Vietnam morning news for October 25

Vietnam morning news for October 25
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Vietnam morning news

Vietnam slips further in WB’s Doing Business 2020 ranking despite scoring higher
Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.
— The Hanoitimes

Chinese ship heads away from Vietnam after disputed surveys in South China Sea
A Chinese oil survey vessel that has been embroiled in a tense standoff with Vietnamese vessels in the South China Sea left Vietnamese-controlled waters on Thursday after more than three months, marine data showed.
— Reuters

European banks eligible to own up to 49% stake in two Vietnamese peers
As the EU has strong expertise in fields of financial services and telecommunication, the EU – Vietnam Free Trade Agreement (EVFTA) would have strong impact on the future landscape of Vietnam’s finance – telecommunication markets, said an expert.
— The Hanoitimes

IUU fishing must be eradicated: Deputy PM
Deputy Prime Minister Trinh Dinh Dung inspected the fight against illegal, unreported and unregulated (IUU) fishing in the southern province of Kien Giang on October 23, requesting ministries, sectors and localities to make stronger efforts to swiftly put an end to the problem.
— VietnamPlus

Vietnam ranked among largest remittance beneficiaries in 2019
Vietnam is forecast to rank ninth among the largest remittance beneficiaries in 2019 with an inflow of nearly 16.7 billion U.S. dollars, according to the World Bank’s latest data.
— Vietnam Insider

Viet Nam attracts investors in the face of economic uncertainty
Despite the slowdown in global deal making due to ongoing worldwide economic uncertainty, Việt Nam remains active in M&A in 2020, according to a new report by Baker McKenzie.
— Viet Nam News

Nearly 400 vehicles with farm produce remain stuck at Vietnam-China border
After the Ministry of Agriculture and Rural Development sent a delegation to Tan Thanh Border Gate to evaluate the situation in which 500 trucks were held up here, the Ministry of Industry and Trade on October 22 also sent a delegation to the border gate to look for solutions to resolve congestion.
— Fresh Plaza

Vietnam orders car Importer to remove navigation apps that show “nine-dash line”
Vietnam ordered an automobile importer to remove navigation apps that show maps reflecting Chinese territorial claims that are rejected by Hanoi, adding to a wave of pushback against map’s showing the “nine-dash line”
— Vietnam Insider

Vietnamese farmers succeed in growing exotic fruits
Several successful Vietnamese growers have grown various types of exotic fruits with a productivity and quality as high as imported fruits. This means that domestic consumers are now able to buy these products at lower prices than those of imported fruits.
— Fresh Plaza

Smart city to boost sustainable growth and prosperity
Smart city building is a crucial solution to boost economic growth and prosperity in Vietnam, while investing in ‘smart city’ projects is the best way for Vietnam to digitalise, an expert has said.
— VietnamPlus

India will stand firm on oil and gas cooperation with Vietnam: experts
Experts believe India accords great importance to its marine cooperation with Vietnam and will not let any other country to get in the way.
— VnExpress

PE investors launch lawsuit against Huy Vietnam founder over alleged fraud
Private equity investors in Vietnamese F&B chain operator Huy Vietnam on Thursday said they have commenced a lawsuit in the People’s Court of Ho Chi Minh City on behalf of the business against its founder and chairman Huy Nhat.
— DealStreetAsia

Hanoi needs to give more attention to water security: City Party chief
Hanoi will work out a set of technological standards of water plant for suppliers to comply with.
— The Hanoitimes

Asanzo was fined and retrospectively paid tax more than 68 billion VND
Ho Chi Minh City Tax Department has just issued a decision on tax fines and arrears of VND 68 billion to Asanzo Company., then transferred the dossier to the police one day later.
— Vietnam Insider

What Golf’s Rising Popularity Says About a Changing Vietnam
Golf, hardly a traditional Vietnamese pastime, is growing in popularity here, a reflection of changing Vietnamese culture and the country’s evolving approach to attracting tourists.

Vietnam – RoK: Moving towards a green economy
The Environment Industry Cooperation Forum between Vietnam and the Republic of Korea (RoK) took place in Hanoi, on October 24, as part of activities under the framework of the exhibition for environmental technology and equipment (ENVIROTEX 2019).

Vietnamese rice export prices rose to a four-and-a-half-month high this week on healthy demand from Africa and Cuba as supply remained scant, while a stronger rupee helped rates for Indian variety recover from a four-month low.
— Agriculture

Vietnam joins 19th meeting of ASEAN telecommunication chiefs
Deputy Minister of Information and Communications Nguyen Thanh Hung led a Vietnamese delegation to attend the 19th ASEAN Telecommunications and Information Technology Ministers Meeting (TELMIN 19) that opened in Vientiane on October 24.

Vietnam auto sector trails global peers despite trade war boost
Volumes are expected to remain small unless domestic production is incentivised.

Five-star, international hotels dominate Hanoi, HCMC markets
The five-star segment is the best performer in Hanoi’s hotel market while international brands dominate the HCMC market, a new report says.
— VnExpress

Priest Urges US Sanctions on Rights Violators, Reclassification of Vietnam
A Catholic priest based in the Vietnamese coastal province hardest hit by a toxic spill urged a visiting U.S. diplomat to press for sanctions for the country’s rights abusers and to return Hanoi to a list of governments that violate religious rights, the clergyman said on Thursday.
— Radio Free Asia

Sacombank opens branch in Nam Định
Sacombank opened a branch in Nam Định on October 23 to offer modern banking products and services to individual and corporate customers in the northern city.
— Viet Nam News

ABBANK reports $36.97 million profit in first nine months
An Bình Commercial Joint Stock Bank has reported a pre-tax profit of VNĐ856 billion (US$36.97 million) for the first nine months of the year, a 30 per cent increase over the same period last year.
— Viet Nam News

Norway helps Vietnam improve marine warning service
A workshop on ways to improve Vietnam’s marine warning and forecast capacity taking place in Hanoi from October 22-25 as part of activities in the cooperation framework between the Vietnam Meteorological and Hydrological Administration (VMHA) and the Norwegian Meteorological Institute.
— Scandasia

DOC announces review on anti-dumping duties on frozen tra fish fillets from Việt Nam
The Trade Remedies Authority of Việt Nam reported that the US Department of Commerce (DOC) has lowered anti-dumping duties on frozen tra fish (pangasius) fillets from Việt Nam in the 15th period of review (POR15).
— Viet Nam News

Vietnamese Activist Loses Bid for Asylum, is Sent Home by US
A Vietnamese environmental activist was sent back to Vietnam by the United States this week, ending his quest for political asylum, a U.S. lawmaker said in a press statement on Tuesday.
— Radio Free Asia

State should hold 100 per cent stake at post-merger stock exchange
The State should hold 100 per cent capital at the Việt Nam stock exchange, expected to be merged from the two current bourses under the revised draft Law on Securities, an official said.
— Viet Nam News

Hà Nội People’s Committee divests from Haneco
The total 1,130,710 shares, accounting for 97.56 per cent of the company’s charter capital, will be offered at an initial price of VNĐ 11,900 ($0.51) each.
— Viet Nam News

Lawmakers debate on 48-hour work week in Vietnam
Vietnam is 80 years behind developed countries in approving a 40-hour work week law, which is needed to ensure workers’ quality of life, lawmakers say.
— Vietnam Insider

Large-caps buoy VN shares amid disappointing earnings
The benchmark VN-Index on the Ho Chí Minh Stock Exchange inched up 0.06 per cent to close at 987.79 points.
— Viet Nam News

Hanoi willing to support Netherlands embassy in cultural activities
Hanoi`s mayor said the municipal Department of Culture, Sports and Tourism is working on licensing the Dutch embassy`s exhibition of the World Press Photo pictures.
— The Hanoitimes

BSA launches ‘Clean Up to the Countdown’ campaign
CEOs in Viet Nam should continue to make serious efforts to eliminate unauthorised software used at their companies, a spokesperson for the BSA|The Software Alliance (BSA) has said.
— Viet Nam News

Mường Thanh was requested to dismantle illegally built sections in Da Nang
Muong Thanh Group, a well-known Vietnamese contractor, has been given one year to completely dismantle illegally built sections of one of its high-rise projects in the central city of Da Nang as per a recent request from local authorities.
— Vietnam Insider

Hà Nội to host tourism summit in December
The 2019 Việt Nam Travel and Tourism Summit will be held for the second time in Hà Nội on December 9 under the theme: “For Vietnamese Tourism To Really Take Off”.
— Viet Nam News

Vietnam attends Non-Aligned Movement ministerial meeting
A Vietnamese delegation led by Deputy Foreign Minister Nguyen Quoc Dung attended a Ministerial Meeting of the Non-Aligned Movement (NAM) in Baku, the capital of Azerbaijan, on October 23.
— VietnamPlus

Vietnam Airlines and VNPT ink co-operation agreement
Vietnam Airlines will supply aviation transport services with special preferences for workers and officials of VNPT.
— Viet Nam News

Gemadept to pay $19.12 million in dividends
Last year Gemadept’s revenue fell by 32 per cent at VNĐ2.7 trillion ($116.3 million).
— Viet Nam News

Vietnam’s VMIC deployed “cobots” at manufacturing plants
Manual processes dominated work at Vietnam-based Vinacomin Motor Industry Joint Stock Company (VMIC), which manufactures parts for mining vehicles.
— Futureiot

Customs to work extra hours to clear truck jam at border
Since May last year, China has imposed much stricter import regulations on fruit from Thailand and Việt Nam, asking for prior clearance papers from sanitary control agencies as well as certificates of origin.
— Viet Nam News


Feature photo NCIF

This week’s Vietnam morning news feature photo focus on World Development Information Day, October 24.


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).



About Vietnam morning news.

Vietnam morning news roundup is the most comprehensive hand-curated selection of Vietnam English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Vietnam English language news today.

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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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