Vietnam Morning News For April 7, 2020

Ministry asks Gov’t to cut tax for transport firms
The Ministry of Transport has asked the Government to assign the Ministry of Finance to consider reducing several taxes for transport businesses.
— Viet Nam News

HCM City ensures oil and petrol supply, takes steps to prevent hoarding
HCM City businesses and authorities have been asked to ensure sufficient oil and petrol for local demand, and to prevent hoarding of these goods during the COVID-19 pandemic.
— Viet Nam News

Why has no one in Vietnam died from Coronavirus?
As the U.S. government’s incompetence is put on full display by the COVID-19 crisis, many are rightfully looking to other countries around the world for an alternative to the disastrous profit-first approach of the Trump administration.
— Liberation news

Quarantined In Vietnam: Scenes From Inside A Center For Returning Citizens
Usually, when I arrive home in Hanoi, I’m out the same day riding my scooter around the treacherous traffic of the Vietnamese capital, past the little cafes and food vendors on the sidewalk.
— NPR

South China Sea and the Coronavirus: New Vietnam-China Incident Spotlights Old Realities
The sinking of a Vietnamese vessel last week is a tangible remainder of the need to pay attention to the South China Sea flashpoint even amid the focus on COVID-19.
— The Diplomat

What’s in Vietnam’s New Coronavirus Assistance to Cambodia and Laos?
A closer look at the significance of a recent development with respect to COVID-19 in mainland Southeast Asia.
— The Diplomat

Vietnam factories feeling impact of temporary U.S. shutdowns
Furniture plants here are starting to feel the effects of a slowdown in orders from the U.S., which is forcing many to make adjustments of their own ranging from workforce reductions to temporarily shutting down finishing and production lines.
— Furniture Today

Vietnam sees eight exports post revenues of US$1-plus billion
Eight of Vietnam’s exports have recorded respective revenues of US$1 billion and over, data as of mid-March released by the General Department of Customs has shown.
— NDO

Vietnam declares four more patients Covid-19 free
The Health Ministry announced Monday that three women and a man in central and southern Vietnam have recovered fully from their coronavirus infections.
— VnExpress

International finance: Vietnam’s diaspora returns with attitude
The country’s financial system has been transformed over the last decade, and the Viet Kieu has played a crucial role in that; Euromoney speaks to some of its leading lights about what they are doing and why.
— Euro Money

Vietnam’s banks offer higher rates for online savings to draw clients amid Covid-19 battle
To encourage customers to deposit money online amid the Covid-19 pandemic, many banks have raised interest rates for online savings by up to 1.4 per cent higher than over-the-counter deposits.
— The Star Online

PetroVietnam records production growth but revenue reduction in Q1
The Việt Nam Oil and Gas Group (PetroVietnam) achieved its production target but suffered reduction in revenue due to lower crude oil prices in the first quarter of this year.
— Viet Nam News

Vietnam’s lost year: Coronavirus dulls diplomatic ambitions
Vietnam’s ambitions to raise its stature in Southeast Asia and the broader international community as the chair of ASEAN this year have been derailed by the coronavirus pandemic, which has disrupted interactions between people and nations.
— Nikkei Asian Review (paywall)

Rights Group Urges Vietnam to Free Prisoners of Conscience Amid COVID-19
A Vietnamese human rights group issued a statement calling on Vietnam’s government to free all prisoners of conscience to protect them from being infected with deadly COVID-19 as the disease increasingly spreads around the country.
— Presecution

HCM City to suspend work on non-urgent construction projects
HCM City has suspended non-urgent construction projects until April 15 in an aim to strictly follow nationwide social distancing rules amid the COVID-19 pandemic.
— Viet Nam News

Hà Nội’s economic growth might fall to 5.35% this year due to COVID-19
These scenarios were outlined during the city’s online meeting on Monday discussing socio-economic development in the first quarter and its efforts in COVID-19 prevention and control.
— Viet Nam News

Singaporean firm wants to up stake in Vinamilk
Singaporean firm F&N Dairy Investment Pte Ltd has filed an offer to purchase more than 17.4 million shares at domestic dairy producer Vinamilk (HoSE: VNM).
— Viet Nam News

Srithai beefs up investment in Vietnam
SET-listed Srithai Superware Plc, a leading melamine maker, is ramping up investment this year in Vietnam, which has relatively high growth opportunities, while shelving its investment in Thailand, Indonesia and India.
— Bangkok Post

Exports from Vietnam decline due COVID-19 pandemic
Vietnam exported 7.5Mt of cement and clinker, to a value of US$291m, in the first quarter of this year, said the Ministry of Industry and Trade. The lower volume has been attributed to the coronavirus pandemic.
— Cemnet

Coronavirus hits Vietnam’s fruit exports to biggest market, China
Fruits exports to China in the first quarter fell 29.4 percent year-on-year as the coronavirus pandemic halted trade activities.
— VnExpress

More points of sales needed to ensure good supply: says MoIT
The MoIT urged local departments to create favourable conditions for enterprises providing essential goods while launching temporary points of sale, especially for people in isolated areas.
— Viet Nam News

Addicts kept away from rehab centers in Vietnam’s Covid-19 fight
Police officers have been asked to stop sending drug addicts to rehab facilities to ensure social distancing needed to curb Covid-19.
— VnExpress

Banks offer higher rates for online savings to draw clients amid COVID-19 battle
To encourage customers to deposit money online amid the COVID-19 pandemic, many banks have raised interest rates for online savings by up 1.4 per cent higher than over-the-counter deposits.
— Viet Nam News

Policies needed to encourage investment in waste-to-energy
Việt Nam needed to develop policies to encourage investments in waste-to-energy, also called bioenergy, which would signicantly contribute to protecting the environment, experts have said.
— Viet Nam Net

Vietnam: Oil tanker with 40,000 litres of undocumented diesel arrested
The Vietnam Coast Guard on Saturday (4 April) said the Coast Guard Region 3 Command has arrested an oil tanker carrying 40,000 litres of undocumented diesel oil.
— Manifold Times

Vietnam’s Dung Quat refinery may delay maintenance to 2021 due to coronavirus – sources
Vietnam’s Binh Son Refining and Petrochemical Co will likely delay maintenance of its Dung Quat refinery, initially scheduled to begin on June 12, due to the coronavirus pandemic that has resulted in travel curbs, two sources familiar with the matter said on Monday.
— Reuters

Vietravel Airlines’ plan for first flights postponed due to COVID-19
Founded by one of the country’s largest tour operators Vietravel, the airline is scheduled to start commercial operations in the third quarter this year with a fleet of three airplanes, which could be raised to eight by 2025.
— Viet Nam News

Banks cut deposit rates as credit demand dwindles
Vietnamese banks are cutting their deposit interest rates as business gets sluggish during the Covid-19 crisis.
— VnExpress

Labor exports in Vietnam banned
Vietnam news agency said that the country has banned its labor exports until the 30th of April in order to stop the spread of coronavirus.
— Menafn

Vietnam experiences another internet slowdown
It appears the Asia America Gateway (AAG) undersea cable has recently experienced another issue, meaning that Vietnamese internet users have yet again had to deal with slow internet connections.
— Developing Telecoms

Cold storage demand surges during COVID-19
Demand for cold storage is increasing due to the lower consumption of food during the COVID-19 pandemic.
— Viet Nam News

HCM City’s GRDP estimated at US$14.26 billion in Q1
Ho Chi Minh City’s gross regional domestic product (GRDP) has been estimated at VND335.6 trillion (US$14.26 billion) in the first quarter of 2020, up 0.42% year-on-year.
— NDO

Vietnam begins second morning with no new Covid-19 case
Vietnam reported no new Covid-19 infection Monday morning, recording just one in the past 24 hours.
— VnExpress

Rangers drive monkeys back into forest on COVID-19 alert
Recent research on the possibility of SARS-CoV-2 passing from humans to monkeys found there was a chance if the two were in close contact.
— Viet Nam Net

AboitizPower terminates $46m acquisition of Vietnam’s Mekong Wind
Philippine-listed electricity giant Aboitiz Power Corp (AboitizPower) announced that its planned acquisition of Vietnam’s Mekong Wind has been terminated because some of the conditions of the deal were not met.
— DealStreetAsia

SE Asia Digest: RaRa Delivery, Cooky, Chatbot Vietnam raise funding
Singapore-based last-mile delivery service RaRa Delivery has secured $1.2 million in a seed round led by 500 Startups while Vietnamese food recipe portal Cooky said it has raised an undisclosed amount from Dang Hoang Minh, Founder of Foody.
— DealStreetAsia

Vietnam strives to maintain economic growth momentum amid Covid-19
The global economy has shown clear signs of recession in the first quarter of 2020 due to the unexpected shock of the Covid-19 pandemic.
— NDO

Thai melamine maker ramps up investment in Vietnam
Leading melamine maker of Thailand Srithai Superware Plc is pushing up investment in Vietnam, a country with relatively high growth opportunities.
— NDO

Shares not ready for stable growth on concerns over persistent risks
A three-day rally does not mean Vietnamese shares have returned to the growth track as risks are still persistent and there is no clue they have faded away, experts have said.
— Viet Nam News

Feature photo Công đoàn Việt Nam
This week’s Vietnam morning news feature photo focus 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).

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