Vietnam 24

The Hanoitimes - The foreign-invested sector made up 76.4% of Vietnam’s total exports in the first two months with US$37.07 billion, representing an increase of 30.5% year-on-year. Vietnam reported an estimated trade deficit of US$800 million in February, narrowing the trade surplus in the first two months of 2021 to US$1.29 billion in 2019, the General Statistics Office (GSO) has said in a monthly report. Data: GSO. Chart: Ngoc Thuy Overall, Vietnam's trade turnover in the January-February period is likely to rise by 24.5% year-on-year to reach US$95.81 billion, of which its export value could amount to US$48.55 billion, up 23.2% year-on-year, and imports are estimated at US$47.26 billion, up 25.9%. According to the GSO, the foreign-invested sector made up 76.4% of the total exports with US$37.07 billion, representing an increase of 30.5% year-on-year, and the domestic-invested sector with US$11.48 billion, or 23.6% of the total. Among Vietnam’s key … [Read more...] about Vietnam posts trade surplus of US$1.3 billion in 2-month period

The Hanoitimes - While the UK continues to be a potential market for Vietnam’s key export staples, the latter could be a springboard for British companies to reach a broader market in Southeast Asia. As the UK and Vietnam markets are highly complementary, trade relations between the two countries would ensure a win-win scenario for all parties involved, according to Vice Minister of Industry and Trade Hoang Quoc Vuong. Overview of the conference. Source: MoIT. As of one the world’s hubs of economy, politics, culture and science, the UK remains Vietnam’s priority economic partner, stated Mr. Vuong at a conference discussing opportunities for British and Vietnamese businesses on October 6. While the UK continues to be a potential market for Vietnam’s key export staples, including agricultural products, footwear, textile, phones and wood, among others, the latter could be  a gateway for British companies to access a broader market in ASEAN, added Mr. Vuong. … [Read more...] about Vietnam – UK trade cooperation is a win-win relationship

Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. … [Read more...] about VIETNAM NEWS HEADLINES MARCH 1

>>> VND20 billion offered for home-grown COVID-19 vaccine clinical trial study >>> Nearly 300 volunteers in Long An engage in second-stage trials of Nano Covax Protecting against new SARS-CoV-2 variants from the UK and South Africa IVAC's COVIVAC vaccine research project started from May 2020 on the basis of cooperation with the relevant universities, research institutes and international organisations. IVAC Director Dr. Duong Huu Thai shared that the vaccine phase 1 and phase 2 clinical research protocols have been approved by the National Ethical Council in Biomedical Research and the Ethical Councils at grassroots level. IVAC is scheduled to kickstart the clinical trials at National Institute of Hygiene and Epidemiology (NIHE) and Hanoi Medical University in early March and will conclude by this October. According to Dr. Thai, volunteers participating in the study include 120 healthy persons, aged 18-59, both male and female. They will receive … [Read more...] about Vietnam to commence human trials on second home-grown COVID-19 vaccine in early March

A wind farm of Trung Nam Group in Ninh Thuan province in the central region of Vietnam (Photo courtesy of the Group) Hanoi (VNS/VNA) - Vietnam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT). On February 9, the MoIT issued a draft national electricity development planning project for 2021-2030, with a vision to 2045 or the power master plan VIII and asked other ministries and agencies to contribute their ideas. With forecasts that Vietnam's GDP growth will reach an average of 6.6 percent per year in 2031-2045 and 5.7 percent per year in 2031-2045, the MoIT forecast the supply of commercial electricity to reach 491 billion kWh by 2030, and 877 billion kWh by 2045. The draft expected by 2030, the total installed capacity of electricity sources in the country would reach 137.2 GW including 27 percent from coal-fired … [Read more...] about Vietnam needs 128.3 billion USD to develop electricity industry