Vietnam Morning News For September 20

Việt Nam ranked in top countries for investment
Việt Nam has climbed in the ranking of best countries in which to invest this year, surpassing other Southeast Asian nations, such as Malaysia, Singapore and Indonesia.
— Viet Nam News

Vietnam’s new rules for foreign direct investments and foreign exchange control
The Circular, scheduled to take effect since September 6, 2019, regulates such activities like capital contribution, opening and use of foreign currency and Viet Nam Dong direct investment capital accounts, transfer of capital, profits and lawful incomes abroad, and transfer of investment capital, and transfer of investment projects.
— Vietnam Insider

Vietnam Criticized at UN Meeting in Geneva Over Rights Violations
Human rights groups hit out at Vietnam this week over the country’s suppression of religious freedoms and civil society, accusing the one-party communist state of multiple violations and continuing refusals to engage in sincere dialogue with foreign governments and NGOs.
— Radio Free Asia

Vietnam accuses China of sea encroachment
Vietnam has accused Beijing of direct encroachment on the disputed Nansha Islands at the South China Sea due to its frequent guarding in the guise of conducting marine reserves research.
— Manila Times

A Vietnam Airlines Boeing 787 Almost Landed Without It’s Gear Down In Melbourne
Earlier this morning, an incident was launched by the Australian Transport Safety Bureau (ATSB) after an inbound flight to Melbourne approached the runway without its landing gear deployed.
— Simple Flying

Vietnam to Strengthen Economic Reform Policy
Discussing proposals aimed at promoting the transformation of the Vietnamese economy and society is the objective of a forum that started in Hanoi on Thursday, with conclusions to be presented next year at the 13th National Congress of the Communist Party of Vietnam (CPV).
— Plenglish

E-government, smart city – an inevitable trend for Hanoi: Chairman
This is the only way of going forward to improve productivity, as well as the quality and efficiency in state governance, said Chairman of the Hanoi People’s Committee Nguyen Duc Chung.
— The Hanoitimes

Vietnam consuming natural resources faster than in 2018
Vietnam will use up its ‘quota’ of annual natural resources for this year in October, two months earlier than it did last year.
— VnExpress

Many foreign companies moving their factories to Vietnam from other countries
They included many factories from China operating mainly in the fields of electronics, textiles, footwear and spare parts production, such as Hanwha, Foxcom, Lenovo, Nintendo, Sharp among others.
— Vietnam Insider

Vietnam bond market grows by 2.6 percent: ADB
Vietnam’s bond market grew by 2.6 percent in the second quarter over the previous quarter despite the ongoing trade conflicts, the Asian Development Bank said.
— VnExpress

Sugar firm to meet shareholders at end of month
The company said total revenue in the last financial year was VNĐ890 billion (US$38.3 billion), 1.2 per cent lower than the full-year target.
— Viet Nam News

Việt Nam sees success in removing fishing yellow card
Việt Nam has implemented many solutions according to the European Commission (EC)’s nine recommendations to remove the yellow card warning on the country’s fishing industry. In November, the EC will come to Việt Nam for the second time to check and re-evaluate the implementation of these recommendations.
— Viet Nam News

VN must improve quality of labour force for EVFTA
The EU-Vietnam Free Trade Agreement (EVFTA) offers many opportunities to Vietnamese workers and just as many challenges. The country’s labour force must find ways to improve its quality in order to produce products that adhere to stricter standards in European markets, said policymakers and labour experts at a conference in Hà Nội on September 17.
— Viet Nam News

Defense Dialogue Highlights Vietnam-Cuba Military Ties
The interaction spotlighted the development of the security aspect of their wider diplomatic relationship.
— The Diplomat

Firm rupee lifts Indian rice rates; Vietnam prices hold near 12-year low
Indian rice export prices rose this week on a resurgent rupee, while sluggish demand kept Vietnamese rates near a 12-year low even as the country looks to encourage private investment to make its rice more competitive.
— Yahoo news

Vietnam, Mexico hold fifth political consultation
Vietnamese Deputy Foreign Minister Bui Thanh Son and his Mexican counterpart Julian Ventura Valero have compared notes on measures to strengthen relations between the two countries and foreign ministries.
— NDO

Casio provides function calculator to students in Vietnam
Ho Chi Minh is the financial capital of Vietnam with many new major development projects. Japanese companies have been actively participating and helping the development process.
— Yahoo news

Central city looks for more air routes in 2020
The central city will co-operate with travel agencies and airlines in launching new direct and chartered flights connecting Đà Nẵng with Korea, Jakatar, Indonesia, Phnom Penh, Haneda, Japan, Taiwan, India, Australia and Russia from next year.
— Viet Nam News

SCIC to offload pharmaceutical shares
The auction will be held at the Ha Noi Stock Exchange on October 10, 2019 and the volume of shares offered for sale is equal to 31.88 per cent of the firm’s charter capital.
— Viet Nam News

Vietnam, Greece to tap cooperation in strong fields
Vietnam and Greece should tap cooperation in fields of their strength such as navigation, services and tourism, Politburo member and Head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh has said.
— NDO

Vietnam’s industrial real estate draws investors amid global uncertainty
Trade tensions between the U.S. and China are driving increased real-estate investor interest to Southeast Asian countries, with Vietnam’s industrial sector a key focal point.
— The Investor

Vietnam LNG-to-Power Summit 2019: Seeking better source for power mix
Experts at the event will provide an overview of Vietnam`s LNG sector with vision to 2035 and address challenges as well.
— The Hanoitimes

Vietnam, Fastest-Growing Carbon Polluter
Carbon emissions are growing faster in Vietnam than any other country in the world, according to a recent analysis of world energy by oil and gas company, BP.
— Big News Network

Laos and Vietnam central banks bolster cooperation
The central banks of Laos and Vietnam will enhance bilateral cooperation in information technology, technical matters and other important areas related to banking.
— The Phnom Penh Post

Tiger weighing 240kg rescued from traffickers’ claws in northern Vietnam
Three men have been detained for wildlife trafficking after a 240kg live tiger they planned for cooking tiger bone glue was found in a truck.
— VnExpress

Hanoi overcomes consequences of blaze at bulb factory
Army and civilian personnel have been deployed to decontaminate the areas surrounding Hanoi`s burned-down bulb factory since September 12.
— The Hanoitimes

Vietnam Airlines to Launch Saigon – Bali / Phuket Flights; Resume Danang – Bangkok
Vietnam Airlines will launch flights to two of the world’s most popular holiday destinations next month.
— TravelBewsAsia

India’s import quotas harm local incense firms
India’s setting of quotas for Việt Nam’s incense stick exports to this country has caused domestic incense stick production and export enterprises to face bankruptcy.
— Viet Nam News

Vietnam Reform and Development Forum opens in Hà Nội
A draft Vietnam Socio-Economic Development Strategy (SEDS) for 2021-2030 listed the country’s top objectives as to fully embrace a modern market economy that adheres to global norms and standards, to establish legal frameworks for new business models, the digital economy and protect the environment.
— Viet Nam News

Realty firm buys back half of its April bond notes
Phát Đạt Real Estate Development JSC (HoSE: PDR) wants to buy back half of its bonds issued in April.
— Viet Nam News

Phinma to invest $50M in Vietnam cement maker
PHIMNA Corp. is set to invest in Vietnam-based Song Lam Cement Joint Stock Co. through the acquisition of preferred shares worth $50 million (P2.60 billion).
— Manila Times

Ride-hailing app Go-Viet’s CEO steps down after 5 months in charge
Both sides tried to close gap on differences but failed to reach a mutual agreement in the end.
— The Hanoitimes

Three exhibitions begin in HCM City
The 13th Việt Nam International Woodworking Industry Fair opened in HCM City on Wednesday with over 490 firms from 32 countries and regions taking part.
— Viet Nam News

Blockchain community asks for a sandbox
Representatives of the blockchain industry in Việt Nam have asked for a ‘sandbox’ for the technology while meeting with Government agencies at a conference on Wednesday in Hà Nội.
— Viet Nam News

Dengue fever enters peak season in southern Vietnam
The dengue fever season is peaking in Vietnam’s southern region, with a sharp rise in incidence of the mosquito-borne disease in Ho Chi Minh City and the Mekong Delta, according to local health agencies.
— Xinhua

Green finance for renewable energy
Renewable energy has great potential to meet growing demand if it has appropriate policies and financial support.
— Viet Nam News

Vietnamese goods shine in Thailand
Vietnamese businesses are proudly presenting their products at the “Vietnamese Week in Thailand 2019”, which officially opened on September 18 in Bangkok, Thailand.
— Viet Nam News

Japan’s material handling system provider, Daifuku established subsidiary in Vietnam
Daifuku Co., Ltd. – the leading material handling system provider in Japan just announced the establishment of its Vietnamese subsidiary, Daifuku Intralogistics Vietnam Co., Ltd.
— Vietnam Insider

Travel, realty firm shares down despite director’s buyback order
The company’s general director Hoàng Anh Dũng plans to increase his ownership in the business to 27.68 per cent from the current 0.05 per cent.
— Viet Nam News

Saigon Co.op signs deal with Grab to offer consumers new experiences
The Saigon Union of Trading Co-operatives on Tuesday signed an agreement with Grab Company Limited to offer consumers new experiences on the technology platform ranging from shopping and mobile payment to delivery.
— Viet Nam News

Việt Nam bond market continues growth
Việt Nam’s local currency bond market grew 2.6 per cent to $52.9 billion in local currency terms in the second quarter of this year, after a 0.7 per cent expansion in the first quarter.
— Viet Nam News

Feature photo James Mason-Hudson

This week’s Vietnam morning news feature photo focus on regional parliament houses.

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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