Vietnam Morning News For March 25, 2020

Vietnam’s confirmed Covid-19 cases rise to 123
Vietnam’s Ministry of Health on Tuesday (March 24) announced that two more people have tested positive for the Covid-19 (coronavirus) symptoms, bringing the total confirmed cases in the country to 123.
— The Star Online

Vietnam renews trade remedies measures on imported steel products
The Ministry of Industry and Trade has issued a decision to extend the application of measures on preventing evasion of safeguard duty to rolled steel and steel wire imported to Vietnam from March 22, 2020.
— NDO

Vietnam’s rubber company in Cambodia needs 10,500 workers
The Vietnam Rubber Plantation Association in Cambodia said that Vietnam’s rubber companies in Cambodia have more than 20,000ha of rubber in Ratanakiri, Mondulkiri and Kratie provinces.
— Dangcongsan

Vietnam Airlines carries anti-COVID-19 equipment to Hanoi for free
National flag carrier Vietnam Airlines has announced that it will carry specialised protective clothing and face masks from Ho Chi Minh City to Hanoi free-of-charge, as part of nationwide efforts against COVID-19 pandemic.
— VietnamPlus

Vietnam stops exporting rice from March 24 on Covid-19
The General Department of Vietnam Customs (GDVC) has requested local customs authorities to stop export clearance process for rice from March 24, local media reported.
— Hanoi Times

Vietnam calls for investment in fruit, vegetable processing
Vietnam is in need of major investors in fruit and vegetable production in order to boost processing, especially in the packaging and post-processing stages, to preserve products for longer and enhance their value.
— VietnamPlus

Vietnam ups tariffs to protect domestic producers
Vietnam is increasing the application of trade defence instruments to protect the legitimate rights of domestic producers as the country integrates rapidly into the global economy.
— The Star Online

Policies must be in place to tap EVFTA benefits: experts
Policies and regulations must be ready once the Europe-Việt Nam Free Trade Agreement (EVFTA) is approved so Vietnamese enterprises can reap the benefits of the trade pact, experts said on Monday.
— Viet Nam News

Vietnam cement sales surge 58% in February
Total cement sales in Vietnam reached 4.207Mt in February 2020, up 58 per cent YoY and 47 per cent MoM, according to the Vietnam National Cement Association (VNCA).
— Cement

Vietnam’s coronavirus ‘Tet Offensive’ wins praise for low-cost model
When most of Vietnam’s 96m citizens were celebrating the Tet lunar new year holiday, Prime Minister Nguyen Xuan Phuc was at a government meeting declaring war on coronavirus.
— Financial Times

HCMC not to allow refusal to go into quarantine
HCMC is considering how to force people into quarantine and penalize those who don’t wear masks in public, its chairman said on Monday.
— VnExpress

Steel, cement businesses experience hardships due to Covid-19
Industries formerly forecast to be less affected by the Covid-19 outbreak such as steel and cement have started suffering sharp fall in business performance and even loss.
— Sggp News

31,000 businesses sign up for MoIT’s services portal
More than 31,000 businesses have signed up to use a portal that provides public services online, according to the Vietnam e-Commerce and Digital Economy Agency under the Ministry of Trade and Industry (MoIT).
— Viet Nam News

Samsung, LG to send engineers to Vietnam upon govt. permission
Affiliates of Samsung Electronics and LG Electronics will send a total of 430 engineers to Vietnam in order to support their plants’ operations there, as the Vietnamese government has decided to exempt Korean staff from its two-week quarantine policy, according to industry sources Tuesday.
— Korea Herald

Côn Đảo Island to be temporarily closed to prevent COVID-19
The southern province of Bà Rịa-Vũng Tàu decided to temporarily closed Côn Đảo Island, a popular tourist attraction, to visitors starting Tuesday.
— Viet Nam News

Int’l media applauds Vietnam’s quick, transparent steps against COVID-19
Vietnam has grabbed international headlines over the past week for the country’s quick and transparent actions to contain the spread of the novel coronavirus disease (COVID-19) outbreak.
— VietnamPlus

Vietnam has sufficient resources to stabilise forex market: State Bank
The State Bank of Vietnam (SBV) has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market and the macro-economy.
— VietnamPlus

VietJet Using Coronavirus To Sell Airline Tickets
VietJet is offering what they call “SKY COVID CARE” insurance — if you take a domestic flight on VietJet between March 23 and June 30, 2020, you’ll be eligible for insurance coverage and benefits in the event that you get COVID-19.
— Onemileatatime

Ministry boost efforts for irrigation infrastructure
The Ministry of Water Resources and Meteorology has increased efforts to develop irrigation systems along border areas shared with Vietnam and Thailand in a bid to strengthen water management and mitigate effects of drought and floods.
— Khmer Times

Vietnam says up to half of seafood export contracts cancelled, delayed due to coronavirus
Vietnam’s seafood exporters have seen up to 50% of their export contracts cancelled or delayed due to the coronavirus outbreak, the country’s seafood exporters association said on Tuesday.
— Business Times

Coronavirus: life inside Vietnam’s army-run quarantine camps
Before returning home to Vietnam from the UK last week, Phuong Chinh already knew she would be sent to a government-run mandatory coronavirus quarantine camp. She flinched at the idea at first, but decided it was safer to be back home.
— South China Morning Post

COVID-19 pandemic challenges garment and textile businesses
Half of all textile exports from HCM City go to the US, while the EU accounts for 15-18 per cent of annual exports.
— Viet Nam News

MoIT extends safeguard measures for steel products
The Ministry of Industry and Trade (MoIT) has extended safeguard measures for steel billet and steel bars imported to Việt Nam until March 21, 2023, said the Trade Remedies Authority of Việt Nam.
— Viet Nam News

No electricity price hikes this year
There are no plans to increase electricity prices this year, according to the Electricity Regulatory Authority of Việt Nam.
— Viet Nam News

Vietnam turns abandoned shop on Cambodia border into quarantine
An unused duty-free shop in Tay Ninh Province on the Cambodian border has been turned into a quarantine for Vietnamese nationals returning from that country.
— VnExpress

Foreign investors pour $8.55b in VN in Q1
Foreign investors poured a total of US$8.55 billion in Việt Nam from January 1 to March 30, equivalent to 79.1 per cent of the same period last year, according to the latest report by the Foreign Investment Agency.
— Viet Nam News

Is Vietnam Ready to Fill China’s Supply Chain Gaps?
When we travelled to Vietnam in late December, the first novel coronavirus cases hadn’t even been reported in China. 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.
— Advisor perspectives

Emirates Group takes adaptive measures to cope with COVID-19 pandemic
Emirates and dnata (Dubai National Air Transport Association) have been adapting operations in line with regulatory directives as well as travel demand since the COVID-19 outbreak began, according to the Emirates Group.
— Viet Nam News

Vietnam’s former imperial capital left deserted as pandemic concerns escalate
Ancient town Hue in central Vietnam wears a dismal look as Covid-19 bars crowds from local historical sites, shopping centers, and the airport.
— VnExpress

SCIC raises US$14.5 million from State capital sale
The State Capital Investment Corp (SCIC) has earned VNĐ342 billion (US$14.5 million) for selling a part of its ownership at the Civil Engineering Construction Corporation No 5.
— Viet Nam News

Việt Nam’s cashew exports to US up in two months
Việt Nam’s cashew exports to the US in the first two months of the year rose by 21 per cent in volume to 17,900 tonnes and 3.6 per cent in value to US$126.2 million year-on-year, according to the General Department of Customs.
— Viet Nam News

Vietnam takes measures to contain spread of Covid-19
Vietnam needed to strictly monitor people entering the country, Prime Minister Nguyễn Xuân Phúc said on Monday (March 23) while chairing a meeting of the Government’s Standing Committee to hear reports on the Covid-19 situation.
— The Star Online

US dollar demands keep stable in local market
The US dollar listed at commercial banks has so far this year gained 1.67 per cent against the Vietnamese Dong due to a rise in the global market, but supply and demand for the greenback in the domestic market has remained stable.
— Viet Nam News

Business as usual between Cambodia, Vietnam despite Covid-19
TRADE between Cambodia and Vietnam is expected to continue as normal despite new border control measures due to the Covid-19 pandemic.
— New Straits Times

VN increases application of trade defence instruments
Việt Nam is increasing the application of trade defence instruments to protect the legitimate rights of domestic producers as the country integrates rapidly into the global economy.
— Viet Nam News

All of society must work together to protect water resources: official
Deputy Minister of Natural Resources and Environment Lê Công Thành recently sent the message to organisations to mark World Water Day (WWD) March 22 and World Meteorological Day (WMD) March 23.
— Viet Nam Net

Relief measures fail to calm virus panic
The benchmark VN-Index on the Ho Chí Minh Stock Exchange lost 6.08 per cent to close at 666.59 points.
— Viet Nam News

Construction sector struggling because of coronavirus
The biggest issue for construction enterprises is access to construction materials.
— Viet Nam News

Investment projects eye March openings
Two investment projects worth US$216 million at the Đà Nẵng Hi-Tech Park will be put into operation on the occasion of the city’s Liberation Day on March 29 one year after construction started.
— Viet Nam News

MoIT will organise national brand programme in Q4
The Ministry of Industry and Trade (MoIT) will organise a ceremony to recognise national brands in the fourth quarter of 2020.
— Viet Nam News

Nature reserve’s seven ha of forested habitat for endangered species restored
Gaia Nature Conservation has planted 4,500 trees in the Xuân Liên Nature Reserve in the north central coastal province of Thanh Hoá to mark World Planting Day on March 21.
— Viet Nam Net

Insurer PVI to pay dividend at 22.5 per cent
The company has approved the target revenue for 2020 of VNĐ10.1 trillion (US$432.8 million), down 8 per cent from last year.
— Viet Nam News

Solar rooftop industry poised for rapid growth
Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Việt Nam, according to industry insiders.
— Viet Nam News

Doctor says virus-stopping hats don’t work
People are rushing to buy special spit-shielding hats that contain a full face clear mask, thinking they will help fight COVID-19.
— Viet Nam News

Feature photo Path

This week’s Vietnam morning news feature photo focus on World Tuberculosis (TB) Day, March 24.

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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