Vietnam Morning News For February 26, 2020

Vietnam Airlines restores some inflight services thanks to COVID-19 fight
The national flag carrier Vietnam Airlines has restored some services on domestic and international flights with durations of less than 2.5 hours since February 24, as there have been signs showing COVID-19 has been put under control in Vietnam.
— Viet Nam Net

Việt Nam needs new approaches to fund development: ADB expert
As Việt Nam is estimated to need on average US$210 billion in infrastructure per year through 2030 to meet its development targets, Asian Development Bank (ADB) expert suggested the country should adopt new approaches to get the huge capital.
— Viet Nam News

Finance ministry to provide legal support to SMEs
The Ministry of Finance has issued a plan to provide legal consultancies to small- and medium-sized enterprises (SMEs) this year with focus on tax, customs, securities, price and insurance regulations.
— Viet Nam News

Vietnam’s timber sector takes a hit from coronavirus outbreak
While the Southeast Asian country’s human toll has been small — just 16 confirmed infected individuals, 15 of whom have since recovered, out of a population of 96 million people — the economic effects have been wide-ranging, including a steep decline in its timber trade.
— Eco-Business

Trade resumes at border checkpoints in Quang Ninh province
The trading of goods between Vietnam and China at border gates in Quang Ninh province is recovering after China re-opened the checkpoints, according to local customs authorities.
— NDO

Enterprises race to mobilize capital from corporate bonds
Last year, the number of banks and real estate enterprises that issued bonds to attract capital accounted for a large proportion of the market. In January this year alone, real estate companies lured more than 50 percent of the total amount of money mobilized in the bond market.
— Sggp News

Removing difficulties for railway sector
Prime Minister Nguyen Xuan Phuc chaired a meeting of the Government Standing Committee on February 24 on the allocation of State budget to the Vietnam Railway Corporation to implement the management and maintenance of the national railway infrastructure.
— NDO

Company profit growth to slow down in 2020: reports
Corporate earnings were forecast to slow in 2020 as the economy became more vulnerable to external factors, data firms and securities businesses forecast.
— VietnamPlus

Vietnam eyes stronger cooperation, farm produce trade with US
A delegation of the Ministry of Agriculture and Rural Development (MARD) led by Deputy Minister Le Quoc Doanh is on a visit to the US to enhance cooperation and farm produce trade from February 24-29.
— VietnamPlus

Thailand imposes anti-dumping duty on Vietnamese steel products
Thailand will impose anti-dumping tariff ranging from 6.97 per cent to 51.61 per cent of cost, insurance and freight (CIF) prices on some imported steel products from Việt Nam.
— Viet Nam News

Vietnam Airlines offers discounted tickets on several int’l routes
The super-saving tickets are applied for HCM City-Kuala Lumpur flights departing from February 24 to May 20, 2020 and for those on the HCM City-Singapore route from February 24 to May 30, 2020, the airline said in a statement.
— Viet Nam News

Vinacomin’s subsidiary to divest from Nghe An-based non-ferrous company
The Vinacomin – Minerals Holding Corporation (Vimico) is planning to sell nearly 2.4 million shares, worth over VNĐ23.6 billion (about US$1 million), in the Nghệ Tĩnh Non-ferrous Metal JSC.
— Viet Nam News

EVN to increase cashless payments for power bills
Electricity of Việt Nam (EVN) will promote cashless payments to reach the goal of 75 per cent of customers paying their bills digitally by 2025.
— Viet Nam News

All 16 of Vietnam’s coronavirus sufferers ‘cured’
All 16 people in Vietnam infected with a new coronavirus have been cured, the health ministry said on Tuesday, adding that no new cases have been recorded since Feb 13.
— Bangkok Post

EVN produces one third of total power output
Electricity of Việt Nam (EVN) has produced 7,185 MW of power, accounting for 33.2 per cent of Việt Nam’s total power output in the 2016-20 period, according to the revised Power Development Master Plan (PDP) VII.
— Viet Nam News

Lazada launches milk guarantee programme
The Lazada Vietnam e-commerce platform has launched a powdered milk guarantee programme, providing customers with the convenience and full confidence to purchase powdered milk online.
— Viet Nam News

Vietnam is the ‘favourite’ for investors seeking growth
Vietnamese stocks are some of the world’s most battered this year, but market watchers are backing a turnaround.
— The Star Online

Vietnam train services may stop due to lack of funding
TRAIN services in Vietnam could ground to a haltin less than two weeks unless a funding issue with its national operator Vietnam Railways (VNR) is resolved.
— New Straits Times

Vietnam International Travel Mart rescheduled over coronavirus fears
The Vietnam International Travel Mart (VITM Hanoi) will take place in Hanoi from May 14-17, later than the initial schedule of April 1-4, due to coronavirus concerns, the Vietnam Tourism Association said on February 24.
— NDO

Coronavirus to hit Vietnam’s garment industry hard – association chairman
Vietnamese garment makers will face a severe shortage of materials starting in the second quarter because the new coronavirus has disrupted their supply chains, the chairman of the Vietnam Textile and Apparel Association said on Tuesday.
— Lfpress

Fitch Solutions lowers Vietnam growth forecast
Fitch Solutions has lowered its growth forecast for Vietnam to 6.3 percent this year due to the possible impacts of the coronavirus.
— VnExpress

Experts say water release from Chinese dams too little to reach Vietnam
Even if China releases water from its hydropower dams on the Mekong River, it might not reach the Mekong Delta in Vietnam, experts warn.
— VnExpress

KN Paradise seeks casino operator for Vietnam resort
KN Paradise Cam Ranh beach resort, a tourism project in Vietnam’s Khanh Hoa province, announced on Tuesday that the Vietnamese government has “recently issued” an investment certificate allowing the project to develop a “large-scale casino complex” on its premises. The scheme is promoted by Vietnam-based real estate investor and developer KN Cam Ranh Co Ltd.
— GGR Asia

Vietnam strives to become APO’s centre of excellence
Vietnam is exerting efforts to become one of the six centres of excellence in terms of labour productivity of the Asian Productivity Organisation (APO) in 2020.
— VietnamPlus

Vietnam’s audit officials attend int’l integrity seminar in Hungary
A delegation of the State Audit Office of Vietnam led by Auditor General Ho Duc Phoc are taking part in the 7th international integrity seminar that opened in Budapest, Hungary, on February 24.
— VietnamPlus

Vietnam calls on interpreters to talk Chinese, South Koreans into quarantine
Provinces and cities are to send staff able to understand and communicate in Chinese and Korean to border areas, as per Ministry of Health request.
— VnExpress

VFS Global Launches The First Online Portal For Vietnam EVisa On Arrival
VFS Global is pleased to announce the launch of the first official and exclusive electronic Visa on Arrival (eVOA) digital solution for the convenience and comfort of travellers to Vietnam.
— Travel Trends Today

Japan’s Miki House open first store in Vietnam
Miki House, a Japanese children’s clothing and product company, opened its first store in Vietnam on February 25.
— VietnamPlus

Vietnam Surgeons Complete 1st Ever Successful Hand Transplant From Living Donor – Reports
The world’s first hand wrist transplant operation from a living donor was successfully carried out by military surgeons at Hospital No. 108 in Hanoi, Vietnamese news portal VNExpress reported on Tuesday
— Urdu Point

Banks urged to cut interest rates for epidemic-hit firms
The State Bank of Vietnam (SBV) has urged domestic and branches of foreign credit institutions to offer a cut in loan interest rates for businesses affected by the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) which is taking toll on the regional economies.
— Sggp News

Enterprises invited to get involved in legalisation of EVFTA commitments
Enterprises should participate in the legislation process of Vietnam’s commitments to the EU-Vietnam Free Trade Agreement (EVFTA) in order to make the most of it, a representative from the Vietnam Chamber of Commerce and Industry (VCCI) has said.
— VietnamPlus

MoIT fines online sellers hiking prices of face masks and hand sanitiser
Sellers hiking the prices of face masks and hand sanitiser on some e-commerce websites have been fined.
— Viet Nam News

Banks to reschedule debt payment for epidemic-affected customers
The State Bank of Việt Nam (SBV) has told banks to reschedule debt repayments to help customers affected by the coronavirus epidemic.
— Viet Nam News

State-owned coal, oil producers urged to respond to COVID-19
The Ministry of Industry and Trade has instructed State-owned coal and oil-gas producers to develop measures to respond to impact of the acute respiratory disease caused by the COVID-19 outbreak.
— Viet Nam News

Company profit growth to slow down in 2020: reports
Corporate earnings were forecast to slow in 2020 as the economy became more vulnerable to external factors, data firms and securities businesses forecast.
— Viet Nam News

Mastercard appoints Safdar Khan as Division President for Southeast Asia Emerging Markets
Mastercard on Monday announced the appointment of Safdar Khan as Division President for Southeast Asia Emerging Markets, to further expand the region’s cashless agenda and will be supported by Winnie Wong, Country Manager, Việt Nam, Cambodia & Laos.
— Viet Nam News

Export activities at border gates still slow: Ministry
Export activities through border gates with China were still slow by February 23, according to the Ministry of Industry and Trade.
— Viet Nam News

THACO exports 40 Kia Grand Carnival cars to Thailand
Trường Hải Auto Corporation, or THACO, has exported 40 Kia Grand Carnival cars to Thailand.
— Viet Nam News

Singapore firms seek suppliers of agricultural products in Viêt Nam
A delegation of firms from Singapore was expected to visit Việt Nam at the end of this month to seek fruit and vegetable suppliers, as imports from China were declining due to the outbreak of novel coronavirus (COVID-19).
— Viet Nam News

Widespread disease slams the stock market
The spread of COVID-19 outside China severely affected Asian financial markets on Monday and Việt Nam’s market was no exception.
— Viet Nam News

Nature reserve founded in central province
The Tam Giang-Cầu Hai Wetlands Nature Reserve has been founded following a decision by chairman of the Thừa Thiên-Huế People’s Committee Phan Ngọc Thọ.
— Viet Nam Net

Gold prices fall in the market
After soaring to an eight-year high yesterday, domestic gold prices fell between VNĐ1.3 million and VNĐ2 million (US$56-86) per tael on February 25.
— Viet Nam News

Việt Nam records trade deficit in first half of February
Việt Nam recorded a trade deficit of US$30 million in the first half of February, according to the General Department of Customs.
— Viet Nam News

Feature photo Không phân biệt đối xử

This week’s Vietnam morning news feature photo focus on Zero Discrimination Day, March 1.

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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