Vietnam Morning News For June 12, 2020

MoIT denies reports about power price increase
The Ministry of Industry and Trade (MoIT) late on Tuesday denied reports that the nation’s electricity price had increased. The reports had appeared on some websites and social media posts.
— Viet Nam News

Vietnam’s Support Policy to Recover Economy: Resolution 84
As Vietnam comes out of lockdown and attempts to recover its economy, the government on May 29 issued Resolution 84/NQ-CP (Resolution 84) unveiling a number of incentives for businesses affected by the pandemic.
— Vietnam-Briefing

Vietnam Objects to China’s Undersea Cable Construction in Paracels
Vietnam objected Thursday to China’s recent reported laying of undersea cables in the disputed Paracel Islands, saying it was a violation of Vietnamese sovereignty.
— Radio Free Asia

Vietjet to Expand Domestic Network with 8 New Routes
Vietjet has unveiled plans to launch eight new domestic routes from 18 June 2020.
— Asia Travel Tips

Vietnam wind boost as government extends feed-in tariff to plug coal gap
Prime Minister tells energy ministry to lengthen deadline and speed up approvals for turbines.
— Recharge News

Japan sets daily arrival quota for Vietnam, among three other nations
Planning to ease its Covid-19 travel restrictions, Japan will allow up to 250 foreign arrivals per day from four countries, including Vietnam.
— VnExpress

Exxon Mobil eyes LNG-to-power projects in Vietnam: government
Exxon Mobil Corp is exploring the possibility of investing in new projects to develop LNG-to-power plants in Vietnam, the Southeast Asian government said on Thursday.
— Reuters

Vietnam to resume flights to Guangzhou, Taiwan, Seoul and Tokyo
Vietnam said on Thursday it is preparing to resume international flights to China, Taiwan, South Korea, Japan and Laos in a bid to sustain growth, with the first flights set for early July, according to sources.
— Nikkei Asian Review (paywall)

Vietnam could be a rare winner from the coronavirus pandemic
It’s hard to say which is more remarkable: that Vietnam has recorded zero COVID-19 deaths despite a population of 96 million, or that the communist government expects the economy to grow by 5% this year during a massive global recession.
— Axios

Backgrounder: Agriculture 4.0 in Vietnam
In Vietnam’s Mekong delta, getting rice from a sticky mud field to bowl, isn’t a simple process.
— Geopolitical Monitor

Steelmaker Hoà Phát aims for 19 per cent profit growth
The group targets to collect revenue of VNĐ86 trillion this year, up 33 per cent against last year.
— Viet Nam News

Imported pigs from Thailand expected to reduce Việt Nam’s pork price
The price of live hog in the Vietnamese market decreased recently after the Ministry of Agriculture and Rural Development (MARD) allowed imports of pigs from Thailand.
— Viet Nam News

Will China ‘suffer’ following recent Vietnam-EU FTA?
Vietnam’s National Assembly recently ratified the European Union Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), aiming to eliminate almost 99 percent of customs duties between Vietnam and the EU over the next 10 years.
— Global Times

Việt Nam’s northern region faces longest heatwave for 27 years
The heatwave scorching northern Việt Nam since earlier this month is expected to linger until June 13 and may become the longest to have hit the region in 27 years.
— Viet Nam Net

Exemption of agricultural land use tax extended to end of 2025
VGP – With 94.41% of votes, a resolution to extend the exemption of agricultural land use tax was passed at the ongoing ninth session of the 14th National Assembly on June 10 in Ha Noi.
— VGP RSS Feed

Financial, banking stocks drive market up
Financial-banking stocks spearheaded the market rebound and kept the VN-Index stable at 900 points
— Viet Nam News

MoIT to open online conference to bring Vietnamese products to Japan
Việt Nam Trade Office in Japan and the Tokyo SME Support Center will host an online trade conference on to promote Vietnamese agriculture products on June 30
— Viet Nam News

Facebook and MPI launch “Proud Việt Nam” tourism promotion project
Facebook, in collaboration with the Ministry of Planning and Investment, launched the Proud Việt Nam project, including the Immense Việt Nam music video, which aims to promote interest in Việt Nam’s tourism development.
— Viet Nam News

Supermarkets to help lychee farmers sell their produce
Several large supermarket chains have pledged to support the consumption of lychees as the fruit enters the harvest season in the northern provinces of Bắc Giang and Hải Dương, the two biggest growers of the fruit in the country.
— Viet Nam News

Bank fails to disburse Gov’t’s non-interest loan package
Việt Nam Bank for Social Policies has not yet disbursed any loan from the Government’s non-interest credit package of VNĐ16 trillion, said Deputy Director of the bank Trần Lan Phương.
— Viet Nam News

Commentary: Vietnam is emerging a lot stronger from this coronavirus outbreak
Frontline workers have been successful in catching imported cases and maintaining Vietnam’s low community transmission in the second phase of the pandemic, says an observer.
— CNA

Gov’t mulls over resumption of int’l commercial flights in cautious manner
VGP – Prime Minister Nguyen Xuan Phuc has assigned the National Steering Committee for COVID-19 Prevention and Control to figure out criteria defining safe regions and areas to which international commercial passenger flights could be gradually resumed.
— VGP RSS Feed

Billionaire Johnathan Hạnh Nguyen wants to invest in Bắc Vân Phong
Diversified conglomerate Imex Pan Pacific Group (IPP) of dollar billionaire Johnathan Hạnh Nguyen wants to invest in Bắc Vân Phong, pledging to attract US$40 billion investment to turn the region into a modern economic zone.
— Viet Nam News

Two projects worth $215 million granted in Hà Nam
The People’s Committee of the northern province of Hà Nam province said that it had granted a decision on investment guidelines for two projects, worth nearly VNĐ5 trillion (US$214.6 million)
— Viet Nam News

Property firms return to market after Covid-19
After a brief hiatus, property companies have been resuming sales of developments and revealing their post-Covid-19 business plans since the beginning of May.
— Viet Nam News

Pig breeding firms report surge in profit
Many large pig breeding firms in the country have reported a surge in profits in the first months of the year thanks to high prices due to a supply shortage.
— Viet Nam News

PNJ reduces targets for this year due to pandemic
Shareholders of Phú Nhuận Jewelry Joint Stock Company (PNJ) approved the company’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held in HCM City on Wednesday.
— Viet Nam News

Marketing now a must for homestay owners due to COVID-19 pandemic
Instead of standing pat, Hằng and others spent on photographs, videos and social network marketing to change the situation.
— Viet Nam News

VinaCapital no longer a major shareholder of Dabaco
VinaCapital Fund Group has announced that it is no longer a major shareholder of Dabaco Group JSC (DBC).
— Viet Nam News

Experts urge lifting of foreign ownership caps
Việt Nam should loosen restrictions on foreign ownership and encourage entrepreneurship in new and revolutionary industries to attract foreign capital, said experts.
— Viet Nam News

Belgium donates sanitary packages to preschool children in 3 central provinces
VGP – Belgian Ambassador Paul Jansen on June 10 paid a visit to Belgian-funded program in early childhood education in Quang Nam province.
— VGP Local Activities

VN goes 56 days without community infections
VGP – Viet Nam reported 192 imported coronavirus cases and no community infection in 56 consecutive days, according to the National Steering Committee for COVID-19 Prevention and Control.
— VGP Ministerial Activities

Tra fish industry strives to increase domestic market share
The Ministry of Agriculture and Rural Development opened an event in Hà Nội on Tuesday to promote the domestic consumption of tra fish products.
— Viet Nam News

HOSE announces resumption of trading after fixing system glitch
The Ho Chi Minh Stock Exchange announced on Wednesday morning that the issue with its trading system on June 9 has been resolved, and trading is back to normal.
— Viet Nam News

Co-operative forum to be held in Q3
Deputy Prime Minister Trịnh Đình Dũng approved the Ministry of Planning and Investment’s plan of organising the cooperative forum in the third quarter of this year.
— Viet Nam News

New traders flock to market
Of the new 100,000 accounts, 31,900 were opened in March and 36,700 were opened in April.
— Viet Nam News

Bitter harvest for Mekong fruit farmers
Many fruit farmers in the Mekong Delta have suffered losses this year due to crop failure caused by drought and saltwater intrusion and lower demand for fruits.
— Viet Nam News

Feature photo ILO Asia-Pacific
This week’s Vietnam morning news feature photo focus on World Day Against Child Labour, June 12.

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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