Vietnam morning news for June 5

Vietnam morning news for June 5

Vietnam morning news

Vietnam garment export value falls 14.5 pct in 5 months
Vietnam’s total textile and garment export value in the first five months of this year declined by 14.5 percent year-on-year to over 10.4 billion U.S. dollars, according to the country’s General Statistics Office on Thursday.
— Xinhua

Vietnam pension system world’s 57th best: report
Placed 57th out of 70 economies in a global ranking of pension system development, Vietnam lags most of its Southeast Asian peers.
— VnExpress

Vietnam’s automobile import down 29.7 pct in 5 months
Vietnam spent nearly 2.2 billion U.S. dollars on importing completely-built automobiles and components for assembly in the first five months of this year, posting a year-on-year decrease of 29.7 percent.
— Xinhua

ASEAN chair Vietnam proposes face-to-face summit in June: RI Foreign Ministry
Vietnam has made a proposal as this year’s ASEAN chair for the regional bloc to hold a physical summit later this month despite the COVID-19 pandemic, a senior official from the Indonesian Foreign Ministry has said.
— The Jakarta Post

Workers are returning to work, for now
Some 70,000-80,000 workers across the country have returned to work since the mass disruption caused by the novel coronavirus in Việt Nam, said deputy minister of labour, war invalids and social affairs (MOLISA) Lê Văn Thanh at an online conference held on Wednesday to discuss and share experience in job creation and sustainable business in the new.
— Viet Nam News

E-wallets owners must complete the identity verification before July 7
Deputy Governor of the State Bank of Việt Nam Đào Minh Tú has said July 7 is the deadline for e-wallet owners to complete the identity verification.
— Viet Nam News

Vietnam economy gradually reboots in May
The economy is slowly recovering from the impacts of Covid-19 and social distancing in April as rising consumption and manufacturing figures in May indicate.
— VnExpress

This Vietnam factory is producing some of Asia’s best cheese
When thinking of the world’s top cheese producers, Asia isn’t first to mind. But a factory outside of Dalat, a mountainous region in the Central Highlands of southern Vietnam, is handcraftting some of the finest in the region.
— CNN

IT industry purposely promoted in Vietnam
Vietnam has for long identified information – telecommunications development as one of its main contributions to the national growth, competitiveness boost, social management so that it can keep up with neighboring nations in the region, especially in the period from 2020-2025.
— Sggp News

Việt Nam sets ambitious plan for IT sector development
Việt Nam targets to have 10 localities with revenue of more than US$1 billion each from information and technology (IT) by the year 2025.
— Viet Nam News

Vietnam Post-Virus Recovery: Economy Soars
Vietnamese Prime Minister Nguyen Xuan Phuc looked very happy during a visit to an industrial park last weekend. He talked to workers about their health and examined the speakers being produced in factories.
— VOA

Where Should US Businesses Look to Diversify Their China Operations: Mexico Versus Vietnam
The US-China trade war has upended supply chains, forcing businesses to rethink business strategies and expansion plans.
— Vietnam-Briefing

Vietnam prepares defence industrial directives
The government of Vietnam has said it is preparing new policies and laws to support defence industrial development.
— Janes

Vietnam Private Security Market to Garner $1.29 Billion by 2027: Allied Market Research
Rapid urbanization, growth in risk of crime and terrorism, and notion of insufficient security drive the growth of the Vietnam private security market.
— Global Newswire

HCM City’s IPs, EPZs let down by lack of infrastructure
Many industrial parks and export processing zones in HCM City lack sufficient infrastructure since authorities’ failure to pay compensation for lands has meant they have been unable to acquire and clear them.
— Viet Nam News

More monetary easing measures forecast in 2020
The State Bank of Việt Nam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 per cent this year in light of a weak economic outlook, experts forecast.
— Viet Nam News

Talking shop: UK businesses see ‘new investment opportunities in Việt Nam despite pandemic’: envoy
The COVID-19 pandemic has had a strong impact on the global economy, including Việt Nam. The country has however been a safe destination for foreign investors thanks to its successful efforts to control the outbreak.
— Viet Nam News

Seafood sectors urged to diversify products
Since the beginning of the year, exports of the two main seafood products of Viet Nam in tra (pangasius) fish and shrimps have declined sharply.
— Viet Nam News

COVID-19 pandemic delays conversion of payment cards into chip cards
Banks have embarked on the conversion of magnetic payment cards into chip cards for greater security, but the Covid-19 pandemic has significantly slowed down their efforts, making it difficult for them to meet the deadline.
— Viet Nam News

This mountainous region of Vietnam produces some of the best cheese in Asia
Once the mist clears over the hilly mountaintops, green is all you can see in Dalat, a mountainous region in the Central Highlands of southern Vietnam.
— CNN

The paradoxes of private sector development in Vietnam
State-owned enterprises were viewed as a dominant contributor to the development of Vietnam’s economy. But because the state sector is inefficient, and Vietnam is increasingly integrating internationally, the private sector is growing.
— East Asia forum

Vietnam considers welcoming tourists
VIETNAM is considering opening up its borders to tourists from countries and territories since there have been no new cases for at least 30 days.
— New Straits times

Vietnam Rooftop Solar Development 2020
Vietnam is no doubt one of the hottest renewable energy market in this world. One year ago, an incentive-driven commission rush of 5GW solar projects has put Vietnam on the stage of the world’s most active market.
— PV Magazine

Bình Sơn Refining and Petrochemical files for HNX listing
The company plans to list more than 3.1 billion shares on the northern stock market, representing its charter capital of VNĐ31 trillion (US$1.34 billion)
— Viet Nam News

Markets rise on the back of large caps, banks
Vietnamese shares tracked global markets higher on Wednesday, led by gains in banking stocks.
— Viet Nam News

Enterprise arrangement and development support fund to be abolished
The Ministry of Finance has proposed the collection from the restructuring of State-owned enterprises (SOEs) to go directly to the State budget instead of the Enterprise Arrangement and Development Support Fund in an effort to improve the efficiency in using this revenue.
— Viet Nam News

Việt Nam to have second mobile virtual network operator
The seventh telecom provider in the country, the new network will be launched with a new prefix number and use the mobile phone infrastructure of the State-owned Việt Nam Posts and Telecommunications Group (VNPT), which boasts among the best coverage and quality in the country.
— Viet Nam News

Deputy PM urges allocation of funding for pre-feasibility study of high-speed railway
Deputy Prime Minister Trịnh Đình Dũng has urged relevant ministries to allocate sufficient investment capital for the appraisal of the pre-feasibility study report of the North – South high-speed railway project.
— Viet Nam News

‘Social, conversational’ commerce on the rise as consumer behaviour changes during COVID-19
Consumer behaviour has changed greatly during the COVID-19 pandemic, opening up opportunities for businesses that can capitalise on the changes, a recent survey has found.
— Viet Nam News

HN declares emergency over erosion in Chương Mỹ
Hà Nội’s People’s Committee has officially declared an emergency over erosion in some communes of Chương Mỹ District.
— Viet Nam Net

Quy Nhơn Port opens transport service route to Northeast Asia
The port of Quy Nhơn launched a direct transport service to Northeast Asia on Wednesday
— Viet Nam News

South Korean firm buys 25 per cent of Imexpharm
SK Investment Vina III, the investment arm of SK Group, purchased 12.32 million Imexpharm shares on May 29.
— Viet Nam News

VAMC targets to settle VNĐ50 trillion bad debts this year
The Việt Nam Asset Management Company (VAMC) targeted to settle bad debts worth totally VNĐ50 trillion (US$2.15 billion) this year.
— Viet Nam News

Hidden Saigon tour company’s owner on the impact of COVID in Vietnam
It’s June 2020 and Vietnam has been combatting COVID-19 since the end of January. As of today, we have 328 confirmed cases, 293 recovered and 0 deaths. Life in Saigon seems to be back to relative normality here.
— Eat North

British COVID-19 patient no longer reliant on ECMO
VGP – British COVID-19 patient was disconnected from a life support machine called the Extracorporeal Membrane Oxygenation (ECMO) following signs of recovery since Thursday morning, according to the National Steering Committee on COVID-19 Prevention and Control.
— VGP RSS Feed

Enjoying incentives, prices of domestically-produced cars expected to drop
The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.
— Viet Nam News

 

 

Feature photo Aeon Mall Vietnam
This week’s Vietnam morning news feature photo focus on World Environment Day, June 5.

 

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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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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