How are north and south korea different

Export value skyrockets over Lunar New Year Vietnam's export turnover during this Lunar New Year saw breakthrough growth, occupying nearly half of the total export-import turnover. The latest data published by the General Department of Vietnam Customs showed that export volume over the seven days (February 10-16) of the Lunar New Year holiday reached $730 million, rising 79 per cent on-year and accounting for about 44 per cent of the $1.67 billion export-import turnover. The main export articles include mobile devices and components valued at $332 million; computer and electronic products worth $251 million. The two categories accounted for 80 per cent of the total export value. This Lunar New Year saw exports going to 80 markets, seven more than last year. China continues to be the leading export market with a value of $189 million (26 per cent). Following are the US ($152 million), South Korea ($67 million), and Hong Kong ($57 million). According to statistics from the … [Read more...] about VIETNAM BUSINESS NEWS FEB. 28

Prof. Dr. Andreas Stoffers - Country director, Vietnam The Friedrich Naumann Foundation for Freedom The United Kingdom is an important trading partner of Vietnam. In 2020, trade turnover between the two countries amounted to $6.6 billion. With $5.8 billion in exports, Vietnam’s trade balance was clearly positive, which also underlines the country’s strong interest in reaching an amicable agreement with the UK. In recent years, despite the uncertainties associated with Brexit, the growth of trade relations has been unbroken, averaging 12.1 per cent per annum in 2011-2019. The trade relations between the EU and Vietnam are naturally greater given the fact that the EU is the world’s largest market. In 2019, the EU was the second-most important overseas market for Vietnamese products with a total trade volume of $56.45 billion, of which Vietnam’s exports accounted for two-thirds ($41.55 billion). This is 16 per cent of the country’s total export volume. In 2020, exports to the EU … [Read more...] about Added trade potential for Vietnam with UK-EU deals

LNG is seeing great growth prospects in 2021 Though marginal, the increase in volume reflects the resilience and flexibility of the global LNG market in 2020, a year which saw losses to global GDP of several trillion dollars as economies large and small struggled to contain the COVID-19 outbreak. Demand in 2019 stood at 358 million tonnes. Global LNG prices hit a record low early in the year but ended the 12-month period at a six-year high as demand in parts of Asia recovered and winter buying increased against tightened supply. “LNG provided flexible energy which the world needed during the COVID-19 pandemic, demonstrating its resilience and ability to power people’s lives in these unprecedented times,” said Maarten Wetselaar, Integrated Gas, Renewables and Energy Solutions director at Shell. “Around the world countries and companies, including Shell, are adopting net-zero emissions targets and seeking to create lower-carbon energy systems. As the cleanest-burning fossil … [Read more...] about 2020 LNG demand holds despite COVID-19, set for growth as global economies recover

Cars imported from ASEAN countries via Hiệp Phước port in HCM City. Photo vietnamnet.vn HÀ NỘI — Việt Nam spent US$213 million importing cars in January, a 34.3 per cent drop compared to the previous month, reports the General Department of Customs. The main markets are Thailand with 4,341 units, China (1,463 units) and Indonesia (1,437 units), accounting for 87 per cent of the country’s total imported cars. Nine-seater passenger vehicles or passenger cars of under nine seats are 5,203 units worth nearly $102 million, accounting for 62.4 per cent. The number of vehicles with less than nine seats imported dropped by 27.4 per cent in January or a decrease of 1,965 units compared to December 2020. For transport vehicles, the import volume stood at 2,230 units worth $60.6 million, down 48.6 per cent in volume and 40.9 per cent in value compared to December. January also saw an import volume of 907 special use vehicles valued at $50 million. Of this figure, 736 units … [Read more...] about Việt Nam’s automobile imports slow in January

Nguyễn Thị Thu Nhi trains at the Cocky Buffalo club in HCM City to prepare for her WBO title fight in April. Photo courtesy of Cocky Buffalo Boxing Thanh Hà HÀ NỘI — Nguyễn Thị Thu Nhi will have to wait till April for her chance to become the first Vietnamese world female boxing champion after her fight was delayed. Instead of being dismayed, the pint-sized boxer has taken the delay as an opportunity to sharpen her technique to prepare for her date with destiny. The World Boxing Organization (WBO) agreed to move the mini flyweight (48kg) title defence between Thu and Japanese boxer Etsuko Tada to April, about two months after it was scheduled to be held. The delay was needed as Tada could not travel to Việt Nam in February due to the COVID-19 pandemic. It was the second time that the bout was postponed after being originally scheduled for last April in South Korea. “It is sad that it was delayed again while I am in good mood and preparing well for it,” … [Read more...] about Boxer Nhi gears up for her world title shot