Vietnam morning news for December 5

Vietnam morning news for December 5
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Vietnam morning newsFoxconn Plans IPhone Plant In Vietnam In Response To US-China Trade War
Taiwanese electronics assembler Foxconn Technology Group is planning to open an iPhone manufacturing facility for Apple in Vietnam to mitigate the effects of the US-China trade spat, the Vietnam Investment Review reported on October 3.
— Investvine

Manufacturing sector output rises at near-record pace in November
Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) rose from 53.9 points in the previous month to reach 56.5 points in November, according to the latest survey from Nikkei’s IHS Markit, released on Monday.
— Viet Nam News

Vietnam proactively integrates into global economy: Deputy PM
The Government of Vietnam persistently pursues the policy of comprehensive integration, with a focus on international economic integration in a proactive, pragmatic and politic manner, Deputy Prime Minister Vuong Dinh Hue affirmed at a forum held in Hanoi on December 4.
— Nhan Dan Online

US$8.3 billion invested in industrial parks and economic zones
In the first 11 months of this year, total foreign direct investment (FDI) in new industrial and economic zones increased by US$8.3 billion, according to the Department for Economic Zones Management under the Ministry of Planning and Investment.
— Viet Nam News

Enterprises’ observance of import-export laws to be evaluated
A workshop took place in Hanoi on December 4 to collect feedback from enterprises on a draft circular to evaluate the level of law observance in imports and exports and transit of goods.

ADB approves $100 million loan to boost VN’s financial sector
The Asian Development Bank (ADB) has approved a US$100 million policy-based loan to develop Việt Nam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.
— Viet Nam News

Vietnam’s new power monopoly
Vietnam’s top leadership positions, the general secretary of the Communist Party of Vietnam (CPV) and the president, are traditionally held by two different people. This separation ceased to exist on 23 October 2018, when the National Assembly elected General Secretary Nguyen Phu Trong as president, filling the vacancy created by the sudden death of former president Tran Dai Quang on 21 September.
— East Asia Forum

Vietnam launches crooked cop hotline amid corruption crackdown
Vietnam has set up a telephone hotline for people to report accusations of police corruption, state media said on Tuesday, amid a crackdown on graft in the Southeast Asian country that has jailed dozens of officials.
— Reuters

Vietnam’s beer market is promising land for global brands
The 90-million population market is projected to swallow over 4.1 billion liters of beer in 2020 and 5.6 billion liters by 2035.
— Viet Nam Net

PM asks Lotte Group to support Vietnamese start-ups
Prime Minister Nguyen Xuan Phuc has asked the Lotte Group of the Republic of Korea (RoK) to foster the growth of Vietnamese start-ups by setting up a fund to support young business hopefuls.

VNA, Thailand’s Public Relations Department deepen cooperation
The Vietnam News Agency (VNA) and the Public Relations Department (PRD) of Thailand will increase the exchange of information, especially in-depth reports on cultural and socio-economic affairs, with a view to affirming their role in providing official information in the era of digital technology.
— Vietnam+

Việt Nam ranks 6th on Global Climate Vulnerability list; MoNRE responds
At the 24th UN Conference on Climate Change (COP24), Germanwatch released the most up-to-date Climate Risk Index ranking, which analyses the extent to which each country has been affected by weather-related loss events.
— Viet Nam News

ADB approves loan for financial development in Vietnam
The Asian Development Bank (ADB) has approved a 100 million USD loan to develop Vietnam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.

Vietnamese firms seek consumers on global sites
Hundreds of Vietnamese enterprises are rushing to market their products, such as coffee, pepper, vegetables and craft items, on international ecommerce platforms.
— Viet Nam Net

Steps taken to draw foreign investment in Vietnam’s infrastructure
Vietnam needs about US$480 billion for infrastructure investment by 2020, with additional projects in the pipeline including around eleven power plants with total capacity of 13,200 MW and about 1,380 km of highway.
— Viet Nam Net

Deals worth 2 billion USD to be signed at tourism summit
Contracts worth 2 billion USD are expected to be signed between Vietnamese and international partners during the first Vietnam Travel & Tourism Summit.
— Vietnam+

Investors rush to develop solar power projects
Vietnamese manufacturing business conditions improved to one of the greatest extents in the country’s almost eight-year survey history during November amid strong and accelerated expansions of output and new orders.
— Viet Nam Net

Japanese consumer goods producers explore Vietnamese market
“Good Goods Japan 2018”, a business networking event for Japanese high-quality household commodities and consumer goods, was held in Ho Chi Minh City on December 4, drawing the participation of nearly 50 Japanese firms who want to boost exports to Vietnam, and some 100 domestic businesses.
— Vietnam+

Fair promotes Vietnam-China border trade
The 18th Vietnam-China border economic and trade fair kicked off in Hekou district of China’s Yunnan province on December 4, with various products on display.

Concerns for Vietnam amid rising Chinese investment inflow
Experts said that the government and domestic firms must take actions against Chinese firms, which ship their unfinished products to Vietnam and then export them to the US through a Vietnam-based firm as an intermediary to avoid tariffs.
— Viet Nam Net

Foreign-invested firms interested in cyber security, IP rights
Legal frameworks, policies on intellectual property rights and cyber security were topics of interest for enterprises, especially foreign-invested companies, at the Vietnam Business Forum (VBF) 2018.

VN spends $260 m to import cars in November
About 13,000 cars worth US$260 million were imported to the Vietnamese market in November, up 2,000 units and $27 million compared with previous month, according to the most recent General Statistics Office (GSO) report.
— Viet Nam News

Novartis joins Health Ministry to find solutions for easing pressure of rapidly aging population
Rapidly aging population comes with both opportunities and risks, requiring the healthcare system of Vietnam in particular and Asia to find solutions for rapid yet sustainable development.
— Viet Nam Net

“GOOD GOODS Japan 2018” business-matching event in HCM City
The “GOOD GOODS Japan 2018” business-matching event held today in HCM City features high-quality Japanese household commodities and consumer goods.
— Viet Nam News

Prince Andrew’s visit gives boost to Vietnam-UK ties: Deputy PM
Deputy Prime Minister and Foreign Minister Pham Binh Minh had a meeting with the Duke of York, Prince Andrew, in Hanoi on December 4, expressing his belief that the guest’s visit will create new momentum for Vietnam and UK to optimize their complementary advantages.

Hanoi puts the brakes on congestion
Hanoi is trying to implement measures to restrict the number of personal vehicles in the inner city in an effort to reduce traffic congestion and pollution.
— Viet Nam Net

Kien Giang pilots to place artificial reefs around Phu Quoc
The Mekong Delta province of Kien Giang has coordinated with Thailand to place artificial reefs in waters around Phu Quoc island to restore, preserve, and develop local fisheries resources.
— Viet Nam Net

Mandatory social insurance for expat workers causes headache
Identifying those foreign laborers who are subject to compulsory social insurance, as per a new decree effective on December 1, can be quite difficult.
— Viet Nam Net

Exhibition of old maps, photos shows Saigon of 200 years ago
An exhibition of old maps and panoramic pictures of Saigon is on at Nguyen Van Binh Street in the city’s District 1 from November 30 to December 9. It has 15 ancient maps, both printed and hand-drawn, created between 1799 and 1922.
— VN Express

Foreign investors pour US$145 billion into Vietnam’s industrial and economic zones
Vietnam`s industrial parks and economic zones remained the country`s magnet in attracting foreign investment.
— Viet Nam Net

Slow privatization hinders Vietnam from luring more foreign investment
The government will intensify inspections over not only all SOEs and state-funded projects, but also over the heads of these enterprises about how they have obeyed state regulations about privatization and divestment.
— Viet Nam Net

Campaign launched to fight smuggling, commercial frauds
The National Steering Committee on the Prevention and Control of Smuggling, Trade Fraud and Counterfeit Goods (National Steering Committee 389) has launched a peak-season anti-smuggling, commercial fraud and counterfeit goods campaign ahead of the upcoming lunar New Year (Tet) festival.

Co-working spaces becoming increasingly popular
With high office rent in Vietnam, especially compared with other ASEAN countries, co-working spaces have become increasingly popular.
— Viet Nam Net

HNX collects $415m from share auctions in November
The Hà Nội Stock Exchange (HNX) organised five auctions for divestment in November with total transaction value of more than VNĐ9.7 trillion (US$415 million).
— Viet Nam News

Retail, services sales hit $156b
The country’s total retail sales and services revenue reached US$156 billion in the first 11 months of the year, rising 11.5 per cent over the same period last year, or 9.34 per cent with inflation excluded.
— Viet Nam News

Red carpet for FDI, grey carpet for Vietnam’s environment
he great achievements in attracting large amounts of FDI have been overshadowed by concerns about pollution risks.
— Viet Nam Net

Exploring serene Lan Ha Bay – the “second” Ha Long bay of Vietnam
With around 400 islands covered with diversified species of plants, Lan Ha Bay in Cat Ba island district, in the northern port city of Hai Phong, has risen to become a “second” Ha Long Bay of Vietnam on the tourist map.
— Nhan Dan online

Cambodian PM’s Vietnam visit to advance traditional friendship: official
Cambodian Prime Minister Samdech Techo Hun Sen’s visit to Vietnam from December 6-8 is sure to be a success, helping enhance the traditional friendship between the two countries, according to a Cambodian official.

Việt Nam considered gateway for RoK to enter ASEAN: forum
Việt Nam is seen as a gateway for businesses from the Republic of Korea (RoK) to enter the ASEAN market, said experts at a forum in Hà Nội on December 3.
— Viet Nam News

Festival to celebrate Vietnam-France diplomatic ties
The Vietnam- France Festival will be held at the Institute of Cultural Exchange with France (IDECAF) in Ho Chi Minh City on December 5 as part of the city’s cultural activities to celebrate 45 years of diplomatic relations between Vietnam and France.

Việt Nam’s third-cycle UPR national report released
Việt Nam has implemented 175 out of the 182 recommendations by the UN Human Rights Council’s (UNHRC) second-cycle Universal Periodic Review (UPR) which it accepted in June 2014, heard a seminar in Hà Nội on Monday.
— Viet Nam News

Inspections up in Lào Cai ore trade
The General Department of Market Surveillance is examining the transportation of ore and minerals in border areas in the northern province of Lào Cai after the media reported ore was being smuggled from the province into China.
— Viet Nam Net

2nd nutritional survey of children to begin in 4 Southeast Asian countries
Global dairy company Royal FrieslandCampina will carry out the second Southeast Asia Nutrition Survey (SEANUTS II) in collaboration with reputed research institutes and universities.
— Viet Nam News


Feature photo manhhai

This week’s Vietnam morning news feature photo acknowledges International Day of Persons with Disabilities, December 3.


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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