Vietnam Morning News For June 2, 2020

Gov’t proposes investment options to develop North-South Expressway
The Government has proposed to the National Assembly three options for transforming investment models at sub-projects of the Eastern North-South Expressway for consideration.
— Viet Nam News

Japan weighs easing entry ban for Thailand and Vietnam
Japan will begin discussions with Australia, New Zealand, Thailand and Vietnam over the easing of coronavirus travel restrictions, Nikkei has learned, in its first step toward normalizing international travel suspended by the pandemic.
–– Nikkei Asian Review (paywall)

Vietnam on alert for new DIV1 virus
Vietnam is on alert for a deadly new virus that could decimate its shrimp industry.
— New Straits times

Vietnam provides 25,000 masks to expats in RoK
The Vietnamese Government presented 25,000 medical masks to Vietnamese expatriates in the Republic of Korea (RoK) on June 1, to help the fight against COVID-19.
— VietnamPlus

Vietnam’s industrial production up slightly in 5 months
Vietnam’s national index of industrial production advanced 1 percent year-on-year between January and May, the lowest level in the past several years, according to the country’s General Statistics Office on Monday.
— Xinhua

Various activities to be held during Vietnam Seas and Island Week
The Vietnam Sea and Islands Week will take place in the South Central Coastal province of Phu Yen from June 1-8 under the theme “Innovation for Vietnam’s sustainable ocean economy”, the Ministry of Natural Resources and Environment has announced.
— NDO

KiotViet talks about e-commerce retail in Vietnam and how Covid-19 has shaken up the scene
Vietnamese business solutions startup KiotViet, which was set up in 2014, provides small and medium-sized enterprises (SMEs) with software for inventory, sales and other functions. It claims to have 100,000 stores under its belt so far, with a target of 200,000 more by 2022.
— Business Times

Việt Nam’s beer market expects big changes in 2020
Việt Nam’s beer market would have great changes in 2020 as the country has always been a potential market for domestic and foreign beer enterprises. The fierce competition has been forecasted early since more and more foreign brands were looking for opportunities in the market.
— Viet Nam News

Việt Nam’s retail sales down in five months
If inflation was excluded, retail sales dropped 8.6 per cent, compared to 8.5 per cent seen in last year’s corresponding period.
— Viet Nam News

US is VN’s biggest export market in Jan-May
The US was Việt Nam’s leading export market in the first five months of the year, despite a slight decrease in total export turnover.
— Viet Nam News

Vietnam seeks to attract relocated investment in wake of coronavirus
As global companies look to relocate their manufacturing facilities after the coronavirus pandemic, the Prime Minister has decided to set up a special working group to formulate a plan to attract this important source of capital.
— NDO

Vietnam brewer Sabeco sees first signs of post-pandemic recovery
Vietnamese brewer Sabeco, a unit of ThaiBev, said on Monday its business was beginning to regain momentum after suffering from the impact of the COVID-19 pandemic and tough local drink-driving laws earlier this year.
— Financial Post

Vietnam’s police bust $2.7B online gambling circuit
Vietnamese police have smashed a massive online card ring with revenues estimated at 64 trillion dong ($2.7 billion), the biggest ever bust of its kind in a country where most gambling is banned but remains rampant.
— The Phnom Penh Post

No new COVID-19 cases confirmed in Vietnam on June 1 evening
Vietnam recorded no new COVID-19 infection as of 6pm on June 1, marking the 46th day in a row without coronavirus transmission in the community, according to the National Steering Committee for COVID-19 Prevention and Control.
— VietnamPlus

19th ‘Chinese Bridge’ contest held in southern Vietnam
The final round of the 19th “Chinese Bridge,” an annual Chinese language proficiency competition, for southern Vietnam was held in Vietnam’s southern Ho Chi Minh City on Saturday.
— China.org

Vietnam: Optimising infrastructure on Hanoi’s nascent network
Hanoi is on the cusp of opening the first sections of a planned eight-line metro network, including the east-west Line 3, where track and electrification fit-out is being handled by Colas Rail and Pandrol.
— Railwaygazette

Russia’s State Museum of Oriental Art organises Vietnam Week
The State Museum of Oriental Art of Russia organised a Vietnam Week from May 25-31 on its Instagram page to introduce the most typical among objects displayed at its Vietnam Space.
— VietnamPlus

SEA Digest: 500 Startups backs Vietnam’s Voiz FM; Iterative announces first batch
Vietnam’s audiobook and podcast platform Voiz FM has raised seed funding from 500 Startups Vietnam while Singapore-based startup accelerator Iterative announced eight startups for the first batch of its Summer 2020 cohort.
— DealStreetAsia

Miss Tourism Vietnam 2020 beauty contest kicked off
The 2020 Miss Tourism Vietnam pageant has been kicked off, contributing to the national tourism promotional program to stimulate travelling after the pandemic.
— Sggp News

German media ‘decodes’ Vietnam’s success in fighting COVID-19
Germany’s Marzahn-hellersdorf portal has run an article pointing to factors that contributed to Vietnam’s success in its battle against COVID-19, which include early action, contact tracing, and communications.
— VietnamPlus

Vietnam enters 46th day without community transmission of Covid-19
The Health Ministry confirmed no new Covid-19 case on June 1 morning, meaning the nation remained clear of community transmissions for 46 consecutive days.
— VietnamPlus

Vietnam’s retail sales down in five months
Total revenue of retail trade and services reached more than 1.91 quadrillion VND (82.36 billion USD) in the first five months of this year, down 4 percent year-on-year, a report from the General Statistics Office (GSO) showed.
— VietnamPlus

Vietnamese Prime Minister allows over 300 Chinese traders to enter to buy lychees
Prime Minister Nguyen Xuan Phuc has given permission for Chinese traders to enter Vietnam to buy lychees in the northern province of Bac Giang, a lychee growing hub.
— Fresh Plaza

Blue chips highlight VN-Index’s third straight gaining session
The VN-Index surged 1.64 percent to 878.67 points Monday, with all but one of Vietnam’s blue chips closing in the green.
— VnExpress

Vietnam may delay public sector wage hike
The 7.3 percent wage hike for civil servants might be delayed as the government responds to budget pressures exerted by Covid-19.
— VnExpress

Vietnam’s factory activity contracts at lower space: survey
Vietnam Purchasing Managers’ Index (PMI), which measures the economic health of the country’s manufacturing sector, jumped to 42.7 in May from 32.7 in April, signaling a much softer decline in business conditions, a report compiled by the London-based global information provider IHS Markit revealed on Monday.
— Xinhua

In Vietnam’s aging society, homeless women find shelter with nuns
More than 1.6 billion people worldwide live in substandard housing. Of those, at least 150 million have no home at all.
— Global Sisters Report

Việt Nam wood products exports increase by 6 per cent despite pandemic
Exports of wood and wood products in the first four months of the year were worth nearly US$3.2 billion, a year-on-year increase of 6 per cent, according to the General Department of Customs.
— Viet Nam News

Vicostone’s shareholders approve two scenarios for 2020 business
Vicostone Joint Stock Company specialises in manufacturing and supplying high-quality quartz-based engineered stones under VICOSTONE® Quartz Surfaces brand.
— Viet Nam News

New established firms surge 36% in May
The GSO attributed this month’s positive figures to the end of the social distancing orders and effective support programmes from the Government.
— Viet Nam News

Nearly 8,000 people under medical surveillance to prevent COVID-19 transmission
VGP – Nearly 8,000 people who have been in close contact with COVID-19 patients or repatriated from the pandemic-stricken areas are under medical surveillance, the National Steering Committee for COVID-19 Prevention and Control said Sunday afternoon.
— VGP RSS Feed

Market to grow slowly amid ETF reviews, more selling
The fund’s quarterly review had little impact on local stock market and the market ended slightly up as investors waited for its final results
— Viet Nam News

More than 340 citizens repatriated from Singapore
VGP – A Viet Nam Airlines flight carrying more than 340 Vietnamese citizens from Singapore landed at the Can Tho International Airport on May 31, according to the Ministry of Foreign Affairs.
— VGP RSS Feed

Nine things to keep business on track amid COVID-19
The COVID-19 pandemic has had a strong impact on the flow of goods delivery when many countries implement social distancing, strictly (but not completely) restricting trading activities through both sea and air
— Viet Nam News

Feature photo Aeon Mall Vietnam
This week’s Vietnam morning news feature photo focus on World Environment Day, June 5.

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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