Vietnam morning news for May 20

Vietnam morning news for May 20

Vietnam morning news

Vietnam targets e-commerce turnover reaching $35 billion by 2025
Vietnam is aiming for double-digit annual growth in the turnover of e-commerce over the next five years, forecasting that sales in the sector could be worth $35 billion by 2025 in the Southeast Asian country.

Vietnam ranks low in clean energy adoption
In the bottom half of a global, clean energy transition ranking, Vietnam languishes far behind many of its neighbors.
— VnExpress

Vietnam has potential for 160 GW of offshore wind energy
The Danish Energy Agency (DEA) and the Vietnamese Electricity and Renewable Energy Authority are working together on input for a roadmap for offshore wind power development in the south-east Asian country that has estimated potential for 160 GW.
— EVWind

Vietnam looks to call end to coronavirus as Assembly nears
Vietnam’s first session of the 2020 National Assembly starts on Wednesday, with the legislative body formed in 1946 to hold online meetings for the first time ever to limit the risk of a new outbreak of the coronavirus.
— Nikkei Asian Review (paywall)

Vietnam’s textile and garment industry hit hard by COVID-19
With a supply chain that over relies on only a few key partners, Vietnam’s textile and garment industry is among the country’s hardest hit by the COVID-19 pandemic.
— East Asia Forum

Vietnam likely to accelerate 5G launch – Fitch
A new report from Fitch Solutions tips Vietnam for a swift transition to 5G given the government’s support for the technology and the country’s device manufacturing sector.
— Developing Telecoms

Vietnam Publisher Recovering From Torture, Daughter Released-Writer
A Vietnamese man arrested and beaten by police for delivering books from a publishing house targeted by authorities for putting out proscribed political books is recovering and his daughter has been released, a writer from the group told RFA on Monday.
— Radio Free Asia

Roundup: 500 Startups invests in Vietnam’s accounting automation startup Bizzi
Vietnam’s accounting automation startup raises seed funding led by 500 Startups Vietnam-based accounting automation startup has raised an undisclosed amount of seed round funding, led by 500 Startups, with participation from unnamed angel investors.
— e27

Vietnam offers cut-price paradise to lure local travellers
In Phu Quoc, a Vietnamese island off the coast of Cambodia, posters warning tourists of the dangers of Covid-19 have long since faded in the powerful sunshine, along with the throngs of international travellers that used to dot its beaches.
— Bangkok Post

Apple headphones to be produced in Vietnam: report
Apple is expected to produce its anticipated over-ear headphones in Vietnam, according to a Tuesday report by The Information.
— Fox Business

Copenhagen Offshore Partners Comes to Vietnam
Denmark-headquartered Copenhagen Offshore Partners (COP) has opened a new office in Hanoi, Vietnam.
— Offshore Wind

E-commerce platform helps diverse foreign brands click in Vietnam
Buy2Sell has distributed a diverse range of branded goods to the medium and high-end market segments in Vietnam over the last five years.
— VnExpress

Vietnam’s Bamboo Airways plans US$2b GE order amid pandemic
Vietnam’s Bamboo Airways plans to fit its new Boeing 787 Dreamliners with General Electric (GE) engines in a deal valued at about US$2 billion, and continue expanding despite the devastating impact the coronavirus is having on global aviation.
— Business Times

Vietnam set to thrive on China’s misery again as US, Japan goad companies to relocate manufacturing bases
Vietnam’s property market is likely to get a second round of tonic from global companies diversifying their production bases in the region as the coronavirus outbreak exposes the concentration risk in China.
— South China Morning Post

Vietnam’s National Assembly to Review Ho Duy Hai Murder Case
Vietnamese death-row inmate Ho Duy Hai won an apparent reprieve in his long-running case Monday with a National Assembly announcement that its specialized agencies would review irregularities in a sentence that caused a rare public uproar in the communist country.
— Radio Free Asia

Stranded foreigners can stay in Vietnam until June 30
Foreigners entering the country under visa waiver programmes, e-visas or tourism visas after March 1 will be automatically given stay permit extension until June 30 free of charge.
— VietnamNet

Vietnam presents medical supplies to eight countries
Deputy Minister of Foreign Affairs Nguyen Quoc Dung on May 18 presented the token of medical supplies worth 420,000 USD as gifts from the Vietnamese Government and people to eight countries in Southeast Asia, South Asia and South Pacific.
— VietnamPlus

Vietnam jumps 14 places in Open Budget Survey
The Open Budget Survey (OBS) 2019 from the International Budget Partnership (IBP) ranks Vietnam 77th out of 117 countries around the world, up 14 places against the previous survey in 2017, the Ministry of Finance reported on May 18.
— VietnamPlus

VN jumps 14 places in Open Budget Survey
Viet Nam ranks 77th out of 117 countries around the world in the Open Budget Survey (OBS) 2019 from the International Budget Partnership (IBP), up 14 places against in 2017, according to the Ministry of Finance on May 18.
— VGP Ministerial Activities

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

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

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

Ministry gives push to equitisation of SOEs
The Ministry of Finance has raised a number of measures to accelerate the equitisation of State-owned enterprises (SOEs) since the progress made no improvements recently.
— 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

President Ho Chi Minh – founder of Viet Nam’s modern diplomacy
VGP – President Ho Chi Minh, the founder of Viet Nam’s modern diplomacy, has left the diplomatic sector with a valuable heritage, which is his unique thought on diplomacy, Deputy Prime Minister, Foreign Minister Pham Binh Minh wrote in an article marking the 130th birth anniversary of the late leader.
— VGP Government in Action

Fresh regulations for temporary import and re-export goods
VGP – From January 1, 2021, temporary import and re-export goods via land borders must follow regulations on designated border gates.
— VGP Ministerial Activities

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

Local dairy expected to continue growing in 2020: VIRAC
VIRAC forecasts that the dairy industry prospect in 2020 will continue to grow at a high level, increase investment capital in dairy farms to reduce dependence on imported milk and to meet the needs of people’s domestic consumption.
— Viet Nam News

VN is better prepared to bounce back from COVID-19 impacts, EuroCham Vice Chairman says
VGP – “Viet Nam is better prepared to bounce back from the impact of COVID-19 than many other countries,” Vice Chairman of the European Chamber of Commerce in Viet Nam Ywert Visser said in a recent interview with us.
— VGP RSS Feed

Teleconference introduces national public service portal, benefits for enterprises
A teleconference on “Introduction of the national public service portal and benefits for enterprises” is co-chaired by Minister-Chairman of the Government Office and World Bank Country Director for Viet Nam Ousmane Dione on May 19.
— VGP Ministerial Activities

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

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 joins 32nd ASEAN – Australia Forum
Deputy Foreign Minister Nguyen Quoc Dung, head of the ASEAN Senior Officials’ Meeting (SOM) Vietnam, on May 18 participated in the 32nd ASEAN – Australia Forum, which was held in the form of an online conference.
— VietnamPlus

Vietnam strives to have over half of population shopping online by 2025
Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to 600 USD per year, according to a master plan on e-commerce development for 2021-25 recently approved by Deputy Prime Minister Trinh Dinh Dung.
— VietnamPlus

Vietnam’s confirmed cases of COVID-19 reach 324
Vietnam’s Ministry of Health on Monday late afternoon confirmed four new cases of COVID-19 infection, bringing the total in the country to 324.
— Xinhua

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

GEX to sell entire stake in Đa”ng Nai Port JSC, no longer involved in logistics
The Board of Directors at Vietnam Electrical Equipment Joint Stock Corporation (Gelex or GEX) has approved the sale of their entire 20.25 per cent stake in Đa”ng Nai Port JSC (PDN).
— Viet Nam News

How to revive Việt Nam’s tourism industry?
“Safe haven tourism” is one way for Việt Nam to maximise tourism revenues while minimising risks posed by COVID-19 pandemic, according to investment fund VinaCapital.
— 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

Coral reefs restoration begins in Sơn Trà Peninsula
Members of the SaSa Marine animal rescue team have been restoring a complex of coral reefs on the coastal south area of the Sơn Trà Peninsula in the central city, reviving the already damaged coral reefs for prolonged existence of ocean species in the area.
— Viet Nam Net

Rangers to identify injured monkeys at Sơn Trà Mountains
At least eight Rhesus monkeys (Macara Mulatta), an endangered species, were found living at the Linh Ứng Pagoda with serious injuries or missing limbs.
— Viet Nam Net

Domestic enterprises need protection from takeovers: experts
Foreign investors are eyeing processing and manufacturing industries.
— Viet Nam News

Energy firms drive VN market
Strong gains of oil futures on Monday helped boost the Vietnamese stock market after a three-day decline.
— 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



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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