Vietnam morning news for February 18

Vietnam morning news for February 18

Vietnam morning news

Vietnam firms look for alternative sources of raw materials as epidemic closes China market
Vietnamese companies, many of whom are facing a shortage of feedstock and raw materials as a result of the new coronavirus (COVID-19) outbreak in China, have started looking at alternative sources.
— The Star Online

Vietnam will commercialise 5G in 2020
Two Vietnamese organisations have stated they will commercialise 5G telecom devices by 2020.
— OpenGovAsia

HCM City scales up smart city development project to all districts
The Ho Chi Minh City People’s Committee has urged all districts to conduct programmes on smart city development, with specific targets, roadmaps and implementation measures suited to the characteristics of individual locality.
— VietnamPlus

Cyber attacks still harm internet users in Vietnam
Despite the optimistic report by the Ministry of Information and Communications (MIC) about cyber security status in Vietnam this January, the reality has shown that various kinds of attacks still exist on the Internet and are able to harm Internet users if they are careless.
— Vietnam Insider

Vietnam becomes largest grape importer for South Korea
According to the Ministry of Agriculture, Food and Rural Affairs of the Republic of Korea, Vietnam surpassed China and Hong Kong to become the largest importer of Korean grapes after the country increased its imports by 34.8 percent in 2019.
— Fresh Plaza

Vietnam Central Bank Drops Plan to Cap Foreign Ownership in E-Payment Companies
The State Bank of Vietnam (SBV) has scrapped its initial plan to limit foreign ownership of locally registered e-payment companies to 49% after consulting with experts and industry participants, according to a VN Express report.
— Fintech News

A Guide to Export Processing Enterprises in Vietnam
Export Processing Enterprises (EPEs) are a popular investment vehicle for foreign investors in Vietnam. This is particularly true as Vietnam has emerged as a China plus one destination for foreign companies outsourcing operations to reduce costs and improve market share.
— Vietnam-Briefing

Việt Nam needs to find new rice markets to replace China: experts
Since the new coronavirus epidemic will surely affect exports to China, diversifying markets is an urgent requirement for Vietnamese rice exporters, experts have said.
— Viet Nam News

Industrial sector’s growth likely to hit almost 3% in Q1
Việt Nam’s industrial sector in the first quarter is projected to grow 2.68 per cent compared to the same period last year if the novel coronavirus outbreak is brought under control, according to the General Statistics Office (GSO).
— Viet Nam News

Vietnam & India to boost exports to each other’s markets
Vietnam and India have large potential to increase two-way trade via boosting the export of their strong commodities to each other’s markets. Deputy Minister of Industry and Trade Cao Quoc Hung recently held a working session with his Indian counterpart Anup Wadhawan in New Delhi on how to bolster bilateral trade.
— Fresh Plaza

Vietnam’s agri products need marketing options
Many enterprises have made efforts to purchase fruits to help farmers to go through the current difficult period. Many solutions have been put forward by enterprises to improve the situation of spontaneous agricultural product rescue.
— Fresh Plaza

US businesses ‘very concerned’ about the economic impact in Vietnam
Of member companies that are able to estimate the impact, 70% say the coronavirus is expected to reduce their revenue by 10% or less this year.
— The Hanoitimes

Vietnam faces potential state budget loss of US$1.82 billion on Covid-19
In case the epidemic persists for around four to five months, or even longer, manufacturing sectors with high dependence on input materials from China would be in trouble.
— The Hanoitimes

Samsung flies phone parts to Vietnam after coronavirus hits supply chain
Samsung has begun flying electronic components for its latest Galaxy phones from China to its factories in Vietnam as it grapples with sweeping supply chain disruptions caused by coronavirus.
— Financial Times

Deal with Vietnam sought to tackle encroachment
Malaysia intends to sign an agreement with Vietnam to tackle the issue of deep-sea fishermen from the republic encroaching on local territorial waters, said Foreign Minister Datuk Saifuddin Abdullah.
— New Straits Times

Vietnam province reprimanded for turning away cruise ship over coronavirus fears
Deputy Prime Minister Vu Duc Dam has admonished Quang Ninh Province authorities for turning away passengers who came on a cruise ship to Ha Long.
— VnExpress

Lay-offs in Vietnam likely amid outbreak
Vietnamese businesses have voiced their concerns over the struggle to cope with the coronavirus due to a lack of raw materials.
— The Phnom Penh Post

Vietnam condotel owners to get title deeds
Condotel owners are finally set to get titles to their properties with the government issuing guidelines to local authorities for the purpose.
— VnExpress

Ex-PetroVietnam Chairman to be prosecuted for violations in Phu Tho ethanol case
The Ministry of Public Security’s Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of the Board of Directors of the Vietnam Oil and Gas Group (PetroVietnam) and nine accomplices on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC (PVB) – a subsidiary of this group.
— Sggp News

Vietnam to start collecting traffic fines online
Residents of five localities will be able to pay traffic fines online via the national public services portal starting March 12.
— VnExpress

Deal with Vietnam sought to tackle encroachment
Malaysia intends to sign an agreement with Vietnam to tackle the issue of deep-sea fishermen from the republic encroaching on local territorial waters, said Foreign Minister Datuk Saifuddin Abdullah.
— New Straits times

New World Bank strategy to scale up solar energy production in Vietnam
The World Bank has released a new report with recommendations on how Vietnam can accelerate solar energy production and usage.
— Smart-energy

Bird flu outbreaks reported in southern Vietnam
The A/H5N1 bird flu outbreak has been detected in Vietnam’s southern Tra Vinh province, Vietnam News Agency reported on Monday.
— Xinhua

Vietnam strives to turn tourism into a key economic sector by 2030
Prime Minister Nguyen Xuan Phuc has recently approved a tourism development strategy by 2030.
— NDO

Vietnam produced over 2.5 mn tonnes yarn in 2019: VITAS
Vietnam produced over 2.5 million tonnes of yarn in 2019, of which over 1.5 million tonnes valued at $4 billion were exported, according to Vietnam Textile and Apparel Association (VITAS) vice president Truong Van Cam, who said fabric output also rose six times and export value was worth $2.1 billion.
— Fibre2fashion

FDI firms face challenges on Vietnam’s stock market
Part o blame is the business performance of the FDI firms which lack stability and significant growth in annual profits, which discourages investors.
— The Hanoitimes

WHO has hailed Vietnam in dealing with Covid-19
The World Health Organization (WHO) has hailed Vietnam in dealing with Covid-19. The Vietnamese government has done a good job of operating response system and increasing supervision on infected patients and at-risk people.
— Vietnam Insider

Vinamilk CEO takes chairmanship at GTNFoods
Dairy firm Vinamilk’s CEO Mai Kiều Liên on Saturday was voted by GTNFoods JSC’s shareholders to become the chairwoman of the latter.
— Viet Nam News

Citibank and INGbank to provide credit to Nhơn Trạch power projects
Citibank and INGbank will be in charge of arranging capital for the Nhơn Trạch 3 and 4 thermal power plants, according to a recent agreement signed between PetroVietnam Power Corporation (PV Power) and the two foreign banks.
— Viet Nam News

Firms look for alternative sources of raw materials as epidemic closes China market
Vietnamese companies, many of whom are facing a shortage of feedstock and raw materials as a result of the new coronavirus outbreak in China, have started looking at alternative sources.
— Viet Nam News

Vietnam, European Union step up cooperation
The first meeting of the political affairs sub-committee of the Joint Committee under the EU-Vietnam Comprehensive Partnership and Cooperation Framework Agreement (PCA) was held in Hanoi on February 17.
— VietnamPlus

Trading remains quiet amid risk concerns
Brokerage firms and market experts remain pessimistic about market trading this week as investors are running out of supportive information while international stocks continue being weighed down by the novel coronavirus (COVID-19)-related concerns.
— Viet Nam News

Cần Thơ City to solve difficulties for enterprises
The Mekong Delta City of Cần Thơ will set up specialised working groups to work closely with local enterprises in removing difficulties in a timely manner in order to help the firms ensure production.
— Viet Nam News

Vietnam works to ensure safety for ADMM Retreat
A delegation of the Vietnamese Ministry of National Defence on February 17 inspected preparations regarding security, safety, medical preparedness and others for the ASEAN Defence Ministers’ Meeting (ADMM) Retreat slated for February 18-20 in Hanoi.
— VietnamPlus

Ca Mau looks for measures to achieve export turnover target
The provincial People’s Committee will take drastic measures to improve the investment and business environment, and push ahead with a project on enhancing the efficiency and sustainable development of the shrimp industry to 2025.
— Viet Nam News

Deeper look into ecological costs of coal-fired power in Mekong Delta needed: expert
Ecological expert Nguyen Hữu Thiện speaks to Nông Nghiệp Việt Nam (Việt Nam’s Agriculture) newspaper on the need for clearer environmental regulations for thermopower plants in the Mekong Delta to reduce risks to the region’s aquatic resources.
— Viet Nam Net

New document released to regulate use of non-residential real estate
The Ministry of Natural Resources and Environment (MoNRE) has sent a document to local departments to regulate the use and certification of non-residential real estate projects.
— Viet Nam News

Trade centre with high-class Japanese goods opens in HCM City
Financed by Vi Biển-Akuruhi Trading and Service Company, the 14-story building comprises a restaurant complex, a supermarket, a clothing showroom and an entertainment area.
— Viet Nam News

 

Feature photo Global Partnership for Education/ World Bank

This week’s Vietnam morning news feature photo focus on International Mother Language Day, February 21.

 

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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