Vietnam morning news for March 27

Vietnam morning news for March 27
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Vietnam morning newsVietnam reports three-year-high foreign investment
FDI pledges for new projects, increased capital and stake acquisitions surged by 86.6 percent year-on-year to $10.8 billion in Q1.
— VnExpress

Budget deficit and rising public debt major risks for Vietnam
The State budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vi?t Nam, making it more difficult for the Government to help the economy head towards growth, said Professor Tr?n Th? Ð?t, principal of the National Economics University (NEU).
— Eleven Myanmar

Enough petroleum supply to meet domestic demand: Ministry
The Ministry of Industry and Trade has said domestic petroleum supply is meeting of local consumption demand.
— Viet Nam News

E-commerce revenue forecast to hit $15 bn in 2020
With 53 per cent of its population using the internet and nearly 50 million smartphone subscribers, Vietnam’s e-commerce market is expected to beat the previous revenue forecast of $10 billion in 2020 and may reach $15 billion, according to experts.
— Vietnam Insider

Vietjet offers promotional tickets to mark new route to Tokyo
Vietjet will offer discounted tickets priced from zero dollars every Wednesday from now until April 24 at to celebrate the newest route between HCM City and Tokyo.
— Viet Nam News

State Bank of Vietnam promotes credit programmes for rural areas
The State Bank of Vietnam (SBV) will launch more effective credit programmes to support agricultural production and improve local livelihoods, making contributions to boosting economic growth while wiping out black credit in rural areas.

Shrimp businesses advised to increase competitiveness
Shrimp enterprises should seek ways to increase competitiveness to realise the sector’s export target of 4.2 billion USD in 2019, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Cashew prices continue to drop
Cashew prices are low at present, according to the Vi?t Nam Cashew Association (Vinacas).
— Viet Nam News

5G crucial to Vietnam’s development: deputy PM
Vietnam’s deputy prime minister Vu Duc Dam has thrown his support behind the adoption of 5G in the nation, stating that 5G will be crucial to Vietnam’s development.
— Telecom Asia

An Giang targets 5.5 trillion VND from tourism in 2019
The tourism sector of the Mekong Delta province of An Giang aims to welcome 9.2 million tourists and earn 5.5 trillion VND (over 237.1 million USD) in 2019.

Hai Phong needs VND3.5 trillion to develop logistics by 2020
Hai Phong needs more than VND3.5 trillion (US$147 million) to invest in developing logistics services in the northern port city over the next two years.
— Bizhub

Dong Nai province secures over 373 million USD in FDI
The southern province of Dong Nai has attracted more than 373 million USD in 38 foreign direct investment (FDI) projects so far this year, accounting for 37 percent of the yearly plan.

FPT IS becomes Dell EMC’s highest-level partner
FPT Information System (FPT IS), a subsidiary of Vietnam’s biggest software producer FPT Group, has become the highest-level partner of Dell EMC in storage solution.
— Vietnam Insider

Q1 foreign direct investment inflow hits four-year high
Foreign direct investment (FDI) registered in Vietnam during the first quarter of 2019 hit the highest level since 2016, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Exciting markets for expats in Ho Chi Minh City
Traditional wet markets in HCMC are diverse in sizes and products they have to offer. Many of them may captivate not only local people but also foreigners, especially those who want to indulge in both shopping and exploring Vietnam’s culture.
— Vietnam Insider

WB, Binh Duong discuss infrastructure cooperation
Country Director of the World Bank (WB) in Vietnam Ousmane Dione held a working session with authorities of the southern province of Binh Duong on March 26 to discuss cooperation in infrastructure development.

Binh Son Refining is PVN’s largest State budget contributor
Binh Son Refining and Petrochemical Co Ltd (BSR) contributed more than VND11 trillion to the State budget in 2018, becoming one of the units under PetroVietnam with the largest contribution to the State budget.
— Bizhub

Vietnamese firms urged to swiftly capitalise on CPTPP
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will bring more opportunities than challenges to businesses, so they should swiftly make use of this deal to promote export, heard a workshop in Ho Chi Minh City on March 26.

Vietnam labor productivity remains far below regional level: study
Vietnam’s labor productivity remains among the lowest in its neighborhood and the gap with regional peers is widening, a captain of industry says.
— VnExpress

Vietnam ratifies ILO convention on employment for disabled workers
Vietnam has made an important step in the development of its labour market by ratifying ILO Convention 159 on Vocational Rehabilitation and Employment for Disabled Persons, further proving the country’s commitment to eliminating employment discrimination against people with disabilities.

Singapore Festival 2019 opens in Hanoi downtown
The Singapore Tourism Board and the Singaporean Embassy in Vietnam on March 23 morning opened the Singapore Festival 2019, the first of its kind, at the pedestrian street around the Hoan Kiem Lake right in the heart of Hanoi.
— Thai News

Digital trade and opportunities for Vietnam discussed
Vietnam has been earning significant revenue from digital trade, which could be higher in the future, Director of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung said at a workshop in Hanoi on March 26.

Vietnam Airlines and Jetstar Pacific offer discounts at Travel Mart 2019
Vietnam Airlines will give away 4,000 discount codes to customers attending and buying online tickets via its website or mobile application at the Vi?t Nam International Travel Mart (VITM) 2019 in the Hà N?i International Exhibition Centre (ICE) from March 27 to 30.
— Viet Nam News

Vietnam calls for more int’l support in war consequence settlement
Vietnam wants the international community to join efforts in dealing with war consequences, helping the country develop sustainably and participate in UN peacekeeping operations more actively.

Nam A Bank funds for individuals, companies to buy Eximbank shares
Several individuals and companies related to Hoan Cau Group and Nam A bank are possessing hundred million shares of Eximbank – a national bank having twice higher asset scale Nam A bank’s.
— Vietnam Insider

Vietnam Railways arranges more trains for Reunification Day holidays
Vietnam Railways (VNR) will operate an additional 130 trains along various routes across the nation from April 25 to May 5 to meet increasing travelling demands during the Reunification Day holidays.

Legal proceedings begin for huge trans-national drug trafficking case
The Investigation Police Department for Drug-Related Criminals under the Ministry of Public Security has issued a decision to start legal proceedings for a major drug trafficking case involving four defendants, including one Chinese national, for the illegal transporting and smuggling of drugs.

Bình Thu?n forest management officials prosecuted
Police in Bình Thu?n Province have started criminal proceedings against four leader and officials from the Là Ngà Protective Forest Management Board for violating regulations on the exploitation and protection of forests.
— Viet Nam News

Vice President: Vietnam treasures friendship with DPRK
Vice President Dang Thi Ngoc Thinh has affirmed that Vietnam always treasures its traditional friendship with the Democratic People’s Republic of Korea (DPRK), which was founded by Presidents Ho Chi Minh and Kim Il-sung.

Lumitel poss 225% hike in pre-tax profit
Lumitel – the brand name of Viettel Group in Republic of Burundi, Africa – achieved pre-tax profit of more than US$7.3 million in 2018, showing a huge increase of 225 per cent from 2017.
— Viet Nam News

Seminar discusses climate change-resilient livelihoods for Mekong Delta farmers
A consultation seminar to develop a project on switching livelihoods for farmers in the Mekong Delta was held in Dong Thap province on March 26, involving the Ministry of Agriculture and Rural Development, the World Bank and Dong Thap People’s Committee.

Hanoi continues investigating land violations in Soc Son district
The Hanoi Inspectorate on March 25 confirmed it would continue investigating violations related to forest land use and management in the city’s Soc Son district after releasing its initial conclusions on the violations last week.


Feature photo Thangphan


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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