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Vietnam racks up $1.29 billion in trade surplus in two months The country’s trade turnover during January-February topped some 95.81 billion USD, a year-on-year surge of 25.4 percent. Vietnam’s trade balance posted positive, 1.29 billion USD, in the first two months of the year, the General Department of Customs said on December 28. The country’s trade turnover during January-February topped some 95.81 billion USD, a year-on-year surge of 25.4 percent. Of the total, exports amounted to 48.55 billion USD, a yearly hike of 23.2 percent, while imports were estimated at 47.26 billion USD, or 25.9 percent higher than the same time last year. Foreign-invested companies accounted for 76.4 percent, or 37.07 billion USD, of Vietnam’s total export turnover. Meanwhile, the domestic sector shipped abroad 11.48 billion USD worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts (9.3 billion USD, up 22.8 percent … [Read more...] about VIETNAM BUSINESS NEWS MARCH 2

Red Spring Festival expects to collect over 4,000 blood units Young people donate their blood In his opening remarks, Director of the National Institute of Hematology and Blood Transfusion (NIHBT) Bach Quoc Khanh, who is head of the festival’s organizing board, said that the festival has been held annually since 2008 to address blood shortages after the lunar New Year holiday, and gradually changed public awareness of blood donation. After 13 editions, the festival has collected over 85,000 blood units and become the annual biggest blood donation event. Khanh took the occasion to express his gratitude for donators nationwide. The 14th edition is taking place from March 1-7 at the NIHBT headquarters, and three fixed places - 26 Luong Ngoc Quyen in Hoan Kiem district, 132 Quan Nhan in Thanh Xuan district, and Valley 122 of Lang Street in Dong Da district. The organizing board expects to receive over 4,000 blood units during this year’s festival, which then will … [Read more...] about VIETNAM NEWS HEADLINES MARCH 2

New mission of the ICT industry Minister of Information and Communications Nguyen Manh Hung says Vietnam’s information and communications technology (ICT) industry has a rare opportunity to reposition itself. If the ICT industry continues to focus on assembly, processing and outsourcing, he said at a conference reviewing 2020 developments and presenting tasks for 2021, it would stagnate. However, if it adopts the “Make in Vietnam” strategy for the development of Vietnam’s digital technology enterprises, mastering technology, designing, renovating and producing in Vietnam, it would spur the country’s gross domestic product (GDP) growth by two to four times. The “Make in Vietnam” strategy will also turn Vietnam into a prosperous, developed and high-income country by 2045. The belief is further strengthened by data showing that Vietnam currently ranks second in the world in manufacturing phones and components, and 10th in manufacturing electronics and components. These are also two … [Read more...] about Aspiring to turn Vietnam into a technology powerhouse

What are the principles to build forest environment and CO2 indexes? Prof. Pham Van Dien, deputy director general of the Vietnam Administration of Forestry (VNFOREST) The forest environment index would be a measure of the capacity to decrease CO2 emissions while simultaneously increasing absorption. A key part of this is forest carbon stock, the amount of carbon that has been sequestered from the atmosphere and is stored within the forest ecosystem. Comparing the forest environment index with actual emissions will help set payments for reducing emissions and establish a market for international emissions trading for sellers, buyers, and intermediaries alike. Regarding the CO2 index, I believe there are two theoretical avenues that can be taken. The index can either concern the carbon emissions of each facility separately, with the upper limit being the emissions quota allotted for them, or look at the net emissions of the entire market and carbon credit created … [Read more...] about Pooling all efforts for the carbon market

National unity promoted During its 90-year history, the Vietnam Fatherland Front has always exerted efforts to perform its role as the host of campaigns and activities to mobilise resources in all social strata to contribute to the country’s socio-economic growth and ensure national defence and security. Vice President of the Vietnam Fatherland Front Central Committee Ngo Sach Thuc says the Front has promoted patriotism, solidarity and creativity among people, which could be seen through effective implementation of its mobilisations on realising the country’s development goals and improving its people’s livelihood. He says: “The Front has become a bridge to converge people and promote national unity. It could be seen through warm responses of people to mobilisation campaigns targeting the poor, policy beneficiaries, the disadvantaged and fellow residents affected by floods, etc.” In the mobilisation campaign of ‘All people unite to build new-style rural areas and civilised … [Read more...] about 90 years of Vietnam Fatherland Front: National unity promoted