Vietnam morning news for April 15

Vietnam morning news for April 15

Vietnam morning newsVietnam ships medical supplies to US as Trump cracks under pressure
VIETNAM has sent 450,000 protective suits to the US as part of the country’s support in the “global effort” to contain the coronavirus package, the government said.
— Morning star online

Vietnam May Extend Social Distancing Ban in Some Cities
Vietnam may extend its social distancing order in provinces and cities that have a high risk of the spread of the novel coronavirus spread, the government said in a posting on its website.
— Bloomberg

Vietnam targets 7% annual GDP growth over next five years
Vietnam’s government said it will target annual gross domestic product growth of 7% during the 2021-2025 period, even as the COVID-19 pandemic threatens to derail global trade and production.
— Yahoo News

Vietnam corn imports down 39% on year in March to 263,522 mt
Vietnam’s corn imports in March were 39% lower year on year at 263,522 mt, customs department data showed Wednesday.
— SP Global

Vinachem asks to apply 0% tax rate to fertiliser products
The Việt Nam National Chemical Group (Vinachem) has sent a document to Việt Nam Fertiliser Association, asking the National Assembly to add fertiliser to the list of products subjected to value added tax (VAT).
— Viet Nam News

Vietnam’s Virus Checkpoints Screen for Fevers, Limit Urban Movement
The committee joined larger cities Hanoi, Ho Chi Minh City, and Danang in setting up checkpoints to more closely monitor the flow of people and goods through its borders.
— VOA

Vietnam for coronavirus emergency fund as ASEAN leaders meet online
Vietnam will urge Southeast Asian leaders to set up an emergency fund to tackle the coronavirus at a summit held online on Tuesday, as the pandemic ravages the region’s tourism and export-reliant economies.
— prothomalo

EVN power supply rises in first quarter
Electricity of Việt Nam’s production and import of power increased by 6.3 per cent year-on-year in the first quarter, ensuring safe and uninterrupted supply is available amid the COVID-19 pandemic.
— Viet Nam News

Vietnam restricts exports to China over stringent border controls
The Ministry of Industry and Trade said Thursday that China has recently imposed more protective measures to limit the immigration of people and transport from Vietnam as it seeks to prevent the entry of the novel coronavirus from outside the country. Therefore, Vietnam will only allow exports via official channels.
— Fresh Plaza

PV Power fulfills 23 per cent of yearly revenue target in Q1
The company recorded more than 5,267 million kWh of electricity output in the quarter.
— Viet Nam News

Investment in HCM City export processing, industrial zones up 86%
Export processing and industrial zones in HCM City saw US$117 million of investment poured into the zones in the first quarter, a 86 per cent increase compared to the same period last year, according to the HCM City Export Processing and Industrial Zones Authority.
— Viet Nam News

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

Vietjet ensures flights during national social distancing
Vietjet has operated regular daily flights and cargo flights to ensure sufficient goods for people and meet their flying demand during the national social distancing period, the airline announced on Tuesday.
— Viet Nam News

MoIT requests Hải Phòng to create favourable conditions to transport goods
The Ministry of Industry and Trade (MoIT) on Monday requested Hải Phòng City People’s Committee to ensure smooth goods transport of trading enterprises and logistics services coming to and from the city while implementing the COVID-19 pandemic prevention activities.
— Viet Nam News

Vietnam chairs online ASEAN Special Summit on Covid-19 challenges
The online ASEAN Special Summit and ASEAN+3 Special Summit on Covid-19 response takes place in Hà Nội on Tuesday, chaired by Prime Minister Nguyễn Xuân Phúc, chairman of ASEAN and of ASEAN+3.
— The Star Online

Ministry approves 10 per cent to power bills cut
The Ministry of Industry and Trade (MoIT) has decided to cut power bills for businesses and households by 10 per cent over the next three months to ease their difficulties amid the COVID-19 pandemic.
— 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

Vietnam Air to unload stake in Cambodia carrier to secure cash
Vietnam Airlines looks to sell its 49% interest in state-run Cambodia Angkor Air as service cuts spurred by the coronavirus outbreak leave the Vietnamese carrier strapped for cash.
— Nikkei Asia Review

Is Vietnam Taking a Leaf Out of China’s ‘Face Mask Diplomacy’ Playbook?
In March 2020, after President Xi Jinping toured Wuhan City to inspect progress in containing the coronavirus, Beijing unleashed a global propaganda campaign to tout China’s success, in response to foreign criticism that China had been slow in responding to and was not transparent enough in reporting the lethality of COVID-19.
— Radio Free Asia

Vietnam chess players switch to online competitions as pandemic hits events
With chess tournaments being canceled due to the Covid-19 outbreak, Vietnamese players are forced to play in online events with little prize money.
— VnExpress

Fitch affirms ‘BB’ ratings on EVN, EVNNPT, PVN; revises outlooks to stable
Fitch Ratings has affirmed issuer default ratings and senior unsecured ratings of Vietnam Electricity (EVN), National Power Transmission Corporation (EVNNPT) and Vietnam Oil and Gas Group (PVN) at ‘BB’.
— Viet Nam News

Chinese survey ship returns to waters off Vietnam amid virus ‘distraction’ charges
A Chinese ship embroiled in a standoff with Vietnamese vessels last year has returned to waters near Vietnam as the United States accused China of pushing its presence in the South China Sea while other claimants are pre-occupied with the coronavirus.
— Japan Times

Vietnam stocks become world’s best after extreme turmoil in March
VIETNAM’S stock market, which in March tumbled the most since 2001, is now reviving.
— The Star Online

VAMA sales of cars drop 33 per cent in Q1
The firms sold just more than 50,000 cars in the period, marking a year-on-year decrease of 33 per cent.
— Viet Nam News

Hà Nội office market has good performance in Q1: CBRE
The Hà Nội office market fared relatively well in the first quarter this year despite having the novel coronavirus COVID-19 outbreak, according to the CBRE Việt Nam.
— Viet Nam News

Vietnam says domestic flights will remain suspended
Vietnam’s civil aviation authority (CAAV) said on Tuesday that domestic flights would remain suspended, after airlines announced they were set to resume after the expiry of a government order for 15 days of social distancing.
–National Post

ETFs sell net $283 million in ASEAN in Q1: VNDS
Net outflow of exchange-traded funds (ETFs) from ASEAN markets in the first quarter of 2020 reached US$283 million, VNDirect Securities Corporation (VNDS) has estimated.
— Viet Nam News

VEPR examines scenarios for economic growth during COVID-19 outbreak
The Government should tax all rice exports instead of issuing quotas to stabilise domestic rice prices during the COVID-19 pandemic.
— Viet Nam News

Kiên Giang households allotted forests for conservation, exploitation protect them well
Households allocated forest lands to exploit but also protect in Kiên Giang Province have improved their income from harvesting trees and aquatic creatures and growing crops.
— Viet Nam Net

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).
— Sggp News

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

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

Petrol prices plunge for seventh consecutive time
The retail prices of petrol fell by more than VNĐ600 per litre on Monday following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
— Viet Nam News

Heavy rains bring cheer to Mekong Delta farmers
There were heavy rains yesterday in many provinces and cities in the Mekong (Cửu Long) Delta, bringing much-needed water to hundreds of hectares of fruits, vegetables and paddy parched by drought and a water shortage.
— Viet Nam Net

South Korea, Việt Nam eye closer co-operation in supply chain
Việt Nam and South Korea will also discuss food security, rice supply, fruit, vegetables and seafood trade amid the COVID-19 pandemic.
— Viet Nam News

SMEs struggle to access credit support package
Small and medium sized enterprises (SMEs) are finding it difficult to access the government’s credit package worth VNĐ250 trillion (US$10.7 billion) to support those affected by the COVID-19 outbreak because of a lack of trust in their ability to repay.
— Viet Nam News

VN stocks gain slower on profit-taking
Growth softened on the Vietnamese market on Monday as investors sought for profits in some large-cap stocks while retailers, financials and energy firms benefited from a strong purchasing power.
— Viet Nam News

With no deaths reported, Vietnam’s response to coronavirus pandemic earns praise
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 U.S.
— Daily Sabah

City shut downs factories, businesses at a high risk of spreading COVID-19
The People’s Committee of all 24 districts in HCM City was expected to submit a report on the assessment of Covid-19 infection risks at businesses and factories to the city’s Standing Committee office this afternoon.
— 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

Japanese enterprises in Việt Nam face revenue loss amid Covid-19 pandemic
Production and revenue is expected to fall at 70 per cent of Japanese enterprises in Việt Nam in the second quarter, according to a survey of the Japan External Trade Organisation (JETRO).
— Viet Nam News

Publishing house to divest capital from Tân Mai Group
Tân Mai Group, formerly known as Việt Nam Paper Technology Company, was established in 1958 as a State-owned company.
— Viet Nam News

Bà Rịa – Vũng Tàu to grant ownership certificates for condotels
The municipal Department of Natural Resources and Environment would be in charge of providing detailed instructions for granting land and house ownership certificates for condotels.
— Viet Nam News

Dating apps sees potential in Việt Nam as users surge amid COVID-19
Dating apps are nothing new to many Vietnamese people, but the COVID-19 pandemic seems to have increased their popularity.
— Viet Nam News

Paper, packaging firms hit by COVID-19 fallout
Domestic paper and packaging firms face a shortage of raw materials and a slump in both domestic and export demand.
— Viet Nam News

SCIC asked to focus on key sectors
Deputy Prime Minister Trương Hòa Bình has asked the State Capital Investment Corporation (SCIC) to focus its investments on key sectors of the economy to boost efficiency and contribute to socio-economic development.
— 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

 

 

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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