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Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25

Vietnam confirmed an additional 9,362 Covid-19 infections on Monday and 10,528 patients were discharged from hospital following their recovery the same day, according to the Ministry of Health. According to the ministry's report, 9,342 of the new patients are locally-transmitted cases confirmed in 36 localities including HCM City (4,134), Binh Duong (3,793), Dong Nai (616), Long An (190), An Giang (131), and Tay Ninh (80). There were 20 imported patients confirmed today. The new infection number showed a decrease of 669 cases compared to yesterday's figure. There were 4,453 infections found in the community. As of Monday evening, 761,527 infections have been reported since the new outbreak occurred in the country in late April, with some southern localities recording high infections such as HCM City (375,794), Binh Duong (203,989), Dong Nai (46,283), Long An (31,979), and Tien Giang (13,845). The outbreak has so far spread to 62 out of 63 cities and provinces … [Read more...] about Vietnam reports falling Covid-19 infections on Monday

At a factory of Nestle in Hung Yen province (Photo: baodautu.vn) Hanoi (VNA) – Recent announcements made by foreign investors on additional investment to expand production in Vietnam reflect their trust in Vietnam’s prospects for economic recovery, reported the Dau tu (Investment Review) newspaper. The Swiss company Nestle said it is pouring an additional over 130 million USD, raising its total investment in Vietnam to 730 million USD to carry out a number of its projects in the next two years. Urs Kloeti, Factory Manager of Nestle Bong Sen, was quoted by the newspaper as saying that his company believes in Vietnam’s role as an international and regional manufacturing hub in the future. Alongside Nestle, other foreign firms have committed to maintaining operations in Vietnam despite the fourth wave of COVID-19 outbreaks that have forced various localities to apply stringent preventive measures. Tetra Pak of Sweden has confirmed that it will pump 5 million EUR (5.86 … [Read more...] about Foreign investors keep trust in Vietnam’s recovery

The three localities with the highest number of new cases were Ho Chi Minh City with 4,134 cases, Binh Duong with 3,793 cases and Dong Nai with 616 cases. Of the day's tally, 4,453 cases were detected in the community. The health ministry also confirmed 10,528 discharges the same day, bringing the total tally of recovered cases so far to 538,454. The Covid-19 death toll in Vietnam rose to 18,758 with the confirmation of 174 deaths Monday. The average number of new cases in the country for the past seven days has been 10,035 a day while the national death rate over the past week has been 208 a day on average. The country has vaccinated over 39.23 million people with at least one Covid-19 vaccine shot. Over 8.2 million have been fully vaccinated. … [Read more...] about Vietnam adds 9,342 cases to Covid-19 tally