Vietnam morning news for April 15

Vietnam morning news for April 15
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Vietnam morning newsVietnam to step back and take relook at high-speed rail
The much vaunted $58.71 billion trans-Vietnam high speed rail needs a fresh cost-benefit analysis, government leaders say.
— VN Express

Vietnam’s exports to CPTPP countries set to surge
Vietnam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to increase strongly through 2030, reaching 25 percent of the nation’s total exports, according to the Ministry of Industry and Trade (MOIT).

Vietnam woman in Kim brother murder to be freed on May 3
A Vietnamese woman accused of killing the half-brother of North Korean leader Kim Jong Un will walk free on May 3, her lawyer said Saturday. Following diplomatic pressure from the Vietnamese government, Malaysian prosecutors had dropped the murder charge against Doan Thi Huong on April 1. …
— The Independent

Harsh’ tactics used to keep wages low for Vietnamese…
European and U.S. fashion brands sourcing from Vietnam must stop their “harsh” tactics that push down workers’ wages and trap millions in poverty, labour rights campaigners said on Thursday.
— Brinkwire

Vietrade, Amazon Global Selling support local businesses
The Ministry of Industry and Trade’s Việt Nam Trade Promotion Agency (Vietrade) and Amazon Global Selling announced a plan on Thursday to help Vietnamese businesses boost exports and develop brands through e-commerce.
— Viet Nam News

Nation’s growth engine should retain greater share of revenues: HCMC party chief
Ho Chi Minh City’s population makes up 9.5 percent of the nation’s 95 million, its labor force accounts for 8.2 percent of the nation’s, and it contributes on average 27 percent of the state’s annual budget collection, the municipal’s Party chief Nguyen Thien Nhan said.
— VN Express

Vietnam to face an increase in energy demand as economy is growing rapidly
Vietnam’s economy is forecast to grow at a rate of between 6.5 and 7.5 percent per year from now until 2030 – resulting in additional demand for energy. At the moment, Vietnam is looking to expand its coal sector to meet this growing energy demand.
— Vietnam Insider

Ha Nam opens e-commerce trading floor
The industry and trade department of Ha Nam Province launched a provincial e-commerce trading floor for local businesses on Thursday.

Use of benzoic acid in chili sauces safe, despite Japan’s recall: Food administration
The fact that Japan forbids the use of benzoic acid as a preservative in chilli sauce while Viet Nam allows it does not indicate the country’s slack food safety standards, Viet Nam’s food administration said.

Lao students in Son La province celebrate New Year festival
The Tay Bac University held a programme on April 13 to celebrate the traditional New Year of Laos – Bunpimay for hundreds of Lao students studying in the northwestern province of Son La.

HCM City seeks to sell thousands of resettlement apartments in District 2
HCM City will continue to try and auction 5,034 resettlement apartments and 43 land lots designed for building relocation housing following earlier unsuccessful attempts, according to the Department of Construction.
— Viet Nam News

Netherlands looks forwards to cooperation in wind power development
A delegation from the Netherlands expressed their wish to cooperate with Ba Ria-Vung Tau to develop wind power during a working session with the southern province’s officials on April 12.

Fitch rates EVNNPT ‘BB’ for first time
Fitch Ratings has assigned Vietnam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ‘BB’ with a stable outlook for the first time.

Suspended projects need solutions
The HCM City Real Estate Association (HoREA) on April 10 urged the city to speed up the inspections of suspended property projects to protect real estate enterprises’ legitimate rights and prevent losses.
— Viet Nam News

Renewable-energy plan could help Vietnam meet power goals by 2030
A long-term plan for renewable energy sources such as solar and wind must be devised for Vietnam to realise its goal of connecting the entire country to the national grid, experts have said.

Habeco forecasts profit to drop a third to 10-year low
The Hà Nội Beer-Alcohol-Beverage JSC (Habeco) has forecast its post-tax profit will fall 36 per cent year-on-year to VNĐ310 billion (US$13.3 million) in 2019, the lowest in 10 years.
— Viet Nam News

Infrastructure overloaded in new residential areas
Many infrastructure facilities, including roads are overloaded as many new residential areas have been built and the number of means of transportation rapidly rise in suburban areas of Ho Chi Minh City in the past few years.

Hung Kings’ death anniversary commemorated nationwide
An incense offering ceremony was held in the northern midland province of Phu Tho on April 14 (or the tenth day of the third lunar month) to commemorate the death anniversary of Hung Kings, the legendary founders of the nation.

Brother of Vietnam’s richest man was arrested, here is why
According to a report on Channel News Asia, a conservative leadership that came to power in the one-party state in 2016 has carried out the sweeping campaign, going after high-rolling executives once thought to be untouchable in Vietnam.
— Vietnam Insider

Quang Nam seeks to save Cua Dai Beach from erosion
The appearance of a 15ha sandbank, 1.8km off the Cua Dai Beach since early this year offers a chance to research changing riverhead flows and sand sedimentation at lower lands, according to experts.

Bad debt handling to be audited
The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Việt Nam (SAV).
— Viet Nam News

Vietnam, US vow to deepen cooperation in energy security
Vietnam and the US reiterated their commitments to deepening cooperation in energy security during their second energy security dialogue in Washington D.C on April 12.

Ca Mau to plant more acacia trees as profits rise
The southernmost province of Ca Mau is expanding the farming area of acacia trees which offer high income for farmers.

Việt Nam wants IMF’s policy consultancy: Deputy PM
The Vietnamese Government hopes to receive advice from the International Monetary Fund (IMF) to improve its securities market, price regulation and macro-economic policies, Deputy Prime Minister Vương Đình Huệ said.
— Viet Nam News

Get-together marks 40th founding anniversary of Front 479
The Vietnam-Cambodia Friendship Association (VCFA) and former volunteer soldiers of Front 479 co-organised a get-together in Hanoi on April 14 to celebrate the 40th founding anniversary of the front.

Nghe An: Alarm raised over pollution at craft villages
Environmental pollution in some craft villages, especially food processing villages in the central province of Nghe An, has gotten worse. It not only affects the local communities but also raises concerns over food safety.

Việt Nam has great potential to develop renewable energy: experts
The Sài Gòn High-Tech Park Incubation Centre (SHTP-IC) and New Energy Nexus in Southeast Asia are kicking off the New Energy Nexus programme to support Vietnamese start-up companies in the renewable energy field.
— Viet Nam Net

Ben Tre eyes sustainable development of marine economy
The Mekong Delta province of Ben Tre will develop its maritime economy over the next decade, focusing on fishing, tourism and renewable energy, according to the provincial People’s Committee.

International Food Festival closes in Hoi An city
The 4th Hoi An International Food Festival wrapped up in Hoi An ancient city in the central province of Quang Nam on April 14.

Deal signed to build cyclic plastic waste disposal plant on Phú Quốc Island
Dutch company Upp! UpCycling Plastic and Toàn Hải Vân JSC (a member company of TTC Land) on April 11 signed a co-operation agreement to build a cyclic plastic-waste disposal plant on Phú Quốc Island Island.
— Viet Nam Net

Thanh Hoa: Old temple named special national relic site
The Temple of Le Hoan – a king of Vietnam in the 10th century – in Xuan Lap commune of Tho Xuan district, the central province of Thanh Hoa, has been honoured as a special national relic site for its special artistic architecture.

Two Indian naval ships visit Vietnam
Two ships INS Kolkata and INS Shakti of the Indian Navy docked at the Cam Ranh International Port in the south central province of Khanh Hoa on April 13, beginning a four-day visit to Vietnam.


Feature photo

This week’s Vietnam Morning News feature photo acknowledges the Hung Kings Festival


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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