Vietnam Morning News For January 15, 2020

Việt Nam ranks 9th among countries importing US fresh fruits
The US’ fresh fruit exports to Việt Nam reached US$97 million in 10 months of last year, as of October 30, a year-on-year increase of 46 per cent, reported the US Department of Agriculture.
— Viet Nam News

South China Sea: Putin moves to support the Philippines and Vietnam against Beijing’s plan
The development will frustrate China’s attempts to secure ownership of the lucrative zone within its nine dash line, the proportion of the sea bed that Beijing has allocated for itself.
— Express.co.uk (video)

First airline in Vietnam lets passengers self-check luggage
Flag carrier Vietnam Airlines will allow passengers to self-check luggage to avoid crippling queues.
— Vietnam Insider

Ministry of Industry and Trade issues action programmes for 2020
Minister of Industry and Trade Tran Tuan Anh has asked agencies and organisations in all localities to strengthen the fight against corruption and trade fraud.
— VietnamPlus

Vietnam’s New Airline Vinpearl Cancelled Before First Flight
Vietnam’s largest conglomerate, Vingroup, has decided to scrap its plans for an airline business. Vinpearl Air should have been launched this summer, with plans to grow to a fleet of 30 aircraft by 2024. It seems worries about Vietnam’s aviation market becoming saturated are at the heart of Vingroup’s decision.
— Simple Flying

Vietnam Central Bank, Two Others Invited to Join BIS Membership
The central banks of Vietnam, Kuwait and Morocco have been invited to become BIS members, the first expansion of its member base since 2011.
— Regulation Asia

PM shares Tet joy with workers, disadvantaged people in Vinh Long
Prime Minister Nguyen Xuan Phuc shared the joy of the Lunar New Year (Tet) festival with workers, low-income people and Agent Orange victims at a programme in the Mekong Delta province of Vinh Long, on January 14.
— VietnamPlus

Vietnam says not aiming to create ‘unfair competitive advantage’ in int’l trade
The State Bank of Vietnam said on Tuesday it was not aiming to create “unfair competitive advantage” in international trade, after the country appeared on a U.S. watch list of currency manipulators.
— Reuters

Ministry of Industry and Trade issues action programmes for 2020
Minister of Industry and Trade Trần Tuấn Anh has asked agencies and organisations in all localities to strengthen the fight against corruption and trade fraud.
— Viet Nam News

Government decree drafted to protect personal data
The Ministry of Public Security is drafting a governmental decree on personal data protection in order to protect the legal rights and interests of individual and organisations.
— Viet Nam News

Motorbike sales in Vietnam shrink in 2019
The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its five members, namely Honda, Piaggio, Suzuki, SYM, and Yamaha, sold over 3.25 million motorbikes in 2019, a year-on-year decline of 3.87 percent.
— VietnamPlus

HCMC to limit old vehicles to curb pollution
Ho Chi Minh City authorities are implementing a program to inspect vehicle exhaust emissions during January, with plans to restrict the number of old vehicles that cause pollution.
— Vietnam Insider

Vingroup grounds aviation plans
Conglomerate Vingroup has withdrawn its proposal to establish Vinpearl Air, pulling out of the aviation market to focus on manufacturing.
— Vietnam Insider

Vietnam can enjoy faster internet service by early next month
Local press reports indicate that undersea cable repairs on three internet cables connected to Vietnam are soon to conclude, enabling faster internet connectivity after a number of breakdowns and disruptions.
— Vietnam Insider

Hanoi police probe 22 protesters in Dong Tam deadly riot
The protesters would be charged with murder and resisting on-duty enforcement officials following involving in the riot which killed three policemen.
— The Hanoitimes

Vietnam’s Winking Seal Beer Co. Launches beWater to Help Eliminate Single-Use Plastics
Winking Seal Beer Co., a leading Vietnam-based craft beverage company, has partnered with TBC-Ball Beverage Can Vietnam Limited and Ball Asia Pacific Limited to launch beWater – an environmentally-friendly canned water product.
— Yahoo News

Vietnam government drafts decree to protect personal data
The Ministry of Public Security is drafting a governmental decree on personal data protection in order to protect the legal rights and interests of individuals and organisations.
— The Star Online

Vietnam plans to address IUU fishing loopholes
Vietnam is the only Asian country remaining with a yellow card warning from the EC for IUU fishing.
— Agribusiness Intelligence

Air pollution forces Vietnam to cough up $13 billion a year
Losses due to worsening air quality in Vietnam amounted to between $10.82-13.63 billion a year, experts told a conference Tuesday.
— VnExpress

Vietnam’s Vingroup scraps plan to launch airline to focus on tech
Vietnam’s largest conglomerate Vingroup JSC VIC.HM said on Tuesday it has scrapped a plan to launch an airline and will instead focus on technology development and industrial production.
— Nasdaq

IFC extends $213m debt financing for Vietnam’s VPBank
International Finance Corporation (IFC) is extending a $212.5-million financing package for Vietnam-based VPBank to expand the latter’s lending to small and medium enterprises (SMEs) as well as financing for climate-related projects.
— DealStreetAsia

Japan supports Vietnam’s food value chain development
Vietnam holds great potential in food value chain development with a large consumption market and high export values, especially as the country is a member of various free trade agreements (FTAs), heard a seminar held in Hanoi on January 14.
— VietnamPlus

Ford invests US$82 million to expand Vietnamese plant
Ford Motor Co said on Tuesday it is investing US$82 million to expand its plant in eastern Vietnam to boost production capacity.
— Channel NewsAsia

Illegal logger becomes dedicated forest ranger
Điểu Long used to be one of the most notorious illegal loggers in the southern province of Bình Phước. But now, ironically, Long is one of the most dedicated rangers in the park.
— Viet Nam Net

A lot of pressure for inflation control in 2020
The fluctuating price of pork last year had significant impacts on the market, as the price plummeted in the first half of the year then soared in the second half.
— Viet Nam News

VN stocks decline as holidays approach
Vietnamese shares ended Monday on a negative note as investors sought ways to exit the market ahead of the Tết (Lunar New Year) holiday.
— Viet Nam News

Vietnamese users prefer biometric authentication in payment: survey
A strong majority of cardholders in Viet Nam are interested in using biometric authentication such as fingerprints or facial recognition to complete transactions, rather than PIN numbers or passwords and other, study said.
— Viet Nam News

PhD students to connect with industries, boost economic growth
PhD students need to connect with industries to benefit the economy in Việt Nam, experts said at a recent workshop in Hà Nội.
— Viet Nam News

MIC gearing up for 2.6 Ghz auction
Minister of Information and Communications Nguyen Mạnh Hùng urged the Authority of Radio Frequency Management to auction off space on the 2.6 Ghz spectrum.
— Viet Nam News

GDP growth forecast robust for 2020
Việt Nam would look to maintain economic growth of 6.76 per cent this year, according to the National Centre for Socio-Economic Information and Forecast under the Ministry of Planning and Investment.
— Viet Nam News

New players reshape Vietnamese aviation market
The latest figures published by the Civil Aviation Authority of Việt Nam revealed that the Vietnamese aviation market saw noticeable changes in 2019, driven by the participation of private carriers.
— Viet Nam News

Shares forecast to advance on bottom fishing
Shares could rebound next week following recent sharp falls that have triggered investors to bottom fish, but fluctuations can be expected.
— Viet Nam News

Number of business households turning into companies remains low
HCM City has applied measures to encourage business households to turn themselves into companies, but the results have not met expectations, according to the municipal government.
— Viet Nam News

Masan to close hundreds of ineffective VinMart and VinMart+ stores
After purchasing the retail chain from Vingroup’s VinCommerce earlier this month, Masan Group plans to close hundreds of ineffective VinMart and VinMart + stores.
— Viet Nam News

Việt Nam and Japan agree to boost tourism co-operation
Việt Nam has called for stronger investment from Japan, including in medium- and small-sized enterprises in tourism, education and trade as the country eyes growth in the ‘green’ industry.
— Viet Nam News

7 ways to build a better brand that defines you in 2020
The word brand or logo is often cast-off in the technological world and though it is one of the most important factors to work on digitally. Branding has been stated to companies for a long time, but nowadays almost every next person has its own brand.
— e27

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