Vietnam Morning News For November 14

Vietnam’s New Bamboo Airways Can Finally Take Off
Vietnam’s Ministry of Transport on November 12 officially granted an aviation business license to Bamboo Airways, the latest airline in the country to take to the skies. The airline now plans to make its maiden flight before the end of this year.
— Investvine

New aviation decree to ease burden for firms
A Governmental decree drafted by the transport ministry to simplify business conditions for potential investors in the aviation sector has been sent to Prime Minister Nguyen Xuan Phuc for approval.
— Bizhub

VN maintains tariffs on steel imports
Viet Nam’s Ministry of Industry and Trade (MoIT) on Monday released a decision to maintain anti-dumping duties on H-shaped and coated steel products imported from China and the Republic of Korea.
— VietNamNet Bridge

Vietnamese banks race to end cross-ownership to obey law
The State Bank of Vietnam (SBV) expects to put an end to cross-ownership in the banking system by 2020.
— The Hanoi Times

Vietnam shifts to export high-quality rice
Vietnam is trying to re-position itself as an exporter of high-quality rice instead of low-quality white rice.
— VietNamNet Bridge

Measures to promote sustainable exports of wood and forestry products
The export value of wood and forestry products reached over US$7.6 billion in the first 10 months of the year, a year-on-year increase of 16.12% and accounting for 23.375 of the total export turnover of agriculture, according to the Vietnam Timber and Forest Product Association (Vifores).
— Nhan Dan Online

Vietnam taps opportunities to thrust exports to US
The US is the largest export market of Vietnam, with export turnover hitting 39 billion USD in the first ten months of 2018, representing a year-on-year increase of 12.8 percent.
— VietnamPlus

Vietnam has opportunities to boost white-leg shrimp exports to EU
Vietnam has many opportunities to increase white-leg shrimp exports to the European Union (EU) in the future, according to the Vietnam Association Seafood Exporters and Producers (VASEP).
— VietnamPlus

Seraphim Solar bags 80MW module supply deal in Vietnam
Seraphim Solar has signed agreements to provide modules for two separate PV projects totalling 80MW in Vietnam, developed by a joint venture between Vietnam-based firm AMI Renewables and AC Energy of the Philippines.
— PV Tech

Hanoi looks to non-smoke tourism
The Hanoi Tourism Association has been working to promote a smoke-free environment in restaurants, hotels and tourism spots in the capital city.
— Vietnam Insider

More than half of German businesses wish to expand investment in Vietnam
54% of German companies wish to expand their business in Vietnam over the next 12 months and 52% want to hire more employees for their factories, according to a survey announced by the Delegate of German Industry and Commerce in Vietnam (GIC/AHK Vietnam).
— Nhan Dan Online

Vietnam traceability and safety: New Zealand pledges to enhance food collaboration
Vietnam is looking to New Zealand for assistance in food traceability and food safety, with the sixth Vietnam-New Zealand Joint Trade and Economic Commission (JTEC) agreeing a raft of collaborations.
— Food Navigator

Vietnam to attend world’s largest food, beverage expo in UAE
As many as 20 Vietnamese enterprises operating in the agro-fishery-forestry, processed food and beverage sectors will attend the 24th edition of Gulfood, the world’s largest annual food & beverage trade exhibition, in the United Arab Emirates from February 17-21, 2019.
— VietnamPlus

Major SOEs transferred to state capital management committee
The Committee for Management of State Capital at Enterprises (CMSC) and the two Ministries of Finance and Information and Communications reached deals on November 12 to transfer the ministries’ right to represent the owner of State capital at their firms to the CMSC.
— Nhan Dan Online

SBV urges customer info security
The State Bank of Viet Nam has issued a decree asking businesses to enhance customer information privacy after an alleged breach of mobile retail chain The Gioi Di Dong (Mobile World) revealed personal information of more than five million customers.
— Bizhub

Viet Nam climbs list of attractive countries for expats: survey
This year Viet Nam has increased its ranking from 23rd to 19th among countries where expats are eager to live and work in HSBC’s annual Expat Explorer survey.
— Bizhub

Central province to pilot ‘green’ energy for fishing boats
The central district of Núi Thành in Qu?ng Nam Province, in co-operation with SolarBK Holdings, has commenced a pilot project to develop a solar power system for its off-shore fishing fleet to supply ‘green’ energy for use during long trips.
— Viet Nam News

Credit institutions urged to resolve bad debts
Governor of the State Bank of Viet Nam Le Minh Hung has urged credit institutions and foreign banks’ branches to further speed up the settlement of non-performing loans (NPLs).
— Bizhub

SCIC, MobiFone, Vietnam Airlines handed over to “super committee”
The transfer of Vietnam’s major SOEs to the commission is a necessary move in improving the corporate governance of state firms.
— The Hanoi Times

How Line is nurturing Vietnam’s engineering community
In September, more than 50 senior software engineers gathered at the Tech Hub at Vietcapital Building in Ho Chi Minh City, Vietnam. The occasion? Line, which is known for its messaging app, hosted its first developer meetup in the country.
— Tech in Asia

FDI firms with suspected losses put under close control
Approximately 50-60 percent of total FDI firms reported losses, meaning they didn’t have to pay CIT, while revenues from the FDI sector had been growing strongly.
— The Hanoi Times

Hackers up the ante, threatening major Vietnamese firms
After hitting Vietnam’s top mobile phone retailer and baby products chain, hackers offer to sell information on another big firm.
— VnExpress

Interest in Singles’ Day sales skyrockets in VN
An analysis conducted by online shopping aggregator iPrice found that Viet Nam’s interest in November 11 Singles’ Day sales skyrocketed this year.
— Vietnam Insider

Modern format stores luring away Vietnamese shoppers: survey
Though traditional trade, including wet markets, still dominates in the country, modern channels have gained impressive momentum, according to Nielsen’s latest Shopper Trend report.
— VietNamNet Bridge

Vingroup dives into pharmaceuticals with 11 VinFa stores
With a series of locations in trade centers and large-scale urban areas, VinFa promises to become a heavy-weight competitor of Mobible World and FPT Retail in the pharmaceutical industry.
— Vietnam Insider

Laos, Cambodia, Vi?t Nam agree to jointly promote Buddhism
Buddhists from Laos, Cambodia and Vi?t Nam gathered in Vientiane on Tuesday for the first Cambodia, Laos and Vi?t Nam Buddhist Leaders’ Conference, which aimed to strengthen co-operation in promoting Buddhism in the three countries.
— Viet Nam News

Cambodia pledges to support Vietnamese Cambodians in Tonle Sap Lake
Cambodian Deputy Prime Minister and Foreign Minister Prak Shokhonn on November 13 affirmed that his country will work to support the Vietnamese-Cambodian community in Tonle Sap Lake to resettle.
— Nhan Dan Online

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).

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