Vietnam morning news for January 6

Vietnam morning news for January 6
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Vietnam morning news

Cash Shortage Hurts Investment in Vietnam
Businesses in Vietnam face a cash shortage that is preventing as much as $24 billion that could be invested in the nation’s $250 billion economy, according to a study by PwC Vietnam.

Vietnam’s e-commerce market to rocket to 13 billion USD in 2020
The size of Vietnamese e-commerce market is likely to hit 13 billion USD this year thanks to a large percentage of young residents and internet subscribers, according to insiders.
— VietnamPlus

Vietnam to buy 1.5 billion kWh of power annually from Laos
State power utility EVN will buy around 1.5 billion kWh of electricity a year from Laos for two years starting in 2021.
— VnExpress

Vietnam’s new circular to turn US$1.73 billion required reserves to loans
The circular lists cases that credit institutions are granted a reserve requirement waiver or a lower reserve requirement ratio.
— The Hanoitimes

U.S. Diplomats Help 13 North Korean Escapees Held in Vietnam Reach Safety
Caught halfway into a multicountry escape from North Korea, 13 individuals detained in Vietnam reached safety last month due to an unexpected helping hand: the U.S. government.

Japanese bank seeks 9.9 pct stake in Vietnam’s OCB
Japan’s Aozora Bank Ltd could acquire 9.91 percent of Vietnam’s Orient Commercial Joint Stock Bank in a VND1.22 trillion ($52.8 million) deal.
— VnExpress

Vietnam takes a leap in digital transformation with foreign participation
Seeing the growth potential ahead, many tech giants, such as Lenovo, Ericsson, Qualcomm, and Huawei, are targeting the Vietnamese market.
— The Hanoitimes

Domestic cybersecurity products on the rise in Vietnam
The number of locally-made cybersecurity products increased last year, said the Ministry of Information and Communications (MIC) on Friday.
— Eleven Myanmar

Vietnam and Laos committed to further cooperation
Prime Ministers Nguyen Xuan Phuc and Thongloun Sisoulith will chair here this Saturday the 42nd meeting of the Vietnam-Laos Intergovernmental Committee.
— Plenglish

5G key for Vietnam in Fourth Industrial Revolution
As part of plans to catch up with developed economies, Vietnam is looking to embrace the Fourth Industrial Revolution (FIR), with 5G service one of the key steps.
— VietnamPlus

Vietnam’s Year in Review and Outlook for 2020
Vietnam’s 2019 was a remarkable year for its economic growth amid a global slowdown. Gross Domestic Product (GDP) growth remained robust at about seven percent (the highest in Southeast Asia) with inflation stable at four percent.
— Vietnam-Briefing

Boomers Return to Vietnam—This Time as Retirees
The rate of Americans retiring in Vietnam is increasing, the Los Angeles Times reported. Baby boomers are attracted by a booming middle class, lower health care costs, and inexpensive housing.
— The Great Courses Daily

Rice exports struggle to hit 8m tonnes
Rice exports may fall below 8 million tonnes for 2019, with this year’s prospects still uncertain because of a slew of risk factors such as the continued strong baht, natural disasters and emerging new rice exporters like Myanmar and China.
— Bangkok Post

Vietnam begins presidency of UN Security Council
Vietnam began activities in its capacity as President of the United Nations Security Council (UNSC) at the UN headquarters in New York on Thursday (local time), marking the start of the country’s UNSC non-permanent membership for a two-year term.
— Eleven Myanmar

HDBank receives Labour Medal on 30th anniversary
The HCM City Development Joint Stock Commercial Bank, formally known as HDBank, on Saturday received the President’s Labour Medal for its “outstanding achievements in business and credit activities and corporate social responsibility” on the occasion of 30th anniversary of the bank’s founding.
— Viet Nam News

Which were 2019’s most profitable stocks?
Thirty stocks on Vietnamese market at least doubled in value last year, with most gainers being penny stocks.
— VnExpress

Blue chips drag VN-Index down
The VN-Index slipped 1.53 points, or 0.16 percent, to 965.14 points Friday with most blue chips stocks closing in the red.
— VnExpress

Vietnamese Youth and Student Association in Japan holds beauty contest
Nguyen Thu Trang, a third-year student of the Tokyo International University, has won the crown of a beauty contest held by the Vietnamese Youth and Student Association (VYSA) in Japan.
— VietnamPlus

Hanoi’s 10 outstanding young people to be honoured
Ten outstanding young Hanoians will be honoured at a ceremony to be held by the Ho Chi Minh Communist Youth Union’s Hanoi chapter on January 7.
— VietnamPlus

Special art programme celebrates country’s major holidays
A special art programeme, entitled “Resounding the country’s melody”, was held at the Hanoi Opera House on January 4, praising the Party and country.

Ministry requires to increase border quarantine to prevent disease spreading
To mitigate the introduction of contagious diseases by cross border travelers in the Lunar New Year, the Department of Preventive Health under the Ministry of Health yesterday required to increase supervision to prevent diseases from crossing borders.
— Sggp News

Police investigate electronic firm Asanzo for trade fraud
The government is determined to deal with the case in compliance with the law and ensure lawful rights of enterprises and consumers.
— The Hanoitimes

Bancassurance becomes crucial growth driver for banks in Vietnam
Bancassurance income is set to have much potential to grow both at sector-wide and individual bank level, according to a brokerage.
— The Hanoitimes

Real estate remains attractive for foreign investors
Real estate drew in $3.88 billion of registered FDI capital in 2019, ranking second after processing and manufacturing and accounting for 10.2 per cent of the total.
— Vietnam Insider

Vietsovpetro strives for $1.38 billion in revenue in 2020
In 2019, Vietsovpetro put two oil rigs into operation, meeting its target to expand exploitation areas.
— Viet Nam News

Vietnamese man cuts off own penis under influence of alcohol
A Vietnamese man has recently been admitted to the Viet Duc (Vietnam – Germany) Hospital in Hanoi with his penis chopped off due to his alcohol-induced psychosis disorders.
— Vietnam Insider

First international flight lands at Phú Cát airport
Ho Quuc Dũng, chairman of the Bình Định People’s Committee, described the route as a good opportunity for his province to connect with the world, attracting more international holiday-makers and investors to the locality.
— Viet Nam News

Tet clean agricultural products fair opens
Tet (Lunar New Year) clean agricultural products fair 2020, offering a variety of regional specialties, opened at the Vietnam Women’s Museum, in Hanoi, on January 4.

Increasing value for Vietnamese agricultural products
Agriculture is one of the most important export sectors of Vietnam, contributing greatly to the general export turnover of the country. However, besides efforts and achievements, agricultural exports have been facing several difficulties and challenges amid global economic integration.
— Sggp News

Customs contributes record to State budget
Vietnam’s customs department contributed a record VND348 trillion (US$15 billion) to the State budget from the collection of import and export taxes in 2019, according to the General Department of Customs.

Phu Cat airport welcomes first international flight
Bamboo Airways will operate eight direct flights from Phu Cat airport to Cheongju international airport of the Republic of Korea (RoK) and vice versa in this month.

Vietnam’s railway industry remains ailing
The production and revenue of the Vietnam Railways Corporation (VRC) in 2019 failed to meet its plan and were much lower than those in the same period in the previous year. At the same time, the prospects of the railway industry remain pessimistic for the following years.
— Sggp News

Dump-turned-park offers relaxing moments
It’s hard to believe that the special sightseeing area was fashioned out of an old rubbish dump.
— Viet Nam Net

Teachers offer free haircut for poor students at Ha Tinh school
Teachers at a secondary school in the central province of Ha Tinh is running a free barber shop to serve students from low-income families.
— Vietnam Insider

The 1979 Sino-Vietnam War Was The Crucible That Forged China’s New Military
In one Chinese general’s words, the border conflict “allowed him to achieve his dream of waging modern war by modern methods.”
— Yahoo News


Feature photo u/yunie_c

This week’s Vietnam morning news feature photo focus on street food 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).



About Vietnam morning news.

Vietnam morning news roundup is the most comprehensive hand-curated selection of Vietnam English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Vietnam English language news today.

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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