Vietnam Morning News For October 14, 2019

Vietnam President Says 2019 Growth May Beat Official Estimate
Vietnam’s economic expansion this year may exceed the higher end of an official estimate, President Nguyen Phu Trong said.
— Bloomberg

Vietnam projected to have all-time high net car imports of US$3.4 billion
Car imports would continue to increase due to stronger demand from the domestic market, causing negative impacts on local car production and the country’s trade balance, said the Ministry of Industry and Trade.
— The Hanoitimes

Vietnam ranked fourth among most visited countries in Southeast Asia
Vietnam ranked fourth in Southeast Asia in the number of international arrivals in the first half of 2019, according to the Pacific Asia Travel Association’s (PATA) latest quarterly tourism monitor.
— Vietnam Insider

PM urges foreign investors not to miss investment opportunities in Vietnam
Investors spoke of Vietnam’s potential of liquefied natural gas (LNG), and showed willingness to cooperate with Vietnam in this field.
— The Hanoitimes

Major transportation projects to get on the road this year-end
From the north to the south of Vietnam, nine major transportation projects will begin to take shape in the fourth quarter.
— VnExpress

Vietnam’s outlook positive for investment attraction
Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.
— VietnamPlus

Vietnam should prepare for sovereignty challenges: Party chief
Party chief Nguyen Phu Trong has asserted that Vietnam will tenaciously defend its sovereignty and called for preparedness to tackle “challenges and opportunities.”
— VnExpress

Vietnam named Asia’s leading culinary destination for the first time
The latest World Travel Awards has chosen Vietnam as “Asia’s Leading Culinary Destination” reaffirming the growing international reputation of Vietnamese cuisine.
— VnExpress

Moody’s review of Vietnam’s Ba3 rating improper: ministry
The Vietnamese Ministry of Finance (MoF) has said that Moody’s Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.
— VietnamPlus

Vietnamese Communist Party completes working agenda
The 12th Communist Party of Vietnam Central Committee (CPVCC) wrapped up its 11th meeting here on Saturday, fulfilling all items of the set working agenda, Vietnam News Agency reported.
— Xinhua

Vietnam Treasury would miss target of mobilizing US$11.2 billion via G-bonds
In the context of slow public investment disbursement, there is no tremendous pressure put on the State Treasury of Vietnam to achieve the plan.
— The Hanoitimes

U.S.-China trade war brings chances and challenges for skilled laborers in Vietnam
A new front has opened in the U.S.-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for skilled labor, aggravating an existing shortage and prompting calls for education reforms to address the problem.
— Vietnam Insider

Vietnam owns convincing evidence of sovereignty in East Sea: Russian expert
Vietnam owns convincing evidence of its sovereignty in the East Sea, Russian expert Grigory Trofimchuk, Chairman of the Expert Council of the Eurasian Foundation for Support of Scientific Research has said.
— VietnamPlus

ACV should be Long Thanh airport investor: government
The government has proposed that the Airports Corporation of Vietnam (ACV) be appointed main investor in the Long Thanh International Airport.
— VnExpress

7 Vietnamese arrested for stealing cosmetics, health products over 4 years
Nara prefectural police said Saturday they have arrested 7 Vietnamese nationals for stealing health food supplements and cosmetics and then reselling them in Vietnam.
— Japan Today

Vietnam makes progress in sustainable finance reforms: report
Vietnam is among 38 emerging market economies to have initiated banking reforms towards promoting sustainable development and fighting climate change, a report says.
— VnExpress

Hanoi checks facilities in preparation for SEA Games 31 hosting
For the fast and smooth renovation of the stadiums and indoor sporting arenas, Director of the Department of Culture and Sports To Van Dong stressed that Hanoi needs some support from the Government and relevant ministries and agencies.
— The Hanoitimes

Natural disasters bring about US$13.55 million damage in Southern Vietnam
Natural disasters caused 16 people dead and missing, injured 54, damaged and inundated 17,713 houses, devastated 21,355 hectares of rice and 1,342 hectares of fruit trees, killed 117,675 fowl and ruined 80 fishing boats with the total damage of VND315 billion (US$13.55 million) in the Southern region during the first nine months of 2019.
— Sggp News

Vietnam Airlines resumes normal flights to Japan after storm Hagibis
Vietnam Airlines announced on October 13 that all of its flights from and to Japan will run on normal schedule starting October 14, after being rescheduled due to super typhoon Hagibis that hit the country.
— VietnamPlus

Vietnamese retailers seize opportunities to conquer domestic market
The Vietnamese retail market has proved a fierce competition but also offers huge potentials for domestic retailers if they could seize advantages to accelerate market domination.
— NDO

Economic zone draws investment from the manufacturing sector
Industrial property in the Northern Key Economic Zone (NKEZ) saw strong development in the third quarter of this year, according to Jones Lang LaSalle firm (JLL Vietnam).
— VietnamPlus

Hanoi to include air quality in weather forecasts next year
Vietnam’s capital city will predict air quality a day or two in advance and include the predictions in daily weather forecasts next year.
— VnExpress

Beer makers enjoy higher consumption
Alcohol and beer consumption is booming, and local beverage producers are cashing in.
— VietnamPlus

Vietnam and Spain: not an ephemeral relationship
The bilateral ties of more than four decades have been enhanced by efforts from both sides.
— The Hanoitimes

Police Ceremonial Guard performs at Hanoi pedestrian zone for firs time
After last night`s successful performance at the pedestrian zone, the police force plans to hold other performances in this place during the weekend.
— The Hanoitimes

Croquet an unlikely hit for Vietnam retirees
Best known as a historic pastime among Europe’s upper crust, croquet has found an unlikely fan base among Vietnamese retirees eager to fill their diaries and move their limbs.
— Bangkok post

Prime Minister commits support to Samsung Vietnam
Prime Minister Nguyen Xuan Phuc on October 11 affirmed that the Vietnamese Government always provides all possible support for investors, including those from the Republic of Korea and Samsung Vietnam, to expand operations in the country.
— VietnamPlus

Former US first lady to visit Vietnam, back sustained education for girls
Former U.S. First Lady Michelle Obama said Friday she will visit Vietnam in December to promote the message of girls continuing their education.
— VnExpress

HCM City housing prices rise on shortage of new supply
Housing prices continue to rise rapidly in HCM City because of a shortage of new supply, increasing population and lack of transport infrastructure in outlying areas.
— Viet Nam News

Startups advised to Identify core values, develop initiatives for social change
Young entrepreneurs need to understand the core value of their product instead of focusing too much on technology as their competitive advantage, according to the Business Start-up Support Centre (BSSC).
— Viet Nam News

Vietnam vet seeks other exposed to Agent Orange
Vietnam veteran Roger Jones is seeking fellow servicemen who were exposed to Agent Orange while serving at United States military installations in Thailand.
— Clevelandbanner

4 killed, 2 injured in motorbikes crash in central Vietnam
Two motorbikes carrying six Vietnamese youngsters collided in the country’s central Quang Tri province on Sunday, instantly killing four and severely injuring two, Vietnam News Agency reported.
— Xinhua

As coastguard boats circle, Vietnam prepares for bigger challenge in South China Sea
Vietnam is taking a stronger stand in its dispute with China over territory and resources in the South China Sea, and a direct confrontation seems unlikely for now, analysts say.
— South China Morning Post

Vietnam’s first female billionaire inspires younger generations to reach for the stars
Most Vietnamese might assume that the country’s first female billionaire would be standoffish and difficult to know. But Nguyễn Thị Phương Thảo, who is one of 25 women on Forbes’ 2019 Asia’s Power Businesswomen’s list, is admired for her friendly manner and desire to support and inspire younger generations.
— Viet Nam News

PM highlights contributions of entrepreneurs to national development
Prime Minister Nguyen Xuan Phuc praised the important role of the Vietnamese business community in national development at a ceremony in Hanoi on October 13 to mark the 15th anniversary of Vietnam Entrepreneurs’ Day.
— VietnamPlus

5 Vietnam pagodas that have catapulted to global fame
Like neighbors Thailand and Myanmar, Vietnam is a predominantly Buddhist nation, and some of its pagodas are drawing international attention.
— VnExpress

India, VN eye closer co-operation in engineering sector
Significant potential for growth in trade in the engineering sector exists between India and Việt Nam, a top Indian official has said.
— Viet Nam News

Feature photo U.S. Dept. of Defense

This week’s Vietnam morning news feature photo focus on International Day of Rural Women, October 15.

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).

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