Vietnam Morning News For March 14

Welcome to the Vietnam morning news roundup by AEC News Today, your one stop for Vietnam news on matters of governance and policies affecting Asean business communities.

US human rights report includes unfair assessments on VN: spokesperson
The US Department of State’s 2016 annual Human Rights report acknowledges some of Vietnam’s achievements in protecting human rights, but makes biased statements and does not reflect the real situation in Vietnam, said Foreign Ministry’s Spokesperson Le Hai Binh.
— Vietnam Plus

Vietnam earns 27.3 bln USD from export in two months
Vietnam’s total export earnings hit 13 billion USD in February, raising the total in the first two months of this year to 27.3 billion USD, up 15.4 percent annually, said the Ministry of Industry and Trade (MoIT).
— Vietnam Plus

Domestic revenue reaches $7.17 billion in first two months
Domestic revenue was estimated to reach VND63,500 billion (US$2.79 billion) in February and VND163,100 billion ($7.17 billion) in the first two months this year, reported the General Department of Taxation.
— Saigon

Avian flu scare: VN halts US poultry imports
Việt Nam has halted the import of poultry and poultry products from two US states, Tennessee and Wisconsin, which have been affected by avian flu.
— Viet Nam News

Hanoi to promote the development of private economic sector
Hanoi People`s Committee has recently issued the Plan No.60 to implement the Action Program No.16 of the municipal Party Committee.
— Hanoi Times

Country needs $7.46 million to upgrade highway-railroad crossings
Vietnam Road Administration said that the railway industry now has 100 highway-railroad crossings in need of upgrading with the total cost of VND170 billion (US$7.46 million).
— Saigon

China must stop cruises in South China Sea: Vietnam
Vietnam on Monday demanded that China stop sending cruise ships to the South China Sea in a response to one of Beijing’s latest steps to bolster its claims in the strategic waterway. A Chinese cruise ship with more than 300 passengers visited the disputed Paracel Islands earlier this month.
— The Economic Times

Vietnam is always active in regional economic integration
Vietnam will continue reforming its economy, improving the business climate and fully implementing the commitments it has made to the free trade agreements (FTAs), actively contributing to regional economic and trade integration.
— Hanoi Times

Vietnamese tea firms eye US market
Representatives of tea-growing regions and tea companies in Việt Nam recently took part in a seminar in New York to seek opportunities to enter the US market.
— Viet Nam News

Vietnam to Test Trump on Signing Solo Trade Pacts
Vietnam will test U.S. President Donald Trump’s openness to one-on-one trade deals as it starts nudging Washington for an eventual agreement to replace its role in the defunct Trans Pacific Partnership (TPP).
— VOA

Asia beef conference in Vietnam hears of market price pressures, as boxed meat and live cattle go head to head
The number of Australian cattle exported to Vietnam in 2017 will largely be dictated by price, with importers baulking at the high cost of stock, according to LiveCorp.
— ABC Australia

China increases investments in Vietnam
According to the Foreign Investment Agency (FIA), in the first two months of 2017, China registered $608 million worth of foreign direct investment (FDI) in Vietnam, accounting for 30 percent of total newly registered capital, making it the biggest foreign investor in Vietnam.
— VietNamNet Bridge

Green technology becomes focus of firms to secure a place in Vietnam energy future
Foreign firms have shown increasing interest in supplying environmentally-friendly equipment for coal-fired power plants in Vietnam, as coal looks to retain its hold on the national power grid over the next decade.
— VietNamNet Bridge

Industrial growth slow, labour productivity low: Party official
Vietnam’s industry is developing too slowly and is still reliant on many foreign-invested enterprises, said Nguyen Van Binh, head of the Party Central Committee’s Commission for Economic Affairs.
— Vietnam Plus

Stocks in Vietnam tipped to fall further as US interest rate hike looms
STOCK markets in Vietnam look likely to continue falling this week as investors remain cautious ahead of the US Federal Reserve’s meeting. The sharp drop in oil prices during the last three sessions is also dampening expectations, analysts say.
— The Nation

AES among firms to make USD-3.3bn solar investment in Vietnam – report
March 13 (Renewables Now) – US power group AES Corp (NYSE:AES) is among the companies that are expected to build solar parks with a total value of USD 3.3 billion (EUR 3.1bn) in Vietnam, Reuters reports.
— Renewables Now

Talks aim to better manage social insurance fund
The Việt Nam Social Insurance Agency will prioritise the development of e-transaction systems to help control costs and prevent abuse of the social insurance fund this year, officials have said.
— Viet Nam News

Hollywood director vows to promote Vietnam tourism
Hollywood film director Jordan Vogt-Roberts said he is honoured to be Vietnam’s tourism ambassador and will do his utmost to help Vietnamese tourism take off.
— Vietnam Plus

Feature photo: Huỳnh Mai Nguyễn

The Vietnam morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

Vietnam Morning News For March 14 added by Leakhena Khat on March 14, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.