Vietnam morning news for November 12

Vietnam morning news for November 12
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Vietnam morning newsVietnam’s industrial property to boom amid projected rising FDI inflows
Property services company Savills Vietnam believes that growing foreign direct investment and moving up in the value chain mean Vietnam’s industrial real estate sector has a bright future.
— The Hanoi Times

Vietnam & Cambodia’s grisly museums of war & death appeal most to visitors (videos)
When it comes to the regions arts, culture, and history it seems it is the grisly past that appeals the most to Asean visitors. The regions two most popular museums being testimony to war, pain, death, and destruction.
— AEC News Today (video)

Vietnam posts trade surplus of US$7.21 billion in 10 months
Export value of the FDI sector in the first ten months of 2018 reached US$142.8 billion, up 14.9% year-on-year or US$18.49 billion, accounting for 70.7% of Vietnam`s total export value.
— The Hanoi Times

Vietnam’s listed banks see credit grow 11% in Jan-Sep
It is expected that around VND391 trillion (US$16.76 billion) of credit could flow into the economy in the last quarter of 2018, which will be enough to meet the entire demand of the economy in the remaining months.
— The Hanoi Times

Vietnam’s First Self-Storage Company to Open for Business
With Vietnam’s economy growing rapidly, the need for a business concept called “mini storage” is rising. Reasons enough for Hanoi’s first self-storage company, KingKho, to open for business.
— AEC News Today/ PR Newswire (media release)

Transfer pricing not always tax evasion
The misconceptions about transfer pricing being a tax avoidance or violation in Viet Nam are creating challenges for multinational enterprises, said Adam Sitkoff, executive director of the American Chamber of Commerce in Viet Nam (Amcham).
— Bizhub

Startup Viet 2018 contestants have met tough criteria: organizers
Excellent ideas and clear business models have been produced by contestants, say organizers of the Startup Viet 2018 contest.
— VnExpress

Banks expect higher credit growth limits
More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.
— VietnamPlus

Global contest for social entrepreneurs comes to Vietnam
The Blue Venture Awards, a contest for social entrepreneurs, was launched in HCM City on November 6 to promote development of social enterprises and help solve social and environmental problems in the community.

Vietnamese spend nearly US$4 billion drinking beer annually: Health minister
At the current rate, Vietnam ranked third in Asia in terms of beer volume consumed in 2017, only behind Japan and China, and topped Southeast Asia.
— The Hanoi Times

Online shopping set for year-end boom
Online shopping is expected to surge in the remaining months of this year with many e-commerce players launching promotions.
— Bizhub

Eco-industrial parks critical for development
Developing eco-industrial parks would help Viet Nam attract foreign direct investment and promote sustainable growth.
— Bizhub

Budget airline Vietjet valued second in Southeast Asia
Vietnam’s largest private airline, Vietjet Aviation, is the second most valuable airline in Southeast Asia by market capitalization.
— VnExpress

Binh Thuan province seeks solar policy extension
Some provinces have called for preferential solar power prices to be extended to the end of 2020 instead of June 30, 2019.
— VietnamPlus

Technology simplifies house renting in Viet Nam
“If you have never lost your deposit while renting a house, you have not grown up yet.”
— Viet Nam News

Customs procedures refined
Customs inspections paperwork will be reduced, while procedures and services will be improved to aid firms’ operational activities, experts said during a November 9 conference in HCM City.
— Bizhub

World major brands flock to Vietnam retail market
The liberalization of the retail market has made Vietnam more attractive in the eyes of investors.
— The Hanoi Times

Ticket demand for Vietnam-Malaysia match increases
The demand for tickets to the match between Vietnam and Malaysia in the ongoing ASEAN Football Federation (AFF) Suzuki Cup 2018 is increasing following Vietnam’s 3-0 win over Laos on November 8.
— VietnamPlus

Five Vietnamese airports close after sunset
With few customers, five airports in different regions of Vietnam close at sunset because they do not have runway lights.
— VnExpress

The Story of King Coffee: National Pride and Global Value
Ms. Le Hoang Diep Thao, co-founder of Trung Nguyen Group and founder of King Coffee brand, joins the Allegra Coffee World CEO Forum to share the remarkable story of the Vietnamese coffee industry.
— AEC News Today/ PR Newswire (media release)

Moody’s downgrades outlook on the banking system in Vietnam to stable from positive
Moody’s Investors Service (Moody’s) has changed its 12-18 month outlook on the banking system in Vietnam (Ba3 stable) to stable from positive.
— Vietnam Insider

Six corporations handed over to Committee for Management of State Capital
The Ministry of Industry and Trade (MOIT) held a ceremony in Hanoi on November 10 to transfer the rights of State representatives at six groups and corporations to the Committee for Management of State Capital.
— Nhan Dan Online

Bad management leads to budget overspending: economists
Regular expenses are too high and many expenditure items are unnecessary: these are comments regularly seen in reports about the state budget.
— Vietnam Insider

FCO Minister to visit Singapore, Hong Kong and Vietnam
FCO Minister of State for Asia and the Pacific, the Rt Hon Mark Field MP, arrives in Singapore on the first stop of a visit that includes Hong Kong and Vietnam.
— AEC News Today/ PR Newswire (media release)

Vietnam and Cuba sign trade agreement, pledge to deepen ties
The leaders of Vietnam and Cuba on Friday pledged to deepen relations between two of the world’s few remaining communist countries.
— Kansas

VASEP talks about EP fisheries committee’s IUU fact-finding tour
The Vietnam Association of Seafood Exporters and Producers (VASEP) said a delegation from the European Parliament (EP)’s Committee on Fisheries visited Hanoi and coastal provinces from October 28 to November 2 to examine Vietnam’s efforts to fight illegal, unreported, and unregulated fishing (IUU).
— Nhan Dan Online

Banks to face worker shortage in 4.0 industrial era
More than 56 percent of banks recruited new workers in Q3, but 26.6 percent said they still lacked workers, while more than 61 percent of banks planned to recruit more workers in the fourth quarter, a report says.
— Vietnam Insider

TPBank the first to enable cardless cash withdrawals
The Tien Phong Commercial Joint Stock Bank (TPBank) has become the first bank in Vietnam to allow cardless cash withdrawals using a QR Code at both its ATMs and Livebank service, according to a report from the Vietnam News Agency.
— Vietnam Insider

Ho Chi Minh City renews growth model
Over the years, Ho Chi Minh City’s economy has been continuously growing at a high level, contributing significantly to the development of the country.
— Nhan Dan Online

Two Vietnamese killed in Korea factory explosion
Two Vietnamese workers were killed and two others injured in an explosion at a chemical plant in Wonju city, the east of the Republic of Korea (RoK), on Saturday.
— Viet Nam News


Feature photo World Health Organisation

This week’s Vietnam morning news feature photo acknowledges World Diabetes Day, November 14.


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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