Vietnam morning news for February 12

Vietnam morning news for February 12
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Vietnam morning newsEU Approval of Trade Pact Will Give Vietnam Green Light to Continue Violations: HRW
A European Union approval of a landmark free trade deal with Vietnam, absent any concrete improvement to its human rights record, would give Hanoi carte blanche to continue with violations, a rights group warned Monday, on the eve of an EU vote on the pact.
— Radio Free Asia

Vietnam culls tens of thousands birds to contain H5N6 outbreak
Vietnam has so far this year culled tens of thousands of birds to contain an outbreak of highly pathogenic H5N6 bird flu detected at several farms in its northern provinces, an agriculture ministry official and state media said on Monday (Feb 10).
— The Straits Times

Meeting of International Media Groups with Ministry of Foreign Affairs of Vietnam
The topics that were discussed during the meeting ranged from trade, commerce, the security of Vietnam and other countries. The much-debated health crisis, the outbreak of the Corona Virus at Wuhan in China was also discussed.
— The Policy Times

Vietnam postpones annual national tourism promotion over novel coronavirus
Vietnam has postponed the February 22 opening ceremony of the National Tourism Year due to nCoV epidemic concerns.
— VnExpress

Pork supply expected to recover from this month: MARD
The Ministry of Agriculture and Rural Development (MARD) said that the domestic pork supply is forecast to increase from February.
— Viet Nam News

CPTPP offers opportunities for Canadian enterprises in Việt Nam
Việt Nam presents significant business opportunities to Canadian enterprises within the framework of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
— Viet Nam News

Government sets ambitious pvt investment target
The government has set the private sector investment target to GDP (Gross Domestic Product) at 28.20 percent for the next five fiscal 2021-21 to 2024-25, according to the draft policy of the eighth seventh-five year plan.
— Daily Industry

Vietnam looks to burnish human rights image before EU trade vote
The free trade pact promises a raft of benefits on both sides, removing the bulk of tariffs, harmonising rules and whittling away other trade barriers
— South China Morning Post

Vietnam Airlines and ST Engineering to explore airframe MRO
Vietnam Airlines (VN, Hanoi) and ST Engineering are exploring the possibility of establishing an airframe Maintenance Repair and Overhaul (MRO) in Vietnam. The Joint Venture (JV) MRO aims to take advantage of Asia Pacific’s increasing needs for such services, as the region’s in-service fleet is expected to grow by 4.5% (compound annual growth rate) over the next 10 years.
— Ch-avaition

Looser monetary policy needed to counter global volatility
A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the coronavirus outbreak, experts suggested.
— Viet Nam News

Investors lose interest in SHB shares for non cash dividend policy, high NPLs
SHB shareholders have not been paid any cash dividend since 2014, when the bank decided to pay a 7.5 per cent cash dividend to shareholders.
— Viet Nam News

Defense Minister Trip Puts Russia-Vietnam Security Ties into Focus
A recent interaction spotlighted the defense aspect of the relationship between the two countries.
— The Diplomat

Cambodian Monk Stuck in Vietnam as Police Seize Passport
A Cambodian monk belonging to the ethnic Khmer Krom minority group has been left stranded in Vietnam after Vietnamese police seized his passport, leaving him effectively stateless and unable to return home, according to several sources.
— Radio Free Asia

Trade origin fraud remains problem for Vietnam despite US-China deal
Vietnam customs says that it is clamping down on trade origin fraud, which has spiked over the past year, as exporters reroute their goods through the country to take advantage of its free trade agreements (FTAs) and circumvent additional duties.
— GT Review

Solar Power Surges In Vietnam, Dimming Prospects For New Coal Plants
Economics is a strict mistress. As China and the US wrestle over which country will dominate the world, Vietnam is the beneficiary. Chinese workers have rising expectations which lead to higher wages.
— Clean Technica

Vietnam Formula 1 racetrack named after Hanoi
The Formula One (F1) racetrack in Vietnam has been named after the capital Hanoi while its nine grandstands take their names from popular destinations from north to south.
— NDO

TPO holds seminar on introducing Vietnam’s market
TEHRAN- Iran’s Trade Promotion Organization (TPO) held a seminar on introducing the markets of Vietnam on Monday.
— Tehran Times

Validus teams up with Nafoods to provide business financing to farmers, distributors in Vietnam
Validus Vietnam, a unit of Singapore’s small and medium enterprises (SMEs) financing platform Validus Capital, has announced a partnership with Nafoods Group, an agri-food business and manufacturer, to provide supply chain financing to SMEs, such as farmers and distributors in Vietnam.
— e27

Hitachi Teams Up with VietCredit to Automate Loan Process in Vietnam
Hitachi is teaming up with the VietCredit Finance Company to explore the potential for digital financial services in Vietnam. The companies are specifically hoping to use AI to automate key pieces of the personal loan applications process, allowing the financial institution to turn those applications around more quickly.
— Mobileid World

Investors lose interest in SHB shares for non cash dividend policy, high NPLs
SHB shareholders have not been paid any cash dividend since 2014, when the bank decided to pay a 7.5 per cent cash dividend to shareholders.
— Viet Nam News

SME Development Fund and MB Bank sign indirect lending contract
The Small- and Medium-sized Enterprise Development Fund (SMEDF) under the Ministry of Planning and Investment and the Military Commercial Joint Stock Bank (MB Bank) signed a framework contract on indirect lending on Monday.
— Viet Nam News

SBV won’t apply foreign ownership limit in local intermediary payment firms
The State Bank of Việt Nam (SBV) announced it would remove regulations limiting foreign ownership in local intermediary payment firms from its draft decree 101.
— Viet Nam News

China thanks Vietnam for aid in coronavirus fight
The Chinese Foreign Ministry has extended heartfelt thanks to Vietnam and other countries for providing support for China to fight the novel coronavirus (nCoV) outbreak.
— VietnamPlus

Paradise Vietnam charts Lan Ha Bay waters
Luxury cruise operator Paradise Vietnam has launched a cruise ship in Lan Ha Bay, situated just south of famed Halong Bay.
— TTG Asia

Vietnamese firms to join Gulfood Expo in Dubai
At the previous edition, Vietnamese enterprises signed contracts worth approximately US$20 million.
— Viet Nam News

Looser monetary policy needed to counter global volatility
A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the coronavirus outbreak, experts suggested.
— Viet Nam News

Hospitality sector’s bookings decline amid coronavirus outbreak fears
The hospitality sector in Việt Nam this year will face losses due to the noval coronaviurs (nCoV) outbreak, researcher Savills has said.
— Viet Nam News

Rising virus death toll weighs on market
Shares started new week on a negative note with depleting liquidity, in line with the regional stock markets as headlines spoke of mounting novel coronavirus death toll.
— Viet Nam News

Validus teams up with Nafoods to provide business financing to farmers, distributors in Vietnam
Validus Vietnam, a unit of Singapore’s small and medium enterprises (SMEs) financing platform Validus Capital, has announced a partnership with Nafoods Group, an agri-food business and manufacturer, to provide supply chain financing to SMEs, such as farmers and distributors in Vietnam.
— e27

HNX to ask for margin trading on UPCOM
Margin trading allows investors to buy more stock than they would be able to normally.
— Viet Nam News

Intellectual property protection drives Vietnamese competitiveness
Vietnam’s score in intellectual property (IP) protection increased the most of all Asian economies, according to U.S. Chamber International IP Index.
— VnExpress

Vietnam’s economy offers many chances for Canadian firms: workshop
A workshop was held in Toronto city on February 10 to discuss opportunities for Canadian businesses in Vietnam after one year the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect.
— VietnamPlus

BIS membership marks new stride in State Bank’s integration process
The State Bank of Vietnam (SBV) was recently invited to become a member of the Bank for International Settlements (BIS), showing the BIS’s recognition of Vietnam’s socio-economic achievements as well as the SBV’s attainments in steering the monetary policy and managing the banking system.
— VietnamPlus

Vietnam to tighten corporate bond regulations
The Ministry of Finance plans to make regulations for corporate bond issuances more stringent, including the ratio to the issuer’s equity, to protect investors.
— VnExpress

Vietnam experts suggest looser monetary policy to counter global volatility
A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.
— The Star Online

Vietnamese firms to join Gulfood Expo in Dubai
At the previous edition, Vietnamese enterprises signed contracts worth approximately US$20 million.
— Viet Nam News

Hospitality sector’s bookings decline amid coronavirus outbreak fears
The hospitality sector in Việt Nam this year will face losses due to the noval coronaviurs (nCoV) outbreak, researcher Savills has said.
— Viet Nam News

Rising virus death toll weighs on market
Shares started new week on a negative note with depleting liquidity, in line with the regional stock markets as headlines spoke of mounting novel coronavirus death toll.
— Viet Nam News

HNX to ask for margin trading on UPCOM
Margin trading allows investors to buy more stock than they would be able to normally.
— Viet Nam News

 

Feature photo My VietNam Radio

This week’s Vietnam morning news feature photo focus on World Radio Day, February 13.

 

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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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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