Vietnam Morning News For July 15, 2020

Vietnam Airlines wants $500 mln government bailout
Vietnam Airlines is seeking an urgent VND12 trillion ($518 million) bailout from the government as the coronavirus continues to hit its revenues.
— VnExpress

Vietnamese investors in Laos discuss measures to cope with COVID-19
Vietnamese enterprises investing and doing business in Laos needed to apply online solutions in corporate management to cope with the COVID-19 pandemic, which was hitting the Lao economy hard, and develop plans for post-pandemic recovery.
— Viet Nam News

Vietnamese sailors stranded in Malaysian waters since MCO
A crew of Vietnamese sailors has been left stranded in Malaysian waters since the movement control order (MCO) came into effect in mid-March, with food and supplies running low.
— FMT

PM okays resumption of Viet Nam-China flights
VGP – Prime Minister Nguyen Xuan Phuc has given the green light to the resumption of flights between Viet Nam and China, the Government Office announced Monday.
— VGP Government in Action

Vietnam to benefit most from global apparel manufacturing diversification
Vietnam, along with Bangladesh, Cambodia and Myanmar, is poised to benefit most from shifts in manufacturing in the apparel space, according to Fitch Solutions, a subsidiary of Fitch Group.
— The Hanoitimes

Is the supply chain shifting to Vietnam in a post-COVID-19 world?
Trade tensions between the US and China have been the talk of the town since the year 2018. With the two world powers undergoing a lengthy trade dispute, there are unending speculations on the impacts on both nations, and also the probable spillover effects on the Southeast Asian (SEA) countries.
— e27

New regulations about corporate bond issuance
The decree amends several points of the Decree No 163/2018/NĐ-CP dated December 4, 2018, about corporate bond issuance with new regulations tightened trading of privately-placed corporate bonds in the domestic market.
— Viet Nam News

With Hoa Lac High-tech Park, Hanoi aims to be a sci-tech hub
More investments in infrastructure of the Hoa Lac High-tech Park are needed to lure more investors.
— The Hanoitimes

Advancing US-Vietnam Relations: Past, Present, and Future
On July 11, the United States and Vietnam commemorated the 25th anniversary of the establishment of diplomatic ties between the two countries, which occurred under former U.S. President Bill Clinton in 1995 after grappling with the legacies of the Vietnam War.
— The Diplomat

Vietnam’s new immigration law to attract investment
Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed.
— Inquirer.net

Vietnam & UK Hold Talks On Strengthening Bilateral Strategic Partnership
The two ministers lauded their countries’ diplomatic relations and called for more efforts towards the signing of the Vietnam-UK free trade deal.
— Republic World

Vietnam poised for quick recovery once the global economy reopens
Two factors have combined to cushion the blow of Covid-19 on Vietnam’s economy, at least in comparison to other economies across Asia and the world. For one, the country was successful in containing the virus.
— Consultancy

Vietnam develops the Renewable Energy Industry
In the last decade, there is rapid growth in the energy industry in Vietnam. The need to use electricity in Vietnam has increased significantly due to an increase in the country’s economic growth.
— Market Research Posts

EU’s Free Trade Agreement (FTA) with Vietnam Leaves India Fuming
EU’s Free Trade Agreement (FTA) with Vietnam has come as a big blow to India. India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, commerce and industry minister Piyush Goyal said on Saturday.
— Eurasian Times

Vietnam – US trade increases 160 times after 25 years (Infographics)
Since the normalisation of bilateral relations 25 years ago, bilateral trade between Vietnam and the US has consistently increased. Vietnam ranks 16th among the US trade partners and the US is Vietnam’s third largest trade partner.
— VIR

UK Foreign Secretary thanks Vietnam for treating British COVID-19 patients
UK Foreign Secretary Dominic Raab on July 13 thanked Vietnamese authorities and doctors for their dedication in supporting and treating British citizens infected with the novel coronavirus.
— Vietnam Times

Rising price of pigs yields expansion across the board
The price of pigs in Vietnam, which while dropping remains much higher than before the global health crisis, is being deemed the main factor creating breakthrough profits for husbandry groups, while a deeper drop thanks in part to Thai imports has yet to materialise.
— VIR

VN-US ties tackling UXO in Quang Tri
VGP – US support for the war-torn central province of Quang Tri in settling the aftermath of war is substantial and the cooperation between the two is viewed by many international experts as a model for the region and the world, an insider has said.
— VGP Local Activities

One more COVID-19 case confirmed, total rises to 373
VGP – A 53-year old man returning from Russian has been confirmed the latest COVID-19 case in Viet Nam, raising the patient tally to 373, according to the National Steering Committee for COVID-19 Prevention and Control.
— VGP RSS Feed

Construction begins on new urban area in An Giang
Construction began on the Sao Mai Tây Cái Dầu New Urban Area project worth VNĐ1.2 trillion (US$52 million) in An Giang Province last Sunday (July 12).
— Viet Nam News

Vietnam says agrees to resume commercial flights to China
Vietnam has agreed to resume commercial flights to and from China after months of closure due to the coronavirus pandemic, the country’s ministry of transport said on Monday, noting the frequency and timing of flights was still being discussed.
— The Jakarta Post

Excluded sports seek reconsideration from Vietnam organizers
Several sports will make a case before Vietnam organizers after they were stricken out from the calendar for next year’s 31st Southeast Asian Games.
— Inquirer.net

COVID-19 Updates in Vietnam (July 14): Expanding isolation institutes for at least 10,000 plots
Infection case 373 is a male patient, 53 years old, addresses at My Dinh, Nam Tu Liem district, Hanoi. He returned to Vietnam on flight VN5062 from the Russian Federation on July 9 and was tested positive with the SAR-CoV-2 virus on July 12. Patient no.373 is now isolated and treated at Ca Mau centralized isolation institute.
— Vietnam Times

Long Sơn PIC to raise capital for new industrial park project
Long Sơn PIC will sell 65 million shares to Gelex Energy, a member of the Vietnam Electrical Equipment JSC (Gelex)
— Viet Nam News

Investing in automation will help logistics firms compete
As the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow.
— Viet Nam News

PNJ ranked among Việt Nam’s 50 best-performing companies
Phú Nhuận Jewelry JSC has been named among Việt Nam’s 50 best performing listed companies by Nhịp cầu u tư (Investment Bridge) magazine and Thiên Việt Joint Stock Company.
— Viet Nam News

HCM City keen to develop supporting industries
Global cordless power equipment and floor care company Techtronic Industries Co. Ltd. (TTI) earlier this month organised its first-ever Vietnam supplier workshop together with the Saigon High-Tech Park to look for local suppliers for its manufacturing facilities in Việt Nam.
— Viet Nam News

Thai Vietjet offers cheap fares
The discounted fares (excluding taxes and fees) are available between noon and 2pm at vietjetair.com and the mobile application Vietjet Air until Friday.
— Viet Nam News

VN-Index losses narrow in third straight losing session
The VN-Index edged down 0.07 percent to 868.11 points Tuesday, with total trading volume at its lowest level in the past month.
— VnExpress

UK Foreign Secretary thanks for VN’s devotion to cure British COVID-19 patients
VGP – Foreign Secretary Dominic Raab expressed thanks to Vietnamese competent authorities and health workers for their devotion to cure British nationals who were confirmed having COVID-19 in the Southeast Asian country.
— VGP RSS Feed

Central province to call for PPP investment in airport and sea port
The central province has proposed a Private-Public-Partnership (PPP) model for calling on investment from the private sector in two key projects – the Chu Lai Airport and sea port systems in the near future.
— Viet Nam News

Allow foreign ownership in fuel distribution, ministry proposes
The Ministry of Industry and Trade has proposed that fuel distributors be allowed to sell a maximum of 35 percent of their stake to foreign investors.
— VnExpress

Automobile market on track for recovery: VAMA
Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 24,002 automobiles in June, up 26 per cent compared to the previous month but down 13 per cent year on year.
— Viet Nam News

Capital Place – a new landmark grade A office building in Hanoi
Capital Place, the first Hanoi office building developed by Singaporean property heavyweight CapitaLand, will bring new standards to the city’s high-end office lease market, the firm says.
— VnExpress

What VN needs to do to attract quality FDI after Covid-19
Speeding up infrastructure development and improving ease of doing business and vocational training are among things Việt Nam can do to make itself more attractive to foreign investors post-Covid-19, according to investment fund VinaCapital.
— Viet Nam News

FPT Shop most engaging brand on Facebook in Vietnam: report
FPT Shop under FPT Retail, Vietnam’s second largest electronics retailer, has topped the list of 10 brands garnering the most interactions on Facebook.
— VnExpress

Shares drop on large-caps variation
Shares failed to maintain rally on Monday with market experiencing strong volatility with big variation in large-caps’ prices.
— Viet Nam News

Startup Impact Summit 2020 lends insight to break into Hong Kong startup industry in 2-day virtual conference
Startup Impact Summit 2020 (#SIS20), a part of StartmeupHK Festival 2020, has wrapped up its online conference.
— e27

Quy Nhơn Port affirms honest business results
The Quy Nhơn Port Joint Stock Company (code: QNP) affirmed that the company’s 2019 financial statements faithfully reflected its business results.
— Viet Nam News

Feature photo WorldSkills Asean Bangkok 2018
This week’s Vietnam morning news feature photo focuses on World Youth Skills Day, July 15, with an emphasis on World Skills Asean Singapore 2020.

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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