Vietnam morning news for March 5

Vietnam morning news for March 5

Vietnam morning news

Vietnam Buying $3 Billion in U.S. Farm Goods to Ease Trump Tariff Threats
Vietnam, looking to allay the Trump administration’s wrath over its soaring trade surplus with the U.S., is committing to buy $3 billion in farm products from Nebraska.
— Bloomberg

Vietnam banking system eases pressure on US$10 billion loans for clients
The current Covid-19 epidemic has led to delay in debt payment and higher rates of bad and overdue debts , according to a senior official of the State Bank of Vietnam.
— The Hanoitimes

Vietnam suspends visa exemption for citizens from Italy
The Government of Vietnam has decided to temporarily suspend visa exemption for citizens from Italy since March 3 amid fast rising coronavirus infections in the European country.
— Vietnam Insider

Vietnam tourism industry prepares post-epidemic plans
Vietnam’s tourism industry will diversify products and find new markets after the coronavirus disease (Covid-19) outbreaks roll back.
— The Hanoitimes

Vietnam among most sensitive to China supply shocks: report
AMONG Asian economies, Vietnam is the most vulnerable to China supply shocks while Singapore is the least, according to a Deutsche Bank research note on March 3.
— Business Times

1,000 containers stuck at Vietnam-China border
As the coronavirus outbreak suspends trade, 1,070 containers remain idle at Vietnam’s northern border with China.
— VnExpress

Vietnam’s export up slightly in first 2 months of 2020
Vietnam made export turnovers of more than 36.9 billion U.S. dollars and saw import turnovers of 37.1 billion U.S. dollars in the first two months of this year, both up 2.4 percent against the same period last year, the country’s General Statistics Office said on Wednesday.
— Xinhua

Vietnamese banks see improved solvency
Rated banks in Việtnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country’s robust macro-economic environment, Moody’s Investors Service said.
— Viet Nam News

State Audit played important role in PPP projects: experts
Experts discussed solutions to improve the quality and efficiency of auditing public-private partnerships (PPP) during a conference on Tuesday in Hà Nội.
— Viet Nam News

Aircraft Carrier Roosevelt Will Visit Vietnam This Week
USS Theodore Roosevelt (CVN-71) is expected to pull into Da Nang, Vietnam, for a port visit this week, U.S Indo-Pacific commander Adm. Phil Davidson confirmed on Tuesday.

Vietnam health department’s coronavirus song goes viral, becomes TikTok challenge
An infectiously catchy song released by Vietnam’s health department about protecting yourself against coronavirus has gone viral around the world.
— Newshub

Vietnam’s domestic tourism recovers from Covid-19 outbreak
As Vietnam has been removed from the global list of potential destinations spreading Covid-19, domestic tourism is expected to witness growth after implementation of several stimulus programmes and sales promotions.
— The Star Online

Google Pixel 4a manufacturing to move to Vietnam
Google is looking to move the Pixel 4a manufacturing from China to Vietnam in hopes of avoiding further delays, as the Coronavirus outbreak shows no signs of slowing down.
— Tech Radar

Half, or 51.3% of Vietnamese workers resigned from their jobs last year due to a lack of career advancement opportunities, according to survey data from Adecco Vietnam.
— Staffing Industry

Vietnam holds military exercises against Covid-19
The rehearsal aims to employ military resources for testing strategies against the epidemic.
— The Hanoitimes

Vietnam gov’t rules out economic stimulus package for now
Macroeconomic stabilization remains a key target of the government, said Prime Minister Nguyen Xuan Phuc.
— The Hanoitimes

A Japanese national with coronavirus was found in a Vietnam Airlines’ flight to Ho Chi Minh City from Siem Reap
All of passengers from the VN814 flight from Cambodia’s Siem Reap to Ho Chi Minh City on March 3, crew members, and airport staff, officials who had close contact with the patient have been quarantined, Ministry of Health said.
— Vietnam Insider

Vietnam lifts lockdown on commune with earlier COVID-19 cluster outbreak
Vietnam’s northern province of Vinh Phuc, which reported 11 out of the 16 confirmed cases of novel coronavirus infection in the country, on Wednesday lifted a 20-day lockdown on one of its communes that had reported a cluster outbreak, Vietnam News Agency reported.
— Xinhua

Audit and Compliance in Vietnam: A Guide for Foreign Investors
The Vietnamese Law on Accounting governs the principles for accounting, audits, and organizational structure, for businesses to stay compliant in Vietnam.
— Vietnam-Briefing

Vietnam Digest: Kalpha expands operations; GoViet announces booking milestone
Singapore-based peer-to-peer knowledge sharing platform Kalpha is expanding its operation to Vietnam this April while GoViet has announced that the company has reached the milestone of 200 million bookings in just 18 months of operation.

Vietnam carrier Vietjet to halt flights to S. Korea over coronavirus
Budget carrier Vietjet Air will suspend flights to destinations in South Korea from Saturday over coronavirus concerns, the carrier said.
— National Post

Vietnam’s proposed increase in minimum taxable income ‘thoughtless’
The Finance Ministry’s proposed threshold of VND11 million ($475) as minimum taxable income to be too low, experts say.
— VnExpress

Vietnam’s foreign investment attraction down 23.6 pct in 2 months
Vietnam attracted foreign investment of nearly 6.5 billion U.S. dollars in the first two months of this year, seeing a year-on-year decline of 23.6 percent, according to its Foreign Investment Agency on Tuesday.
— Xinhua

Vietnam to universalise smartphones
Vietnam is planning to sell smartphones costing just 500,000 VND (20 USD) under a smartphone universalisation programme, Minister of Information and Communications Nguyen Manh Hung said.
— VietnamPlus

Advancing coronavirus costs Vietnam tourism $7 bln in Jan-Feb
The novel coronavirus epidemic slashed $7 billion off Vietnam’s tourism revenue for January-February, or about 22 percent of last year’s figure.
— VnExpress

Dragon fruit noodles? Firms create new food products as exports to China slump
The Vietnam Flour Corporation (Vikybomi) has created new food products made from wheat flour and farm produce such as dragon fruit and watermelon amid a reduction in fruit exports to China.
— Sggp News

Foreign Ministry warns Vietnamese citizens in Iran, Italy against COVID-19
The Department of Consular Affairs under the Ministry of Foreign Affairs has urged Vietnamese in Iran and Italy to stay vigilant as the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) is rampant in those countries.
— VietnamPlus

Loss turns to profit for Viettel Global last year
Viettel Global Investment JSC posted more than 2.15 trillion VND (over 93 million USD) in pre-tax profit in 2019, surging 2.3 trillion VND from the loss of 150 billion VND in the previous year.
— VietnamPlus

Ninh Thuận to have new solar power plant inaugurated in June
The Phước Ninh solar power plant is expected to supply about 75 million kWh of electricity once operational, using solar panels and a 40MVA substation.
— Viet Nam News

World Bank to fund water security project in Mekong Delta
The Cửu Long (Mekong) Delta city of Cần Thơ seeks to borrow US$25 million from the World Bank to expand its local water supply network in the 2025-30 period under a proposed water project to be funded by the bank.
— Viet Nam Net

SCIC to sell all shares of Cienco 5
The State Capital Investment Corporation (SCIC) plans to divest from Civil Engineering Construction Corporation No 5 (Cienco 5) on March 20.
— Viet Nam News

Chairwoman of BRG Group honored with Woman of Impact Award
Nguyen Thị Nga, Chairwoman of BRG Group, has been named first Vietnamese lady entrepreneur to receive Woman of Impact Award at 2020 Women Entrepreneurship Summit.
— Viet Nam News

Lâm Đang takes steps to cope with low rainfall, high temperatures
The Tây Nguyên (Central Highlands) province of Lâm Da”ng is seeking more than VNĐ127 billion (US$5.5 million) from the Government to repair and dredge irrigation projects and water supply projects in rural areas during the peak drought season.
— Viet Nam Net

Covid-19 hasn’t harmed Vietnamese exporters to Japan and Korea yet
Though the Covid-19 epidemic has spread to Japan and South Korea, some local exporters to the two markets are still experiencing good results.
— Viet Nam News

IIP rises 6.2% in first two months
The index of industrial production (IIP) in the first two months of this year increased by 6.2 per cent over the same period last year.
— Viet Nam News

VN stocks up for 2nd day
Vietnamese shares advanced for a second day running as hopes for economic stimulation boosted stock purchases but foreign selling still weighed on the market.
— Viet Nam News

F88 pawn chain to issue $2.15 million in bonds
Hà Nội-based pawn shop chain F88 announced it has just completed its first bond issuance in 2020 with a value of nearly VNĐ50 billion (US$2.15 million).
— Viet Nam News

Covid-19 brings losses to flower growers
Days before International Women’s Day (March 8) are often the best for flower sellers at Tây Tựu Flower Village in Hà Nội, but the continuing Covid-19 epidemic has cut sales of flowers in half this season.
— Viet Nam News

Construction firms race to buy back stocks
A couple of companies have announced their plans to repurchase their own stocks to stablise prices.
— Viet Nam News

Stocks ease early losses on buying-in for low-priced items
Vietnamese shares hobbled Wednesday as purchases for hard-hit stocks helped offset a prolonged foreign net selling amid fears of the slowdown of the global economy.
— 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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