Vietnam Morning News For May 4, 2020

Vietnam reports first new coronavirus infection in 9 days, taking its tally to 271
Vietnam reported its first new coronavirus infection in nine days on Sunday, a British oil expert who was quarantined on arrival, the health ministry said.
— WHTC

Standard Chartered lowers Việt Nam 2020 growth forecast to 3.3%
Standard Chartered Bank has forecast Việt Nam’s economic growth to slow down to 3.3 per cent in 2020.
— Viet Nam News

Vietnamese airlines to increase frequency of domestic flights
Airlines under the Vietnam Airlines Group including Vietnam Airlines, Jetstar Pacific and VASCO will continue to increase the frequency of domestic routes as of April 29 under the management of the Ministry of Transport amid the effective control of the COVID-19 pandemic in Vietnam.
— NDO

Hanoi licenses 235 new FDI projects from January-April
Hanoi licensed 235 new foreign-invested projects with a total registered capital of VD324 million in the first four months of 2020.
— NDO

15 products see export turnover of above US$1 billion
According to the Ministry of Industry and Trade, despite the impacts of the Covid-19 pandemic, export turnover still reached US$19.7 billion in April this year, of which 15 products had an export turnover of above $1 billion.
— Sggp News

US grants Vietnam US$9.5 million to combat COVID-19
Vietnam will receive an aid package worth US$9.5 million to cope with COVID-19, including US$5 million for economic assistance funds, according to the US Department of State.
— Sggp News

Wood industry concern about stagnancy in export due to Covid-19 pandemic
Statistics by the Ministry of Agriculture and Rural Development showed that only 7 percent of wood processing enterprises are still operating normally whereas 90 percent of them have had to temporarily halt operations or rotate part of workers’ assigned jobs, creating a fracture in the whole chain.
— Sggp News

Vietnam abolishes regulation on export licensing for medical face masks
The Vietnamese Government has just issued Resolution No.60/NQ-CP to abolish export licensing for medical face masks.
— Sggp News

Banks report lower profits on provisioning as pandemic increases bad debts
Half of the top 10 banks saw profits fall in the first quarter due to provisioning for bad debts caused by the coronavirus pandemic.
— VnExpress

Sabeco profits hit seven-year low
Post-tax profit of Vietnam’s largest brewer Sabeco in the first quarter nearly halved year-on-year to less than VND720 billion ($31 million), the lowest since 2013.
— VnExpress

Samsung not shifting phone production to Vietnam as Korea overcomes COVID19
When the COVID19 pandemic first began, South Korea was the country hit the hardest after China. The virus has since caused havoc across the globe while strict measures taken by the South Korean government have enabled the company to put a lid on the situation.
— Sammobile

Vietnam granted provisional membership for speed skating by ISU
Vietnam has been granted provisional membership of the speed skating branch of the International Skating Union (ISU).
— Inside the game

Vietnam ensures tourist safety amid COVID-19
The Vietnam National Administration of Tourism has recently issued recommendations on how to prevent the spread of the COVID-19 epidemic for travel agencies, resorts and hotels, restaurants and destinations.
— NDO

Vietnam forecast to face historic heat waves in 2020
Vietnam is forecast to suffer the highest temperatures ever recorded in 2020, according to the latest report by the Vietnam Meteorological and Hydrological Administration.
— VietnamPlus

Central Vietnam expressway through national park poised to open
The La Son – Tuy Loan Expressway through the Bach Ma National Park will be completed by June.
— VnExpress

Will Vietnam Be ASEAN Chair for Another Year?
There are rumors that Vietnam wants an extra year as chair, to make up for the COVID-19 disruption. Would the rest of ASEAN agree to that?
— The Diplomat

297 Vietnamese returnees from UAE quarantined in Mekong Delta
297 Vietnamese returning from the United Arab Emirates arrived at Can Tho Airport early Sunday morning and were quarantined in the nearby Bac Lieu Province.
— VnExpress

As with Vietnam in the 1960s, COVID-19 is exposing racial fault lines in the U.S.
As in any country as unequal as the United States, the calamities of war and pandemics are not shared equally.
— Salon

Traffic accidents kill 79 during 4-day holiday in Vietnam
A total of 79 people were killed and 76 others injured in 133 traffic accidents across Vietnam during a four-day holiday that ended on Sunday, according to the country’s Traffic Police Department on Sunday.
— Xinhua

Hà Nội promotes food safety and hygiene inspections
The agricultural sector of Hà Nội has enhanced management of food hygiene and safety in food production and trading in recent times, according to Hà Nội’s Agriculture and Rural Development Department.
— Viet Nam News

Vietnam Veteran’s 80th birthday celebrated with drive by salute in South Reno
Lee Blasquez, a Vietnam Veteran of the 101st Airborne Division living in Reno, was surprised for his 80th birthday Saturday with a drive-by celebration.
— Mynews4

Luxurious car brands forecast to increase market share
The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.
— VietnamPlus

Overdue debt surges at Vietnam banks
Commercial banks’ Q1 statements show a spike in debts overdue by 10-90 days as coronavirus impacts squeeze businesses’ cash flow.
— VnExpress

Unusual Q1 upsurge in corporate bond issuance
Bonds issued by corporates jumped 40 percent year-on-year in the first quarter, despite the period being a usual downtime for the bond market.
— VnExpress

HCM City: State budget collections down 12.4 pct
State budget collections in HCM City in the first four months were estimated at over VND117 trillion (US$5 billion), 28.9 percent of the estimate and down 12.4 percent year-on-year, the city’s Statistics Office reported.
— Sggp News

Draft National Strategy on Industry 4.0: Gov’t targets to expand 5G coverage nationwide by 2030
VGP – This is one of the specific targets enshrined in the National Strategy on Industry 4.0 being drafted by the Ministry of Planning and Investment.
— VGP Government in Action

VN tests COVID-19 vaccine on mice
The Company for Vaccine and Biological Production No.1 (VABIOTECH) said it has tested COVID-19 vaccine on mice before further evaluation.
— VGP Ministerial Activities

Wind power plant set to operate in Ninh Thuận
The turbines will supply 179 million Kilowatts per hour (KWh) of electricity per year from the second half of this year.
— Viet Nam News

BuyMed gets US$2.5 million in pre-Series A funding
Local start-up BuyMed, a pharmaceutical distribution network, raised US$2.5 million in its pre-Series A funding.
— Viet Nam News

One more COVID-19 infection case confirmed, patient tally rise to 271
A 37-year old British man was confirmed the latest COVID-19 infection case in Viet Nam, the Steering Committee for COVID-19 Prevention and Control just reported.
— VGP RSS Feed

No community transmission case of COVID-19 over last 16 days
VGP – Viet Nam has gone 16 days without new community transmission cases of COVID-19, the Steering Committee for COVID-19 Prevention and Control reported Saturday afternoon.
— VGP RSS Feed

Enterprises face shortage of workers after easing of social distancing measures
Enterprises in the southern provinces of Việt Nam that have resumed operation after the end of the social distancing period are facing a shortage of workers.
— Viet Nam News

Volcanic rocks found on Phú Quý Island
Experts from the Việt Nam Institute of Geosciences and Mineral Resources have found a unique complex of sedimentary rocks that were formed from eruptive volcanoes 12 million years ago on Phú Quý Island, off the coast of central south Bình Thuận Province.
— Viet Nam Net

Feature photo Oriental Tours
This week’s Vietnam morning news feature photo focus on Vesak Day, May 7.

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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