Vietnam morning news for January 31

Vietnam morning news for January 31

Vietnam morning news

Vietnam says three new cases of coronavirus detected: state media
Three new cases of coronavirus have emerged in Vietnam, the official health ministry newspaper said on Thursday, bringing the number of active cases in the Southeast Asian country to four.
— Reuters

ADB loan to unlock long-term financing for solar power in Việt Nam
The Asian Development Bank (ADB) signed a US$37.8 million loan deal with TTC Energy Development Investment Joint Stock Company (TTC Energy) to provide long-term financing to develop and operate a 50-megawatt (MW) photovoltaic solar power plant in the southern province of Tây Ninh.
— Viet Nam News

Oil firm bags nearly $4.4 billion in 2019
The Bình Sơn Refining and Petrochemical JSC has reported gross revenue of VNĐ102.82 trillion (nearly US$4.4 billion) last year.
— Viet Nam News

EU-Vietnam Economic Ties: Toward Win-Win?
While the actual impacts remain to be seen, the conclusion of economic pacts offer gains for both sides.
— The Diplomat

Vietnam Has One of the Highest Rates of Consumer Savings
The market research company Nielsen reports that Vietnam has one of the world’s highest rates of consumer savings. But observers disagree on whether it is a good sign.
— VOA

The Uncertainty of Vietnam’s Domestic Politics and Foreign Policy
In a major new defense white paper, its first in ten years, Vietnam has signaled that it could abandon its long-standing foreign policy strategy of hedging between major powers like China and the United States and move more definitively into Washington’s orbit.
— CFR

Agriculture sector still has chance to boost exports this year
The agriculture sector this year is targeting gross domestic product (GDP) growth of 2.9-3 per cent and export value of agricultural, forestry and fishery products of US$42 billion.
— Viet Nam News

Improving labour productivity critical for businesses
Improving labour productivity is vital for Vietnamese businesses in the context of Industry 4.0, with rapid increases in digitalisation, robotisation and intelligent automation, experts said.
— Viet Nam News

Vietnam’s e-commerce sector is booming, but why do consumers prefer Amazon and eBay?
Although e-commerce in Vietnam significantly lags behind that in Singapore, Indonesia, Malaysia, and Thailand, the country is considered the fastest-growing digital economy in the region and its dynamic e-commerce market is unlocking new business opportunities and receiving attention from both domestic and foreign investors.
— South China Morning Post

Vietnam’s digital economy comes up first in the APAC region
ASIA PACIFIC has long been at the forefront of accelerating digitization.
— Tech Wire Asia

Vietnam increases reference exchange rate
The State Bank of Vietnam on Thursday set the daily reference exchange rate between Vietnamese dong and U.S. dollar at 23,185 Vietnamese dong per U.S. dollar, up 15 Vietnamese dong from the last adjustment.
— China.org

Helping China-owned companies in Vietnam in the era of rising tariffs, changing rules, and increased enforcement
US importers of goods claiming Vietnamese origin face increasing risk. President Trump recently indicated his administration will pay close attention to goods exported from Vietnam, including those suspected of circumvention or evasion of existing duty orders on those goods when originating from countries other than Vietnam.
— jdsupra

Vietnam welcomes nearly 2 million int’l arrivals in January, 2020
According to the General Statistics Office of Vietnam, nearly 2 million foreign visitors travelled to Vietnam in January.
— Sggp News

More than 20 multi-level marketing firms have permission to work in Việt Nam
After the authorities revoked working licenses of five multi-level marketing (MLM) firms last year, there are 23 firms of this type allowed to operate in the country.
— Viet Nam News

Petrol and oil prices fall sharply
The retail prices of petrol witnessed a strong reduction as from 3pm on January 30 (Thursday).
— Viet Nam News

Coronavirus might affect exports to China: ministry
The Import-Export Department under the Ministry of Industry and Trade is keeping a close watch on the development of the coronavirus, urging firms to prepare for negative impacts of the epidemic on exports, especially exports of agricultural products, to China.
— Viet Nam News

Fruit exporters eye Vietnamese market
With a growing middle class and high GDP growth, Vietnam has become an ideal market for foreign fruit exporters, experts have said.
— The Star Online

Hanoi’s tourism affected by nCoV epidemic during Tet
The novel coronavirus (nCoV) outbreak caused certain negative impact on Hanoi’s tourism during the seven-day Lunar New Year holiday (Tet), according to the municipal Department of Tourism.
— VietnamPlus

Outside Looking In – UK investment set to power up Việt Nam’s renewables programme
Brian Spence explains how his old and new homelands are increasingly converging in the investment sphere, particularly in renewable energy.
— Viet Nam News

Banking profit grows 22.5% in 2020: SSI Research
Local banks may increase their pre-tax profits by 22.5 per cent on-year in 2020, SSI Securities Corporation’s research unit has forecast.
— Viet Nam News

Total goods and service retail sales up in January
Total retail sales of goods and services in January were estimated at VNĐ448.1 trillion, up 3.6 per cent over the previous month and up 10.2 per cent year on year, according to the General Statistics Office (GSO).
— Viet Nam News

Vietnamese shares contract in line with global markets
Shares plunged on both national stock exchanges on Thursday morning – the first trading session after the Tet (Lunar New Year) holiday – due to volatility on the global markets given developments of the virus outbreak in China.
— Viet Nam News

Semiconductors Market in Vietnam 2020-2024 | 19% CAGR Projection Through 2024 | Technavio
The semiconductors market in Vietnam is expected to post a CAGR of almost 19% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
— Yahoo News

Vice President launches New Year tree-planting festival in Phu Tho
Vice President Dang Thi Ngoc Thinh launched a tree-planting festival at the Hung Kings special national historical relic site in the northern midland province of Phu Tho on January 30 or the sixth day of the first lunar month.
— VietnamPlus

Local pie of retailing is both sweet and bitter
As one of the most dynamic economies in the region, Vietnam’s retail market is attractive for many foreign investors, but it can also be challenging at the same time.
— VietnamPlus

Helping China-owned companies in Vietnam in the era of rising tariffs, changing rules, and increased enforcement
Exporters and US importers of goods claiming Vietnamese origin face increasing risk. President Trump recently indicated his administration will pay close attention to goods exported from Vietnam, including those suspected of circumvention or evasion of existing duty orders on those goods when originating from countries other than Vietnam.
— Lexology

Media, advertising industries have high human resources needs
The global integration of the country and its growing economy are factors driving the growth of media and advertising, leading to high demand for personnel in these industries, according to human resource providers.
— VietnamPlus

Vietnam suspends visas for visitors from coronavirus-hit areas
Residents from coronavirus-hit areas face visa restrictions as Vietnam aims to stamp out the viral outbreak.
— VnExpress

10 feverish Vietnamese quarantined in China border province
A general hospital in Lao Cai Province near the Chinese border has placed 10 Vietnamese experiencing high fever under quarantine for coronavirus tests.
— VnExpress

Vietnam chairs UNSC meeting on humanitarian situation in Syria
The United Nations Security Council (UNSC) met in New York on January 29 to discuss the humanitarian situation in Syria, under the chair of Vietnam that holds the council’s presidency in January.
— NDO

Vietjet Commences the First Direct Service Linking Hanoi and the Paradise Island of Bali
Vietjet currently operates three return flights from New Delhi to Hanoi and four return flights from New Delhi to Ho Chi Minh City per week. Indian travelers can now have new options to explore the Paradise Island with Vietjet’s flights from Hanoi and Ho Chi Minh City to Bali.
— Bwhotelier

January FDI surges 179 percent
Việt Nam raked in US$5.3 billion in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Planning and Investment.
— Viet Nam News

Masan Consumer brings Tết festivities to disadvantaged children
Masan Consumers Joint Stock Company and the Vietnam Cuisine Culture Association have organised a charity programme, Tết trẻ em (Children’s Lunar New Year).
— Viet Nam News

How to invest in Vietnam
We explain how Vietnam has become one of the fastest-growing countries in the world and how investors can grab a slice of the action.
— IG

From China to Vietnam: Highlighting how the coronavirus spreads from person to person
A 65-year-old man from Wuhan with existing chronic illnesses transmitted the coronavirus to his son living in Vietnam, after visiting and sharing an air-conditioned room for three days, highlighting how the respiratory illness can spread person-to-person – even a healthy one.
— Health 24

Registered capital of new enterprises in January hits four-year high
Việt Nam had 8,276 new enterprises established in the first month of 2020, down 17.9 per cent year-on-year, but the total registered capital of the enterprises surged sharply by 76.8 per cent to VNĐ267 trillion (US$11.46 billion), the highest growth rate in four years, the General Statistics Office (GSO) reported.
— Viet Nam News

CPI in January hits 7-year high
Việt Nam’s consumer price index (CPI) in January hit a record high, up 1.23 per cent over the previous month and 6.43 per cent year on year, according to the General Statistics Office (GSO).
— Viet Nam News

Market to maintain uptrend in post Tết period
The market is forecast to maintain its uptrend during the first sessions in the year of the rat, according to securities companies and experts.
— Viet Nam News

HCM City to foster ICT development
HCM City will continue to promote the development of information and communications technology to develop into an innovative smart city and improve living conditions, authorities have said.
— Viet Nam News

 

Feature photo Vietnam Bird News

This week’s Vietnam morning news feature photo focuses on raptors of Asean, here the Peregrine Falcon.

 

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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