Vietnam morning news for May 22

Vietnam morning news for May 22

Vietnam morning news

Vietnam’s Automobile Industry and Opportunities for EU Investors
Vietnam’s automobile industry has grown significantly in recent years. The average growth rate of domestically assembled vehicles was approximately 10 percent per year in the 2015-2018 period. With major manufacturers such as Toyota, Honda, Ford, Nissan, and Kia in the Vietnamese market, the number of spare parts suppliers have also invested in the industry giving the sector a much-needed boost.
— Vietnam-Briefing

Made-in-Vietnam hand sanitiser shipped overseas
Some 4 million bottles of Made-in-Vietnam DrOH hand sanitiser have so far been exported to Europe, the US, and Canada during the COVID-19 pandemic.

Vietnam government proposes postpone basis salary increase this year
If the basis salary increases in accordance with the roadmap, the Vietnamese government is expected to spend an additional VND60 trillion (US$2.58 billion) to pay wages.
— Vietnam Insider

Why ‘Made in Vietnam’ won’t replace ‘Made in China’
As US seeks to decouple from China, it’s a reach to think Vietnam will easily become the world’s next factory floor.
— Asia Times

Vietnam internet speed remains slow till early June
Vietnamese internet users will continue to experience slow speeds until repairs to the disaster-prone AAG undersea cable are completed on June 2.
— Vietnam Insider

Vietnam caps price of wind power to be imported from Laos at 6.95 cents
The Vietnamese government has approved a feed-in tariff cap of 6.95 U.S. cents per kilowatt-hour for wind power it plans to import from Laos.
— VN Express

Vietnam mulls central airport upgrade to international status
Aviation authorities are considering upgrading Tho Xuan Airport in the central province of Thanh Hoa into an international airport.

Vietnam and Mekong peers pay economic price despite low virus tolls
Cambodia, Laos, Myanmar and Vietnam have detected far fewer coronavirus cases than their more advanced Southeast Asian neighbors, but their economies are taking a beating all the same, potentially forcing a rethink of their development models down the road.
— Nikkei Asian Review (paywall)

China, Vietnam Top Virus Response Survey, But for Different Reasons
Citizens around the globe mostly gave their respective governments a poor report card on their handling the coronavirus, according to a recent poll.

Vietnam PM tables two sets of GDP forecasts for adoption of Parliament
The Government of Việt Nam is asking the National Assembly to approve a revised down GDP growth, as the coronavirus pandemic continues to ravage the world’s economy.
— The Star Online

Vietnam: Đồng Tháp grants code for 133 fruit-growing areas for export
The Đồng Tháp Province’s Department of Agriculture and Rural Development has granted a production unit code for 133 fruit-growing areas that qualify to produce fruit for export. Most of the code-granted areas, which cover 7,000ha, grow mango, longan, dragon fruit, jackfruit and rambutan.
— Fresh Plaza

Great potential of 5G development in Vietnam
The earliest to pilot 5G technology in Ho Chi Minh City (HCMC) was Viettel Military Industry and Telecoms Group (Viettel) on September 21, 2019, along with the Internet of Things (IoT) platform. This has marked the milestone of Vietnam as one of the first in the world to run this cutting edge technology. The pilot was corresponding with the standardization route of the 3rd Generation Partnership Project (3GPP).
— Sggp News

Việt Nam meat imports surge in first four months
Việt Nam has imported US$1.36 billion worth of meat and meat products in the first four months of the year, a 17.6 per cent year-on-year increase.
— Viet Nam News

Government actions not enough to revive business sector: academic
The Government needs to do more to revive the business sector, Dr Trần Hùng Sơn, deputy president of the the Institute for Development and Research in Banking Technology under the Việt Nam National University HCM City has said.
— Viet Nam News

NA discuss EVFTA’s implementation
A number of key tasks must be completed including the application of information technology to keep governmental agencies, the business community and consumers updated on the trade deal, along with support for Vietnamese enterprises to take advantage of trade opportunities.
— Viet Nam News

Property tech startup Hoozing raises pre-Series A funding round from SmileGate Investment
Hoozing, a property tech startup based in Vietnam, announced that it has raised an undisclosed pre-Series A funding round from SmileGate Investment and other investors.
— e27

International cooperation enhanced to develop marine economy
International cooperation would be enhanced to develop a sustainable marine economy, with a focus on improving infrastructure, according to a project Prime Minister Nguyen Xuân Phúc approved early this week.
— Viet Nam News

Apple has moved some AirPods Pro manufacturing from China to Vietnam
Some Apple AirPods Pro cases now say the headphones are assembled in Vietnam, according to a Twitter user, multiple reports on the MacRumors forums, and one Verge staffer who recently purchased a pair, indicating the company may be reducing its reliance on Chinese manufacturing (via MacRumors).
— The Verge

Vietnam jails ex-deputy defence minister over land scandal
A military court in Vietnam on Thursday sentenced a former deputy defence minister accused of allowing three plots of land in Ho Chi Minh City to be illegally transferred to private investors from the navy to four years in prison.

Shares extend as money flows into large-caps
Nearly 265.8 million shares were traded on the southern exchange, worth VND4.4 trillion (US$188.5 million).
— Viet Nam News

HCM City businesses need support to recover from Covid-19 blow
Most business activities have resumed in HCM City after a long hiatus caused by the Covid-19 outbreak, but experts said government support is needed to revive the economy.
— Viet Nam News

Exporters urged to accelerate REX registration
The Import-Export Department under the Ministry of Industry and Trade has urged local exporters shipping to the EU, Norway and Switzerland to register the REX as soon as possible.
— Viet Nam News

Temporarily halting petrol and oil imports must be considered carefully: ministry
The proposal of temporarily halting the import of petrol and oil must be carefully considered to ensure national energy security and harmonise benefits between producers and consumers, Deputy Minister of Industry and Trade ĐaThắng Hải said.
— Viet Nam News
Cargill donates US$64,382 to support COVID-19 fight
Cargill has donated VNĐ1.5 billion (US$64,382) to the Vietnam Fatherland Front to support the Government’s spending for medical equipment and treatment of COVID-19 patients.
— Viet Nam News

Local enterprises look for new markets to get back on track
The COVID-19 pandemic greatly impacted global and national production chains, forcing domestic enterprises to find new markets and develop new products.
— Viet Nam News

Long An Province faces severe water shortage
The drought-hit Mekong Delta province of Long An this year needs more fresh water, but can only supply about 50 per cent of demand from its 35 fresh water treatment plants and stations.
— Viet Nam Net

IPs mushroom as Việt Nam seeks to grab post-pandemic opportunities
This month ground was broken for Việt Phát Industrial Park, one of the largest in the country, in Long An Province.
— Viet Nam News

VN has gone 35 days without new community infection of COVID-19
VGP – Viet Nam has gone 35 days without new community infection of COVID-19, the National Steering Committee for COVID-19 Prevention and Control said Thursday morning.
— VGP RSS Feed

Infographic: Central bank, Quang Ninh best performers in 2019 PAR Index
VGP -The State Bank of Viet Nam (SBV) ranked first in the Public Administration Reform Index (PAR Index) in 2019 with 95.4 out of 100 points. With 90.09%, the northern province of Quang Ninh topped the index for the third consecutive time.
— VGP Ministerial Activities

Credit growth forecast to slow to 9-10% in 2020
Credit growth would likely reach only 9-10 per cent this year against 13 per cent last year even if the country’s infrastructure investment was good, experts forecast.
— Viet Nam News

Mobile World Investment Corp to lower profit target by 30 per cent
Mobile World Investment Corporation (MWG) is seeking its shareholders’ approval on the plans to adjust revenues down 10 per cent and net profit down 30 per cent this year.
— Viet Nam News

Decisive reforms needed for Việt Nam to see full benefits of EVFTA, WB report
Việt Nam needs to fill major legal gaps and address key implementation issues to reap the full benefits of the European Union Vietnam Free Trade Agreement (EVFTA).
— Viet Nam News

British COVID-19 patient’s pulmonary embolism rate lowered to nearly 80%
VGP – The rate of blood clots in the lungs of the British pilot, who is the 91st COVID-19 case in Viet Nam, has gone down to nearly 80%, instead of 90% as in recent times, igniting big hopes for the patient to be saved.
— VGP Ministerial Activities

Jewellery firm loses as stores close for virus fight
Phú Nhuận Jewellery JSC (PNJ) has reported its revenue in April dropped 47 per cent on-year to VNĐ501 billion (US$21.5 million).
— Viet Nam News

New app downloaded a million times, prove business coalitions here to stay
A new programme execution app called MEGA1 has surprised the market by topping one million downloads in just over a month after its launch.
— Viet Nam News

P/B, P/E ratios at five-year low, banks should be good options
With average price-to-earnings (P/E) and price-to-book (P/B) ratios at a five-year low, bank stocks are among the good options available for investors right now, analysts said.
— Viet Nam News

Sài Gòn Hi-tech Park creates silver nano compound for hand sanitiser
Sài Gòn Hi-tech Park on May 20 signed an agreement with Pomax Joint Stock Company to provide a silver nano compound to be used for dry hand-sanitiser gel, based on a patent developed by the the park’s Research and Development Centre.
— Viet Nam News

Country to be hit with severe hot weather
Temperatures will hit 34-37 degrees Celsius and even more than 38 degrees Celsius in some places.
— Viet Nam Net



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).



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.

We filter our the dull, the boring, the repetitive, and the click-bait and package all of the Vietnam daily news that you need to know to start your day into an easy to read, time saving format of Vietnam news headlines and first paragraphs before 7.30am Ha Noi time.

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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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