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VIETNAM NEWS HEADLINES APRIL 11

April 11, 2021 by vietnamnet.vn

Unique ceramic streets in Lien Mac village

Residents of Lien Mac village in Hanoi’s Bac Tu Liem district have been busy collecting discarded materials such as ceramics, bottles, and dishes to decorate the village’s streets.

The initiative was inspired by a group of painters and received a warm response from local people, especially in collecting materials and gluing the ceramic pieces together.

The mosaic walls also help spread a message to everyone about environmental protection.

The vivid and artistic artworks have already garnered major attention from local people and visitors alike./.

VNA, NA Office release photo book on 14th legislature

The Vietnam News Agency (VNA) and the National Assembly (NA) Office have coordinated in compiling and publishing a photo book on the 14th legislature.

The 428-page book, titled “Quoc hoi khoa XIV – Nhung thanh tuu va dau an noi bat” (The 14th National Assembly – Outstanding achievements and imprints,” comprises nearly 1,000 photos featuring the past five-year journey of the legislative body.

Such photos, together with infographics, give readers an insight into the NA’s performance in legislation, supervision, decision-making on the country’s major matters, and external affairs.

The book also devotes pages to introducing 494 deputies to the 14th NA, who are grouped in provincial and municipal delegations of NA deputies.

The book has been released at the end of the 14th legislature that created many hallmarks during the five-year tenure.

The 14th NA concluded its 11th session – the last of this tenure – in Hanoi on April 8, with many important contents on reviewing the tenure’s work, building laws and handling personnel matters completed over the course of 12 days./.

Foreign scholars have high expectations for Vietnam’s new leadership

Vietnam’s new leadership is expected to continue inheriting and building on impressive achievements made in the past tenure to carry the country forward, contributing to ensuring peace, stability and development in the region and the world, said Dr. Takashi Hosoda, an expert on Asia-Pacific from the Czech Republic’s Charles University.

In an interview recently granted to a Vietnam News Agency correspondent in Prague, Hosoda said in order to continue ensuring national interests and security, improving the country’s stature on international arena, Vietnam needs to maintain balance between ensuring a stable regional environment and promoting economic development.

Specifically, he suggested Vietnam pay attention to joining ASEAN’s cooperation mechanisms and other multilateral cooperation frameworks with the participation of the US, Australia, Japan, the UK and the European Union to shape international code of conduct.

Additionally, Vietnam needs to keep boosting multilateral trade and mutually beneficial economic relations within the framework of multilateral free trade agreements, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union – Vietnam Free Trade Agreement (EVFTA), he said.

In particular, Vietnam also needs to enhance trust in international relations by reinforcing bilateral and multilateral cooperative ties in a more substantial and effective manner, for the sake of peace, stability and development in the region and the world.

The scholar also expressed his special impression of Vietnam’s success in controlling COVID-19 pandemic and sustaining economic development, saying that while countries suffered negative growth due to the pandemic, Vietnam was one of a few economies to achieve a growth of 2.91 percent last year.

According to him, the success demonstrated Vietnamese leaders’ prestige, capability and determination when facing difficulties.

Hosoda also highlighted the Southeast Asian nation’s important external achievements thanks to multilateral foreign and global economic integration policies.

As ASEAN Chair in 2020, Vietnam actively worked to raise international community’s awareness about the importance of international maritime security besides other issues. Major powers like the US, Australia, India, Japan and European nations actively contributed to maintaining maritime security and freedom in Indo-Pacific and Southeast Asia in particular.

In global integration, Hosoda hailed Vietnam for actively signing important multilateral trade deals like the CPTPP and EVFTA, which held strategic significance and created a driving force for Vietnam to develop its economy.

In Russia, the Independent, the most popular newspaper in Russia, recently published an article by Chairman of the Council of Experts of the Eurasian Research Fund Grigory Trofimchuk on important leadership changes in Vietnam.

Among four new pillar leaders, Party General Secretary Nguyen Phu Trong and State President Nguyen Xuan Phuc have been known among and trusted by many Russian people.

Pham Minh Chinh is considered “the PM of the fourth industrial revolution” in Vietnam while NA Chairman Vuong Dinh Hue will assume great responsibility as inter-parliamentary cooperation is becoming an important factor of global security and stability, he wrote.

The author said Vietnam is now among 40 largest economies and 16 most successful emerging economies in the world. It also climbed three spots in the global soft power rankings.

Concluding the article, he said Vietnam’s leadership apparatus has been completed and is ready to perform harder and more ambitious tasks set by the 13th National Party Congress./.

Italian official: Vietnam, Italy could work on fields of shared interest

Vietnam, in its capacity as a non-permanent member of the United Nations Security Council, and Italy – in its role as Chair of the G20 and Co-Chair of the 26th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change, could strive and work together on fields of shared interest such as trade liberalisation, climate change combat and respect of international law, said Undersecretary of State for Foreign Affairs and International Cooperation of Italy Manlio Di Stefano.

In an interview recently granted to Vietnam News Agency correspondents in Rome, Di Stefano said in recent years, Vietnam has made a stride in history, which was the result of the Vietnamese leaders’ strategic vision.

The country has overcome difficulties during the Cold War and chosen the road of modernisation and multilateral integration with basic steps such as entry to the UN, ASEAN, the World Trade Organisation, and establishment of ties with regional organisations like the European Union as well as strategic partnership with many nations worldwide, including Italy, he said.

According to him, Vietnam’s opening of door to receive foreign investment, including those from Italy, has brought to Vietnam necessary resources in terms of investment, labour and technology for national construction.

Italy pays attention to Vietnam’s important role in the region and on international arena, he said, adding that the two nations have supported principles of a world order based on the respect of rules and the peaceful settlement of disputes, as well as shared a common wish to effectively promote multilateralism and sustainable development for all stakeholders.

He reiterated Italian President Sergio Mattarella’s congratulatory message sent to new State President Nguyen Xuan Phuc that Italy will grasp cooperation opportunities from the Vietnam – Italy strategic partnership established in 2013 and the Italy – ASEAN development partnership signed in 2020.

The COVID-19 pandemic showed that common issues must be settled via solidarity and cooperation, which inspired Italy in its role as G20 Chair and promptly the country to fund 116 million USD for the Access to COVID-19 Tools Accelerator (ACT-A) to offer equal access to vaccines worldwide, including Vietnam. He also hailed Vietnam for effectively coping with the pandemic thanks to its experience in dealing with SARS in 2003.

Commenting on the prospect of bilateral cooperation after the European Union – Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, Di Stefano expressed his belief in growing Italy-Vietnam trade ties this year. He suggested that Vietnam and the EU continue pursuing the goal of trade liberalisation in a more balanced manner.

As many as 110 Italian firms are operating in Vietnam. Bilateral economic ties are growing, especially in traditional fields such as machinery, apparel, automobiles, farm produce, oil and gas.

The European nation also supports hi-tech investment in Vietnam in telecommunications, outer space, pharmaceuticals, architecture and design, renewable energy, and innovation industries, he said.

He also expressed his hope to visit Vietnam when conditions allow.

Russia scholars, media confident in Vietnam’s new leadership

Vietnam’s new leadership have recently been on the radar of Russian scholars and media, especially after Russian President Vladimir Putin had a phone call with the Party General Secretary Nguyen Phu Trong and sent his congratulations to newly-elected leaders of Vietnam.

In an interview with Vietnam News Agency (VNA) correspondents in Russia, Professor Vladimir Kolotov, head of the Ho Chi Minh Institute at Saint Petersburg University, said Vietnam’s current apparatus of senior leaders is optimal and harmonious.

It allows the modernisation of the political system, creates a premise for continued reform and propelling the country forward, while maintaining stability and keeping in place leaders who have a wide reputation and rich experience in state administration, he added.

Earlier, also in an interview with the VNA, Valeria Vershinina, an expert from the Moscow State Institute of International Relations University under the Russian Ministry of Foreign Affairs, spoke highly of the new Vietnamese leaders’ dignity and working capacity.

The expert expressed her belief that with its experience and successes in reforming the economy and maintaining a balanced foreign policy, Vietnam will continue posting fast development and playing a growing role in global and regional processes.

In addition, a series of major newspapers and news agency from Russia like TASS, Infox, and Bigasia have published articles on the new leadership, praising Vietnam’s successful election of senior leaders.

Regarding the future prospect of the Vietnam-Russia comprehensive strategic partnership, Russian experts and media said they are confident that the two countries will enhance their bilateral relationship toward practical outcomes as they consider each other their respective priorities in their policy for external relations.

Vietnamese Ambassador in Paris receives French honour

Vietnamese Ambassador to France Nguyen Thiep was presented the French State’s National Order of the Legion of Honour, Class Commandeur, at a ceremony held at the French foreign ministry’s headquarters on April 9.

Addressing the event, Bertrand Lortholary, Asia-Oceania Director of the French Ministry for Europe and Foreign Affairs, congratulated Ambassador Thiep and said that by presenting the noble award, France has recognised and honoured the ambassador’s efforts during his working term in the country.

Ambassador Thiep recalled wishes of the two countries’ leaders to strengthen and expand bilateral relations in various areas.

He highlighted the development of the Vietnam-France strategic partnership over the past three years, marked by a number of visits by senior leaders of the two countries, especially visits to France by General Secretary Nguyen Phu Trong in March 2018 and then National Assembly Chairwoman Nguyen Thi Kim Ngan in March 2019, and by a visit to Vietnam by then Prime Minister Édouard Philippe in November 2018.

These visits have helped enhance trust and deepen bilateral cooperation in a number of fields, Thiep stressed.

Permanent Vice NA Chaiman pays Chol Chnam Thmay visit to Soc Trang

Politburo member and Permanent Vice Chairman of the National Assembly Tran Thanh Man on April 10 visited and extended his greetings to dignitaries of the Mekong delta province of Soc Trang’s Patriotic Clergy Solidarity Association on the occasion of the Khmer people’s Chol Chnam Thmay (New Year) festival.

Most Venerable Tang No, permanent vice president of the association, said it has so far encouraged Khmer Buddhist monks and followers to engage in social activities, and popularised the Party’s policies and guidelines, the State’s laws, and campaigns and movements launched by the Vietnam Fatherland Front.

Amid the complicated developments of COVID-19, the association has postponed the traditional New Year’s rituals and informed the Khmer community on pandemic prevention measures, he added

Speaking at the visit, Man hihglighted Vietnam’s initial success in the fight against COVID-19, saying that the achievement is partly contributed by Khmer people nationwide, including those in Soc Trang.

He wished the association and Khmer people continue working together to overcome difficulties and implement the nation’s dual goals of pandemic prevention and economic development.

He asked them to further participate in the local prevention of natural disasters, drought, and saline intrusion as well as in upcoming National Assembly and People’s Council elections.

On the occasion, the official presented 25 gifts worth 130 million VND (5,645 USD) to local Khmer Buddhist monks and to the association.

According to Most Venerable Tang No, Khmer people accounts for over 30.18 percent of Soc Trang’s population and run 130 worshipping establishments.

Honorary Consul in Italy believes in Vietnam’s new leadership

Vietnam’s Honorary Consul in Torino, Italy Sandra Scagliotti has said Vietnam’s new leadership will build on achievements in the past tenure, continue with reform and affirm Vietnam’s role and stature on international arena.

Italy’s Scenari internazionali newswire on April 9 quoted her as saying that Vietnam’s new leaders are experienced and capable who will surely overcome new challenges and continue with reform in an effective and sound manner.

She said Vietnam – a middle-income country with a goal of basically becoming a modern-oriented industrialised nation by 2030 – is one of the most promising economies in ASEAN. Amid the COVID-19 pandemic, the Vietnamese economy still grew strongly last year on the back of economic stability, upgraded infrastructure and successful negotiations with major trade partners. Its growth is estimated at 6.8 percent this year.

Another important factor to Vietnam’s success in pandemic response was the involvement of the entire political system and high public consensus. Learning from experience in coping with SARS in 2002-2003, the Government’s every action programme was accelerated via a widespread and effective awareness campaign and active public involvement. Therefore, Vietnam became one of the nations worldwide that rode through the pandemic the most effectively.

As ASEAN Chair last year, Vietnam effectively carried out the bloc’s activities to cope with global challenges, contributing to turnining ASEAN into a hub not only on geographical terms.

In recent years, Vietnam has successfully signed 11 trade deals, including the European Union – Vietnam Free Trade Agreement.

Scagliotti affirmed that Vietnam – Italy ties will keep growing in the future.

Programme honours Vietnam’s Ao dai in Hanoi

An Ao dai (Vietnamese traditional long dress) performance event named “Ao Dai Cua Chung Ta” (Our Ao dai) was held in Van Mieu – Quoc Tu Giam (The Temple of Literature) in Hanoi, on April 9.

The area in front of Khue Van Cac (the pavilion of the constellation of literature) in Van Mieu – Quoc Tu Giam became the “stage” for 15 designers to introduce more than 600 Ao Dai designs. Among them, there are renowned designers such as: Minh Hanh, Ngoc Han, Lan Huong, Chu La, and Trinh Bich Thuy.

The event, co-organised by the Thang Long Institute for Cultural Research (TICR) and Tinh hoa Dat Viet Magazine, also features the participations of more than 400 models, actors, and guests, including wives of ambassadors of Italy, India, Laos and Belarus.

Ao dai has long been a traditional costume and a typical cultural feature of Vietnam. Through ups and downs with constant changes, ao dai still honours the gracefulness and elegance of Vietnamese women.

The event “Ao Dai Cua Chung Ta” contributes to the continued promotion of community awareness and responsibility in preserving and protecting traditional Ao dai, and honouring and promoting Vietnamese traditional costumes; while, at the same time, promoting cultural exchange between Vietnam and other countries around the world.

Gifts presented to poor Vietnamese in Cambodia

Up to 100 gifts were presented to poor Vietnamese households in Cambodia hard hit by COVID-19 pandemic on April 10, ahead of the traditional New Year festival Chol Chhnam Thmey from April 14-16.

With the support of Viettel Cambodia’s Metfone company and philanthropists in and outside the region, the event was co-organised by the Vietnamese Consulate General in Preah Sihanouk province, which is in charge of providing consular services in southwestern Cambodian localities – Preah Sihanouk, Kampot, Kep, Koh Kong, Kampng Speu and Takeo.

As the Cambodian Government banned travelling nationwide to prevent the spread of the pandemic, the Consulate General and executive board of the Khmer – Vietnam associations of the southwestern provinces handed over 300 gifts to Vietnamese there.

As scheduled on April 12, Vietnamese Consul General Vu Ngoc Ly will meet Kouch Chamroeun, Governor of Preah Sihanouk – one of the three provinces hardest hit by the February 20 COVID-19 community transmission event, to grant 10,000 face masks.

On the occasion, the Vietnamese Consulate General will offer 200 gifts to help disadvantaged people in Preah Sihanouk.

Also on April 10 morning, Deputy Director of the provincial police Hout Sree received 50 boxes of instant noodles from the Consulate General./

US newspaper highlights Vietnam’s success in completing new leadership

The US newspaper Washington Times has ran an article assessing that Vietnam has succeeded in completing its key leadership positions.

According to the article, Vietnam now has a mindful and influential leadership.

It highlighted Party General Secretary Nguyen Phu Trong and his strong anti-corruption campaign, and State President Nguyen Xuan Phuc with significant economic progresses he helped the nation achieve in his previous post as Prime Minister.

It also expected Prime Minister Pham Minh Chinh to effectively implement contents set out in documents of the 13th National Congress of the Communist Party of Vietnam (CPV).

It said the new administration is expected to bring Vietnam into a new era, with new technologies applied in knowledge-based industries.

Vietnam reports nine imported COVID-19 cases on April 10 afternoon

Nine imported cases of COVID-19 were detected in the past 12 hours to 6pm April 10, raising the national count to 2,692, according to the Health Ministry.

All of the patients are Vietnamese citizens who were put under quarantine right after their arrival through Ha Tin international border gate in Kien Giang province. They are now being treatment at the medical centre in Ha Tien city, Kien Giang province.

As many as 37,938 people who had close contact with COVID-19 patients or arrived from pandemic areas are under medical monitoring nationwide, with 523 in hospitals, 21,705 in designated facilities and 15,710 at their accommodations.

The ministry said 2,429 COVID-19 patients in the country have been given the all-clear so far, while the death toll remains at 35.

Among patients still under treatment, 22 have tested negative for SARS-CoV-2 once, 11 twice and 17 thrice.

To live safely with the pandemic, the Ministry of Health advised people to remain proactive in pandemic prevention and control by continuing to wear face masks when going out, disinfecting frequently, maintaining a safe distance, refraining from mass gatherings, and making medical declarations.

Condolences to UK over passing of Prince Philip

State President Nguyen Xuan Phuc on April 10 sent a message of condolences to Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland over the death of her husband Prince Philip, the Duke of Edinburgh.

Prime Minister Pham Minh Chinh also cabled a message of condolences to PM Boris Johnson.

The same day, Minister of Foreign Affairs Bui Thanh Son extended his condolences to Secretary of State for Foreign, Commonwealth and Development Affairs Dominic Raab.

Prince Philip died on April 9 at the age of 99.

President lauds Da Nang, Quang Nam for achievements

State President Nguyen Xuan Phuc lauded the central city of Da Nang and the neighbouring province of Quang Nam for their achievements over the past years during a working session with their leaders on April 10.

He stressed that due to the COVID-19 pandemic last year, Quang Nam and Da Nang’s economies suffered negative growth. But in the first quarter this year, they achieved outstanding growth.

Da Nang attracted a number of investors and is working on building a financial hub. Meanwhile, Quang Nam dealt with difficulties following disasters and flooding, and is focusing on tourism and services.

The President suggested the two localities seek pillar fields as Da Nang is a hub in the central region and Da Nang – Quang Nam is a growth locomotive in the region and an important driving force of the country.

He asked them to become worth-living localities and join hands to build a powerful country. Following the COVID-19 pandemic, they should strive to become safe tourism paradises.

Their leaders were urged to fix shortcomings, step up reform, rearrange a streamlined apparatus while ensuring effective vaccinations.

The President also asked for creating favourable business environment, fighting negative behaviours and group interest in investment process.

Once Da Nang sets hi-tech industry as a pillar, it is necessary to choose capable investors that abide by law, and create a better working environment to raise labour productivity for socio-economic development.

Forum spotlights digital transformation challenges

A forum on Vietnam’s digital challenges took place on April 9, a follow-up of a chain of technological events initiated by the Ministry of Information and Communications in 2020.

Aim at introducing Make in Vietnam digital platforms, the forum informed participants on a smart transport management platform developed by the Vietnamese-based An Vui Technology JSC since 2015.

The technology facilitates the operation of the long-distance passenger transport industry, helping businesses involved step up digital transformation and scientific management, reduce social waste, and improve competitiveness.

To date, the 20-module platform is serving 150 transport firms, which operate more than 4,000 coaches nationwide.

Addressing the event, Deputy Minister of Information and Communications Nguyen Huy Dung stressed 2020 was the year when the national digital transformation was kicked off and this year is the time for action.

Digital transformation platforms introduced at this forum have formed to solve social challenges, Dung noted.

He unveiled that the ministry will plan a host of digital events with the same aim of searching for and tackling these challenges./.

World Press Photo exhibition opens in HCM City

An exhibition showcasing 158 award-winning works from the World Press Photo contest in the Netherlands from 2018 to 2020 has opened at Lê Văn Tám Park in HCM City.

The “Best of Three 2018-2020” exhibition, organised by the Consulate General of the Netherlands in HCM City, features topics such as the environment, climate change, politics, sports, animals and people.

Carel Richter, Consul General of the Netherlands in HCM City, who spoke at the opening ceremony on Wednesday, said the exhibition aims to celebrate the friendly relations between the Netherlands and HCM City.

Richter added that he chose excellent photos featuring important topics like human rights and climate change for the showcase.

The exhibition highlights photos on bilateral cooperation between the Netherlands and Việt Nam in general and HCM City in particular in various fields such as the circular economy, water management, food safety and sports.

The World Press Photo Contest is a leading contest for professional press photographers, photojournalists and documentary photographers.

The contest’s mission is to connect the world to stories that matter, embracing accuracy, transparency and diversity.

Contestants can send works as single photos or stories in eight categories, including contemporary issues, general news, environment, nature, long-term projects, portraits, spot news, and sports.

In the last three years, the World Press Photo Foundation received around 75,000 images each year from at least 125 countries and territories.

Each year, the prize-winning photos are collected for an exhibition held in 100 cities in around 45 countries, mostly in Europe.

The “Best of Three 2018-2020” exhibition will be open to the public until April 16. Lê Văn Tám Park is on Hai Bà Trưng Street in District 1.

HCM City hosts Techcombank HCM City International Marathon event

More than 13,000 athletes from 44 cities and provinces took part in the 4th edition of the Techcombank HCM City International Marathon event that opened on April 9.

Sixty companies competed in the corporate challenge, providing a platform for their staff, clients and suppliers to embrace a healthy lifestyle.

The marathon has grown to become the most anticipated sport event among professional athletes and sporting enthusiasts. It is the country’s largest running competition for the third time in a row, according to the organisers.

The annual event features four runs: a marathon (42.195 km), a half-marathon (21.1km), a 10km race, and a 5km race.

A children’s 1.5km run is held for 5-10 year-olds and a 3km run for 7-14 year-olds.

This year’s marathon course crosses Thủ Đức City and districts 1, 3, 5, 6 and Bình Thạnh.

The tourism and sports sectors have made concerted efforts to raise the marathon to the level of other cities in the world, said Mai Bá Hùng, deputy director of the city’s Department of Culture and Sport.

Participants will pass by many of the city’s historic and iconic landmarks, he said.

The event is co-organised by the city’s Department of Culture and Sports, Department of Tourism, the HCM City Athletics Federation, HCM City Tourism Promotion Centre, Sunrise Việt Nam, and Techcombank.

It will end on April 11.

HAGL trying to play beautiful football, says coach

Coach Kiatisuk Senamuang of Hoàng Anh Gia Lai (HAGL) said his side are trying to play beautiful and winning football at the same time.

The Thai coach made the statement following HAGL’s 2-0 win away to SHB Đà Nẵng at Hòa Xuân Stadium Thursday.

“HAGL have to play beautifully according to the direction of the club’s chairman Đoàn Nguyên Đức. But we still must have points. If there are no points, it is not beautiful anymore,” said Senamuang.

HAGL defeated Đà Nẵng with goals from national team stars Nguyễn Văn Toàn and Nguyễn Công Phượng.

“Before the game, we knew Đà Nẵng were a strong team. HAGL were also under pressure when we played away. Meanwhile, we played without Lương Xuân Trường and Kim Dong-su as they received yellow cards earlier. For us, this match was like a final,” said Senamuang.

According to Senamuang, HAGL’s defence line played with focus, while forwards Toàn and Washington Brandao played very well.

Meanwhile, coach Lê Huỳnh Đức of Đà Nẵng lamented his team’s failings.

“In the first half, I said my players had to play faster because HAGL were putting pressure on us. If my players had done so, HAGL would have had difficulties in the first half. But my players couldn’t do it. Đà Nẵng were bad because we lost ourselves, creating opportunities for HAGL,” said Đức.

With the win, HAGL climbed to the top of the V.League 1 table with 19 points after eight matches.

Elsewhere, Becamex Bình Dương beat Nam Định 4-3 and HCM City FC defeated Sông Lam Nghệ An 3-0.

Ninh Bình promotes agricultural tourism

Agricultural and rural tourism is gradually becoming a sustainable economic development trend in the northern province of Ninh Bình, helping take advantage of rural values and preserve traditional culture.

The tourism model has also generated stable jobs for hundreds of workers in the countryside areas.

In Đông Sơn Commune of Tam Điệp City, home to several historical sites and natural caves, co-operatives and farm owners have worked together in recent years to set up tours with homestays, gardening and fishing to tap local strengths.

The commune has become an attractive destination of the province, attracting a large number of tourists every year.

Trịnh Văn Tiến, director of Tam Điệp Agriculture and Tourism Co-operative, said the co-operative has 10 members that produce and trade Ninh Bình’s speciality plants and animals.

Last year, the members decided to work with other farms to develop tourism, Tiến said.

“Tourists were taken to visit historical sites and natural beauty places and experience farm work such as animal rearing and planting, and then enjoy foods produced by the co-operative,” Tiến said.

With efforts in the development of agriculture and tourism, the co-operative’s tourism model has been recognised with 4-star certification from the One Commune, One Product (OCOP) programme.

Hoa Lư District has also enjoyed success by shifting from rice planting to tourism since 2019.

The district has more than 3,000ha of rice farmland, however, many areas are at the foot of the mountain and wetland areas that make it difficult to cultivate rice, leading to some households no longer planting rice.

To overcome the situation of abandoning fields in some localities and improve the production value in the area, from the beginning of 2019, the district People’s Committee has converted 6.2ha of inefficient rice cultivation land to plant Japanese-bred lotus combining breeding to develop ecotourism in Ninh Hải, Ninh Xuân and Trường Yên communes.

According to Vũ Văn Thông, director of the Hoa Lư Agriculture and Rural Development Department, growing Japanese lotus combined with fish breeding had not only brought high economic efficiency but also attracted many tourists to visit the lotus ponds.

The model had also helped local people earn more income from renting outfits to tourists for photography at the lotus ponds, Trường said.

Hoa Lư District has been expanding the model in the communes of Ninh Xuân, Ninh Hải, Ninh Thắng and Trường Yên.

According to a provincial official, combining tourism with agriculture was first formed and put into operation in Vân Long Wetland Nature Reserve in Gia Viễn District.

This started as tourists visited Vân Long Wetland Nature Reserve and wanted to stay at local people’s houses to explore rural lives, he said.

The model has spread to many localities throughout the province in Gia Viễn and Hoa Lư districts and Tam Điệp City.

“Ninh Bình is a purely agricultural province, with more than 70 per cent of the population living in rural areas, possessing a long history of agricultural ecological production,” said Phạm Duy Phong, vice director of the Ninh Bình Tourism Department.

The province has many fields implementing new farming models attracting domestic and foreign tourists for taking photographs such as Đồng Giao pineapple field, Ninh Phúc flower field and Đông Sơn peach blossom village, he said.

With those advantages, the development of agricultural and rural tourism is becoming a trend of sustainable economic development in the province.

“In the past, people lived on cultivation and animal breeding,” said Vũ Nam Tiến, director of the Department of Agriculture and Rural Development.

“Thanks to tourism development, people can earn VNĐ6 million (US$260) per month from tourism services,” said Tiến.

To further develop rural tourism in the next period, the province needs plans and guidelines to connect people, travel businesses and local authorities to create high-quality tourism products, Tiến said.

Local authorities should accelerate agricultural and rural development in association with tourism planning including investment in traffic infrastructure and tourism promotion campaigns, he said.

Local people needed to increase the application of science and technology in production but still retain traditional culture to give a good impression to tourists.

Building community and agriculture-based tourism associated with environmental protection to attract domestic and international tourists was also important, he added.

Helmets for Kids programme reduces injuries and fatalities due to traffic accidents in Vĩnh Phúc Province

Asia Injury Prevention Foundation and Vietnam Garments Manufacturing company yesterday (April 8) carried out the Helmets for Kids charity programme in Bình Xuyên District in the northern province of Vĩnh Phúc.

The programme disseminates road safety knowledge and raises awareness among students, teachers and parents about protecting themselves while driving, and, importantly, seeks to reduce the number of fatalities and injuries by distributing quality helmets in schools.

During the 2020-21 academic year it distributed 400 helmets at Sơn Lôi A Primary School in the district.

Nguyễn Trọng Thái, chief of the National Traffic Safety Committee secretariat, said during the distribution on April 8: “All teachers should instruct and remind students to follow traffic safety laws and wear a helmet when travelling by motorbike or electric bicycle. They should … make sure the rate of wearing helmets is steady.

“Parents should create the habit of wearing helmets in their children, and always remember the message ‘love your child, wear a helmet’.”

Since the programme began in 2018, nearly 1,400 students in Vĩnh Phúc Province have received helmets.

Fire tragedies cause alarm in residential areas

Two deadly fires in recent weeks have raised the alarm about poor fire safety standards in big cities.

On April 4, a blaze in a house in Hà Nội killed four members of a family, including a 10-year-old child and a pregnant woman.

Five days earlier, six members of a family died in a fire at their house in HCM City.

Colonel Nguyễn Minh Khương, deputy director of the Police Department of Fire Prevention and Fighting and Rescue under the Ministry of Public Security, said both the houses were small and covered with iron cages and iron-welded roofs. The main door was the only way in or out.

At the house in HCM City’s Cát Lái Ward, five motorbikes were parked in front of the main door. When they caught fire, they blocked the only way out.

In Hà Nội, the fire occurred at a house that was not eligible as the site of a business but there were many flammable goods for sale inside. It was covered with an iron roof and there was no other way out but the main door.

That’s why the victims did not manage to escape, he said.

Colonel Nguyễn Trường Sơn, deputy head of Cầu Giấy District Police Sub-department and an expert on fire prevention and fighting of the Hà Nội Police Department, said there was not much time to stamp out fires at business households with flammable materials.

Sơn said in these fires, it took at least 10 minutes for the firefighters to approach the scene, which was usually too late.

In big cities, many houses are used as shops for business, especially houses near roads. Most of the shops have a worship altar of the God of Wealth and goods close to the main door, posing high risks of fire.

Meanwhile, due to the dense population in urban areas, many people only focus on measures to prevent burglary and intrusion instead of fires. In many houses, the main door is the only entrance and exit.

According to Hà Nội Police Department, the city now has hundreds of thousands of houses combined with businesses and most have only one way in and out.

Figures from the Ministry of Public Security’s Police Department of Fire Prevention and Fighting and Rescue showed in the first quarter of this year, there were 627 fires at private houses nationwide, accounting for 36.3 per cent of all recorded fires.

Most of the houses are used for small business and in most of these fires, the damage was not great but caused serious consequences for those living in the houses.

Colonel Nguyễn Minh Khương said the two fires should be a lesson for people to follow fire prevention regulations.

“Each house must have at least two ways in and out. Households must pay attention and clear goods and furniture out of the way in and out of the house,” he said.

“People should be equipped with skills to escape from the fire. For example, they should know how to escape the house from the balcony so rescuers can approach and save their lives,” he said.

“Those who build an iron cage on their balcony must build one more exit in case of emergency,” he added.

Khương also suggested that families have fire escape equipment and install automatic fire alarms. Information on fire prevention and fighting skills is available at the department’s website on canhsatpccc.gov.vn.

Measures needed to reduce traffic fatalities

Despite traffic safety improvements and a drop in the number of accidents overall, the amount fatal road collisions remains high.

That was the message delivered by Deputy Prime Minister and chairman of the National Committee for Traffic Safety Trương Hòa Bình during an online conference on Friday.

The Deputy PM said traffic statistics from the first three months of the year did show a reduction in accidents, but this was mainly due to less vehicles on the road because of the Tết holiday and social distancing measures in a number of localities.

But he warned that despite the drop in accidents in general, many lives were still lost on the roads and overloading, plus traffic congestion, remained a concern.

Minister of Transport Nguyễn Văn Thể said one of the reasons roads were getting busier was because of the large amount of new vehicles being registered, which he estimated at around 500,000 each year.

“With such an increase in cars, over the next five to seven years, the level of congestion will be very large if we do not have radical solutions right now”, he said.

Việt Nam had 3,206 traffic accidents in the first three months this year, killing 1,672 people and injuring 2,386 others. The number of accidents and injured people decreased by 263 and 183 respectively compared with the same period last year but the number of fatalities increased by 33, according to the National Committee for Traffic Safety.

Measures

Speaking at the conference, Deputy Minister of Public Security Nguyễn Duy Ngọc proposed several measures to improve traffic safety and order.

Ngọc said that as Việt Nam was on economic development mission, transport infrastructure improvements were crucial.

He suggested that provincial and municipal traffic safety committees must learn from experience what has been done well and what improvements were needed.

“One example is coach monitoring,” he said.

“It needs to be better directed because not monitoring journeys is the cause of many serious traffic accidents.”

He added that although the country still has many accident black spots, improvements had been made to about 20 per cent of them.

The Ministry of Public Security will direct traffic safety campaigns to educate motorists.

It will also strengthen coordination between police, prosecutors and the courts to ensure strict punishments for those who violate traffic laws.

“For illegal racing, we will assign provincial and municipal police and the court to open trials in public to create a strong deterrence,” said Ngọc.

Finally the Ministry of Transport and traffic safety committees will be asked to review all recommendations and prioritise those that need to be done first.

“The rainy season in the past few years has been very fierce, especially last year,” Ngọc said.

“Thanks to good forecasts and preparation plans, traffic police have coordinated with forces to guide vehicles through flooded places. This year, we also need a preparation plan to reduce congestion and accidents related to natural disasters.”

Sea grape cultivation thriving in coastal provinces

Sea grape cultivation has become a route to prosperity for many people in the south-central province of Khánh Hòa due to increased demand for the product in Việt Nam and overseas.

With productivity of 1-1.5 tonnes per hectare and a price of VNĐ35,000-40,000 per kilo, sea grape growers have enjoyed improved incomes.

Sea grape grower Đặng Ngọc Thoại of Ninh Hải Ward, Ninh Hòa Town in Khánh Hòa said he earned a profit of VNĐ100-200 million per hectare from growing sea grapes.

Now, he has about five hectares of sea grapes. In harvest time, he hires about 10 people to help collect, sort and process sea grapes.

“Sea grape cultivation does not require huge investment but can bring stable income and jobs,” he said.

Besides his own products, Thoại also buys those of other growers in his neighbourhood to supply the domestic market and to export.

However, like many other sea grape growers in the ward, Thoại is working in an area that is part of a delayed project.

“Once the project resumes, I will have to move,” Thoại said, adding that he will invest more to develop the business if he finds a different cultivation area.

Trần Thanh Tùng, vice chairman of Ninh Hải Ward People’s Committee, said all 27ha of sea grape cultivation area in the ward was on land slated for a heavy industry complex project by the Korean investor STX Group.

“However, since the land was transferred to the investor in 2009, no item has been developed and the area has been unused,” Tùng said.

Võ Khánh Đăng, Chairman of Ninh Thọ Commune People’s Committee in Ninh Hòa Town, said local farmers shifted to grow sea grapes to earn more than from traditional aquaculture products.

However, they had not found stable outputs for their sea grapes and had to accept the prices that wholesalers offered.

There was about 20ha in the ward being used for sea grape cultivation, Đăng said, adding that local authorities were considering placing sea grapes on the list of key farming products to develop.

“To include sea grapes in the local farming development planning, we need more studies and assistance from expert agencies,” he said.

Lê Bền, Vice President of Việt Nam Seaculture Association, who introduced sea grape cultivation to Việt Nam in 2004 in Ninh Hải Ward, said the cultivation was very promising and generated economic benefits.

Besides economic benefits, sea grapes can improve the aquaculture environment quality since they develop quickly, have strong anabolism and high nutrition uptake. They can be grown while cultivating shrimps and fish – this intercropping allows two to three times higher income compared with shrimp or fish cultivation alone.

Sea grapes are a highly nutritious plant that can be used as a substitute for green vegetables. They contain high quantities of protein and minerals, such as calcium, magnesium, potassium and sodium, as well as iodine, iron and vitamin A, which help prevent malnutrition and anaemia.

Sea grape cultivation is now present in several coastal provinces in Việt Nam, including Khánh Hòa, Bình Thuận, Ninh Thuận, Kiên Giang and Vũng Tàu ,Phú Yên, Bình Định in the south and Quảng Ninh in the north.

“Seeing high profits from sea grape cultivation, many farmers are rushing into it,” Bền said, adding that oversupply and improper farming technique could leave negative impacts on the emerging sector.

Voting of Viet Nam’s top 10 ICT businesses 2021 launched

The Việt Nam Software and IT Services Association (VINASA) has begun voting procedures to find the top 10 leading information, communication and technology (ICT) firms in 2021.

The programme aims to support the Government’s goal of having 100,000 digital technology companies by 2030.

This year’s event will select the 10 best ICT companies in 17 categories, including e-government, smart city, logistics solutions, e-commerce, start-ups, information security, artificial intelligence of things (A-IoT), cloud computer services, blockchain, fintech, property technology (PropTech), education technology (EdTech) and medical technology (MedTech).

Enterprises will be evaluated across seven criteria, financial indicators; human resources; products and services; technology and research and development (R&D) capacity; leadership and business management; awards, titles and recognised achievements; and special assessment for each sector.

The evaluation process features three rounds – profile selection, presentation and verification, final voting. They will be judged by leading experts in technology, finance, corporate governance, e-Commerce, start-up and media.

Addressing the event, VINASA Vice Chairwoman and Secretary-General Nguyễn Thị Thu Giang said given that digital transformation is in high demand, the selection and introduction of reputable solution suppliers and capable partners will quickly connect firms and facilitate their effective cooperation.

This year, the voting categories are expanded with the honouring of leading companies in new sectors – Fintech, Proptech, EdTech, and MedTech, she said, adding that the move does not only keeps up with the latest trend but also helps seek solutions for real-life problems in certain fields.

The presentation round is scheduled on May 15 – 16. The announcement and award ceremony will take place on July 13, prior to the Việt Nam ICT Summit 2021. ICT companies may register to join the programme on the website: top10ict.com.

The Top 10 Việt Nam ICT businesses programme was launched in 2014.

The software and technology services industry has posted high growth over the last five years, expanding 26.1 percent in average annually.

Last year, the industry earned US$120 billion in revenue. Of the figure, more than $6 billion was generated by software and digital content, twice as high as that in 2015.

Source: VNA/VNS/VOV/VIR/SGT/Nhan Dan/Hanoitimes

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VIETNAM NEWS HEADLINES APRIL 3

April 3, 2021 by vietnamnet.vn

Da Nang honoured for unique, creative smart city initiative

VIETNAM NEWS HEADLINES APRIL 3

The central city of Da Nang has been named by the Eden Strategy Institute as one of 30 cities to have launched unique and creative smart city initiatives.

In its “2020/2021 Top 50 Smart City Governments” publication released on March 31, the institute also celebrated Da Nang as one of the five outstanding smart cities in Asia-Pacific, the Da Nang Department of Information and Communications said on April 2.

Da Nang is the only Vietnamese city honoured in this second edition of the publication, according to the department.

The study focuses specifically on the role of city governments as a key driver of smart city development. Beyond the efficacy and outcomes of technological solutions, the study hopes to shed light on the importance of strategy, leadership, people-centricity, policies, ecosystems, incentives, and talent in determining the success and effectiveness of technologies deployed in smart cities.

More than 230 cities were evaluated and examined by the Eden Strategy Institute, and city governments were invited to a Call for Proposals to submit supporting details, reports, and outcomes.

The 2020/2021 edition also highlights a regional showcase of emerging smart cities not featured in the Top 50 rankings. “We also wanted to celebrate other smart cities across regions who launched unique and creative smart city initiatives, even though they were not part of the Top 50,” said Calvin Chu Yee Ming, Managing Partner at the Eden Strategy Institute.

The Eden Strategy Institute is a strategy consulting firm specialising in Business System Innovation. It approaches the global issues of urbanisation, disease, poverty, illiteracy, and exploitation by formulating strategies, models, processes, and products that help clients create, realise, and sustain their economic impact.

Da Nang is poised to complete the building of a smart city connected with networks of smart cities in the country and in the ASEAN region by 2030.

During 2021-2025, it will ready itself in terms of infrastructure and databases for the full implementation of a smart city and connections with the ASEAN smart city network. The city will continue to promote the use of technologies from the Fourth Industrial Revolution in enterprises and society.

Da Nang was the first city in Vietnam to launch an e-Government system in 2014 and transferred it to 16 cities and provinces in 2016./.

UNFPA provides more equipment to better reproductive health in central Vietnam

The United Nations Population Fund (UNFPA) in Vietnam held a ceremony on April 2 to hand over additional medical equipment to Vietnam to ensure the continuous delivery of quality sexual and reproductive health services in provinces affected by floods and landslides.

To date, a total of 1,071 fetal heart monitors worth 130,000 USD have been provided by the UNFPA to help protect the lives of Vietnamese pregnant women.

The medical devices are being distributed to commune medical centres and district hospitals in central and Central Highlands localities.

Naomi Kitahara, Chief Representative of UNFPA in Vietnam, said the medical equipment and supplies will complement the efforts of the Vietnamese Government in responding to natural disasters and ensuring that essential services for pregnant women, newborns and children, especially migrant workers and ethnic minorities, are not disrupted.

Director of the Maternal and Child Health Department under the Health Ministry Nguyen Duc Vinh appreciated the UNFPA’s assistance, and affirmed that protecting all people’s health is the top priority of the Vietnamese Government, particularly amidst natural disasters.

Coastal areas in central Vietnam suffered record floods with long-lasting downpours and continuous storms from October 2020, leaving 200 deaths. At least 7.7 million locals in the region, including 92,075 pregnant women, have been affected.

UNFPA is working to ensure that the supply of modern contraceptives and reproductive health commodities is maintained and that midwives and other health personnel have the personal protective equipment they need to stay safe. Sexual and reproductive health is a human right. UNFPA calls upon its partners to support our COVID-19 response to procure and deliver essential supplies for people who are most at risk such as pregnant women and women at risk of gender-based violence.

UNFPA is the UN’s sexual and reproductive health agency, working towards a world where every pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled./.

No new COVID-19 cases reported on April 3 morning

Vietnam has no new COVID-19 cases to report in the past 12 hours to 6am on April 3, keeping the tally at 2,620, including 1,603 domestically-transmitted infections, the Ministry of Health said.

As many as 2,383 patients have recovered from the disease while the number of related fatalities is kept at 35.

Among those still under treatment, 38 have tested negative for the coronavirus once, 15 others twice, and 28 thrice, according to the ministry’s Medical Service Administration.

There are 27,478 people who had close contact with confirmed cases or entered Vietnam from pandemic-hit areas under quarantine at present.

So far, 52,091 people in Vietnam have been vaccinated against COVID-19./.

HCM City presents gifts to primary school in Champasak

Ho Chi Minh City on April 2 presented 590 million VND (25,653 USD) to Champasak Friendship Primary School in Laos’s Champasak province to buy school equipment, according to the city Committee on Overseas Vietnamese Affairs.

The money will be used to buy 25 computer sets, 25 sets of tables and chairs, and one photocopy machine.

Besides, the committee also gifted the Vietnamese Association in Champasak 16 million VND worth of medicine, along with 10,000 medical masks to border guards in La Lay international border gate, and 2,500 notebooks to poor students in A Ngo commune of Dakrong district of the central Quang Tri province.

Addressing the ceremony to present the gifts in La Lay international border guard in Quang Tri, Tran Duc Hien, Vice Chairman of the Ho Chi Minh City Committee for Overseas Vietnamese Affairs said that the gifts show the sentiments and attention of leaders and locals of the city to overseas Vietnamese in Laos, contributing to fostering the solidarity and friendship between people of Vietnam and Laos.

The Champasak Friendship Primary School was set up in 1978, becoming a symbol of the feeling of Vietnamese community in Laos towards their fatherland. Currently, the school has nearly 500 students, 50 percent of whom are Lao students who have learnt Vietnamese language from the first grade./.

Quang Ninh plans 88 tourism promotion activities in 2021

The northern province of Quang Ninh, home to the world heritage Ha Long Bay, plans to organise 88 events and programmes to promote local tourism, including 35 at provincial level and 53 at district and communal levels.

In the first phase until May, the locality will organise 31 events and programmes, 15 at provincial and 16 at local level, with a highlight being the Ha Long Culture-Tourism Week 2021.

In the second phase from June to the end of the year, the province will hold 57 events and programme, with highlights being the National Sea Kite Festival 2021, the Yen Tu – returning to Buddhism land in autumn 2021, and a Carnival programme in winter 2021.

Alongside, the province will conduct a number of activities to introduce its tourism products and destinations, while holding tourism promotion activities in other localities including Ho Chi Minh City, Hanoi, Da Nang and Quang Binh.

The province will focus on promoting spiritual, culinary, seas and island and cultural tourism as well as entertainment and resorts areas, along with offering discounts from 30-50 percent to visitors.

Director of the Quang Ninh Tourism Department Pham Ngoc Thuy said that this year, Quang Ninh tourism sector will continue to focus on luring domestic visitors, foster connectivity with other localities, call on the engagement of local travel firms to create unique and attractive products, and support local tourism firms.

Quang Ninh expects 10 million visitors in 2021, becoming the leading choice for Vietnamese and foreign tourists.

On April 2, the Halong Street Travel Fest No.2 opened in Ha Long city as part of the tourism promotion activities of Quang Ninh.

Themed “Heritage Spring Festival,” the event will last three days, introducing cuisine, art and folk games of different regions in the locality.

On April 3 night, a music festival will be held with the participation of rapper JustaTee, singers Phuong Ly and Duong Tran Nghia, and Cannes dancing team./.

Legislators discuss State President candidancy

Legislators of the 14th National Assembly (NA) on April 2 discussed a candidate list for the position of the State President in the 2021-2026 tenure as part of its ongoing 11th session in Hanoi.

The list was presented by NA Chairman Vuong Dinh Hue.

Earlier, the legislature approved the relief of Nguyen Xuan Phuc from the Prime Minister position for the 2016 – 2021 tenure.

By secret ballot, 446 of the 452 deputies present at the plenary sitting, equivalent to 92.92 percent of the total legislators, voted for the resolution on the relief, which will take effect when a new PM is elected.

Also on April 2, a resolution on relieving Nguyen Phu Trong from the post of State President for the 2016 – 2021 tenure was also adopted.

The resolution won over the support, via secret ballots, from 438 of out 440 deputies present at the plenary sitting, accounting for 91.25 percent of the total number of legislators. It will come into force as soon as a new State President is elected./.

Hanoi to spend US$4.9 million for lighting system at its iconic lake

It is among the five public works of Hanoi to be embellished this year, along with the upgrading of road system.

The Hanoi People’s Council has recently approved a budget of VND113 billion (US$4.9 million) for installing a lighting system at its iconic lake of Hoan Kiem.

The Turtle tower in the middle of Hoan Kiem lake in downtown Hanoi glitters at night. Photo: mapio.net

The other four projects include the widening of two national highways and construction of a new road. The final one involves developing resettlement area in Soc Son district for the families living near the Soc Son Waste Treatment Complex, the city’s largest, will be moved into.

Last year, the 1,452-meter embankment along Hoan Kiem lake was upgraded with dark green concrete slabs and its walking paths were paved with granite.

Chairman of the City People’s Council Nguyen Ngoc Tuan said that all projects play an important role in the city’s economic and tourism development, reducing traffic congestion and ensuring local residents’ safety and health.

Ho Van Nga, head of the Economic and Budget Committee under the Hanoi People’s Council, stressed the importance of prompt site clearance for the projects to be completed on schedule.

HCMC to look into non-state resources for green urban space

HCMC authorities are looking towards public resources and other forms of suitable funding for the construction and expansion of public parks to manage the use of existing green space for the benefit of local people.

According to city officials, at least 150 hectares of parkland and 10 hectares of public green space were to be added to the urban planning for 2020-2025, with the aim to reach 1 square meter of green space per person in 2030.

In reality, however, green areas in the city are being encroached upon and existing public parks exploited for wrong purposes.

For example, the front of Le Thi Rieng Culture Park in District 10, one of the city’s largest public parks and home to several historic monuments, has been rented out to storefront owners and used as a parking space by park management.

The same can be said about Gia Phu Park in Tan Phu district, one of the few leafy public spaces in the area. “I really enjoy strolling in the park, but now I rarely set foot in there since every inch of solid pavement is taken up by small vendors with their makeshift stalls”, said a local elderly citizen.

Furthermore, park managers have also allowed the tiling of large stretches in the park to justify multiple forms of public entertainment and utilities. The most notable example of this is Van Lang Park in District 5, where decade-old trees are dying off as a result of limited soil areas.

According to statistics, there are currently 510 hectares of green space out of the 11,400 hectares reserved for public parks in HCMC, which does not meet the standards set by the Ministry of Construction that requires over 7 square meters of green space per person for HCMC specifically.

Out of this 510 hectares, only a few parks are managed by government agencies while the rest, especially large recreational hubs like Suoi Tien and Dam Sen theme parks and the Saigon Zoo and Botanical Garden, are run by private entities, leading to the misuse of green space.

More alarmingly, green spaces only take up 49.41 percent of the rapidly growing Thu Duc City and suburban districts with no prominent public park.

Urban planning experts have suggested that the city look into building new public parks with non-government resources to better control and evenly distribute green spaces in HCMC.

Authorities in Mekong Delta proactively reserve fresh water for dry season

At this time last year, farmers in the Mekong Delta were utterly in distress because of drought. This year, authorities have adopted different solutions to reserve fresh water in canals and rivers facilitating the waterway transport.

Rivers and canals in the southernmost province of Ca Mau are now full of water in the arid weather ; therefore, people can still transport commodities by boats. Farmer Lam Viet Khoi in Tran Van Thoi District shared that this year, the weather is better than the prior year; farmers are eager as they harvested bumper crop. He added canals in his orchard are full of water for irrigation while water for drinking and eating is stored in large potter’s jars.

Since the Mekong Delta suffered the worst drought for these recent years, it became necessary to build the freshwater reservoir. In the middle of March this year, residents in Kien Giang Province’s coastal areas started to use water in the fresh water dam with a capacity of 125 cubic meters per hour built by the center for rural safe water and environment sanitation. Ms. Nguyen Thi Hoa in An Minh District eagerly said locals get access to fresh water for daily activities and production despite hot spell.

Authorities in Tien Giang Province has built dam to prevent salinity intrusion and fresh water reservoir in Nguyen Tan Thanh canal in Chau Thanh District to ensure the supply of water for 128,250 hectares of paddy fields for water plants such as Dong Tam and Binh Duc in Tien Giang Province and Nhi Thanh in Long An Province to meet daily activities for roughly 1.1 million residents in Tien Giang and Long An provinces.

Nguyen Hanh Phuc, Director of the center for rural safe water and environment sanitation in Ca Mau Province, said that 20 water supply stations with each designed capacity of 16,760 cubic meters a day plus another 200 water supply stations managed by commune people’s committees are being operated to provide water for residents continuously during the arid season. Last but not least, Ca Mau authorities also installed water taps in public places so that people enjoy fresh water easily. Almost all owners of orchard and ornamental plants in Cho Lach District in Ben Tre Province had purchased large water reservoir for preparation to cope with the drought.

The Ministry of Agriculture and Rural Development forecast approximately 79,700 residents in the Mekong Delta suffered fresh water shortage in the dry season in 2021; subsequently, authorities in the region have adopted various solutions to ensure the supply of water.

The Department for Crop Production said that farmers in the region have not grown trees in 27,000 hectares in areas where locals hardly access to water supply. Moreover, farmers had sowed earlier to avoid salinity intrusion; thankfully, they harvested a bumper crop.

Additionally, farmers switched to grow vegetables and fruits on 18,808 hectares and 4,133 hectares respectively while they feed aquatic animals in 4,700 hectares of land to cut water use.

Head of the Department of Agriculture and Rural Development in Cho Lach District in Ben Tre Bui Thanh Liem said last year’s lack of freshwater and drought damaged 8,500 hectares of fruit orchards. This year, people have taken proactive measures against drought earlier including dredging canals, purchase of water reservoirs and switching to planting vegetables instead rice.

Nha Trang shuts down a series of illegally built shops

Authorities in Nha Trang City will close seven shops that are illegally opened to sell goods to tourists.

Nha Trang People’s Committee said on April 1 that Phuoc Dong Commune People’s Committee has worked with the police and urban management department to shut down the shops opened along Nguyen Tat Thanh Street. Forced removal will be applied by April 15 for constructions that would cost less than VND1bn (USD43,100) to destroy.

The seven illegally built shops are the May Man Silk Shop, Xin Chao Cafe, Bui To Hung Store, Vietnam Specialties Shop, Cao Hung Restaurant, Only Love Jewellery and the motel behind Phuc La Commercial and Services Company. Those stores are 1,000-2,000 square metres. Their target customers are international tourists.

In May 2019, Khanh Hoa Province People’s Committee ordered a forced removal of the stores. On April 13, 2020, the Vice Chairman of Khanh Hoa People’s Committee Le Huu Hoang asked Nha Trang People’s Committee to have a detailed plan to remove the stores by June 30, 2020. The plan was approved in September 2020.

According to the plan, the owners of the stores must pay VND600m to VND2bn in dismantling costs. However, the forced removal plan has not been implemented and most stores still ignored the order. Only May Man Silk Shop’s owner dismantled the store voluntarily.

Phuoc Dong Commune People’s Committee said the plan couldn’t be carried out because the Khanh Hoa Police Department hasn’t approved the security planning, including the forced removal plan.

Golf tournament to spark tourism in central region

The central city of Đà Nẵng will host the Danang FantastiCity Open golf tournament at the Bà Nà Hills Golf Club and the Montgomerie Links on April 30 and May 1, respectively.

Competitors will play at night at the Bà Nà Hills Golf Club, which features 18 tour-calibre holes, and is the first golf course in Việt Nam allowing night access.

Vice director of Đà Nẵng’s tourism department, Nguyễn Xuân Bình, said the tournament will be a starting event in series of ‘Race to Amazing Central Coast – the Essence of Việt Nam’ in central coastal destinations this summer.

Bình said the golf event is part of a tourism promotion programme organised by travel agencies and tourism authorities of the four central provinces of Thừa Thiên-Huế, Quảng Bình, Quảng Nam and Đà Nẵng between March and August.

He said golfers can play at other courses during their golf trip in the central region including BRG Da Nang golf clubs, Vinpearl golf Nam Hội An, Hoiana Shore club and Laguna golf Lăng Cô.

The city will hold the Golf Week Đà Nẵng Festival on August 20-26, during which a new ambassador of Vietnamese golf will be introduced, according to the city’s tourism department.

Đà Nẵng and the neighbouring provinces of Quảng Nam, Quảng Bình and Thừa Thiên-Huế are popular sites in central Việt Nam, with beautiful golf courses designed by Nick Faldo, Greg Norman, Colin Montgomerie and Luke Donald, including the Đà Nẵng Golf Club, the Bà Nà Hills Golf Club, Montgomerie Links, and the Laguna Lăng Cô Golf Club.

HCMC proposes additional 6,000 doses of Covid-19 vaccine

The Ho Chi Minh City People’s Committee proposed an additional 6,000 doses of Covid-19 vaccine to organize the first immunization program for groups at high risk of contracting Covid-19.

An additional 6,000 doses of the Covid-19 vaccine will be used to inject airport workers with the aim to prevent them from contracting the disease; therefore, it helps to increase protection for all workers in Tan Son Nhat International Airport.

In related news, Deputy Chairman of Ho Chi Minh City People’s Committee Duong Anh Duc signed a dispatch to the National Steering Board for Covid-19 Prevention and Control and the Ministry of Foreign Affairs on some proposals for the prevention and control of Covid-19 pandemic in the southern metropolis.

According to the dispatch, the Ministry of Foreign Affairs, the Ministry of Transport and the Ministry of Defense were proposed bringing Vietnamese citizens to suitable centralized quarantine facilities in a bid to increase the effectiveness of pandemic prevention and control, to ensure the socio-economic activities in HCMC and the maximum safety in centralized facilities as well as to prevent cross-infections in centralized quarantine areas.

Specifically, HCMC proposes to receive a maximum of 350 beds for each quarantine session in the military centralized facilities because staffs would be sent to paid centralized quarantine at tourist accommodations with 4,000 beds for supervision and management.

According to the People’s Committee of HCMC, the military currently has set up two centralized facilities with a total capacity of 378 beds for Vietnamese citizens returning to the country on rescue flights.

HCMC introduces missions to develop its innovative startup ecosystem

The supporting project to develop HCMC’s innovative startup ecosystem hopes to turn this system into a strong foundation for innovative activities in the city. This, in turn, will lead to performance boost, product quality improvement, and competitiveness increase for all businesses sited in HCMC.

In addition, the ecosystem is expected to foster the manufacturing of the city’s staple products and increase the contribution of Total Factor Productivity (TFP) to the annual GRDP to reach around 40 percent.

The HCMC Department of Science and Technology has introduced 8 missions to successfully complete this supporting project:

·         Develop suitable infrastructure and supporting services for the innovative startup ecosystem;

·         Increase the capability of all members in this ecosystem and form sub-ecosystems for each key field;

·         Aid businesses in developing their own products and launching them in the market;

·         Aid small- and medium-scaled businesses to boost their performance and product quality via innovation;

·         Foster innovation in the public sector;

·         Promote international partnerships in innovative startup activities;

·         Propagandize innovative startup to the general public;

·         Evaluate the effectiveness of each mission in the project.

Ta Quang Buu Prize 2021 has four nominations

The National Foundation for Science and Technology Development- the standing agency of the Ta Quang Buu Prize said that this year’s award has four nominations in the fields of earth science and biological agriculture.

Meanwhile, two nominees for the young scientist category of Ta Quang Buu Prize 2021 are Dr. Bui Minh Tuan from the University of Science, Vietnam National University in Hanoi and Dr. Hoang Thanh Tung from Institute for Scientific Research of the Central Highland, Vietnam Academy of Science and Technology.

Ta Quang Buu Prize is an annual award launched by the Ministry of Science and Technology to encourage and honor scientists with their outstanding achievement in basic scientific research in all fields of natural sciences and technology.

VN promotes transparency, independence, critical thinking in scientific works

Praising impressive breakthroughs in management mechanisms for scientific-technological activities lately, Deputy Prime Minister Vu Duc Dam commented that there still exists passive state among certain scientists as they wait to be assigned research topics, leading to time waste.

More importantly, since the risk acceptance rate in scientific study is rather low, many complicated regulations have been introduced, greatly discouraging researchers.

To amend the situation, the Deputy Prime Minister suggested that there must be transparency in all stages of a research process, from considering topics, conducting the research, collecting counter-arguments, and interpreting results. This criterion must be applied to scientific-technological activities in educational institutes, research centers, local areas via close monitoring of the community as well as scientists in the fields.

Another proposal is for the Ministry of Science & Technology (MOST) to more effectively use financial and other resources, to introduce practical research topics, to consider universities as a knowledge center which directly receives research orders and funding from MOST.

So far, the national innovative system with businesses as its core has been activated, achieving significant results. Yet in general, Vietnam’s preparedness for production in Industry 4.0 is still quite weak. The country needs stronger mechanisms for economic accounting, tax incentives, capital, resources allocation so that businesses can realize profits in their investment into science-technology and human resources training.

The human resources in science-technology need improvements as well. Minister of Science and Technology Huynh Thanh Dat shared that there must be suitable mechanisms and policies to promote the development of the scientific staff, with great respect for the special feature of this innovative work.

He added that the management task must focus more on fostering research for feasible solutions to tackle current issues in the community. Also, the quality and impact index of scientific articles, the commercialization possibility of research results must be considered carefully. New policies and innovative models should be encouraged to pilot in real life.

The Minister suggested an increase in public-private partnership between the State and businesses and a rise in state budget to carry out scientific research, develop advanced technologies in the nation. Besides transparency, independence, and critical thinking in choosing suitable research topics, autonomy should be promoted among research doers, along with corresponding responsibilities, under the monitoring of the community.

Investments into scientific activities should based on healthy competitiveness with a clear focus, performance evaluation index. Research topic selection procedures should be flexible, simple. Financial settlement should go along with international practices and minimize administrative burdens for scientists.

Possession of research results with state budget should be given to the research leaders so that they are more enthusiastic in finishing the process and commercializing those results.

Women footballers to face off in national cup in April

The National Women’s Football Cup will be held from April 20 to May 8 in Hà Nội.

The third edition of the tournament will feature seven teams vying for a purse of VNĐ100 million (US$4300) for the champions along with other prizes for teams and individuals.

They will compete in two groups in a round-robin format at Thanh Trì Stadium and the Việt Nam Youth Football Centre, both in Hà Nội.

The four best teams will advance to the semi-finals.

Following the draw on Wednesday, the opening match will be between hosts Hà Nội 1 Watabe and Thái Nguyên T&T of Group A at Thanh Trì.

“Together with the national championship, the national cup is an important event of the year for the women players,” said Nguyễn Thanh Hà, head of the organising board.

“After years of organising, the event has made remarkable improvement in quality and competitiveness with strong support from the VFF and sponsors. Many talented players have been identified from this tournament. They have been and will continue to contribute efforts to strengthen the national squads who are expected to grab more successes in the future,” she said.

Last year, HCM City beat Việt Nam Coal and Minerals 2-0 in the final to lift their first silverware.

Vietnam welcomes expansion of RoK investment: PM

Vietnam always pays attention to creating favourable conditions for businesses and investors from the Republic of Korea (RoK) to expand their activities in the nation, said Prime Minister Nguyen Xuan Phuc, noting that the bilateral ties are getting stronger thanks to the presence of Korean conglomerates like Samsung, SK, Hanwha, Deawoo, and Lotte in Vietnam.

Phuc made his statement while hosting RoK Ambassador to Vietnam Park Noh-wan, and representatives of the Korea Chamber of Business in Vietnam (KORCHAM) and five leading high-tech groups from the RoK in Hanoi on April 2.

Highlighting strong growth of the Vietnam – RoK relations across politics, defence-security, and economy-trade-investment in the past time, PM Phuc stated the Vietnamese Government is delighted to see a large number of Korean firms investing effectively in Vietnam.

The Government leader said the foreign-invested sector is an important part of the Vietnamese economy, adding that its long-term growth as well as cooperation and healthy competition with other economic sectors are encouraged and facilitated.

The attraction of investment, particularly from high-tech groups, obtains a special attention from the Vietnamese Government, Phuc underscored.

He took the occasion to thank the RoK Embassy for its efforts to contribute to the development of the bilateral relations so far.

For his part, Park said the RoK highly values Vietnam’s successful control of COVID-19 and realisation of its dual goals of containing the pandemic and promoting socio-economic development. Korean firms in Vietnam are happy with the nation sustaining its high growth rate amid the global spread of the coronavirus.

The ambassador said as the two countries will celebrate the 30th anniversary of their diplomatic relations next year, the RoK wishes to organise high-level delegation exchanges and pushes the ties to new heights.

The RoK also wants to run flights to bring Korean entrepreneurs to Vietnam for business cooperation promotion and hopes the Vietnamese Government will facilitate these flights in the context of the COVID-19 epidemic.

The diplomat said with delight that on April 2, the RoK continued to receive Vietnamese workers to work in the country. In 2021, its Government passed a quota to receive 8,000 to 10,000 Vietnamese workers.

In response, the PM affirmed the Vietnamese Government always creates the best conditions possible for the RoK community in Vietnam and asked for similar support from the RoK Government for the Vietnamese community in the country.

Participating RoK groups expressed their gratitude toward the Vietnamese Government’s assistance for their operations and wished for further support in the coming time to expand their investment in the nation./.

German journalist lauds Vietnam’s COVID-19 fight

Vietnam’s clear and drastic measures in COVID-19-related quarantine and contact tracing have help it overcome the third wave of outbreaks in less than two months, according to an article by German journalist Johannes Giesler, which was recently published on the news site Yahoo Nachrichten.

The author noted Vietnam has to date recorded about 2,500 infections and 35 deaths. He said to attain these positive figures, Vietnam has implemented a zero COVID-19 strategy aiming to end the pandemic rather than just controlling it.

He said, to cut the number of infections, Vietnam has imposed strict restrictions for weeks without any exceptions. When local life comes back to normal, it is easier for contact tracing work to be done, he added.

According to the article, Vietnam’s success in repelling the second wave of outbreaks helped it to react more quickly and effectively to the third wave which began at the end of January.

The article pointed out that the Vietnamese Governments can quickly pass anti-epidemic decisions in just a few days, while in other countries it can take weeks. Its initial measures, such as wearing a mask in public, adjusting social life, and restricting mobility were even in place before the first case of COVID-19 was confirmed in in the nation. Not long after that, Vietnam closed schools, restricted entry from China and the Schengen region, and canceled a series of major events. Such early and drastic decisions were made when Vietnam recorded only five cases, it stressed.

In addition, Vietnamese people have been well aware of the importance of sanitary and epidemiological measures, while the country has the infrastructure available for bulk isolation. As of the end of last year, 10.2 million people in Vietnam had practiced quarantine, of which about 50 percent did it in public facilities.

According to the author, in Vietnam, there were hardly any debates about herd immunity, rallies where people did not wear masks and kept minimal distance, or doubts about the effectiveness of vaccination or sanitary and epidemiological measures./.

Leaders relieved from President, PM positions

The National Assembly on April 2 approved the relief of Nguyen Phu Trong from the post of State President and Nguyen Xuan Phuc from the post of Prime Minister for the 2016 – 2021 tenure.

A resolution on relieving Nguyen Phu Trong from the post of State Presidentwon over the support, via secret ballots, from 438 of out 440 deputies present at the plenary sitting, accounting for 91.25 percent of the total number of legislators. It will come into force as soon as a new State President is elected.

On behalf of the NA, Chairman Vuong Dinh Hue presented flowers to Nguyen Phu Trong.

Hue said for more than two years, Party General Secretary Nguyen Phu Trong has concurrently held the position of State President. Despite heavy duties, with a high sense of responsibility towards the Party and people, Trong has exerted all-out efforts to excellently fulfill the duties of the State President.

Earlier same day, the National Assembly approved the relief of Nguyen Xuan Phuc from the Prime Minister position for the 2016 – 2021 tenure.

By secret ballot, 446 or 92.92 percent of the 452 deputies present at the plenary sitting voted for the resolution on the relief, which will take effect when a new PM is elected.

On behalf of the parliament, Chairman Vuong Dinh Hue thanked Nguyen Xuan Phuc for the latter’s performance over the past years./.

Greetings conveyed to Lao Public Security force on 60th founding anniversary

Vietnamese Ambassador to Laos Nguyen Ba Hung and head of the representative office in Laos of the Vietnamese Ministry of Public Security Major General Hoang Quang Huong visited the headquarters of Laos’ Ministry of Public Security to convey their greetings on the Lao ministry’s 60th founding anniversary.

The ambassador congratulated the public security force of Laos for its glorious achievements over the last 60 years, expressing his delight at the close relationship between the force and its Vietnamese counterpart to protect the Parties, administrations, and people of both countries.

He underlined that the outcomes of the effective cooperation in all areas between the two public security forces are shown not only in the bilateral framework but also in regional and international forums.

Hung believes that, in the time to come, the two forces will continue to improve the efficiency of ties, contributing to reinforcing the friendship between the two countries.

On behalf of the Lao Ministry of Public Security, Deputy Minister Lieutenant General Kongthong Phongvichit said that over the last 60 years of formation and development, the Lao public security force has received wholehearted support from the Party, State, and people of Vietnam in general and the country’s Ministry of Public Security in particular. This help has played an important role in assisting the Lao public security force to complete all tasks assigned by the Party, State, and people, he said.

The Deputy Minister added that the two sides have organised various joint activities on the occasion of the 60th founding anniversary of the Lao Public Security force and the 60th anniversary of Vietnam sending public security experts to Laos, manifesting the close ties between the forces and the great friendship, special solidarity, and comprehensive cooperation between Laos and Vietnam.

He added that he hopes the two public security forces will further foster their partnership in the future, to ensure security, safety, and order in both countries, facilitating economic growth.

The Lao public security force is willing to cooperate with its Vietnamese counterpart to protect the peaceful and stable lives of the Vietnamese and Lao people and to promote the relationship between the two countries, he affirmed.

A photo exhibition was also held to introduce the cooperation between the public security forces of Vietnam and Laos over the last six decades./.

HCM City: Meeting held to greet Protestants at Easter

The Government Committee for Religious Affairs at the Ministry of Home Affairs and authorities in HCM City hosted a meeting with local Protestant leaders on April 2 as they celebrated Easter.

Addressing the meeting, Vu Chien Thang, Deputy Minister of Home Affairs in charge of the Government Committee for Religious Affairs, praised the dignitaries for guiding Protestant followers to respect the law, make practical contributions to social welfare and COVID-19 prevention and control, and join hands to develop the country.

He believes the religious community will continue to promote a spirit of patriotism and national solidarity in contributing to the cause of national development.

The Deputy Minister took the occasion to call on Protestant dignitaries and followers to actively participate in the elections of deputies to the 15th National Assembly and People’s Councils at all levels for the 2021-2026 tenure.

Extending his greetings, Duong Anh Duc, Vice Chairman of the municipal People’s Committee, thanked the group for their contributions to building and developing the city and especially to recent pandemic prevention and control efforts, and hoped they will continue their good work in the future.

HCM City will always respect and create the best condition possible for the conduct of religious activities in line with the law, he said, and stands ready to listen to and tackle difficulties facing Evangelical Churches.

Participating dignitaries extended their gratitude for the Government and municipal administration’s attention to and facilitation of the growth of Evangelical Churches.

The religious community has donated close to 2 billion VND and medical supplies, rice, and working days to the country’s fight against COVID-19./.

Cambodia’s Acting Senate President congratulates Vietnam’s newly-elected NA Chairman

Acting President of the Cambodian Senate Sim Ka on April 2 sent a congratulatory letter to Politburo member Vuong Dinh Hue over his election as Chairman of Vietnam’s National Assembly (NA) and National Election Council.

“On behalf of members of the Senate of the Kingdom of Cambodia, I would like to express my delight and give you my warmest greetings as you were elected as Chairman of the National Assembly and the National Election Council of the Socialist Republic of Vietnam at the 14th legislature’s 11th session on March 31, 2021,” Sim Ka wrote.

He affirmed his willingness to cooperate closely with the Vietnamese NA and its new Chairman for the progress and prosperity between the two countries and their peoples, and continue nurturing the fine relationship between legislative agencies and cooperating with and supporting each other in the region and in the international arena.

Hue, who is also Secretary of the Hanoi Party Committee, won approval votes of all 473 deputies present at the sitting, or 98.54 percent of the total number of NA deputies at the 11th sitting of the 14th legislature./.

NA approves resolution on relieving Nguyen Phu Trong from State Presidency

A resolution on relieving Nguyen Phu Trong from the post of State President for the 2016 – 2021 tenure was approved by the National Assembly (NA) on April 2 afternoon.

The resolution won over the support, via secret ballots, from 438 of out 440 deputies present at the plenary sitting, accounting for 91.25 percent of the total number of legislators. It will come into force as soon as a new State President is elected.

On behalf of the NA, Chairman Vuong Dinh Hue presented flowers to Nguyen Phu Trong.

Hue said for more than two years, the Party General Secretary has concurrently held the position of State President. Despite heavy duties, with a high sense of responsibility towards the Party and people, Trong has exerted all-out efforts to excellently fulfill the duties of the State President.

Hue offered thanks and wished the Party General Secretary good health so as to join the Politburo, the Secretariat and the Party Central Committee to lead the Party, State, and people on the path to fast and sustainable development.

During the afternoon sitting, the NA Standing Committee also presented a nomination list for the election of the State Presidency, which was later discussed in groups by the deputies.

Nguyen Phu Trong, born on April 14, 1944, is General Secretary of the Party Central Committee in the 11th, 12th and 13th tenures; Politburo member from the 8th to 13th tenures; member of the Politburo’s Standing Board from August 1999 to April 2001; and member of the Party Central Committee in the 7th (from January 1994), 8th, 9th, 10th, 11th, 12th and 13th tenures.

He has served as State President since October 2018. He was Chairman of the 11th and 12th-tenure National Assembly. He is Secretary of the Central Military Commission, head of the Central Steering Committee on Corruption Prevention and Control, and deputy to the National Assembly in the 11th, 12th, 13th and 14th tenures./.

Vinh Long officials extend Easter wishes to Catholics, Protestants

Officials of the Mekong Delta province of Vinh Long visited the palace of the Catholic Diocese of Vinh Long and the local representative board of the Evangelical Church of Vietnam (South) on April 1 to offer Easter greetings.

Wishing Catholics and Protestants a happy Easter, Standing Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Van Nghiem informed about the province’s socio-economic development, attributing common achievements partly to contributions by local Catholics and Protestants.

He expressed his hope that with their positions, role, and prestige, the Catholic and Protestant dignitaries will continue joining local authorities to encourage followers to continue complying with the Party’s guidelines and the State’s policies and laws and taking part in emulation campaigns, thus helping with the fast and sustainable development of Vinh Long.

In particular, as the elections of deputies to the 15th National Assembly and all-level People’s Councils for the 2021 – 2026 tenure are on the horizon, he called for the active participation of local religious followers so as to ensure the success of the elections.

On behalf of Catholics, Bishop Huynh Van Hai of the Diocese of Vinh Long highlighted the significance of the Easter and thanked the provincial authorities’ sentiment towards local Catholic followers.

Meanwhile, Pastor Nguyen Hoang Phuc, head of the Vinh Long representative board of the Evangelical Church of Vietnam (South), appreciated the provincial leaders’ attention to and support for the Church, especially in religious practices.

Protestants are always aware of their responsibilities towards local socio-economic development, he affirmed, adding that dignitaries have been encouraging followers to fulfill citizens’ obligations and actively participate in the coming elections./.

Cambodian PM thanks Vietnam for support in fight against COVID-19

Cambodian Prime Minister Samdech Techo Hun Sen on April 2 sent a thank-you letter to Vietnamese Prime Minister Nguyen Xuan Phuc for Vietnam’s donation of 200,000 USD to support Cambodia’s fight against the COVID-19 pandemic.

In the letter, PM Hun Sen expressed his thanks to the Vietnamese Government and people for the donation of 200,000 USD to assist Cambodia in combating COVID-19 as well as PM Phuc’s kind words of encouragement in his letter dated March 31.

“This generous contribution amid Cambodia’s third community outbreak of COVID-19 demonstrates Vietnam’s spirit of good neighbourliness towards Cambodia in times of need,” he wrote.

The Cambodian PM also commended Vietnam in successfully containing the outbreak of COVID-19 and reaffirmed Cambodia’s commitment to working closely with Vietnam in overcoming this unprecedented global crisis.

He reassured that Cambodia continues to treat all foreigners, including the people of Vietnamese origin, the same way as his country does with Cambodian citizens in the protection against the current COVID-19 pandemic.

The PM also expressed his appreciation to the Vietnamese Government for providing good treatment to the Cambodian community in Vietnam during this difficult time.

Earlier, empowered by PM Nguyen Xuan Phuc, Deputy Minister of Foreign Affairs Nguyen Quoc Dung on April 1 presented the token of the donation worth 200,000 USD to Cambodian Ambassador to Vietnam Chay Navuth to support the Cambodian Government and people in the fight against COVID-19.

In April last year, the Vietnamese Government presented an aid package to Cambodia worth over 7 billion VND (303,500 USD) that included personal protective clothing, face masks, and COVID-19 test kits./.

Source: VNA/VNS/VOV/VIR/SGT/Nhan Dan/Hanoitimes

Filed Under: Uncategorized Vietnam news, vietnamnet news, Vietnam latest news, Vietnam breaking news, news headline 4 june 2018, news headline 4 2day, news headline 6 june 2017, ary news headline 6pm, express news headline 6pm, news headlines 7 june 2018, news headlines 7 june 2017, news headlines 7 may 2018, ary news headline 8 october 2017, news headline when i was born, news headlines 8 april 2018, vietnam cambodia in april

Functional departments, units take roles in city’s main projects

March 24, 2021 by sggpnews.org.vn

Functional departments, units take roles in city’s main projects ảnh 1 Bus routes will be connected with elevated stations of the metro line 1. (Photo: SGGP)

Ben Thanh – Suoi Tien Urban Railway Line 1 (Metro No. 1)
The city’s leader has delegated the HCMC Urban Railway Management Board (MAUR) to cooperate with consulting units and investors to check the progress of the construction of Ben Thanh – Suoi Tien Urban Railway Line 1 and build a detailed implementation plan to put the railway into commercial operation.
Additionally, MAUR has coordinated with the municipal Department of Planning and Investment and the Department of Finance to make a report of difficulties and obstacles in the disbursement of ODA (official development assistance) loan; and propose Deputy Prime Minister Pham Binh Minh to chair a working session on defining the value of the rest of ODA loans which will be allocated from the Central Budget for the project.
The Department of Finance has been asked to coordinate with MAUR and HCMC Urban Railway Company No.1 (HURC1) to learn from the experience of Hanoi’s metro rail system project and allocate capital for HURC1.
The HCMC Department of Transport in coordination with the municipal Department of Construction, MAUR and relevant units must work out a plan on building and decorating the above-ground infrastructure in Ba Son underground station. The work will be implemented simultaneously with the construction of Ba Son terminal and rebuilding the surface of Le Loi Street this year.
Notably, the operation of the metro line No.1 must be associated with service facilities in stations to get the high economic efficiency.
While the Department of Planning and Architecture, consulting firms and relevant units must urgently complete the landscape design of Le Loi Street.
Departments of Planning and Investment, Finance, Industry and Trade, Culture and Sport together with MAUR, HURC1 and other agencies must set up a plan on exploiting service facilities at railway stations.
The municipal People’s Committee has assigned the HCMC Management Center of Public Transport (MCPT), the Department of Finance, the Department of Transport to implement the project of connecting bus routes with elevated stations of the metro line 1 that will be implemented simultaneously with the completion of the metro line.
The Department of Transport will also cooperate with MAUR to make an investment project of an intersection at Ben Thanh Station linking the metro lines 1 and 2.
Regarding to the work on HCMC’s Metro Line No.2, connecting Ben Thanh Market and Tham Luong, the Department of Natural Resources and Environment and the People’s Committee of District 3 have been asked to check legal procedures involved with the land price adjustment to determine the compensation expenses.
To projects of rebuilding of Ton Duc Thang Museum and construction of HCMC Center for Innovative Startup, Chairman of the municipal People’s Committee Nguyen Thanh Phong has delegated the HCMC Management Board of Industrial and Civil Engineering Construction to implement the rebuilding of Ton Duc Thang Museum which is expected to be completed in the fourth quarter of 2022.
The management board in coordination with the Department of Culture and Sport, Ton Duc Thanh Museum must complete the design of the building before April 30.
The Department of Culture and Sport and the Department of Natural Resources and Environment will be responsible for receiving the land of the national historical site at No.2, Ton Duc Thang Street which will be handed over from the Ba Son Corporation.
Departments of Finance, Planning and Investment will make a capital expenditure budget report and send it to the municipal People’s Committee to provide capital to the HCMC Management Board of Industrial and Civil Engineering Construction to implement the project.
The Party Committee and People’s Committee of HCMC kicked off the rebuilding of Ton Duc Thang Museum last October.
The four-floor building with one basement covers an area of more than 6,000 square meters and includes functionals areas consisting of exhibition space, storage area, image editing technique sector, work space and other facilities, according to director of Ton Duc Thang Museum, Pham Thanh Nam. The renovation project has an investment of VND275 billion (US$11.4 million).
The city’s authorities have delegated the HCMC Management Board of Industrial and Civil Engineering Construction and the HCMC Housing Management and Trading Company to implement the construction of HCMC Center for Innovative Startup.
Departments of Science and Technology, Industry and Trade, and HCMC Housing Management and Trading Company will take responsibility for exploiting and managing the building after it comes into operation.

By Quoc Hung – Translated by Kim Khanh

Filed Under: Uncategorized Metro Line No 1 project, rebuilding of Ton Duc Thang Museum, construction of HCMC Center for Innovative Startup, ODA loan, HCMC Urban Railway Company No.1, ..., project coordinator roles, project coordinator roles and responsibilities, project coordinator roles and responsibilities pdf, smart city iot projects, gay city health project, yuba city police department yuba city, ca, finance department roles, finance department role, role of finance department in a company, manchester united manchester city tickets, role of human resource department, what is the main role of the judicial branch

VIETNAM BUSINESS NEWS MARCH 28

March 28, 2021 by vietnamnet.vn

UOB predicts 7.1% GDP growth for Vietnam in 2021

Vietnamese GDP growth is anticipated to expand 7.1% this year, to be driven by strong exports and foreign investment attraction, according to the Quarterly Global Outlook 2021 recently released by the United Oversea Bank (UOB).

The report states that Vietnamese exports during the opening two months of the year increased by over 20% compared to last year. Major export items were mobile phones, computer components, and machinery and equipment.

Most notably, foreign direct investment (FDI) inflows have been encouraging, with the country attracting approximately US$5.5billion of registered FDI capital during January and February. This marks an annual decline of only 15.6% despite border closures and travel restrictions, in comparison to the unprecedented 25% fall in 2020.

Japan made up the largest source of registered capital during the first two months, pouring in roughly US$1.5billion, followed by Singapore with US$861.1 million and China with US$374.9 million.

According to industry experts, while the upward trend of economic activities remains on track, it is highly dependent on the containment of infections and vaccination globally. For the year ahead, Vietnamese GDP growth is forecast to grow at 7.1%, a rate which is higher than the 6% target set by the National Assembly.

Fifty five firms to be honoured with Vietnam National Quality Awards 2020

Fifty five businesses will be presented with the the Vietnam National Quality Awards 2020, including 19 winning the golden prize, according to a Decision issued recently by Prime Minister Nguyen Xuan Phuc.

Among the 19 businesses honoured with the golden prize, 15 are production enterprises, and four operate in services.

Meanwhile, the remaining 36 award winners include 27 production enterprises, and nine service companies.

The Vietnam National Quality Awards are the Prime Minister’s annual recognition of organisations and enterprises with remarkable quality achievements in production, business activities and services, thus helping to promote the standing of Vietnamese products and services in the domestic and foreign markets.

The awards, first presented in 1996, were initiated by the Directorate for Standards, Metrology and Quality under the Ministry of Science and Technology.

Petrol prices rise slightly in latest adjustment

Retail petrol prices rose from 3pm on March 27 following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.

The retail price of E5RON92 bio-fuel rose 129 VND to 17,851 VND (0.78 USD) per litre at a maximum, and that of RON95 increased 165 VND to 19,046 VND per litre.

Diesel 0.05S and kerosene, meanwhile, are now no more than 14,243 VND and 13,004 VND per litre, down by 158 VND and 169 VND, respectively.

Meanwhile, the price of Mazut 180CST was capped at 13,757 VND per kilogramme, down 12 VND.

According to the two ministries, the prices of petrol and oil in the global market have been rising for 15 days, hence the upward adjustment.

They review fuel prices every 15 days to keep the domestic prices up to date with the global market./.

Sao Vang-Dai Nguyet petroleum port offshore Ba Ria-Vung Tau opens

The Ministry of Transport has issued a decision on putting the Sao Vang-Dai Nguyet petroleum port offshore the southern province of Ba Ria-Vung Tau into operation.

The port is designed to handle tankers and petroleum service ships and drilling rigs having capacity of up to 150,000 DTW.

In normal weather conditions, the port will have its pilotage areas spanning a circle with a radius of 1 nautical mile.

The Ministry of Transport has asked the investor of the project to ensure maritime safety and security as well as apply measures to prevent environmental pollution during the operations of the port, while collecting fees in line with regulations.

Interoperable QR Payment Linkage between Vietnam and Thailand launched

The Interoperable QR Code for retail payment linkage between Vietnam and Thailand was launched on March 26, signifying the successful implementation of the cooperation in the area of financial innovation between the State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) which began in 2019.

The scheme aims at facilitating bilateral trade, investment, tourism as well as the use of local currencies between the two countries.

This linkage also represents another milestone for the ASEAN Payment Connectivity initiative, which aims to connect the payment services of ASEAN countries using new financial technology to help foster financial integration and sustainable growth in the region.

This service will facilitate cross-border payments of the people of both countries. This is especially the case when cross-border travel becomes the norm again, given that tourist flows between both countries were around 1.5 million in 2019. With this service, tourists from Thailand can make QR payments using their mobile phones to pay for goods and services in Vietnam and vice versa.

This will eventually help stimulate the economies of the two countries and the region as a whole.

SBV Deputy Governor Nguyen Kim Anh said that the launch of this pilot project marks a significant accomplishment in the relationship between the central banks and Vietnam and Thailand in general.

It also marks an important milestone in the collaboration of ASEAN central banks in implementing ASEAN’s initiative on payment connectivity using interoperable QR Codes to deepen regional economic integration and foster digital transformation of each economy, he said.

For his part, Ronadol Numnonda, Deputy Governor of the BOT, said that the benefits of this project will come in many forms. It will offer convenience and security for people travelling between Thailand and Vietnam, leading to growth in tourism and contributing to the two countries’ progress towards a more digitalised society, he said.

This project is made possible with the collaboration from various stakeholders from both countries under the joint stewardship of the SBV and the BOT. These include the National Payment Corporation of Vietnam (NAPAS) and the National ITMX (NITMX) as switching operators, as well as Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Bangkok Bank as the settlement banks responsible for cross-border settlements for the service.

The service banks which provide this cross-border QR payment service to their customers via their mobile banking applications include Tien Phong Commercial Joint Stock Bank (TP Bank), The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) from Vietnam, and Bangkok Bank from Thailand.

In addition, banks that have expressed their interests to join the project as service banks in the near future include The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) from Vietnam and Bank of Ayudhya, CIMB Thai Bank, Kasikornbank, Krung Thai Bank, and Siam Commercial Bank from Thailand. At this stage, both central banks believe that this cross-border QR payment will result in a safer, more efficient and cost-attractive alternative for retail payment by the general public. It will also serve as a catalyst for many more collaborations on financial innovations in the coming years.

In the first phase, Thai tourists using Bangkok Bank’s mobile banking application can scan this Project’s Viet QR Codes to pay for goods and services at TP Bank and BIDV’s merchants. Conversely, tourists from Vietnam using TP Bank and Sacombank’s mobile banking applications can scan the Thai QR Codes of Bangkok Bank’s merchants in Thailand./.

Global prospects abound for textiles

Vietnam’s textile and garment industry is being transformed to adapt to new challenges by diversifying its export and input markets, thereby lessening the dependence on certain countries.

Restructuring had been the major goal in the transition of Duc Giang Garment Corporation in 2020 in the midst of disrupted global supply chains and stagnating orders for the textile and garment industry during the first two quarters of the year. However, the company has put its faith into plans to develop four research and development centres, two online sales centres, and several sales and showrooms.

The company earlier this year emphasised the scale of its ambitions and announced it would step up trade promotion, focus on key customers, seek new ones, and strongly develop the domestic market, aiming to increase by 11 per cent to reach a revenue of VND2.3 trillion ($100 million) and pre-tax profit of VND35 billion ($1.5 million), up 40 per cent compared to 2020.

General director Vu Duc Giang said the corporation had “acceptable business results in 2020” as revenues reached VND2.1 trillion ($91 million), with exports making up $72 million of this and a profit of around VND25 billion ($1.08 million). However, Giang also noted that the complicated development of the pandemic “will remain a great challenge.”

Last year, Vietnam’s textile and garment industry’s gross output decreased by 22 per cent over the previous year. According to the Ministry of Industry and Trade, the export value of the industry has shown signs of recovery since June thanks to the increased demand from major export markets such as the United States and Europe.

In a report published in early March, VNDIRECT Securities Company found that only a few companies changed production lines in a timely manner, while most of them were heavily affected by the pandemic. VNDIRECT estimates that the total revenues of 2020 of listed textile and garment companies decreased by 15.1 per cent while net profits plummeted by 20.9 per cent over the previous year.

Nguyen Duc Hao, an analyst at VNDIRECT, said that some textile enterprises have converted a part of their production lines to medical masks and personal protective equipment, thereby partly compensating for the decline in sales.

Vietnam’s mask production capacity for exports is already very large, and Hao believed that after satisfying the domestic demand, products can be exported, with Vietnam having the potential to become the world’s new hub for the export of facemasks.

Positive forecasts are now covering the worldwide market. According to the Global Textile and Garment Market report, the total global demand is expected to increase from $594 billion in 2020 to $654 billion by the end of 2021, up 10.1 per cent. This growth comes mainly from rearranged production lines and a gradual recovery from the pandemic.

VNDIRECT expects the export turnover of Vietnam’s textile and garment industry in 2021 to recover according to the prospects of economic recovery in major export markets such as the US, the EU, Japan, and South Korea.

The securities company estimated that textile export value will increase 6.2 per cent on-year to $6.8 billion in the first quarter of 2021 due to strong pent-up demand in countries such as China, the US, and South Korea.

Many free trade agreements (FTAs) that Vietnam participates in is the driving force for its textile and apparel industry in the long term. However, fabric production is still a bottleneck for the industry as it must comply with the requirements of the FTAs on product origin.

For instance, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership requires the application of the three-stage principle of spinning, weaving, and sewing to be implemented in CPTPP member countries.

Meanwhile, the EU-Vietnam FTA (EVFTA) imposes a technical requirement called “fabric onwards” and prohibits the use of fabrics originating from certain locations in China. Since Vietnam has to import most of the fabric from China, which accounts for 58 per cent of the total value of Vietnam’s fabric imports, it will cause certain difficulties.

VNDIRECT’s Hao realised that producers will need time to develop the proper production chain to meet the initial rules, but the EVFTA will have a positive impact on the textile industry in the long run.

The dependence on raw materials from China, Hao said, could be resolved by cooperating with other countries in the region. For example, an online trade conference between the Vietnam Trade Office in India and the Chamber of Commerce and Industry of Indian Importers was held in December.

According to the Apparel Export Promotion Council of India, the country’s businesses are considering investment into textile and garment with Vietnam to promote the development of the domestic industry.

Meanwhile, Vietnam has negotiated with EU countries on a provision allowing domestic businesses to add the origin of textile and garment materials imported from South Korea and other countries that have signed an FTA with the EU to their textile products.

“In addition, the Regional Comprehensive Economic Partnership (RCEP) could become a double-edged sword for fabric and yarn manufacturing,” Hao commented.

The RCEP, signed in November between six ASEAN member countries and five non-ASEAN countries, creates a market of 2.2 billion consumers. With it, Vietnam will enter a wider market with less stringent commitments than within the EVFTA and the CPTPP.

VNDIRECT thus still expects the RCEP to support textile businesses to reduce input costs as fabric export taxes from China are reduced from 10 to 2 per cent. It projected that the cost of goods sold in the garment segment will decrease by 5-5.5 per cent.

Vietnam bond market surges 32% to US$71 billion in 2020

Government and corporate bonds comprised 82.8% and 17.2% of the local currency bond market, respectively, at the end of December 2020.

Vietnam’s local currency bond market posted yearly growth of 31.7% to reach VND1,640.8 trillion (US$71 billion), according to the latest edition of the Asian Development Bank (ADB)’s Asia Bond Monitor.

Government bonds outstanding totaled VND1,358.3 trillion (US$58.73 billion), rising 7.1% quarter-on-quarter in the fourth quarter of 2020. Corporate bonds outstanding increased at a much faster rate of 13.6% quarter-on-quarter to VND282.5 trillion (US$12.21 billion).

Government and corporate bonds comprised 82.8% and 17.2% of the local currency bond market, respectively, at the end of December 2020.

Corporate bond issuance in Vietnam dropped 31.6% quarter-on-quarter in the October-December period of last year to VND45.6 trillion (US$1.97 billion) due to the implementation of Decree No. 81/2020/ND-CP, which tightened regulations on corporate bond issuance effective 1 September 2020.

For the emerging East Asia region, local currency bond markets expanded to US$20.1 trillion by the end of 2020, 3.1% higher than the preceding quarter and 18.1% higher than a year earlier, for which the ADB cited an improving global economic outlook and progress on the Covid-19 vaccinations as major factors.

“Bond markets in emerging East Asia continued to grow, mobilizing funding for the region’s sustainable recovery from the pandemic,” said ADB Chief Economist Yasuyuki Sawada. “Successful vaccination campaigns, accommodative monetary policy stances, and easing of restrictions are spurring economic activity and shifting the recovery into higher gear.”

Emerging East Asia comprises China; Hong Kong (China); Indonesia; South Korea; Malaysia; the Philippines; Singapore; Thailand; and Vietnam.

Vaccine rollouts have started in most markets in the region, lifting confidence, according to the report. At the same time, the uncertainty of the pandemic’s trajectory, particularly with regard to new variants and a possible resurgence in cases, continue to weigh on the development outlook. Uneven vaccine access and a potential adjustment in asset prices due to an escalation of long-term interest rates also pose risks.

Government bond yields in most advanced economies and emerging East Asian markets increased between December 31, 2020 and February 15, 2021. Meanwhile, improved sentiment boosted most equity markets and regional currencies. Capital flows into the region’s equity and bond markets also recovered in the last quarter of 2020.

Government bonds dominated the region’s bond stock at US$12.4 trillion as of the end of December, while corporate bonds amounted to US$7.7 trillion. China remained the region’s largest bond market, accounting for 77.4% of emerging East Asia’s total bond stock.

Big space for private businesses over the next 10 years

Vietnam will continue adjusting and improving its business climate with a new socioeconomic development strategy for the next 10 years, in which full protection of business and investment activities will be ensured.

The recent 13th National Party Congress adopted a hallmark political report, which sets out the overall goals for the country’s development orientations until 2045. Specifically, the country will become a developing nation with a modern-oriented industrial sector, exceeding the level of lower middle income by 2025. In 2030 when the country will be celebrating the centenary of the Party, it will become a modern industrial developing nation, with a high income level. By 2045, when Vietnam will be celebrating the centenary of its independence, it will have become a developed nation with a high income level.

The 13th National Party Congress also adopted the Party Central Committee’s wrap-up report of the 10-year Socioeconomic Development Strategy (2011-2020) and the building of the next 10-year Socioeconomic Development Strategy (2021-2030), shaping Vietnam’s future development path over the next 10 years.

The country has set the target that the economy will grow 6.5-7 percent per year between 2021-2025. By 2025, the per capita GDP will be around US$4,700 – 5,000, with the ratio of the total-factor productivity (TFP) in the economy’s growth at 45%. TFP is a measure of the efficiency of all input into a production process. Increases in TFP usually result from technological innovation or improvement. Also, the rate of urbanisation will reach 45%, and the proportion of manufacturing and processing in GDP will hit more than 25%, while that of the digital economy in GDP will be about 20%.

Under the new strategy, Vietnam is set to grow about 7% a year in the 2021-2030 period. Among the measures to be implemented, Vietnam will ensure full rights for enterprises to conduct business and investment activities, and will also effectively ultilise all national resources based on market principles. This would mean that the private economic sector will have a bigger space to perform and the state will narrow down its role as a trader and increase its role as a facilitator for the market to operate in an effective manner.

“Enterprises’ rights and safety will be ensured in conducting business, while all resources will be effectively mobilised, allocated, and utilised based on market principles. Legal frameworks have to be bettered and implemented on a pilot basis, firstly focusing on the law regarding enterprises, startups, intellectual property, trade, and investment so as to enable the national digital transformation and development of new products, services, economic models, and digital economy under the market principles,” the report stated.

According to the report, the state will perform its function as the builder of strategy planning, mechanisms, and policies, and distributor of national resources under the market mechanisms. Enterprises’ and people’s rights to possess legal assets and their freedom in doing business and carrying out contracts have to be ensured in accordance with the law.

The private economic sector will also be encouraged to develop across all sectors not banned by the law, especially in the sectors of production and business, and services. It will also be supported to grow strong companies and groups with high competitiveness. In addition, it will also be encouraged to forge co-operation with state-owned enterprises, co-operatives, and business households, and to develop joint stock companies engaged in by all entities in the society, especially labourers.

Meanwhile, foreign-invested enterprises are considered an important part of the national economy, and will play a major role in mobilising investment capital sources, technology, modern management methods, and the expansion of export markets.

Two months ago, Prime Minister Nguyen Xuan Phuc released a letter to the Vietnamese business community.

He underscored the significant contributions of Vietnamese businesses to the country’s socioeconomic development achievements over the past 35 years of economic reform.

“In the new period, with both massive opportunities and challenges, Vietnamese businesses and entrepreneurs need to enhance patriotism, national pride and the aspiration to rise up, while continuing to make great strides and undertake proactive reform,” PM Phuc said.

He expected the business community will further bolster its social responsibility by supporting the disadvantaged, protecting the environment, complying with the law and saying no to corruption and irregularities in business activities.

“The Party and the state will continue accelerating administrative reforms as steadfast assistance for Vietnamese enterprises’ sustainable development,” the prime minister stressed.

Recently he called for the consolidation of confidence among people and enterprises, via a healthy, fair and transparent business environment.

“We will continue offering the best conditions, space, resources, and opportunities to the private economic sector to develop further, with the keywords of ‘creating equality’, ‘be protected’, ‘be encouraged’, and ‘offering opportunities’,” he stressed.

According to him, ‘creating equality’ means the private sector is to be equally treated before the law and in competition and the allocation of resources with the other economic sectors.

Meanwhile, ‘be protected’ means private enterprises’ assets will be protected, with freedom in business given to them under the law.

‘Be encouraged’ means private enterprises, especially those with a sense of social responsibility, are to be extolled by the state, while ‘offering opportunities’ means that private enterprises are to be offered opportunities in access to resources, technologies, and markets with lower costs.

According to the Party Central Committee, in the time to come, Vietnam will continue conducting “drastic and effective reform of administrative procedures, with the removal of all impediments to the freedom to conduct business”, and “healthy, fair, and transparent competition will be ensured.”

It is expected that by 2030, Vietnam’s business climate will be ranked in the world’s top 30 nations with the best corporate environment, and the Vietnamese private sector will be strongly developed quantitatively and qualitatively as an impetus for national economic development.

According to the Ministry of Planning and Investment, the number of active Vietnamese private enterprises increased from about 324,700 in 2011 to 346,800 in 2012, 373,200 in 2013, 402,300 in 2014, 442,500 in 2015, 477,800 in 2016, 561,000 in 2017, and about nearly 800,000 at the end of last year.

In 2020, as many as 135,000 enterprises were newly established with a total registered capital of about US$97.2 billion, down 2.3% in the number of enterprises but up 29.2% in capital, as compared to the previous year. In addition, operating businesses also raised their levels of capital by an additional US$145.3 billion. Furthermore, more than 44,100 firms resumed operation, representing a 11.9% increase as compared to 2019.

Network carriers transforming into digital technology companies

Leaders of Viettel Military Industry and Telecoms Group (Viettel) shared that in 2020, they have basically finished transforming from a conventional telecoms enterprise into the one offering digital services. The earnings last year witnessed an increase of 23.7 percent compared to 2019 because of that.

Meanwhile, President of Vietnam Posts and Telecommunications Group (VNPT) Pham Duc Long affirmed that in order to develop, his organization needs to become the pioneer in researching and mastering cutting edge digital technologies. VNPT aims at being the national leader in digital service provision in 2025.

To fulfill that mission, VNPT has already developed various digital products and connection platforms making use of advanced technologies (Cloud, on demand, Big data, IDC tie 3). The most notable ones are VNPT HMIS (the software for grassroots healthcare management), VNPT MSS (the platform for information security management).

Following the same direction, MobiFone has cooperated with Ernst & Young Vietnam Ltd. to prepare a development strategy for the period from 2021-2025, with a vision to 2030. It exercises the strategy of ‘Customer centricity’.

MobiFone plans to create suitable infrastructure for 5G network, high-quality broadband. It is also going to apply modern technologies like Artificial Intelligence, Blockchain, Big Data, Virtual Reality in developing services and products for the establishment of an e-government and then digital government. Another plan is to form its own service and product ecosystem to help other businesses in their digital transformation process. Mobile Money pilot scheme is one of its feasible plan as well.

Obviously, leading telecoms companies in Vietnam are heavily investing into advanced technologies so that they can become the providers of multi-platform digital services to meet the demand of organizations ranging from healthcare, education, agriculture, tourism, to traffic in the national digital transformation process.

However, telecoms services are not at all neglected, especially those related to the 5G technology.

Minister of Information and Communications Nguyen Manh Hung affirmed that the development direction of major telecoms enterprises in Vietnam right now is strategically sensible to both serve the national digital transformation process and foster a sustainable development for themselves.

Banking revenue to be managed by digital models by 2025: survey

The rapid advancement of technologies in the banking sector should be accompanied with substantial changes in current legislation, said a banking expert.

About one-third of banking revenue from traditional sources will be managed by digital models by 2025, said Vice General Director of Ernst & Young Vietnam Nguyen Thuy Duong at a conference discussing the future of digital banking in Vietnam held in Hanoi on March 25.

Customers experience digital services provided by LienVietPostBank. Photo: Cong Hung

The survey showed that the majority of banks are providing services for customers based on digital platforms, including wire transfer, online saving, bill payment, and online shopping.

“Around 41% of banks expect to providing online loans for customers,” she added.

In addition to transforming customer services, 73% have digitalized their internal procedures and 42.8% adopt digital signature.

As for problems challenging banks during the digitalization process, Duong said the majority has not set a clear vision on digital banking and put the right attention to the relation between business and digitalization strategies.

“Digitalization is a journey and in a modern world of rapid technological advancement, any institution should think as a strategist, innovate as a startup, design as a tech firm, and invest as a venture capitalist,” she asserted.

Sharing the same view, Pham Xuan Hoe, former Deputy Director of the Banking Strategy Institute, said digital technologies, including internet of things (IoT), artificial intelligence (AI), or machine learning, are transforming the way banks provide finance-banking services to their customers.

“The emergence of fintech has also put banks under pressure to change their business models,” he added.

Hoe referred to a survey conducted by the State Bank of Vietnam (SBV) that digitalization would help banks save up to 70% of operational costs, on the other hand, customers could now enjoy better experience in dealing with banking services.

Hoe, however, said the rapid advancement of technologies in the banking sector should be accompanied with substantial changes in current legislation, while banks should be prepared to invest a substantial amount for digital transformation.

Vice Director of the Vietnam Institute of Digital Transformation and Innovation (VIDTI) Hoang Nguyen Van told Hanoitimes of his concern over the lack of detailed instruction from the legislation viewpoint in digital transformation, saying this may cause “confusion among firms that are looking to engage on this process.”

“The Covid-19 pandemic is making digitalization an urgent issue for firms to increase their survivability by transforming business operation and technologies to cope with a new situation. So the quicker the government provides legal guidance for digital transformation, the better,” he concluded.

Hopes escalating for post-pandemic growth in M&A

Vietnam’s mergers and acquisitions, though rather muted in the beginning months of 2021, are expected to revive on the back of both vaccination programmes and legislative changes.

Commenting on this trend, Masataka Sam Yoshida, head of the Cross-border Division of RECOF Corporation, said that this situation is just temporary, and a bright future is expected ahead. For instance, Japanese investors have become more cautious than ever after the latest wave of the pandemic in Japan.

Vietnam has been extremely successful in keeping the pandemic under control, but the strict travel restrictions make it difficult for Japanese companies to arrange short-term business travels, which are fundamental and crucial in considering and proceeding with M&A transactions. “Having said that, the rationale for the investment in Vietnam has not changed. Vietnam has much higher growth potential than Japan where the economy is too mature. We are aware that Japanese companies remain interested in Vietnam, even though they are not active at this moment,” he said.

According to RECOF’s M&A database, the number of outbound transactions from Japan decreased by 33 per cent to 557 transactions in 2020, while the same number in Vietnam declined by 30 per cent to 23. Vietnam ranked sixth as the destination country for Japan among all countries worldwide, and second only to Singapore in Southeast Asia.

Sam Yoshida added, “COVID-19 has been the sole reason for the recent sluggish M&A transactions between Vietnam and Japan, so assuming the COVID-19 will be subdued with the start of vaccinations and the removal of travel restrictions, we are more than confident that the market will recover in the latter half of 2021.”

Meanwhile, Vo Ha Duyen, chairwoman of Vietnam International Law Firm, cited data by the Corporate Investment and Mergers & Acquisitions Center showing that the value of M&A deals in Vietnam in 2020 dropped by about a half from 2019. Various factors may have affected such activities, she said – the pandemic has had a significant impact on the global economy and also caused difficulties to dealmaking, while travel bans and lockdowns have hampered M&A due diligences and negotiation meetings.

According to Duyen, the ongoing changes to the laws of Vietnam have also contributed to some uncertainties. Under the new Law on Competition, a substantially higher percentage of M&A deals are subject to merger control filing requirements than under the old laws. Investors initially hoped that the introduction of the 30-day “preliminary review” track to the merger control filing procedure under the new law would help reduce procedural burdens.

Nonetheless, because sub-law regulatory guidance has not been issued, it seems that a majority of filing cases have not seen application of the 30-day preliminary review and have been subject to complex and uncertain evaluations which last for months.

In addition, local departments of planning and investment have had difficulties in applying the new Law on Investment as documents guiding the implementation of the law have not been issued. This could increase cases in which the licensing authorities have to seek opinions from other relevant authorities, which may contribute to delays in the M&A process.

“We hope that new decrees and circulars providing detailed and favourable regulatory guidance will be issued soon to support the competition and investment authorities in dealing efficiently with M&A transactions and to effectively reduce the time gap and uncertainties in the procedures, helping boost the recovery of M&A activities when the pandemic settles down,” Duyen said.

According to Vietnam M&A Forum Research Team, a number of mega deals are expected to be secured in 2021. Foreign investors from South Korea, Japan, Singapore, and Thailand will continue to dominate the market with the value of deals reaching up to $500 million. At present, Vietnam’s M&A market remains attractive to investors despite the impact of the global health crisis – in particular, in the second and third quarter of 2020 Vietnam witnessed more M&A deals after the country successfully contained the summer wave of infections.

That being said, Vietnam is hopeful about potential for post-pandemic M&A growth. Some experts have forecast that the main sectors that will contribute to the recovery of value in Vietnam are telecommunications, energy, infrastructure, pharmaceuticals, education, and e-commerce.

Sam Yoshida from RECOF said that Japanese companies are concerned with stability of global supply chains. Vietnam is not only competitive as a location for manufacturing, but also it stands at the crossroads in terms of free trade agreements with major economic zones and so is well positioned.

“Additionally, more Japanese companies are paying attention to sustainability and technology innovations, and they are eagerly looking for opportunities to apply their expertise, such as in renewable energy, smart cities, AI, and more in Vietnam, where the people are open to new ideas,” he said. “As for the pandemic, we highly evaluate Vietnam’s success in keeping the pandemic under control, and this fact makes the country even more attractive for the Japanese investors.”

Cyber-criminals target Vietnam finance-banking SMEs

Cybersecurity companies predict that the rise of cyberattacks will continue in 2021 in Vietnam.

Second in the list of favorite subjects of cyber crimes are SMEs providing internet-based services to customers (CRM products, logistics, e-commerce), according to Nguyen Huu Trung, founder of Cystack Cybersecurity JSC.

According to BKAV, Vietnamese network security solution provider, in 2020 alone, hundreds of billions of dongs were stolen through one-time password  (OTP) hacking and banking security breach. The increasing threat of cyber-attacks against financial service providers is driving a major focus on cybersecurity, particularly in banking.

A recent survey in Southeast Asia conducted by Kaspersky showed that companies owning 50-250 employees in Indonesia, Thailand and Vietnam suffered the most phishing attacks in the region in 2020.

The fight against the Covid-19 pandemic is not over yet, so cybersecurity companies predict that the trend of cyberattacks will continue in 2021.

Effective early detection and response, as well as investment in technology to speed up response times, are key to reducing the impact of cybersecurity incidents and the costs associated with  personal data theft as well as minimizing business losses, according to IBM.

SOEs chosen to lead sector growth

The Ministry of Planning and investment has named the key players for a proposed pilot project on reinforcing 17 state-owned juggernauts to break a path and guide Vietnamese companies into a tech-enhanced new era.

According to the initial proposal, three high-tech groups (Viettel, VNPT, and MobiFone), two energy groups (Electricity of Vietnam and PetroVietnam), the seaport and logistics operator Saigon Newport Corporation, and commercial banking giant Vietcombank were picked for the initiative.

These seven fit the bill in terms of having registered capital of over VND1.8 trillion ($78.26 million); having at least 30 per cent share of their prospective markets with the potential to expand this to a controlling stake; having an efficient corporate governance model; and applying high technology throughout their operations. Besides that, they operate in fields with high spillover effects.

While the pilot will feature these SOEs, the plan is to have a total of 17 groups and corporations once the programme is fully underway.

Developing the SOE ecosystem was set as a crucial task by the closing resolution of the recent 13th National Party Congress, which outlined the country’s main development directions.

MPI Minister Nguyen Chi Dung emphasised that throughout their participation in the project, “selected SOEs must become true leaders, guiding others. Each of them must become an innovation centre from which others can learn. Besides that, they will have to build an ecosystem and a value chain to support private enterprises.”

Le Manh Hung, director of the MPI’s Enterprises Development Agency, said that the target of the leadership and guidance to be offered by these SOEs will be to create closer links with the private sector, make way for new sectors, improve technology adoption, and promote domestic innovation.

The pilot project outlines orientations for each participating SOE to ensure they can fulfil the role meant for them.

Notably, plans for PetroVietnam include bolstering its already impressive financial and technological potential as well as competitiveness and its capacity to promote international integration. At the same time, within 2025-2030, PetroVietnam will take up a majority share in the domestic oil and gas market and achieve a stature on par with leading oil and gas groups from Thailand and Malaysia.

Meanwhile, Viettel will be a dynamic and modern economic group and set out to become a global group – while remaining a key player in Vietnam’s defence development.

MobiFone will reinforce its position as a key national telecommunications operator while deploying new technologies to develop mobile services, focusing on data, integrated, and value-added services.

“The proposal also requests policies to facilitate these SOEs by encouraging the development of digital services, the establishment of a technology development fund for Viettel, and mechanisms to support port clusters. In the finance-banking sector, there will be mechanisms to promote investment banking and set up investment funds, including venture capital funds,” Hung said.

Nguyen Quang Dong, director of the Institute for Policy Studies and Media Development, said that prioritising the development of the defence industry and promoting Viettel’s role is reasonable. However, he called for caution in selecting enterprises in the sectors of energy, telecommunications, banking, and logistics. Recalling the previous failure of large-scale state-owned groups like Vinalines or Vinashin, he stressed that SOEs can only develop with competition.

“These guides will have to be clear on their role as the builders of the foundations and infrastructure that will allow the development of other stakeholders in the economy. Their focus cannot be on simply dominating the market,” Dong said. “The development of SOEs will have to result in the optimisation of the use of state power. Thus, the MPI proposal needs a clause urging SOEs to develop basic infrastructure to promote the development of digital technology.”

Dong also asked why no agricultural SOE is included in the proposed pilot, despite this sector being a particular strength of Vietnam that is also vulnerable to fluctuations.

Reacting to feedback, Minister Dung said that the MPI will continue carefully studying the pilot project proposal before submitting it to the prime minister for approval soon.

Credit growth may reach 12-13 per cent in 2021

Credit growth is expected to reach 12-13 per cent this year despite modest growth in the first quarter.

Banks share that usually the demand for credit in the first quarter tends to increase slower than in the remaining quarters, making it hard to raise deposit rates.

Interest rates have reduced despite good liquidity and idle money flowing into banks. The State Bank of Vietnam (SBV) said, in January-February, total mobilised capital volume in Ho Chi Minh City grew 0.3 per cent compared to the end of last year.

Financial analysts noted as credit growth is slow, banks will likely not raise deposit rates for some time.

Nguyen Dinh Tung, general director of Ho Chi Minh City-based Orient Commercial Joint Stock Bank (OCB), shared that the appetite for capital is generally not high in the first quarter. In addition, credit institutions have reduced costs to cut interest rates based on the SBV’s policy to assist borrowers in the context of COVID-19. As a result, the deposit interest rate remains stable.

As the pandemic is being gradually contained, banks expect on rising credit growth in the forthcoming quarters, with lending focusing on prioritised areas of production and business.

The State Bank has set the banking industry credit growth at about 12 per cent. The goal, however, is not fixed and may be adjusted if necessary.

As the pandemic is being gradually contained, banks expect credit growth in the forthcoming quarters, with lending focusing on priority areas of production and business.

SSI Securities Corporation (SSI)’s recent assessment shows that banks will continue to benefit from lower-cost capital as the deposit interest rates have lowered by 2-2.5 per cent in 2020. The credit growth would reach 12-13 per cent this year.

Tung from OCB added that his bank would follow its retail strategy with loans prioritising small- and medium-sized enterprises and trading households. Besides, the bank will build separate products and services catering for each customer group.

Le Duc Tho, chairman of VietinBank, one of the four leading state commercial lenders, noted the bank targets credit growth at 8-11 per cent this year, but it also depends on market conditions and the SBV’s monetary policy.

Meanwhile, privately-held LienVietPostBank said that the bank will continue implementing its retail strategy, concentrating on lending for priority areas such as agriculture and rural development, green and high-tech agriculture which are less affected by the COVID-19 epidemic, so the efficiency of lending would be high.

According to Tran Du Lich, a member of the National Financial and Monetary Policy Advisory Council, a sharp drop in interest rates would not boost credit as the aggregate demand remains declining. Besides, lending activities should be monitored carefully to limit bad debt emergence.

Cautious optimism

The International Monetary Fund (IMF) and financial institutions have shown optimism about the world’s economic outlook as they have said there are many signs of a strong recovery.

As planned, in early April, the IMF will update its global growth forecast and reevaluate the expected level of 5.5% announced in January. The fund also hailed US President Joe Biden’s proposed US$1.9 trillion rescue package, considering it a key factor to promoting the world’s largest economy. The IMF spokesman Gerry Rice said that the Covid-19 bailout package will boost US GDP growth to 5%-6% in the next three years. This financial package will also support small businesses and extend unemployment benefits until September along with a direct payment of US$1.4 trillion to American citizens.

The United Nations Conference on Trade and Development (UNCTAD) pointed out that the world economy can grow by 4.7% thanks to a higher US recovery than previously forecast. The adjustment of this forecast is due to the expectation of an increase in American consumer spending as well as the progress of the COVID-19 vaccination programme and the large economic stimulus package. The Chair of the Federal Reserve also said that the recovery momentum of the US economy “seems to be strengthening”. The US economy has grown faster than forecast thanks to unprecedented monetary and financial policy moves issued by the US Congress and the FED, helping businesses withstand pressure amidst the pandemic. The FED forecasts that the US economy should grow by 6.5% in 2021, the highest level since 1984; meanwhile, the unemployment rate would drop to 4.5% by the end of the year.

The European Union (EU)’s economy is also forecast to grow again in the second half of 2021 though the recovery momentum is not as steady. According to Vice President of the European Commission Valdis Dombrovskis, the EU needs a fiscal policy to continue supporting its economy over the next two years. Accordingly, the “exit clause”, which permitted savings in the bloc to overcome the impact of the pandemic while ensuring fiscal sustainability, will continue to be in place until 2022. The UK’s economy is also expected to gradually recover, as economic activity is forecast to return to pre-pandemic level late this year after the “misty country” launches its vaccination campaign.

In Asia, many Japanese businesses are placing a high level of expectation on the economic recovery. As a result, 76.8% of enterprises have set plans to gradually expand their businesses. The Organisation for Economic Cooperation and Development (OECD) also forecasts that the economic growth rate of the Republic of Korea (ROK) will be 3.3%, higher than the previous forecast. The OECD raised its growth forecast for the ROK thanks to its belief in a positive impact from the US’ economic stimulus package on its major trading partners, including the ROK.

However, both the IMF and UNCTAD warned that the complicated development of the pandemic could cause profound damage to the global economy. According to the IMF, policy makers need to be cautious about the dangers of overspending. The pandemic has caused long-lasting consequences, requiring governments to maintain their support of their economies. The world’s economic output was estimated to have reduced by 3.9% in 2020 due to pandemic prevention measures. The epidemic also caused an unprecedented decrease in incomes, especially for people in developing countries.

The maintenance of economic bailout packages and the acceleration of vaccination campaigns against COVID-19 were expected to contribute to supporting the global economic recovery. The optimistic signs are from a number of major economies; however, recovery prospects are still assessed as uncertain and uneven. The pandemic crisis has left many economies around the world lagging and it will get worse if there are no measures to reduce inequity in global access to the Covid-19 vaccine.

Ministry to favor other means of transport over road to reduce logistic costs

Vietnam’s Ministry of Transport plans to shift inland logistics to favor waterway, rail road, and air transportation as a direct result of increased logistic costs due to an overly reliance on road transport across the country.

Although there had been policies since 2014 to facilitate reducing the market share of road transport while increasing that of air, rail road, and inland waterway transport, the structural shift has not been very successful, said the Ministry of Transport.

Specifically, the market shares of passenger road transport went down from 71.7 percent in 2011 to 65.6, but goods transport increased by 8 percent. Those of air passenger transportation increased from 21 to 31.4 percent, but goods transport increased only slightly.

Meanwhile, shares of inland waterway went down from over 60 to 51 percent. Railway transport share also hit a new low in 2020 with less than 0.2 percent in passenger and 1.2 in goods transport segment.

According to experts, the imbalance is caused by biased investment in roads. Evidently, investment for road transport accounts for 89.93 percent of the industry total in 2011-2015, and 80 percent in 2016-2020.

What’s more, the capital investment for inland waterways and railway transport only take up 1.5-2.2 and 2.34 percent that of the transport industry respectively, though they cost half the budget of road infrastructure.

Inadequate infrastructure, especially the lack of connecting roads to inland ports, also cause imbalance in market shares. Many modern gateway ports have not been utilized effectively due to congestions on existing connecting roads.

Proposing a solution, Minister of Transportation Nguyen Van The said relevant authorities will be requested to come up with ways to redirect public investment into other sectors instead of road transport.

In response, Mr. Bui Thien Thu, head of Vietnam Inland Waterways Administration in the South proposed raising public capital for several key projects, namely raising the Duong bridge, building Quang Ninh – Ninh Binh road crossing Luoc river, and building a canal connecting Day and Ninh Co rivers in the North.

In the South, projects to be prioritized are dredging the Cho Gao canal (phase 2), building the Cho Dem – Ben Luc transport route, upgrading the Muong Khai – Doc Phu Hien canal, building the the Ben Cuc – Ben Cui section in Saigon river route, and overall focusing on local logistics.

Regarding railway development, Head of Vietnam Railway Authority Vu Quang Khoi said medium-term public capital would be raised for the 2021-2025 period. Projects of priority are the national railway connecting the Hai Phong area with Lach Huyen port, connecting the railways in the Lao Cai – Ha Khau border area, and building a railway route from Trang Bom (Dong Nai) to Cai Mep – Thi Vai port.

Finally, the head of national aviation said the industry would need some VND365,100 billion (about US$15.8 billion) from the state budget and ODA to improve capacity for the 2020-2030 period.

Source: VNA/VNS/VOV/VIR/SGT/Nhan Dan/Hanoitimes

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VIETNAM BUSINESS NEWS APRIL 5

April 5, 2021 by vietnamnet.vn

Manufacturing, processing maintains strong growth in Q1

Vietnam’s industry grew 6.5 percent year on year in the first three months of 2020, with the manufacturing and processing sector expanding 9.45 percent and remaining as the main engine of the economic growth.

The three-month manufacturing and processing expansion was higher than 7.12 percent growth of last year’s Q1, but lower than 14.3 percent and 11.52 percent of 2018’s and 2019’s same period, respectively, according to the General Statistics Office of Vietnam (GSO).

Significant growth was reported in some other sectors, including metal production (30.9 percent), beverage production (16.9 percent), electric device manufacturing, and mining of metal ores (both 12.5 percent).

Sharp decline, by contrast, was seen in exploitation of crude oil and natural gas (13.7 percent), mining support services (17.5 percent), wastewater drainage and treatment (5.6 percent) among others.

The GSO pointed out several key industrial products that experienced high growth from January-March, such as rolled steel (54 percent), phone parts (47.9 percent), television sets of all type (30.9 percent), automobile (17.7 percent), and formula milk (17.5 percent).

It also recorded 22.5 percent increase in the industry’s inventory, with the highest level seen in manufacture of rubber-made products and plastics (91.6 percent), manufacture of coke and refined petroleum products (85.7 percent), and metal production (68.1 percent)./.

Japanese company sets up joint venture in HCM City

Toppan Cosmo Inc., a trading arm of Japan’s Toppan Printing Co., has set up a joint venture in Ho Chi Minh City with two Japanese partners to provide high-quality 3D computer graphics content, Kyodo News reported.

Toppan Equator LLC was formed earlier this week and is 65 percent owned by Toppan Cosmo, 26 percent by Studio Tec, a visual creation studio in Osaka Prefecture, and the rest by entrepreneur Takanobu Sugiyama who has a design office in Vietnam’s southern hub.

The joint venture attempts to optimise Toppan Cosmo’s expertise in catalog and sample book production and Studio Tec’s technical, and creative capabilities in 3D CG work, with Sugiyama responsible for quality control.

Toppan Equator is targeting construction, interior design and housing equipment businesses for its 3D CG and other state-of-the-art technologies, with demand increasing from these sectors, according to Tokyo-based Toppan Printing.

Expecting that the visual content market will grow steadily in Asia, Toppan Equator plans to focus on Japanese customers in the initial stage of its business before expanding into Vietnam and other countries in the Association of Southeast Asian Nations region. The company aims for 2 billion JPY (18 million USD) in sales in fiscal 2025./.

China leads FDI inflow in Vietnamese wood industry

China tops the list of 14 countries who made investments into the Vietnamese wood industry, with a total of 23 projects throughout 2020.

Furthermore, 52 projects registered to increase additional capital of US$193 million, while 122 others registered for capital contribution and share purchase, with a total value of US$244.8 million.

Out of a total of 63 newly-registered projects last year, China topped the list of the 14 foreign investors in the Vietnamese wood industry with 23 projects. Despite this, the amount of investment capital remained modest, with only approximately US$2.27 million being poured into each FDI project, a year-on-year drop of 37%.

According to a report compiled by Forest Trends, and several local timber and forestry product associations, although the number of FDI enterprises operating in the wood industry only accounted for 18%, their exports made up 51% of the country’s overall wood export turnover last year.

Bright prospects ahead for Vietnam-Canada trade co-operation

Alongside the enforcement of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), there remains plenty of room to boost economic and trade co-operation between Vietnam and Canada in the future.

Nguyen Thi Thu Trang, director of the Center for WTO and Integration Centre at the Vietnam Chamber of Commerce and Industry (VCCI), told Cong Thuong (Commer&Industry) newspaper said that Vietnamese exports into the North American country make up only 1.16% of their total imports. Likewise, Canadian exports to Vietnam account for a miniscule 0.34% of the country’s overall market share of imports.

Vietnam enjoys numerous advantages to introduce goods to the Canadian market as an increasing number of Vietnamese people are choosing to settle in Canada.

The country has several advantageous products which are in high demand among Canadian consumers, including mobile phones, wood furniture, textiles, shoes, tea, coffee, along with fruit and vegetables.

Many of these products have gone on to penetrate the demanding markets such as the EU, the United States, and Japan, therefore they can also meet the stringent requirements set by the Canadian market.

Moreover, Vietnam represents one of the few Asian countries to have signed a Free Trade Agreement (FTA) with Canada, meaning that its goods enjoy tariff advantages in comparison to other regional peers such as China and other ASEAN member states.

Amid the novel coronavirus (COVID-19) pandemic continuing to impact global consumption demand, Vietnamese goods can gain an advantage in price compared to other competitors due to the signing of the CPTPP.

To gain entry to the North American market, Bui Tuan Hoan, head of the European-American Market Department, said Vietnamese enterprises must regularly update and stick to legal regulations regarding the Canadian market.

It is imperative to carefully study the Canadian market, especially niche markets, to allow local firms to gain greater insights into about the tastes and needs of consumers as Canadian customers are willing to sample new products providing that their prices are competitive, Hoan stated.

Experts also advised local enterprises to learn about ways in which to enter Canadian distribution channels, especially e-commerce channels that have been increasingly popular and have since become the mainstream shopping trend among consumers throughout North America.

Domestic enterprises were also urged to improve product quality and design in a bid to suit the market and develop branding for Vietnamese products.

Tightening market management on traditional, digital trade

The General Department of Market Surveillance under the Ministry of Industry and Trade said that the market management force would focus on fighting counterfeit goods, goods that infringe intellectual property rights and goods of unknown origin on both traditional trade and digital platforms from April 1 to the end of December 2025.

The office has issued a decision on a plan to fight and prevent counterfeit goods, goods of unknown origin and goods infringing intellectual property rights for the 2021 – 2025 period.

Tran Huu Linh, director general of the office, said the goal of this plan iss to communicate and guide the law in combination with the signing of commitments with traditional as well as e-commerce businesses, organisers and managers of wet markets, trade centres, streets, wards, communes, villages, and craft villages.

This aimed to raise awareness and responsibility in obeying law in production and business activities. Linh affirmed that this was a long-term plan, with specific goals for each year.

With specific plans, it is expected that by 2021, all supermarkets and commercial centres in 12 major cities and provinces will not do trade counterfeit goods, goods of unknown origin and goods that infringe intellectual property rights.

Along with that, e-commerce trading floors including Lazada, Tiki, Shopee, Sendo, Hotdeal and major e-commerce sites all signed commitments to not trade in counterfeit goods, goods of unknown origin and goods that infringe intellectual property rights.

In addition, 60 percent of businesses will be encouraged to sign commitments not to trade such goods and not repeat infringements.

Recently, the market management forces have investigated and closed a series of establishments and warehouses producing fake goods./.

Bac Lieu strives to become national shrimp industry’s centre

The Mekong Delta province of Bac Lieu is building a high-tech shrimp farming area with the aim of becoming a centre of the country’s shrimp industry.

Approved by the Prime Minister in 2007, the area covers 418.91 hectares in Hiep Thanh commune of Bac Lieu city.

The area is expected to facilitate the research and application of high technology into the shrimp industry, including production of shrimp seeds and shrimp feed of the province as well as in the Ca Mau peninsular, the Mekong Delta and the whole country.

Bac Lieu has approved a project to make Bac Lieu a centre of the country’s shrimp industry with major targets of turning the province a leading locality in high technology research and application for brackish water shrimp farming, focusing on shrimp farming and processing, and acting as a connecting point of the industry in the whole region.

Bac Lieu has been a major shrimp hub of the country with a yearly output of 32-35 billion shrimp fry.

Currently, Bac Lieu has more than 136,000 hectares of shrimp farm, of which 2,200 hectares are high-tech farms.

The locality is home to four businesses certified as high-tech agricultural firms, along with seven units meeting international standards in aquatic farming./.

PVEP’s contribution to State budget 41 percent higher than plan in Q1

The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has surpassed all of its business goals in the first quarter of 2021, with contribution to the State Budget particularly 41 percent higher than the year’s plan.

From January-March, the corporation pumped up 0.89 million tonnes of oil equivalent, 5 percent higher than the quarterly plan and equivalent to 26 percent of the yearly target.

It generated over 6.95 trillion VND (301.9 million USD) in total revenue and contributed nearly 1.71 trillion VND to the State Budget, exceeding the plan by 40 percent and 41 percent, respectively.

The PVEP plans to maintain stable production, reduce costs and actively respond to the global market’s fluctuations this year./.

Binh Dinh: All fishing ships must obtain food safety certificates by end of June

All fishing ships in Binh Dinh must obtain food safety certificates by the end of June as part of efforts to enhance the quality of fishery products caught by the south-central province’s fishing fleet, according to a local agricultural official.

The province has been accelerating a campaign to raise local fishermen’s awareness about their responsibility to abide by the Law on Fishery and persuade ship owners into signing a commitment to not encroaching foreign waters, said Tran Van Phuc, Director of the provincial Department of Agriculture and Rural Development.

These moves are intended to implement the European Commission (EC)’s recommendations to combat illegal, unreported and unregulated (IUU) fishing practice in order to have the EC’s “yellow card” on Vietnam’s seafood lifted, Phuc said.

In the first quarter of 2021, the provincial Fisheries Department granted over 160 food safety certificates to fishing vessels with a length of 15 metres or more which have been licensed to operate offshore. So far, over 2,800 out of 3,200 offshore fishing vessels in the province have received the certificate.

The department has streamlined procedures to cut the time to get the food safety certificates in accordance with current regulations. Now it only takes a day for a food safety certificate to be issued, instead of three days as before, deputy director of the department Nguyen Cong Binh said.

There are nearly 400 boats of 15 metres or more in length left without a food safety certificate in Binh Dinh, most of which go fishing offshore and dock to sell their catches in ports outside the province.

The sub-department plans to send officials to neighbouring coastal provinces to check the status of these ships and request them to obtain food safety certificate./.

Vietnamese firms in Cambodia brave difficulties amid pandemic

Amid the COVID-19 pandemic, many Vietnamese enterprises in Cambodia have tried their best to stand firm and have worked towards developing their business in the “new normal”.

In the country since 2011, MBBank and Metfone, a subsidiary of Viettel, have made an imprint in Cambodia’s finance and banking, and telecommunications sectors. Of particular note, they have also set up strategic cooperation arrangements with partners based on their strengths and experience.

According to MBBank Director in Cambodia Trinh Duc Cuong, though COVID-19 has left a mark on Cambodia’s economy, Vietnamese enterprises in various fields have returned to the market with higher levels of investment and professionalism compared to a decade ago.

Meanwhile, Metfone Director Phung Van Cuong said the company could achieve its challenging growth target of 7-8 per cent this year.

COVID-19 had resulted in travel restrictions, unemployment, and business downsizing, but there would be strong growth in demand for information and communications through technologies and social networks, Cuong stressed, describing this as a valuable opportunity for Metfone, which has large network coverage in Cambodia’s rural and urban areas.

At a ceremony to mark the 10th anniversary of strategic cooperation between Metfone and MBBank on April 1, Phung Van Cuong said COVID-19 is an opportunity for Cambodia’s digital transformation as it forces people to become accustomed to online shopping rather than shopping at brick-and-mortar stores.

MBBank has given top priority to supporting Vietnamese companies in Cambodia, and has helped Metfone access capital to improve its services and consolidate its position as a leading telecommunications provider in the Cambodian market.

COVID-19 has encouraged Vietnamese companies to adjust their products and services, making them more suitable for customer needs.

According to Viet Nam’s trade office in Cambodia, two-way trade topped more than US$1.33 billion in the first two months of this year, up 64 per cent year-on-year.

More Vietnamese carriers resume international routes

Budget carrier Vietjet Air announcedon Thursday that it will resume its regular flights to Thailand, Japan, South Korea and Taiwan.

The move is part of efforts to restore its international flights in a safe fashion, meet passengers’ demand, and contribute to boosting growth of the economy and the tourism sector.

Accordingly, flights will be on routes between Viet Nam-Thailand every Friday. Flights from Ha Noi to Seoul (Republic of Korea) are scheduled to depart on April 15.

Flights from Ha Noi to Tokyo will take off on April 6, 7, 10, 11, 12, 13, 14, 19, 20, 23, 26, 29 and 30.

Flights from Ha Noi to Taiwan will depart on April 11.

Earlier, national flag carrier Vietnam Airlines also announced it would resume international routes between Ha Noi – Narita (Tokyo, Japan), Ha Noi – Incheon (Seoul, South Korea), Ha Noi – Sydney and HCM City – Sydney (Australia), from April 1. In addition, the national airline also planned to launch package flights from Japan, South Korea, and Taiwan (China) after being licensed from the authorities.

Accordingly, flights from Ha Noi to Seoul will depart on Thursdays, while those to Tokyo will take off on April 3, 8, 11, 16, 23, 27, and 29. In May and June, Viet Nam will operate two flights per week on this route, on Thursdays and Saturdays.

It will operate Ha Noi-Sydney flights on Saturdays and HCM City-Sydney flights on Thursdays and Sundays.

Under the Ministry of Health’s regulations, all flights from Viet Nam currently only serve Vietnamese nationals studying or visiting relatives in foreign countries and foreigners returning home from Viet Nam.

Passengers are requested to study related regulations from diplomatic missions to prepare the necessary documents and procedures.

Vietnam Airlines also plans to conduct charter flights from Japan, the Republic of Korea (RoK), and Taiwan (China), depending on licences from relevant authorities.

Vietnam, US target sustainable trade ties

Vietnamese and US agencies will continue their coordination in order to maintain trade ties between the two countries, towards harmonious, sustainable, and mutually beneficial trade balance.

The consensus was reached during recent phone talks between Tran Tuan Anh, Chairman of the Party Central Committee’s Economic Commission, Minister of Industry and Trade and Chairman of the Viet Nam-US Trade and Investment Framework Agreement (TIFA) Council, and US Trade Representative Katherine Tai.

The two sides shared the view that after more than 25 years of the normalisation of bilateral relations, thanks to efforts of the two countries’ leaders, the close and effective collaboration between the Vietnamese Ministry of Industry and Trade (MoIT) and the Office of US Trade Representative, in their capacity as co-chairs of the TIFA Council, as well as partnerships between other ministries, agencies and businesses, the economic and trade ties have reaped practical outcomes.

The Viet Nam-US relationship had experienced strong development across spheres, Anh said, expressing his belief that the bilateral relationship would remain stable and be driven by the economic and trade ties.

Tai lauded results of policy dialogues between the two countries through TIFA, saying the two sides could seek satisfactory solutions to many economic and commercial issues for a short period of time, contributing to enhancing two-way trade.

According to the MoIT, trade between Viet Nam and the US hit a record of US$90.8 billion last year, and they are working hard to raise the figure to $100 billion this year.

Over the past five years, Viet Nam’s export revenue to the US surged 230 per cent, while its import value was up more than 175 per cent.

The US has become Viet Nam’s biggest buyer and the Southeast Asian nation has emerged as the 10th largest trade partner of the US.

Partnership for sustainable production and trade of Vietnamese pepper launched

A memorandum of understanding (MoU) on a partnership for the sustainable production and trade of Vietnamese pepper for 2021-2025 has been signed between the Plant Protection Department (PPD) and Sustainable Spices Initiative (SSI) and IDH Sustainable Trade Initiative (IDH).

Speaking at the signing ceremony, Nguyen Quy Duong, Deputy head of the PPD under the Ministry of Agriculture and Rural Development, said the MoU aimed to generate about 60,000 tonnes of pepper, 75 per cent of exported pepper and help 25 per cent of farmers access safe production models and improve their livelihoods.

“One of the top priorities of the signing MoU between the three parties is to support small and medium enterprises and farmers to control pesticide residue in pepper, forming production linkages and promote communication and expansion of safe pepper production models,” Duong said on Tuesday.

This type of partnership would ensure sustainable production, meeting market requirements, he said, adding that each side would bring into full play its strength.

Per the MoU, the PPD is authorised to promote sustainable pepper production in Viet Nam through management and guidance for responsible use of pesticides. It is supposed to strengthen the capacity of public partners for scaling up sustainable pepper production. The department will also promote safe production links, monitor food safety and traceability of pepper for export.

The SSI is responsible for working with the European Spice Association (ESA) and the American Spice Association (ASTA) on market requirements and encouraging member companies to invest in sustainable production in Viet Nam.

The IDH Sustainable Trade Initiative is expected to provide technical and financial support to activities under a public-private partnership for pepper.

“Vietnamese pepper is an extremely important source of raw materials for SSI and SSI is committed to contributing to the sustainable development of the Vietnamese pepper industry, thereby helping realise our ultimate goal of all pepper products sustainable and ensure food safety,” said Alfon Van Gulick, Executive Chairman of SSI.

Huynh Tien Dung, director of IDH in Viet Nam said it was not the first time the SSI had engaged with Viet Nam.

“In recent years, through the connection of IDH, SSI has co-operated with the public-private partnership of the pepper industry in a number of activities including co-organising public-private dialogue forums, setting up material for training of farmers and co-ordinating with domestic companies in implementing pepper chain projects,” he said.

According to Nguyen Nam Hai, Chairman of the Vietnam Pepper Association, Viet Nam’s pepper output accounts for 45 per cent of the world’s figure and export volume accounts for 65 per cent of globally traded pepper. However, the quality of pepper is still a problem.

“The development of sustainable pepper production is an indispensable requirement for our partners to feel more secure about the quality of Vietnamese pepper,” Hai said.

Lower prices will make it easier to sell rice: exporters

Though the prices of Vietnamese 5-per cent broken white rice fell US$20 per tonne in a week, most local rice exporters said the decline would make sales easier.

Reducing prices

According to the Viet Nam Food Association, since March 29, the rice export price has dropped sharply by $20 per tonne after reaching the highest price in the past nine years.

Currently, the asking price of 5 per cent broken white rice was at US$498-502 per tonne, the price of 25 per cent broken white rice was $473-477 per tonne and 100 per cent broken white rice was at $428-432 per tonne.

The association also said prices of 5 per cent broken white rice from Thailand stood at $490-494 per tonne while that from India was at $408-412 per tonne.

The news wire service Reuters reported that Thailand’s rice price has fallen to its lowest level in the past four months due to the decline in domestic prices and exchange rates when the Thai baht has weakened by 3.5 per cent compared to the previous year since the beginning of March 2021, while the prices in India have been adjusted to reflect the decline in the Indian rupee.

Phan Van Co, director of Vrice Co Ltd, said: “The reduction in selling prices for Vietnamese exporters will help sell local rice in the export market.”

Co said recently, Vietnamese rice prices were always higher than competitors’ such as Thailand and India, which made it difficult to compete because some importers were turning to India to buy 5 per cent broken white rice at lower prices though they were still buying fragrant rice from Viet Nam.

Co said that Indian rice was cheap and had stable quality while transporting costs from India to Africa was also cheaper than from Viet Nam, adding the lower prices also made major rice importing countries such as China, the Philippines, and Indonesia buy Indian rice for their reserves.

Vietnamese 5-per cent broken rice was now too expensive compared to the international market, each tonne of the rice was about $100 higher than Indian rice, plus with the higher transportation costs, it was difficult to compete.

Nguyen Van Thanh, director of Phuoc Thanh IV Company, said: “Though the asking prices of local rice decreased, it is still high compared to the current prices and much higher than in the last year.”

Thanh also said the reduction will help Vietnamese rice compete better amid expensive freight.

When prices of 5-per cent broken rice fell, exporters said they would keep the prices high-end rice such as Dai Thom, Jasmine and ST 24, stable.

Pham Thai Binh, general director of Trung An High-Tech Agriculture Joint Stock Company, said: “Trung An’s orders still maintain a high price from $600 to nearly $1,000 per tonne.”

Binh said as his business has a good grasp of the market tastes, the products still win customers’ hearts and are sold at good prices.

Vrice’s director Phan Van Co, stated since 2020, the prices of fragrant rice exported to markets in the EU has not changed, saying: “We have long-term business with our partners, in addition, Vietnamese rice has found a stable customer segment for many years, so exports are good.”

Like Vrice, Phuoc Thanh IV Company currently exports fragrant Dai 8, OM 5451 rice products to countries in Asia and the Middle East with relatively good prices, of which, Dai fragrant 8 rice is purchased by partners at $545-550 per tonne.

Director Thanh of the firm said they could sell their high-quality products at good prices as his enterprise has created a habit for foreign consumers to use quality rice products originating in Viet Nam. Thanh estimated a more exciting export market for Viet Nam from April as there would be more customers than in the first quarter.

According to the latest statistics by the General Department of Customs, in the first 15 days of March, the country exported 203,320 tonnes of rice with the turnover at more than $111 million. Accumulated from the beginning of the year to March 15, the rice export volume reached 858,605 tonnes with turnover of more than $470 million. The average value of rice export in the first months of 2021 reached $548 per tonne, higher than the same period last year. The price was $464 in the same term last year. The main rice export markets of Viet Nam were the Philippines, mainland China, Malaysia, Hong Kong and Singapore.

SeABank posts 2-fold surge in Q1 pre-tax profit

The Southeast Asia Commercial Joint Stock Bank (SeABank) earned pre-tax consolidated profit of VND698.3 billion (nearly US$30.4 million) in the first quarter of 2021, an increase of nearly 2.3-fold year-on-year.

The bank said in its Q1 business performance report that as of March 31, total assets topped VND184.3 trillion, up 24 per cent year-on-year, deposits nearly VND115.2 trillion, up 16.8 per cent, and loans over VND111 trillion, up 14.3 per cent.

SeABank was recently listed by the State Bank of Viet Nam as one of the 17 most important credit institutions in the banking system in 2021. It was also given a “B1” long-term rating, equivalent to a stable outlook, by Moody’s for the third time.

Its stock, coded SSB, has been traded on the Ho Chi Minh Stock Exchange (HoSE) since March 24, making it the third bank to be listed this year.

The bank expects growth of 39.6 per cent in pre-tax profit this year to more than VND2.4 trillion.

More than $1.7 billion mobilised through G-bond auctions in Q1

The State Treasury raised nearly VND39.21 trillion (more thanUS$1.7 billion) worth of Government bonds via 40 auctions on the Ha Noi Stock Exchange (HNX) in the first quarter of 2021.

In the quarter, the total value of listed G-bonds was estimated at more than VND1.34 quadrillion, down 0.7 per cent compared to late 2020.

The average trading value reached VND12.3 trillion per session, a year-on-year surge of 20.2 per cent.

Trading volume through repurchase agreements (repos) accounted for 33.57 per cent of the total transaction value in the market.

In Q1, foreign investors net bought VND5.9 trillion, making up 2.04 per cent of the total amount.

In March alone, more than VND12.19 trillion was mobilised through 21 G-bond auctions, a month-on-month surge of 246 per cent.

Interest rates of bonds in successful bids expanded on the maturities of five years, 10 years, 15 years and 30 years, with an increase ranging from 0.04 – 0.13 per cent each year.

On the secondary G-bond market, the average trading value in the month reached VND10.41 trillion per session, down 9.7 per cent month-on-month.

The total outright purchases of G-bonds in the month topped 1.5 billion bonds valued at VND167 trillion.

Meanwhile, the total volume traded via repos exceeded 671 million bonds, worth more than VND72.5 trillion, down 8.13 per cent from the previous month.

Foreign investors made purchases of more than VND5.4 trillion, and outright sales of VND3.7 trillion.

1st quarter lending grows at double the rate as deposits in HCM City

Loans outstanding at HCM City banks have risen by 1.7 per cent for the year in the first quarter but deposits by only 0.8 per cent, according to the State Bank of Viet Nam (SBV).

They were 1.47 per cent and 0.54 per cent for the country, according to the General Statistics Office.

Credit growth has rebounded with the COVID-19 pandemic being controlled and economic activities gradually returning to normal.

Analysts said banks are competing with the securities and property markets to attract money, and so have increased deposit interest rates.

Remittances to HCM City rose 10.2 per cent year-on-year to US$1.45 billion. The figure was impressive considering the severe impacts of the COVID-19 pandemic, Nguyen Hong Minh, deputy director of the SBV’s HCM City branch, said.

Last year remittances rose by 12 per cent to a record US$6.1 billion.

The main remittance markets remained the US, Australia and Canada, but major labour export markets such as Japan, Taiwan, Malaysia, and South Korea showed signs of slowing down due to COVID, Minh added.

According to the World Bank, remittances to Viet Nam last year were worth $15.7 billion, which kept it in the global top 10 list.

Kien Giang eyes new economic zone

A ceremony was held in Ha Tien City in the Mekong Delta province of Kien Giang on Friday to announce the establishment of the Ha Tien Border-Gate Economic Zone, the province’s only economic zone.

Established under a decision by Prime Minister Nguyen Xuan Phuc on August 5, 2020, the 1,600-ha economic zone spans five communes – Phao Dai, Dong Ho, To Chau, Binh San, and My Duc.

It consists of seven areas, including duty-free, tourism, administrative, residential areas, an industrial park, and the Ha Tien International Border Gate, which leads to the Prek Chak International Border Gate on the Cambodian side, and service areas.

Speaking at the event, Chairman of the Ha Tien City’s People’s Committee Le Quoc Anh said he expects the new economic zone will increase the city’s attractiveness among both domestic and foreign investors and fuel the development of industry, services, tourism, and infrastructure in surrounding areas.

It should pave the way for the expansion of the population along the shared border with Cambodia, in order to foster economic, cultural, and defence-security exchanges between the two countries and boost Ha Tien City’s economic growth, he said.

Investors will be given exemptions from import duties and reductions on a number of taxes and fees, for example land lease and land use fees and corporate taxes, when setting up base at the Ha Tien Border-Gate Economic Zone.

The economic zone has so far attracted 35 projects worth close to VND4.4 trillion (US$191.5 million) in total.

First-ever digital timestamping service launched in Viet Nam

SAVIS Technology Group, one of Viet Nam’s top 10 tech firms, has launched TrustCA Timestamp Signing, the first and only digital timestamping service in the country.

As the digital economy is defined to be a driving force of growth in Viet Nam over the next five years, it is important to develop digital tools, including digital signature, to facilitate people’s participation in the digital economy.

Integrated with the Long-term Validation (LTV) and Long-term Archive and Notary Services (LTANS), TrustCA Timestamp Signing provides e-documents with complete protection against forgeries and frauds in digital transactions and ensures their legal validity and trustworthiness in a certain period of time.

Speaking at the event on Wednesday, Nguyen Thien Nghia, Deputy Director of the National Electronic Authentication Centre (NEAC), said the TrustCA Timestamp service fully complies with Viet Nam’s current regulations and satisfies standards set by the US and EU.

The service is expected to lay a basic foundation for the digital transformation ecosystem in all areas, such as e-healthcare, online public service delivery, e-learning, e-finance, and e-banking.

The Ministry of Health’s information technology department and SAVIS took the occasion to sign an agreement for the latter to provide timestamping service in healthcare.

Car imports accelerate in March

The import of automobiles increased dramatically in March, according to figures released by the General Department of Customs (GDC).

But although more and more cars are coming into Viet Nam, purchasing of vehicles tends to slow at the beginning of the year.

Statistics shows that last month more than US$347 million worth of CBU (Completely Built-up Units) were brought into the country.

This was an increase of 69.3 per cent in volume and 66 per cent in value compared to the previous month and almost matching the figures for the first two months combined.

In the first quarter of 2021, 35,367 cars worth $770 million were imported, up 31.1 per cent in volume and 35 per cent in value against the same period last year.

Industry insiders attributed the surge to the increasing demand of transport businesses and private use after the economy stalled due to COVID-19.

While car dealers remained cautious about the prospect of car market, many expected more positive sale figures for the second quarter given the launch of many new models.

Automobile sales has continuously declined in the first two months of the year,

The Vietnam Automobile Manufacturers Association (VAMA) reported that car sales in February 2020 stood at only 13,585 units, down 48.6 per cent compared to the first month of the year.

Car purchasing power in the first month of 2021 also suffered a decline of 45 per cent compared to the previous month.

China has not imposed ban on Vietnamese chili imports

The Asia- Africa Market Department under the Ministry of Industry and Trade has stated that a document which supposedly details China’s ban on imports of Vietnamese chilies is a forgery and was not issued by the General Department of Customs of China.

This comes after the department received a document on April 1 from the Shenzhen (China) Customs regarding a ban placed upon Vietnamese chili imports as from April 1 under the direction of the General Department of Customs of China.

When made fully aware of this issue, the Trade Office of the Vietnamese Embassy in China urgently worked on verifying the source and accuracy of the information alongside the General Department of Customs of China.

Following a swift investigation into the matter, the Import-Export Food Safety Department under the General Department of Customs of China confirmed that the “text” image use on the document is fake and was not issued by the Chinese side. In addition, the content within the “text” image contains a number of errors in terms of format and language, whilst there are also preliminary signs of image editing, it said.

Despite this discovery, Vietnamese chili exports to the Chinese market since May, 2020, have faced some problems in terms of testing and quarantine.

The Ministry of Agriculture and Rural Development is currently working alongside the Chinese side in order to deal with these problems in the hope of making the export of Vietnamese chili products to the Chinese market return to normal soon.

11 items with export value of over US$1 billion during Q1

Vietnam posted 11 items with a total export turnover exceeding US$1 billion during the first quarter of the year, of which mobile phones and spare parts topping the list at US$14.1 billion, according to data released by the Ministry of Industry and Trade (MoIT).

The MoIT stated that the nation raked in an overall amount of US$77.34 billion from exports throughout the reviewed period, representing an annual increase of 22%.

Most notably, the country also witnessed 11 items record an export turnover of over US$1 billion by the end of March, accounting for 76.6% of total export value. Of the 11 export commodities, there were four items with an export turnover of over US$ 5 billion.

Statistics indicate that phones and components topped the list of key items with the highest value at US$14.1 billion, making up 18.2% of total export turnover and representing an increase of 9.3% compared to the same period from last year, followed by electronics, computers and components with US$12 billion, a rise of 31.3%.

Furthermore, the export of machinery, equipment, tools and spare parts also skyrocketed by 77.2% to US$9.1 billion, while timber and wood exports also enjoyed a surge of 41.5% to US$3.7 billion.

During the opening three months of the year, exports of processed industrial products hit US$67.39 billion, a climb of 24.8% compared to last year’s corresponding period.

According to figures compiled by the MoIT, Vietnamese exports to major markets have maintained stable growth, with exports to China, the EU, ASEAN, and the Republic of Korea expanding by 34.3%, 18%, 5.7%, and 6.4%, respectively.

11 items with export value of over US$1 billion during Q1

Vietnam posted 11 items with a total export turnover exceeding US$1 billion during the first quarter of the year, of which mobile phones and spare parts topping the list at US$14.1 billion, according to data released by the Ministry of Industry and Trade (MoIT).

The MoIT stated that the nation raked in an overall amount of US$77.34 billion from exports throughout the reviewed period, representing an annual increase of 22%.

Most notably, the country also witnessed 11 items record an export turnover of over US$1 billion by the end of March, accounting for 76.6% of total export value. Of the 11 export commodities, there were four items with an export turnover of over US$ 5 billion.

Statistics indicate that phones and components topped the list of key items with the highest value at US$14.1 billion, making up 18.2% of total export turnover and representing an increase of 9.3% compared to the same period from last year, followed by electronics, computers and components with US$12 billion, a rise of 31.3%.

Furthermore, the export of machinery, equipment, tools and spare parts also skyrocketed by 77.2% to US$9.1 billion, while timber and wood exports also enjoyed a surge of 41.5% to US$3.7 billion.

During the opening three months of the year, exports of processed industrial products hit US$67.39 billion, a climb of 24.8% compared to last year’s corresponding period.

According to figures compiled by the MoIT, Vietnamese exports to major markets have maintained stable growth, with exports to China, the EU, ASEAN, and the Republic of Korea expanding by 34.3%, 18%, 5.7%, and 6.4%, respectively.

Vietnam rakes in US$1.82 billion from iron and steel exports

The Vietnamese iron and steel sector enjoyed a strong bounce-back after recording impressive growth of 65.2% in export value, earning US$1.826 billion during the opening three months of the year, according to the Ministry of Industry and Trade.

Throughout the reviewed period, the output of crude steel, rolled steel, and steel bars enjoyed respective increases of 14.4%, 54%, and 1.6%.

This comes after several large local enterprises such as Hoa Phat, Ton Hoa Sen, and Nam Kim all exported major shipments to both the United States and EU markets.

A prime example of this stringent recovery can be seen in leading steel maker Hoa Phat Group who signed an export contract to ship over 2,000 tonnes of pre-stressed concrete steel strand (PC Strand) to the US market, with the shipment being delivered in March.

Furthermore, Hoa Phat Group also exported more than 22,000 tonnes of galvanised steel sheets to several markets within the EU and also the US.

Elsewhere, Hoa Sen Group Joint Stock Company exported high-value batches of galvanised steel sheet during the initial months of the year to the US, Mexico, Europe, and Southeast Asia with the local firm’s export volume exceeding 100,000 tons per month.

After recording positive signs in growth rate of production and sales of steel products last year, the Vietnamese steel industry has set a production growth target of between 4% and 6% for this year.

Moving forward, the domestic steel industry is anticipated to achieve a high-growth rate this year due to plenty of benefits from the acceleration of public investment and the recovery of the real estate market.

Source: VNA/VNS/VOV/VIR/SGT/Nhan Dan/Hanoitimes

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