Vietnam Morning News For July 24, 2020

COVID-19 vaccine’s expected to have in Vietnam soon
Vietnam expects to have a safe and effective Covid-19 vaccine in October 2021 when shortening the reviewing, appraising and approving of clinical trial process as well as testing and licensing of Covid-19 vaccine.
— Vietnam Times

Vietnam’s 2020 growth seen at 3%: StanChart
Further monetary and fiscal support in the second half of this year could push growth closer to the government’s target of 4-5%.
— The Hanoitimes

Apple’s products to be made in Vietnam very soon
Chinese IT manufacturer, also the AirPods supplier named Luxshare Precision, the owner of a number of plants in Bac Giang province, has just become the new iPhone production partners of the giant tech Apple.
— Vietnam Times

U.S.-Vietnamese joint venture to invest $6 billion in a power project in Vietnam
Chan May LNG, a U.S.-Vietnamese joint venture, plans to invest up to $6 billion in…
— Vietnam Insider

Global Covid-19 cases surrged past 15 million: Reuters tally
Global coronavirus infections surged past 15 million on Wednesday, according to a Reuters tally, with…
— Vietnam Insider

Viêt Nam to take opportunities from green energy
By shifting to a market mechanism, the local energy industry was mobilising great resources for of all economic sectors in Việt Nam, said Deputy Prime Minister Trịnh Đình Dũng.
— Viet Nam News

European businesses in Vietnam hope to return to normalcy in future: EuroCham
Open, competitive, and attractive place and to fostering more European investment and trade in the future.
— The Hanoitimes

Vietnam gov’t to clear hurdles to energy development
The Vietnamese government will continue drafting action plans, mechanisms and policies to materialize views and orientations stated in the Politburo-approved Resolution No.55 on the development of Vietnam’s energy industry, said Nguyen Van Binh, head of the Party Central Committee’s Economic Commission at the Vietnam Energy Summit 2020 on July 22.
— The Hanoitimes

VN reports seven newly-imported COVID-19 cases
VGP – All the seven newly-imported COVID-19 cases confirmed this afternoon are Russian experts, raising the patient tally to 408, according to the National Steering Committee for COVID-19 Prevention and Control.
— VGP Ministerial Activities

FPT profit up by 14 per cent in first half
FPT Corporation overcame challenges due to the Covid-19 pandemic in both the global and domestic market to achieve positive financial results in the first half of the year, especially in core business lines.
— Viet Nam News

Diversified activities to be held in ASEAN 2020
A series of business activities in ASEAN 2020 with the chair of Việt Nam Chamber of Commerce and Industry (VCCI) as assigned by the ASEAN National Committee 2020 would be carried out this year.
— Viet Nam News

Zoning plan for Red river needs to ensure sustainable development: Expert
Hanoi’s authorities have actively worked with relevant ministries and agencies to accelerate the zoning plan of the riparian areas on both sides of the Red river crossing the capital city.
— The Hanoitimes

Hanoi keen on developing knowledge and digital economy in downtown districts: Mayor
Dong Da district must be determined to achieve the highest socio-economic, financial and budget targets in 2020.
— The Hanoitimes

European firms more positive about Vietnam’s business climate
European businesses are more positive about Vietnam’s trade and investment environment in the first few months after COVID-19, the Business Climate Index (BCI) unveiled by the European Chamber of Commerce in Vietnam (EuroCham) on July 22 showed.
— VIR

AEON tells Vietnamese firms seeking to increase exports to Japan to up their game
Vietnamese exporters must make highly competitive products if they want them to be distributed in Japan through the network of AEON group, experts told a meeting in HCM City yesterday (July 22).
— Viet Nam News

Respect Vietnam’s legitimate interests in South China Sea: Hanoi tells Beijing
Vietnam urged China to refrain from further complicating the situation and not to expand disputes in the South China Sea.
— The Hanoitimes

Low economic outlook drags on local shares
Market sentiment returned the caution territory on worries about the economy growth.
— Viet Nam News

Vietnam plans to issue a new directive to tackle the air pollution
Air pollution in Vietnam has risen sharply over the years, often reaching alarming, lung-wrecking levels.
— Vietnam Insider

Sacombank profit reaches $61.5 million in the first half
Sacombank has released its consolidated financial statements for the second quarter, with profit before tax going up by more than 10 per cent from the same period last year to VNĐ441 billion (US$19 million).
— Viet Nam News

Low economic outlook drags on local shares
Vietnamese shares ended Wednesday on a negative note as market sentiment was clouded by pessimism about the growth of both global and local economies amidst the surge in total coronavirus infection cases.
— VIR

Hanoi airport to stop public announcements to minimize noise
Hanoi’s Noi Bai International Airport will stop making flight announcements via loudspeakers in a bid…
— Vietnam Insider

Vietnamese businesses need to reach out to global market: experts
Việt Nam is entering a level playing field in which efficient solutions to maintain economic development causes headaches for experts and business leaders.
— Viet Nam News

No mass acquisition of domestic enterprises recorded
Due to the COVID-19 pandemic, some businesses have to look for buyers, creating concern that local businesses could be taken over by foreigners. Việt Nam News spoke with economist Nguyen Mại, Chairman of the Association of Foreign Investment Enterprises, about the issue.
— Viet Nam News

US-tech giant Google offers support to Vietnamese enterprises
US-tech giant Google looks to build long-term cooperation with Vietnam. Google, with its experience, is…
— Vietnam Insider

Vietnam speeds-up the production of Coronavirus vaccine
The Covid-19 vaccine developed by Vietnam has shown positive testing results on animals, serving as…
— Vietnam Insider

Many countries reported their COVID-19 vaccine trials, here’s what we know
Many countries have recently reported development in their COVID-19 vaccine trials, bringing hope to the…
— Vietnam Insider

Vietnam gives special permission to nearly 4,000 Koreans businesspeople and their family to enter the country
Nearly 4,000 businesspeople and family members of Koreans residing in Vietnam will be allowed to…
— Vietnam Insider

After the AirPods Pro, Apple’s New 2021 AirPods will be made in Vietnam?
A redesigned version of the AirPods is now expected to be assembled in Vietnam and…
— Vietnam Insider

First housing project in Khánh Hòa allowed to sell apartments to foreigners
The Scenia Bay Complex became the first housing project in Khánh Hòa Province allowed to sell apartments to foreigners, according to a recent announcement of the provincial Department of Construction.
— Viet Nam News

Hanoi urged to be cautious about relaxing residency conditions
The Hanoi government should make a plan to reduce the population density in urban districts to avoid the mechanical population increase and disrupting social infrastructure.
— The Hanoitimes

VN promotes durian in Australia
The Vietnamese Trade Office in Australia and New South Wales – headquartered ASEAN Company co-organised the Việt Nam Durian Week In Australia, which will run until July 31.
— Viet Nam News

Indonesian scholar praises Vietnam as mirror of ASEAN’s ideals, values
Vietnam is increasingly becoming a ‘poster-boy’ of what embracing ASEAN’s ideals and values can bring to the people, head of the ASEAN Studies Program at the Indonesia’s Habibie Centre Ahmad Ibrahim Almutaqqi has told the Vietnam News Agency.
— Vietnam Times

Việt Nam and New Zealand to use electronic clearance for agricultural products
Việt Nam and New Zealand signed an agreement to use electronic certification in the clearance of agricultural products in Hà Nội yesterday.
— Viet Nam News

More than 49 per cent of manufacturing firms optimistic about Q3
In total, 49.1 per cent of surveyed enterprises believed they will be in better shape in the next three months.
— Viet Nam News

Viet Nam Energy Summit opens in Ha Noi
VGP – The Viet Nam Energy Summit 2020 was held by the Party Central Committee’s Economic Commission in Ha Noi on July 22, aiming to disseminate the Politburo’s Resolution No. 55-NQ/TW on the orientation of Viet Nam’s National Energy Development Strategy to 2030, with a vision to 2045.
— VGP Government in Action

Bình Sơn Refining and Petrochemical faces revenue slump
The company suffered a loss of VNĐ4.25 trillion in the first half of the year while it enjoyed a post-tax profit of VNĐ704 billion in the same period in 2019.
— Viet Nam News

Cargill builds four schools in Việt Nam
Cargill has opened its 96th Cargill Cares school in Việt Nam in the Central Highlands province of Đắk Lắk.
— Viet Nam News

Large-scale offshore wind power project to be developed in Binh Thuan
VGP – Denmark’s Copenhagen Infrastructure Partners (CIP), along with Asiapetro and Novasia Energy, on July 22 signed a memorandum of understanding (MoU) with the Binh Thuan Provincial People’s Committee concerning the development of the 3.5GW La Gan wind power project off the coast of the south-central province.
— VGP Local Activities

Rubber companies report lower earnings amid falling rubber prices
Rubber producers reported poor second-quarter business results due to decreasing rubber prices, eyeing industrial zone development.
— Viet Nam News

NA leader welcomes investors to Bà Rịa-Vũng Tàu
The National Assembly will propose the Government minimise administrative procedures for investment projects, said National Assembly Chairwoman Nguyen Thị Kim Ngân.
— Viet Nam News

What’s really happening in the Philippines?
With more than 70,000 infections, the Philippines has the second-highest case count in Southeast Asia,…
— Vietnam Insider

Here’s how the full, joint statement from New Zealand and Vietnam leadership look like
A Strategic Partnership between New Zealand and Vietnam has been announced, following a virtual meeting…
— Vietnam Insider

Seven foreigners test positive for coronavirus in Vietnam
Seven Russian experts have tested Covid-19 positive, taking Vietnam’s tally to 408 as of Wednesday…
— Vietnam Insider

Bắc Giang to expand industrial parks, clusters to lure investment
The northern province of Bắc Giang plans to focus on developing industrial parks and clusters to welcome a new wave of investment to the locality, according to Director of the provincial Department of Industry and Trade Trần Quang Tấn.
— Viet Nam News

Pictures: How Vietnamese transport their dogs out
Many people choose to hire a pet courier or relocation service to handle the safe…
— Vietnam Insider

Five die in Hà Giang heavy rain
Five people have been killed and two others injured in flooding in Hoàng Su Phì District, the northern mountainous Hà Giang Province on Tuesday, according to the latest report from the provincial authorities.
— Viet Nam Net

Feature photo Vietnam News Agency
This week’s Vietnam morning news feature photo focus on Mango Day, July 22.

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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