Fire fighting equipment harmonized tariff code

Shares cut early gains to end lower as bank stocks decline Vietnamese shares trimmed early gains on Monday with the VN-Index closing lower as banking stocks came under selling pressure towards the final minutes of trading. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.04 per cent to close at 1,168.27 points. It had risen 0.02 per cent last week. More than 652.7 million shares were traded on the southern bourse, worth VND15.6 trillion (US$673.9 million). Market breadth was positive with 274 gaining stocks and 183 losers. After the lunch break, the market fluctuated in a quite negative direction as many banking stocks dropped sharply and pushed the VN-Index down to the reference level. Asia Commercial Bank (ACB) fell 2 per cent to VND31,800 per share, VPBank (VPB) lost by 1.1 per cent to VND41,350 per share, Vietcombank (VCB) declined by 1.5 per cent to VND95,200 per share and Techcombank (TCB) dropped by 0.9 per cent to VND38,850 per share. On … [Read more...] about VIETNAM BUSINESS NEWS MARCH 9

A production line at the The Ky Yarn Joint Stock Company (Photo: VNA) HCM City (VNS/VNA) - The textile and apparel industry , which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group . Le Tien Truong, its general director, said demand for face masks and personal protective equipment will shrink rapidly. Armed with their experience of coping with the pandemic, many textile and footwear enterprises are quietly confident of altering plans when required and finding new markets to cope with new situation after COVID-19 is under control. Sportswear has arguably been the most successful segment during the pandemic as awareness of physical exercise rose. According to Euromonitor International, in 2020 the demand for sportswear world-wide decreased only about 8 percent, the lowest in an industry which saw … [Read more...] about Vietnamese textile industry sees huge export opportunities

The Hanoitimes - From December 2019 to March 2020, Malaysia, the Philippines, and Vietnam sent circular notes to the UN to protest China's maritime claims. Indonesia has joined some neighboring countries in opposing China’s claims in the South China Sea by lodging a diplomatic note to the United Nations. China's claims in the South China Sea trigger protest among regional countries. Image: VOA Jakarta pointed out the Indonesian government’s support for a 2016 ruling by the Permanent Court of Arbitration in The Hague, which favored the Philippines in a case that Manila brought against China over a territorial dispute in the resources-rich sea. “Indonesia reiterates that the Nine-Dash line map implying historic rights claim clearly lacks international legal basis and is tantamount to upsetting UNCLOS 1982,” said the letter from Indonesia’s Permanent Mission to the United Nations, referring to a boundary on Chinese maps that encompasses Beijing’s claims in … [Read more...] about Indonesia weighs in ASEAN countries to protest Chinese South China Sea claims

Digital transformation is keeping life going but in a ‘new normal’ state. Minister of Information and Communications Nguyen Manh Hung said the Covid-19 pandemic poses a great challenge ad many activities have been delayed. But challenges come with opportunities. The Covid-19 pandemic helps us to rethink about many things. It is a breaking point in development. Many values and habits will change. The Covid-19 pandemic reminds us that the world is more fragile than we think. Whenever humanity is too confident in themselves, that is the time of problems. Globalization, cross-border flows of people, capital, goods and data have also brought a free flow of epidemics and crimes. Only when a crisis occurs do we see the shortcomings of states and institutions. When things are going well, the worst case must still be taken into account. Recent crises are often dual crises, not but also triple or more. Dual crises is the nature of a world in which everything is connected. The world … [Read more...] about Covid-19 and digital transformation

Vietnam begins COVID-19 vaccination on March 8 Vietnam launches its COVID-19 inoculation drive on March 8 morning, administering the AstraZeneca vaccine to medical workers in Hanoi, Ho Chi Minh City and northern Hai Duong province – the country’s biggest pandemic hotspot at present. The vaccination is conducted at the Central Hospital for Tropical Diseases in Hanoi, the HCM City Hospital for Tropical Diseases and two medical centres in Hai Duong. As many as 100 staff members of the Central Hospital for Tropical Diseases are expected to receive the shots in the morning of March 8. The hospital is allocated 450 doses among the first batch of 117,600 doses of AstraZeneca vaccine the country has received. In Hai Duong, 50 medical workers at Hai Duong city’s medical centre, and 30 others at Kim Thanh district’s medical centre will be the first in the province to be injected. The Ministry of Health has allocated the vaccine to 13 localities, along with the Ministry of National … [Read more...] about VIETNAM NEWS HEADLINES MARCH 8