Vietnam Morning News For June 26, 2020

Vietnam’s Support Policy to Recover Economy: Resolution 84
In a bid to further support businesses and spur economic growth post COVID-19, the government issued Resolution 84 to reduce administration fees for several sectors.
— Vietnam Briefing

Vietnam welcomes first Japanese business flyers since reopening
About 440 Japanese nationals with business ties in Vietnam will arrive in the Southeast Asian nation by Saturday after being barred from entry for months due to travel restrictions enacted to fight the coronavirus pandemic.
— Nikkei Asian Review (paywall)

Vietnam not ready to reopen doors to foreign tourists: PM
With Covid-19 still affecting many countries, Vietnam is not yet ready to open up to international tourists, PM Nguyen Xuan Phuc said Wednesday.
— VnExpress

Vietnam Red Cross Society plays active role in the response to COVID-19 pandemic in Vietnam
In the fight against the COVID-19, Vietnam is widely recognized as one of very few countries to successfully control the spread of the pandemic with early effective responses and preventive measures.
— Reliefweb

Vietnam should develop gambling industry to boost tourism
If Vietnam legalises sports betting, billions of dollars could be recouped for the country and help boost tourism post-COVID-19.
— VIR

Vietnam’s Southern Key Economic Region: Opportunities for Investment
Relocating or supplementing your investment into Vietnam can be challenging for first-time investors looking to manufacture in the country.
— Vietnam Briefing

SMEs need support as EVFTA takes effect
The opening of the domestic market as committed in the EU – Việt Nam Free Trade Agreement (EVFTA) will lead to the strong penetration of foreign businesses to expand their retail chains in the country.
— Viet Nam News

Digiworld named as a distributor of Apple products in Vietnam
Digiworld Corporation will start selling Apple products from the end of this month, the company’s chairman and general director confirmed with Vietnam News.
— Vietnam Insider

Vinatex predicts 50% drop in profit before tax this year
Việt Nam National Textile and Garment Group (Vinatex), stock code VGT, predicts its consolidated profit before tax this year to reduce by a half to VNĐ382 billion (US$16.5 million) year on year due to negative impacts from the COVID-19 pandemic.
— Viet Nam News

Process supervision can end licence limbo
Along with luring in new foreign investment inflows, one of the major tasks for the government is to tackle oversights in regards to foreign-invested projects without construction licences.
— VIR

Two Vietnamese universities listed in global U50 ranking, among the best young universities in the world
Two Vietnamese universities have recently made it into the Quacquarelli Symonds (QS) Top 50 Under 50 2021, which ranks the world’s best universities which have been established within the past 50 years.
— Vietnam Times

If allowed to enter Vietnam, are you ready to pay for quarantine services?
Vietnam’s Ministry of Finance has mooted that the country begin charging people for costs related to novel coronavirus disease (COVID-19) quarantine.
— Vietnam Insider

Workers need to multi-task and apply technology innovation post-covid depression
A global economic recession caused by the COVID-19 pandemic might put Việt Nam’s economy at stake due to its strong dependence on partner countries and the international trade environment, according to a recent rapid assessment report issued by the Việt Nam Chamber of Commerce and Industry (VCCI) in collaboration with the Australian Aid and Logistic Vocational Training Advisory Board (LIRC).
— Vietnam Insider

Vietnam doesn’t need to hide data on the Covid-19 pandemic
Amid the global rising infections, Vietnam’s authorities have attempted to keep the case count below 1,000.
— Vietnam Insider

Vingroup starts mass production of ventilators
Vinsmart, the electronics arm of Vingroup, is starting mass production of ventilators both for the domestic market and export after its model, known as VFS-510, was approved by the Ministry of Health.
— Vietnam Insider

Circular about origin rules in EVFTA issued
Minister of Industry and Trade Trần Tuấn Anh has signed to issue the Circular 11/2020/TT-BCT about rules of origin in the European Union – Việt Nam Free Trade Agreement (EVFTA).
— Viet Nam New

HCM City leader hosts US Ambassador
Secretary of HCM City Party Committee Nguyen Thien Nhan received US Ambassador to Vietnam Daniel Kritenbrink on Tuesday.
— VIR

Việt Nam equity market draw back foreign bettors
Investment funds including Ashmore Group Plc and Coeli Asset Management SA have increased holdings in the US$174 billion market since March, while foreign investors have returned to net buying so far this month, the first time since January.
— Viet Nam News

Domestic air travel sees full recovery post-COVID-19
Nội Bài International Airport has reported full recovery of domestic flights compared to before the COVID-19 pandemic as travel demand is increasing following stimulus efforts by the Government and airlines.
— Viet Nam News

Digiworld poised to sell Apple products
Digiworld Corporation will start selling Apple products from the end of this month, confirmed Đoàn Hang Việt, the company’s chairman and deneral director, said on Wednesday.
— Viet Nam News

Shrimp exports to Canada rise steadily
Shrimp exports to Canada as of mid-May had reached US$54.7 million, a 32 per cent increase year-on-year, following steady increases since 2016, aside from a slight dip last year, according to the Việt Nam Association of Seafood Exporters and Producers.
— Viet Nam News

VN stocks decline on profit-taking, market caution
The benchmark VN-Index on the Ho Chí Minh Stock Exchange (HoSE) dropped nearly 1.0 per cent to close at 859.71 points, totalling a two-day decline of 1.33 per cent.
— Viet Nam News

Quảng Bình targets to attract US$1.5b in the next 10 years
The north central coastal province of Quảng Bình has set the target of attracting a total of US$1.5 billion in foreign direct investment (FDI) by 2030, according to the provincial Department of Planning and Investment.
— Viet Nam News

Three more COVID-19 cases confirmed, total rises to 352
VGP – Three more people returning from Kuwait have been confirmed the latest COVID-19 cases in Viet Nam, raising the patient tally to 352, the National Committee for COVID-1 Prevention and Control said Wednesday afternoon.
— VGP RSS Feed

Việt Nam still attractive to foreign investors
Nhất Hoàng, director-general of the Foreign Investment Agency under the Ministry of Planning and Investment, spoke to Vietnam News Agency on the factors that make Việt Nam an attractive place for foreign investors
— Viet Nam News

Việt Nam should develop a gambling industry to boost tourism
With a large development potential of prize-winning entertainment industry such as horse racing and sports totalised and casino, Việt Nam can add some billion of greenback to the budget each year and boost the COVID-19 affected tourism
— Viet Nam News

Vietnam shows ASEAN valuable new form of leadership
With no one country out in front, it makes sense for members to pick specific areas.
— Nikkei Asian Review (paywall)

Reform must focus on removing inconsistencies, overlaps in business regulations: VCCI
It is critical for Việt Nam to focus on removing inconsistencies and overlaps in business regulations to create a favourable climate for enterprises, attendees heard at a conference held by the Việt Nam Chamber of Commerce and Industry (VCCI) on Wednesday in Hà Nội.
— Viet Nam News

HSC forecasts revenues and profits to rise
The targets were announced at the company’s the 2019 Annual General Meeting of Shareholders held on Tuesday in HCM City.
— Viet Nam News

Reforms towards digitalisation help ease pandemic pain
The COVID-19 pandemic constitutes an unprecedented challenge with severe socio-economic consequences. Nguyen Kim Hùng, deputy head of the Science Institute on Small-and-medium Enterprises Management (SISME), Chairman of the Board of Kim Nam Group, speaks to Việt Nam News reporter Nguyen Linh Anh about institutional difficulties confronting businesses.
— Viet Nam News

VietinBank to sell 50 per cent of capital in Vietinbank Leasing
The bank will sell 49 per cent of its capital in Vietinbank Leasing to Mitsubishi UFJ Lease & Finance Co Ltd and 1 per cent to another domestic investor.
— Viet Nam News

Customs enhances supports for enterprises
The General Department of Customs will promote further administrative reforms relating to tax and customs to help import/export businesses during and after the COVID-19 pandemic.
— Viet Nam News

Hà Nội Gift Show 2020 to open in October
The annual Hà Nội Gift Show 2020, an international fair for gifts and handicrafts, is scheduled to take place from October 15-18.
— Viet Nam News

Nghệ An police uncover wildlife trafficking ring from Lao to Việt Nam
Police in the central province of Nghệ An on Tuesday seized a man carrying dozens of animals which were allegedly smuggled from Laos to Việt Nam for consumption in Châu Bình Commune, in the province’s Quỳ Châu District.
— Viet Nam Net

PM reaffirms guideline of fending off second COVID-19 wave
VGP – Prime Minister Nguyen Xuan Phuc reaffirmed the guiding viewpoint of fending off the second COVID-19 wave in order to pursue the dual goal of the pandemic containment and economic recovery, while addressing a meeting on COVID-19 on Wednesday.
— VGP Government in Action

Manulife Vietnam, Cộng Đo”ng Bầu sign 5-year partnership agreement
Manulife Vietnam and Cộng Đo”ng Bầu (Pregnant Woman Community) have signed a five-year deal to empower families to take control of their financial future.
— Viet Nam News

ASEAN Foreign Ministers adopts six reports at informal meeting
VGP – Six reports from the ASEAN Secretary General and community pillars submitted to the upcoming 36th ASEAN Summit were adopted at the 26th ASEAN Coordinating Council Meeting, held online in Ha Noi on June 24 under the chair of Deputy Prime Minister, Foreign Minister Pham Binh Minh.
— VGP Government in Action

Feature photo Electronic portal of Hai Phong city
This week’s Vietnam morning news feature photo focus on United Nations Public Service Day , June 23.

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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