Vietnam morning news for January 10

Vietnam morning news for January 10
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Vietnam morning news

Vietnam’s Economy Grows the Fastest Since 2011
Driven by the growth in exports, domestic demand, foreign investment, and the manufacturing sector, Vietnam’s GDP grew by 7.08 percent in 2018, the fastest in the last decade.
— Vietnam Briefing

Car manufacturers reduce production, increase imports
Though continuing investment in their production bases, foreign-invested automobile manufacturers in Vietnam are placing high expectations on car imports.
— Vietnam Insider

Jailed Vietnamese Environmental Activist in Declining Health-Brother
Jailed Vietnamese activist Hoang Duc Binh is suffering back pain, rashes from poor hygiene and failing eyesight from being in a dark cell in a prison in Quang Nam province, his brother told RFA’s Vietnamese service on Wednesday.
— Radio Free Asia

Vietnam among hottest destinations for US travelers in 2019
Vietnam has been named among the top ten hot destinations for US travelers in 2019 by the US Tour Operators Association (USTOA).

Vinacomin asked to ensure coal supply, enhance quality
Deputy Prime Minister Trịnh Đình Dũng asked the Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) to ensure sufficient coal supply and seek measures to improve coal quality in 2019.
— Vietnam News

VN oil tanker fire: Search, rescue efforts underway
The Vietnamese Consulate General in Hong Kong (China) is joining hands with local competent authorities to look for two missing Vietnamese sailors, and identify one deceased in the oil tanker blaze in Hong Kong’s southern waters on January 8.

Some agricultural export products from Vietnam encounter difficulty in China
Most large exporters of agricultural products from Vietnam have their eyes set on the Chinese market.
— Fresh Plaza

Controversy over Hà Nội’s no-recording policy
A recent Hà Nội policy barring citizens from taking photos, videos or audio recordings without permission during meetings with public servants has created controversy, with many criticising its implications for transparency efforts.
— Vietnam News

VPBank awards $43,000 scholarships
VPBank has awarded scholarships totalling VNĐ1 billion (US$43,000) to 39 students under its ‘VPBank Talent’ programme and more than 100 as part of ‘Home of Talent’.
— Vietnam News

Ornamental plant growers rush towards Lunar New Year
As Tet (or Lunar New Year) festival draws closer, ornamental plant growers in Hanoi have received a raft of orders for pomelo, peach blossom, and kumquat trees. Ornamental vases come in all shapes and sizes, meeting the varied demands of consumers.

CPTPP to raise national GDP
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help raise Việt Nam’s gross domestic product (GDP) by 1.3 per cent, according to an official from the Ministry of Planning and Investment (MPI).
— Vietnam News

Hai Phong sets socio-economic targets for 2019
The Gross Regional Domestic Product (GRDP) of the northern port city of Hai Phong is expected to grow 15.5 percent and its domestic budget collection is projected to exceed 26.3 trillion VND (1.1 billion USD) in 2019.

SCIC reports profits 52 percent higher than target
The State Capital Investment Corporation (SCIC) reported after-tax profit of 8.25 trillion VND (356 million USD) in 2018, 52 percent higher than the annual target.

Dak Nong to examine last locations for demarcation with Cambodia
The border demarcation and marker planting force in the Central Highlands province of Dak Nong will examine the last section for demarcation along the borderline it shares with Cambodia this year.

TMV marks 11% increase in 2018 car sales
Toyota Motor Vietnam (TMV) achieved a record sales volume of nearly 66,000 units, excluding imported Lexus cars, in 2018, marking a year-on-year increase of 11 per cent.
— Vietnam News

Vietnam, Japan hold fifth environmental policy dialogue
The fifth Vietnam-Japan Environment Policy Dialogue was held in Hanoi on January 9 by the Vietnamese Ministry of Natural Resources and Environment (MoNRE) and the Japanese Ministry of the Environment.

Prosthetics start-up wins Việt Nam Blue Venture Award
Vulcan Augmetics, a start-up that produces modular, affordable prosthetics for everyone, has been named winner of the first Việt Nam Blue Venture Award.
— Vietnam News

Quang Nam protects wild elephants
The central province of Quang Nam has two herds of wild elephants living in some forests in Bac Tra My, Tien Phuoc and Nong Son districts.

A vegetable a day helps to keep the obesity away
Like many 10-year-olds, Trần Dũng Thành loved fast food. What kids don’t?
— Vietnam News

US-based investment fund invests in Organica Vietnam
The Small Enterprise Assistance Funds (SEAF) Women’s Opportunity Fund (SWOF) and Organica Investment JSC signed a cooperation agreement in Ho Chi Minh City on January 9 to develop organic food production and trade.

Over 32,000 tonnes of colour-coated iron exempted from safeguard measures
The Ministry of Industry and Trade (MoIT) has decided to lift safeguard measures from imports of colour-coated iron for 11 enterprises, totalling more than 32,000 tonnes, in 2019.
— Vietnam News

Banks cut interest rates to support firms
Starting from January 10, four State commercial banks will lower interest rates to support domestic firms operating in five prioritised sectors as stipulated by the State Bank of Vietnam.

Deputy PM Pham Binh Minh receives US ambassador
Deputy Prime Minister and Foreign Minister Pham Binh Minh received US Ambassador to Vietnam Daniel Kritenbrink in Hanoi on January 8, highly valuing his guest’s role in promoting the two countries’ comprehensive partnership.

Vietravel ranks first in top 10 travel firms 2018
Tour operator Vietravel was ranked first in the list of Việt Nam’s top 10 prestigious travel and tourism companies in 2018, announced by the Việt Nam Report Company.
— Vietnam News

Inshore shipping routes prove competitive edge
Shipping routes along the coast of Vietnam have played an increasingly large role in transporting goods from the north to the south of the country in recent years, helping ease the burden on road transport.

Vietnam’s fitness platform WeFit raises $1m in funding
Việt Nam’s fitness platform has successfully raised US$1 million in a pre-Series A funding round from Japan’s CyberAgent Capital, the Republic of Korea’s KBInvest and undisclosed angel investors.
— Vietnam News

New possible solutions to Vietnam’s waste problems
Closed-loop organic waste processing technology and de-centralised waste processing are possible solutions for Vietnam’s organic waste problems, experts said at a discussion panel earlier this week.

WB-funded project improves rice production in Kien Giang
A conference reviewing the Vietnam Sustainable Agriculture Transformation (VnSAT) Project 2018 took place in the Mekong Delta province of Kien Giang on January 9.

Border gates in Lao Cai province break trade record
Border gates in northern Lao Cai province which borders China posted record trade value of 3 billion USD in 2018, according to the customs office at the Lao Cai International Border Gate.

Cassava industry faces big hurdles
Cassava processors are facing difficulties due to a raw material shortage and, especially, tightening of overland imports and erection of barriers to imports of farm produce by China, their largest export market.
— Vietnam News

Rock Symphony concert celebrates Opera House’s founding
The Ho Chi Minh City Ballet Symphony Orchestra and Opera (HBSO) will host the Rock Symphony at the HCM City Opera House on January 9 night.

Navico invests VNĐ4 trillion in aquaculture
Nam Việt Joint Stock Company started the massive Nam Việt Bình Phú high-tech aquaculture project in An Giang Province’s Châu Phú District on Tuesday.
— Vietnam News

Northern Cao Bang province taps tourism potential
2018 was considered a successful year for Cao Bang’s tourism sector, as the northern mountainous province welcomed a record 1.2 million tourists, a year-on-year rise of 30 percent.

Cash promised for rural start-ups
About VNĐ15 trillion (US$646 million) will be mobilised for One Commune One Product (OCOP) programme, said Deputy Prime Minister Vương Đình Huệ.
— Vietnam News

Over 6 billion USD purchased to raise forex reserves
The country net purchased over 6 billion USD in 2018 to raise its foreign exchange reserves, the State Bank of Vietnam (SBV) reported at a meeting in Hanoi on January 9 to launch tasks for the banking sector this year.

Vietnam says it wants to host TrumpKim summit
Vietnam has delivered to both South and North Korea its wish to host the envià¸sioned summit between US President Donald Trump and North Korean leader Kim Jongun.
— The Nation (very annoying popups)

Funds suffer losses on poor market performance
Over the past year, most investment funds in Việt Nam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.
— Vietnam News

Vietnam’s incense village blazes pink ahead of Lunar New Year
It is the most frantic time of year for workers in the cottage industry in Quang Phu Cau village on the outskirts of Hanoi, where families have been making incense for more than a century – a great source of pride for many.
— VN Express

Incurring big losses in 2018, investors became disillusioned with cryptocurrency
After booming in price in 2017, bitcoin (BTC) and other cryptocurrencies all tumbled in 2018. By January 1, 2019, the price of one bitcoin had dropped to $3,700, a dramatic fall from the peak of $19,665 per bitcoin seen on December 16, 2018.
— Vietnam Insider

US firms help digitalise data of Hue relic sites
The Hue Monuments Conservation Centre is partnering with US Seagate and CyArk companies to digitalise data of two heritages of TuDuc Tomb and An Dinh Palace, Director of the centre Phan Thanh Hai said on January 9.

MIC announces Facebook’s violations in Việt Nam
The Ministry of Information and Communications (MIC) is considering preventing cash flowing into hatred advertising on Facebook and collecting taxes to deal with the social network’s violations of laws in Việt Nam.
— Vietnam News


Feature photo Quangpraha


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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