Vietnam morning news for March 6

Vietnam morning news for March 6

Vietnam morning news

EVN needs VNĐ93.2 trillion for power projects this year
Vietnam Electricity (EVN) needs total investment capital of VNĐ93.2 trillion (US$3.97 billion) for power projects this year and it will focus all resources to ensure the progress of such projects, according to the group.
— Viet Nam News

Vietnam Air Passengers Quarantined on Virus Exposure Threat
Twelve crew members and 51 out of 73 passengers on a Vietnam Airlines flight from Nagoya in Japan to Ho Chi Minh City were placed in quarantine on fears the carrier’s employees had been exposed earlier to a Japanese traveler with the novel coronavirus.
— Bloomberg

Vietnam Eyes Rapid Buses as Tech Shakes Up World’s Public Transit
Ho Chi Minh City is building a bus rapid transit system, in hopes of weaning Vietnam’s public away from their increasingly complex menu of transport choices.
— VOA

Is Vietnam Sending Its Maritime Militia to China’s Coast?
In recent weeks, hundreds of Vietnamese fishing boats have gathered near China’s Hainan province, site of a sensitive military base.
— The Diplomat

Vietnam Culls 137,000 Birds to Contain Avian Influenza Outbreaks
Vietnam has so far this year culled 137,180 birds to contain the spreading of bird flu outbreaks, the government said on Thursday.
— New York Times

Vietnam highway construction project facing halt
Work may be halted on the Ben Luc-Long Thanh expressway project in Vietnam. The problem is that the construction costs have increased over the original budget. Building the expressway is now expected to cost US$70 million more than had been originally planned.
— World Highways

Vietnam Considers Allowing Margin Trading on Over-the-Counter Market
In another effort to boost liquidity, Vietnam is considering allowing margin trading on a regulated over-the-counter market.
— Bloomberg

Vietnam looks to build Asean community by 2025
Vietnam is strongly committed to completing the role of Asean Chair in 2020, promoting the Asean community and foreign affairs as well as improving the working way of Asean.
— AsiaNews

Vietnam banks to offer US$12.3 billion coronavirus support package
The new initiative is higher than the US$10.8 billion package planned earlier and mentioned at a State Bank of Vietnam (SBV) business conference held in Hanoi on March 2, as reported on March 5 by Banking Times, a SBV publication.
— The Asset

Vientiane-Đà Nẵng flight to launch in late March
Lao Airlines will launch a direct air route between Đà Nẵng and Vientiane, capital of Laos, with three flights per week from March 29.
— Viet Nam News

What Does a Second Aircraft Carrier Visit Mean for US-Vietnam Relations?
This week, a U.S. aircraft carrier will make a port call in Vietnam’s coastal city of Da Nang – just the second visit of its kind since the end of the Vietnam War, following the first in early 2018. Though the move has long been in the works and is just a single engagement, it nonetheless bears noting given its significance for U.S.-Vietnam ties and Washington’s regional approach more generally.
— The Diplomat

Vietnam to beef up fight against illegal fishing
Minister of Agriculture and Rural Development Nguyễn Xuân Cường has urged 28 coastal provinces to promote further actions against illegal, unreported and unregulated (IUU) fishing.
— The Star Online

BIDV, Vietcombank, and Samsung among the top brands in Vietnam fighting the COVID-19
Isentia’s rankings report is based on how mainstream media covers brands that are fighting the coronavirus and rates their performance across Strategy, Culture, Delivery – the three pillars of Isentia’s Reputation Framework.
— Yahoo News

Vietnam Reinforcement Materials Market Analysis Growth Factors and Competitive Strategies by Forecast 2024
According to a new report published by Allied Market Research, titled, Vietnam Reinforcement Materials Market, by Material Type and End User: Opportunity Analysis and Industry Forecast, 2018-2024,” the Vietnam reinforcement materials market was $49,453 thousand in 2017 and is expected to reach $84,478 thousand by 2024, expanding at CAGR of 7.9% from 2018-2024.
— Open PR

Diversifying wood export market to reduce risk
Vietnam’s wood export revenue is forecast to rise 20% in 2020. However, the industry cannot avoid the impacts of the recent epidemic, necessitating efforts to diversify its export markets.
— NDO

MSB Viet Nam announces relief measures for COVID-19 affected customers
MSB and other credit institutions in Viet Nam have acted in accordance with the guidance from the State Bank of Vietnam to make available a credit relief package to assist more than 44,000 COVID-19 affected customers.
— Yahoo News

Vietnam congratulates new Tunisian Prime Minister
Prime Minister Nguyen Xuan Phuc on March 4 sent a message of congratulations to Elyes Fakhfakh for being appointed as the new Prime Minister of the Republic of Tunisia.
— NDO

Two-month rice exports soar despite Covid-19 epidemic
Vietnam has exported approximately 890,000 tonnes of rice worth US$420 million in the first two months of 2020, an increase of 27% in terms of volume and 32% in terms of value compared to the same period in 2019.
— NDO

Vietnam, Gulf War Vets Get One Step Closer to New Benefit
Vietnam-era and other pre-9/11 veterans are one step closer to accessing a program designed to pay their spouses or other family support for in-home care even as rules tighten for who can enroll, as part of a highly anticipated proposed rule release from the Department of Veterans Affairs.
— Military.com

Bamboo Airways connects Munich with Vietnam
Bamboo Airways will launch two direct routes connecting Munich – Germany’s third-largest city – with Vietnam’s Hanoi and Ho Chi Minh City in the middle of this year. The announcement follows a Memorandum of Understanding (MoU) inked between the airline and Munich Airport this week.
— Travel Daily Media

Aeon Vietnam plans US$2 billion expansion
Japanese retail giant Aeon Vietnam says it will invest US$2 billion expanding its presence across the country.
— Insider Retail

Mambu to Power Vietnam’s First Digital-Only Bank
Vietnam Maritime Commercial Joint Stock Bank (MSB), one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation. MSB plans to launch Vietnam’s first digital bank by the end of 2020.
— Fintech News

USS Theodore Roosevelt arrives in Vietnam, becoming second US carrier to visit since the 1970s
The USS Theodore Roosevelt arrived Thursday in Vietnam, becoming only the second U.S. aircraft carrier to make a port call there since the fall of Saigon in 1975.
— Stripes

Mambu to Power Vietnam’s First Digital-Only Bank
Vietnam Maritime Commercial Joint Stock Bank (MSB), one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation.
— Fintech News

Overlapping regulations the key issue facing SOE performances
Regulatory overlapping was the biggest problem at State-owned enterprises (SOEs) since they were handed over to the Commission for the Management of State Capital at Enterprises, officials have said.
— VietnamPlus

Vietnam eyes growing demand for rice in Senegal
Vietnam this year would have opportunities to continue increasing rice exports to Senegal, as well as Africa as a whole, due to high demand from those markets, the Vietnam Nam Trade Office in Algeria said.
— The Star Online

Cargo ship beached by storm, partially sank, Vietnam
General cargo ship DUC MINH 555, loaded with limestone, encountered rough weather with strong wind and high waves in Ha Tinh Province waters, Vietnam, Gulf of Tonkin, while sailing south to port of Quang Ngai, Quang Ngai Province.
— Maritime Bulletin

Hashmeta expands into Vietnam, targets beauty industry
Singapore-based digital marketing agency Hashmeta has opened a new office in Vietnam to serve companies that are expanding their markets beyond Singapore. In a statement to Marketing, Hashmeta’s spokesperson said the Vietnam team will prioritise bringing in global clients and helping local clients within the beauty industry.
— Marketing Interactive

VIETNAM – HALF OF EMPLOYEES RESIGN FROM THEIR JOBS DUE TO LACK OF OPPORTUNITIES: ADECCO
Half, or 51.3% of Vietnamese workers resigned from their jobs last year due to a lack of career advancement opportunities, according to survey data from Adecco Vietnam.
— staffing industry

Cargo ship beached by storm, partially sank, Vietnam
General cargo ship DUC MINH 555, loaded with limestone, encountered rough weather with strong wind and high waves in Ha Tinh Province waters, Vietnam, Gulf of Tonkin, while sailing south to port of Quang Ngai, Quang Ngai Province.
— Maritime Bulletin

Vietnam to buy from US to ease tension
Vietnam has committed to purchasing US$3bn of US farm products, including fruit, in an attempt to head off potential tariff increases.
— Fruitnet

Senegal a potential market for Vietnamese rice
Việt Nam this year would have opportunities to continue increasing rice exports to Senegal, as well as Africa as a whole, due to high demand from those markets, the Việt Nam Trade Office in Algeria said.
— Viet Nam News

Retail sales, service revenues up in two months
Việt Nam’s total retail sales and service revenue rose 8.3 per cent year-on-year to over VNĐ863.9 trillion (US$37.4 billion) in the first two months of this year, according to the General Statistics Office (GSO).
— Viet Nam News

DGC’s exports see no big influence from Japan and Korea
Although it exports a large number of chemical products to Japan and the Republic of Korea, Duc Giang Chemical Group JSC (DGC) has not yet experience any negative changes from the two markets.
— Viet Nam News

Overlapped regulations key issue to SOE performances: State capital commission
Regulatory overlapping is the biggest problem at State-owned enterprises (SOEs) after having been handed over to the Commission for the Management of State Capital at Enterprises, officials have said.
— Viet Nam News

Minister urges provinces to boost fight against IUU fishing
Minister of Agriculture and Rural Development Nguyen Xuân Cường has urged 28 coastal provinces to promote further actions against IUU fishing.
— Viet Nam News

Bamboo Airways to launch direct flights on Việt Nam-Germany route
Bamboo Airways will launch two direct routes connecting Munich – Germany’s third-largest city – with Việt Nam’s Hà Nội and HCM City in the middle of this year.
— Viet Nam News

New app to monitor air quality launched
The General Department of Environment under the Vietnamese Ministry of Natural Resources and Environment has launched a new application called Envisoft to track environmental stats.
— Viet Nam Net

Shinhan Bank offers free online money transfer
Shinhan Bank’s individual customers are being offered free domestic money transfer transactions via its internet banking and Mobile Banking SOL app from now until the end of April.
— Viet Nam News

Steelmakers hit hard by virus outbreak
Vietnamese steelmakers were in need of State support to minimise the damage caused by the outbreak of the novel coronavirus (COVID-19), which could well reach a pandemic as dozens of countries reported new infections, said industry leaders and experts.
— Viet Nam News

Banks warn of rising fraudulent websites, stolen accounts
Banks have advised account owners to be vigilant as fraudulent activities, both online and offline, have been on the rise in recent times.
— Viet Nam News

Mekong Delta provinces adapt to drought, saltwater intrusion
Provinces in the Mekong Delta are taking prompt action to help local residents adapt to drought and saltwater intrusion during the dry season.
— Viet Nam Net

More than 24,300 rooftop solar projects installed
More than 24,300 rooftop solar projects have been installed this month, with a total capacity of 465.8 megawatt peak (MWp).
— Viet Nam News

More banks slash interbank transfer fees
Another 15 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) by March 4
— Viet Nam News

New decree to better regulate ride-hailing firms
The Government’s new decree on automobile transportation is expected to help get the transportation market back on track, according to the Ministry of Transport.
— Viet Nam News

 

 

Feature photo Fauna & Floral International

This week’s Vietnam morning news feature photo focus on Vietnam focuses on World Wildlife Day, March 3, here the black-crested gibbon.

 

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).

 

 

About Vietnam morning news.

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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