Vietnam morning news for May 6

Vietnam morning news for May 6

Vietnam morning news

Vietnam PM Says Economy Must Grow Faster Than 2.7% IMF Forecast
Vietnam’s economy must grow faster this year than the 2.7% forecast by the International Monetary Fund, Prime Minister Nguyen Xuan Phuc said on Tuesday, with economic activity resuming after a lockdown to stop the spread of the coronavirus.
— New York Times

Ministry calls for allowing private investment in power transmission
The Ministry of Industry and Trade wants private investments allowed in power transmission, now a state monopoly, as demand surges in a booming economy.
— VnExpress

Airlines propose increase of domestic flights, removal of seat distancing
The Civil Aviation Authority of Vietnam (CAAV), on May 4, proposed that the Ministry of Transport increase the frequency of domestic flights and remove the distance between seats on aircraft to ease the difficulties for airlines affected by the COVID-19 pandemic.
— NDO

Vietnam service providers jump high in global telecom brand rankings
Vietnam’s top four network providers – VNPT, Vinaphone, Viettel and MobiFone – have significantly improved their global brand rankings.
— VnExpress

Vietnam’s phone export up slightly in 4 months
Vietnam earned nearly 16.2 billion U.S. dollars from exporting phones and components in the first four months of this year, posting a year-on-year increase of 1.1 percent, accounting for 19.5 percent of the country’s total export revenue, its General Statistics Office said on Tuesday.
— Xinhua

Energy in ASEAN: Renewable Energy in Vietnam
The combined gross domestic product (GDP) of the 10 member states of the Association of Southeast Asian Nations (ASEAN) stands at $2.8 trillion—equivalent to ranking fifth in the world’s largest economies1.
— Jdsupra

G-bonds mobilised down 68% in April
The Hà Nội Stock Exchange (HNX) held 16 bidding sessions for Government bonds, mobilising VNĐ3.07 trillion (US$130.6 million) last month, down 68 per cent from the previous month.
— Viet Nam News

Vietnamese currency forecast to continue weakening in 2020
Weaker foreign direct investment inflow on the back of the Covid-19 pandemic and a likely preference by the central bank for a weaker Vietnamese Dpng to support export competitiveness would be key drivers of Dang weakness over the near term, although any currency weakening will be measured to avoid potential punitive measures from the US, experts …
— Viet Nam News

Samsung Việt Nam continues to recruit engineers
Samsung Vietnam on Monday officially announced the massive recruitment of high-tech employees in 2020 with deadline for applications on June 07, 2020.
— Viet Nam News

Techcombank delivers record first quarter 2020
Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) recorded after-tax profit reached VNĐ2.5 trillion (US$106.5 million) in the first quarter of this year, posting a 19.8 per cent year-on-year increase.
— Viet Nam News

Firms need policies for sustainable development after pandemic
A VBCSD survey found that 31 per cent of member companies said they would focus more on the domestic market and reduce dependence on foreign markets.
— Viet Nam News

Eleven patients cleared of COVID-19, total recovered patients increase to 232
Eleven more patients have recovered from COVID-19, raising such cases to 232, the Steering Committee for COVID-19 Prevention and Control reported Tuesday morning.
— VGP Ministerial Activities

Ministry extends period selecting prestigious exporters 2019
The Ministry of Industry and Trade extends the period of selecting the prestigious exporters for 2019 until May 30, one month later than the schedule of April 30 due to the impacts from the COVID-19 pandemic.
— Viet Nam News

Vietnam’s export revenue reaches nearly US$83 billion in four months
Vietnam posted total export revenue of US$82.94 billion in the first four months of this year, up 4.7% over the same period in 2019, the Ministry of Industry and Trade announced on May 4.
— NDO

Vietnam is reopening and its early coronavirus containment efforts may help it avoid a recession
Vietnam may be able to avert a recession this year as the country gets back to work and school after early coronavirus containment measures, an economist said on Monday.
— CNBC

Vietnam service providers jump high in global telecom brand rankings
Vietnam’s top four network providers – VNPT, Vinaphone, Viettel and MobiFone – have significantly improved their global brand rankings.
— VnExpress

Is Vietnam ready to fill China’s supply chain gaps?
Now, with the virus battering Chinese manufacturing, our impressions from that visit seem especially timely as investors seek to assess the shift of global supply chains to Vietnamese factories.
— Investment Week

Apple’s job listings in Hanoi, Saigon fuel rumor of Vietnam plant
With Apple’s recruitment of a number of positions in Vietnam’s two biggest cities, rumor has it that the U.S. tech giant wants to open a plant in the Southeast Asian country.
— Tuoi Tre News

Vietnam Wants Young People to Marry by 30
Vietnam’s Prime Minister Nguyen Xuan Phuc is nudging young people to tie the knot before they turn 30 and start having babies as officials worry about low fertility rates in some parts of the country.
— Bloomberg

Will Vietnam Lease Cam Ranh Bay to the United States?
Rumors are circulating that Vietnam is considering leasing Cam Ranh Bay or some of its islands in the South China Sea to the United States on a long-term basis as a supply base and/or stop over point as a counter to recent aggressiveness in the South China Sea.
— The Diplomat

Vietnam is rich in vocations, adaptable to the current moment
In 2019 the Church of Vietnam had 5,000 priests and more than 5,000 seminarians and students, as well as 307 congregations and religious associations for a total of 33,087 religious, including 28,099 nuns, 4,988 men religious, and 1,670 religious order priests.
— Asia News

Chinese tourists drive Vietnam’s recovery
Vietnam’s reopening of its domestic travel sector is expected to be replicated by focusing on short-haul Asian markets in a quest to restore its international tourism profile.
— TTR Weekly

295 South Korean experts isolated upon entering Vietnam for work
Vietnam has quarantined 295 South Korean engineers for 14 days after they arrived in Van Don Airport in the northern province of Quang Ninh on a special flight Monday.
— VnExpress

The Economist: Vietnam among safe economies in wake of COVID-19
Vietnam has been listed as the 12th strongest economy, according to The Economist’s report on the financial strength of the 66 emerging economies in the wake of the COVID-19 fallout.
— NDO

Support from GreenFeed Vietnam’s Meals of Smiles initiative during time of social distancing
“Meals of Smiles” (Bữa Ăn Trọn Vẹn) is a corporate social responsibility (CSR) initiative of GreenFeed Vietnam and clean-food brand G. Established in 2019, they aim to deliver clean, nutritious food products to people who lack access to such goods. Their initial goal is to deliver 1,000,000 meals of smiles in the first 03 years.
— Yahoo News

PM officially gives green light to export of medical face masks
Prime Minister Nguyen Xuân Phúc has given the green light to the export of medical face masks without any caps on export volume so that Việt Nam would not miss out on the opportunity of becoming the world’s face mask factory amid the COVID-19 pandemic.
— Viet Nam News

PM Phuc’s remarks at NAM virtual Summit on COVID-19 response
Prime Minister Nguyen Xuan Phuc called on members of the Non-Aligned Movement (NAM) to continue pioneering multilateralism and international solidarity and championing the role of the UN and WHO in the fight against COVID-19, while delivering his remarks at the NAM virtual conference on COVID-19 response on Monday.
— VGP RSS Feed

Vietnam’s fresh food-to-table platform FoodHub raises seed funding
Vietnam’s fresh farm food-to-table platform FoodHub raises seed funding FoodHub, a startup that home-delivers fresh farm food in Vietnam, said today it has raised “up to hundreds of thousands of USD” in seed round of funding.
— e27

Digitally-driven travellers lead Việt Nam’s travel re-opening
Việt Nam’s reopening of its domestic travel sector is expected to be replicated by focusing on short-haul Asian markets that will enhance its international tourism profile, according to a survey conducted by the hospitality consulting group, the C9 Hotelworks, and Delivering Asia Communications.
— Viet Nam News

Gov’t mulls over measures to remove bottlenecks and address stagnation
During the Cabinet meeting on May 5, Minister of Planning and Investment Nguyen Chi Dung reported on a draft resolution concerning major tasks and solutions to continue removing difficulties for production and business, promoting the public investment disbursement, and ensuring social order and safety amid the COVID-19 pandemic.
— VGP Government in Action

Aquatic companies’ profits hurt by disease
Fishery enterprises’ first-quarter profits were hit hard due to negative impacts of the COVID-19 outbreak.
— Viet Nam News

License fees for bank establishment, operation halved
The license fees for the establishment and operation of banks and credit institutions shall be reduced by half since May 5 as an effort to support subjects affected by COVID-19.
— VGP Ministerial Activities

Cabinet discusses socio-economic performance in first 4 months
Prime Minister Nguyen Xuan Phuc presides Cabinet meeting on Tuesday to debate on socio-economic performance amid COVID-19 outbreaks in the first four months this year.
— VGP Government in Action

Markets tumble as global sentiment worsens
Vietnamese shares settled down on Monday as negative news from the international markets clouded local investors’ sentiment.
— Viet Nam News

Downturn in Vietnamese manufacturing sector intensifies
The Vietnamese manufacturing sector saw an intensification of the downturn last month with Manufacturing Purchasing Managers’ Index (PMI) decreasing to 32.7 as a result of the coronavirus pandemic (COVID-19).
— Viet Nam News

Four-month industrial production hits record low due to COVID-19
In April alone, the IIP slumped sharply by 13.3 per cent over the previous month and by 10.5 per cent over the same period last year. It is also the first IIP decrease in April during the 2016-20 period, the GSO said.
— Viet Nam News

More pigs in stock during third, fourth quarter
The number of pigs in Bình Dương and Đang Nai provinces is expected to increase in the third and fourth quarters, following the African Swine Flu (ASF) epidemic at pig farms last year.
— Viet Nam News

Most hotels and resorts to reopen this month with attractive promotions
Most hotels and resorts in Việt Nam would resume operations in May with attractive promotions as the country was entering its post-pandemic recovery, Mauro Gasparotti, director of Savills Hotels Asia Pacific said.
— Viet Nam News

Quang Ninh remains VN’s top business destination for third consecutive year
VGP – The northern province of Quang Ninh continues to be the most competitive locality in the country, topping Viet Nam’s Provincial Competitiveness Index (PCI) 2019, which was released on March 5.
— VGP Local Activities

HCM City State budget collection slumps
The decline was attributed to the impact of the COVID-19 outbreak.
— Viet Nam News

How will global economy and Việt Nam move ahead amid COVID-19 challenges?
The world is changing as the ongoing coronavirus (COVID-19) pandemic continues to present unprecedented challenges to all economies, industries and living conditions.
— Viet Nam News

Dialogue between PM, enterprises to take place on Saturday
The event, which will be carried out online and broadcast live on Vietnam Television, aims to address businesses’ concerns, boost production and restart the economy in response to the COVID-19 pandemic.
— Viet Nam News

Retail sales increase sharply during holidays
Retail sales increased in both supermarkets and traditional markets in HCM City during the Reunification Day (April 30) and Labour Day (May 1) holidays, thanks to numerous promotions.
— Viet Nam News

Sa Pa tourism enterprises kick off stimulus programme
The People’s Committee of Sa Pa Town, Lào Cai Province has cooperated with the Sa Pa Tourism Association and the Fansipan Cable Car Service Co, Ltd to kick off a tourism stimulus programme.
— Viet Nam News

 

 

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).

 

 

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.

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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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