Vietnam morning news for April 2

Vietnam morning news for April 2

Vietnam morning news

Vietnam plans 10% electricity price cut to support virus-hit consumers
Vietnam plans to cut its electricity prices by 10% for three months to support people hit by the coronavirus epidemic, state media reported on Wednesday.
— Devdiscourse

Vietnam’s key English newspaper halts printing over coronavirus
The state-run Vietnam News Agency stopped printing its key English-language newspaper Tuesday until April 15, after one of its reporters tested positive for the new coronavirus.
— Nikkei Asian Review

Vietnam Airlines Launches Cargo-Only Flights
In March, the airline operated 45 cargo-only flights transporting freight from Hanoi and Saigon to Bangkok, China mainland, Hong Kong SAR, Japan, Korea, Malaysia and Singapore.
— Asia Travel Tips

Vietnam-Based Hyundai, Honda Plants Close Amid Nationwide Lockdown
Vietnam-based Hyundai assembler TC Motor and Honda Vietnam have shut down their plants for two weeks amid a nationwide social distancing campaign to curb the spread of the coronavirus, the companies said on Wednesday.
— New York Times

Which businesses will remain open during national social distancing?
According to a directive from the Prime Minister, social distancing will be applied nationwide for 15 days starting from April 1, in an attempt to contain the spread of coronavirus, and only factories, businesses and service establishments producing and providing essential goods and services are allowed to remain open.
— Viet Nam News

HCM City exports increase 7.5 per cent in first quarter
HCM City’s exports increased by 7.5 per cent in the first quarter to US$9.85 billion, thanks to support policies and effective trade promotion.
— Viet Nam News

Vietnam: Water troubles for Mekong Delta farmers
In the Mekong Delta, saltwater intrusion has affected many fruit growing areas. Farmers are struggling to secure irrigation water for their orchards. The saltwater intrusion could affect up to 130,000ha of the delta’s 300,000ha of fruit orchards in the 2019-2020 dry season.
— Fresh Plaza

Gas prices fall on global oil declines
Gas prices fell VNĐ69,000 (US$3) per 12kg canister on Wednesday as global crude oil prices dropped sharply.
— Viet Nam News

Vietnam invests $9.5 million in Cambodia
Cambodia was recorded as the third largest recipient of Vietnamese investment during the first quarter of this year, according to a report released by the Foreign Investment Agency under the Ministry of Planning and Investment in Vietnam.
— Khmer Times

Experts offer advice on reducing Vietnam’s reliance on a single market
Market development and expansion are matters of life and death for any enterprise and unexpected external impacts are a test both for their resilience and potential. These factors necessitate the business community to follow market developments closely and to devise strategies to diversify their markets.

European Council okays free trade deal with Vietnam
The European Council has approved a decision to conclude the European Union-Vietnam Free Trade Agreement (EVFTA), the final procedure from the E.U. side needed for the deal to become effective.
— Seafood Source

Vietnam’s key expressway project
The plans for Vietnam’s key North-South Expressway project are being amended. The Vietnam Government has said it intends to change its plans for three sections of the North-South Expressway. Instead of being carried out under the PPP model, these will now be handled under a public investment scheme.
— World Highways

Vietnam’s health-tech startup eDoctor raises funding from Japanese, S Korean VCs
Vietnamese health-tech startup eDoctor has raised a new round of funding from Japan’s CyberAgent Capital and Genesia Ventures, and South Korea’s early-stage venture capital firms Bon Angels and Nextrans.
— DealStreetAsia

Bank customers warned of fraud amid Covid-19 outbreak
Banks have warned customers about frauds during the Covid 19 pandemic, advising them not to open suspicious emails or click on dubious links sent as email attachments related to the outbreak.
— Viet Nam News

Supermarkets, traditional markets remain open, assure supply is abundant
Supermarkets, food stores and traditional markets in HCM City will remain open after April 1 amid the two-week national social distancing campaign, according to the city Department of Industry and Trade.
— Viet Nam News

Ministry of Finance asks insurers not to sell COVID-19-related products
The Ministry of Finance has asked insurers to stop introducing and selling insurance packages related to COVID-19 disease.
— Viet Nam News

Vietnam casinos confirm 15-day pause over pandemic
Several casino operators in Vietnam have confirmed a 15-day shutdown of their venues starting from Wednesday (April 1). The country’s government ordered also – with effect from that day – so-called ‘social distancing’ measures and shuttering of non-essential businesses, in an effort to limit the spread of a novel coronavirus, and its associated illness, Covid-19.
— GGR Asia

Business survey begins on April 1
The General Statistics Office (GSO) began its 2020 survey of businesses on April 1 to collect basic information for management and policy making.
— Viet Nam News

Securities trading uninterrupted during COVID-19 fight: SSC
Trading on the Vietnamese securities market is essential and will not be disrupted under any circumstances during the fight against COVID-19, the State Securities Commission (SSC) said on Tuesday.
— Viet Nam News

Vietnamese economy resilient to external shocks: WB
While Việt Nam remained significantly exposed to the COVID-19 outbreak and ongoing turbulence in global financial markets, its economy remained resilient to external shocks in the first few months of 2020, according to the World Bank (WB).
— Viet Nam News

HDBank executives register to buy large chunks of lender’s shares as pandemic drags down prices
Trần Hoài Nam, deputy general director of HDBank, has registered to buy 500,000 shares of his bank on the Ho Chi Minh Stock Exchange between April 3 to 29 for investment, according to the exchange.
— Viet Nam News

Empty streets, crowded stores as Vietnam starts nationwide social distancing campaign
Residents in the country’s two largest cities flocked to supermarkets and ATM booths hours before the country entered 15 days of social distancing Wednesday.
— VnExpress

MoIT proposes exporting 400,000 tonnes of rice in April
The Ministry of Industry and Trade (MoIT) has proposed to resume rice exports from April, with a volume of 400,000 tonnes, after the ministry has compiled reports on production, domestic consumption and exports to submit to the Prime Minister.
— Viet Nam News

Trà Vinh to build two erosion prevention projects
The Trà Vinh Province People’s Committee has approved the construction of two embankment projects worth a total of VNĐ260 billion (US$11 million) to prevent river and coastal erosion.
— Viet Nam Net

VN stocks pick up after officials’ reassurances
Vietnamese shares soared on Wednesday after government officials had made statements to reassure investors amid the rising number of coronavirus infection cases.
— Viet Nam News

Vietnam discharges patients infected at Malaysian religious event
Two Vietnamese men who tested Covid-19 positive after returning from Malaysia last month were discharged from a central Vietnam hospital Wednesday.
— VnExpress

Which businesses will remain open during national social distancing?
According to a directive from the Prime Minister, social distancing will be applied nationwide for 15 days starting from April 1, in an attempt to contain the spread of coronavirus, and only factories, businesses and service establishments producing and providing essential goods and services are allowed to remain open.
— Viet Nam News

Electronic fund transfer fees to be cut by at least 50 per cent
The State Bank of Việt Nam on Tuesday issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 per cent for local banks.
— Viet Nam News

Đang Tháp tightens forest fire prevention measures
The Cửu Long (Mekong) Delta province of Đang Tháp is tightening measures to prevent forest fires as many forests face risks at the third to the fifth level.
— Viet Nam Net

BVSC reports after-tax profit of $5.4 million
Bảo Việt Securities Company (BVSC) reported a realised after-tax profit of VNĐ127.9 billion (US$5.4 million) last year, completing 102 per cent of its plan.
— Viet Nam News

All passenger flights to VN banned from 1-15 April
The Ministry of Transport has banned all passenger flights to Việt Nam from 1-15 April in an effort to stop the spread of the novel coronavirus.
— Viet Nam News

Central region faces water shortage for summer-autumn crop
Thousands of hectares of farmland in the central region were likely to face severe water shortages for the summer-autumn rice crop, according to the General Department of Irrigation.
— Viet Nam Net

VN rally cools following nationwide social-distancing order
Vietnamese shares repealed on Tuesday as investors reacted defensively to the Government’s nationwide social distancing decision to fight the COVID-19 pandemic.
— Viet Nam News

State budget revenue declines amid COVID-19 battle
State budget revenues in March are estimated at VNĐ89 trillion (US$3.82 billion), reaching 7.1 per cent of the ordinance estimate and down 2.2 per cent from the same period of last year.
— Viet Nam News

Central city debuts Hi-Tech Park administrative centre
The Hi-Tech Park and Industrial Zones management board has put into operation the central building offering one-door administrative procedures and support to investors at the park from Tuesday.
— Viet Nam News

Hà Nội faces no shortage of goods for isolation order
There will be no shortage of goods for the capital city as Hà Nội starts prepping for a two-week nationwide isolation order to stop the spread of the novel coronavirus (COVID-19), said Trần Thị Phương Lan, deputy head of the Hà Nội department of industry and trade.
— Viet Nam News

Vicostone targets more revenue and profit this year
Stone maker Vicostone JSC (VCS) targets to achieve total revenue of VNĐ6.65 trillion (US$279.9 million) this year, an increase of 19.6 per cent compared to 2019.
— Viet Nam News

Working from home threatens cyber security during pandemic
A number of firms have allowed their employees to work from home to protect them during the COVID-19 pandemic, which is increasing the risks to cyber security.
— Viet Nam News

Honda Vietnam suspends production due to COVID-19
Giant Honda Vietnam (HVN) has become the fourth automaker in Việt Nam to suspend production and assembly of car and motorbike over the concerns of COVID-19 spread.
— Viet Nam News

Laptop sales soar due to online work/study
Demand for laptops has risen significantly as students and employees are studying and working at home due to the COVID-19 crisis.
— Viet Nam News

Int’l arrivals to Vietnam drop sharply in Q1
Vietnam saw nearly 3.7 million international arrivals in the first quarter of this year, down 18.1 percent against the same period last year, according to the Vietnam National Administration of Tourism on Wednesday.
— Xinhua

Investors sought for key Bà Rịa-Vũng Tàu projects
Authorities in the Bà Rịa-Vũng Tàu Province have been asked to speed up procedures so that investors can be sought for important projects.
— Viet Nam News

Bamboo Airways operates repatriation flight for EU citizens in Vietnam and Thailand
Bamboo Airways will consider the re-opening of charter flights with foreign passengers entering Vietnam based on the specific situation after the peak period of Covid-19 prevention, which is expected after 15 April.
— Travel Daily News

Growtech Vietnam expo to feature advanced agricultural technologies
The International Exhibition on Machinery and Technologies of Agriculture, Forestry, and Fishery to be held at the Hanoi International Exhibition Centre from October 28 to 30 will showcase advanced technologies in those fields.
— Viet Nam News

European Council approves final procedure for EVFTA
The European Council on March 30 passed a decision to ratify the EU-Vietnam Free Trade Agreement (EVFTA), paving the way for the deal to come into force.
— Viet Nam News

Đà Nẵng to export aerospace components next year
The US-based aviation firm Universal Alloy Corporation (UAC) has put its Đà Nẵng facility into operation. The factory will be a sole-source supplier producing over unique 5,000 aerospace components for Boeing aircraft.
— Viet Nam News



Feature photo Giao Thong

This week’s Vietnam morning news feature photo focuses on COVID-19 in Asean.


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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