Vietnam morning news for December 21

Vietnam morning news for December 21
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Vietnam morning newsPolicies to facilitate newcomers in Vietnam’s aviation industry
The International Air Transport Association also estimated that between now and 2020, passenger transportation in Vietnam is expected to rise by 16 percent, and from 2020 to 2030, by 8 percent.
— Hanoi Times

Vietnam: Intellectual property rights in agriculture are still a problem
Vietnam at this time has over 800 agricultural, forestry and seafood products in the market, however only 50 have a Geographical Indication, and 140 have certification marks registered for intellectual property rights.
— Fresh Plaza

Inflated investment estimates found in three BT projects in Hanoi
– Three BT (Build-Transfer) infrastructure projects in Hanoi were found to have claimed much higher investment estimates than the actual expenditures they required,
— Viet Nam Net

Hilton Launches Flagship Brand in Central Vietnam with Debut of Hilton Da Nang
Hilton Hotels & Resorts, Hilton’s (NYSE: HLT) flagship brand, today announced the opening of Hilton Da Nang, a 28-story, 223-room full-service hotel. The opening marks Hilton’s third hotel in the country after Hilton Hanoi Opera and Hilton Garden Inn Hanoi.
— AEC News Today/ PR Newswire (media release)

Petrol tax an unnecessary burden fro firms and citizens: experts
– The Ministry of Finance is launching a plan to put a tax charge on anyone who buys petrol.
— Viet Nam Net

Car sales surge 23 percent in November
Vietnam’s car sales rose by 23 percent year on year in November to 30,540 units, according to a report by the Vietnam Automobile Manufacturers’ Association.

Vietnam to top 7 pct growth in 2018 and 2019
Vietnam may grow more than 7 percent in 2018, the highest in 10 years, and is likely to maintain the rate next year, experts say.
— VN Express

UN expert lauds Vietnam’s efforts in revising anti-corruption law
A United Nations expert has praised the Vietnamese Government and the Government Inspectorate (GI) for their efforts in amending the Anti-Corruption Law.

Finance ministry eyes $8.78b bond issuance
The Ministry of Finance aims to issue VNĐ200 trillion (US$8.78 billion) worth of Government bonds and develop green Government bonds in 2019.
— Viet Nam News

Vietnam prioritises green growth: IPS
Vietnam has given priority to green growth during its economic development, according to Inter Press Service (IPS).

Hanoi welcomes 5.74 million international tourists in 2018
The capital city of Hanoi welcomed 5.74 million foreign visitors in 2018, up 16 percent against 2017, among 26 million tourists spending time in the city.
— Vietnam+

Experts: domestic firms fail to optimise FTAs incentives
Vietnamese firms have not been able to fully tap incentives offered by free trade agreements (FTAs) that Vietnam has signed, experts said.

RoK ready to help Vietnam with environmental protection: official
The Republic of Korea (RoK) is ready to assist Vietnam in building the capacity of protecting the environment and responding to climate change, and in making relevant laws and regulations.

Vietnam should have effective tools to control asset declaration: UNODC
A lack of specific analysis on conflict of interest together with unsubstantial asset declaration challenges Vietnam’s anti-corruption process, expert at the UNODC said.
— Hanoi Times

Processors gain right to label “Binh Phuoc” cashew products
Four cashew processors have been given the right to use the geographical indication (GI) of “Binh Phuoc” for their cashew products, in a move to help them prove the legitimacy of their products originating from the southern cashew hub of Vietnam.

Ten foreign sailors rescued in Con Dao waters
The BV 98869 TS fishing vessel rescued 10 foreign sailors and sent them to the Ben Da border post in the southern province of Ba Ria – Vung Tau on December 19, said the provincial Border Guard High Command.
— Viet Nam Net

Over 11.7 trillion VND worth of G-bonds raised
The State Treasury of Vietnam has raised more than 11.7 trillion VND (509.1 million USD) from government bonds (G-bonds) during a recent auction at the Hanoi Stock Exchange (HNX).

Danang faces environmental challenges
Nguyen Thanh Tien, head of the urban department under Danang People’s Council, said the authorities had invested VND5.2trn (USD222.66m) in three drainage projects in the past 20 years. However, the city’s drainage system is still out-dated and couldn’t cope with the rains on December 9 and 10.
— Vietnam Insider

Ministry asks for concerted efforts to prevent poultry smuggling
The Ministry of Agriculture and Rural Development asked for cooperation from cities and provinces and relevant ministries in preventing illegal transport and smuggling of poultry and cattle into Vietnam.

PV Power to shift listing to HoSE early next year
More than 2.34 billion shares of the PetroVietnam Power Corporation (PV Power) will be listed on the Ho Chi Minh Stock Exchange (HoSE) under the code POW on January 14, 2019.
— Viet Nam Net

Da Lat to be developed into smart city
The Central Highlands province of Lam Dong plans to build Da Lat into a smart city, and is currently seeking the Government’s assistance in the work.

Vietnamese farm produce confidently conquering the EU market
With an export growth rate of 10% annually, farm produce is currently one of Vietnam’s major exports to the European Union (EU). The Vietnam-EU Free Trade Agreement (EVFTA), set to be signed in the near future, is expected to produce a sharp increase in the export turnover of Vietnam’s agricultural products to this market.
— Nhan Dan online

Programme launched to improve helmet safety amongst children
A programme improving the frequency of helmet wearing amongst children was launched in the central province of Binh Dinh on December 20.

Nielsen: Consumer confidence at record in Q3
With a nine-point increase over the second quarter of 2018, due to growth in confidence over employment prospects and personal finances, Vietnam’s consumer confidence level has reached a peak for the past decade
— Viet Nam Net

Experts make proposals towards sustainable agricultural production
A variety of measures to help the Mekong Delta region better respond to climate change and achieve sustainable agricultural production were proposed at a seminar on December 20 in Long An province, part of the third Vietnam Rice Festival.

Da Nang faces environmental challenges
Officials in Da Nang have raised concerns about the increased problems of flooding and environmental issues in the city.
— Viet Nam Net

VN remains reliant on machinery, equipment from China
Vietnam relies heavily on imported machinery and equipment from China, and experts are worried the country might become a landfill of outdated technologies, urging measures to tighten the import of second-hand machinery and equipment.

FastGo not qualified to run ride-hailing service: ministries
Vietnamese platform FastGo is not yet eligible to provide a ride-hailing service, according to the ministries of Industry and Trade and Transport.
— Viet Nam News

Santa Clause is coming to town
As Christmas is drawing near, Hanoi’s streets on these days have been filled with the vibrant colours of thousands of Christmas decorations.
— Viet Nam Net

Higher hospital fees lead to improved quality
– Fees for more than 1,900 healthcare services for insured patients were raised from 3 per cent to more than 11 per cent at all health facilities in the country on December 15,
— Viet Nam Net

Vice President visits Committee for Solidarity of Vietnamese Catholics
Vice President Dang Thi Ngoc Thinh on December 20 visited the Committee for Solidarity of Vietnamese Catholics (CSVC) and its Chairman, Priest Tran Xuan Manh, ahead of Christmas.

$154 million urban area to be built in Bắc Ninh
A 360ha urban area will be built in Lương Tài District in the northern province of Bắc Ninh, with an investment capital of more than VNĐ3.6 trillion (US$154 million).
— Viet Nam News

Companies banned to send labourers abroad as massage staff
– Labour-export companies might be banned from sending Vietnamese workers abroad for jobs considered dangerous.
— Viet Nam Net

Six million Vietnamese rise above poverty line in five years
About six million Vietnamese people escaped from poverty between 2012-2016, with the poverty ratio dropping from 15.9 to 9.1 percent during the period, according to a report released on December 19.
— Viet Nam Net

Vietnam needs to develop nursing home model
– Nguyen Thi M (not her real name) made the difficult decision to take her mother to a Hanoi nursing home five months ago.
— Viet Nam Net

Former Đông Á Bank director sentenced to life in prison
The HCM City People’s Court on Thursday sentenced Trần Phương Bình, former general director and vice chairman of Đông Á Bank’s (DAB) management board, to life in jail on the charges of “abusing power to appropriate assets”, and to 20 years in prison for “intentionally violating regulations on economic management, causing serious consequences”.
— Viet Nam News

Japanese firms consider Vietnam key investment destination
About 70 percent of Japanese investors in Vietnam want to continue investing or expand their investments, meaning Vietnam is an important destination for them, according to a representative of the Japan External Trade Organisation (JETRO).

Much to do in war on poverty
– Multidimensional poverty (MDP) in Vietnam witnessed a significant drop from 15.9 per cent in 2012 to 9.1 per cent in 2016 with some six million people escaping from poverty.
— Viet Nam Net

Agent Orange film to be screened in America
The documentary Inside This Peace featuring a forgotten victim of Agent Orange living in Vietnam will be available on Vimeo On Demand across America this Christmas.

Vietnamese rice gets official brand name
After decades of being considered to be among the largest rice exporters in the world without a proper brand name, the Ministry of Agriculture and Rural Development has officially a logo for Vietnamese rice brand.
— Viet Nam Net

Reporter arrested after extorting $70,000 from Chinese business
– Dao Thi Thanh Binh, a reporter for Thương Hiệu và Công Luận newspaper, was arrested on Wednesday after she tried to extort US$70,000 from a China-invested enterprise in Bac Giang Province.
— Viet Nam Net

Vân Phong EZ needs to attract high-tech investment projects
Hoàng Đình Phi, head of the Vân Phong Economic Zone Management Board, spoke to Vietnam News Agency about the mechanisms and policies that have been put in place to attract high-tech investment projects.
— Viet Nam News

Agriculture sector to face challenges during El Niño spell
Vietnam will likely have to face another El Nino spell in the 2018-2019 winter-spring period.
— Viet Nam Net

Banks raise deposit rates but only short-term
Many commercial banks raised deposit interest rates in recent months, triggering worries about the increasing pressure on the lending rates. But some insist this was only a short-term measure.
— Viet Nam News

Vinhomes IPO honoured by Asian finance media
The initial public offering of Vinhomes, the residential realty arm of property and retail giant Vingroup, in May 2018 has been honoured the best share issuance deal of the year in Asia and Vietnam by overseas media.

NA Chairwoman congratulates Catholics in Dong Nai ahead of Christmas
National Assembly Chairwoman Nguyen Thi Kim Ngan extended Christmas greetings to the Catholic community while visiting the Catholic Diocese of Xuan Loc in the southern province of Dong Nai on December 19.


Feature photo Vietnam Manpower

This week’s Vietnam morning news feature photo acknowledges International Migrants Day, December 18.


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).

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.


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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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