Vietnam morning news for October 25

Vietnam morning news for October 25
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Vietnam morning newsVietnam crude oil output to fall 10 pct a year through 2025 – PetroVietnam
Vietnam’s crude oil output is expected to fall by 10 percent a year through to 2025 due to declining reserves at existing fields, Vietnam Oil and Gas Group, or PetroVietnam, said on Wednesday.
— Reuters

Vietnam is world’s third largest exporter of shoes and leather
Vietnam exported US$11.7 billion worth of shoes and leather products in the first nine months of 2018, making it the world’s third largest exporter of shoes and leather, according to the Ministry of Industry and Trade (MOIT).
— Nhan Dan Online

Vietnam’s wood export expands nearly 16%
Vietnam raked in more than 6.7 billion USD from exporting its main forestry products in the first nine months of 2018, up nearly 16 percent year-on-year.
— VietnamNet Bridge (video)

Vietnam meat market remains potential for foreign investors
The average current pork consumption in Vietnam currently is 33.5 kilograms/person, but by 2020, this figure is expected to be 39 kilogram.
— VietNamNet Bridge

Tra fish exports to US enjoy strong surge
Vietnam earned 369.1 million USD from exporting tra fish to the US in the first nine months of this year, up 42.9 percent year-on-year.
— VietnamPlus

Vietnam included in South Korean Lotte’s US$44-billion5-year investment plan
It is the first major business decision after Lotte Chairman Shin Dong-bin was released from jail following an appeals trial, South Korean media reported.
— The Hanoi Times

Emirates Airlines, Vietnam city sign MoUs for tourism, trade
The United Arab Emirates (UAE) Emirates Airlines inked here on Wednesday with Vietnam’s Ho Chi Minh City memorandums of understanding (MoUs) to boost tourism and trade, the carrier said in a statement.
— Xinhua

Low-cost housing increasingly scarce in HCMC
A severe land shortage and lengthy legal procedures have prevented construction of affordable apartments, a new report says.
— VnExpress

NA talks key tasks for next stage of economic growth
There are nine key tasks that must be accomplished in 2019-20 to restructure Viet Nam’s economy, according to the Minister of Planning and Industry Nguyen Chi Dung.
— Bizhub

Banks post strong performances in first 9 months
Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
— Viet Nam News

Investment in infrastructure, socio-economy pays dividends for Can Tho
Gross capital formation in the last three years in the Mekong Delta city of Can Tho was VND157 trillion (US$6.82 billion).
— Bizhub

JETRO makes moves to raise local content in Vietnam’s manufacturing
The Japan External Trade Organisation (JETRO) has been working to increase the level of local content in the manufacturing sector in Vietnam.
— VietnamPlus

Vietnam’s exports to US reach over US$35 billion in first nine months
Vietnam’s exports to the US in the first nine months of the year were estimated at US$35 billion, up 13.2% over the same period of 2017, according to a report on the government website.
— Nhan Dan Online

World leaders congratulate Vietnam newly elected President
Nguyen Phu Trong is the first person since founding father Ho Chi Minh to hold both posts as Vietnam`s party secretary and state president.
— The Hanoi Times

Domestic retailers strive to gain competitive edge
Domestic retailers must work to outline rational business strategies to gain a competitive edge over their foreign rivals, especially as the local retail market has become more attractive than ever to foreign investors.
— VietnamNet Bridge

Ninh Binh earns over 1.1 billion USD from exports in nine months
The northern province of Ninh Binh earned 1.1 billion USD from exports in the first nine months of 2018, up 33.6 percent year on year, helping the locality fulfill 88.9 percent of its yearly target.
— VietnamPlus

Bidding online helps boost public expenditure efficiency
The National Procurement Network was established in 2009 and was officially put into operation nationwide from 2016. To date, the number of tenderers and contractors using the system has increased significantly.
— Nhan Dan Online

Hanoi facilitates sustainable e-commerce development
The capital city of Hanoi has implemented a wide range of measures to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently.
— VietnamPlus

Vietnam ratifies the Montréal Convention 1999
Ratification of the Convention for the Unification of Certain Rules for International Carriage by Air, Montréal, 28 May 1999 (MC99) should lead to greater consistency and clarity in the claims handling process (particularly in relation to calculating compensation which, under MC99, uses the SDR as opposed to the Poincaré Franc) and will support the industries’ e-freight initiatives. It also marks another significant milestone in the success story of Vietnamese aviation.
— Lexology

Vietnam treasures ties with UN: Government leader
Prime Minister Nguyen Xuan Phuc had a meeting with chief representatives of United Nations agencies in Vietnam in Hanoi on October 24, on the United Nations Day.
— VietnamPlus

Mental Healthcare Industry in Vietnam
The mental healthcare industry in Vietnam is still developing. The government has established the National Mental Health Programme (NMHP); however, industry observers have noted that the NMHP only covers approximately 30 percent of the country, and uses a very narrow list of mental illness.
— Vietnam Briefing

Conference spotlights open education in human resource development
The 32nd annual conference of the Asian Association of Open Universities (AAOU) opened in Hanoi on October 24, bringing together about 400 delegates from 20 countries and territories worldwide.
— VietnamPlus

India, Vietnam identify biotechnology, super-computing to take bilateral trade to $15 bn
India and Vietnam have identified biotechnology in agriculture and healthcare, super-computing and remote sensing, among other areas to drive bilateral trade to $15 billion by 2020, the government said on Wednesday.
— Economic Times

Online travel portal to debut on December
An online travel portal, intended to better advertise Vietnamese tourism and facilitate domestic and international visitors, will debut in December.
— Viet Nam News

Vietnam needs to behave wisely when receiving capital from China: experts
Instead of refusing Chinese capital, it would be better for Vietnam to receive capital flow in a tactical way to serve investment for development, experts say.
— VietNamNet Bridge

Vietnam Oil and Gas Group tops Profit500 Ranking
The Vietnam Oil and Gas Group (PVN) returned to the first place in the Profit500 Ranking, a survey on the 500 most profitable companies in Vietnam in 2018.
— VietnamPlus

Viet Nam, Romania seek economic ties
Trade and investment ties between Vi?t Nam and Romania remain modest and have yet to match their full potential, experts said at a seminar introducing the Romanian market in Hà N?i on Monday.
— Viet Nam News

Vietnamese prosecutors support top taxi firm in $1.8 million lawsuit against Grab
Prosecutors have argued in a trial in HCMC that Grab must pay Vinasun compensation for losses it caused through “unhealthy competition.”
— VnExpress

Vietnam man fined for exchanging dollar bill at local gold shop
A man from the Mekong Delta city of Can Tho has been fined VND90 million (US$3,850) for exchanging a dollar bill into Vietnamese currency at a local gold shop that is not licensed to provide currency exchange service.
— Vietnam Insider

Wildlife protection group frees 200th bear from Vietnam bile farm
Animals Asia has rescued a moon bear held captive for nearly two decades for its bile in the northern province of Cao Bang.
— VnExpress


Feature photo Agroecology Learning Alliance

This week’s Vietnam morning news feature photo acknowledges World Development Information Day, October 24.


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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