Vietnam morning news for May 19

Vietnam morning news for May 19

Vietnam morning newsVietnam Halted Its COVID-19 Outbreak. Now Comes the Economic Fallout
As countries around the world debate how quickly they should reopen their economies amid the coronavirus pandemic, Vietnam is largely ahead of the curve.
— World Politics Review

Keep Fishing, Vietnam Tells Citizens After China Ban in Disputed Sea
After China attempted to put limits on the disputed South China Sea, Vietnam responded with a message to its fishermen: just keep fishing, within the law.
— VOA

Vietnam and US footwear firms discuss trade amid Covid-19
An online trade exchange is slated to be held from May 28 to May 30 with the participation of 60 footwear importers from the US, according to the Vietnam Ministry of Industry and Trade (MoIT) on Monday (May 18).
— The Star Online

Vietnam favoured destination for export-processing production, says Asean-Japan centre
Vietnam has created little value added from exports (US$69 billion in 2019), that is equivalent to only one quarter of nominal value of exports of goods and services (US$260 billion), posing many strategic challenges to its development.
— The Star Online

Vietnam’s economy faces challenges following Fed’s unlimited QE amid COVID-19 epidemic: media
It has been nearly two months since the U.S. Federal Reserve declared its unprecedented unlimited QE (quantitative easing) program amid mounting fears of the COVID-19 fallout.
— Xinhua

Vietnam’s biggest city facing extreme risk from floods by 2050
Ho Chi Minh City, Vietnam’s biggest metropolis, faces an increasing risk of flood disasters given rapid infrastructure expansion driven by economic growth, according to McKinsey Global Institute.
— Bangkok Post

Customs enhance inspection of PFY imports
The General Department of Customs has required customs departments in provinces and cities to intensify review and inspection for imports of silament and polyester filament yarns originating from China, India and Indonesia.
— Viet Nam News

Rubber plantations converted into industrial land
There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.
— Viet Nam News

State-led approach to boost 5G deployment in Việt Nam: experts
Việt Nam’s 5G is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.
— Viet Nam News

Total assets of banks in Việt Nam stand at $522 billion
Total assets of credit institutions and foreign banks in Việt Nam by the end of the first quarter of this year inched down to VNĐ12.48 quadrillion (US$521.76 billion) compared with the end of last year.
— Viet Nam News

Covid-19 under control in Vietnam despite waves of infected returnees: expert
Vietnam has done well in detecting and curbing Covid-19 infection, and its health sector is coping easily, a senior public health official said.
— VnExpress

New direct flight from Vietnam to Columbus aims to keep up with Covid-19 demand
The chartered flights will continue through the end of June.
— Biz Journals

Q&A: COVID-19 and Response to Supply Chain Disruption in Vietnam
The COVID-19 pandemic has had a significant impact on global supply chains and continues to affect businesses with worldwide operations.
— Vietnam Briefing

Vietnam posts second fastest growth of rich population
Vietnam ranks second among the world’s top wealth markets in terms of very high net worth individuals over the past decade.
— VnExpress

Why Vietnam embraces multilateralism at this uncertain time
Communities might be locked in isolation for Covid-19, but Hanoi has faith in the way the world can work together.
— Bangkok Post

When Apple comes to Vietnam and FDI flow starts moving
Apple is making clearer signals in the production of components and products in Vietnam, opening up opportunities for Vietnam to participate more deeply in the global value chain.
— Vietnam Net

Banks eye post-pandemic business opportunities
Experts have forecast that credit demand will increase faster in the coming months as production and business activities in the country return to a normal pace
— Viet Nam News

Steel producer enjoy profit growth despite virus crisis
Listed steel companies reported positive business results in the first quarter of this year despite the impacts of the COVID-19 pandemic.
— Viet Nam News

Latest updates on British COVID-19 patient’s health
British COVID-19 patient numbered 91 remains critically ill but he is is getting better as front line doctors have no longer used thoracentesis to drain fluid from his lungs, according to the National Steering Committee.
— VGP RSS Feed

Accessing credit, capital requires firms to embrace financial transparency: experts
Enterprises, especially small and medium-sized ones and start-ups, need to enhance financial transparency and connect with banks if they want to obtain loans, according to experts.
— Viet Nam News

Lack of good news to slow market growth: analysts
Local stocks are expected to keep rising this week but their growth would be slower as goods news dries up.
— Viet Nam News

Rubber plantations converted into industrial land
There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.
— Viet Nam News

Local tourists, guests to help hospitality industry recover
Hotels need to appeal more to local corporate guests and tourists to help the hospitality sector recover, market researcher Savills has said.
— Viet Nam News

Transparency is crucial to help pork market recover
Transparency is key to better protect the interests of businesses and customers in the pork market.
— Viet Nam News

Vân Đan EZ’s management board founded
Quảng Ninh Province late last week announced the foundation of the Management Board of Vân Đan Economic Zone (EZ) which would be piloted in three years.
— Viet Nam News

Exports to several markets rise in first 4 months despite COVID-19, trade minister says
VGP – The Ministry of Industry and Trade will ensure a dual goal of preventing disease, while stabilizing production, and boosting export, Minister of Industry and Trade Tran Tuan Anh said.
— VGP Ministerial Activities

Vietnamese, US footwear firms to discuss trade amid pandemic
The MoIT said the exchange aims to help domestic footwear producers promote exports to the US. It will also act as a platform to provide updated information on the US footwear market in the context of the COVID-19 pandemic.
— Viet Nam News

Gov’t envisages two development scenarios for 2020
VGP – The Government has submitted two development scenarios for 2020 to the National Assembly after Viet Nam initially controls COVID-19 epidemic.
— VGP Government in Action

Banks eye post-pandemic business opportunities
Experts have forecast that credit demand will increase faster in the coming months as production and business activities in the country return to a normal pace
— Viet Nam News

Construction of giant industrial park begins in Long An Province
Tân Thành Long An Investment JSC and Việt Nam Innovation Parks Management Corporation broke ground on Sunday (May 17) for the 1,800ha Việt Phát Industrial Park in Long An Province, one of the largest IPs in the country.
— Viet Nam News

Gold prices soar in the market
Domestic gold price soared to surpass VNĐ49 million (US$2,100) each tael (1.2 ounce) this morning when the global prices of the yellow metal climbed to its multi-year high.
— Viet Nam News

Accessing credit, capital requires firms to embrace financial transparency: experts
Enterprises, especially small and medium-sized ones and start-ups, need to enhance financial transparency and connect with banks if they want to obtain loans, according to experts.
— Viet Nam News

Local tourists, guests to help hospitality industry recover
Hotels need to appeal more to local corporate guests and tourists to help the hospitality sector recover, market researcher Savills has said.
— Viet Nam News

Small brewers pour into Vietnam
Restrictive rules for craft beer manufacturing written by the local duopoly have led Thai brands to a nurturing community a few countries over.
— Bangkok Post

Construction giants not immune from Covid-19 impacts
The biggest names in Vietnam’s construction industry, Coteccons, Hoa Binh, and FLC Faros, have seen Q1 revenues fall as Covid-19 slows the economy.
— VnExpress

Two more COVID-19 cases confirmed, total rises to 320
Two Vietnamese people returning from Russia were confirmed having COVID-19, bringing the patient tally to 320, the National Steering Committee for COVID-19 Prevention and Control reported minutes ago.
— VGP Ministerial Activities

Vietnamese, US footwear firms to discuss trade amid pandemic
The MoIT said the exchange aims to help domestic footwear producers promote exports to the US. It will also act as a platform to provide updated information on the US footwear market in the context of the COVID-19 pandemic.
— Viet Nam News

Vietnam tipped to be most resilient regional economy amid virus crisis
VIETNAM could emerge from the coronavirus crisis with the strongest growth in South-east Asia, but the downside risks are also high, Dutch financial group Rabobank has warned.
— Business Times

Steel producer enjoy profit growth despite virus crisis
Listed steel companies reported positive business results in the first quarter of this year despite the impacts of the COVID-19 pandemic.
— Viet Nam News

Three patients cleared of COVID-19, recoveries account for 82%
Three patients cured at the National Hospital for Tropical Diseases have been cleared of COVID-19, raising total number of such cases to 263, the National Steering Committee for COVID-19 Prevention and Control reported.
— VGP Ministerial Activities

Ant Financial to infuse US$73.5M into Myanmar’s Wave Money
Ant Financial Services, operator of Alipay, has announced a strategic partnership with Digital Money Myanmar, which owns and operates mobile financial services platform Wave Money.
— e27

Lack of good news to slow market growth: analysts
Local stocks are expected to keep rising this week but their growth would be slower as goods news dries up.
— Viet Nam News

Transparency is crucial to help pork market recover
Transparency is key to better protect the interests of businesses and customers in the pork market.
— Viet Nam News

VN marks 130th birthday anniversary of President Ho Chi Minh
VGP – A grand ceremony was held on May 18 in Ha Noi to mark the 130th birthday anniversary of President Ho Chi Minh.
— VGP RSS Feed

 

 

Feature photo VN Express International
This week’s Vietnam morning news feature photo focus on World Bee Day, May 20.

 

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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