Vietnam morning news for April 5

Vietnam morning news for April 5
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Vietnam morning newsVietnam’s economy is forecast to grow 6.8 percent in 2019 and 6.7 percent in 2020: ADB
The Asian Development Bank (ADB) said in its report “Asian Development Outlook 2019.” Strong exports and domestic demand pushed Vietnam’s gross domestic product (GDP) growth higher in 2018 than in more than a decade, standing at 7.1 percent, but in 2019 and 2020, a weaker external environment will likely moderate growth and narrow the current account surplus, while inflation remains stable this year but will rise somewhat next year, the ADB stated in its report released Wednesday.
— Vietnam Insider

Seafood, forestry contribute to agriculture’s growth in Q1
The agriculture industry posted a year-on-year growth of 2.68 percent in the first quarter of 2019, despite an array of difficulties caused by the African swine fever and unstable export markets, mainly driven by the seafood and forestry sector.

Retail sales, consumer service revenue rise 12 percent in Q1
The total goods retail sales and consumer service revenue surpassed 1.18 quadrillion VND (over 50.8 billion USD) in the first quarter of 2019, up 12 percent year on year, according to the Ministry of Industry and Trade (MoIT).

Vietnam’s shrimp export to Japan shows signs of recovery
The export of Vietnamese shrimps to Japan has shown signs of recovery this year, after a 9.2-percent decrease in 2018.

Promoting rooftop solar energy in Vietnam
Southern Vietnam is anticipated to face power shortages of up to 3.7 billion kWh in 2021, nearly 10 billion kWh in 2022 and approximately 12 billion kWh in 2023, according to Electricity of Vietnam (EVN). Therefore, the development of solar energy projects including rooftop solar power is considered one of the solutions to reduce pressure on the electricity sector.
— Nhan Dan Online

Vietnam, Thailand enhance financial cooperation in ASEAN framework
Vietnamese Minister of Finance Dinh Tien Dung met with his Thai counterpart Apisak Tantivorawong on April 4, discussing priorities in finance issues in ASEAN in 2019 and 2020.

$485-mln Vietnam expressway construction begins
Construction of an expressway connecting the Van Don Economic Zone and Mong Cai town in northern Quang Ninh Province begins on Wednesday.
— VnExpress

54.6 million jobs generated in Q1
An estimate of 54.6 million jobs were added to the Vietnamese workforce in the first three months of 2019, up 0.11 percent from the last quarter of 2018.

HSBC forecasts VN economic slowdown in 2019
Việt Nam’s economy will grow at 6.6 per cent this year, slightly down from last year’s 7.1 per cent, HSBC has forecast in a report it released this week.
— Viet Nam News

Summit seeks to influence policy initiatives on youth entrepreneurship
More than 500 delegates, including hundreds of young people, partners and government officials from 20 countries, exchanged ideas, knowledge and experiences to influence policy initiatives on youth entrepreneurship and social innovation at the second Asia Pacific Youth Co:Lab Summit, which opened in Hanoi on April 4.

Vietsovpetro surpasses oil and gas production targets for Q1
The Vietnam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period.

​​​​​​​Malaysia initiates anti-dumping duty investigation on non-alloy steel from Việt Nam
Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of cold-rolled coils of iron or non-alloy steel originating or exported from four countries, including Việt Nam, China, Japan and South Korea.
— Viet Nam News

GAINS model to help alleviate air pollution in northern localities
The usage rights of greenhouse gas and air pollution interactions and synergies (GAINS) model has been transferred to the Departments of Natural Resources and Environment (DoNREs) of Hanoi, Bac Ninh, and Hung Yen.

PM orders hindrances be addressed to fuel growth
Prime Minister Nguyen Xuan Phuc has issued Directive 09/CT-TTg, specifying solutions to remove obstacles to production and business activities so as to achieve this year’s growth target.
— Bizhub

Binh Duong sees high growth in industrial production in Q1
The southern province of Binh Duong recorded 7.16 percent year-on-year growth on the industrial production index in the first quarter of 2019, said Nguyen Van Danh, Director of the provincial Department of Industry and Trade.

Vietnam Airlines opens self check-in kiosks at Heathrow airport
The national flag carrier Vietnam Airlines has announced that it will introduce automatic check-in kiosks at London’s Heathrow Airport in the UK from April 8.

Credit institutions recover nearly $8.8b of bad debts
Credit institutions in Việt Nam settled more than VNĐ204.4 trillion (US$8.77 billion) of non-performing loans (NPLs) by the end of the first quarter this year, said Nguyễn Thị Hồng, deputy governor of the State Bank of Việt Nam (SBV).
— Viet Nam News

First exhibition on port infrastructure, logistics slated for June
The 2019 International Port Infrastructure and Logistics Exhibition and Conference (Vipilec 2019), the first of its kind in Vietnam, is set to take place in Ho Chi Minh City from June 12 to 14.

Ho Chi Minh City to tear down 15 old apartment buildings
The Department of Construction of HCM City plans to tear down 15 grade-D apartment buildings in the city by 2020 to ensure safety for residents.
— Eleven Myanmar

Int’l broadcast and audio-video expo opens in HCM City
The 7th Vietnam International Broadcast & AV Show opened at the Saigon Exhibition and Convention Center in Ho Chi Minh City on April 3.

Foreign investors set their sights on poorly-performing banks
Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguy�…n Trí Hiếu.
— Viet Nam News

Da Nang ranked among top destinations in 2019
The central city of Da Nang has been included in a list of 52 places to go in 2019 by The New York Times, which has an international readership.

Vinh Phuc police seizes 20,000 meth pills
The police in the northern province of Vinh Phuc have brought to light a drug trafficking ring and found nearly 20,000 meth pills, the largest quantity of illegal drugs seized in the province so far.

US hopes for second aircraft carrier visit to Vietnam this year
WASHINGTON: The United States hopes to reach agreement for another aircraft carrier visit to Vietnam this year and for such port stops to become a regular feature of the increasingly close relationship between the former Vietnam War enemies, a senior US defence official said on Wednesday (Apr 3).
— Channel NewsAsia

Symposium looks at northern border defence war, defence experience
The northern border defence war in 1979 and Vietnam’s defence experience were the main themes of a scientific symposium held in Ho Chi Minh City on April 4.

Rice drags Q1 agro-forestry-fishery exports down
Agriculture, forestry and fisheries exports value went down 2.9 percent year-on-year in the first quarter of 2019 to $8.8 billion.
— VnExpress

Vietnam exports organic Bapula chocolate to Japan
Vietnam’s Amazon Foods Co., Ltd., and Vung Tau Red Sun Co., Ltd., have signed an exclusive contract with Japan’s Cpoint Corporation to distribute organic Bapula chocolate products in Japan.

USAID-funded project helps Thua Thien-Hue reduce waste on rivers
A non-refundable assistance package provided by the US Agency for International Development (USAID) for the central province of Thua Thien-Hue to recycle urban waste has reaped positive results since its launch in August 2018.


Feature photo Mekong Commons

This week’s Vietnam morning news photo features International Mine Awareness Day, April 4. 


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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