Vietnam Morning News For March 19, 2020

Covid-19 impacts: Vietnam aviation suffers $1.3 billion revenue loss
Vietnamese carriers have lost more than VND30 trillion ($1.3 billion) in revenues as a result of the Covid-19 pandemic, the transport ministry estimates.
— VnExpress

Billion-dollar wildlife industry in Vietnam under assault as law drafted to halt trading
Vietnam’s prime minister, Nguyen Xuan Phuc, has asked the country’s agriculture ministry to draft a directive to stop illegal trading and consumption of wildlife over fears it spreads disease.
— The Guardian

Economic Watch: Trade recovers on China-Vietnam border
Hundreds of flat-bed and container trucks queued along a border bridge in Dongxing, a city in south China’s Guangxi Zhuang Autonomous Region, waiting for customs clearance, a scene that signifies the recovery of trade on the China-Vietnam border from the COVID-19 epidemic.
— Xinhua

Heineken launches Heineken® 0.0 in Vietnam: Great taste with Zero alcohol
HEINEKEN presented its latest innovation in Vietnam, Heineken® 0.0, a non-alcoholic lager brewed with a unique recipe for a distinct balanced taste – and only 69 calories per 330ml bottle.
— Viet Nam News

Covid-19 cases rise to 67 in Vietnam
Vietnam’s Ministry of Health confirmed a new Covid-19 case in its central province of Ninh Thuan on Wednesday (March 18), bringing the total number in the country to 67.
— The Star Online

E-commerce market to almost double by 2023: report
Vietnam’s e-commerce market is projected to grow to VND399.5 trillion ($17.3 billion) in 2023 from VND218.3 trillion ($9.4 billion) last year, according to GlobalData.
— VnExpress

Vietnam Introduces Law Aimed at Fighting Climate Change
Vietnam has introduced legislation to advance its greenhouse gas reduction goals as per the Paris climate accord, decreasing worries the fast-growing nation’s reliance on coal would stymie those efforts.
— VOA

Vietnam Airlines Suspends Flights to France and Malaysia
Vietnam Airlines has suspended services between Vietnam and France, as well as Malaysia.
— Asia Travel Trip

Jan-Feb petroleum exports plummet
Petroleum exports in the first two months this year fell 21.6 percent year-on-year in volume and 21.3 percent in value.
— VnExpress

Digital transformation expected to boost export of forestry products
Việt Nam’s export value of wood and wood products reached US$1.53 billion in the first two months of this year, marking a year-on-year increase of 10.1 per cent, according to a report by the Ministry of Agriculture and Rural Development.
— Viet Nam News

Vietnam reports new case of COVID-19 linked to Malaysia mosque event
Vietnam has confirmed an additional case of coronavirus linked to a mosque event in Malaysia, its health ministry said on Wednesday (Mar 18), bringing its total number of cases to 67.
— Channel NewsAsia

Vietnam to cease visa issuance for one month
Vietnam will cease issuing visas for incoming visitors over the next 30 days as the country seeks to prevent the spread of coronavirus.
— Flight Global

Vietnam: Passengers from ASEAN countries subject to compulsory quarantine
Citizens of ASEAN countries or those from other countries who have stayed or transited ASEAN member states within 14 days before the date of their entry into Vietnam will be subject to compulsory concentrated quarantine for 14 days since the date of arrival, starting from 12am on March 18.
— The Sun Daily

Ministry makes int’l accounting rules compulsory after 2025
The Ministry of Finance on Monday issued a decision regulating the roadmap for the application of International Financial Reporting Standards (IFRS), replacing the current Vietnamese accounting standards (VAS).
— Viet Nam News

Pork imports up more than 200 per cent
Việt Nam imported nearly 25,300 tonnes pork as of March 15, representing a rise of of 205 per cent over the same period last year, latest updates from the Ministry of Agriculture and Rural Development showed.
— Viet Nam News

Vietnam: Japanese Imported Scrap Prices Up Recently
Imported scrap trades to Vietnam picked up last week, with a few major bookings being reported from Japan, even as high currency exchange rate last week moved prices upwards.
— MySteel

Digital transformation expected to boost export of forestry products
Việt Nam’s export value of wood and wood products reached US$1.53 billion in the first two months of this year, marking a year-on-year increase of 10.1 per cent, according to a report by the Ministry of Agriculture and Rural Development.
— Viet Nam News

Aviation industry asks for tax break due to COVID-19
The Ministry of Transport has proposed Prime Minister Nguyen Xuân Phúc cut several taxes and service prices for the aviation industry, which is being heavily affected by the COVID-19 pandemic.
— Viet Nam News

KTG Industrial starts construction of Nhơn Trạch 3B Industrial Centre phase 2
KTG Industrial, a subsidiary of the KTG Group focusing on industrial development, on March 17 broke ground for the construction of Nhơn Trạch 3B Industrial Centre phase 2 project at the Nhơn Trạch 3 Industrial Zone in Đang Nai Province.
— Viet Nam News

Vietnam boasts opportunities to expand exports to Sweden
It is forecast that Vietnam will have great opportunities to export more types of products to Sweden when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.
— NDO

ABBANK launches promotion for Visa contactless cards
An Bình Commercial Joint Stock Bank (ABBANK) has launched the Cashless payment – Instant cash back promotion programme for its Visa contactless cardholders.
— Viet Nam News

Việt Nam’s garment exports down in two months
Việt Nam saw a year on year reduction of 3.5 per cent in garment exports of the first two months this year to US$5.3 billion due to the impact of the novel coronavirus (COVID-19) outbreak.
— Viet Nam News

Experts optimistic about industrial property prospects
Experts are optimistic about industrial property development prospects in Việt Nam, given the country’s rapid integration and improving investment climate.
— Viet Nam News

HCM City asks enterprises to keep prices stable
The HCM City People’s Committee has asked enterprises participating in the price stabilisation programme to increase the amount of goods in the market this year.
— Viet Nam News

Delay forecast for banks’ capital hike plans
The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak, analysts predicted.
— Viet Nam News

VIETNAM 2020 INFLATION SEEN AT 4.22% IF PORK PRICES CAN BE CUT – GOVERNMENT
Vietnam’s inflation is seen at 4.22% this year if the country can cut pork prices further, the government said on Tuesday.
— Agriculture

Đang Nai to support coronavirus-affected firms
Statistics from the provincial Department of Industry and Trade revealed that the import turnover of local businesses marked a yearly decrease of 9 per cent to US$2.1 billion in the first two months of this year.
— Viet Nam News

Banks, insurers and firms work together to protect the community
During the COVID-19 pandemic, some local banks, insurers and firms have worked together to help further protect the community with different anti-coronavirus packages.
— Viet Nam News

Many countries order made-in-Vietnam SARS-CoV-2 test kits
Many countries have placed orders for SARS-CoV-2 test kits produced by Vietnam, according to Deputy Minister of Science and Technology Pham Cong Tac.
— VietnamPlus

VPBank, Fe Credit donate VNĐ15 billion for fight against COVID-19
Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) and its subsidiary Fe Credit decided to contribute VNĐ15 billion (US$646,500) to the fight against the novel coronavirus (COVID-19) pandemic.
— Viet Nam News

Ministry tightens corporate bond issuances to prevent risks
Tightening regulations was a way to fill in legislative loopholes in the bond market, not for the purpose of squeezing it
— Viet Nam News

Delta province steps up efforts to protect Trà Sư cajuput forest
The Cửu Long (Mekong) Delta province of An Giang has approved the Trà Sư cajuput forest protection and sustainable management plan for 2019-30 period in a bid to protect the wetland’s eco-systems.
— Viet Nam Net

Mekong Delta forests face increasing risk of fires
All forests south of the Hậu River in the Cửu Long (Mekong) Delta have been facing the threat of fire since the middle of this month, and any fire would spread very quickly because of the heat and low humidity, local authorities have warned.
— Viet Nam Net

Logistics firms to lose revenue during pandemic
Up to 50 percent of Vietnam’s logistics firms estimate they will see revenue cut in half this year compared to 2019 because of the COVID-19 pandemic.
— VietnamPlus

Central bank cuts key interest rates to cushion pandemic impact
The State Bank of Việt Nam (SBV) has announced it would cut many key interest rates, starting from today, in an attempt to support the economy which has been hurt by the COVID-19 outbreak.
— Viet Nam News

Businesses propose incentives amid COVID-19 outbreak
Cutting interest rates and corporate income and added value duties, and extending loan payments and tax and social insurance collections were among the proposals raised by businesses at a seminar in Ho Chi Minh City on March 17.
— VietnamPlus

Quảng Bình pushes development of B&T wind farm cluster
Expected to cost more than VNĐ8.9 trillion (US$382 million), the Philippines-invested cluster combines two farms.
— Viet Nam News

Prices of some securities services to be cut to support market
The Ministry of Finance has agreed in principle to reduce prices of some securities services to support the Vietnamese stock market, which has been in downfall since the COVID-19 outbreak.
— VietnamPlus

VN-Index slides as foreign selling outclasses cheap purchases
The benchmark VN-Index on the Ho” Chí Minh Stock Exchange (HoSE) fell 0.28 per cent to end at 745.78 points.
— Viet Nam News

Safety assessment of Cát Linh-Hà Đông urban railway to be completed soon
The Cát Linh-Hà Đông urban elevated railway, Hà Nội’s first metro project, will be certified as safe for operation soon, according to a representative of the Railway Project Management Unit under the Ministry of Transport (MoT).
— Viet Nam News

Pilot project allows fee payment for cars and motorbikes online
Residents in Hà Nội and HCM City will now be able to pay registration fees for cars and motorbikes through the Government’s national public service portal, bank electronic payment channels and intermediary payment service providers.
— Viet Nam News

Feature photo Ontario Energy Group

This week’s Vietnam morning news feature photo focus on World Water Day, March 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).

—

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.

We filter our the dull, the boring, the repetitive, and the click-bait and package all of the Vietnam daily news that you need to know to start your day into an easy to read, time saving format of Vietnam news headlines and first paragraphs before 7.30am Ha Noi time.

We clearly identify the source of all the Vietnam news headlines, whether it is behind a paywall, a media release, or whether the news site uses annoying pop-up advertising or auto-play video, in case those things annoy you too. If a website uses particularly invasive pop-up adverts, we’ll tell you.

This enables you to make an informed choice of whether you want to learn more by clicking directly through to the original Vietnam news article, or keep on reading the remaining Vietnam daily news headlines.

Click here to get your Vietnam English language news today by email before 8am Ha Noi time daily. Remember to watch out for the confirmation email from us to confirm your subscription. Check your trash folder if you do not see it.

For more immediate updates download the AEC News Today Mobile App from the Apple or Google stores, or follow us on Twitter.

#Independentmedia

Governance, not government; policies not politics.