Vietnam Morning News For July 17, 2020

Vietnam dismisses China claims of East Sea activity over 2,000 years ago
Vietnam Thursday dismissed Chinese claims of East Sea activities dating back 2,000 years plus and called for all countries to respect international law.
— VnExpess

Will We See a US-Vietnam Strategic Partnership?
Common concerns over China’s have brought the United States and Vietnam together, but there are frictions, too.
— The Diplomat

FDI Data Shows Vietnam’s Steady Performance in First Half of 2020
Vietnam has garnered international praise for its swift and effective response to the COVID-19 outbreak.
— Vietnam Briefing

Vietnam climbs up UN’s E-Government Development Index ranking
According to the United Nation’s 2020 E-Government Survey, Vietnam ranked 86th, up 2 places compared to the 2018 survey, maintaining a continuous rise from 2014.
— Vietnam Times

BOT thermal power projects rush to meet target
In spite of numerous difficulties, the investors of four thermal power plant projects under the build-operate-transfer (BOT) model are rushing to start operation and begin generating power for the national grid.
— VIR

Hanoi’s new tunnel project at busy intersection revealed
Construction of a tunnel connecting Le Van Luong and To Huu streets will kick start soon to ease traffic congestion in one of the busiest intersection in Hanoi.
— The Hanoitimes

Vietnam gov’t urged to scale up support programs for businesses post Covid-19
While a number of supporting packages are in place, only a small proportion of enterprises have actually benefited from the policy.
— The Hanoitimes

Miracle of Vietnamese co-joined twins successfully separated after a 9-hour-surgery
The 13-month-old co-joined twins are successfully separated after a 9-hour-surgery Wednesday. 93 doctors, nurses and medical experts gathered to perform one of the most complicated surgeries in the country.
— Vietnam Times

Malaysia and Vietnam must unite against China, not fight each other
Richard Heydarian is an Asia-based academic, columnist and author of “The Rise of Duterte: A Populist Revolt Against Elite Democracy” and the “The Indo-Pacific: Trump, China and the New Struggle for Global Mastery.”
— Nikkei Asian Review (paywall)

Vietnam reports eight foreign experts tested positive for Covid-19, total 381
Eight Russian experts quarantined in southern Vietnam have been confirmed as the country’s latest Covid-19…
— Vietnam Insider

US, Vietnam ties have never been better
Former battlefield foes celebrated 25-year anniversary of relations with high mutual praise and a joint eye on China
— AsiaTimes

MoIT seeks way to help businesses re-export pepper stuck in Nepal
Nearly 60 containers of Vietnamese pepper worth US$3 million have been stuck at the port in Nepal for more than two months.
— Viet Nam News

Online investment platform RealStake secures seed funding from 500 Startups Vietnam
RealStake announced today that it has successfully closed seed funding from 500 Startups Vietnam and…
— Vietnam Insider

CAAV implements solutions to reduce congestion and flight cancellation
The Civil Aviation Authority of Việt Nam (CAAV) has issued dispatch No 2947/CHK-VTHK requiring regional airport authorities and airlines to perform their tasks in the phase of renovating and upgrading the runway and taxiway systems at Nội Bài and Tân Sơn Nhất international airports.
— Viet Nam News

Vietnam’s potential convenience store chain, Which has the most market share?
According to Deloitte, convenience store is a “home game” for domestic firms at the moment, in which Saigon Co.op and Bach Hoa Xanh have taken the major shares.
— Vietnam Times

Foreign shareholder Mitsui asks Eximbank for extraordinary general meeting
Mitsui Banking Corporation – the foreign strategic partner holding 15 per cent stakes – has just requested Eximbank to convene the second extraordinary general shareholders’ meeting 2019 before the second annual general meeting 2020 scheduled for July 29.
— VIR

Vietnam and New Zealand look to lift ties to strategic partnership
2020 marks the 45th anniversary of the establishment of diplomatic relations between Vietnam and New Zealand.
— The Hanoitimes

Foreign investors request prosecution of Nhà Hàng Món Huế chain founder
A group of foreign investors have petitioned Vietnamese authorities to prosecute and take Huy Nhật – the founder of the Nhà Hàng Món Huế chain – into custody for appropriating US$25 million.
— Viet Nam News

PM appoints three Deputy Ministers of National Defense
Prime Minister Nguyen Xuan Phuc has appointed three new Deputy Ministers of National Defense.
— Chinhphu

Vietnamese fruit exports via Lao Cai border gate on the up
Exports of fruits via the border gates with China in the northern Vietnamese province of Lao Cai was up in the first half of 2020 despite COVID-19, according to the provincial Department of Customs.
— Fresh Plaza

Samsung helps Việt Nam train 200 moulding technicians
The Ministry of Industry and Trade (MoIT) and Samsung Vietnam on Tuesday jointly launched a training programme for Vietnamese moulding technicians.
— Viet Nam News

Việt Nam receives first coal batch imported from the US
TKV has been looking for partners to import coal to increase supply for the domestic market, which has a strong demand for coal for electricity production.
— Viet Nam News

Vietnam Railways Corporation launches app to sell tickets
The Vietnam Railways Corporation (VNR) officially launched an application to buy train tickets and pay…
— Vietnam Insider

More loans to enjoy restructured repayment periods
According to the draft circular which was recently made public for comments, more loans could have repayments postponed until after the end of this year.
— Viet Nam News

VN struggles to have 5,000 science and tech firms this year
Việt Nam now has about 500 science and technology enterprises, reaching 10 per cent of the target
— Viet Nam News

Mexico and Việt Nam: for an open and strong multilateral trade system
Mexico and Việt Nam have come to share a commitment to trade and investment liberalisation as an engine for economic development that contributes to improve the livelihoods of their citizens.
— Viet Nam News

Lào Cai to build border market and trade promotion centre
The northern mountainous province of Lào Cai plans to build the Kim Thành border market and a trade centre to attract investment.
— Viet Nam News

Insurance market expected to grow 20 per cent
Up to 90.5 per cent of surveyed businesses were optimistic about the insurance sector in the second half of the year
— Viet Nam News

Enterprise revenue tax cut a double-edged sword
Professor Đinh Trọng Thịnh, a senior lecturer at the Academy of Finance, talks to Hải quan (Customs) newspaper on revenue tax reductions for enterprises in 2020
— Viet Nam News

Promoting corporate sustainability is key to enterprise resilience after pandemic
The COVID-19 pandemic is not only a big test for enterprise resilience but also an opportunity for businesses to re-evaluate their long-term strategy and urgency of sustainable development.
— Viet Nam News

Hanwha Life Vietnam gives gifts to children affected by pandemic
Hanwha Life Insurance Co., Ltd (Vietnam) in collaboration with the Việt Nam Association for Protection of Child’s Rights, ChildFund Korea and ChildFund Vietnam have launched a programme called “An Yên Cho Em” to give gifts to 1,000 children affected by the Covid-19 pandemic.
— Viet Nam News

Brazilian President infected with COVID-19, touts unproven drug
Brazilian President Jair Bolsonaro on Wednesday again extolled the supposed virtues of malaria drug hydroxychloroquine…
— Vietnam Insider

Shares recover on the rise of large-caps, surge of world stocks
The benchmark VN-Index on the Ho Chí Minh Stock Exchange (HOSE) rose 0.21 per cent to close at 869.91 points.
— Viet Nam News

Vietnam’s stock market is still waiting for a boom session
Vn-Index is expected to continue to increase with the support from the support area of…
— Vietnam Insider

Vietnam jumps two places in UN e-government rankings
Vietnam is now ranked 86 amongst 193 countries in the United Nations’ e-government development index.
— OpenGovAsia

Commercial flights between Vietnam and Asian destinations may resume very soon
The Transport Ministry has proposed that commercial routes between Vietnam and some Asian destinations recommence…
— Vietnam Insider

Which is the best solution to cut logistics cost in Vietnam?
Within Vietnamese commerce, logistics costs have accounted for 29.5 percent of fruit and vegetable value,…
— Vietnam Insider

How Vietnam has becomes a ‘semi-transparent’ real estate market for the first time?
Hanoi and Ho Chi Minh City have contributed to the country’s higher rank in the…
— Vietnam Insider

Lào Cai seizes more than 200 items at smuggled warehouse
In the raid last week, market surveillance forces discovered a lot of goods with unknown origins such as shoes, clothes, backpacks, handbags, wallets, belts, and many counterfeit LV, Chanel, Adidas and Gucci items.
— Viet Nam News

First coronavirus vaccine tested in US poised for final testing
Early-stage testing showed the first COVID-19 vaccine tested in the U.S. revved up people’s immune…
— Vietnam Insider

Emerging Trends in Vietnam’s Gaming Market Investors Should Be Aware Of
It’s no secret that Vietnam has been on the radar of the largest investors in…
— Vietnam Insider

DPM asks for new multi-dimensional poverty lines for 2021-2025
VGP – Poverty is declining but in an unsustainable manner while the gap between the rich and the poor has been widened, requiring authorities to quickly craft new multi-dimensional poverty standards in the 2021-2025 period, said Deputy PM Vu Duc Dam.
— VGP Government in Action

Ahmed Zulficar injects $1 million after heavy withdrawals
Ahmed Zulficar poured more than $1 million into two of its prime money-market portfolios with…
— Vietnam Insider

Returned Vietnamese students allowed to study at domestic universities
VGP – Vietnamese students abroad, who return home to shun the Covid-19 pandemic, are permitted to study at domestic universities.
— VGP Ministerial Activities

Vietnam puts luxury hotels in Saigon to the list of paid quarantine facilities
A number of three to five-star hotels in HCMC have been offered as paid isolation…
— Vietnam Insider

Stock market will sustain strong growth: securities watchdog chief
The stock market celebrates its 20th anniversary this month. It has already made great contributions to Việt Nam’s economic development while its future prospects look very bright due to its fundamentals.
— Viet Nam News

The first metro line in Vietnam’s Ho Chi Minh city is getting ready for launching?
58 candidates have begun a 15-month training course for driving trains on HCMC’s Ben Thanh-Suoi…
— Vietnam Insider

Japanese capital city of Tokyo on highest coronavirus alert, here’s why
Health experts put Tokyo on the highest alert for coronavirus infections on Wednesday, alarmed by…
— Vietnam Insider

Eight Russian experts confirmed having COVID-19 in Viet Nam
VGP – Eight experts from Russia have been confirmed infected with COVID-19 in Viet Nam, bringing the patient tally to 381, according to the National Steering Committee for COVID-19 Prevention and Control.
— VGP Ministerial Activities

A man was sentenced to five years for snatching two iPhones from foreign tourists
A Hanoi court on Monday sentenced a man to five years in jail for snatching…
— Vietnam Insider

Feature photo WorldSkills Asean Bangkok 2018
This week’s Vietnam morning news feature photo focuses on World Youth Skills Day, July 15, with an emphasis on World Skills Asean Singapore 2020.

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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