Vietnam morning news for July 2

Vietnam morning news for July 2

Vietnam morning news

Vietnam Railways estimates a $60 million loss due to pandemic
Vietnam Railway Corporation (VNR) estimates a loss of nearly VNĐ1.4 trillion (US$60 million) after tax in 2020, a massive blow to the company due to impacts of the COVID-19 pandemic.
— Viet Nam News

Vietnam extends temporary stay permits for foreigners as Covid-19 continues
Foreigners who entered Vietnam as of March 1 but still stuck due to Covid-19 pandemic’s travel restrictions can have theirs temporary stay permits extended one more month until July 31.
— Vietnam Times

Vinh Phuc invests technical infrastructure to lure investors
Vinh Phuc province is making an effort to complete technical infrastructure while simultaneously accelerating investment promotion programmes in order to attract potential investors, especially foreign-invested enterprises after the pandemic.
— VIR

Lychees from Vietnam hit shelves in Singapore
Vietnamese lychees have officially gone up for sale in Singapore’s FairPrice supermarket chain, making this the first year when the specialty fruit has been imported from the Southeast Asian country on a large scale.
— Fresh Plaza

Vietnamese lychee exports to Japan offer great opportunities
A representative from Japan’s AEON supermarket stated that, in order to ensure optimum quality of the imported goods from Vietnam, fresh lychees sold at the supermarket were transported by air between late May and late June.
— Fresh Plaza

Vietnam pledges to ensure human rights amid global pandemic
Ambassador Le Thi Tuyet Mai, head of the Permanent Mission of Vietnam to the UN, WTO, and other international organisations in Geneva, reaffirmed Vietnam’s unwavering commitment to promoting human rights and highlighted the country’s effective and timely measures taken to combat COVID-19 pandemic.
— Vietnam Times

Vietnam prepares to put indigenous Covid-19 vaccine on human trial
The Company for Vaccine and Biological Production (VABIOTECH) under the Ministry of Health had two trial injection phases on lab mice, that produced good results and the facility is planning to conduct a trial of the Covid-19 vaccine on human.
— Vietnam Times

Pay rises hinging on recovery policy
If adopted, an increase in the region-based minimum wage for non-state employees next year will further pressurise local businesses, almost all of which are making efforts to deal with the aftermath of the global health crisis.
— VIR

Agro-forestry-fishery exports hit US$19 billion in six months
VGP – Viet Nam’s export value of agricultural, forestry and aquatic products reached US$18.81 billion in the first half of 2020, a year-on-year decrease of only 3.4%, according to the Ministry of Agriculture and Rural Development (MARD).
— VGP Ministerial Activities

Banks step up bad debt resolution
Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impacts of the COVID-19 pandemic.
— Viet Nam News

HCM City seeks faster switch to cashless payment
Nguyen Anh Đức, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 per cent to nearly 21 per cent now.
— Viet Nam News

CapitaLand Vietnam appoints new CEO
CapitaLand Limited has appointed a new CEO in its core market of Việt Nam as part of its ongoing leadership development and renewal process.
— Viet Nam News

AFCP project to preserve UNESCO Heritage Site in Thanh Hoa
VGP – US Ambassador to Viet Nam Daniel J. Kritenbrink marked the completion of a project to preserve the South Gate of the Ho Citadel, which was funded under the Ambassador’s Fund for Cultural Preservation (AFCP).
— VGP Local Activities

Squid, octopus exports down 21.2 per cent
Squid and octopus exports fell by 21.2 per cent year-on-year in the first five months of the year to US$192 million as demand was hit by COVID-19, according to the Việt Nam Association of Seafood Exporters and Producers.
— Viet Nam News

VN to create “Miracle on the Red River” with implementation of Doi Moi 4.0
VGP – The Vietnamese Government has made bold and reasonable decisions to fight against the COVID-19 pandemic and be proactive with comprehensive initiatives for economic recovery.
— VGP RSS Feed

Int’l visitors to VN plummet 55.8% in H1
VGP – The number of international arrivals to Viet Nam in the first six months of 2020 decreased sharply by 55.8%, according to the General Statistics Office.
— VGP Ministerial Activities

VN reports no new community infection cases in 75 consecutive days
VGP – Viet Nam has gone 75 days without any COVID-19 infections found in the community, said the National Steering Committee on COVID-19 Prevention and Control.
— VGP Ministerial Activities

Hà Nội devises two growth scenarios for second half of year
In the first and the most optimistic scenario, the capital could achieve a growth rate of 5.9 per cent.
— Viet Nam News

Agriculture ministry bullish on export targets despite pandemic
Though export turnover in the first half decreased, the ministry is still determined to reach the target of total export turnover of $41 billion for 2020.
— Viet Nam News

Administrative reforms would help unlock EVFTA’s potential: EuroCham
Administrative procedure reform is the key to unlocking the full potential of the Europe-Việt Nam Free Trade Agreement (EVFTA), said participants at a conference on Tuesday.
— Viet Nam News

725th online public service on National Public Service Portal makes debut
VGP -The 725th online public service on certifying electronically copies of original documents and some necessary online public services on the National Public Service Portal since the second quarter of 2020 made debut on July 1.
— VGP Ministerial Activities

Forest fire in Nghệ An extinguished
A forest fire that raged for six hours in the central province of Nghệ An was finally extinguished on Tuesday morning.
— Viet Nam Net

Dialogue discusses wildlife management and protection policies
Strengthening legislation and communication to reduce demand for illegal wildlife products was the main theme of a dialogue held by the U.S. Agency for International Development (USAID) and the National Assembly’s Office on Tuesday in Hà Nội.
— Viet Nam Net

Long An co-operates with Lavi Agri to consume red dragon fruit
The Long An Dragon Fruit Association signed a co-operation agreement with Lavi Agri Company Limited on purchasing and consuming red dragon fruit in the province’s Châu Thành and Tân Trụ districts on Monday.
— Viet Nam News

Insurer Bảo Việt forecasts lower profit, similar revenue in 2020
Post-tax profit is projected to drop 5 per cent year-on-year to VNĐ1.18 trillion.
— Viet Nam News

More than 29,000 enterprises temporarily suspend businesses in first half of year
Up to 19,600 enterprises stopped operation and are waiting for dissolution procedures, down 10.2 per cent over last year.
— Viet Nam News

EVFTA a big opportunity for firms after COVID-19 shock: ministry
The European Union Free Trade Agreement (EVFTA) will create significant opportunities for Vietnamese firms to recover and develop after the COVID-19 pandemic, Deputy Minister of Industry and Trade Trần Quac Khánh said at a conference on Monday in Hà Nội.
— Viet Nam News

VN posts trade surplus of US$4 billion in H1
VGP – Viet Nam reported an estimated trade surplus of US$500 million in June, expanding the country’s trade surplus to US$4 billion in the January – June period, compared to the US$1.7-billion surplus recorded in the same period last year, the General Statistics Office (GSO) has said in a monthly report.
— VGP Ministerial Activities

Patents in Việt Nam increase 56 per cent
The number of patents has increased by 56.7 per cent in the first five months of this year compared to the same period last year.
— Viet Nam News

Masan seeks to become leading retail-consumer conglomerate
Masan Group Corporation (HOSE: MSN) targets net revenues of VNĐ75-85 trillion (US$3.2-3.64 billion) this year, a year-on-year increase of 101- 128 per cent.
— Viet Nam News

Nearly 540,000 jobs created in first half
VGP – Nearly 540,000 jobs were created in the first half of 2020, reaching 35.6% of the plan and equal to 73.8% of the same period last year, according to the Ministry of Labor, Invalids and Social Affairs.
— VGP Ministerial Activities

DPM asks Mekong Delta localities to hasten ODA, preferential loan disbursement
VGP – Deputy Prime Minister Pham Binh Minh on June 30 held a working session with five localities in the Mekong Delta to tackle difficulties and obstacles in launching projects from the Official Development Assistance (ODA) and preferential loans.
— VGP Government in Action

Steering Committee: VN willing to work with countries in COVID-19 vaccine research, production
VGP – The National Steering Committee on COVID-19 Prevention and Control on June 30 held a working session with representatives of the World Health Organization (WHO) in Viet Nam and some international organizations on the pandemic fight in the upcoming time.
— VGP Government in Action

MSR changes name, to go global
Shareholders of Masan Resources (MSR) approved a number of proposals at its annual general meeting in HCM City on Monday, including a change in the company’s name to Masan High-Tech Materials as part of a strategy to go global and take its business to the next level and provide hi-tech and innovative solutions to global customers.
— Viet Nam News

VN records positive growth amid gloomy global forecasts
Việt Nam’s gross domestic product (GDP) expanded 1.81 per cent year-on-year during the first half of this year, the lowest six-month growth pace since 2011, according to the General Statistics Office (GSO).
— Viet Nam News
A promising future for Việt Nam after COVID-19

With an increasingly open business environment, and continuing international integration, Việt Nam has long been regarded as a promising destination for foreign investment.
— Viet Nam News

PM approves list of SOEs for divestment in 2020
Prime Minister Nguyen Xuân Phúc has approved a list of 124 State-owned enterprises (SOEs) for divestment this year.
— Viet Nam News

VN stocks fall for sixth straight day
The VN-Index has lost a total of nearly 5.30 per cent in the last six trading days since June 22
— Viet Nam News

British pilot recovering well, no new community cases in 76 straight days
VGP – The British pilot, the most critically ill COVID-19 patient in Viet Nam ( patient numbered 91) is recovering very well and will be soon coming back to his homeland, the National Steering Committee said on early Wednesday.
— VGP Ministerial Activities

 

 

Feature photo Electronic portal of Hai Phong city
This week’s Vietnam morning news feature photo focus on
Asean’s frontline healthcare workers in the battle against COVID-19. 

 

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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