4 million euro to usd

Hanoi (VNA) – Vietnam’s garment-textile sector sets a target of 39 billion USD in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex). Last year, due to impacts of the COVID-19 pandemic, the US-China trade tensions, the trade protectionism and the Brexit, Vietnam’s garment-textile exports reached only 35 billion USD. However, the result is still remarkable given the global demand dropping over 22 percent. In 2020, Vietnam was the only among the world’s top five garment-textile exporters not to have to cease production. Vinatex recorded total revenue of 15.5 trillion VND (670.7 million USD) and combined profits of 628.9 billion VND, equal to 106 percent and 164.8 percent of the set targets, respectively. Vinatex Chairman Le Tien Truong suggested the Government cut long-term interest rates, elaborating that garment-textile firms would find it hard to access loans after a year of low business … [Read more...] about Garment-textile sector eyes 39 billion USD in export turnover

Hanoi (VNA) - The Vietnam Red Cross Society (VNRC) targets mobilising the necessary financial resources to provide at least 1.5 million gifts to poor and near-poor households, victims of Agent Orange (AO), victims of natural disasters and COVID-19 in 2020, and other vulnerable people ahead of the Lunar New Year (Tet) holiday. It forms part of the annual “Tet for the poor and AO victims” campaign held under the “Humanitarian Power 2020” programme, which aims to call on support from all to help the impoverished, AO victims, and other disadvantaged people nationwide enjoy a warm Tet. The VNRC said the programme will be broadcast live on the National Assembly Television Channel on January 16 night. A SMS campaign has been launched to mobilise funding for “Tet for the poor and AO victims”. Each text message with the word “TET” sent to 1409 before February 28 will contribute 20,000 VND (0.90 USD) to the fund. The VNRC and its chapters … [Read more...] about Red Cross Society hopes to present 1.5 million Tet gifts to the needy

As Vietnam is doing well in its containment of the CODI-19 pandemic, it is expected the country’s tourism sector will gradually recover in 2021. In this context, enhancing connectivity between tourism service providers and promoting the role of major travel companies are both crucial factors for domestic tourism to reboot itself post-COVID-19. Therefore, more drastic measures are needed to remove the above-mentioned obstacles and increase the efficiency of tourism connectivity, thus enhancing the overall competitiveness of Vietnam’s tourism. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

HCM City (VNS/VNA) - The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index. This month pork has been sold at the Hoc Mon wholesale market in Ho Chi Minh City for around 72,000 VND (3.17 USD) per kilogramme, 8,000 VND down from previous months, according to its management. Le Xuan Huy, deputy general director of the CP Livestock Joint Stock Company, said hog prices are down because of increased imports of both frozen pork and live pigs as well as lower demand. According to the Ministry of Agriculture and Rural Development, in the first seven months of this year Vietnam imported more than 93,248 tonnes of pork, mainly from Canada, Germany, Poland, Brazil, the US, Spain, and Russia, 223 percent up from the same period in 2019. The ministry licensed imports of pigs on the hoof from Thailand from mid-June. As of August 36 companies registered to quarantine more than 4.7 million … [Read more...] about Pork prices fall as Vietnam increases imports

Can Tho (VNA) - Part of a project on developing and improving awareness of creative education in the Mekong Delta city of Can Tho, Dream Space was inaugurated at the Can Tho School of Culture and Arts by the Asia Music & Performing Arts (AMPA) Education on January 15. It will serve as a multifunctional music and arts room with modern musical instruments. Apart from the Can Tho School of Culture and Arts, the project will also benefit other music and arts schools and certain primary schools in the city. It aims to promote awareness of the importance of creative education in students’ comprehensive development and create conditions for them, especially those in rural areas, to access music and creative arts. Investment stands at over 994 million VND (43,000 USD), including 888.5 million VND from AMPA Education, a non-government organisation, and it is being carried out from September 2020 to July 2023. Tran Van Nam, Vice Rector of the Can Tho School of Culture and Arts, … [Read more...] about Dream Space to promote creative education in Can Tho