Vietnam Morning News For February 19, 2020

Material autonomy key for Vietnam to fully tap EVFTA
Textile stocks have been on a temporary upswing thanks to the recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide.
— VietnamPlus

Vinaconex to gain $35.8 million from VCP shares
Vinaconex corporation has registered to divest all of its 16 million shares in Vinaconex Power Investment Construction and Development JSC.
— Viet Nam News

Two more patients discharged in Vietnam’s coronavirus hub
Two natives of Vinh Phuc Province who were infected with the Covid-19 were discharged from a hospital in Hanoi Tuesday.
— VnExpress

Chickens from Vietnam banned
Prime Minister Hun Sen has ordered Minister of Agriculture, Forestry and Fisheries Veng Sakhon to take action to prevent the spread of bird flu (H5N1) from Vietnam into the Kingdom as an outbreak of the disease plagues southern Vietnam.
— The Phnom Penh Post

Cement demand forecast to climb 4-5% this year
The Ministry of Construction has forecast cement demand will increase by 4-5 per cent this year thanks to a recovery in the real estate market.
— Viet Nam News

Overseas investors are interested in education investment
As of 2019, Vietnam counted five foreign invested universities, 68 private schools and 170 public ones. The country had more than 500 programmes linked with top universities in the world. The foreign direct investment (FDI) in education from August to October 2019 reached 97 million USD.
— Vietnam Insider

Dragon fruit price rises as export opportunities open up
Dragon fruit prices in Long An Province have started to increase as more export opportunities become available, Nguyen Quac Trịnh, Chairman of the Long An Dragon Fruit Association, said on Tuesday.
— Viet Nam News

HCM City first metro line fully linked, track to be laid for operation next year
A ceremony to mark the physical linking of the entire under-construction first metro line in HCM City between Bến Thành Market in District 1 and Sui Tiên Theme Park in District 9 was held on February 17.
— Viet Nam News

Vietnam rice exports seen up 6% this year to 6.75 million tonnes – food association
Vietnam expects to export 6.75 million tonnes of rice this year, up 6% from last year, Vietnam Food Association Vice Chairman Do Ha Nam said on Tuesday.
— Yahoo News

Vietnam winning greater share of US apparel imports
Vietnam’s share of US apparel imports has benefited as China’s share in the market is slipping in the wake of the Sino-US trade war.
— Insider Retail

‘Vietnamisation’ push seeks to develop national champions
Foreign executives who do business in Vietnam sometimes like to offer amateur history lessons, especially after a few drinks.
— Financial Times

Vietnam needs to find new rice markets to replace China, say experts
ince the novel coronavirus (Covid-2019) epidemic will surely affect exports to China, diversifying markets is an urgent requirement for Vietnamese rice exporters, experts have said.
— The Star Online

Vietnam PM lauds anti-corruption accord with Russia
Prime Minister Nguyễn Xuân Phúc on Monday (Feb 17) congratulated the Government Inspectorate of Vietnam and the Russian Presidential Anti-Corruption Directorate on their expansion of anti-corruption cooperation.
— The Star Online

EU: Press Vietnam on Human Rights Reforms
The European Union should press Vietnam to end its systemic repression of human rights and release political prisoners and detainees, Human Rights Watch said today. A human rights dialogue between the EU and Vietnam is scheduled for February 19, 2020 in Hanoi.
— Human Right Watch

Vietnam: Asean economic integration meeting in Hanoi a success
Vietnam’s Deputy Minister of Industry and Trade Trần Quốc Khánh talks to Vietnam News Agency about what went on at the recent meeting on Asean economic integration in Hanoi.
— The Star Online

KrisEnergy to sell Vietnam oil block and focus on diversion to Cambodia field
Singaporean oil and gas company KrisEnergy has decided to give up one of its oil exploration blocks in Vietnam to focus on its operations in Cambodia.
— Khmer Times

First ivory, now pangolin scales: Vietnam remains wildlife trafficking hotspot
Vietnam is becoming increasingly interested in pangolins and prominent in the rapidly growing transnational trafficking of the animal, an investigation has found.
— VnExpress

I flew on Vietnam’s award-winning budget airline known for its bikini-clad flight attendants 3 times in one week, and it was an emotional rollercoaster
When investigating which airline I should take from Seoul, South Korea to Ho Chi Minh City, Vietnam, I stumbled upon something I had never seen on a flight before: bikini-clad flight attendants, working for a budget Vietnamese airline called Vietjet Air.
— Business Insider

EU Approves Trade Deal With Vietnam
The European Union has approved a trade agreement with Vietnam, disproving skeptics who thought the EU’s divorce with Britain and Vietnam human rights concerns would delay the vote.
— VOA

Profitability in shrimp sector depends on sustainability, says Boston Consulting Group
Global shrimp producers’ long-term profitability depends on carefully instituting reforms to increase sustainability and lower risk – a lesson that can be garnered from the experiences of Thailand, Vietnam, Indonesia, and India, according to a new series of reports.
— Seafood Source

Vietnam F1 Grand Prix gets go-ahead despite virus fears
Vietnam”s inaugural Formula One Grand Prix will take place in Hanoi in April as planned, organisers said yesterday, avoiding the fate of the Chinese Grand Prix which was postponed over the deadly coronavirus outbreak.
— Menafn

Vietnam, RoK to boost ties in vocational education
Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung and Ambassador of the Republic of Korea (RoK) to Vietnam Park Noh-wan on February 18 expressed their wish to further enhance their countries’ cooperation in vocational education.
— VietnamPlus

ASEAN 2020: Vietnam chairs first meeting of ACCC in 2020
Head of the Vietnam’s Permanent Mission to ASEAN, Ambassador Tran Duc Binh chaired the first 2020 meeting of the ASEAN Connectivity Coordinating Committee (ACCC) in Indonesia on February 18.
— VietnamPlus

Vietnam IT recruiting company raises million dollars from South Korean investor
IT recruitment firm TopDev has secured a million-dollar investment from South Korea’s leading recruitment company Saramin HR.
— VnExpress

The US-China Phase One Trade Deal and Vietnam
The US and China signed a much-anticipated phase one trade deal on January 15, 2020. This initial trade deal is seen as the first step towards a de-escalation of the US-China trade war now ongoing for more than 18 months.
— Vietnam-Briefing

Napas reduces switching fee to promote cashless payments
The National Payment Corporation of Vietnam (NAPAS) announced exemptions and reductions on service fees on electronic switching for local banks.
— Viet Nam News

Project to help women entrepreneurs
Vietnamese enterprises, especially women-owned businesses, are still facing many difficulties and barriers in developing and accessing resources, such as credit and land.
— Viet Nam News

Hanoi grants property certificates to foreign institutions, individuals
Vietnam has for years allowed foreign institutions and individuals to buy and own houses, but few people have succeeded in winning the ownership certificates.
— The Hanoitimes

Few Vietnamese firms make use of financial support policies of Government
Nine years after the issuance of a Government decision that set out preferential credit policies to provide more financial support for Vietnamese firms in the supporting industry, few have been able to make use of said policies, industry insiders have said.
— Vietnam Insider

Samsung flies electronic components from China to Vietnam
Samsung has begun flying electronic components for its latest Galaxy phones from China to its factories in Vietnam as it grapples with sweeping supply chain disruptions caused by coronavirus.
— Vietnam Insider

Việt Nam’s logistics wins in US-China trade war
Falling one place to 11th in the global index of emerging logistics markets, Việt Nam was still seen as a clear winner in the US-China trade war.
— Viet Nam News

Citibank and INGbank to provide credit to Nhơn Trạch power projects
Citibank and INGbank will be in charge of arranging capital for the Nhơn Trạch 3 and 4 thermal power plants, according to a recent agreement signed between PetroVietnam Power Corporation (PV Power) and the two foreign banks.
— Viet Nam News

Vietnam to go for difficult option amid Covid-19 outbreak
The government is committed to ensuring not only the best business environment, but also the best living environment for the people and investors.
— The Hanoitimes

Ride-hailing cars must display taxi signs
All cars providing passenger transportation services via ride-hailing applications will be treated like taxis from the beginning of April, when the pilot project for tech-based cars ends.
— Viet Nam News

Material autonomy key for Việt Nam to fully exploiting EVFTA
Textile stocks have been on an temporary upswing thanks to the recent ratification of the EU-Việt Nam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide.
— Viet Nam News

Souring Vietnam sentiments on beer may hit ThaiBev
Concerns over drink driving laws in Vietnam dragged ThaiBev’s share price down 11.8% YTD, according to an analyst report by DBS Group Research.
— SBR

VN stocks slide on market caution, gloomy forecasts
Vietnamese shares edged down on Monday as investors remained cautious despite positive movements in regional markets.
— Viet Nam News

COVID-19 highlights need for economic restructuring
The respiratory epidemic caused by the novel coronavirus (COVID-19) has highlighted an urgent need for Việt Nam to boost its economic restructuring and diversify its markets.
— Viet Nam News

VietJet to expand India presence
Vietnamese budget carrier VietJet will be expanding its presence in the Indian market with the commencement of three new flights.
— TTG Asia

Driver task forces facilitate Vietnam-China border trade
Special task forces of drivers are driving container trucks at a Vietnam-China border gate to help others avoid novel coronavirus quarantining.
— VnExpress

Pork price dives under VND75,000 per kilo
Some large livestock companies have reduced pork prices to an average of VNĐ75,000 per kilo, Minister of Agriculture and Rural Development Nguyen Xuân Cường said after visiting the firms on February 16.
— Viet Nam News

Financial support still pie in the sky for supporting firms
Trần Thị Thu Trang, director-general of Hanel PT, an electronics maker in northern province Bắc Ninh said her company had given up on seeking access to the preferential credit policies after extensive research.
— Viet Nam News

Feature photo Global Partnership for Education/ World Bank

This week’s Vietnam morning news feature photo focus on International Mother Language Day, February 21.

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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