Vietnam Morning News For September 2

Investors expect positive changes in Vietnam’s PPP investment law
The absence of guarantees related to minimum returns and foreign exchange risks have kept investors away from Vietnam’s large transport infrastructure projects.
— The Hanoitimes

Vietnam’s surprise GDP revision risks damaging economic credibility
At the stroke of a pen, the Communist-ruled country is revising upward the size of its gross domestic product — by a whopping 25.4% — for the seven-year period from 2011 to 2017.
— Nikkei Asian Review (paywall)

Hanoi pledges favorable conditions for startups
Hanoi expects its startup community can find solutions to the city’s urgent problems at the forum by exchanging experience with foreign experts.
— The Hanoitimes

Enjoy unlimited cash back and transaction security with VIB international card
Vietnam International Bank (VIB) just upgraded its international debit card (IDC) to include the first comprehensive protection applied to this card in Vietnam, consisting of ATM protection and e-commerce purchase protection, along with attractive and unlimited cash back, up to 2% for all transactions.
— Vietnam Insider

Vietnam consumer spending rises 11.5% in Jan – Aug
If excluding the price factor, the growth rate was 9.03% in the period, higher than an 8.98% rise recorded in the same period in 2018.
— The Hanoitimes

Petrol prices drop for third time this month
The retail price of E5 RON92 dropped 135 VND to 19,223 VND per litre at the highest from 15:00 on August 31.
— VietnamPlus

Revised Law on Enterprises to add household business regulations
Vietnam has considered adding regulations of household business to the revised Law on Enterprises that is set to be submitted to the National Assembly for approval in October.
— VietnamPlus

Vietnam to have 2,000MW of rooftop solar power capacity in 2020
Vietnam’s total rooftop solar power capacity is expected to reach around 2,000 MW by the end of 2020, according to Vietnam Electricity (EVN).
— VietnamPlus

Vietnam’s Finance Ministry Calls For Relaxed Casino Investment Conditions
Vietnam’s Ministry of Finance is seeking to relax the requirements for casino investors in a bid to boost development activity in the country’s special administrative-economic zones, local news outlet VnExpress reported Sunday.
— Casino News Daily

EU to strictly inspect Vietnamese agricultural products in September
According to the Plant Protection Department under the Ministry of Agriculture and Rural Development, the European Commission will strictly apply the plant quarantine requirement of imported agricultural products from countries outside the EU, including Vietnam from September 1.
— Sggp News

N.K. leader desires stronger ties with Vietnam
North Korean leader Kim Jong-un has voiced hope for stronger ties with Vietnam in a message to mark a national holiday of the Southeast Asian country, Pyongyang’s state media reported Monday.
— YNA

Debrief: The big-PV outlook for Australia and Vietnam after recent solar rushes
Despite what Rystad Energy analysts describe as “a few teething issues” caused by the rapid uptake of solar PV, and renewables in general, in Australia and Vietnam, the flow of proposed utility-scale solar projects in both countries looks set to continue over the coming few years.
— Pv-magazine

Foreign investors for ensuring predictability of government policy
Businesses on Sunday urged the government to ensure predictability of policy for making short and medium term business plan.
— Newagebd

UNWTO praises advances in Vietnam’s tourism
The World Tourism Organization (UNWTO) included Vietnam among the 10 countries with the greatest tourism industry growth and recognized its potential over coming years, local media outlets reported this Sunday.
— Plenglish

More policies needed to support, nurture enterprises
In the first seven months of this year, there were 79,300 newly-established enterprises across the country with average registered capital at VND12.6 billion per enterprise, the highest level in recent years.
— Sggp News

Vietnam, US share desire for greater trade relation: AmCham
Vietnam’s thriving relationship with the US means there is much room for greater cooperation in trade between the two countries, said executive of the American Chamber of Commerce (AmCham).
— The Hanoitimes

Vietnamese firms invest nearly US$440 million abroad
Vietnamese businesses have invested nearly US$440 million abroad since the beginning of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
— NDO

GDP revision threatens to send debts spiraling, warn experts
The upward revision in Vietnam’s GDP will raise spending and borrowing ceilings while revenue sources remain unchanged, experts warn.
— VnExpress

HCM City to combat laundering in real estate
The HCM City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing.
— Viet Nam News

Uncle Ho’s minders: The protectors of Vietnam’s embalmed leader
The task of safeguarding the embalmed corpse of Vietnam’s revolutionary leader Ho Chi Minh is gruelling: carefully-selected riflemen work around the clock, watching over the communist nation’s founding father who died 50 years ago Monday.
— France 24

South Korean naval ships to visit Vietnam
Destroyer Moon Mu The Great and logistics ship Roks Hwacheon of the South Korean navy will dock in Da Nang next week.
— VnExpress

State Audit Office of Vietnam, World Bank to boost cooperation
Officials of the State Audit Office of Vietnam (SAV) and the World Bank (WB) have discussed cooperation in the fields of shared concern at a recent meeting that was part of the SAV delegation’s working visit to the US from August 27 to 30.
— NDO

Vietnamese film industry begins to diversify, and thrive
What do you think about the Vietnamese film industry? Is our current film industry, compared to the past (before 1975), improving in terms of quality and depth?
— Viet Nam News

Vietnam competes at Chungju World Martial Arts Masterships
Vietnamese martial artists are taking part in the 2019 Chungju World Martial Arts Masterships, which began in Chungju city, in the North Chungcheong province of the Republic of Korea (RoK) on August 30.
— NDO

American writer settles down in Việt Nam after travelling to 70 countries
As the son of diplomats, American novelist Alexander Yates has travelled to 70 countries around the world.
— Viet Nam News

The true cost of cheap cigarettes
More than 100,000 people die each year from cancer in Việt Nam, and medical experts believe the fatality rate will rise because more and more young people are starting to smoke.
— Viet Nam News

Brewing tropical cyclone puts China and Vietnam back on alert
As the tropics continue to be active across the globe, the West Pacific Ocean basin looks to be no different this week.
— Accuweather

Indonesian solar lessons from Vietnam
During the recent Jakarta Car Free Day on 28 July, Indonesia’s Minister of Energy and Mineral Resources, Ignasius Jonan, led a campaign called the National Movement of A Million Solar Roofs (Gerakan Nasional Sejuta Solar Atap) to promote the country’s solar rooftop utilisation.
— The Asean Post

Something is stinking in Vietnam’s heritage sites
Every morning, That, a fisherwoman from the floating villages in Ha Long Bay in the Gulf of Tonkin, Vietnam, rows her bamboo boat past the limestone rocks rising from the emerald waters.
— The Hindu

AEON highly values Vietnamese market’s potential
Executives of Japanese retail giant AEON Co. Ltd. highly evaluated the Vietnamese market’s potential and stressed the necessity to focus on the market during a board meeting in Ho Chi Minh City on August 30.
— VietnamPlus

Global yacht race clipper named “Ha Long Bay – Vietnam”
A participating clipper of the Clipper Round the World Yacht Race 2019-2020 was named “Ha Long Bay – Vietnam” at a ceremony held in London on August 29.
— VietnamPlus

Mooncakes makers stepping up their game
For this Mid-Autumn Festival, which falls on September 13 this year, many mooncake brands are increasing their output and varieties and focusing on environment-friendly packaging.
— VietnamPlus

With few passengers, Hanoi train routes suffer losses
Three railroad routes from Hanoi to northern localities suffer combined losses of VND30 million ($1,290) a day due to low demand.
— VnExpress

Unlicensed multilevel marketing schemes thrive on social media
Some companies in Vietnam are using Facebook and YouTube to lure members for unapproved multilevel marketing schemes.
— VnExpress

Vietnam’s agricultural equipment on show at INAGRITECH 2019
Outstanding agro-fishery products and agricultural technologies of Vietnam were introduced at the 7th Indonesia International Agricultural Machinery, Equipment, Technology & Services Exhibition (INAGRITECH 2019) in Jakarta from August 28 to 30.
— NDO

Bird flu hits Vietnamese province
Vietnam’s southern Ben Tre province has seen the first outbreak of A/H5N6 bird flu which has led to the culling of 1,000 chickens.
— Xinhua

Pompeo congratulates Vietnam on National Day
It has become a routine that a sitting US Secretary of State sends greetings to Vietnamese people on the National Day, also known as the Independence Day.
— The Hanoitimes

Vietnam’s Asanzo suspends operation as losses from fraught allegation mount
Over the last 70 days of waiting for the final conclusion regarding the issue, Asanzo said the company had to pay VND1 billion (US$43,000) per day in salaries and wages for employees while its business operation was completely paralyzed over the saga.
— The Hanoitimes

Vietnam on track to become world’s major tech market: Tiki CPO
Vietnam could become a variant of Silicon Valley of Asia in the near future, according to CPO of TiKi Sakshi Jawa.
— The Hanoitimes

Best place to watch the fireworks on National Day in Saigon
National Day is a national holiday in Vietnam observed every 2nd September, commemorating President Ho Chi Minh reading the Declarations of independence of Vietnam at Ba Dinh Square in Hanoi on September 2, 1945.
— Vietnam Insider

Feature photo WorldKings

This week’s Vietnam morning news feature photo focus on Vietnam National Day, September 2.

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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