Vietnam morning news for January 7

Vietnam morning news for January 7

Vietnam morning news

Vietnam to operationalize 2020 with new transport infrastructure
Metro, tunnels and expressways count among Vietnam’s grand billion dollar projects expected to commence operations this year.
— Vietnam Insider

Vietnam to hold auctions for 400 MW of floating solar
Following its decision to switch from fixed feed-in tariffs to reverse auction bidding for the setting of solar incentives, the Vietnamese government has decided to devote the first two pilot auctions to floating PV.
— PV-Magazine

Vietnam’s PM Urges Police to Clamp Down on National Security Crimes
On the heels of a report that the Vietnamese government arrested and charged 39 prisoners of conscience in 2019 on charges of violating national security, the country’s prime minister urged the police to step up its efforts against “hostile forces and reactionaries.”
— Radio Free Asia

‘Cambodia-Vietnam ties stronger than rest of Asean’
With Vietnam’s economic relationship with Cambodia being significantly stronger than its other Asean partners, Vietnamese ambassador Vu Quang Minh said the two countries’ trade volume will reach $5.2 billion annually.
— The Phnom Penh Post

Vietnam in deals to buy Laos electricity from 2021
Vietnam’s electricity firm EVN has signed five new deals to buy electricity from Laos starting from next year, the state-run company said.
— Reuters

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Restaurants lack customers after drink driving law tightened
Restaurants are reporting a sharp fall in the number of customers after a few days the new fines on drink driving took effect.
— Vietnam Insider

Pork imports rocketed due to high demand for Tet
Pork imports rocketed over the last two months as market demand surges weeks before the Tet, or Lunar New Year holiday – the biggest holiday in Vietnam when pork is widely used in preparing traditional dishes – according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.
— Vietnam Insider

Expat Insider – Vietnam ranked among the best countries to work abroad
While it may be better known for its rich history, pristine beaches and bucket-list tourist destinations, Vietnam should also be on workers’ radars if they ever dream of relocating abroad.
— Vietnam Insider

Prudential Vietnam inks exclusive bancassurance partnership with SeABank
PRUDENTIAL Vietnam Assurance, a subsidiary of mainboard-listed Prudential plc, will offer its life insurance products to Southeast Asia Commercial Joint Stock Bank’s (SeABank) customers.
— Vietnam Insider

Vietnam government vows to combat origin frauds
The resolution is a necessary move to ensure sustainable development of Vietnam’s exports and lawful rights of local compliant traders.
— The Hanoitimes

Top 10 public firms in Vietnam post market cap of US$88 billion
Nine out of the ten largest cap companies continued to lead the classification compared to 2018, but their rankings are now changed.
— The Hanoitimes

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

Industry calls for national technical regulation for raw cashew
The Việt Nam Cashew Association wants the Ministry of Agriculture and Rural Development to draft national technical regulations for raw cashew nuts so that processors can ensure the quality of imported raw material.
— Viet Nam News

Footwear, handbag sector eyes export target of $24b in 2020
The footwear and handbag industry aims to reach export revenue of US$24 billion in 2020, after hitting $22 billion last year, the industry association said.
— Viet Nam News

Vietnam’s economic growth attracts overseas retailers
Strong economic growth, rising incomes and retail sales increasing at the fastest rate in four years are attracting overseas retailers to Vietnam.
— Warc

Vietnam retail sales hit four-year high
Retail sales in Vietnam have reached VND4.94 quadrillion (US$214.8 billion) as of last year, a rise of 11.8 per cent over the previous year.
— Insider Retail

Vietnamese and foreigners enjoy same-level entrance fees to relic sites from mid-January
Foreigners will enjoy uniform entrance fees to relic sites in Vietnam paying the same price as Vietnamese, starting from January 13.

PM calls for quality of statistical data to be enhanced
Prime Minister Nguyen Xuan Phuc has asked Vietnam’s statistical agencies to continue to improve the quality of statistical information in order to better serve socio-economic development management.

Non-performing loans ratio at banks to be curbed below 2%
The Governor of the State Bank of Vietnam has issued a directive on the implementation of key tasks of the banking sector in 2020 under which non-performing loans of the banking system are expected to be curbed below 2%.

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Hanoi has high demand for Grade A apartments in Quarter 3
The real estate market of Hanoi saw high demand for Grade A apartments for rent and sale in the third quarter, according to Savill Vietnam’s quarterly report on Hanoi’s property market.
— VietnamPlus

Ministry warns against two medicines online
Health watchdog has warned residents against Osicent 80mg and Tagrix 80mg tablets available online which are used in the treatment of lung cancer.
— Sggp News

Firms urged to comply with origin rules amid escalating protectionism
The Ministry of Industry and Trade urged firms to strictly comply with rules of origin to avoid negative impacts on exports amid escalating trade defence measures.
— Viet Nam News

HCM City’s EVN to become digital business
HCM City’s electricity sector has set a target to become a digital business by adopting key technologies such as big data, Internet of Things and artificial intelligence (AI) to improve the local power system.
— Viet Nam News

Taiwan becomes Vietnam’s fifth largest foreign investor
Taiwan was the fifth-largest foreign investor in Vietnam for the first 11 months of 2019, the Ministry of Economic Affairs’ (MOEA) statistics department reported Monday.
— Focus Taiwan

SBV sets cashless payments as top priority for 2020
The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.
— Viet Nam News

Hà Nội has high demand for Grade A apartments in Q3
Grade A apartments must be built near convenient transportation systems, with good facilities and convenient social and service infrastructure. They also need a professional management and operation company.
— Viet Nam News

Vietnam Airlines to serve Canh oranges to business class passengers
Passengers travelling with Vietnam Airlines between Hanoi and Ho Chi Minh City as well as on international flights departing from these cities will get to enjoy Canh oranges – a popular variety of oranges from Vietnam.
— Business Traveller

Wild turtles under threat of extinction
Many species of rare turtles are in danger of extinction due to illegal trading in Việt Nam.
— Viet Nam Net

Brokerages hope for more capital in stock market
Việt Nam’s stock market is expected to lure more foreign capital in 2020, according to brokerages.
— Viet Nam News

HCM City to change way waste is classified at source
The HCM City Department of Natural Resources and Environment plans to change the way solid waste is classified at source to suit treatment technologies, its chief has said.
— Viet Nam Net

Vietnam enhances quarantine checks at border gates
The Ministry of Health’s General Department of Preventive Medicine has instructed agencies to enhance quarantine checks at border gates to prevent the introduction of contagious diseases by cross-border travellers.
— 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

Hanoi office market in Q4/2019 sees launch of only Grade B buildings
The new launch drives up the total supply of Grade B segment to 1.8 million square meters.
— The Hanoitimes

Owners of Cocobay Đà Nẵng condotels propose solution to profit problem
Many owners of units at the Cocobay Đà Nẵng condotel project have proposed to convert profits owed by Thành Đô Company into land or houses at Cocobay, according to a statement from Thành Đô.
— Viet Nam News

Hanoi to continue strong 2019 momentum into 2020
Hanoi ended 2019 with high economic note, including a 4-year high GRDP growth of 7.62%, laying a strong foundation for the city to prepare for any challenges and set higher targets in 2020.
— The Hanoitimes

Top leader pins high hope on prosperous Vietnam
Party General Secretary and President Nguyen Phu Trong has expressed his belief and desire for a bright future of the Party and nation, for a Vietnam of peace, independence and prosperity.

Prudential Vietnam in insurance distribution deal with SeABank
Prudential Vietnam and the Southeast Asia Joint Stock Commercial Bank (SeABank) on Monday announced they have entered into an exclusive 20-year bancassurance partnership.
— Viet Nam News

Motorcycle makers running out of gas in face of increased competition
The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.
— Viet Nam News

Hanoi to have another international university
The university will become an international innovation center of the Vietnam National University, Hanoi.
— The Hanoitimes

HCM City exhibition organising industry hailed for yeoman service
The exhibition organising industry has played a crucial role in job creation in HCM City and economic growth, experts have said.
— Viet Nam News

Kindergarten fined for serving unhygienic food to students
A Thanh Hoa Province kindergarten where 143 kids had to be hospitalized with food poisoning a fortnight ago has been fined VND43 million ($1,860).
— Vietnam Insider

Hanoians still burn 23,000 honeycomb charcoal stoves each day
Hanoians still use more than 23,000 honeycomb charcoal stoves every day, Hà Nội’s Sub-department of Environmental Protection said.
— Viet Nam Net

V3, EZ-Link-led consortium, BEYOND joins Singapore’s digital banking license race
BEYOND association, led by V3 Group and EZ link, announced that it has placed a bid for a full digital baking license, according to a press statement on January 5, 2020.
— e27

Global news, pre-Tết sentiment key to VN stocks
US-Iran tensions and pre-Tết sentiment will be two key factors impacting the Vietnamese stock market in the coming week.
— Viet Nam 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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