Vietnam Morning News For January 30, 2020

Vietnam expects $100 million trade deficit in January – government statistics office
Vietnam’s trade balance is seen slipping into a deficit of $100 million in January, from a surplus of $259 million in December last year, preliminary government data released on Wednesday shows.
— Today Online

Vietnam lures US$5.3 billion in FDI in January
Foreign direct investment (FDI) in Vietnam reached US$5.3 billion in January, a remarkable yearly increase of 179.5%, according to the General Statistics Office (GSO) on January 29.
— NDO

Can Vietnam Successfully Launch Homegrown 5G Services?
A Vietnamese company says it has been developing its own equipment to launch 5G mobile services nationwide. But some experts question whether the country has the ability to develop what it is claiming.
— VOA

Rice husks turned into batteries in Vietnam
A team of researchers and students at the Ho Chi Minh City University of Science, Vietnam National University, have succeeded at making a prototype lithium-ion rechargeable battery from rice husks, a common agricultural waste in Vietnam, especially in the Mekong Delta.
— The Phnom Penh Post

Vietnamese businesses struggle to protect their brands
The sale of Sabeco to Thai investors some years ago added one more name to the list of Vietnamese famous brands falling into foreigners’ hands.
— Vietnam Insider

World Bank issues first green loan to Vietnam
Green project financing has become a global trend in the banking and finance industry and it opens another channel for Vietnam to pursue green growth.
— The Hanoitimes

24 Vietnamese students, relatives remain in China’s Wuhan
Twenty four Vietnamese students and their relatives remain in Wuhan, epicentre of the deadly coronovirus outbreak, according to the Vietnamese embassy in China.
— Vietnam Insider

Vietnam January CPI up 6.43% year-on-year – government statistics office
Vietnam’s consumer price index (CPI) rose 6.43% in January from a year earlier, led by an increase in the costs of food and catering services and transport, government data showed on Wednesday.
— Today Online

Vietnam Orders $350M Combat Training Jets From Russia – Vedomosti
Vietnam has signed a $350 million deal last year to buy a dozen combat training aircraft from Russia, the Vedomosti business daily reported Wednesday.
— The Moscow Times

Foreign arrivals to Vietnam surge 32.8% in January
The number of foreign visitors to Vietnam in January is estimated to expand 16.6% month-on-month and 32.8% year-on-year, reaching 1.99 million, according to the General Statistics Office (GSO).
— NDO

First Vietnam GP not sold out yet
The Vietnamese public is becoming more interested in Formula 1, the CEO of the country’s inaugural grand prix says.
— Grandprix

Will Vietnam’s anti-corruption campaign endure beyond Trong?
A key current feature of Vietnamese politics is the high-profile anti-corruption campaign led by Communist Party of Vietnam (CPV) General Secretary Nguyen Phu Trong.
— East Asia Forum

Vietnam’s digital economy is the fastest growing in the region
Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported.
— Vietnam Insider

Vietnam sets up task force to handle deadly Wuhan coronavirus
Vietnam will temporarily stop granting tourist visas for Chinese of nCoV-infected territories, except urgent cases.
— The Hanoitimes

Vietnam’s DaNang: 12 quarantined people with high fever not infected with Coronavirus
Ngo Kim Yen, director of the DaNang municipal Department of Health, on Tuesday morning announced that, 12 people with high fever, who were put in quarantine for testing were not infected with the new Coronavirus.
— Vietnam Insider

Registered capital of Vietnam’s new businesses expands 4-year high growth in Jan
Total registered capital added to the economy in January was VND501.4 trillion (US$21.65 billion).
— The Hanoitimes

Stopping car on expressway to take photo, Vietnamese woman fined us$300
A Vietnamese woman has been slapped with a hefty fine after CCTV camera footage showed that she stopped her car in the middle of an expressway in northern Vietnam to take a photo of a companion.
— Vietnam Insider

Vietnamese aviation market experiences competition rage
The Vietnamese aviation market has been recording double-digit growth in the last four years, but the growth rate is slowing.
— The Hanoitimes

Apple partner Pegatron to start operation of factory in Vietnam by end of 2020
Vietnam emerged as top beneficiary from manufacturing diversifying production away from China, as the latter has lost its competitive edge five years ago.
— The Hanoitimes

Hanoi marks 231st anniversary of victory against Chinese Qing invaders
The victory has gone down in Vietnamese history as an immortal and epic struggle for national sovereignty, construction and defense.
— The Hanoitimes

Blackout: Censorship in Vietnam
In Vietnam, where freedom of expression is a “national security issue,” the government actively suppresses journalists and bloggers for expressing their opinions against the current administration.
— Miro Online

Singaporean outlet names Vietnam fastest growing digital economy
Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported.
— VietnamPlus

Vietnam’s Robust Mobile Payments Sector to Continue Growth
The digital payments industry of Vietnam has been showing signs of robust growth and expansion, said Fintechnews Vietnam. This development is due to the actions taken by several entities including industry players, agreements and the Vietnamese government. This comes in light of the increased activities in this sector.
— w7news

Chuong Pagoda features historical values in north Vietnam
Chuong (or Bell) Pagoda in the Red River Delta province of Hung Yen bears historical values of the land in northern Vietnam.
— VietnamPlus

Austal Vietnam to build high speed cat for Comoros Islands operator
Comoros Islands ferry operator SGTM has awarded Austal Limited (ASX:ASB) a contract worth A$15.5 million (US$10.7 million) contract for a 41 meter, high-speed catamaran.
— Marine Log

Condo market faces challenges in 2020: experts
The condo market in HCM City is expected to face challenges this year, according to industry experts.
— Viet Nam News

VN firms cautious with exports to Myanmar
Vietnamese exporters need to be cautious when shipping goods to Myanmar despite untapped opportunities available in the market, according to the Vietnam Trade Office in Myanmar.
— The Phnom Penh Post

Another Vietnam-Cambodia Friendship Monument inaugurated
A Vietnam-Cambodia Friendship Monument was inaugurated in the Cambodian province of Kampong Cham on January 28.
— VietnamPlus

Finance ministry seeks to improve business climate
Vietnam’s Ministry of Finance plans to hasten tax and customs administrative reforms this year to improve the business climate.
— The Phnom Penh Post

Ngoc Hoi-Dong Da victory celebrated
A festival was held at the Dong Da Mound special national relic site in Hanoi on January 29 (the fifth day of the Lunar New Year) to mark the 231st anniversary of the Ngoc Hoi-Dong Da victory over Chinese Qing invaders.
— NDO

Vietnam: Making hay – Standard Chartered
Chidu Narayanan, Standard Chartered Economist for Asia, throws some light on the Vietnamese economy, as he sees a 7% GDP growth in 2020.
— Fxstreet

South Korea consolidates as Vietnam’s largest investor in 2019
South Korea consolidated in 2019 as the largest investor in Vietnam by allocating 7.9 billion dollars for new or previous projects, a year to year increase of 7.2 percent.
— Plenglish

VA releases updated DOD list identifying Agent Orange sites outside Vietnam
The U.S. Department of Veterans Affairs (VA) released in January an updated Department of Defense (DOD) list of locations outside Vietnam where tactical herbicides were used, tested, or stored by the U.S. military.
— Mv Times

Vietnam bans HK visitors as airlifts pick up pace
Vietnam has stopped issuing travel visas to Chinese, including residents of Hong Kong and Macau from yesterday.
— The Standard

Vietnam Power Market Insights and Outlook During 2020-2026
Vietnam Power market continues to report strong growth driven by economic activity, growing residential and industrial sector demand. Conventional fuels account for a dominant share of Vietnam power generation but a rapid increase in the use of renewable fuels is being observed.
— Galusaustralis

Positive outlook for Vietnam’s property market
In Ho Chi Minh City, apartment prices surged 23.8% in Q3 2019 from a year earlier, to an average of US$2,067 per sq. m, according to Jones Lang La Salle Vietnam. Likewise in Hanoi, the capital, the average price of apartments rose by 6.5% y-o-y to US$1,473 per sq. m. in Q3 2019.
— Global Property Guide

Vietnam health authority completing treatment plan for coronavirus
Deputy Health Minister Nguyen Truong Son said the Ministry of Health has been completing treatment plan after the first two cases of coronavirus in Cho Ray Hospital abated.
— Sggp News

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