Vietnam morning news for February 20

Vietnam morning news for February 20
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Vietnam morning news

Vietnam looks to more than double power generation capacity by 2030
Vietnam will more than double its power generation capacity over the next decade to support a fast-growing economy, new guidelines for a national energy development strategy show.
— Yahoo News

In Vietnamese Company, 5,000 Strike as Chinese Coworkers Return from Holiday
As the novel coronavirus (COVID-19) epidemic continues in China and its immediate neighbors, an estimated 5,000 workers at a stuffed-animal manufacturer in Vietnam over the weekend staged a rare strike for three days on concerns that several of their Chinese coworkers were not being properly quarantined.
— Radio Free Asia

Made in Vietnam Energy Plan 2.0 to debut next week
The Vietnam Business Forum will roll out next week the second edition of the Made in Vietnam Energy Plan (MVEP 2.0), a business case for the primary use of Vietnam’s domestic resources to stimulate investment in clean, secure and affordable energy generation.
— VietnamPlus

Gov’t considers giving Vietnam Railways back to Transport Ministry
Prime Minister Nguyen Xuan Phuc has requested for an analysis on a proposal to move Vietnam Railways (VNR) under the umbrella of the Ministry of Transport following legal confusion that left the corporation with no budget for railway maintenance.
— VietnamPlus

New deployment schemes ‘could unlock solar boom’ in Vietnam
Two new deployment schemes for solar projects could accelerate solar energy production and usage in Vietnam.
— Energy Live News

Vietnam says cruise ships are welcome
Vietnam’s Deputy Prime Minister Vu Duc Dam admonished Quang Ninh Province authorities at the weekend for turning away a cruise ship that visited Halong bay.
— TTR Weekly

Asean 2020: Vietnam chairs first meeting of ACCC in 2020
Head of Vietnam’s Permanent Mission to Asean Ambassador Tran Duc Binh chaired the first 2020 meeting of the Asean Connectivity Co-ordinating Committee (ACCC) in Indonesia on Tuesday.
— Asia News

Vietnam demand expected to rise by 4-5 per cent in 2020
Cement and clinker demand in Vietnam is expected to edge up by 4-5 per cent in 2020, according to the country’s Ministry of Construction (MoC). Volumes are expected to reach 101-103Mt, according to a report by Vietnam Plus. The expected range comprises 69-70Mt of domestic sales and 32-34Mt of exports.
— Cemnet

Southern Vietnam responds to severe saltwater intrusion
The saltwater intrusion level in Vietnam’s Mekong Delta region has occurred earlier than normal and is expected to be more serious this year, Vietnam News Agency reported Tuesday.
— Xinhua

Vietnam GP ‘will not be postponed’ – official
China’s April race has already been postponed due to the coronavirus crisis, but serious questions are now being raised about nearby Vietnam.
— Sportmole

Defence cooperation – a pillar in Vietnam-Cambodia ties
Minister of National Defence General Ngo Xuan Lich on February 19 had a meeting with his Cambodian counterpart General Tea Banh on the sidelines of the ASEAN Defence Ministers’ Meeting Retreat (ADMM Retreat) in Hanoi.
— VietnamPlus

Foreign companies struggle to navigate coronavirus bumps
Foreign direct investment companies in Vietnam are facing bottlenecks in sourcing materials and parts from China due to Covid-19.
— VnExpress

Fine-tuned policies needed to unleash foreign investment in Vietnam’s M&A market
A survey by Corporate Investment and Mergers & Acquisitions Center also showed that one of the obstacles to M&A deals in Vietnam is the time consuming approval process.
— The Hanoitimes

Vietnam’s Rights Record Deteriorating Despite Regular Dialogue With West: Experts
Vietnam’s human rights situation continues to deteriorate despite regular dialogues between Hanoi and Western nations, a social analyst and a former political prisoner said Wednesday, as representatives of the European Union and the one-party communist state sat down for talks on the latter’s rights record.
— Radio Free Asia

Top 5 Coworking Spaces for Fintechs in Vietnam
Vietnam’s fintech industry, though still nascent, has witnessed significant growth over the past couple of years. As of mid-2019, the country was home to 154 fintech companies which had attracted a total of US$1.1 billion in investment, according to Lam Nguyen Hai Long, chairman of the HCM City Computer Association.
— Fintech News

Vietnam is a safe destination amid global Covid-19 outbreak
Deputy Minister of Culture, Sports and Tourism has affirmed that Vietnam is a safe destination amid the global Covid-19 outbreak.

China, Vietnam vow to promote ties, jointly advance Lancang-Mekong cooperation
Chinese State Councilor and Foreign Minister Wang Yi met here Wednesday with Vietnamese Deputy Prime Minister and Minister for Foreign Affairs Pham Binh Minh, with both sides pledging to further promote bilateral ties and jointly advance Lancang-Mekong cooperation.
— Xinhua

LHCA considering trade mission to Vietnam
The Leather and Hide Council of America (LHCA) said it is considering leading a trade mission to Vietnam and Thailand in July 2020, given the growing importance of those two markets to the U.S. leather industry.
— International leather maker

Vietnam’s first overseas tourism office opened in UK
The first overseas tourism office of Vietnam was officially opened in London, the UK, on February 18.

Vietnam’s Bamboo in talks for up to a dozen 777Xs
Vietnamese start-up Bamboo Airways is in talks with Boeing to order as many as 12 777X twinjets.
— Flight Global

Vietnam, RoK firms join hands in green technology development
A memorandum of understanding (MoU) on investment and scientific-technological cooperation between firms of Vietnam and the Republic of Korea (RoK) was inked in Hanoi on February 18.
— VietnamPlus

Vietnam builds public private collaboration to address plastic waste
A Memorandum of Understanding (MoU) to build public private collaboration towards circular economy in plastic waste management was signed in Hanoi on February 19.
— VietnamPlus

Cambodia, Indonesia, Vietnam – which defence model will Philippines follow as US ties wither?
Over the past 70 years, the Philippines’ alliance with the United States has involved many twists and turns. Though not without its controversies, it has shown a remarkable ability to adapt to the demands of the times – encompassing traditional security, counterterrorism, disaster relief and maritime exercises.
— South China Morning Post

Hanoi gives a hand to enterprises affected by Covid-19
Small and medium enterprises are among the groups hardest hit by Covid-19, mainly due to its vulnerability to disruption of capital for production, and supply chains.
— The Hanoitimes

Vietnam eases grisp on car import
As Vietnam is deepening global economic integration, competition is inevitable, which leads to the government’s decision to ease restrictions on car import.
— The Hanoitimes

The first overseas tourism office of Vietnam was opened in London
The launch was attended by more than 200 guests from travel companies, the Foreign and Commonwealth Office of the UK, the Vietnam-UK Network, the Vietnamese Embassy in the UK and national flag carrier Vietnam Airlines.
— Vietnam Insider

Việt Nam aims to boost exports to India to solve virus difficulties
Among aquatic exports, tra fish (pangasius) is one of the few that compete in the Indian market.
— Viet Nam News

Nearly 40,000 train tickets returned due to Covid-19
Vietnam Railways (VR) said that its revenue dropped by nearly VNĐ65 billion (US$2.8 million) in the past 19 days compared to the same period last year due to the novel coronavirus outbreak.
— Viet Nam News

Price of poultry meat plummets
Prices of chicken and duck meat have plummeted on the domestic market over the past two weeks due to epidemics of novel coronavirus (Covid-19) and the A/H5N6 avian influenza, according to traders.
— Viet Nam News

Central bank makes net cash withdrawal amidst high inflation pressure
The State Bank of Việt Nam made a net cash withdrawal worth VNĐ86 trillion out of the economy through open market operations (OMO) from January 20 to February 14.
— Viet Nam News

Foreign banks fund for the construction of gas-fired power plants
PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
— Vietnam Insider

A woman was fined USD434.78 for spreading false news about the coronavirus
A woman in the Mekong Delta city of Can Tho has been fined VND10 million (USD434.78) for spreading false news about the coronavirus epidemic.
— Vietnam Insider

A baker debuts dragon fruit bread to help farmers
As metric tons of Vietnam’s dragon fruit are barred from being exported to China in light of the novel coronavirus disease (COVID-19) epidemic, a local baker has debuted new type of bread that uses the fruit as one of its main ingredients to roaring success.
— Vietnam Insider

FDI in Việt Nam expected to surge after the epidemic
As a major foreign investment hub, China is hit hard by the new strain of coronavirus, now known as Covid-19, but this also provides an opportunity for other countries to accelerate efforts to attract new foreign investment, especially investments in China which may seek other destinations.
— Viet Nam News

City aims to improve production of major industries
The chairman of the municipal People’s Committee has asked agencies to improve production of major industries and diversify tourism products, as well as speed up the capital disbursement rate of public investment projects.
— Viet Nam News

Morning News Roundup: Vietnam’s IT recruiting platform TopDev raises investment from Korean recruiting company SaraminHR
Finance Vietnamese IT recruiting platform TopDev raises investment from Korean recruiting company SaraminHR Vietnam-based IT recruiting startup TopDev announced that it has closed a seven-digit deal investment from Korean recruiting company SaraminHR.
— e27

Central bank makes net cash withdrawal amidst high inflation pressure
The State Bank of Việt Nam made a net cash withdrawal worth VNĐ86 trillion out of the economy through open market operations (OMO) from January 20 to February 14.
— Viet Nam News

Real estate businesses ask Government to remove difficulties
A conference on real estate market development aimed to discuss businesses’ difficulties in terms of the State’s policies on the real estate market, as well as solutions to aid the market’s stable and sustainable development.
— Viet Nam News

Economic worries drag VN stocks for a 3rd day
Vietnamese shares fell with regional markets on Tuesday on worries of the global economic recession.
— Viet Nam News

PM tells sugar firms it’s time to sink or swim
At the Cabinet meeting in Hà Nội, the Ministry of Agriculture and Rural Development reported that the sugar and sugarcane industry are suffering numerous difficulties.
— Viet Nam News

Farm produce prices slump as Covid-19 hits exports
The suspension of trade in seafood and agriculture products at some northern border gates with China as a measure against the novel coronavirus (Covid-19) has caused a demand-supply imbalance in the market.
— 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

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



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).



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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