Vietnam Morning News For November 5

Vietjet signs contract to buy 50 Airbus aircraft
Budget carrier Vietjet and France’s Airbus signed a purchase agreement for additional 50 A321neo aircraft worth 6.5 billion USD according to the manufacturer’s list price in Hanoi on November 2.
— VietnamNet Bridge

City to auction 14,000 apartments
HCM City has decided to continue auctioning 14,000 vacant apartments at resettlement sites following the successful sale of 200 in Phu My in District 7.
— Bizhub

Fruit, vegetable exports valued at 3.3 billion USD
Vietnam earned some 3.3 billion USD from vegetable and fruit exports during January-October, up 15.5 percent from the same time last year, the Agro Processing Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development has said.
— VietnamPlus

Vinfast launches electric motorcycle
This morning, Vinfast launched its first electric motorcycle model in Haiphong on the occasion of the opening ceremony of its electric motorcycle manufacturing factory after more than one year of construction.
— Vietnam Insider

Local corporations pay higher corporate income tax
Many local enterprises are concerned about paying higher corporate income tax according to regulations on the deductibility of loan interest under Decree 20, in effect from May 1, 2017.
— VietnamPlus

Renewable energy projects spur foreign investment surge
A series of licensed and agreed in-principle renewable energy projects of foreign investors have contributed significantly to the country’s total FDI inflow this year.
— The Hanoi Times

Who will benefit if Vietnam is upgraded to secondary emerging market?
The Vietnamese stock market will have opportunities to attract billions of dollars worth of capital if it is upgraded to an emerging market.
— VietNamNet Bridge

Vehicles will have to pay to enter Hanoi downtown
By 2030, there will be 1.9 million cars and 7.5 million motorbikes circulating in Hanoi.
— The Hanoi Times

Decree against transfer pricing of foreign multinationals hurts local firms
Major Vietnamese corporations said that the regulation has discouraged them from investing.
— The Hanoi Times

Vietnam could give tech companies one year to obey new cybersecurity law
Vietnam may give internet companies like Google and Facebook one year to comply with a controversial cybersecurity law, according to a draft decree that outlines how the draconian rule could be implemented.
— South China Morning Post

Most Vietnamese want to switch jobs in 2019: survey
Up to 78 percent of Vietnamese employees are looking forward to new jobs with better positions and salaries next year.
— VnExpress

Business environment improved but yet to hit targets: experts
Viet Nam’s business had improved remarkably over the past five years since the Government took action to cut conditions and raise national competitiveness, however, it had not yet reached its targets, said experts at a conference in Ha Noi on Friday.
— Bizhub

New investors offer to save Saigon’s abandoned ‘super project’
At least four companies are interested in reviving Ho Chi Minh City’s eco-urban area project that’s been abandoned for 26 years.
— VnExpress

Controversial truth underlying multimillion-dollar hair extension industry
When it comes to hair extensions, people may think about a quick and easy beauty solution to ladies in a special occasion.
— VnExpress

Supply chain finance helps SMEs in emerging markets
FinTech helps small- and medium-sized enterprises (SMEs) in emerging markets like Viet Nam participate in supply chain finance, spurring company growth, speakers said at an APEC conference on supply chain finance held on Friday in HCM City.
— Bizhub

Vietnamese enterprises unruffled by US-China trade war
Only 19 percent of Vietnamese firms in a survey feel the ongoing U.S.-China trade friction would hinder their business over the next three years.
— VnExpress

National agreements on foreign workers’ social insurance negotiatedv
Vietnam negotiates bilateral agreements over implementation of social insurance policies for foreign workers.
— Vietnam Insider

Conference facilitates connection between Vietnam and ASEAN businesses
An ASEAN business connection conference took place in Kuala Lumpur, Malaysia, on November 2, bringing together about 200 Vietnamese firms, artisans and socio-culture researchers, alongside representatives from the Malaysia-Vietnam Chamber of Commerce and the Vietnamese Business Association in Malaysia.
— Nhan Dan Online

Vietnamese, Japanese localities look to promote economic cooperation
Representatives of the Ho Chi Minh City People’s Committee and Japan’s Hyogo prefecture held a conference in Vietnam’s southern economic hub on November 2 to look for ways to promote the economic cooperation between the two localities.
— VietnamPlus

Google, FB may get one year to comply with Vietnamese cyber law
Vietnam is proposing to allow international Internet companies such as Alphabet Inc.’s Google and Facebook Inc. one year to comply with a controversial cyber law that goes into effect on Jan. 1 and requires them to open local offices and store data of Vietnamese users in the country.
— DealStreetAsia

Vietnam rolls out red carpet for Chinese investors
The Vietnamese Government always welcomes Chinese firms to land investments in the country, Prime Minister Nguyen Xuan Phuc has affirmed.
— VietnamPlus

Xi meets Vietnamese prime minister
Chinese President Xi Jinping on Sunday met with Vietnamese Prime Minister Nguyen Xuan Phuc, who will attend the first China International Import Expo (CIIE) opening Monday in Shanghai.
— Xinhua

French PM visits site of Vietnam 1954 Dien Bien Phu battle
France’s prime minister has visited the site of the 1954 battle of Dien Bien Phu in Vietnam, which led to the end of French presence in Indochina.
— BBC

Margin loans decline on tighter credit policy
Credit segments utilised at securities companies for margin lending will be more tightly controlled next year, while total margin loans at securities companies currently stand at a relatively low level.
— Bizhub

Mekong Delta calls for Japanese investment in 63 projects
Localities in the Mekong Delta region introduced 63 projects, including up to 12 in high-quality agriculture, to call for investment from Japanese firms during a Japan-Mekong Business Cooperation Forum in Can Tho city on November 3.
— Nhan Dan Online

Saigon hotel catches fire, foreign guests panic
Foreign guests panicked after a fire broke out Saturday at a District 1 Saigon hotel, but no casualty was reported.
— Vietnam Insider

Vietnam’s breast cancer warriors bare their breasts
Breast cancer survivors, patients and relatives of those who have died are taking the fight forward by sharing powerful stories.
— VnExpress

Feature photo Beyond Pesticides

This week’s Vietnam morning news feature photo acknowledges International Day for Preventing the Exploitation of the Environment in War and Armed Conflict, November 6.

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.