Vietnam Morning News For May 29, 2020

Steering Committee: VN still closes borders to foreign tourists due to COVID-19
The National Steering Committee on COVID-19 Prevention and Control agreed Thursday that Viet Nam should continue closing borders to foreign tourists at this time, as external COVID-19 transmission risks still remain.
— Chinphu.vn

Titanium exporters in Vietnam stuck with huge inventories
The central province of Binh Dinh has asked the Prime Minister to allow local businesses to continue exporting titanium inventory of about 455,000 tonnes.
— The Star Online

Vietnam’s COVID-19 political gains
Vietnam is handling the outbreak of COVID-19 relatively well. Vietnam has confirmed a total of 327 cases with 278 recovered and no deaths, which is fairly low given its proximity to China.
— East Asia Forum

Vietnam among world’s cheapest mobile data markets: report
A new study has found Vietnam to be the 10th cheapest country in the world to purchase mobile data.
— VnExpress

Vietnam, China demand aids Asia’s dry bulk shipping despite COVID-19
Asia’s dry bulk shipping market has found support from robust coal demand from Vietnam and China as well as plentiful iron ore flows to China, despite COVID-19 pulling down consumption in other pockets, Vivek Kumar, managing director of Western Bulk Pte Ltd. told S&P Global Platts in an interview.
— S&P Global

Sacombank to hold online annual meeting
Sài Gòn Thương Tín Joint Stock Commercial Bank (Sacombank) on Wednesday announced its annual shareholders’ meeting will be held online.
— Viet Nam News

Essex lorry deaths: 26 arrested in France and Belgium
Police in Belgium and France on Wednesday announced the arrests of 26 people suspected of human trafficking in the deaths of 39 Vietnamese migrants who were found in a refrigerated truck in Britain last year.
— The Guardian

Vietnam accelerates – dare we say it? – digital transformation for a fourth industrial revolution
Prime Minister Nguyen Xuan Phuc yesterday ordered the strengthening of the National Committee on E-Government.
— The Register

Vietnam development model needs upgrade: WB
Vietnam has reached an inflection point in its economic development and needs to look for new models, the World Bank says.
— VnExpress

Vietnam: A Covid-19 Success Story
On the surface, Vietnam is a country of notorious rule-breakers. Even the most casual visitor is quickly made aware of the unruly nature of everyday life. A motorcyclist heads straight through a red light because his daughter is late for nursery school; another speeds 50 meters the wrong way up a one-way street because that is the shortest distance to her front door.
— Asia Foundation

 As World Fights COVID-19, Vietnam Picks Up Bombs of Older War
Nguyen Hung usually tends to rice paddies in central Vietnam, unaware that, fewer than 30 centimeters below the soil, cluster bombs still lurk decades after the U.S. scattered them in the Vietnam War.
— VOA

Vietnam exam changes create TNE opportunities
Changes for the next academic year in Vietnam could broaden the appeal of high school level transnational education programs as university enrolment regulations will give recognised foreign curriculums equal footing with local ones.
— The Pie News

Vietnam’s stature as source country remains strong
High school recruiting events are taking place next month in Vietnam, and as the country returns to almost-normal, a panel of experts explained that education remains a priority to many parents and students in the country.
— The Pie News

ASIA RICE-INDIA PRICES RETREAT FROM HIGHS, VIETNAM SEES FRESH OFFERS
Indian rice export rice prices retreated this week from a more than one-year peak that slowed demand, while Vietnamese rates held near a two-year high as countries battling the coronavirus pandemic sought to bolster stocks.
— Agriculture

Global vaccine organization hails Vietnam’s success against Covid-19
Vietnam was quick to respond to and remains in control of Covid-19, the Global Alliance for Vaccines and Immunization said.
— VnExpress

Foreign investors divest en masse from Vietnam’s largest car dealership
Foreign investors have sold almost 44 percent of their stake in Savico, Vietnam’s largest car dealership, so far this year.
— VnExpress

Sam Johnson, ex-Texas congressman and former Vietnam POW, dies at 89
Former Texas Rep. Sam Johnson, a military pilot who spent years as a prisoner of war in Vietnam before serving more than two decades in Congress, died Wednesday at age 89.
— Politico

USM PROFESSOR’S NEW BOOK STUDIES VIETNAM WAR FROM NEW PERSPECTIVE
In her latest book, University of Southern Mississippi history program professor and Vietnam War expert Dr. Heather Stur looks through an often ignored prism to more thoroughly understand the conflict that bedeviled both the U.S. and Vietnam through the 1960s and beyond.
— Hubcityspokes

Vietnam’s golf tourism begins recovery
Vietnam has gained a valuable head start since it emerged from strict lockdown 22 April by rebooting domestic travel and golf tourism.
— TTR Weekly

Eleven officials suspended for alleged bribery at Tenma Vietnam
Eleven Vietnamese officials involved in tax and post-customs clearance inspections at Tenma Vietnam have been suspended from work for being implicated in alleged bribery.
— Vietnam Net

Productivity growth key to Vietnam’s high-income goal: World Bank
A productivity-driven development model will be key for Vietnam to achieve its ambition of becoming a high-income economy by 2045, a report released by the World Bank on May 27 has suggested.
— NDO

Vietnam’s FPT looks to lead tech rebound from coronavirus hit
FPT, a leading Vietnamese information technology company, began construction on the country’s largest data center in Ho Chi Minh City earlier this month, two weeks after the government lifted social distancing measures aimed at halting the new coronavirus.
— Nikkei Asian Review (paywall)

Vietnam prioritises protecting civilians in armed conflicts: Ambassador
Protecting civilians in armed conflicts is the top priority of Vietnam at the United Nations and its Security Council, Ambassador Dang Dinh Quy, head of the Vietnamese mission to the United Nations, has affirmed.
— VietnamPlus

HCM City struggles to sell underground parking lots idea to investors
The HCM City Department of Transport has warned that the shortage of public parking space is worsening because building parking lots is expensive and returns on them are low.
— Viet Nam News

Hậu Giang Province overrun with property projects
The number of property projects in Hậu Giang Province surpasses actual demand, experts have said.
— Viet Nam News

Shrimp exports expected to increase in coming months
Việt Nam’s pushback of COVID-19 pandemic has helped shrimp exporters raise their competitiveness on the world market, being over other competitors such as India and Ecuador, where are still struggling with the outbreak and not yet able to return to normal production.
— Viet Nam News

PV Power to pay cash dividend, develop solar energy
PetroVietnam Power Corporation plans to pay a 2019 cash dividend of 3 per cent instead of paying in shares at a rate of 6 per cent as planned previously.
— Viet Nam News

Việt Nam should enhance its productivity to grow: WB
Việt Nam should focus on a productivity-driven development model to become a high-income economy by 2045, according to the latest report from the World Bank (WB).
— Viet Nam News

New decree on management and use of ODA, preferential loans issued
VGP – Non-refundable official development assistance (ODA) will be used to finance projects/programs in such fields like infrastructure development, capacity building, policy-making, administration reform, mitigation of natural disasters and climate change adaptation, and social security.
— VGP RSS Feed

Selling, oil prices take down local stocks
The VN-Index had advanced a total of 1.92 per cent in the first two trading days of the week.
— Viet Nam News

Local firms should have good knowledge about CE and FDA standards: seminar
Local businesses need to know clearly about the CE and FDA standards for exporting goods to the EU and US markets, according to experts at a seminar on CE and FDA standards held in Hà Nội on Tuesday.
— Viet Nam News

Bình Định proposes to continue titanium export due to high inventory
The central province of Bình Định has proposed the Prime Minister to allow local businesses to continue exporting titanium inventory of about 455,000 tonnes.
— Viet Nam News

Grab’s Delivery Doodles magically turns children’s drawings into food orders with AI
Grab has launched GrabFood Delivery Doodles which uses Artificial Intelligence (AI) to turn children’s doodles of their favourite dishes magically into food orders delivered via GrabFood.
— Viet Nam News

Local firms can compete based on sustainability
Local firms are called on to join the fifth programme evaluating and honouring sustainable businesses in Việt Nam on Tuesday in Hà Nội.
— Viet Nam News

Administrative reforms will help energise firms after pandemic
Simplifying administrative procedures is critical to revitalise business after the COVID-19 pandemic.
— Viet Nam News

Vietnamese take increasingly to cashless payments
Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam.
— Viet Nam News

TPBank sees small profit gain, capital hike in 2020
Tiên Phong Joint Stock Commercial Bank is targeting pre-tax profit growth of 5 per cent on-year to VNĐ4.07 trillion (US$174.2 million) in 2020, lower than previously forecast, on worries that the economy is suffering from the global COVID-19 pandemic.
— Viet Nam News

SSI appoints new chairman for SSI Asset Management
SSI Security Corporation has appointed Nguyen Mạnh Hùng as chairman of SSI Asset Management Co. Ltd from this week.
— Viet Nam News

Sluggish land clearance delays key border logistics hub project
Authorities need to finish the relocation of an international internet cable line, electrical networks and burial grounds to clear the site so construction can begin.
— Viet Nam News

German adhesive tape manufacturer to build a 55 million euro plant in Việt Nam
tesa has recently made a public announcement that it will invest 55 million euro (US$60.3 million) in a tape adhesive plant in Việt Nam, making it the 15th production site that tesa operates worldwide beside large plants in Germany (Hamburg, Offenburg), Italy, the US, and China.
— Viet Nam News

Quảng Yên Economic Zone added to coastal EZ planning
With the development of the transport infrastructure system in recent years, especially the Hạ Long – Hải Phòng Expressway and Bạch Đằng Bridge, Quảng Yên has attracted large investments in property development.
— Viet Nam News

Feature photo UNMISS
This week’s Vietnam morning news feature photo focus on International Day of UN Peacekeepers, May 29.

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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