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Shrimps processed for export (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive fashion to branch out industry and trade, contributing to promoting economic recovery of the southern hub. Earlier, HCM City set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises. Head of the statistics office Huynh Van … [Read more...] about HCM City eyes 10 percent growth in export in 2021

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) jumps 37 spots to enter the Brand Finance’s top 250 in rankings of the world’s most valuable banks in 2021. (Photo: VNA) Hanoi (VNA) – The Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) has jumped 37 spots to enter the Brand Finance’s top 250 in rankings of the world’s most valuable banks in 2021. According to the Brand Finance Banking 500 2021 ranking , VPBank ranked 243rd in banking brand value this year. Its brand value grew 41 percent to 502 million USD this year from 354 million USD in 2019. It also represents a nine-fold increase against 2016 when the bank’s brand value was first evaluated at 56 million USD. The 2021 ranking was calculated based on a brand’s market share, growth rate, property size, financial capacity, operating efficiency and prestige, said Lai Tien Manh from Brand Finance Vietnam. In the face of COVID-19 that has taken a heavy toll on the global financial system, … [Read more...] about VPBank breaks into Brand Finance’s top 250 value banks in 2021

Hải Dương Province started to conduct large-scale testing for the novel coronavirus, using realtime-PCR technology from Wednesday. — VNA/VNS Photo HÀ NỘI — Nine community cases of COVID-19 were reported on Wednesday evening, all in the northern province of Hải Dương. Six cases are in Kim Liên Commune, Kim Thành District which is under lockdown. Two are in Cẩm Giàng District and were previously quarantined. One case in Thanh Hà District was detected through mass screening. All of the new patients are being treated at the second field hospital of the province. An additional 30 COVID-19 patients were given the all-clear on Wednesday evening, raising the total recoveries to 1,790. The death toll remains at 35. There have been 1,504 community infections so far, of which 820 have been reported since January 27. Among patients still under treatment, 97 have tested negative for SARS-CoV-2 once, 26 twice and 68 three times. — VNS … [Read more...] about Nine community cases reported in Hải Dương

Prime Minister Nguyen Xuan Phuc chairs a Cabinet’s meeting with the National Steering Committee for COVID-19 Prevention and Control in Hanoi on February 24 (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has instructed the quick vaccination for people as more than 100,000 doses of COVID-19 vaccine have arrived in Vietnam. Chairing a Cabinet’s meeting with the National Steering Committee for COVID-19 Prevention and Control in Hanoi on February 24, the PM said Vietnam aims to provide COVID-19 vaccine shots to all people. However, as the supply of vaccine cannot meet demand at the same time, priority should be given to certain groups in line with the Government's resolution, he said, stressing the principle of high-risk groups and pandemic-affected areas coming first, followed by those with lower risks. More vaccine will be imported in the future to serve domestic demands, the PM said while reminding people and authorities at all levels to … [Read more...] about Prime Minister orders quick vaccination for people

The HCMC Department of Transport shared that the city aims at possessing a multi-means public transport system, including 8 metro lines, 3 tram lines, 6 bus rapid transit lines (BRT), and 200 regular bus lines, in order to meet the traveling demands of the community. Due to the dense population in HCMC, leading to the large number of private vehicles, urban traffic at the moment has to shoulder a heavy burden, and the average velocity of vehicles in the downtown is just 20-25km per hour. To tackle this problem, the municipal authorities have adjusted the planning of the urban transport system to implement the Transit Oriented Development (TOD) model. This model maximizes the link between residential, business, manufacturing areas and the existing public transport system. HCMC is going to apply this model along Metro Line No.1 (from Ben Thanh in the downtown to Suoi Tien in Thu Duc City), Metro Line No.2 (the first phase: Ben Thanh – Tham Luong in District 12; the second phase: … [Read more...] about HCMC to pilot bus priority lane