Vietnam Morning News For February 3, 2020

nCoV: Vietnam reports 8 infected cases, quanrantines 27
Vietnam has recorded eight people infected with the Wuhan coronavirus (nCoV) and 27 others are in quarantine as of February 2, according to the latest data of the Vietnamese Ministry of Health.
— The Hanoitimes

Vietnam bans all flights to and from China over coronavirus
Vietnam declared a public health emergency over the coronavirus epidemic on Saturday and said it would halt all flights to and from China.
— Reuters

nCoV to cause long-term impacts on Vietnam – China economic relations
This is the right timing for Vietnam to restructure economic sectors, said Minister of Industry and Trade Tran Tuan Anh.
— The Hanoitimes

More Vietnamese companies invest in robot production as demand rises
More Vietnamese businesses are investing in the robot manufacturing industry as demand for such products is growing rapidly in Vietnam, experts have said.
— Eleven Myanmar

Vietnam invests US$3.97 million abroad in January
The latest updates from the Foreign Investment Agency revealed that Vietnam invested US$3.97 million abroad in January, more than three times higher than the same month last year.
— NDO

Vietnam’s HDBank earnings full-year 2019 beat estimates
The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) has reported impressive results for the fourth quarter of 2019, with after-tax profit increasing by 40.1 percent year-on-year to US$67.7 million.
— Vietnam Insider

Update: Vietnam PM declares national nCoV epidemic
Vietnam declares the national epidemic after the country found six infected cases, including one under human-to-human transmission.
— The Hanoitimes

PM ratifies national financial inclusion strategy until 2025
Prime Minister has approved the national financial inclusion strategy until 2025 with a vision to 2030, targeting at least 80 per cent of adults in the country to have bank accounts.
— Viet Nam News

Vietnam needs China to fulfill its 2045 dream of economic revival
Vietnam’s GDP grew at a rate of more than 7 percent for the second consecutive year, clocking in at 7.02 percent in 2019, according to the General Statistics Office of Vietnam.
— Global times

nCoV: Vietnam sets up epidemic prevention working group
The working teams will keep an eye on the epidemic which leaves more than 60 suspected cases so far.
— The Hanoitimes

Fierce competition forecast between ports
The volume of international cargo that passed through ports in the first nine months of 2019 increased by 6 percent year-on-year, lower than the 8 percent rate in 2018 and 9 per cent in 2017.
— VietnamPlus

What are priority actions needed for Vietnam to become a more prosperous nation in the coming decades?
Vietnam has reaped impressive economic successes in 2019 and is expecting a bumper crop this year. Raymond Mallon, senior economic advisor to the Australia-Vietnam Economic Reform Program, analyses these achievements and discusses priority actions needed for Vietnam to become a more prosperous nation in the coming decades.
— Vietnam Insider

China seeks to import medical face masks from Vietnam
In Vietnam, demand for medical face masks and hand sanitizers has increased sharply on fears of potential outbreak of the new coronavirus (nCoV).
— The Hanoitimes

Vietnamese-American visitor confirmed 7th nCoV infection in Vietnam
A Vietnamese-American quarantined in Saigon has tested positive for the new, China-originated coronavirus, bringing the number of confirmed infections to seven in Vietnam.
— VnExpress

Vietnam reverses Taiwan flight ban after causing chaos
Taiwan’s Civil Aeronautics Administration (CAA) has confirmed that Vietnam has withdrawn its previous announcement that it was imposing a ban on flights with Taiwan to keep the threat of spreading coronavirus at bay.
— Focus taiwan

Hanoi’s second metro line gets ready for trial run next year
A dynamic test of Hanoi’s second metro line is set to take place in September to prepare it for a test run in March 2021.
— VnExpress

When Destroyers Were Too Large For Vietnam, Navy Swift Boats Answered The Call
In addition to standard aircraft carrier and warship patrol operations in the open sea, naval action during the Vietnam War developed a character of its own. While the U.S. Navy maintained responsibility for more traditional functions, the interior waterways of Vietnam became an area of operations that required a different approach.
— Yahoo News

Foreign tourists experience farming life in Trang An
Eco-tours that guarantee full immersion in the agricultural lifestyle of rural Vietnam have attracted more visitors to Trang An tourist site in the northern province of Ninh Binh.
— Viet Nam Net

Vietnam Airlines, Jetstar Pacific cut China flights
Vietnam Airlines and Jetstar Pacific will stop flights on some routes to China and reduce them on others amidst the ongoing coronavirus outbreak.
— VnExpress

Post-fire losses darken days for light bulb maker
Light bulb maker Rang Dong, whose Hanoi warehouse was gutted by a fire, has reported Q4 losses of almost VND36 billion ($1.5 million).
— VnExpress

Vietnam Experience exhibit opens at Highground museum
It’s the grand opening on Feb. 1 for a new interactive exhibit called the “Vietnam Experience” at The Highground Veterans Memorial Park near Neillsville.
— Hubcity Times

HDBank records over $216 million profit in 2019
The HCM City Development Joint Stock Commercial Bank (HOSE: HDB) has reported impressive results for the fourth quarter of 2019, with after-tax profit increasing by 40.1 per cent year-on-year to VNĐ1.57 trillion (US$67.7 million).
— Viet Nam News

Pork and face mask prices heat up pricing committee meeting
The prices of pork and face masks were the centre of discussion at an extraordinary meeting of the steering committee for pricing on January 31, under the chair of its head, Deputy Prime Minister Vuong Dinh Hue.
— NDO

Vietnam, Czech Republic mark 70th anniversary of diplomatic ties
Vietnamese Ambassador to the Czech Republic Ho Minh Tuan highlighted milestones in Vietnam – Czech Republic ties during an interview recently granted to the Vietnam News Agency, on the occasion of the 70th anniversary of diplomatic ties (February 2).
— VietnamPlus

Vietnam achieves targets during UNSC presidency month: Ambassador
Vietnam has completed what it planned to do during the month it held the presidency of the UN Security Council, said Ambassador Dang Dinh Quy, Head of Vietnam’s Permanent Mission to the UN.
— VietnamPlus

Việt Nam reports trade deficit of $100 million in January
Việt Nam reported an estimated trade deficit of US$100 million in January, according to the General Statistics Office (GSO).
— Viet Nam News

The U.S.-China Trade War Has Vietnam in the Crosshairs
A Cold War battleground once looked like one of the few winners as the two superpowers vied for dominance. Now it’s bracing for trouble.
— Bloomberg

LTE: Escalation came before hostilities ended in Vietnam
While it is true that the Vietnam War eventually ended under the Nixon administration, it would go through a serious escalation first. Fact check info is from from the internet.
— The Intell

Is the local fashion scene in danger?
With the opening of Japanese fashion giant Uniqlo in HCM City, locals now have another shopping option for affordable clothing, but the new store could also pose a threat to the local fashion industry.
— Viet Nam News

More fined in Vietnam for spreading coronavirus rumors
Six people in northern Vietnam have been fined VND12.5 million ($541) each for spreading false information about the new coronavirus.
— VnExpress

2020 Might See Rise Of Blockchain Start-Ups In Vietnam
2020 is going to be the year of tech start-ups, and companies related to cryptocurrency, AI, Big Data, and other related fields are ready to take the stage.
— The Coin Republic

Mekong Delta aims for sustainable shrimp production at high profits
Provinces in the Cửu Long (Mekong) Delta, the country’s largest shrimp producer, are increasing their shrimp output this year and focusing on developing sustainable shrimp farming models that bring high profits.
— Viet Nam News

Prices of pork, facemasks discussed by pricing committee
The prices of pork and facemasks were the centre of discussion at an extraordinary meeting of the steering committee for pricing last week chaired by its head, Deputy Prime Minister Vương Đình Huệ.
— Viet Nam News

Favourable policies expected to drive Việt Nam auto market growth
The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output.
— Viet Nam News

VN aims to become global agriculture powerhouse
Việt Nam is pursuing an ambitious plan to become a global agricultural powerhouse by 2030, according to Government Resolution 53/NQ-CP.
— Viet Nam News

Hoa Phat Group posts 13-percent rise in profit in 2019
Hoa Phat Group, a multi-sectoral conglomerate, reported after-tax profit at over 7.5 trillion VND in 2019, up 13 percent from its target.
— VietnamPlus

Feature photo © UNICEF Viet Nam/ Truong Viet Hung

This week’s Vietnam morning news feature photo focus on the novel coronavirus (2019-nCoV) outbreak.

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