Vietnam Morning News For April 21, 2020

Vietnam sees no new Covid-19 cases for four days in a row
For the fourth day running, not a single new case of Covid-19 has been detected in Vietnam.
— The Star Online

Vietnam Airlines sells Cambodia Angkor Air stake
The 49% stake was snapped up by ‘undisclosed buyers’ according to the Cambodia civil aviation ministry.
— Travel Mole

Vietnam protests Beijing’s expansion in disputed South China Sea as world remains occupied with coronavirus
China has bolstered its presence in the South China Sea by setting up two administrative bodies on islands in the disputed water, dubbed “its youngest city”.
— ABC

Digital economy contributes to 16.5 percent of Vietnam labor productivity growth
The digital economy has contributed to 7 to 16.5 percent of Vietnam labor productivity growth during the period 2020-2030 yearly averagely, according to a publication of the Hanoi-based National Economics University.
— Sggp News

Vietnam says over 13,000 people linked to coronavirus cluster tested negative
More than 13,400 people linked to a COVID-19 outbreak in a village on the outskirts of the Vietnamese capital Hanoi have tested negative for the coronavirus, the government said on Monday.
— New York Post

Vietnam gives Samsung a pass on tough travel restrictions
Vietnam has used travel bans aggressively to curb the spread of the coronavirus pandemic, yet it has made exceptions for employees of Samsung Electronics, reflecting the South Korean company’s importance to the local economy.
— Nikkei Asian Review

Việt Nam’s export value to China up in Q1 despite COVID-19
Despite COVID-19 pandemic, Việt Nam achieved a high export growth value to China in the first quarter of this year, according to the General Department of Customs.
— Viet Nam News

Vietnam says more than 13,000 people linked to COVID-19 cluster tested negative
More than 13,400 people linked to a COVID-19 outbreak in a village on the outskirts of the Vietnamese capital Hanoi have tested negative for the coronavirus, the government said on Monday.
— CNA

Bukalapak CTO left; Vietnam-US sign US$42M deal to boost competitiveness
Bukalapak CTO Nugroho Herucahyono has left the company After a surprise departure of its CEO and co-founder Achmad Zaky in December 2019, Indonesian e-commerce unicorn Bukalapak saw the departure of another co-founder, CTO Nugroho Herucahyono.
— e27

Ministry rejects proposal of lowering container service charges
The Ministry of Transport has rejected a proposal of cutting container loading and unloading service fees at seaports by 30 per cent, Nguyen Trí Đức, chief of the ministry’s office said.
— Viet Nam News

Cashew industry likely to miss export target due to pandemic: Vinacas
Phạm Văn Công, Chairman of the Việt Nam Cashew Association (Vinacas), has said the cashew industry will struggle to achieve its export target of US$4 billion this year due to the novel coronavirus (COVID-19) pandemic.
— Viet Nam News

Vietnam Court Upholds 11-Year Sentence For Music Teacher Who Posted Online Criticism
An appeals court in Vietnam on Monday upheld a lower court’s verdict in sentencing a music teacher to 11 years in jail for posting online criticisms of the one-party communist state and the government, the convicted man’s lawyer told RFA’s Vietnamese Service.
— Radio Free Asia

VN remains attractive destination to investors and manufacturers
With Covid-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Việt Nam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted.
— Viet Nam News

Morning News Roundup: Bukalapak CTO left; Vietnam-US sign US$42M deal to boost competitiveness
Bukalapak CTO Nugroho Herucahyono has left the company After a surprise departure of its CEO and co-founder Achmad Zaky in December 2019, Indonesian e-commerce unicorn Bukalapak saw the departure of another co-founder, CTO Nugroho Herucahyono.
— e27

VN engineers develop state-of-the-art face recognition technology
Smartphone users will soon be able to use facial recognition to unlock their devices – without removing their face masks.
— Viet Nam News

FPT’s profit up by nearly 19 per cent in Q1
FPT Corporation achieved revenue of VNĐ6.63 trillion (US$282.6 million) and pre-tax profit of VNĐ1.14 trillion ($48.6 milion) in the first quarter of the year, a year-on-year increase of 17 per cent and 18.9 per cent, respectively, surpassing 2 per cent of its target.
— Viet Nam News

VN remains attractive destination to investors and manufacturers
With Covid-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Việt Nam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted.
— Viet Nam News

HCM City assures hurdles faced by property developers will be cleared this month
The HCM City People’s Committee chairman Nguyen Thành Phong held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.
— Viet Nam News

State Bank of HCM City sets up hotline to support businesses affected by pandemic
The State Bank of Việt Nam in HCM City has set up a hotline (028) 38.211.230 to provide assistance to enterprises, especially for those badly affected by the COVID-19 pandemic.
— Viet Nam News

Long An Province asks Government to lift restrictions on sticky rice exports
Long An Province has called on the Ministry of Industry and Trade to scrap all restrictions on the export of sticky rice since it has around 56,000 tonnes of stocks.
— Viet Nam News

Pandemic speeds up M & A deals as companies become cheap
In the first quarter of the year, Việt Nam foreign investors acquired stakes worth US$2 billion in local companies.
— Viet Nam News

Bright prospect for construction enterprises despite disease
Despite the impact of the COVID-19 pandemic in the first quarter, construction businesses still firmly believe bright growth lies ahead for the rest of the year.
— Viet Nam News

Bình Thuận speeds up work on investment projects
The Bình Thuận Province People’s Committee has asked departments and districts to work with investors to hasten the progress of projects that received in-principle licences or signed memorandums of understanding with the province last year.
— Viet Nam News

Inspection team set up to check rice volume stuck at ports
An interdisciplinary inspection team led by the Ministry of Industry and Trade has been established to work with agencies to determine how much rice is stuck at ports so that the ministry can come up with an appropriate rice export plan.
— Viet Nam News

Market to struggle with profit-taking after three-week rally
Stronger profit-taking is expected in coming days as the benchmark VN-Index is on track to touch 800 points again and that short-term peak will be an opportunity for investors to realise their profits.
— Viet Nam News

Japanese firm plans Việt Nam move
A Japanese total solutions company that concentrates on fashion and beauty is moving to Việt Nam.
— Viet Nam News

Opportunity grow for cash-less payments due to COVID-19
The reluctance to use cash and come to crowded places such as markets or supermarkets has significantly changed consumption and payment habits.
— Viet Nam News

Anti-panic commodities trading floor founded amid pandemic
The trading floor vnshop.vn was launched on Saturday by CIB Corporation to help local authorities, manufacturing companies, logistic companies and consumers suffer less from virtual demand and supply fluctuations.
— Viet Nam News

Vietnam protests Chinese districts in S.China Sea
The Vietnamese government has lodged a protest against China’s announcement of the creation of two districts in the South China Sea. The two countries have laid claim to areas in the disputed waters.
— NHK World

North Korean workers stuck in Vietnam following COVID-19 border closures: Hanoi
Some North Korean workers remain in Vietnam on temporary visas now four months past a UN deadline requiring their repatriation, Hanoi said in a recent report to the UN, blaming precautions taken by the DPRK government to prevent a potential spread of the coronavirus in its territory for the delay.
— NK News

Vietnam’s state-of-the-art technology may soon recognise faces with mask on
Smartphone users will soon be able to use facial recognition to unlock their devices — without removing their face masks.
— The Star Online

The COVID-19 impact: Vietnam personal care market jumps by double-digits
The first four weeks of the novel coronavirus (COVID-19) outbreak saw double-digit growth in Vietnam’s personal care market and one expert believes it will continue rising well after the pandemic eases.
— Cosmeticsdesign-asia

Who benefits from Vietnam’s power price discounts
Vietnam will lower electricity prices by at least 10 percent for three months for households and businesses affected by the coronavirus pandemic.
— VnExpress

Business Insider hails uplifting spirit of Vietnam’s new Covid-19 song
A still from “Vietnam oi! Danh Bay Covid” music video. Photo courtesy of Minh Beta.
— VnExpress

Work begins on first resettlement area for Long Thanh Airport
ALASKAWork began Monday on a 280 hectare resettlement area for the Long Thanh International Airport. Residents will receive their land lots in August.
— VnExpress

HCMC hospitality industry counts Q1 damage
First quarter hotel occupancy in Ho Chi Minh City hit a low of 48 percent, down 27 percentage points year-on-year as a result of the slump in demand.
— VnExpress

State-owned gas giant targets 45 pct lower profits
PV Gas targets after-tax profits to fall by 45 percent this year to VND6.6 trillion ($282.5 million) due to rising challenges.
— VnExpress

Vietnam’s cash-rich firms more resilient in coronavirus crisis
Cash-rich companies in Vietnam are in much better shape to weather market crises amid the impact of the Covid-19 pandemic than their peers on the stock market, said VNDirect Securities Corp (VNDS).
— The Phnom Penh Post

Truscreen : expands to Vietnam with Ministry of Health Approval
TruScreen Limited (NZX:TRU) (TruScreen or the ‘Company’) is pleased to advise that it has received approval from the Ministry of Health (MOH) of the Vietnam Government for the commercial roll out of the TruScreen cervical cancer screening device.
— Marketscreener

Vietnam shares experiences in COVID-19 fight at G20 health ministers’ meeting
Vietnam shared its experiences in COVID-19 prevention and control at the G20 health ministers’ meeting via video conference on late April 19.
— Sggp News

Vietnam: Formosa Delays New HRC Offers on Uncertainty
Vietnam based domestic steelmaker, Formosa Ha Tinh has postponed its HRC pricing announcement for May’20 until next week due to extended lock-down announced in the country till 22nd April’20 to fight against COVID-19.
— MySteel

Vietnam’s capital of shrimp farming
The southernmost provinces of Ca Mau and Bac Lieu have recently emerged as Vietnam’s largest shrimp exporters, helping Vietnamese shrimp secure a foothold on the world seafood market.
— VietnamPlus

French newspaper explains how Vietnam contains spread of coronavirus
France’s daily newspaper Le Figaro ran an article on April 19 explaining how Vietnam has limited the spread of the novel coronavirus SARS-CoV-2 in the community.
— VietnamPlus

Vietnam aims to reduce malnutrition among ethnic minority children
Vietnam plans to reduce the rate of underweight and malnourished children under five to less than 15 percent by 2030.
— VietnamPlus

Feature photo Support deprived families in Vietnam
This week’s Vietnam morning news feature photo focus on English Language Day, April 23

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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