Vietnam morning news for February 27

Vietnam morning news for February 27

Vietnam morning news

Vinalines to lose more than $42.7 million from Covid-19 epidemic
Vietnam National Shipping Lines (Vinalines) estimated it would lose VNĐ992 billion (US$42.7 million) in seaport-related revenue and VNĐ224 billion in profit in the first two quarters of 2020 because of the Covid-19 epidemic.
— Viet Nam News

Vietnam’s steel import falls 18 percent in January
Vietnam imported a total 944,865 tonnes of steel in January, a year-on-year drop of 18 percent, according to the General Department of Customs.
— VietnamPlus

US enterprises green-lighted to export meat, seafood, fruits to Vietnam
The office of the Ministry of Agriculture and Rural Development on February 25 said that the Vietnamese delegation led by agricultural Deputy Minister Le Quoc Doanh has gone to the US to discuss strengthening agricultural trade cooperation between the two countries.
— Sggp News

Coronavirus: Formula 1 Grand Prix races in Vietnam & Bahrain to go ahead as planned
The Vietnam and Bahrain Grand Prix races will go ahead as planned despite continuing concerns about coronavirus, Formula 1 says.

First fruit train arrives in China from Vietnam
A train loaded with fruit departed Dong Dang railway station in northern Vietnam and arrived in south China’s Guangxi Zhuang Autonomous Region on Tuesday.
— Xinhua

Vietnam and US enhance farm produce trade
According to Deputy Minister of Agriculture and Rural Development Le Quoc Doanh, Vietnam has so far granted licences to 460 US producers of meat and meat products and 210 exporters of aquatic products.
— Fresh Plaza

Vietnam’s PV Oil sells April-loading Thang Long crude to PTT – sources
Vietnam’s PV Oil has sold one cargo of Thang Long crude to Thailand’s PTT <PTT.BK> at a premium of around $5.5 a barrel to dated Brent via a spot tender closed last Thursday, two trade sources said on Wednesday.
— Today Online

Apparel, footwear enterprises seek material supplies amid COVID-19
Garment-textile and footwear enterprises are seeking material supplies from markets besides China amid the complicated developments of the acute respiratory disease caused by SARS-CoV2 (COVID-19).
— VietnamPlus

Tourism sector to propel forward during and after epidemic
Travel businesses believe that it is time for the tourism sector to restructure the market and improve human resources, and for the government to implement tax reduction and exemption so that enterprises can recover and move forward as soon as the Covid-19 epidemic dies down.
— Sggp News

Why Vietnam’s fashion market is booming and attracting brands like Louis Vuitton, Uniqlo and Zara
Down a quiet alley in the heart of Ho Chi Minh City, the focus is on one thing: sneakers. Here, at G-Lab, pristine pairs of Adidas Originals and limited-run Nikes line the walls in front of an excited clientele of young streetwear aficionados.
— South China Morning Post

Shinhan Bank pitches in to help VN farmers
To help farmers who have been hit by the novel coronavirus (COVID-19) epidemic’s adverse impact on exports, especially to China, the country’s largest buyer of farm produce, South Korea’s Shinhan Bank Vietnam Ltd. has bought 16.5 tonnes of watermelons from them and gifted them to its employees.
— Viet Nam News

Seventeen banks slash interbank transfer fees from Tuesday
Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) following the move of the National Payment Corporation of Việt Nam (NAPAS) to cut switching fees with an aim to promote cashless payments.
— Viet Nam News

Japan’s Miki House open first store in Việt Nam
Senda Hiroshi, international business manager at Miki House, says the Japanese brand is popular among Việt Nam’s high-income earners.
— Viet Nam News

Vietnamese carriers suffer from COVID-19 outbreak
Vietnamese carriers saw significant drops in the number of passengers in February due to the outbreak of the novel coronavirus (COVID-19).
— Viet Nam News

What Israel Can Learn From Vietnam on How to Beat the Coronavirus
Rafi Kot, an Israeli physician who has an unexpected role as a key decision maker in Vietnam’s efforts to cope with the new coronavirus, admits the country was taken by surprise by the epidemic.
— Haaretz

Vietnam airline called out for greenwash promotion: ‘Protect our planet – fly with Vietjet’
A sales promotion for low-cost Vietnamese airline VietJet has been called out for greenwashing.
— Eco-business

Vietnam’s motorbike sales second highest in ASEAN
Though motorbike sales in Vietnam ranked second in ASEAN last year, domestic demand showed a decline against regional growth.
— VnExpress

Low rainfall expected across central Vietnam over next two months
Little rainfall is forecast across the country in March and April, the remaining months of the dry season, particularly in the central region, said Vu Duc Long, Deputy Director of the National Centre for Hydrometeorological Forecasting.
— Viet Nam Net

Vietnam highlights Asean’s efforts in protecting children’s rights
The Association of Southeast Asian Nations (Asean) has shown its strong commitment to promoting and ensuring the rights of children through a multitude of important documents, such as the Asean Community Vision 2025 and the Asean Socio-Cultural Community Blueprint 2025.
— The Star Online

Việt Nam’s growth under pressure from global Covid-19 outbreak
Fitch Solutions on Tuesday revised down its 2020 real GDP growth forecast for Việt Nam to 6.3 per cent, from 6.8 per cent previously, in light of the worsening global Covid-19 outbreak.
— Viet Nam News

US food agency inspection an opportunity for Vietnamese tra fish
The ministry said Việt Nam welcome the FSIS’s involvement to ensure Vietnamese tra fish hold up to the strictest of safety and quality standards.
— Viet Nam News

BAA Training Vietnam Introduces Second A320 FFS
BAA Training Vietnam, a brand new aviation training centre located in Ho Chi Minh, announces expanding their training equipment. A state-of-the-art Airbus A320neo full flight simulator has been assembled and approved by Civil Aviation Administration of Vietnam (CAAV) to provide pilot training in Vietnam.
— Aero Times

MB launches MB Private, targeting high net worth individuals
The Military Commercial Joint Stock Bank (MB) has officially launched MB Private, an exclusive wealth management arm targeting high net worth individuals, which will be based at its landmark MB Private Banking Center in HCM City.
— Viet Nam News

Shinhan Bank pitches in to help VN farmers
To help farmers who have been hit by the novel coronavirus (COVID-19) epidemic’s adverse impact on exports, especially to China, the country’s largest buyer of farm produce, South Korea’s Shinhan Bank Vietnam Ltd. has bought 16.5 tonnes of watermelons from them and gifted them to its employees.
— Viet Nam News

Seventeen banks slash interbank transfer fees from Tuesday
Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) following the move of the National Payment Corporation of Việt Nam (NAPAS) to cut switching fees with an aim to promote cashless payments.
— Viet Nam News

Vietnam: Imported Scrap Offers Rebound
Japanese H2 scrap in bulk is currently being offered at around USD 260/MT CFR Vietnam, moving up by USD 8-10/MT on a weekly basis. Few offers for Japanese origin Shredded and Shindachi scrap was reported at USD 282/MT and USD 287/MT, CFR levels in the closing of the last week.
— Mysteel

Construction of new Vietnam casino in 2021: promoter
A new casino complex within the premises of the KN Paradise Cam Ranh beach resort in Vietnam is expected to start construction “next year,” a spokesperson on behalf of the scheme’s promoter, real estate investor and developer KN Cam Ranh Co Ltd, told GGRAsia in an emailed statement on Tuesday.
— GGR Asia

Jadestone at the ready for major offshore project in Vietnam
JADESTONE Energy expects to receive final development approval from the Vietnamese government for its major offshore gas project on the Nam Du and U Minh fields imminently.
— Energy News Bulletin

Bình Định green lights two wind power plants
The investor would have its approval revoked if it failed to implement the projects within a year, according to the province.
— Viet Nam News

Potential for Việt Nam-US farm produce trade remains huge
Việt Nam and the US held huge potential for co-operation in farm produce trade, Deputy Minister of Agriculture and Rural Development Lê Quac Doanh said.
— 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

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

Vietnam puts the Mekong’s fate on ASEAN’s agenda
In a nod to green diplomacy, Vietnam is raising the geopolitical stakes over the Mekong River, Southeast Asia’s largest body of water, which has dropped to record lows due to a severe drought and construction of large dams.
— Nikkei Asian Review

Vietnam bars tourists from virus-hit parts of South Korea
Vietnam banned tourists from coronavirus-hit areas of South Korea on Wednesday, a blow to a tourism industry already reeling from a collapse in Chinese visitor numbers.
— National Post

MB Bank sells shares in a private deal
The Military Commercial Joint Stock Bank (MB Bank) is seeking the potential investor to sell additional 211.35 million shares in a private deal.
— Viet Nam News

Gov’t keeps macroeconomic targets unchanged despite COVID-19 epidemic
Government is striving to meet dual targets to avoid the spread of COVID-19 and ensure the safety of people while achieving the macroeconomic indicators set by the Party and the National Assembly.
— Viet Nam News

Early forest fire warnings vital
Nguyen Qua’c Trí, director general of the Việt Nam Administration of Forestry, talks to Vietnam News Agency about the dangers of forest fires during the dry season
— Viet Nam Net

Vietnam GP now under threat as international exclusions begin
The Vietnam Grand Prix is now under threat, as the Vietnamese government has shut its borders to visitors from several countries, including Japan and Italy.
— Formulaspy

Course on sustainable debt management held in Hà Nội
A training course on sustainable national debt management is taking place in Hanoi as part of Vietnam’s public debt management reform programme.
— Viet Nam News

Morning News Roundup: Uncharted, Visinema raise Series A investments
Insurtech company Uncharted snags US$5.8M Series A investment Singapore-based insurtech company Uncharted announced today that it has closed a US$5.8 million in Series A funding round with full participation and support from its foundation shareholders.
— e27

Inadequacies in management of coastal transport highlighted
The transport sector needs to issue separate circulars to manage coastal transport operations for cargo ships, especially bulk cargo ships, a type of ship that runs off the coast and on rivers.
— Viet Nam News

Việt Nam’s commodity market expected to lure more capital
The development of a commodity exchange in Việt Nam is expected to provide an alternative for investors when they find difficulties investing in risky assets such as stock and real estate.
— Viet Nam News

Shares bounce back on bottom purchases
Shares reclaimed some of the ground lost in the previous day’s sharp sell-off on worries about the COVID-19 outbreak.
— 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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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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