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Vietnam records 1.35 billion USD trade deficit in first half of June Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the latter half of May, the General Department of Customs has announced. Among items posting the strongest turnover decline included computers, electronics and parts with 1.06 billion USD, down 800 million USD; machinery and equipment with 1.1 billion USD, down 260 million USD; and telephones and components with 1.96 billion USD, down 50 million USD. Since the beginning of this year to mid-June, the nation’s trade value surpassed 288.6 billion USD. Of the sum, over 143.3 billion USD came from exports, up 30 percent year-on-year while the remainder of 145.3 billion USD was from imports, up 36 percent. That resulted in a trade deficit of 1.96 billion USD, the department said. According to trade experts, the above-mentioned trade deficit was … [Read more...] about VIETNAM BUSINESS NEWS JUNE 23

Additional 88 domestically-transmitted COVID-19 cases reported Vietnam logged 97 new COVID-19 cases, including 88 domestic and nine imported, in the past six hours to 6pm on June 22, the Ministry of Health (MoH) said. Most of the new cases were detected in Ho Chi Minh City, with 63 infections, and the remainders were discovered in Bac Giang (12), Bac Ninh (6), Hung Yen (2), Nghe An (1) and Hanoi (1). By 6pm on June 22, the country had recorded a total of 12,010 domestically-transmitted infections and 1,717 imported cases. The number of locally-transmitted cases since the fourth COVID-19 wave hit Vietnam on April 27 amounted to 10,875, including 2,772 recoveries. According to the MoH’s Medical Service Administration, 5,546 patients have given the all-clear from coronavirus SARS-CoV-2 to date, while the death toll related to the disease was 69. Among active patients undergoing treatment, 377 have tested negative to the virus once, 132 twice and 141 thrice./. 12-hour … [Read more...] about VIETNAM NEWS HEADLINES JUNE 22

Illustrative image Hanoi (VNA) - Two international undersea cable lines - Intra Asia (IA) and Asia Pacific Gateway (APG) - that make up the majority of Internet connection capacity from Vietnam to the world have encountered problems since the beginning of this year. The IA cable, connecting Vietnam with Hong Kong and other parts of Asia, experienced technical problems starting January 1. The cause was determined by a cable error on segment 1, about 49 km away from the docking station at Singapore’s cable line. The problem affects all connections to Singapore. Meanwhile, the APG cable had a problem on the S3 branch, interrupting information in the direction of connecting to Hong Kong (China), Japan. Currently, Internet service providers in Vietnam have not received any plan to repair the trouble on the two undersea cables. However, Viettel, VNPT and FPT are the providers that are using a lot of capacity on the two cable lines have diverted traffic to other undersea … [Read more...] about Repairs to Vietnam’s two undersea cables to take weeks

Night tour to Thang Long Imperial Citadel (Photo: VNA) Hanoi (VNA) – The number of tourists to Hanoi in the first half of 2021 is estimated at 2.9 million, down 25 percent year-on-year, according to the municipal Tourism Department. The city has earned only 8.1 trillion VND (352.6 million USD) from tourism services, a year-on-year decrease of 57 percent. Currently, Vietnam has not yet opened its doors to international tourists. The number of foreigners coming to Hanoi during this time is modest, mainly experts and workers staying in Vietnam. Therefore, the capital city’s tourism industry has actively restructured new tourism products with a view to better serving domestic tourists , such as a night tour to decipher Thang Long Imperial Citadel – a UNESCO-recognised world cultural heritage site, a folk experience tour to the Museum of Ethnology, or a night tour to the Hoa Lo prison relic site. The city is designing and making a system of tourist signs, logos … [Read more...] about Hanoi welcomes 2.9 million visitors in first half 2021

The 22nd conference of the Southeast Asia-Pacific Audiovisual Archive Association in Bangkok, Thailand (Photo: the Vietnam Film Institute) Hanoi (VNA) – Hanoi will host the 25th conference of the Southeast Asia-Pacific Audiovisual Archive Association (SEAPAVAA) in both virtual and face-to-face forms from June 20-25, according to the Ministry of Culture, Sports and Tourism. Under the approved plan, the conference themed “AV Archiving in Changing Times: Successes, Failures, and Challenges” will take place from June 23-24, focusing on theory and practice of audiovisual archive in the field of cinema. Apart from mentioning successes, the event will also point out failures and challenges, as well as experience and solutions to these issues. Vietnamese and international speakers will present about 20 papers at the event, which will see the participation of representatives from 33 film and audiovisual archive organizations of 23 SEAPAVAA member countries and territories, and … [Read more...] about Vietnam to host Southeast Asia-Pacific audiovisual archive conference

Illustrative image (Source: VNA) Hanoi (VNA) – The number of Singaporean millionaires may increase by more than 60 percent in the next five years following a surge in millionaires forecast in the region after financial capitals emerge from the COVID-19 pandemic, according to the 2021 Global Wealth Report released by Credit Suisse Group AG. The report shows that Singapore may have 437,000 millionaires by 2025 compared with 270,000 in 2020, representing a rise of 62 percent, a faster growth than Hong Kong’s estimated 60 percent for the period, but slower than the growth forecast in China, India, Australia, the Republic of Korea and Taiwan (China). Singapore’s millionaire density – or percentage of millionaires in the total population –  was 5.5 percent in 2020, the second-highest in Asia after Hong Kong’s 8.3 percent, the report says. The country’s Gini coefficient – a more broad-based measure of wealth inequality – was at 78.3 in 2020, much higher than Japan’s … [Read more...] about Number of Singaporean millionaires forecast to rise 60 pct in five years