Vietnam morning news for March 3

Vietnam morning news for March 3

Vietnam morning news

Vietnam’s visa policies for foreigners undergo major changes
Vietnam’s immigration laws will undergo a radical shake-up this summer in an effort to widen the doors for tourists while protecting the country from foreign criminals and illegal workers.
— The Star Online

Samsung Starts Building $220 Million R&D Center in Vietnam
Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant’s local unit said on Monday.
— New York Times

Tax Compliance in Vietnam: Decision 2413 on Information Sharing
In Vietnam, customs and tax authorities are increasingly sharing information to ensure tax compliance of business entities with operations in the country. This practice is not new as several countries also have agreements in place spanning multi-jurisdictions to ensure corporations and even individuals are in tax compliance.
— Vietnam-Briefing

How Will Vietnam’s New Labor Code Affect Employers?
In November 2019, the National Assembly of Vietnam issued a new version of the Labor Code, which serves as the principal legislation on employment and labor relationships in Vietnam, covering domestic and foreign employers and employees. The changes found in the new law are more incremental than sweeping, and generally serve to close loopholes and clarify vague provisions in the existing Labor Code of 2012.
— Lexology

Vietnam: Vietnam’s Proposed Public-Private Partnership Law
The Ministry of Planning and Investment of Vietnam has published a new draft law on PPP investments that has since been going through the legislative process in Vietnam, with final approval slated for May of this year.
— Mondaq

Banks’ diversified income sources protect profits amid epidemic
On February 7, the banking sector’s outstanding loans fell by 0.38 per cent for the year, while overdue debts and non-performing loans showed signs of rising.
— Vietnam News

Vietnam’s industrial production grows 6.2% in first two months
Vietnam’s industrial production in the first two months of 2020 has expanded by an estimated 6.2%, far below the 13.7% and 9.2% recorded during the same period of 2018 and 2019, respectively, due to the major impacts of the coronavirus outbreak.

Portal to support SMEs in Hà Nội launched
The small and medium-sized enterprises (SME) Support Center under Hà Nội’s Department of Planning and Investment has officially put into operation a portal to support businesses at
— Viet Nam News

State budget collection tops $9.3 billion in two months
Total State budget collection was estimated at VNĐ214.2 trillion (US$9.31 billion) in the first two months of this year, or 14.2 per cent of the yearly estimate, reported the General Statistics Office on February 29.
— Viet Nam News

Virus hammers garment industries in Cambodia, Vietnam
The garment industries in Cambodia and Vietnam, which are reliant on China for more than half of their raw materials, are feeling the impact of the novel coronavirus outbreak.
— Rappler

Vietnam: Optimise by exploiting data
Speaking at an online seminar held by the Government Web Portal, Nguyen The Trung, CEO of DTT Technology Joint Stock Company said: “Vietnam has not yet seen the power of exploiting data.”
— The Phnom Penh Post

VFS Global extends eVOA cover to Vietnam
VFS Global launches the first online portal to process Vietnam’s eVisa on Arrival for all eligible nationalities worldwide.
— TTR Weekly

Vietnam’s retail sales, service revenues up 8.3 pct in first 2 months of 2020
Vietnam’s total goods retail sales and consumer service revenues rose 8.3 percent year-on-year between January and February, to roughly 864 trillion Vietnamese dong (about 37.6 billion U.S. dollars), according to the country’s General Statistics Office on Monday.
— Xinhua

Vietnam’s SEA Games to include all Olympic disciplines
The 31st Southeast Asian Games in Hanoi next year will be the first to include all the same disciplines as the Asian Games and Olympics.
— Sport Business

Google moves Pixel 4a and Pixel 5 production to Vietnam due to Coronavirus outbreak: Report
Google and Microsoft are moving production of Pixel and Surface products respectively to Vietnam. The shift in production is due to US-China trade war and outbreak of novel Coronavirus.

Fiscal stimulus expected for Vietnam amid Covid-19 woes
WITH the Covid-19 outbreak dampening tourism and causing supply chain disruptions that threaten factory output, economists expect Vietnam’s government to roll out a targeted fiscal package as early as March.
— Business times

Grab Ventures bets on Vietnam with launch of accelerator
In 2018, armed with dry powder from its record Series H fundraising round, Southeast Asian ride-hailing giant Grab launched its own investment arm, Grab Ventures.
— DealStreetAsia

Ministry proposes new electricity tariffs
The Ministry of Industry and Trade has proposed a new retail electricity tariff which is divided into five rates instead of six. In this option, 98.2 per cent of households in the country would see no increase or even lower power bills.
— Viet Nam News

Bamboo Airways to open Vietnam – Germany direct routes
The Memorandum of Understanding (MoU) between Bamboo Airways and Munich Airport is expected to strengthen the cooperation, promoting the exploitation of Vietnam – Germany direct routes and widening the Airline’s network to Europe.
— Aviation 24

Vietnam tightens foreign entry following concerns over coronavirus outbreak
Vietnam will suspend the visa waiver programme for Italian citizens starting from Tuesday, Vietnamese Deputy Prime Minister Vu Duc Dam said in a meeting on Covid-19 (coronavirus) outbreak prevention and control held here on Monday (March 2).
— The Star Online

Ferrari In A Spin As Vietnam Announces Quarantine On All Passengers From Italy
Ferrari could face a roadblock to racing in next month’s Vietnam Grand Prix as the country’s national tourist board has announced that all travelers entering from Italy will be subject to 14 days of medical quarantine due to the coronavirus.
— Forbes

Southern region swelters as month-long heat wave begins
The southern region, including HCM City, is suffering from a heat wave which is predicted to peak in late March and early April, according to the Southern Hydro-Meteorological Station.
— Viet Nam Net

Việt Nam develops modern supply system for farm products
Việt Nam is working to develop a system of modern agricultural product supply centres to promote the consumption of farm produce, enhance food safety and hygiene, and improve the competitive edge of Vietnamese goods.
— Viet Nam News

Local wood firms need to seek alternative materials suppliers to cope with COVID-19
Local wood processing enterprises need to expand supply chains with a focus on seeking suppliers from domestic and overseas markets to ease disruptions from China due to the novel coronavirus (COVID-19) outbreak, experts have said.
— Viet Nam News

Work starts on $20m petrol warehouse in Quảng Trị
Spanning 16ha in Triệu Phong District, the warehouse has a storage capacity of 200,000cu.m.
— Viet Nam News

Cyberspying groups haunt intel in Southeast Asia
Major advanced persistent threat (APT) groups have increased their activity and are waging sophisticated cyberespionage in the Southeast Asia region, according to cyber-security company Kaspersky.
— Viet Nam News

Businesses help each other mitigate Covid-19 hardship
Businesses are supporting one another by buying goods from each other to help mitigate the worst effects of the Covid-19 epidemic.
— Viet Nam News

German businesses keen on Việt Nam’s healthcare sector
A survey conducted online by the Delegation of German Industry and Commerce in Việt Nam (AHK Việt Nam) in January revealed that sixty-six German medical and healthcare businesses said they intended to set up business in Việt Nam.
— Viet Nam News

VASB proposes tax cut to increase trading liquidity
The Vietnam Association of Securities Businesses (VASB) may propose market regulators reduce trading taxes for investors, according to general secretary Nguyen Thanh Kỳ.
— Viet Nam News

HCM City, a fertile land for start-ups
HCM City is implementing programmes meant to create a launch pad for start-ups and offer favourable conditions for new companies to develop.
— Viet Nam News

Discussion urges smarter energy choices for sake of human health
Participants at a recent conference in Hà Nội called for smarter energy choices, given the impacts of coal power generation on air quality and air pollution’s influence on human health.
— Viet Nam Net

PM, Gov’t Advisory Group aim to turn HCM City into int’l financial centre
Prime Minister Nguyen Xuân Phúc has asked his Government Advisory Group to submit a document by Aprll 30 outlining necessary steps to turn HCM City into an international financial centre.
— Viet Nam News

Prudential Vietnam launches unique healthcare revival rider
Prudential Vietnam Assurance Private Ltd. has launched a healthcare rider, PRU-Hành Trang Vui Khỏe, a comprehensive solution providing customers with a unique revival benefit.
— Viet Nam News

Vietnam’s Proposed New Draft Regulations on Greenhouse Gas Emissions Reductions and Other Climate Change Adaptation Measures
The Ministry of Natural Resources and Environment of Vietnam has recently released a new Draft Law on Environmental Protection to replace the current 2014 Law on Environmental Protection . The Draft Law proposes, among other things, significant changes to current policies on climate change adaptation measures.
— Global Compliance News

Half of businesses anticipate lower 2020 revenues
Fifty percent of businesses in Vietnam say their revenues could fall at least 16 percent this year due to the coronavirus impact.
— VnExpress

Vietnamese asparagus could enter Australian market this month
Việt Nam could export asparagus to Australia this month, according to the Việt Nam Trade Office in Australia.
— Viet Nam News

Sharp contraction in Việt Nam’s manufacturing output amid COVID-19 disruption
The Vietnam Manufacturing Purchasing Managers’ Index (PMI) fell below the 50.0 no-change mark in February, signalling a deterioration in business conditions, a survey of IHS Markit and Nikkei released on Monday showed.
— Viet Nam News

February CPI falls by 0.17 per cent
The February consumer price index (CPI) slipped 0.17 per cent from the previous month due to falling demand for goods after the Lunar New Year (Tết) holiday, falling petrol prices, and the coronavirus (COVID-19) outbreak, according to the General Statistics Office (GSO).
— Viet Nam News

Shares may continue falling as no signs of disease control
The stock market is expected to continue experiencing strong corrections, while the market bottom cannot be determined until there are clear signs of effective control over the COVID-19 epidemic, said market analysts.
— Viet Nam News

Trà Vinh to get $145m wind power plant
The plant covers a site of more than 2,700ha in the coastal commune of Hiệp Thanh in Duyên Hải Town and has a design capacity of 78MW from 18 turbines.
— Viet Nam News



Feature photo Fauna & Floral International

This week’s Vietnam morning news feature photo focus on Vietnam focuses on World Wildlife Day, March 3, here the black-crested gibbon.


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.

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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