Vietnam Morning News For October 8, 2019

Air pollution in Hanoi exceeds red-warning level
AirVisual, an international air quality monitoring facility that generates data from public, ground-based and real-time monitoring stations, recorded on September 30 that Hanoi continued to be the most polluted city in the world with the Air Quality Index (AQI) exceeding the red-warning level.
— Bangkok Jack

Vietnam a Southeast Asia leader in internet economy growth
Vietnam’s digital economy has been booming and is the second fastest-growing market in Southeast Asia after Indonesia, a new report says.
— VnExpress

Vietnam to top Asia auto sales amid fall of biggest markets
The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles.
— The Hanoitimes

Vietnam’s retail sales, service revenues up 11.6 pct in 9 months
Vietnam’s total goods retail sales and consumer service revenues rose 11.6 percent year-on-year between January and September, to roughly 3,635 trillion Vietnamese dong (158 billion U.S. dollars), according to the country’s General Statistics Office on Monday.
— Xinhua

Vietnam is the choice for the next factory, not South Asia
Vietnam seems to be the consensus pick for winner of the US-China trade war, as Chinese and other manufacturers shift production to the cheaper South-East Asian nation.
— The Star Online

Vietnam Airlines, affiliates hold over half of local aviation market
Vietnam Airlines, and its affiliates Jetstar Pacific and VASCO have accounted for 52.2 percent of domestic flights.
— VnExpress

Vietnam: Removing barriers on plant quarantine has achieved many positive results
Over the last few months, the negotiations aimed at removing barriers on plant quarantine to open export markets for Vietnamese agricultural products has achieved many positive results. Vietnamese fresh fruits have been exported to many countries around the world.
— Fresh Plaza

Vietnam’s labor export up 2.15 pct in 9 months
Vietnam sent 104,317 laborers to work overseas in the first nine months of this year, posting a year-on-year increase of 2.15 percent, the Vietnam Association of Manpower Supply announced on Monday.
— Xinhua

Vietnamese Communist Party discusses important reports for national congress
The 12th Communist Party of Vietnam Central Committee (CPVCC) convened its 11th meeting in Hanoi on Monday under the chair of the CPVCC General Secretary and Vietnamese President Nguyen Phu Trong.
— Xinhua

Spanish scientists analyze the genetic diversity of Vietnamese lychees
The Institute of Subtropical and Mediterranean Horticulture (IHSM) La Mayora, formed by the CSIC and the University of Malaga (UMA), has recently participated in a study on the diversity of lychee and other related wild species in Vietnam.
— Fresh Plaza

Virtual telecom carriers eye opportunities in Vietnam
Virtual telecom carriers have a great opportunity to gain a foothold in Vietnam’s market thanks to the country’s open regulatory environment and young and tech-savvy population.
— The Phnom Penh post

Vietnam’s Vietcombank Jan-Sept pre-tax profit up 52.9% y/y at $743.5 mln- govt
Vietnam Vietcombank’s Jan-Sept pre-tax profit was up 52.9% y/y at 17.25 trillion dong ($743.53 million), according to a Government statement.
— Reuters

Vietnam dumps almost all urban wastewater untreated into the environment
Vietnam treats just 13 percent of its urban wastewater, says a report carried in a publication by the Ministry of Natural Resources and Environment Sunday.
— VnExpress

Card payments in Vietnam to reach 522.5 million in 2023: GlobalData
Not carrying cash is not a problem in Việt Nam these days as more and more people are flashing the plastic.
— Viet Nam News

Defense Dialogue Highlights Vietnam-India Security Ties
The interaction spotlighted the ongoing activity in the defense aspect of the broader bilateral relationship.
–The Diplomat

Vietnam’s Focus on Luxury Housing Risks Affordability Crisis
Look around the cities of Vietnam and it is not hard to find luxury apartments valued at millions of dollars, while down the same streets, there are crumbling huts with faded metal sheets for roofs.
— VOA

Smart city challenges Gov’t and localities
In efforts to embrace the fourth industrial revolution (Industry 4.0), cities and provinces in Việt Nam are pushing smart city programmes, combining technology with internet-connected devices to enhance municipal management and economy.
— Viet Nam News

Chemical Army finishes mercury remediation at Hanoi’s burned-down bulb factory
Mercury has been removed from a total area of 30,000 square meters at Rang Dong JSC`s warehouse.
— The Hanoitimes

Vietcombank reports a record profit
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on Monday reported a record profit of nearly VNĐ17.6 trillion (US$758.2 million) in the first nine months of the year
— Viet Nam News

Vietnam’s ride hailing market exceeds US$1-billion revenue
The market is on track to hit US$4 billion by 2025, becoming the fourth in the region, after Indonesia, Singapore and Thailand.
— The Hanoitimes

Budweiser maker Anheuser-Busch InBev targets expansion in Vietnam
In order to grow further, the company needs to make a breakthrough in Southeast Asian countries such as Vietnam and the Philippines, said a research analyst at Euromonitor.
— The Hanoitimes

Concern in Vietnam at Hanoi topping AirVisual’s ranking
“We have noticed some concern in Vietnam that Hanoi has been at no. 1 on AirVisual’s “major city ranking” at certain times over recent days.” said Vietnam. AirVisual.
— Vietnam Insider

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

Vietnam proposed significantly higher fines for sexual harassment and molestation
For a long time now, both law experts and the public have been discussing numerous legal loopholes in the country which allow sexual offenders to get away with a slap on the wrist.
— Vietnam Insider

Bamboo Airways will launch a direct air route connecting Hanoi and Prague next year
Vietnam’s newest carrier Bamboo Airways has said it will launch a direct air route connecting capitals of Vietnam and the Czech Republic in the first quarter of 2020.
— Vietnam Insider

VN stocks drop on lack of confidence
The benchmark index was dragged down by large-cap real estate stocks such as Vingroup (VIC), Vinhomes (VHM) and Novaland (NVL).
— Viet Nam News

Mining firms ignored their duty for environmental restoration after mining and mineral exploitation activities
Environmental restoration after mining and mineral exploitation activities may be the responsibility of mining firms, but for years these companies have ignored their duty, harming the environment and human health.
— Vietnam Insider

HCM City’s lack of automatic air monitoring stations means public knows too late about pollution
A haze has covered HCM City on and off for the last two weeks and air quality has severely deteriorated according to some global weather monitoring websites, but city residents are not getting information about it in time from authorities.
— Viet Nam Net

More favourable conditions were created on immigration provisions
The revisions would aim to create more favourable conditions for foreigners in Việt Nam and promote economic development.
— Vietnam Insider

HCM City admits efforts to combat air pollution not fruitful
Further measures are required to tackle the air pollution that has been plaguing HCM City in the last few days, authorities have admitted.
— Viet Nam Net

Investors in Vietnam cash out profitably from tech deals as exits pick up
Risk capital investors in Vietnam have reasons to smile for they have been able to cash out profitably from portfolio companies.
— DealStreetAsia

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

VN food looks to make it big in Thailand
45 Vietnamese businesspeople travelled to Bangkok to bring their products to a food-focused event, hoping to fill up the shelves of Thai supermarkets.
— Viet Nam News

Client ID holds key to making digital banking safe
The banking sector is waiting for the State Bank of Việt Nam to allow the use of electronic know your customer/client (e-KYC).
— VietnamPlus

Vietnam continues to enjoy trade surplus with Israel
The two-way trade between Vietnam and Israel was estimated at US$760 million in the first three quarters of this year with Vietnam continuing to enjoy a trade surplus of US$440 million, according to a Vietnamese official.
— NDO

Slowing exports could prove a drag on Vietnam economy
Vietnam’s January-September GDP grew highest in nine years, but dwindling export growth could see economic expansion slow down in coming years.
— VnExpress

Analysis: Vietnam emerges as polymer hub amid trade war
Vietnam is positioning itself as southeast Asia’s top polymer hub as it indirectly benefits from the US-China trade war.
— Argusmedia

Cambodia, Vietnam ratify border work
Prime Minister Hun Sen and his Vietnamese counterpart Nguyen Xuan Phuc have ratified 84 percent of border demarcation work completed between the two nations.
— Khmer Times

Different scenarios for VN-Index in Q4
Brokerages proposed different scenarios for the movement of VN-Index from now until the end of this year, much depending on the world’s economic growth prospects.
— Viet Nam News

HCM City among best cities for street food worldwide
Travel website My Late Deals has revealed its Street Food City Index, with Ho Chi Minh City being ranked third in the list.
— VietnamPlus

Vietnam Emerges as a Major Source of Profits for S. Korean Banks
South Korean banks are seeing their earnings in China decrease due to the prolonged trade dispute between the United States and China and the slowdown in economic growth rates.
— Business Korea

Long term plan needed to respond to climate change
Lê Thanh Tùng, deputy head the Department of Plant Cultivation, under the Ministry of Agriculture and Rural Development, speaks to the newspaper Nông thôn Ngày Nay (Countryside Today) on the need to develop a long term plan to cope with floods in the Mekong Delta.
— Viet Nam Net

Mobile World gets the stopwatch ticking in watches market
Retailer Mobile World has captured a significant share of Vietnam’s watches market in quick time, achieving robust sales from the get-go.
— VnExpress

HCM City’s District 3 among world’s coolest neighbourhoods
Global Magazine Timeout has recently named Ho Chi Minh City’s District 3 among top 50 coolest neighbourhoods in the world.
— VietnamPlus

Over 1.6 million poor households get preferential loans in nine months
More than 1.62 million poor households and welfare policy beneficiaries gained access to preferential loans worth over 54.9 trillion VND (2.36 billion USD) in the first nine months of 2019, up 6.15 trillion VND compared to the same period last year.
— VietnamPlus

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).

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