Vietnam Morning News For February 7, 2020

Two more Vietnamese tested positive for the coronavirus, raising total infections to 12
One patient is the 49-year-old mother while the other is the 16-year-old sister of the infected female worker, who is 23, in the northern province of Vinh Phuc. The mother started coughing on February 3, while the sister had coughing and fatigue. VNExpress, a local media reports on Thursday.
— Vietnam Insider

Việt Nam boosts production of face masks
The Ministry of Industry and Trade has directed Vietnamese commercial affair offices abroad to connect with businesses to search for raw materials to send to Viet Nam to produce face masks.
— Viet Nam News

Vinalines eyes to join Global Shipping Alliances
The Vietnam National Shipping Lines Corporation (Vinalines) will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services towards joining in the Global Shipping Alliances (GSA).
— Hellenic Shipping News

Vietnam’s new consumer finance curbs to challenge business models: Fitch
Fitch Ratings believes larger, more established finance companies are better-placed to meet the new requirements while newer, smaller companies that concentrate on cash loans may find it harder to shift their business models.
— The Hanoitimes

Vietnam finance ministry takes step to stabilize market sentiment
Vietnam’s stock market over the last few days has gradually recovered and rebounded, said Vice Minister of Finance Vu Thi Mai.
— The Hanoitimes

Vietnam’s exports forecast to plunge in Q1
Vietnam’s exports are forecast to plunge in the first quarter of this year due to impacts of the acute respiratory disease caused by the new coronavirus (2019-nCoV).
— VietnamPlus

EU Confronts Make or Break Decisions for Vietnam and Cambodia
Two upcoming calls will help define the European Union’s ties with the Southeast Asian countries.
— The diplomat

PetroVietnam exceeds January targets
The Vietnam Oil and Gas Group (PetroVietnam) surpassed many targets, including revenue and State budget contribution in the first month of 2020.
— Viet Nam News

Vietnam’s two big cities lead region in dynamic growth: JLL
Ho Chi Minh City and Hanoi continue to lead the momentum in Southeast Asia, ranking third and seventh among the most dynamic cities in the world, according to the City Momentum Index recently issued by property consultant Jones Lang LaSalle.
— VietnamPlus

Vietnam, RoK to expand cooperation in addressing post-war consequences
Deputy Defence Minister Sen. Lieut. Gen Nguyen Chi Vinh hosted a reception in Hanoi on February 5 for out-going director of the Korea International Cooperation Agency (KOICA) in Vietnam Kim Jin-oh.
— VietnamPlus

NGOs Ask EU Parliament to Vote Against EU-Vietnam FTA And IPA Over Human Rights Issues
A total of 28 NGOs Tuesday urged the European Parliament (EP) to postpone consent to the EU-Vietnam Free Trade Agreement (EVFTA) and Investment Protection Agreement (IPA) until Vietnam’s government agrees to protect the rights of laborers and ensure human rights.
— Radio Free Asia

Facebook in Vietnam is known as a platform full of fake news
Cyberbullying has been developing along with the growth of the internet. Abusive comments and personal insults are the major forms of cyberbullying.
— Vietnam Insider

Trade between Vietnam and China fell sharply in January
Trade between Vietnam and China fell sharply in January due to the week-long Lunar New Year holiday and coronavirus epidemic that has led to transport and supply chain disruptions.
— Vietnam Insider

Nearly 300 passengers have been denied entry to Vietnam due to Coronavirus threat
286 passengers have been denied entry to Vietnam by authorities at the Tan Son Nhat International Airport in HCM City for having stayed or transited in Coronavirus-affected areas in China.
— Vietnam Insider

Don’t panic and stockpile food, health ministry advises
The Health Ministry has allayed public concerns over the novel coronavirus epidemic, saying there’s no need to panic and stockpile food.
— Vietnam Insider

Economic stimulus not under Vietnam gov’t’s consideration now amid nCoV outbreak
Despite the impacts of the outbreak on the local economy, the Vietnamese government would not revise down the growth target of 6.8% for this year.
— The Hanoitimes

Tourist sites in Hanoi reopened after one-day closure due to epidemic
The closure was carried out for sterilizing the sites, which would reopen when the disinfection work completed.
— The Hanoitimes

Vietnam seeks greater cooperation with US in infrastructure, energy
Successes in bilateral cooperation in trade, investment and economy are major pillars for Vietnam – US relations.
— The Hanoitimes

Vietnam SDGs offer US$46 billion opportunity for private investors: StanChart
In Vietnam, the greatest SDG investment opportunities are found in transport infrastructure and improving digital access.
— The Hanoitimes

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

Đà Nẵng licenses 14 foreign-invested projects in January
The central coastal city of Đà Nẵng granted licences to 14 foreign-invested projects with total registered capital of nearly $1.69 billion in January, the municipal Department of Planning and Investment announced on Tuesday.
— Viet Nam News

Tiền Giang sets export target of $3.4 billion in 2020
Free trade agreements which have come into force will help the province attract foreign investors and open up new opportunities for export growth.
— Viet Nam News

Pharmaceutical stocks benefit from disease spread
Pharmaceutical stocks are experiencing an upsurge as fears of coronavirus have boosted demand for healthcare products and services, lifting demand for shares.
— Viet Nam News

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

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

Quảng Trị to plant 60,000ha of forests by 2030
The central province of Quảng Trị had over 110,000ha of forests for production as of early this month, 22,000ha of which have received Forest Stewardship Council (FSC) forest management certifications.
— Viet Nam Net

VN shares mixed, but growth expected to return
Vietnamese shares finished Wednesday largely unchanged as investors braced for further news about the development of the coronavirus.
— Viet Nam News

Paradise Vietnam luxury cruises set sail
A UNESCO biosphere, Lan Ha Bay is a geological extension of Halong Bay minus its large tourist numbers and home to 300-odd towering limestone karsts, emerald waters and white sand beaches.
— TTR Weekly

NSG’s Solar Glass Float Furnace in Vietnam Starts Operation
NSG Group recently started the operation of its float furnace for the production of transparent conductive oxide (TCO) coated glass for solar panels. The previously dormant float furnace was upgraded as part of the plan announced in May 2018 to expand production capacity of TCO glass to support the growing solar market.
— Usglassmag

Vietnamese ecommerce firm Leflair temporarily halts local operations
Vietnam-based ecommerce startup Leflair has temporarily suspended its local operations as it looks to make adjustments in its business structure, the company’s co-founder and CEO Loic Gautier told Tech in Asia.
— Tech In Asia

Solarwatt and Aone implement large-scale solar PV project in Vietnam
German solar PV company Solarwatt is partnering with Aone Deutschland AG to deliver a 2.7 MW photovoltaic installation in Vietnam consisting of 8,424 modules for a local water supply plant on the Song Duong River.
— Renewable Energy Magazine

Will Vietnam’s anti-corruption ‘blazing furnace’ heat up in 2020?
On 30 December 2019, the ruling Communist Party of Vietnam (CPV) General Secretary and State President Nguyen Phu Trong emphasised that anti-corruption efforts would continue in 2020.
— East Asia forum

Vietnam offers free treatment to nCoV patients
Patients carrying the new coronavirus or suspected of infection will be tested gratis across Vietnam.
— VnExpress

Cable repair delay slows internet speed in Vietnam
Vietnamese internet users will continue suffering slower speeds until next week as repair work is prolonged on two undersea cables.
— VnExpress

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 Vietnam Pangasius Association.
— VietnamPlus

Tuna exports to US surge
Vietnam’s tuna exports to the U.S. rose 38 percent last year, with that country remaining by far the biggest buyer of the fish.
— VnExpress

Vietnam Casino Soft Launch Proceeding Despite Coronavirus Scare
It has been reported today that a Vietnam casino resort is pushing ahead with its ‘pre soft opening’ despite the coronavirus crisis.
— Casino

Hoi An locals benefit from preservation of heritage
Since 1999, Hoi An has been recognized by UNESCO as a World Cultural Heritage site. Realizing the economic potential, Hoi An ancient town has been in the forefront of preserving and protecting heritage to boost the development of tourism.
— VietnamPlus

Vietnam setting up field hospitals for possible virus influx
Vietnam is setting up field hospitals with thousands of beds to handle a potential influx of coronavirus cases, health officials said, as it prepares to receive its nationals from China.
— Menafn

Vietjet opens three direct routes linking Việt Nam with India
With all of the three of the new routes launching operations in May 2020, Vietjet will become the operator with the most direct routes between the two countries, offering five direct routes from and to India.
— Viet Nam News

Hà Nội attractions reopen for tourists
All scenic, cultural and historic sites nationwide were approved to open for guests as long as safety and hygiene were guaranteed.
— Viet Nam Net

Feature photo © UNICEF Viet Nam/ Truong Viet Hung

This week’s Vietnam morning news feature photo focus on the novel coronavirus (2019-nCoV) outbreak.

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