Vietnam morning news for April 14

Vietnam morning news for April 14

Vietnam morning newsVietnam’s total coronavirus cases climb to 265 but no deaths
Vietnam’s health ministry reported five more confirmed Covid-19 (coronavirus) cases on Monday (April 13), taking the country’s tally to 265, with no deaths.
— The Star Online

COVID-19: Rice ATMs in Vietnam Give Free Rice to People Affected by Coronavirus Crisis
Rice is one of the most important food crops in Asian countries. So when this COVID-19 pandemic arrived in some countries, one of the priorities of most Asians is to stock sacks of rice.
— Tech Times

Leveraging the Vietnam-EU Free Trade Agreement for development
The EU-Vietnam Free Trade Agreement (EVFTA) was approved by the European Parliament in February 2020 and is expected to be approved by the National Assembly of Vietnam at its meeting in mid-2020. Although the COVID-19 outbreak may delay the meeting, the approval of the Agreement is a top priority.
— East Asia Forum

Vietnam cuts electricity price to ease Covid-19 burden
The government has given the thumbs up to a proposed electricity price discount of 10 percent for the months of April, May and June.
— VnExpress

How Vietnam’s new decree is changing ride-hailing in the country
Ride-hailing firms in Vietnam are shedding their technology platform identity to adopt the mainstream transportation business tag to comply with new regulations.
— DealStreetAsia

PM Phúc urges public to continue strict social distancing measures
Prime Minister Nguyễn Xuân Phúc urged the public to continue to strictly follow social distancing guidelines which are scheduled to take effect until April 15.
— Viet Nam News

Vietnam’s 10-year low GDP growth in Q1 is not the worst yet: Think tank
Vietnam’s informal sector, accounting for an estimated 25 – 30% of GDP, is among the groups hardest hit by the pandemic, but not included in GDP calculation.
— The Hanoitimes

Hanoi’s retail property market suffers from Covid-19
The city’s real estate market took a hit in the first quarter and it will take time to recover.
— The Hanoitimes

Bamboo Airways will resume domestic flights from April 16
Bamboo Airways will resume domestic flights from April 16 when the Prime Minister’s social distance order is scheduled to be lifted.
— Vietnam Insider

Fitch revises outlooks on Vietnam major state-run energy, electricity firms to Stable
The ratings are at the same level as the Vietnam sovereign rating.
— The Hanoitimes

Vietnam to cut power bills for businesses and households in April
The Ministry of Industry and Trade (MoIT) on April 12 said that the Government agreed with the ministry’s proposal on cutting power bills for businesses and households in April, May and June to help them cope with the COVID-19 pandemic.
— Vietnam Insider

Insider’s view: Tough choices the Prime Minister is faced with
Social distancing has become the norm and every country has to face the tough call on how best to steer its citizens to try and overcome this global natural disaster.
— Vietnam Insider

Hanoi offers 10,000 jobs to help jobless youths due to COVID-19
Hanoi is offering 10,000 jobs in a campaign launched on April 13 to students and young people who have become unemployed because of the COVID-19 pandemic.
— Vietnam Insider

COVID-19: VIRUS HAS TAKEN MORE IN NJ THAN KOREAN, VIETNAM WARS COMBINED
Montclair reported seven new cases of COVID-19 and one more death on Monday, April 13.
— montclairlocal

‘Rice ATM’ feeds Vietnam’s poor amid COVID-19 lockdown
A Vietnamese entrepreneur in Ho Chi Minh City has invented a 24/7 automatic dispensing machine providing free rice for people out of work following an ongoing nationwide lockdown to curb the spread of the novel coronavirus.
— Channel NewsAsia

Jetstar’s Vietnam offshoot in spotlight amid sale talk
Qantas’ budget arm Jetstar says it is in discussions with its joint-venture partner Vietnamese Airlines about the future of local offshoot Jetstar Pacific, following reports it was moving to exit its minority stake.
— SMH

Vietnam: Low priced imports continue to weigh on HRC offers
Vietnam based domestic steelmaker Formosa Ha Tinh is planning to reduce its HRC offers for June shipments.
— MySteel

Vietnam orders workers at Samsung Display unit to be quarantined after COVID-19 case
Authorities in northern Vietnam have ordered people working at a unit of Samsung Display in the country to be quarantined after a worker there tested positive for the new coronavirus.
— National Post

Fitch Revises Outlooks on Vietnam’s EVN, EVNNPT, PVN to Stable; Affirms ‘BB’ Ratings
Fitch Ratings has revised the Outlooks on Vietnam Electricity (EVN), National Power Transmission Corporation (EVNNPT) and Vietnam Oil and Gas Group (PVN) to Stable from Positive.
— Fitch Ratings

Vietnam’s Low-Cost COVID-19 Strategy
As COVID-19 expands across the southern hemisphere, governments there have a lot to learn from Vietnam’s approach. Clear communication and government-citizen cooperation that leveraged technology are the main reasons why the country has had relatively few cases.
— The Asean Post

Vietnam has high petroleum stockpile
Vietnam’s oil and gas inventories are over 90 percent higher than the required level, meeting the domestic petroleum consumption demand in the next few months, according to the Vietnam Energy Association (VEA).
— VietnamPlus

Five vessels from Philippines, Vietnam caught fishing illegally in Indonesian waters
The Maritime Affairs and Fisheries Ministry has seized five foreign-flagged vessels caught fishing illegally in Indonesian waters as sea patrols remain vigilant during the COVID-19 pandemic.
— The Jakarta Post

INSIGHT: Managing Permanent Establishment Risk in Vietnam
There are potential licensing and tax risk issues in the event that a representative office is treated as a permanent establishment by its activities in Vietnam, as discussed by Nghiem Xuan Hong An and Nguyen Hung Du, of Grant Thornton.
— Bloomberg Tax

Businesses cannot access billion-dollar credit package from fearful banks
Businesses are struggling to borrow from the VND300 trillion ($12.9 billion) low-interest credit package since banks are wary of borrowing companies going under.
— VnExpress

SEA Digest: SG’s LYS Energy raises $9.8m from UOB; Vietnam’s Homebase raises pre-seed funding
Singapore-based solar independent power producer LYS Energy Group has secured a S$14 million ($9.8 million) green loan from United Overseas Bank.
— DealStreetAsia

Fruit, vegetable exports reach US$836 million in Q1
Vietnam exported US$836 million worth of fruits and vegetables in the first quarter of 2020, a year-on-year decline of 10.9%, according to the Ministry of Agriculture and Rural Development.
— NDO

93% enterprises to benefit from cut in corporate income tax
About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 per cent since July 1 this year, down from the current rate of 20 per cent.
— Viet Nam News

Ministry launches investigation into anti-dumping duties on polyester yarn
The Ministry of Industry and Trade (MoIT) has launched an investigation that may result in anti-dumping duties on polyester filament yarn (PFY) originating from China, India, Indonesia and Malaysia.
— Viet Nam News

S. Korea, Vietnam eye closer economic ties despite pandemic
South Korea and Vietnam held a videoconference on Monday to share ideas on ways to expand their economic ties despite the strain caused by the pandemic on global business activities.
— YNA

Two more COVID-19 cases reported in Vietnam, total now 260
The Ministry of Health on April 12 afternoon announced two more cases of COVID-19, bringing the total in the country to 260.
— VietnamPlus

Vietnamese businesses seize on new opportunities amid COVID-19
Despite being hit hard by the COVID-19 epidemic, many Vietnamese businesses have been quick to catch up with the trends and switch to new products to gain decent growth amid the major shift in global consumption.
— NDO

HCMC labor demand to fall one-third in Q2
HCMC businesses are expected to recruit 47,000 workers in the second quarter, a 37.3 percent fall year-on-year as a result of the Covid-19 pandemic.
— VnExpress

Vietnam’s response to coronavirus crisis earns praise from WHO
Despite sharing a border with China, Vietnam has, with a combination of early decisive action, extensive testing, vigorous quarantining and social unity, so far avoided the devastation seen in Europe and the United States.
— 7News

HCM City tax revenues fall well short of target
HCM City’s daily tax revenues have fallen by 31 per cent in the first quarter of this year because of the Covid-19 pandemic, the chairman of its People’s Committee, Nguyen Thành Phong, has said.
— Viet Nam News

News Roundup: MightyJaxx raises US$3.2M funding; Vietnam’s Homebase closes pre-seed round
Vietnam’s proptech co-investing platform Homebase raises funds from Antler Vietnam-based proptech startup Homebase has closed an undisclosed pre-seed funding round from global VC firm and startup generator Antler, besides Iterative and several strategic angel investors.
— e27

Vietjet’s POWER PASS accounts launched with free air tickets available
Two types of POWER PASS accounts are available for passengers to purchase at http://powerpass.vietjetair.com or www.vietjetair.com.
— Viet Nam News

Coronavirus: Vietnam to send medical equipment, protective gear to India
Vietnam, which sent 450,000 units of protective gear to the United States recently, has now offered to provide more medical supplies to India.
— Deccan herald

Bamboo Airways to resume domestic flights from April 16
Bamboo Airways will resume domestic flights from April 16 when the Prime Minister’s social distance order is scheduled to be lifted.
— Viet Nam News\

Vietnam, Laos Arrest Facebookers on COVID-19-Related Charges
Authorities in Vietnam and Laos have arrested several Facebook users on charges related to the coronavirus, with Hanoi punishing posts that challenge official reporting on the pandemic and Vientiane acting against a lockdown violation streamed live.
— Radio Free Asia

Hanoi mayor asks for quick announcement of Covid-19 patients
Delay in the release of new cases is believed to harm the prevention and control of the pandemic.
— The Hanoitimes

Industrial parks forecast lower profits due to pandemic
Industrial park owners are forecasting a drop in 2020 profits, blaming the ongoing damage inflicted by the novel coronavirus outbreak.
— Viet Nam News

Shares may move sideways on increased selloff and profit taking
Stock markets look set to move sideways this week with continuous foreign selloffs pressuring investor sentiment and recent broad rally may spur some profit taking.
— Viet Nam News

Cut back on meetings and trips, government offices told
Vietnam can save at least VND700 billion ($29.6 million) if official agencies reduce official trips and conferences to ease pandemic-hit budget strains.
— VnExpress

 

 

Feature photo Hội Chữ thập đỏ Việt Nam – Viet Nam Red Cross Society

This week’s Vietnam morning news feature photo focus on COVID-19 in 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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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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