Vietnam morning news for February 22

Vietnam morning news for February 22
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Vietnam morning newsHanoi values World Bank’s support in transport development
Hanoi appreciates the World Bank (WB)’s assistance and collaboration in improving local people’s living standards and developing urban infrastructure, particularly in transport, stated the city’s leader.

Viet Nam’s economic freedom up 2.2 points: Heritage Foundation index
Viet Nam’s economic freedom score is 55.3, making its economy the 128th freest in the 2019 Index. Its overall score has increased by 2.2 points, with a sharp increase in fiscal health and higher scores for investment freedom, according to the Heritage Foundation’s Index of Economic Freedom.
— Bizhub

Blue chips save Vietnam stock market blushes
Strong growth in blue chip stocks raised the VN-Index by 17 points Thursday despite most other stocks falling in value.
— VietnamPlus

Non-wood furniture exports on the rise
Vietnam is current the top exporter of wood and furniture in Southeast Asia, the second biggest in Asia and the fifth in the world, according to the General Department of Vietnam Customs.

Vietnam’s foreign investment policies will be fine-tuned
Vietnam had more than 27,500 valid FDI projects involving 130 countries and territories with a total committed capital of 340 billion USD as of December 31, 2018. FDI accounts for 20% of Vietnam’s GDP and 70% of its annual export revenue, contributing to the recent trade surplus.
— Vietnam Insider

Da Nang mulls $200 million investment in horse-racing course
A horse-racing course and horse breeding center are two proposed projects being considered by Da Nang City for 2019, worth a total of $200 million.
— VnExpress

2018 a successful year for wood industry
2018 was a successful year for the wood industry, with the export of wood products earning the country over 8.9 billion USD (not including non-wood forestry products), up 14.5 percent from the previous year.
— VietnamPlus

EC’s yellow card for Vietnam seafood remains in place
The European Commission (EC) had earlier announced it would dispatch a working team to Vietnam last month to review the country’s efforts to handle illegal fishing. However, it missed the scheduled date, so the yellow card for the country’s seafood remains in place, Thanh Nien Online newspaper reported.
— VietnamNet Bridge

Vietnam, China bolster defence cooperation
A high-ranking military delegation of Vietnam led by Deputy Minister of National Defence Sen. Lt. Gen. Nguyen Chi Vinh is paying a working visit to China from February 19 to 22.

Potential upgrade of Vietnam’s stock market to attract additional of US$1.2 billion
The reclassification would help Vietnam’s stock market become more attractive in the eyes of new investors, facilitating a new wave of capital into the country.
— VietnamNet Bridge

HCM City’s An Suong tunnel project suspended
A project to build a second branch of a double tunnel at An Suong intersection in Ho Chi Minh City’s district 12 has been suspended because affected households have refused to move and accept the compensation amount.

Vietnam biosphere reserve to charge entry fees
The Pu Mat National Park will start collecting entrance fees for several locations to help maintain the biosphere.
— VietnamPlus

Kim Jong Un may travel more than 2,500 miles to Vietnam via his signature train for Trump summit
North Korean leader Kim Jong Un’s journey to Vietnam for his second summit with U.S. President Trump may take much longer than others.
— Foxnews

Global ETFs may eye eight VN blue chips
Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Việt Nam gets upgraded from a frontier to an emerging market in 2020, according to Bảo Việt Securities Company (BVSC).
— Viet Nam News

Regulations needed to support household businesses
The amendments to enterprise and investment laws should be aimed at promoting the development of the private sector, a conference held in Hà Nội was told on Wednesday.
— Viet Nam News

Star apple shipment to US to increase threefolds
The Mekong Delta province of Tien Giang aims to ship 300 tonnes of star apples to the United States until the end of the 2018-2019 crop, raising the shipment of the fruit to 400 tonnes, or three times compared to the previous year.
— VietnamPlus

HCMC focuses on industrial products
The HCM City People’s Committee will offer more support such as workforce training and financial assistance to companies that make key industrial products.
— Viet Nam News

Hoa Phat exports steel pipe to India for first time
The Hoa Phat Steel Pipe Company Limited has announced the first order to export around 1,000 tonnes of galvanised steel pipe worth 600,000 USD to India.

Awards recognise Vietnamese firms with high-quality products
The 2019 High-Quality Vietnam Goods awards were presented to 542 businesses at a ceremony in Ho Chi Minh City on February 20.
— VietnamPlus

HCM City, Russia share anti-corruption experience
Chairman of the HCM City People’s Committee Nguyen Thanh Phong received visiting deputy head of the Anti-Corruption Department of the Russian President Alexander Anikin in the city on February 20.

Divorcing coffee power couple squabble over settlement
Vietnam’s so-called “coffee king” wants 70 percent of the 30 percent stake he jointly owns with his estranged wife in Trung Nguyen Group.
— VietnamPlus

VinFast to test its first car for safety in Europe next month
VinFast, Vietnam’s first indigenous car manufacturer, plans to test its first vehicle for safety parameters in Europe on March 6.
— VietnamPlus

Thai firm to acquire Agribank subsidiary
Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of VNĐ523 billion (US$22.45 million).
— Viet Nam News

Vietnamese firms need to win over local customers
Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) Vũ Tiến Lộc talks with Vietnam News Agency about potential policies to deal with the reality that Vietnamese products face fierce competition from imported ones, in part due to the impacts of free trade agreements and the increasing diversification of modern foreign distribution channels into the domestic market.
— Viet Nam News

Deputy PM: Vietnam treasures strategic partnership with Germany
Deputy Prime Minister and Foreign Minister Pham Binh Minh has affirmed that Vietnam always treasures its strategic partnership with Germany – a leading partner of Vietnam in Europe.

Military Veterans Advocacy: Agent Orange effects go beyond Vietnam
While a battle rages over whether the VA should provide benefits to Blue Water Navy vets who served off the coast of Vietnam and were effected by Agent Orange, another fight over the effects of the chemical exfoliant is centered on the U.S. territory of Guam. The exposure to service members stationed on the tiny Pacific island, which is home to large Navy and Air Force installations, is a growing concern to some veterans groups.

Chinese, Korean firms seek investment opportunities in Binh Phuoc
A delegation from Food Valley of China (FVC) led by former Chinese Ambassador to Vietnam Hu Qianwen made a fact-finding tour to the southern province of Binh Phuoc on February 20 to study the possibility of boosting exports via official channels to China.

Chinese group eyes factory in Bac Giang
The Lenovo Group from China has expressed its desire to develop a computer component manufacturing factory in the northern province of Bac Giang during a recent meeting with local authorities.
— VietnamPlus

NA Standing Committee to convene 31st meeting on Feb. 21
The 14th National Assembly (NA) Standing Committee will hold its 31st meeting in Hanoi on February 21 to discuss several draft laws.

HCM City’s need for waste treatment increases rapidly
Ho Chi Minh City is under great pressure to handle an increasing amount of domestic waste as well as hazardous medical and industrial waste, according to the municipal Department of Planning and Investment.


Feature photo Sarahhoa


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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