Vietnam Morning News For February 11, 2020

Vietnam’s northern port city will develop more economic zones in 2020
The Vietnam’s northern port city of Hai Phong planned to establish a number of new industrial zones this year, head of the provincial management board of economic zones Phạm Văn Mợi said.
— Vietnam Insider

Vietnam improves position in global military ranking
Vietnam jumped one spot to 22nd in the 2020 Military Strength Ranking by U.S. website Global Firepower.
— VnExpress

Closure of border markets exerts no impact on official China-Vietnam trade
Customs clearance of Vietnam’s exports of agricultural products to China, including dragon fruit, via official channels is carried out as usual.
— The Hanoitimes

Vietnam Manufacturers Facing Shortage Of Chinese-Made Components: Contingency Plans
China’s Coronavirus outbreak has impacted on businesses throughout ASEAN being able to obtain supply deliveries. There are a number of issues Vietnamese businesses face with supplies from China at this present time:
— Vietnam-Briefing

Meeting of International Media Groups with Ministry of Foreign Affairs of Vietnam
The topics that were discussed during the meeting ranged from trade, commerce, the security of Vietnam and other countries. The much-debated health crisis, the outbreak of the Corona Virus at Wuhan in China was also discussed.
— The Policy Times

Vietnam records fiscal surplus of US$2.04 billion in January
In January, tax revenue stood at VND166.7 trillion (US$7.17 billion), equivalent to 11% of the year’s plan and up 4.8% year-on-year.
— The Hanoitimes

EU firms weigh PH over Vietnam advantages
The European Union (EU), under the presidency of Germany, will be prioritizing economic relations with individual ASEAN countries but the German ambassador to the Philippines noted that the Philippines faces very strong competition from Vietnam, which offers very friendly terms to foreign investors.
— Business

Việt Nam’s garment-textile expects boom in 2020
Việt Nam’s garment-textile sector is expected to make breakthroughs in 2020 thanks to the Fourth Industrial Revolution.
— Viet Nam News

Vietnam Battles Its Coronavirus Challenge
While the government has taken significant measures to limit the impacts of the coronavirus on the country, it is also operating within limits and realities.
— The Diplomat

Steering committee to guide maritime economy
The Prime Minister has recently issued a decision to establish a national steering committee to implement Việt Nam’s marine economic development strategy by 2030, with a vision to 2045.
— Viet Nam News

Seaport enterprises to taste the heat of novel coronavirus in Q1
The novel coronavirus has caused problems to most of the roadway logistics firms, however at sea it is having a mixed affect.
— Viet Nam News

Vietnam’s traffic accidents down in January
As many as 1,300 traffic accidents occurred in Vietnam in January, killing 591 people, severely injuring 359 and lightly hurting 609 others, according to the country’s General Statistics Office on Monday.
— Xinhua

Problem for Vietnam’s textile firms due to coronavirus
Textile and footwear makers in Vietnam are struggling to import material from China where factories have closed due to the coronavirus outbreak. Firms have been advised by the Vietnam Textile and Apparel Association (VITAS) to tap other markets to meet targets. China in 2019 accounted for 60 per cent of Vietnam’s garment imports and 55 per cent of fibre imports.
— Fibre2fashion

Textiles firms launch emergency production of antibacterial masks
Textiles businesses, including several with no prior experience, have begun producing antibacterial masks after authorities announced a daily need of 10 million.
— VnExpress

Reopening of minor Vietnam-China border checkpoints delayed
Vietnamese authorities have decided to delay the reopening of several border gates with China from Monday to the end of this month.
— VnExpress

Vietnam’s PV Oil sells April-loading Dai Hung crude to PTT- sources
Vietnam’s PV Oil sold one cargo of Dai Hung crude loading April 1-7 at a premium of around $6.20-6.40 a barrel to dated Brent via a spot tender, two traders said on Monday
— Reuters

International cashew conference postponed to late-June
The Vietnam Cashew Association (Vinacas) has decided to delay the 12th International Cashew Conference to late-June this year, instead of in early-March this year as previously planned.
— Sggp News

Vietnam promoting farm produce for local market as exports to China fall
Local authorities and businesses are making efforts to promote domestic consumption of agricultural products, which are piling up due to the impact of novel coronavirus outbreaks in China.
— The Star Online

Vietnam makes efforts to promote domestic consumption of agricultural products
Local authorities and businesses are making efforts to promote domestic consumption of agricultural products, which are piling up due to the impact of novel coronavirus outbreaks in China.
— Vietnam Insider

Most of Japanese firms keen on Vietnam’s market
About 64 percent of Japanese enterprises plan to continue expansion of their business in Vietnam due to its favorable investment environment.
— Vietnam Insider

MoF exempts import tax on five commodity groups to fight coronavirus
Minister of Finance Đinh Tiến Dũng has announced a tax exemption on the import of five commodity groups needed to fight the novel coronavirus in Việt Nam.
— Viet Nam News

China delays reopening of border markets: MoIT
Authorities in China’s Guangxi Province have decided to extend the closure of border markets and continue to suspend the trading of goods by individuals until the end of February, according to the Consulate General of Việt Nam in Guangxi Province, China.
— Viet Nam News

Central city launches business registration service at home
The city’s investment and planning department has officially launched a business registration service at home, saving time and travel costs for households and enterprises, offering completion in three working days.
— Viet Nam News

SK Lubricant buys 49% stake in Vietnam’s lubricants company Mekong
SK Lubricants, South Korea’s leading lubricants producer, has acquired a 49 percent stake in Vietnam’s top lubricants company Mekong for 50 billion won ($42.1 million) as part of efforts to expand its business in the Southeast Asian country and further to the ASEAN market.
— Pulse News

Vietnam Formula 1 racetrack named after Hanoi
The Formula One (F1) racetrack in Vietnam has been named after the capital Hanoi while its nine grandstands take their names from popular destinations from north to south.
— VietnamPlus

Vietjet opens three more direct routes to India
To meet rising demand for travel between Vietnam and India as well as across the region, Vietjet has opened three new direct routes connecting its three largest hubs, Da Nang, Hanoi and Ho Chi Minh City, with two of India’s largest economic, political and cultural centres of New Delhi and Mumbai.
— Travel daily media

30 citizens arrive at Van Don airport from China
Vietnam has flown home 30 citizens from Wuhan in China’s Hubei province, the epicenter of the acute respiratory disease caused by the novel coronavirus (2019-nCoV).
— VietnamPlus

Vietnam’s infrastructure growth rests on private sector
Vietnam’s infrastructure sector will need more private investments in order to catch up with its rapidly growing economy, rising income and urbanisation, according to a report by Moody’s.
— SBR

Vietnamese culture promoted in Saudi Arabia
A programme highlighting Vietnam’s unique culture is taking place in Saudi Arabia from February 3 to 15.
— VietnamPlus

2019-nCoV outbreak: hard landing for aviation industry
Flights with no passengers, infection dangers and plummeting earnings for pilots, people fearful of traveling – Vietnam’s aviation industry is hurting badly.
— VnExpress

Clean and quiet inside a quarantine zone in Saigon
A quarantine zone in Saigon’s District 3 stands ready to take in people suspected of being infected with the novel coronavirus.
— VnExpress

VPBank named in global 300 most valuable banking brands
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) jumped 81 spots to rank 280th in the Brand Finance Banking 500 announced early this month which featured the most valuable and strongest banking brands in the world.
— VietnamPlus

Banks, fintech firms promote cashless payments during epidemic
To prevent the spread of coronavirus in Viêt Nam, customers are encouraged to adopt cashless payment methods.
— Viet Nam News

Domestic consumption of farm produce needs to be promoted to offset exports reduction
Local authorities and businesses are making efforts to promote domestic consumption of agricultural products, which are piling up due to the impact of novel coronavirus outbreaks in China.
— Viet Nam News

Work on US$55.4 million timber processing factory begins in Hà Tĩnh
The factory is expected to help expand production as well as satisfy domestic demand and export attracting supporting project in the Vũng Áng EZ and creating more jobs for local residents and paying more into the province’s state budget.
— Viet Nam News

Capital city lures more than $140m in foreign investment
Last year, Hà Nội led the nation in terms of foreign direct investment (FDI) attraction, luring $8.45 billion.
— Viet Nam News

Banks provide assistance to businesses affected by epidemic outbreak
In response to the State Bank of Việt Nam’s appeal, a number of credit institutions have announced plans to support businesses affected by the novel coronavirus epidemic.
— Viet Nam News

VN stocks struggle to find growth momentum amid disease, expected lower earnings
Vietnamese shares are likely to struggle this week amid expectations of lower-than-expected first-quarter earnings reports and consistent coronavirus concerns.
— Viet Nam News

Improving access to resources critical for SME development
Access to resources was vital for the development of of small- and medium-sized enterprises (SMEs), according to the Ministry of Planning and Investment.
— Viet Nam News

Mekong Delta takes measures to reduce saltwater intrusion
The level of saltwater intrusion in the Cửu Long (Mekong) Delta has reached the same high level recorded in the 2015 – 16 dry season, but the damages to farming areas are expected to be less serious as authorities and farmers have taken measures to cope with the situation in the 2019 – 20 dry season.
— Viet Nam Net

Huế fisherman cleans up the ocean
Trần Văn Cường has been nicknamed rubbish Cường or crazy guy thanks to his efforts.
— Viet Nam Net

Feature photo My VietNam Radio

This week’s Vietnam morning news feature photo focus on World Radio Day, February 13.

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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