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China's Hainan, an island province dependent on tourism, locked down more areas on Monday, state media reported, as it battles its worst COVID-19 outbreak after seeing very few cases the past two years compared with many other regions in the country. The island in the East Vietnam Sea, which recorded just two local symptomatic COVID-19 cases last year, has reported more than 1,400 domestically transmitted infections this month, including 982 symptomatic ones. Although that is small by global standards, it is the province's biggest outbreak since the virus was first reported in the central Chinese city of Wuhan in late 2019. The sharp increase in cases comes amid a pick-up in interest in tourism after China slightly eased curbs aimed at domestic travel, accounting for the shorter incubation period of the Omicron variant, which facilitates a shorter quarantine time. However, the curbs in Hainan, in line with China's "dynamic COVID-zero" policy that aims to stamp out outbreaks as … [Read more...] about China’s Hainan expands COVID-19 lockdowns to quell outbreak

In August alone, the total rainfall in Vietnam's northern region would be 10-20% higher than in previous years. Vietnam could face two tropical depressions or storms in August, according to the National Center for Hydrometeorological Forecasting (NCHMF). NCHMF deputy director Hoang Phuc Lam said the center was monitoring the possibility of weather disturbances that could evolve into tropical depressions or storms in the East Sea over the next five to seven days. Lam noted that under the influence of the tropical depression, the northern part of Vietnam will experience strong winds and rough seas, while heavy rains and strong winds are likely to occur in the coastal areas in the next few days. “Storms and tropical depressions are likely to hit in the northern part of the East Sea this month and increase in frequency in the following months,” the deputy director said. The satellite image of Storm Chaba which hit Vietnam in July 2022. Photo: NCHMF … [Read more...] about Two storms forecast to hit Vietnam this month

A low pressure is likely to strengthen into a tropical depression on the East Sea, reported the National Centre for Hydro-Meteorological Forecasting (NCHMF). According to the NCHMF, from August 7-8, the low-pressure front would appear on the East Sea. The sea area in the southern localities from Binh Thuan to Ca Mau and the south of the East Sea would have strong winds and rough waves of between 2-4 metres high. Low pressure is likely to strengthen into a tropical depression on the East Sea The low-pressure front would then turn into a tropical depression later. On Wednesday, the Central Steering Committee for Natural Disaster Prevention and Control asked localities to update the information about the low pressure and communicate the news to vessels. The natural disaster prevention and control and rescue force of cities and provinces need to be ready for urgent responses in necessary cases. This evening and tomorrow, the East Sea and coastal areas from Binh … [Read more...] about Tropical depression likely to hit East Sea

The General Department of Vietnam Customs reported that as of mid-July, garment-textile was one of the four sectors posting the highest export revenue, with a record of over 20 billion USD, up nearly 20% year-on-year. Garment-textile was also among the six groups whose export value increased by over 1 billion USD. Vietnamese garment-textile products were shipped to 55 countries and territories worldwide, including 17 markets with a turnover of more than 100 million USD each. The US, Japan, the Republic of Korea and Canada were among major buyers of the Vietnamese products. Earlier, the Vietnam Textile & Apparel Association said textile-garment producers target to earn up to 21 billion USD from exports in the second half of this year, raising total shipments of the year to around 43 billion USD./. VNA … [Read more...] about Garment-textile exports set to hit 45.7 billion USD this year

SINGAPORE/MUMBAI -- Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation that is already near record highs. Rice has bucked the trend of rising food prices amid bumper crops and large inventories at exporters over the past two years, even as COVID-19, supply disruptions and more recently the Russia-Ukraine conflict made other grains costlier. But inclement weather in exporting countries in Asia, which accounts for about 90% of the world's rice output, is likely to change the price trajectory, traders and analysts said. "There is an upside potential for rice prices with the possibility of production downgrades in key exporting countries," said Phin Ziebell, agribusiness economist at National Australia Bank. "An increase in rice prices would add to already major challenges for food affordability in parts of the developing world," Ziebell told … [Read more...] about Analysis: Global rice supplies at risk as harsh weather hits top exporters

An investor was watching his cellphone in front of a stock trading board. (Photo cafe.vn) Hanoi (VNS/VNA) - The number of newly-opened securities accounts dropped sharply in July to the lowest in about two years as stock market liquidity hit a monthly low. Data from the Vietnam Securities Depository (VSD) showed domestic investors opened 199,128 new securities accounts last month, a decline of 57% over the previous month. This is the second time the number of new accounts opened in the country has dropped below 200,000 units. The last time was in February, which coincided with the Lunar New Year Holiday. Retail investors continued to be the market’s key contributor opening 198,988 new accounts, with 140 accounts from institutional investors. Meanwhile, in July, domestic individual investors closed 3,279 accounts. In the first seven months of the year, domestic investors opened more than two million new securities accounts, far exceeding the figure for 2021 (1.53 … [Read more...] about New securities accounts hit near two-year low in July