Feb. 7, 2020, Asia business news (Vietnam) The Mekong Delta province is set to target $3.4 billion of exports in 2020, up 9.8% from a year earlier. (Source: Viet Nam News) *Indonesia Bank Indonesia recently spent nearly $1.82 billion on the country’s financial markets as investors began to sell off assets over concerns that the novel coronavirus will wreak havoc on the global economy. Garlic prices in Central Java spiked 40% to $3.65 from $2.56 per kg due to the impact of the novel coronavirus on trade between Indonesia and China. (source: The Jakarta Post) *South Korea Giant South Korean automaker Hyundai Motor Co. suspended all of its domestic plants as plants in China cannot ship auto parts due to the novel coronavirus outbreak. (Source: The Korea Herald) *China China is set to halve tariffs on some of U.S. imports as of Feb. 14. (Source: Xinhua News Agency) *Japan Japan’s largest family restaurant chain operator Skylark Holdings Co. is set to end 24-hour services at its 155 restaurants, 5% of the company’s 3,200 eateries. Sales of Shiseido Co.’s cosmetics products in China fell 55% during the Lunar New Year holiday from a year earlier due to the novel coronavirus outbreak. (Source: The Asahi Shimbun, Kyodo News) @official_theasians theasians.org