Vietnam morning news for March 10

Vietnam morning news for March 10

Vietnam morning newsVietnam Suspends Visa Exemptions for 8 European Nations
Premier Nguyen Xuan Phuc suspended the visa waivers for eight European countries amid growing concerns about the novel coronavirus outbreak.
Bloomberg

Vietnam to have trade defence early warning system by 2025
Vietnam plans to develop an early warning system for trade defence by 2025, aiming to promote sustainable exports.
— The Star Online

Vietnam Vows to Punish Hiders of Coronavirus After New Cases
Vietnamese authorities vowed Monday to punish anyone concealing sickness after 13 people caught the deadly new coronavirus on a flight to Hanoi, sparking lockdowns and panic-buying in the capital.
— VOA

Trade, Security Issues to Dominate Vietnam’s ASEAN Tenure
Vietnam chairs the Association of Southeast Asian Nations, or ASEAN, this year, with trade and security expected to top the agenda.
— VOA

Leong Hup buys feedmill in Vietnam for RM67.03mil
Leong Hup International Bhd (LHI) has acquired a feedmill in Vietnam including its equipment, machineries and motor vehicles, for RM67.03 million.
–New Straits Times

Time runs out for Vietnam’s firms to meet EVFTA rules
Time is running out for Vietnamese garment, textile and footwear businesses to get prepared to face difficulties and take advantage of the opportunities arising out of the European Union-Vietnam Free Trade Agreement (EVFTA), which may officially come into force in July. The government too needs to continue promoting restructuring and facilitating the adaptation.
— Fibre2fashion

Banks cut savings rates to ensure lower-interest loans amid Covid-19 epidemic
A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the Covid-19 outbreak.
— Viet Nam News

Vietnam’s well-timed measures to bolster coronavirus-hit businesses
A string of measures aimed at supporting enterprises seriously affected by the coronavirus outbreak are expected to be introduced in March, including a credit package of VND250 trillion (US$10.8 billion) and a fiscal package of VND30 trillion (US$1.3 billion).
— NDO

Bạc Liêu wind power plant marks one billionth kWh
Financed by Công Lý construction-trade-tourism company headquartered in Cà Mau Province, the plant costs more than VNĐ5.2 trillion (US$223 million at the current exchange rate).
— Viet Nam News

Vietnam to ban wildlife trade following conservationists’ demand
The government has paid heed to a plea by conservationists to ban wildlife trade and consumption.
— VnExpress

HCM City records $480m of FDI in first two months
More than US$480 million worth of foreign direct investment (FDI) was poured into HCM City during the first two months of the year, which was equal to 47 per cent of FDI in the same period last year.
— Viet Nam News

Netflix tops streaming services in Vietnam
Netflix remains the only foreign player among the top five video streaming services in Vietnam, where the market is dominated by FPT Play.
— VnExpress

Garment firms shift to produce antibacterial masks to meet demand
Amid the coronavirus epidemic, many textile businesses in Viet Nam have shifted to producing antibacterial masks to serve market demand.
— Viet Nam News

Model change needed to improve corporate governance
According to the International Finance Corporation, companies with good corporate governance report their return-on-equity ratios are three times the ratios at worse-governed companies
— Viet Nam News

Vietnam tops globe in women’s leadership progress
Vietnam tops the world in terms of gender parity initiatives at senior levels in business establishments, a new report says.
— VnExpress

Support packages take effect, but need to be stronger
Support packages from the Government and banks would contribute to partly reducing difficulties for enterprises affected by COVID-19, but stronger measures should be taken for the most hard-hit industries, experts said.
— Viet Nam News

$564 million poured in Đà Nẵng Hi-tech Park
Having launched as a hub for green and hi-tech investment in 2013, the Đà Nẵng Hi-Tech Park has lured 18 investment projects, of which nine foreign direct investment (FDI), with total US$564 million. Six projects including four FDI and two domestic investors were already put into operation.
— Viet Nam News

Vietnam exports processed chicken to Russia
A chicken processing factory in Chuong My district, Hanoi, has become the first business in Vietnam to be licensed to export processed chicken products to Russia.
— NDO

Fresh water sent to areas hit by saltwater intrusion
Fresh water supplies are being transported from HCM City to Mekong Delta provinces that have been affected by severe saltwater intrusion during the dry season.
— Viet Nam Net

New policy expected to provide boost to ride-hailing services
The Ministry of Transport will bring to a close the pilot scheme for electronic contract-based passenger transportation, popularly known as ride-hailing services, on March 31.
— Viet Nam News

COVID-19 outbreak to cost Việt Nam 0.41% of GDP: ADB
Việt Nam is forecast to lose some 0.41 per cent of GDP due to the novel coronavirus (COVID-19) outbreak, according to the latest report of the Asian Development Bank (ADB).
— Viet Nam News

Russia to import Việt Nam’s processed chicken
The Russian Federal Service for Veterinary and Phytosanitary Surveillance (VPSS) has allowed the import of Việt Nam’s processed chicken into Russia, according to the Ministry of Agriculture and Rural Development’s Department of Animal Health on Sunday.
— Viet Nam News

UAE industrial giant extends Vietnam alumina supply deal
Emirates Global Aluminium will continue to buy up to 300,000 tonnes of alumina from Vinacomin each year to 2023.
— Arabian Business

San Diego-Based Aircraft Carrier, Cruiser Visit Vietnam to Mark Diplomatic Ties
The San Diego-based aircraft carrier USS Theodore Roosevelt and guided-missile cruiser USS Bunker Hill arrived in Da Nang last week for a scheduled visit to commemorate 25 years of U.S.-Vietnam diplomatic relations.
— Times of Sandiego

Cybersecurity in Việt Nam saw positive changes in 2019
The number of detections of web threats in Việt Nam fell by more than 30 per cent last year compared to 2018, with 75 million different Internet-borne cyberthreats, according to Kaspersky Security Network (KSN) 2019.
— Viet Nam News

Vietnam’s volcanic island corks tourism as coronavirus threatens to erupt
Quang Ngai Province has temporarily banned foreign tourists entering Ly Son Island starting Monday as Covid-19 infections spiral.
— VnExpress

Shrimp exporters in Mekong Delta face challenges amid Covid-19 epidemic
Shrimp is a key export item of many provinces in the Cửu Long (Mekong) River Delta, but the Covid-19 epidemic has caused challenges for exporters.
— Viet Nam News

Aviation sector strives to navigate COVID-19 outbreak
Airlines in Vietnam are looking at ways to overcome the impact of the COVID-19 outbreak after seeing declining passenger numbers.
— VietnamPlus

Derivative aluminium, steel exporters urged to consider request for tax exemption
Firms which exported derivative aluminium and steel to the US needed to work with their partners on requesting tax exemption in case their products satisfied conditions for exclusion, according to the Trade Remedies Authority of Việt Nam.
— Viet Nam News

Grab to support Viet Nam’s startup ecosystem
Grab has launched the Grab Ventures Ignite (GVI), an accelerator programme for early-stage startups, as part of the Grab for Good Development roadmap in Viet Nam which aims to create greater social and economic benefits for the country through technology.
— Viet Nam News

Vietnam to splash out $15 mln in Mekong Delta drought fight
About VND350 billion ($15.16 million) would serve to combat drought and salt intrusion in five Mekong Delta provinces, said Prime Minister Nguyen Xuan Phuc.
— VnExpress

Warning for VN stocks after new infection reports
The Vietnamese stock market would struggle to hold on to its threshold as analysts are afraid the market sentiment could worsen after new coronavirus-infected cases were reported over the weekend.
— Viet Nam News

Vietnam’s e-commerce startup Leflair accused of owing US$2M to suppliers
Business Vietnam’s e-commerce platform Leflair allegedly owes US$2M liabilities to suppliers, customers Leflair Vietnam, an e-commerce startup which ceased its local operations in February, is accused of owing US$2 million in liabilities to around 500 of its suppliers and many customers,
— e27

COVID-19 in Vietnam: Travel Updates and Restrictions
In light of the recent COVID-19 outbreak, Vietnam has imposed several travel restrictions on those entering the country. As of March 8, Vietnam had confirmed 30 cases of the coronavirus, though 16 of the patients had recovered.
— Vietnam-Briefing

Gold prices climb in the market
Global gold prices pushed above the US$1,700 per ounce level for the first time since late 2012 on Monday, when local gold prices also soared.
— Viet Nam News

Water management needs to be flexible
Châu Trần Vĩnh, deputy director of the Water Resources Management Department, under the Ministry of Natural Resources and Environment, talks to Nhân Dân newspaper about the need to adopt a flexible plan to cope with the severe droughts in the Mekong Delta
— Viet Nam Net

Việt Nam start-ups continue to pull in investment
Investment in Vietnamese start-ups is growing sharply with millions of dollars pledged in 2019 and the first two months of 2020, according to Singaporean venture capital firm Cento Ventures.
— Viet Nam News

Russian firm proposes to export meat to Việt Nam
Việt Nam and Russia have signed seven cooperation documents on animal health, quarantine, plant protection and food safety.
— Viet Nam News

 

 

Feature photo City Buskers : An Ode to Asia

This week’s Vietnam morning news feature photo focus on street musicians around Asean.

 

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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