Vietnam morning news for December 28

Vietnam morning news for December 28

Vietnam morning news

Vietnam Records Highest Economic Growth In A Decade
Vietnam’s economy grew by 7.08 per cent in 2018, the fastest rate in the past eleven years and beating the target of 6.7 per cent, the General Statistics Office (GSO) has announced, according to Nhan Dan newspaper.
— Investvine

Hanoi freezes Vietjet flight expansion after safety incidents
Vietnamese authorities have halted Vietjet Aviation’s planned increase in flights following a series of aircraft safety incidents, putting the country’s largest budget airline under supervision as the Tet holiday season nears.
— Nikkei Asian Review (paywall)

Vietnam’s Public Holidays in 2019
Vietnam’s public holidays are administered by the Ministry of Labour, Invalids and Social Affairs of Vietnam.
— Vietnam Briefing

Vietnam’s footwear, bag exports estimated at $19.5 billion this year
Exports of footwear, suitcases and bags of all kinds are estimated at 19.5 billion USD in 2018, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
— Viet Nam Net

Pharma sector expects solid growth
Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, with nearly 80 per cent of firms anticipating an annual industry growth rate of more than 10 per cent.
— Viet Nam News

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Cameras installed to improve railway safety
Over 1,500 cameras have been installed at many level crossings, driver’s compartments, and stations in an attempt to limit train accidents.
— Viet Nam Net

Vietnam’s large female workforce attracts investors: Bloomberg
This is one reason why Vietnam is the only emerging Asian nation outside of China that received net foreign portfolio inflows in this bear-market year.
— Hanoi Times

VPBank shaping the future of the banking landscape
Software firm SAP Việt Nam on Thursday announced a partnership with VPBank to equip the company with solutions to serve digital and mobile banking needs in Việt Nam.
— Viet Nam News

3-trillion-VND steel wire factory approved in Quang Ngai
Investment on the Bekaert Vietnam-Dung Quat steel wire and wire rope factory in the central province of Quang Ngai has recently been approved, according to the Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority.

Lào Cai Gold JSC to trade on UPCoM
The Lào Cai Gold JSC has gained approval from the Hà Nội Stock Exchange to trade its 10.5 million shares on the Unlisted Public Company Market (UPCoM), making it the first gold miner to trade on the Vietnamese equity market.
— Viet Nam News

Hiring Mid-Level Managers in Vietnam
Investors in Vietnam are often surprised to learn that their biggest hiring challenge comes during the selection process for mid-level management.
— Vietnam Briefing

SHS to sell nearly 102 million shares to raise capital
Sài Gòn-Hà Nội Securities JSC (SHS) plans to issue more than 101.8 million shares to provide funding for its business activities and double its charter capital.
— Viet Nam News

Realtors struggle to find capital as banks tighten credit
Property developers are seeking money from other sources as bank loans are drying up.
— Viet Nam Net

Object found offshore Phu Yen identified as training torpedo
The floating object found four nautical miles off the coast of Phu Yen province was a training torpedo launched by a foreign navy, according to the Ministry of National Defence.

HCM City to drill under 88 streets
The HCM City Department of Transport plans to use underground drilling methods on construction works located on 88 main or crowded streets.
— Viet Nam Net

Countdown party rings in new year on Nguyen Hue Walking Street
Thousands of people in HCM City are expected to participate in “Lights 2019”, the New Year Countdown party which will be organised on Nguyen Hue Walking Street from 8pm on December 31 until midnight.

State Audit reports on HCM City metro line cost overruns
The State Audit of Viet Nam (SAV) has published a report on a series of violations that have caused major cost overruns for HCM City’s Metro Line No 1 (Ben Thanh-Suoi Tien),
— Viet Nam Net

The hunt for lucky money hots up
Lì xì or giving lucky money is the most anticipated of customs, especially by children during the Lunar New Year festival (Tết).
— Viet Nam Net

Photo contest raises awareness of environmental protection
The Centre of Hands-on Action and Networking for Growth and Environment (CHANGE) isjoining hands with the, a non-profit organisation, in organizing a photography contest titled “Portray Air, Expose Pollution”.

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Police warn of human organs trading via social networks
Criminals are using social networks to buy and sell humans organs, making it difficult for police to catch offenders.
— Viet Nam Net

Solutions to helping end loan-sharking: conference
Increasing the limits of unsecured loans given by banks will prevent people from approaching loan sharks, an online conference hosted by the State Bank of Viet Nam (SBV) heard on December 26.

Chinese purchases of housing in Vietnam soars
Reports about the real estate market in the last two years show a sharp increase in the number of Chinese buyers in Vietnam.
— Viet Nam Net

Wildlife hunting in Gia Lai continues as enforcement remains weak
Reporters posing as customers who want to buy wildlife to keep as pets or to have a party were able to easily access restaurants and refrigerators full of wild animal meat recently.
— Viet Nam Net


Feature photo Nhan Dan

This week’s morning news photo features a defining moment, event, or situation from 2018 for each country as chosen by our editors.


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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