Vietnam Morning News For January 13, 2020

Vietnam’s coal purchases set to escalate
Vietnam will import 12 million tons of coal this year, 30 million tons in 2025 and 50 million tons in 2030 to fuel thermal power plants.
— VnExpress

Civilian Killed in Violent Land Clash in Vietnam Identified as Elderly Community Leader
A civilian killed during a violent clash over a land dispute that also left three policemen dead has been identified as the elderly leader of a group of villagers protesting a military airport construction site near Vietnam’s capital Hanoi, state media said Friday.
— Radio Free Asia

Vietnam aviation industry maintains double-digit growth in 2019
Airports Council International forecasts that Vietnam will have the fastest air passenger growth in the world in the period of 2018-2040 with an average annual growth rate of 6.2%.
— The Hanoitimes

Vietnam’s cement sector marks 120th anniversary
A ceremony was held in Hanoi on January 10 to mark the 120th anniversary of Vietnam’s cement sector.
— VietnamPlus

Coca-Cola Vietnam fined for tax evasion
Coca-Cola Vietnam has been ordered to pay VND821.4 billion ($35.4 million) in back taxes and penalties stretching back over nine years.
— VnExpress

Support industry promotes development of industrial real estate
The supporting industry boosted the development of Vietnam’s industrial real estate market last year, according to CBRE Vietnam Co, Ltd.
— VietnamPlus

Can Vietnam rise to leadership challenge?
Vietnam leads: Thailand’s Prime Minister Prayut Chan-o-cha (left) hands over the gavel for ASEAN chairmanship to Vietnam’s Prime Minister Nguyen Xuan Phuc during the closing ceremony of the 35th ASEAN Summit in Bangkok on Nov. 4, 2019.
— The Jakarta post

Vietnam to select quality foreign investment
Vietnam is earmarking environmentally friendly, high tech investment to best serve the sustainable growth of the country.
— Borneo Bulletin

Alcohol laws are driving down business
A strict drink driving law has left some small businesses feeling the pinch, with many claiming customers are shunning bia hơi fearing they will fall foul of the tough new regulations.
— Viet Nam News

American companies have interest in Vietnam’s continued success: AmCham
Promoting a fair, transparent, predictable, and streamlined regulatory ecosystem that values innovation will help Vietnam continue to attract high-quality investment.
— The Hanoitimes

Endangered pangolins saved from traffickers in north central Vietnam
Thanh Hoa Police said Saturday that 16 pangolins being taken in a car to be sold in Hanoi have been seized.
— VnExpress

Can Tho ceremony marks 70 years of Vietnam-Russia diplomatic ties
A ceremony was held in the Mekong Delta city of Can Tho on January 10 to celebrate the 70th founding anniversary of Vietnam-Russia diplomatic relations (January 30).
— VietnamPlus

Air pollution could rip 5 pct off Vietnam GDP
Hazardous air quality may cause damages worth 5 percent to Vietnam’s GDP as foreign investors lower funding, heard the Vietnam Business Forum.
— VnExpress

Car sales in Vietnam up 12% y/y in 2019
The year of 2019 was a difficult period for Vietnam’s auto market, but also marked positive performances of most local car producers.
— The Hanoitimes

Petrovietnam profits drop despite revenue surge
State-owned oil giant Petrovietnam saw consolidated pre-tax profits fall 13.4 percent year-on-year to VND43.8 trillion ($1.89 billion).
— VnExpress

PM requests stepping up public investment disbursement
Prime Minister Nguyen Xuan Phuc on January 10 asked the Finance Ministry to work closely with the Ministry of Planning and Investment to step up public investment disbursement.
— NDO

Mobile phone retailer Vien Thong A shuts up shop
Vien Thong A, one of Vietnam’s earliest mobile phone retail chains, has shut all outlets after two decades of operation.
— VnExpress

Fascinating Vietnam
“You can kill 10 of my men for every one I kill of yours. But even at those odds, you will lose and I will win,” Ho Chi Minh warns French colonialists, 1946.
— Tribune

Government encourages startup innovation: Deputy PM
The Government will develop an innovative and business-centred ecosystem, Deputy Prime Minister Trinh Dinh Dung said at the Vietnam Business Forum 2019 in Hanoi on January 10.
— NDO

CLMV senior economic officials meet in Hà Nội
Senior economic officials from Cambodia, Laos, Myanmar and Việt Nam (CLMV) gathered in Hà Nội on Sunday for their 18th meeting, hosted by the Vietnamese Ministry of Industry and Trade (MoIT).
— Viet Nam News

Vietnamese enterprises seek food business opportunities in India
Vietnamese enterprises joined the third Indian International Food and Beverage Expo (Indus Food 2020) in Uttar Pradesh, India, from January 8 to 10, to seek business cooperation opportunities in confectionery, beverages, energy drinks and fruits.
— NDO

Vietnam Formula One pit buildings to be named after local cities
Nine pit buildings of the F1 Vietnam Grand Prix in Hanoi’s My Dinh Stadium will be named after the country’s popular destinations from north to south.
— VnExpress

Why The Trade War Is Bad For China But Not So Bad For Vietnam and Asian Countries
Vietnam, for instance, as measured by the VanEck Vectors Vietnam (VNM) exchange traded fund, has started the year off in the red while the MSCI China and the MSCI Emerging Markets indexes are both up.
— Vietnam Insider

Vietnam among world’s 10 largest standing armies
Vietnam is ninth in a list of 10 countries with the largest active military manpower in service as of 2019, a report says.
— VnExpress

Vietnam ministry advises protection steps against dangerous pneumonia virus from China
Vietnam’s Health Ministry has listed several steps for people to protect themselves from a new pneumonia virus that had killed one in China.
— VnExpress

Ten notable natural resources and environment events of Vietnam in 2019
Minister of Natural Resources and Environment Tran Hong Ha recently signed a decision to announce the ten most talked-about events of Vietnam’s natural resources and environment sector in 2019.
— NDO

UN leaders, countries highly value Vietnam’s international stature
Leaders of the United Nations and officials of some countries highly valued Vietnam’s international stature while meeting with Deputy Prime Minister and Foreign Minister Pham Binh Minh in New York on January 9-10.
— NDO

Vietnam’s ‘incense village’ prepares for lunar new year
Workers are busy dyeing, drying and whittling down bamboo bark to make incense sticks.
— Gulf News

Vietnam most promising Asian destination for Japanese investors
Vietnam has been named by Japanese firms as the most promising destination in Asia to invest in this year, with India and Southeast Asian countries dominating other top spots, according to the latest survey released by NNA Japan Co., a Kyodo News group company.
— Vietnam Insider

Foreign financiers deepens engagement in Vietnamese market
Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.
— The Hanoitimes

Vietnam chairs first meeting of ASEAN Committee in New York
The first meeting of the Association of Southeast Asian Nations (ASEAN) Committee was held in New York on January 10, focusing discussion on activities and priorities of ASEAN member states this year.
— VietnamPlus

Exhibition features Vietnam’s lands and people through lens of Hungarian photographer
A photo exhibition entitled ‘Vietnam’s heartbeats’ opened in Budapest, Hungary, on January 10 as the first event in 2020 to celebrate the 70th anniversary of Vietnam – Hungary diplomatic relations (1950 – 2020).
— NDO

Starbucks Vietnam opens new concept store at Ecopark
Starbucks Vietnam has opened a concept store at a new urban development called Ecopark in Hung Yen, near Hanoi, its 63rd store in the country.
— Insider Retail

Vietnam faces growing threat to energy security, environment
Your family’s electricity bills might zoom this year as Vietnam is set to buy 1.5 billion kWh of power from Laos.
— VnExpress

Armenia’s Ambassador to Vietnam concurrently appointed Ambassador to Cambodia
President of Armenia Armen Sarkissian signed a decree according to which Armenia’s Ambassador to Vietnam Vahram Kazhoyan (residence in Hanoi) has been concurrently appointed as Ambassador to Cambodia, the Presidential Office told Armenpress.
— Armenpress

Vietnam Aquaculture Market – Industry Insights By Growth, Emerging Trends And Forecast By 2024
According to the Vietnam aquaculture market report by IMARC Group, the market size reached 4 Million Tons in 2018.
— Citiblog News

Feature photo GE Reports

This week’s Vietnam morning news feature photo focus on renewable energy use throughout Asean.

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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