietnamese rice
The Republic of Korea (ROK) has opened its market to Vietnamese rice, grating a quota of 55,112 tonnes of rice from Vietnam only.
— NDO

Vietnam: Upcoming New Labor Code And Amendments To Immigration Law
Amendments to the Law on Entry, Exit, Transit and Residence of Foreigners will come into effect on July 1, 2020.
— Mondaq

VN tightens corporate bond issuance
Vietnam’s Ministry of Finance will tighten regulations over corporate bond issuance because of an overheating market to protect investors and prevent risks which might arise from the abuse of this capital raising channel.
— The Phnom Penh Post

Minh Phú Seafood shares fall on investigation of tax evasion
Minh Phú Seafood Corp shares fell for a second day after the company confirmed it would co-operate with the US investigation into whether the Vietnamese firm had evaded anti-dumping taxes or not.
— Viet Nam News

More efforts needed to maintain VN’s leading position in cashew export
Việt Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future.
— Viet Nam News

City to speed up public investment disbursement
HCM City authorities plan to review obstacles to public spending and speed of fund allocation and disbursement this year.
— Viet Nam News

Serviced apartments face fierce competition in Hà Nội market
In the fourth quarter (Q4) 2019, Hà Nội saw fierce competition in the serviced apartment segment, according to Savills Vietnam.
— Viet Nam News

Thọ Xuân Airport welcomes first wide-body aircraft
The second Bamboo Airways Boeing 787-9 Dreamliner aircraft carrying passengers from HCM City landed at Thọ Xuân airport in the central province of Thanh Hóa on Saturday, making it the first wide body aircraft to arrive at the airport.
— Viet Nam News

Delivery services to grow 30-40 per cent in 2020
The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels.
— Viet Nam News

Vissan’s revenues rise 22 per cent in 2019
Leading food processor Vissan Joint Stock Company reported pre-tax profits of VNĐ212.66 billion (US$9.19 million) on revenues of VNĐ4.9 trillion ($211.6 million) last year, representing increases of 22 per cent and 10 per cent.
— Viet Nam News

Shares retreat on low liquidity
The market experienced an uneventful trading day Monday with sideways movements and slight fluctuations among declining liquidity.
— Viet Nam News

Việt Nam attends fair on electrical equipment, energy in India
Over 40 enterprises, policy-making agencies and trade promotion organisations of Việt Nam are participating in an electrical and energy equipment fair which opened on January 18 at the India Expo Mart in Uttar Paradesh state of India.
— Viet Nam News

 

Feature photo Vietnam Tourism Portal

This week’s Vietnam morning news feature photo focus on Vietnamese (Lunar) New Year, January 25.

 

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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