Media Bulletin

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Vietnam to sequence COVID-19 patients’ gene to improve treatment method

October 27, 2020 – Vietnam Times

 

According to VNE, scientists at Medical Genetics Institute (MGI), the HCMC Center for Disease Control (CDC) and the University of Medicine and Pharmacy in HCMC seek to understand the disease’s characteristics and how it affects people with different genetic makeups and possibly identify genes sensitive to the novel coronavirus, Truong Dinh Kiet, head of MGI, said on Saturday.

Of the 82 Covid-19 cases in the city so far, 65 percent came from abroad with varying degrees of severity and with symptoms ranging from nothing to life-threatening, according to the CDC.

Notably, 62 percent had no symptoms, and the virus’s infection mechanism still has areas that need to be explored, it added.

Twenty recovered patients would have their genes sequenced in the first stage before the project could hope to expand, Nguyen Hoai Nghia of the University of Medicine and Pharmacy said.

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Vietjet proposes to finance adjustment of Tuy Hoa Airport

October 26, 2020 – Vietnam Investment Review

 

Accordingly, Vietjet will study and adjust the planning of Tuy Hoa Airport until 2030, with a vision to 2050. The company will re-evaluate the approved planning in 2007 and adjust expenditure plans to be in line with the development orientation of the national airport system. After the detailed adjustment of Tuy Hoa airport, Vietjet will hand over the document to the government without any conditions.

Previously, from 2016, Vietjet proposed Phu Yen People’s Committee to approve the policy of investment in upgrading Tuy Hoa Airport. It aims to help the province achieve rapid socioeconomic development, especially a surge in travel and tourism demand.

In mid-2018, Vietjet submitted an official proposal to Phu Yen People’s Committee. Based on this proposal, the provincial People’s Committee has reported to prime minister and Ministry of Transport (MoT) about the investment plans in Tuy Hoa airport.

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HCM City licences 30,000 new businesses in nine months

October 23, 2020 – Vietnamnews

 

HCM City has licenced nearly 30,000 new businesses with combined registered capital worth a total of VNĐ667 trillion (US$28.64 billion) as of the beginning of October, according to the municipal Department of Planning and Investment.

The number of newly-established enterprises declined 7.5 per cent compared to the same period last year, though registered capital was up 34.7 per cent year-on-year.

The southern hub lured $3.25 billion in foreign direct investment (FDI) in the first nine months of this year, down 28 per cent from a year prior.

Up to $407.4 million was poured into 719 newly-licensed projects, $283.8 million added into 163 underway projects and $2.56 billion invested in 2,911 share trading deals.

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Japanese investor to build hi-tech R&D hub in Da Nang

October 22, 2020 – Vietnam Investment Review

 

Authorities in the central city of Da Nang have approved an investment proposal by Fujikin Incorporated from Japan for an R&D centre at Da Nang High-Tech Park worth a total of 35 million USD.

The Da Nang Hi-tech Park and Industrial Zones Authority (Da Nang HPIZA) said Fujikin Inc plans to produce air valves using semi-conductor production lines, as well as medical equipment, robots, new energy tech using hydrogen, facilities for the environment and Artificial Intelligence (AI).

It said the project will involve Nobel prize winner Amano Hiroshi (awarded together with Isamu Akasaki and Shuji Nakamura for the invention of efficient blue light-emitting diodes).

Fujikin Incorporated has inked a human resources training deal with Da Nang College for Science and Technology under the Da Nang University to provide manpower for the Fujikin Da Nang R&D Centre.

It will be the first R&D centre of Fujikin in Vietnam as the company had developed one centre and three factories in Osaka and Tsukuba in Japan as well as plants in the US, the Republic of Korea (RoK) and Ireland.

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Hanoi invests over US$300 million per year to improve transport infrastructure

October 13, 2020 – Hanoi Times

 

Hanoi is facing challenges in the mobilization and use of investment capital for transport infrastructure.

Over the past years, Hanoi city has spent about VND7 trillion (US$302.02 million) per year to build new roads and upgrade the existing routes to meeting rising dwelling demand, Deputy Director of the municipal Transport Department Vu Ha told Kinh Te & Do Thi.

The Hanoi city government has implemented a spate of solutions to alleviate traffic congestion, including speeding up the construction of urban railways and improving roads, the deputy director said.

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Vietnam among top 20 favorite countries to visit: Condé Nast Traveler

October 08, 2020 – VN Express

 

Vietnam has jumped one place from last year to ninth in British magazine Condé Nast Traveler’s 2020 list of 20 most favorite countries for travelers.
For its annual Readers’ Choice Awards survey, the travel magazine asked readers to rate their favorite countries across the globe, attracting a record 600,000 votes. The listing, released Wednesday, was based on a scoring system representing overall average levels of satisfaction.

Vietnam scored 92.12 percent to rank behind Southeast Asian neighbors like Indonesia (6th) with 92.98 and Thailand (7th) with 92.62.

For the second time in a row, Italy topped the best countries in the world, followed by Sri Lanka, and Portugal, Japan and Greece rounded out the top five.

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Office market in Ho Chi Minh City and Hanoi grows despite pandemic

October 05, 2020 – Nhip Cau Dau Tu

 

During the past nine months of living with the Covid-19 pandemic, Vietnam has proved itself as one of the most effective countries that control the virus well, and the economy remains quite stable until the third quarter.

Business runs smoothly and the office rents in Ho Chi Minh City in the quarter hiked 11.5 percent from the second quarter to $10-48 per square meter per month, according to the report.

Compared to the same period in 2019, price of Grade B office increased sharply by 26.1%, proving that the demand for office space has not cooled down despite the second outbreak.

As the second quarter did not record a new supply, the occupancy rates of Grade A and B office space in Q3 increased to near the peak. Occupancy in this office segment is now at 95 percent in the country’s largest city.

Despite being affected by the second wave of Covid-19 pandemic, the average asking rent in Hanoi did not decrease. It recorded an increase compared to the previous quarter.

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Improving IP protections to attract fresh EU investment

October 03, 2020 – Vietnam Investment Review

 

For Vietnam, the tariff elimination will benefit key export industries, including the manufacturing of smartphones and electronic products, textiles, footwear, and agricultural products, such as coffee. On the other hand, European companies will also have better access to Vietnam’s emerging and potential market with a population of nearly 100 million.

However, the Vietnamese market is now a level playing field and its partners are from very high-developed countries, which requires Vietnam to play to a higher standard. To that end, there are many changes Vietnam needs to make, and improving its intellectual property rights (IPR) system is a key part.

IPR protection is indeed very important to EU companies. According to a 2019 report by the European Patent Office, industries that make intensive use of IPR such as patents, trademarks, industrial designs, and copyright generate 45 per cent of GDP in the EU. Accordingly, EU exporters have a high demand for IPR protection and would expect Vietnam’s IPR law and practice to help enforce their rights effectively.

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Vietnam among 10 countries Japan to lift overseas travel alerts

September 29, 2020 – Nhip Cau Dau Tu

 

The government will give priority to 10 countries including Australia, New Zealand, and Vietnam. But decisions on whether to accept travelers from Japan will ultimately be up to those governments.

The country has issued Covid-19 related travel advice and warnings on infectious diseases via a system which has four categories depending on the potential risk and safety in relevant locales.

Beginning next month, Japan will lower its warning level to “2” for countries with few infections as a proportion of the total population in the last two weeks. Level 2 advises Japanese nationals to avoid nonessential travel.

Australia, Vietnam, New Zealand, Brunei, and Belgium will likely be included on the list. A two-week quarantine, however, will be required upon return to Japan.

The government thus aims to lift its warning to prompt those countries and regions to ease their restrictions to resume mutual economic activity.

Meanwhile, Japan also is advancing negotiations with 16 countries and regions including China, Vietnam, and Taiwan to resume business travel. The government easing its travel warning could also aid in reaching agreements in those negotiations.
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Vietnam tipped to become world’s top laptop producer

September 28, 2020 – Hanoi Times

 

Southeast Asia is predicted to produce half of the world’s notebook personal computers in 2030, with Vietnam and Thailand tipped to be main manufacturing hubs, Nikkei Asian Review reported, citing a report from a Taiwan-based thinktank.

As such, the region is expected to displace China as the center of notebook PC production, according to the Market Intelligence & Consulting Institute (MIC). China’s rising labor costs and the desire to mitigate overdependence on a single region would drive the shift to Southeast Asia.

Among other Taiwanese peers, Compal Electronics is considering building output capacity in Vietnam while Quanta Computer, the world’s third-largest contract manufacturer, is expected to produce notebook PCs in Thailand.

Hon Hai Precision Industry, known as Foxconn and the world’s biggest contract electronic manufacturer, may launch notebook PC production in Vietnam.

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Vietnam’s electronic wallets “burn” money in a fierce battlefield

September 24, 2020 – Nhip Cau Dau Tu

 

Ride-hailing, e-commerce have been accepting losses for a bigger market share in Vietnam’s market. E-wallet, which have been mushrooming in the country have engaged into a similar race.

None-cash payment and using e-wallet have become more popular in Vietnam despite the country’s ratio of cashless payment is among the lowest in Asia.

Data from IDC and NTT shows that Vietnam’s rate of non-cash payments is almost the lowest, just above the Philippines. Cash payment ratio in Vietnam is currently at 80 percent, while in Indonesia, the ratio is 68 percent, Japan, 78 percent, Thailand, 60 percent, China, 34 percent and South Korea, 36 percent.

Vietnam still has much room and potential for none-cash payment service since more than 52 percent of the population using the internet and accessing smartphones daily. Those who were born after 2000 and after 1980 are the main consumers of digital economy.

Unlike China, the e-wallet market is almost preconfigured for giants WeChat and Alipay, Vietnam’s e-wallet market is fragmented, and users opt to use a wallet with more benefits. Therefore, the battle to “burn” money for market share of digital wallets does not seem to be over.

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Vietnam becomes Japan’s biggest coffee supplier

September 23, 2020 – Vietnamplus

 

Vietnam, the world’s biggest producer of robusta, has become the top supplier of coffee beans for Japan as the consumption of instant coffee, which uses robusta, is soaring there amid the COVID-19 pandemic, according to the Nikkei Asia Review.

The newspaper reported that more people are working at home during the pandemic, driving up demand for robusta coffee beans, which are mainly used to make instant coffee. Meanwhile, sales of the higher-quality arabica beans favoured by coffee shops have fallen.

The trend has made Vietnam, the world’s top robusta maker, Japan’s top supplier of coffee beans and relegated Brazil to second place.

Japan’s state of emergency, declared in early April, shuttered cafes and restaurants across the country, forcing Starbucks Coffee Japan to halt business at some 1,100 outlets. The closures dealt a heavy blow to demand for arabica beans.

In contrast, demand for robusta, a cheaper and more bitter variety used in instant coffee products, has been strong as COVID-19 restrictions keep people at home.

Demand for instant coffee has spiked. Sales of instant coffee products in the second quarter grew about 10 percent from a year earlier, according to food processor Ajinomoto

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Vietnam’s exports to EU reached US$3.78 billion since enforcement of EVFTA

September 23, 2020 – Vietnam Times

 

The latest statistics from the General Department of Vietnam Customs showed that by the end of August, total export turnover from Vietnam to the EU had reached US$25.92 billion. In August alone, the figure reached US$3.78 billion, Nhan Dan Newspaper.

Compared with the average of the first seven months this year, export value to the EU in August was about US$600 million higher, thanks to the positive effects of the EVFTA.

According to the Ministry of Industry and Trade, the effective EVFTA has created a great opportunity for Vietnam’s exports, helping to diversify markets and products for Vietnam export activities, with some of Vietnamese key products enjoying high tax cuts, such as agricultural products, fisheries, furniture, textiles, footwear and electronics. The EU has been the third largest market for Vietnamese exports over the past eight months.

After more than a month since the agreement came into force, a range of Vietnam’s export products has seen positive changes in the EU market, including some that have been exported recently such as brackish shrimp from Ninh Thuan, coffee and passion fruit from Gia Lai and rice from Can Tho.

In addition, cell phones and components are the largest groups in Vietnam’s exports to the EU and the bloc is also the largest export market for this key sector from Vietnam. In August, the export turnover of phones and components to Europe reached more than US$1 billion, thereby increasing total turnover in the first eight months to US$6.96 billion. Although it decreased by 17.2% over the same period in 2019, it still accounted for 22% of Vietnam’s total export turnover of phones and components.

In addition, the EU is also the leading export market for Vietnam’s important commodity groups, such as computers, electronic products and components; textiles; agricultural products; and footwear, with turnover worth billions of USD in each group.

In the opposite direction, by the end of August, Vietnam’s total import turnover from the EU had reached US$9.82 billion. In August alone, the figure reached nearly US$1.4 billion, US$200 million higher than the average for the first seven months of the year.

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Vietnam exports nearly 1 billion face masks during COVID-19 season

September 22, 2020 – Vietnam Times

 

According to the General Department of Customs, over 70 Vietnamese enterprises had their medical face masks exported oversea in August, with exporting volumes reach over 135 million items. The production volumes, however, dwindled compared with July’s, even though 10 new manufacturers had been added in the list.

In general, a total of over 846 million medical masks have been exported in the first 8 months of 2020, in which the largest volume belongs to June (over 236 million).

Fabric masks, fine dust masks, 100% cotton fabric masks, 2 layers of cotton masks, and medical masks, are among the most favored in exportation.

Japanese, Korea, Germany and the US are Vietnam’s four main export markets. Hong Kong, Singapore, Poland, Australia, China, Laos, and South Africa are other trade partners in the list.

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Hanoi proposes to build $2.8bln metro line

September 22, 2020 – Nhip Cau Dau Tu

 

Authorities in Hanoi have submitted a proposal to the government to invest over VND65.4 trillion ($2.8 billion) in a 39-kilometer-long metro line.

Metro line No. 5 will connect Van Cao Street in downtown Ba Dinh District and the suburban area of Hoa Lac in western Thach That District, home to Hoa Lac Hi-tech Park, Hanoi Metropolitan Railway Management Board (MRB) stated.

There will be 21 stations, six underground and 15 elevated. After passing underground through Van Cao, Lieu Giai, Nguyen Chi Thanh, Tran Duy Hung and Ring Road 3, it would run along the elevated section from Thang Long Boulevard.

Hanoi authorities expect to deploy 25 to 40 trains of four to six carriages each. These could run at speeds of 120 kph above ground and 90 kph underground.

Construction on the metro line is scheduled to start in 2022, and the line be put into operation in 2026.

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Opportunities await husbandry sector over next decade

September 17, 2020 – Vietnamnews

 

The outlook for Việt Nam’s livestock market was bright over the next ten years as the population grows to nearly 107 million with an average income of US$10,000, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường.

To achieve its potential, the husbandry sector should rapidly improve its capacity to adapt to the increasing impacts of climate change, Cường told a conference held to discuss a development strategy for 2020-2030, with a vision towards 2040, organised by the Ministry of Agriculture and Rural Development and chaired by Deputy Prime Minister Trịnh Đình Dũng in Hà Nội on Tuesday.
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Agriculture and livestock remained a major focus for the Party, Government and localities, the minister said.

“The formulation and early promulgation of a strategy for livestock development is an urgent task,” he told the conference.

“However, this is only a common strategy for the country as a whole, and each locality will have to set their own goals. Places such as Hà Nội, Đồng Nai and Nghê An have said they focus on quality as well as quantity by building disease-free farms and promoting links in the animal husbandry sector,” the minister said.

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