Vietnam Morning News For February 6, 2020

Vietnam tells Facebook, Google to remove fake news about coronavirus
Vietnam officials have said they will tell Facebook and Google to take down accounts that spread false information about the novel coronavirus.
— VnExpress

Vietnam Introduces Resolution to Deal with Origin Fraud and Transshipment
The Vietnamese government introduced Resolution 119/NQ-CP (Resolution 119) in December 2019 to address increasing cases of origin fraud and illegal transshipment.
— Vietnam Briefing

Vietnam says Q1 GDP likely to shrink 1% y/y as Lunar New Year holidays, virus hurt
Vietnam’s gross domestic product in the first quarter of this year will likely contract 1% from a year earlier due to China’s fast-spreading coronavirus epidemic and a week-long Lunar New Year holiday, the government said on Wednesday.
— Reuters

Vietnam Goes Big on Solar Power
Solar power is making a strong showing in Vietnam after years of shuttling from one extreme to the other, with the nation looking sometimes like it would revert to coal, and other times like it would invest in renewable energy.
— VOA

Foreign investors buy net $2 million on UPCoM in January
Foreign investors in January bought a total net value of VNĐ46 billion (nearly US$2 million) worth of shares on the Unlisted Public Company Market (UPCoM).
— Viet Nam News

Việt Nam keen to develop supporting industries: Deputy PM
Việt Nam is keen to develop supporting industries and the Government has been working towards the goal of having 1,000 enterprises operating in this sector that are capable of supplying assembling enterprises and multinational corporations in 2020, Deputy Prime Minister Vương Đình Huệ said.
— Viet Nam News

Vietnam Stock Slump Second Worst to China After Lunar New Year
For Vietnamese stock investors, the return from the Lunar New Year break has been almost as bad as for their Chinese counterparts.
— Yahoo News

Vietnam project sows seeds of sustainability
An innovative programme in Vietnam providing sustainable returns to smallholder farmers and delivering quality, safe fresh vegetables to consumers has been showcased at Fruitnet World of Fresh Ideas, part of Fruit Logistica, in Berlin on 4 February.
— Fruitnet

Hoya weighs factory slowdown in Vietnam and Thailand on virus impact
Japan’s Hoya, the world’s biggest maker of glass disks for hard-disk drives, is looking to downshift production in Vietnam and Thailand as the coronavirus outbreak in China hits customers there, Nikkei has learned.
— Nikkei Asian Review

Vietnam expects wide foreign participation in Tourism Fair
The Vietnam 2020 International Tourism Fair will be held in Hanoi from April 1 to 4 with the participation of 25 countries and territories, the Organizing Committee confirmed.
— Plenglish

Vietnam keen to develop supporting industries: Deputy PM Hue
Vietnam is keen to develop supporting industries and the Government has been working towards the goal of having 1,000 enterprises operating in this sector that are capable of supplying for assembling enterprises and multinational corporations in 2020, Deputy Prime Minister Vuong Dinh Hue said.
— NDO

Vietnam’s PM highlights development of trade and economic relations with Armenia
Prime Minister of the Socialist Republic of Vietnam Nguyễn Xuan Phuc met on February 3 with Ambassador of Armenia to Vietnam Vahram Kazhoyan.
— Armenpress

Strong developments in central key economic region
The central key economic region, which consists of Thua Thien – Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh, has made strong developments, significantly contributing to the country’s development.
— NDO

FTAs to bring both opportunities and challenges: Minister
Joining new-generation free trade agreements (FTAs) will help Vietnam diversify its economic and trade relations, especially expanding import and export markets, avoiding excessive dependence on a specific region and helping the economy cope better with external fluctuations.
— VietnamPlus

Tourism, hospitality forked by coronavirus outbreak
Vietnamese tour companies and hotels are concerned revenues could slip as a new coronavirus slashes the number of Chinese tourists.
— VnExpress

Vietnam’s industrial production down 5.5 pct in January
Vietnam’s national index of industrial production in January decreased 5.5 percent on-year, according to the country’s General Statistics Office on Tuesday.
— Infosurhoy

Repairs to submarine cables rescheduled
Repair work on some international undersea cables is unable to be completed as scheduled, and it will take more days for Vietnam’s internet connection with the world to be fully recovered.
— VietnamPlus

Local Vietnam POW recounts amazing Super Bowl experience
Vietnam POW Ed Hubbard was given two tickets to the Super Bowl by NFL Commissioner Roger Goodell. The Chiefs fans was elated and happily pleased with the outcome.
–Ccrestviewbulletin

Vietnam’s Pharmacity eyes 1000 stores by end of 2021
Vietnam’s largest pharmacy retailer Pharmacity has raised VND730 billion (US$31.8 million) in a fresh funding round as it ramps up its expansion plans.
— Retail News

Vietnamese film industry faces shortage of talents
As Vietnamese films grow in leaps and bounds, the lack of good-quality film-makers and crews is becoming more evident than ever.
— Sggp News

Vietnamese agricultural, aquatic products look for consumption market
The exporting of several agricultural, and aquatic products to China has had to temporarily halt as the border gates are temporarily closed due to the outbreak of the novel coronavirus, urging farmers and export enterprises to look for consumption markets amid the impacts of the disease.
— Sggp News

Vietnam court sets aside hydropower award
A court in Hanoi has set aside a US$93 million award issued by the Vietnam International Arbitration Center in favour of two Chinese state-owned entities over a hydropower plant project, ruling the fact that two of the arbitrators were being sued by one of the parties did not justify moving the arbitration hearings outside the country.
— Global Arbitration Review

Sustainable development a $45 billion opportunity for the private sector: Standard Chartered
Investing in sustainable development is a $45 billion opportunity for the private sector: Standard Chartered
— Viet Nam News

Banks to provide support to customers affected by coronavirus
The State Bank of Việt Nam has asked credit institutions to prepare capital sources to meet borrowing demand and provide support to customers who have been affected by the coronavirus epidemic.
— Viet Nam News

Bà Rịa-Vũng Tàu targets place among top 3 FDI destinations in Việt Nam
The southern province of Bà Rịa-Vũng Tàu has announced measures that could help achieve its target of becoming one of the three provinces to attract the highest foreign direct investment (FDI) this year.
— Viet Nam News

Việt Nam’s two big cities lead region in dynamic growth: JLL
HCM City and Hà Nội continue to lead the momentum in Southeast Asia, ranking third and seventh among the most dynamic cities in the world, according to the City Momemtum Index recently issued by property consultant Jones Lang LaSalle.
— Viet Nam News

Investors still keen on SOEs despite land issues
Institutional investors are seeking opportunities to buy shares in large-cap State-owned enterprises when they launch IPOs in 2020.
— Viet Nam News

VN stocks bounce but risks still exist
The benchmark VN-Index on the Ho Chí Minh Stock Exchange inched up 0.10 per cent to end at 929.09 points.
— Viet Nam News

Trung Lương-Mỹ Thuận expressway to be finished this year: contractor
An expressway in the Mekong Delta running between Tiền Giang Province near HCM City and Cần Thơ city will open to traffic at the end of this year.
— Viet Nam News

Cà Mau attracts $930m investment in 2019
Chairman of the provincial People’s Committee Nguyen Tiến Hải urged businesses to foster co-operation and comply with their commitments in ensuring environmental protection and speeding up the implementation of their projects.
— Viet Nam News

MB gets nod to increase charter capital to more than $1 billion
The State Bank of Việt Nam has approved Military Commercial Joint Stock Bank (MB)’s proposal to increase its charter capital to VNĐ24.42 trillion (US$1.06 billion) from VNĐ23.73 trillion.
— Viet Nam News

Securities company lists 9 industries that will be affected by epidemic
Nine industries could be negatively affected in the short term by the fallout of the coronavirus epidemic, according to a report by SSI Securities Corporation.
— Viet Nam News

Hanwha Life new premium income tops trillion
Hanwha Life Vietnam Insurance Co., Ltd. reported first year premium revenues of VNĐ1.05 trillion (US$45.3 million) last year, a year-on-year increase of 20 per cent.
— Viet Nam News

Hà Nội leader urges completion of wastewater project
Chairman of Hà Nội People’s Committee Nguyen Đức Chung has said he will no longer tolerate any delays to the construction of a wastewater treatment facility that is expected to address long-standing water pollution in the increasingly crowded city.
— Viet Nam Net

Tra fish exports likely to recover this year
This year is believed to be a brighter year for the domestic tra fish industry with exports inching up in the first quarter, according to an official from the Việt Nam Pangasius Association.
— Viet Nam News

New-generation FTAs to bring opportunities but also risks and challenges, says Minister
Joining new-generation free trade agreements (FTAs) will help Việt Nam diversify its economic and trade relations, especially expanding import and export markets, avoiding excessive dependence on a specific region and helping the economy cope better with external fluctuations.
— Viet Nam News

CapitaLand named one of world’s most sustainable corporations
Real-estate developer CapitaLand has been recognised as one of the world’s most sustainable corporations for the third consecutive year.
— Viet Nam News

Cybercriminals spread malware documents about coronavirus
Fear of the coronavirus infection is being leveraged by cybercriminals for their malicious activities, new research shows.
— Viet Nam News

State treasury offloads more than $409 million of G-bonds in January
The Hà Nội Securities Exchange (HNX) announced it helped sell VNĐ9.526 trillion (US$409.5 million) of G-bonds in 12 bidding sessions in January.
— Viet Nam News

Feature photo © UNICEF Viet Nam/ Truong Viet Hung

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