Vietnam Morning News For October 7, 2019

Vietnam developer and Sumitomo join to build $4bn smart city
Leading Vietnamese developer BRG Group and Japanese trading house Sumitomo Corp. will spend 450 billion yen ($4.21 billion) to develop a smart city on the outskirts of Hanoi, the partners said Sunday.
— Nikkei Asian Review (paywall)

Vietnam has the highest share of working females in ASEAN, but it won’t last
Vietnam’s male-dominated political and business landscapes have made little progress in improving economic opportunities for women.
— Asean Today

US firm gets nod for $5 bln power plant in Vietnam
Vietnam has given U.S. firm AES the go ahead to build a $5 billion liquefied natural gas power plant in central Binh Thuan Province.
— VnExpress

Vietnam again accuses China of violating its fishing rights in its exclusive economic zone
Three Chinese vessels chased away a local fishing boat from area in South China Sea, according to Vietnamese media.
— South China Morning Post

Sustainable production sought for dragon fruit as China raises import standards
Proper zoning and more investment for processing are among the measures needed to develop sustainable production of dragon fruit in the country, experts have said.
— VietnamPlus

Vietnam’s wood industry struggle to prevent trade fraud
According to a market research on wood processing market of Vietnam by Forest Trend, in the first five months of this year, the number of new foreign direct investment (FDI) projects in wood industry totaled 49 projects, of which there were 32 projects belonging to wood processing field.
— Sggp News

Vietnam’s banks get more support to cut interest rates
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam’s (SBV’s) agencies this week.
— The Phnom Penh Post

Vietnam on the fast track to wellness tourism
Development is sweeping Vietnam, partially spurred by record tourism. Foreign visitors rose 20 per cent last year (with Canadian arrivals increasing eight per cent), which makes it the world’s fourth-fastest growing travel destination.
— Calgaryherald

Cambodia, VN sign MoUs to improve investment, trade
Cambodia and Vietnam last weekend signed several memorandums of understanding (MoUs), according to a joint statement issued by Cambodia’s Ministry of Foreign Affairs and International Cooperation on Saturday.
— The Phnom Penh Post

Vietnam to use AI to make Ho Chi Minh a smart city
Ho Chi Minh (HCM) city authorities have rolled out projects to foster the application of artificial intelligence (AI) in production, daily activities, and smart city building. AI will create the foundation to successfully realise the smart city development project.
— OpenGovAsia

Vietnam Exports May Post Slower Growth as Trade Tensions Rise
Vietnam’s exports this year may rise between 7% and 7.5% from 2018, a steep decline from the previous two years mainly because of rising global trade tensions, Hai Quan newspaper reported, citing the Ministry of Industry and Trade Ministry.
— Bloomberg Quint

Vietnam’s biggest foreign-invested project kicked off today in Hanoi
Japan’s Sumitomo Corporation and Vietnam’s BRG Group today [October 6] kicked off a smart city project costing US$4.14 billion in Hanoi, one of the biggest foreign-invested projects in the country so far.
— The Hanoitimes

How to Send Money Overseas From Vietnam As Expats
Today, new generation banks or online services dedicated to wealth management make it possible to send money abroad with very low fees. Nevertheless, most of those services are not yet available in Vietnam.
— Vietnam Insider

6 Lao drug traffickers arrested in Vietnam
Border guard forces of Vietnam’s central Ha Tinh province have detained six Lao drug smugglers, seizing 30 cakes of heroin, 45 kg of crystal methamphetamine and 6,000 pills of amphetamine.
— Xinhua

Is Vietnam the new China?
One of the things you least want to hear when travelling is how much more interesting or beautiful a country was ten or twenty years ago.
— The Bull

Labor minister allays concerns over social insurance fund collapse
The Labour Minister has asserted that the jailing of former top insurance officials will not adversely affect the national social insurance fund.
— VnExpress

Vietnam to promote trade and investment in Romania, Bulgaria
The Vietnamese Ministry of Industry and Trade (MOIT) is organising the “Trade Transaction Delegation” in Bucharest (Romania) and Sofia (Bulgaria) from October 3 to 9, aiming to promote trade and investment in these two European markets.
— NDO

Vietnam launches tech summit and international expo
5G networks have been granted licenses to experiment and are expected to be commercially deployed in the market by 2020.
— OpenGovAsia

Norway-funded project turns ocean plastic into material for circular economy
Vietnam is among five beneficiary countries of the project, which aims to use the waste as a source of energy in local intensive industries.
— The Hanoitimes

A&E opens its new global manufacturing facility in Vietnam
The new state-of-the-art facility is located in Nhon Trach Industrial Park 6, Dong Nai Province, South Vietnam and will add more than 150 new jobs to the region.
— Vietnam Insider

Việt Nam, Cambodia issue joint statement
Việt Nam and Cambodia have issued a joint statement on the occasion of the Việt Nam visit by Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen from October 4-5 at the invitation of his Vietnamese counterpart Nguyễn Xuân Phúc.
— Viet Nam News

World Bank, Switzerland Support Vietnam’s Efforts to Strengthen the Banking Sector
The World Bank and the State Bank of Vietnam today signed a financing agreement for a grant worth US$2.2 million provided by the Swiss Government to implement the Vietnam: Strengthening Banking Sector Soundness and Development.
— Modern Diplomacy

Vehicles banned on several streets for Hanoi’s first F1 race
The capital city has announced bans and restrictions of vehicles on several streets to prepare the track for next year’s F1 race.
— VnExpress

SV-STARTUP will stimulate entrepreneurship: Deputy PM
The ultimate goal of the national startup festival for students (SV-STARTUP 2019) is to stimulate and foster entrepreneurship in schools, Deputy Prime Minister Vu Duc Dam emphasised at the opening ceremony of the event in Hanoi on October 5.
— NDO

Vietnam aims for top three games finish
A record number of Vietnamese athletes will compete at the Southeast Asian (SEA) Games in the Philippines later this year, and they are all gunning for glory.
— Vietnam Net

Hanoi holds diverse activities to celebrate Liberation Day
The activities aim at enhancing the knowledge among locals and tourists of one of the most significant victories in Vietnam as well as further inspiring patriotism among the young generation.
— The Hanoitimes

Hanoi asked to close “railway cafes”
The section of the railway built in the French colonial era has become a famous destination for foreign tourists and locals looking for perfect Instagram snapshots.
— The Hanoitimes

High pay no guarantee of staff commitment: survey
One in two employees with monthly salaries of VND80 million ($3,400) or more wants to quit as increasing number of businesses in Vietnam compete for talents.
— VnExpress

No new listings in 2019, Vietnam’s IPO market dries up
No private company has hit the bourse in 2019, while last year Vietnam recorded one of the busiest IPO seasons in Southeast Asia, clocking as many five IPOs — all sealed between January and September — when companies raised a total of $2.6 billion, per EY’s Global IPO Trends report released in December 2018.
— Vietnam Insider

Nearly 1.3 tonnes of synthetic drugs seized in HCM City in nine months
Crimes related to drug dealing and trafficking had been on the rise in HCM City in recent years, said Dinh Thanh Nhan, deputy head of the city police.
— VietnamPlus

Vingroup smartphones launched in Russia
Vietnam’s largest private conglomerate Vingroup has begun selling four models of its Vsmart phones in Russia.
— VnExpress

Vietnam Airlines to launch routes to Bali, Phuket
The national flag carrier Vietnam Airlines has announced that it will launch direct air routes linking HCM City with Indonesia’s Bali and Thailand’s Phuket on October 27.
— Viet Nam News

S&P assigns Nutifood preliminary ‘B’ long-term credit rating
Standard & Poor’s (S&P) has assigned preliminary ‘B’ long-term isuer credit rating with stable outlook for Vietnamese Nutifood Nutrition Food Joint Stock Company.
— Viet Nam News

Mercury decontamination completed at Rạng Đông light bulb warehouse
The High Command of Chemicals under the Ministry of Defence on Saturday announced it had completed decontamination work at a light bulb factory that went up in flames last month.
— Viet Nam Net

Businesses have crucial role to play in socio-economic development: Deputy PM
Businesses are the main force of the nation to help promote economic growth, social development, and employment, Deputy Prime Minister Trịnh Đình Dũng said while attending the Vietnam Business Forum 2019 in the central coastal city of Đà Nẵng on Saturday.
— Viet Nam News

Trade fair offers new opportunities
The industries being showcased are textile and garment; agricultural products, foodstuffs; machinery and equipment, household appliances, pharmaceutical and telecommunication services.
— Viet Nam News

Vietnam much tougher opponents, warns Aidil following impressive win
The Harimau Malaya’s 6-0 victory over Sri Lanka in the international friendly last night has certainly helped boost the players’ confidence, but it should not be made a yardstick to face Vietnam.
— Malay Mail

Vietnam Association of Science and Technology Enterprises makes debut
The Vietnam Association of Science and Technology Enterprises (VST) made its official debut and held its first congress at a ceremony in Hanoi on October 5.
— NDO

Megan Singleton: Tips for getting a Vietnam visa
Blogger at Large Megan Singleton has been looking into visa issues, and she’s got three tips for getting your visa for Vietnam.
— Newstalkzb

Feature photo Bưu điện Việt Nam – VNPost

This week’s Vietnam morning news feature photo focus on World Post Day, October 9.

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.

We filter our the dull, the boring, the repetitive, and the click-bait and package all of the Vietnam daily news that you need to know to start your day into an easy to read, time saving format of Vietnam news headlines and first paragraphs before 7.30am Ha Noi time.

We clearly identify the source of all the Vietnam news headlines, whether it is behind a paywall, a media release, or whether the news site uses annoying pop-up advertising or auto-play video, in case those things annoy you too. If a website uses particularly invasive pop-up adverts, we’ll tell you.

This enables you to make an informed choice of whether you want to learn more by clicking directly through to the original Vietnam news article, or keep on reading the remaining Vietnam daily news headlines.

Click here to get your Vietnam English language news today by email before 8am Ha Noi time daily. Remember to watch out for the confirmation email from us to confirm your subscription. Check your trash folder if you do not see it.

For more immediate updates download the AEC News Today Mobile App from the Apple or Google stores, or follow us on Twitter.

#Independentmedia

Governance, not government; policies not politics.