11 11 make a wish

Hanoi (VNA) – The 13th National Congress of the Communist Party of Vietnam, taking place from January 25 to February 2, has been highlighted by international media. The Associated Press (AP) on January 25 ran an article, saying that almost 1,600 delegates are attending the congress this week to approve future policy and help select the nation’s top leaders. Hanoi’s streets are lined with the Party’s hammer and sickle flags, national flags and posters to promote the congress, which is held every five years. Some 4,900 people involved with the event must each take two tests for the coronavirus SARS-CoV-2. The article cited Murray Hiebert, a senior associate of the Southeast Asia Program at the Centre for Strategic and International Studies in Washington, as saying that Vietnam has grown an average of 6 percent over the past five years and nearly 3 percent in 2020, when most of its neighbors slumped into recession due to the pandemic. Japan’s Nikkei Asia … [Read more...] about 13th National Party Congress makes foreign headlines

According to Mr. Nguyen Quoc Toan, Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development (MARD), every year, the EU imports agricultural products with a total value of about US$160 billion. Vietnam has many dominant commodities, but some products have not made the most of the advantages from the EVFTA to export to the EU. For instance, Vietnam is the world’s largest cashew nut exporter, but it has not yet benefited from exporting processed cashew to the EU market. Despite the advantage of a quota of 20,000 tons, the cane sugar industry has not had any optimistic signals yet. Honey exports to the US are the highest, followed by China and Japan, but honey exports to the EU remain modest. With the addition of the EU market, it will diversify markets and prevent breakages of the supply chain. Moreover, exporters will not be on the back foot, looking for new markets. Under the EVFTA, deeply-processed products from … [Read more...] about Enterprises yet to make use of EVFTA when exporting agricultural products to EU

Hanoi (VNA) - Despite the impact of COVID-19, the Hoa Phat Group still recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said. It earned almost 91.28 trillion VND (3.9 billion USD) in revenue and posted 13.5 trillion VND in after-tax profit last year, up 41 percent and 80 percent, respectively, against 2019. In the fourth quarter alone, its revenue rose 43 percent year-on-year to nearly 26.17 trillion VND, while after-tax profit surged 142 percent to 4.67 trillion VND - a quarterly record. Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled the 2019 figure, to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. In particular, 3.4 million tonnes of finished construction steel were produced, up 22.5 percent against 2019. Hoa Phat’s steel market share in Vietnam currently stands at 32.5 percent. The group … [Read more...] about Hoa Phat Group posts 80 pct. growth in after-tax profit

Kien Giang (VNA) - The first round of the National Billiards and Snooker Tournament 2020 kicked off in Rach Gia city in the Mekong Delta province of Kien Giang on June 11. This is the first time Kien Giang has hosted a national billiards and snooker tournament, which will determine the competitors in international championships this year. A total of 944 players from 26 cities and provinces nationwide will compete in six competitions: three-cushion billiards, cushion carom, six red-ball snooker, English billiards, and nine-ball pool and ten-ball pool during the ten-day event, which will wrap up on June 20./. … [Read more...] about More than 940 players competing in 2020 national billiards, snooker tournament

The country’s labour productivity in the 2016-20 period increased by 5.8 per cent, exceeding the set target, while the consumer price index decreased from 18.6 per cent in 2011 to below 4 per cent in the 2016-20 period. Its import and export increased 1.7 times, with a trade surplus posted for five consecutive years. E-commerce became an important distribution channel of the economy with an increase of 25 per cent. The country also saw its tourism sector grow nearly 30 per cent per year on average, reaching 18 million international visitors in 2019, an increase of more than 10 million compared to 2015. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period