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Live streaming startup GoStream raises seven-figure funding from VinaCapital Ventures

January 18, 2021 by www.vir.com.vn

live streaming startup gostream raises seven figure funding from vinacapital ventures
GoStream will use the new tremendous funding to expand operations

GoStream was founded in 2017 by three seasoned engineers with track records in digital enablement. GoStream is an easy-to-use platform for any type of user, even for those with little or no technical knowledge. It enables users to reach a larger audience from different platforms to increase visibility and get more views. Currently, the company is serving multiple corporate clients and facilitating over 100,000 livestreaming sessions daily.

GoStream is dedicated to providing an interactive experience that encourages viewer participation in live videos. This increases viewer engagement and contributes to the building of a larger and more loyal community that follows a user’s content.

Marketwise, social networks are recognised as the next most common channel for online shopping in Vietnam, just behind e-commerce sites. According to PwC Social Surveys, Vietnam ranked seventh in the world in the number of Facebook users (68 million) which accounted for 68.7 per cent of the country’s entire population. In 2020, Vietnam’s “digital economy” reached $14 billion and is expected to grow to $52 billion in 2025, according to a recent report by Google, Bain & Company, and Temasek.

Trung D. Hoang, partner at VinaCapital Ventures, commented, “We are excited to invest in GoStream, which has been leading the way in integrating livestreaming across a number of sectors. Their innovative streaming technology is helping more businesses reach more viewers and customers, and we look forward to working with them as they further expand their capabilities and play an even greater role in Vietnam’s growing digitalisation.”

In November 2020, GoStudio – a product of GoStream Technology JSC – won first prize at Vietnam Techfest 2020. The contest’s organising committee recognised the product’s ease-of-use and adaptability to a range of online channels, including social commerce (livestream commerce), online training (e-learning), online entertainment (live gameshows). This became especially important as the COVID-19 pandemic swept the world. GoStudio does not require software downloading or installation and it is stable and compatible with popular web browsers, enabling more users to apply livestreaming across various sectors.

By GoStream

Filed Under: Corporate GoStream, vinacapital, investment, e-commerce, retail, Biz Link, ..., startup fest live stream, irb sevens live streaming, irb sevens live stream, how to get venture capital funding for your startup

Lecturer encourages young people to live green

February 13, 2021 by vietnamnews.vn

Members of Go Green Việt Nam clean up an area in the outskirts of Vinh City. — Photo zingnews.vn

HÀ NỘI — Lê Minh Tân, a lecturer of Vinh University, central Nghệ An Province, not only follows a green-living lifestyle but also encourages people around him to take a leaf out of his book and follow in his footsteps.

Over the past three years, he has initiated a series of campaigns encouraging young people in his community to categorise garbage at source, recycle old items and raise their awareness about plastic waste.

“We can all protect the environment with the smallest action,” said Tân, a 31-year-old teacher at the Foreign Language Education Faculty of Vinh University.

One of his projects that attracts the participation of young people is Go Green Việt Nam ơi – a green journey with activities aiming at creating sustainable, environmental values.

He hopes the project will encourage everyone to live green and make it a habit, not just a short-term campaign.

Tân started green living three years ago when he got married.

The amount of waste he and his wife discharged everyday surprised him.

“The waste amount increased when we bought items for our baby. Items we buy at the supermarket are wrapped with plastic,” he told zingnews.vn .

People living in suburbs are suffering from waste overload more than those living in the cities due to the growing of unmanaged waste dumps.

“Empty roads have become places to dump waste or construction materials. Solutions of local authorities are short-term. We really need to change public awareness to tackle the root of the problem,” he said.

Go Green Việt Nam set challenges like cleaning waste and shopping without using plastic bags. A lot of young people in Vinh City accepted the challenges, recorded videos, photos and posted them on social networks to spread the word.

Shopping without single-use plastic bags. — Photo zingnews.vn

Tân’s projects also changed his wife’s habit of taking plastic bags while shopping. Instead, she takes her own bags to go to the market, sorts out garbage at home and makes compost from waste.

Go Green-Go Sharing, a campaign of Go Green Việt Nam, was recently launched sending the message of sharing utensils, reducing shopping and reducing waste. The project has created a network of nearly 200 people trying to live green and are always ready to take part in environmental activities.

Tân said videos clips of environmental protection activities of Go Green Việt Nam had been widely shared. An English teacher in Indonesia used the videos to spread the environmental spirit to his students.

Go Green Việt Nam has the ambition to create a network of people interested in making compost from waste in Vinh City. The compost will be used to grow vegetables and plants.

If the project is maintained regularly in households, a huge amount of domestic waste discharged into the environment each day would be significantly reduced, Tân believes.

He also wants to find a young team with a large amount of time, creative ideas, and enthusiasm for environmental issues to continue the mission.

He added: “Environmental protection is not the responsibility of just the government, company or organisation, but the responsibility of everyone. Every little action has a direct impact on the environment.” — VNS

Filed Under: Uncategorized Vietnam News, Politics, Business, Economy, Society, Life, Sports, Environment, Your Say, English Through the News, Magazine, vietnam war, current news, ..., landmark forum for young people, the most important financial planning for young people concerns, imagine all the people living life in peace, people living underground, people living in cars, people living in forest, car insurance for young people, anger management for young people, angina in young people, poetry for young people lewis carroll, facts about people with green eyes, black people collard greens

MONRE proposes formulation of Vietnamese Ramsar Site Network

February 26, 2021 by dtinews.vn

The Ministry of Natural Resources and Environment (MNRE) has suggested the establishment of a network of Ramsar sites in Viet Nam for better conservation of the country’s important wetlands.

The move is an important step for Viet Nam to materialize the Convention on Wetlands of International Importance also known as the Ramsar Convention in Viet Nam and across the globe.

So far, nine wetlands in the country have been recognized as Ramsar sites. However, the management work of these ramsar sites remains difficult and inefficient. Ramsar sites have yet fulfilled preset goals and strategic plans which are stipulated in the Ramsar Convention. In addition, modest management competence was to be blamed for biodiversity erosion in some Ramsar sites.

Ramsar sites are combined in the system of reserve forests, resulting in poor management of wetland natures.

For example, in Tram Chim National Park, experts attributed the decrease in the number of Sarus cranes to forest fires which harmed the bird’s living environment, locals hunting them and poor management of water levels leading to a lack of food for the birds. In 2019, only 11 sarus cranes, the tallest species of flying birds on earth, were found. They recommended better water management to recover the ecosystem and take the initiative in preventing fires.

Viet Nam ratified and became the 50th signatory to this convention in 1989. It was also the first in Southeast Asia to do so.

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VIETNAM BUSINESS NEWS FEBRUARY 15

February 15, 2021 by vietnamnet.vn

VIETNAM BUSINESS NEWS

Rice exports enjoy opportunities for breakthrough in 2021

High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises.

The bilateral and multilateral free trade agreements between Vietnam and other countries such as the EU-Vietnam and the UK-Vietnam FTAs with preferential tariffs would create favourable conditions for Vietnamese rice to compete with that from rival countries, the Vietnam Food Association said.

According to the Vietnamese Trade Counsellor in the UK Nguyen Canh Cuong, rice shipments to the country this year will sharply rise against 2020. He added more UK firms will purchase Vietnamese rice under the UK-Vietnam FTA, creating a chance for Vietnamese rice to expand its market share in the UK this year.

In 2019, rice exports from Vietnam to the UK had a leap forward with a turnover growth of 376 percent. That meant the UK has great potential as a rice export market for Vietnam.

In order to tap into the advantages under FTAs, rice export giants such as Intimex JSC, Loc Troi Group, VRICE Co, Trung An High Technology Agriculture JSC are planning to seek new customers in markets where Vietnam had signed FTAs, especially in the UK.

The Ministry of Industry and Trade said it would provide rice export firms with information about the market demand situation in a timely manner while implementing trade promotion activities to help Vietnamese rice exporters better access customers.

Detailed information about the regulations and barriers under these FTAs’ commitments will be also offered by the ministry so that businesses can improve their understanding and draw up suitable business plans.

As part of its efforts to facilitate Vietnam’s rice exports, the VAF has built up online sales channel and participated in online trade seminars to develop the rice industry.

It suggested rice exporters focus on high quality products with good export results, ensuring food hygiene and safety to be able to enter fastidious markets such as Europe, America and Canada.

Experts have said that if Vietnam wants to maintain rice export growth in 2021 it needs to focus on building a complete rice value chain and controlling quality in production, processing, and distribution.

According to the Ministry of Agriculture and Rural Development, Vietnam’s rice output totalled 42.8 million tonnes in 2020, down about 0.2 percent because of the shrinkage of some 192,000 hectares in farming areas. However, the productivity rose 50kg per hectare from a year earlier.

The areas of high-grade rice varieties have expanded to 74 percent, compared to 50 percent in 2015, as a result of the country’s efforts in improving the value of the Vietnamese rice.

Thanks to that, the shipments of high-grade rice made up more than 85 percent of the total, resulting in the growth of average rice price from 440 USD per tonne in 2019 to 496 USD per tonne in 2020.

The country exported 6.15 tonnes of rice for 3.07 billion USD last year, down 3.5 percent in volume but up 9.3 percent in value year-on-year.

The Philippines was Vietnam’s leading rice importer, making up 34 percent of the total. Rice exports to this market in 2020 reached 2.22 million tonnes and 1.06 billion USD, up 4 percent in volume and 19.3 percent in value compared to 2019.

Other outlets with significant export growth in 2020 were Indonesia, (nearly triple 2019’s figure) and China, up 93 percent year-on-year.

VFA Vice Chairman Do Ha Nam described 2020 as a successful year for Vietnam’s rice exports, which he attributed to increasing demand in many countries and the improved competitiveness of Vietnamese rice around the world.

Amid the difficulties posed by the ongoing COVID-19 pandemic, rice exporters quickly made appropriate adjustments and actively sought new markets while fully tapping into the advantages brought about by FTAs.

The EU-Vietnam FTA had created a major opportunity for Vietnamese rice to enter European markets and then make inroads into other choosy markets, Nam said./.

Online trade promotion helps businesses adapt to COVID-19

The spread of COVID-19 around the world created difficulties for businesses in promoting their products and seeking new customers but many were prompted to change trade promotion strategies and adapt.

Bui Thi Thanh An, Vice Director of the Trade Promotion Agency at the Ministry of Industry and Trade, said nearly 50 national-level trade promotion programmes were cancelled or postponed last year due to the pandemic.

This had a major effect on export activities and the economy in general, she said.

To address the situation, the agency has sped up the introduction of information technology (IT) and changed how trade promotion activities are held.

Since March when COVID-19 spread globally, the agency has changed all trade promotion activities to online. More than 500 international online trade conferences have now been organised, along with more than 1 million online trade exchanges.

These events helped connect more than 2,000 businesses with foreign partners in different markets, An said.

The agency has also coordinated with foreign customers based in Vietnam, such as AEON and Central Group, to organise special “weeks” featuring Vietnamese products, through which many goods have been selected for sale in foreign-owned supermarket chains around Vietnam and then headed to foreign markets.

It has also made use of social networks and Vietnamese trade offices abroad to support businesses seeking markets, An added. Such efforts contributed to maintaining export growth and speeding up economic recovery, while helping enterprises remain updated on market developments, trends, and demand, she added.

Though online trade promotions have become more common since the pandemic broke out and were initially considered just a temporary solution, experts and enterprises agree that they will now become a key part of the trade promotion ecosystem.

Vietnam’s economy is heavily reliant upon exports, so the country must adapt to sudden disruptions to international trade. Taking advantage of IT platforms to seek trade opportunities is considered the most feasible option at this time.

Zacharie Blondeau, Sourcing Director at Source of Asia, said business-to-business (B2B) is the most effective method of connection, but in certain contexts, such as pandemics and travel restrictions, businesses should actively connect online.

An underlined that even after COVID-19 is fully brought under control, online trade promotions will continue to be organised.

The Trade Promotion Agency is developing digital technology-based platforms to create a new promotion ecosystem comprising of online trade fairs and exhibitions and online databases and origin tracing, creating the conditions necessary for enterprises to access trade promotion programmes at the lowest cost and with the greatest efficiency.

She advised businesses to regularly participate in online and direct trade exchanges, conferences, and workshops, while actively digitalising their operations by improving websites and joining large and reputable e-commerce platforms.

Online shops see robust business amid a global pandemic

While various businesses reported losses and difficulties, online shops have had a solid development in 2020.

According to Vietnam’s e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, the growth rate of the local e-commerce sector in 2020 was 18% and valued at USD11.8bn. It accounted for 5.5% of the country’s retail goods and consumer service revenue.

Nguyen Chanh Trung, a shop owner on Lazada, said he started his online business after working for five years in the construction sector. His shop was opened on the first days of the Covid-19 outbreak in Vietnam and gained unexpected profits.

“I learned everything from scratch and tested out new ideas. I also attended training classes offered by Lazada to optimise the business and take care of the customers,” he said. “Online trading minimise staff and rental costs. After a year, staff numbers fell from 20 to 10 and revenue increased by 10%.”

Even though Trung had a website to introduce his products before, his business was mostly offline and badly affected by Covid-19.

Another online seller also saw great profits from selling face masks and handwash.

The number of sellers on Lazada doubled in 2020. LazMall, a trade site based on Lazada saw both customers and orders double on normal days and triple during festivals. Another e-commerce platform Tiki said in March and April 2020, the number of orders on the platform increased by 15% compared to the two busiest months in 2019. Sometimes, there were 4,000 orders placed per minute.

Vietnamese sellers also went to international e-commerce platform to sell their products overseas like Amazon or Alibaba. Over USD1m worth of products were sold via Amazon in 2020, triple the total amount sold in 2019.

Dang Hoang Hai, head of Vietnam’s e-Commerce and Digital Economy Agency said Covid-19 actually gave a strong boost to online businesses, forcing many firms and individual sellers to go online. Decision 645 issued by the government about the e-commerce development plan for 2021-2025 also helped speed up the transition.

Estimations from Google, Temasek and Bain and Company showed that Vietnam’s e-commerce market would be worth USD52bn and stand among the three biggest markets in ASEAN in 2025 if the growth rate stays at 29% a year.

Tran Toan Thang from the National Centre for Socio-Economic Information and Forecast said the e-commerce market would have developed strongly with or without the pandemic. However, Covid-19 has been a strong boost to the local market.

“Some product sales increased by 300% online. Because of the pandemic, shopping online has become a habit now,” he said.

HCM City Real Estate Association optimistic about 2021

HCM City Real Estate Association (HoREA) is optimistic that the real estate market in 2021 will see strong recovery and provide a large amount of accommodation for the city in the next 5-10 years.

One of the main development areas is the newly-established Thu Duc City which has the highest number of real estate projects in HCM City. It will attract various kinds of real estate projects. Cu Chi, Hoc Mon, Binh Chanh and Nha Be districts will all be upgraded and urbanised.

Both the number of farmers and farming lands in these districts will be reduced by 3-31%. Can Gio District was planned to become a seaside and eco-friendly town with the mangrove forest which is a part of Can Gio Biosphere Reserve.

According to the HoREA, HCM City has been allowed to convert 26,000ha of agricultural land in several outskirts districts into industrial and commercial lands. The government also issued many support policies to help real estate investors operate and complete procedures more smoothly.

Le Hoang Chau, chairman of HoREA, confirmed that Resolution 148 which took effect on January 1, 2021, the 2020 Investment Law and the adjusted 2020 Construction Law have helped make the policies and regulations clearer and more suitable.

“In 2021, the government will issue more detailed regulations and directives about the Investment Law and adjusted Construction Law to speed up the renovation of dilapidated apartment buildings and apartments for low-income people. This will help boost the real estate market in 2021 and the following years,” he said.

Quick action required to attract high-quality FDI

The US-China trade war and the COVID-19 pandemic have provided Vietnam with an opportunity to attract foreign investment (FDI) as global capital flows tend to shift to safe havens. This is also a time when our country needs to drastically change our thoughts and actions in the selection of FDI partners and projects to move more towards high-quality capital flows as directed in Politburo Resolution No. 50. These factors make FDI attraction become a focal point of the “COVID year” in 2020 and will continue to do so in the years to come.

At a seminar held between Vietnam’s chief representatives abroad for the 2020-2023 term and the Committee for the Management of State Capital at Enterprises, Deputy Minister of Foreign Affairs Bui Thanh Son said that Vietnam is now a bright spot in investment attraction and more than 126 large corporations shifting their investments are now looking to invest in Vietnam.

Meanwhile, Director of the Foreign Investment Agency under the Ministry of Planning and Investment Do Nhat Hoang revealed that although investment activities were interrupted due to the impact of the pandemic, the Ministry of Planning and Investment (MPI) and senior leaders of large corporations around the world still maintained discussions about investment cooperation opportunities through many channels. In particular, a number of online seminars were held at the operation centre of the MPI to connect with destinations across the world so that large corporations can find out more investment information regarding Vietnam. Through this activity, many large corporations started negotiations to bring investment projects into Vietnam with registered capital of billions of US dollars.

According to the United Nations Conference on Trade and Development (UNCTAD) global investment in 2020 declined by 40%, but FDI inflows into Vietnam saw a much lower rate than other countries in the world and the region, especially in disbursed capital. Export and import turnover of FDI enterprises also decreased slightly compared to the same period in 2019.

“Despite the many difficulties that arose due to the COVID-19 pandemic, FDI enterprises have still maintained relatively good production and business activity levels. This is a positive signal, demonstrating the confidence of foreign investors in the investment environment in Vietnam and also proving that Vietnam is still seeking further FDI,” Hoang emphasised.

In 2020, not only manufacturers, but also supply companies shifted investment to Vietnam, as well as providers of logistics and warehouses services and others doing likewise. Big manufacturers are considered “queen bees” coming to Vietnam to build a hive, bringing along “worker bees” – suppliers and supporting manufacturers, and creating a new ecosystem and supply chain in Vietnam.

This trend is happening in the electronics industry, as the story of Samsung has shown and is now also evident in the story of animal feed, e-commerce, consumption, and auto parts industries.

Acting fast to seize opportunities

Dr Nguyen Dinh Cung, a member of the Economic Advisory Group to the Prime Minister, expressed his concerns about FDI attraction in Vietnam. According to the expert, opportunities for Vietnam in terms of the shifting of global investment capital flows is great, but the “eagle” itself will not come if we take no action.

“I have just had the opportunity to work in Quang Ninh and Hai Phong, a region with a lot of potential in terms of its land and synchronous infrastructure, thanks to its seaport system and airport linked with Hung Yen ,creating a large industrial park capable of attracting the world’s leading technology enterprises. If there is a policy of regional linkage, these localities can create further intrinsic attractiveness to lure “eagles” to turn Vietnam into an important global production location. If these localities still compete in the attraction of FDI as before, they will only scatter and reduce Vietnam’s attraction in the eyes of foreign investors,” Cung said.

To seize the opportunity, it is advisable to take quick action and change the methods of attracting investment. First of all, the concept of “high quality investment” must be clearly defined to set screening criteria and formulate suitable policies for each industry and region in order to actively attract investors. To do this, it is necessary to have a new approach tailored to specific projects and investors, not applying a general policy to all projects.

Meanwhile, investors pouring capital into Vietnam can enjoy outstanding incentives but must also meet set conditions and be a reputable and socially responsible investor.

Referring to the concept of “preparing the nest to welcome the eagles”, used recently to regarding the attraction of high-quality FDI in Vietnam, Prof. Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE) said that there were “eagles” but so far only Asian and a few European or American eagles. This is the time for Vietnam to proactively direct the flow of FDI and prepare conditions to attract high-tech and pervasive projects to meet the needs of the country’s new development period.

In the context of a decline in global investment activities due to the impact of the COVID-19 pandemic, although Vietnam has many advantages and has emerged as a bright spot in investment attraction, FDI inflows have not yet strongly recovered. This is the time for Vietnam to improve its investment and business environment to stand ready to welcome big waves of FDI.

Shrimp exports set target of US$ 4.4 billion in 2021

Despite the complicated developments of the Covid-19 epidemic, shrimp was still a commodity that brought high economic value in 2020, with export turnover of US$3.7 billion, an increase of 11% over the same period in 2019. It is expected that in 2021, shrimp exports can increase by 15% compared to 2020, the export turnover would reach over US$ 4.4 billion.

In order to achieve the goal, businesses should focus on promoting deep processing and increasing added value, while at the same time proactively seizing opportunities from changes in the market due to the impact of Covid-19 translation.

High growth forecast

Looking through the whole year 2020, shrimp exports achieved very encouraging results.

According to Tran Cong Thang – Director of Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), compared to rival countries in 2020, Vietnam had an advantage due to better control over the Covid-19 epidemic. The main consuming markets such as the US, the European Union (EU), and China gave priority to buying shrimp from Vietnam.

While major shrimp producing countries such as India, Ecuador, and Thailand, etc. all suffer from the negative impacts of the Covid-19 pandemic, such as stagnated production and transport of goods, the decrease in shrimp prices is leading to a decrease in shrimp production.

In addition, the proactive market rotation, taking advantage of the opportunities created by the changes in the market caused by the Covid-19 pandemic, diversifying products suitable for each market segment, has helped businesses in the industry to not only maintain but also increase export turnover. Therefore, the shrimp export turnover reached US$3.7 billion, up 11% compared to 2019. Shrimp have been exported to 135 markets through 508 export enterprises.

The major markets that kept positive growth rates were: the US, with an increase of 33%; the EU (6.1%); the Republic of Korea (ROK) (3.3%), and the UK (20.1%).

In addition, to achieve the good growth in export turnover, the domestic supply also plays a significant role.

In the first months of 2020, shrimp production faced difficulties due to Covid-19 epidemic accompanied by saltwater intrusion in key farming areas, leading to a decrease in brackish water shrimp production, especially black tiger shrimp.

By the end of 2020, brackish water shrimp production had recovered, with the disease under control. The export of brackish water shrimp has been restored; the disease on farmed shrimp is also under control, helping brackish shrimp production grow well, ensuring a sustainable supply for export.

According to the General Department of Fisheries, in 2020, the production of black tiger shrimp reached 267,700 tons, an increase of 1%, and white leg shrimp reached 632,300 tons, up 8.5% over the same period.

In Ca Mau Province, the first months of 2020, many seafood importers have suspended, postponed or canceled deliveries, making seafood export difficult. However, the Government, ministries, central branches, and provincial People’s Committee have promptly implemented many support measures to ensure stable production and business conditions.

At the same time, the EVFTA took effect to create more favorable conditions for businesses to export to EU countries (by 2020, seafood export turnover to the EU reached about US$100 million, accounting for 9.7% of the province’s export turnover, up more than 400% over the same period in 2019).

Experts say that, if the farming and processing stage is well ensured, Vietnam’s shrimp export growth milestones will be achieved in 2021. The introduction of Covid-19 vaccine together with the advantages from FTAs being utilised by businesses will be the driving force for shrimp export activities in 2021.

These forecasts are grounded, as from the beginning of 2021, eight cargo containers, with more than 160 tons of shrimp, owned by Minh Phu Seafood Corp. (at Song Hau Industrial Park, Chau Thanh District, Hau Giang Province), have been exported to potential markets of Vietnam, namely the EU, the US and Japan. This shipment is a good signal for the export shrimp industry in 2021.

Taking advantage of opportunities

According to experts in the fisheries sector, in 2021, Vietnam’s the good control of Covid-19 epidemic and joining bilateral trade agreements with other countries will create favourable conditions for exporters.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), world shrimp demand will continue to increase, especially in the context of the Covid-19 pandemic, while the demand for processed seafood eaten at home will increase sharply. VASEP forecasts that shrimp exports can reach an export turnover of US$ 4 to 4.4 billion in 2021.

However, in order to continue good export growth, it is necessary to have specific solutions:

Firstly, it is necessary to organise the production management and management of suitable cultured shrimp breeds, control diseases well and ensure the quality of seed supplied, avoid production risks to stabilise supply, increase high quality products.

Second, it is necessary to ensure the supply of raw materials with sufficient quantity and quality, especially in the farming stage by applying new science and technology.

Third, it is necessary to make good use of market expansion opportunities through increasing supply capacity to compensate for production shortages because other supplying countries are being negatively affected by the Covid-19 epidemic that affecting production and export supply chain; it is necessary to increase competitiveness and market share in big and strategic markets such as the EU, the US, Japan, South Korea, and the UK. It is necessary to improve the quality of export products, take advantage of tariff advantages for pure Vietnamese origin of farmed shrimp products in the new generation of free trade agreements (FTAs).

In order to effectively implement the above solutions, according to IPSARD’s Director Tran Cong Thang, it is necessary to improve the processing capacity of enterprises, focus on technology investment, intensive processing, to meet the needs of importing countries.

The enterprise should develop deeply processed products and value added products to serve a wide range of customers and market segments. Enterprises and farmers need to prepare well the conditions and stocking according to the 2021 seasonal calendar.

It is necessary to attach importance to disease prevention and control, control impurities, chemical and antibiotic residues in shrimp products to ensure disease safety and food safety. In addition, it is necessary to strengthen links between units participating in the production chain in order to improve quality, ensure traceability, and continue to increase the proportion of value-added goods in exporting.

It is necessary to replicate effective models and production chains while maintaining and developing the “output” market. It is also necessary to participate in trade promotion programs to promote seafood products, including processed shrimp, seek new markets and toward sustainable export.

Experience in implementing FTAs

Despite violent pandemic and geopolitical upheavals, 2020 marked an important milestone in Vietnam’s international economic integration.

In addition to the effectiveness of the EU-Vietnam Free Trade Agreement (EVFTA) since August 1, 2020, the Regional Comprehensive Economic Partnership (RCEP) agreement was signed under the framework of the 37th ASEAN Summit, helping to create a market with 2.2 billion consumers, accounting for about 30% of the world’s population and a total GDP of approximately VND26.2 billion (about 30% of the global GDP). This is a happy ending after eight years of intense negotiations, even without the participation of India.

By the end of November 2020, Vietnam had been negotiating 16 free trade agreements (FTAs) that cover almost all continents including nearly 60 economies, with total GDP accounting for about 90% of world GDP, as well as 14 agreements set to come into force.

The signed FTAs ​​also contribute to creating optimism in the business community, consolidating business confidence as well as promising a bright economic outlook.

“Despite a difficult year for international trade in 2020, our survey shows that Vietnam’s quick and effective response to the global pandemic has proved its efficiency. Leaders of European enterprises feel more positive about their businesses as well as Vietnam’s trade and investment environment,” said Chairman of the European Chamber of Commerce (EuroCham) in Vietnam Nicolas Audier at the ceremony to announce the Business Climate Index (BCI) in the fourth quarter of 2020.

Caring for orchard in the wait to pick fruit

Prime Minister Nguyen Xuan Phuc expressed his delight at the effectiveness of the EVFTA but also reminded that results gained from FTAs ​​have yet to match the potential and raised many big bottlenecks that must be removed. It is the necessity to improve communication efficiency about international economic integration and FTAs in particular, to remove invisible barriers for businesses, and to change the mindset of doing business in a more proactive manner to meet the requirement of FTAs, among other tasks.

Indeed, if you compare FTAs ​​to an orchard, the gardeners must invest both capital and effort in the orchard every day before they can enjoy the fruit from this garden. And almost no single enterprise can do this alone; the process requires cooperation and linkage.

According to General Director of Garment 10 Corporation Than Duc Viet, Garment 10 produces 18 million shirts and 1.5 million suits each year, so it needs 30 million meters of shirt fabric and 5 million meters of suit fabric. However, the company has to import 60-70% of materials from China to serve its production because raw materials produced in Vietnam are more expensive than imports from China while the speed of development of models and production time is also longer.

It means that the company cannot benefit from EVFTA and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) because it does not meet requirements on origin of products.

“The policy of promoting multilateral relations through Vietnam’s participation in a series of FTAs ​​is absolutely correct, but it will only bring into full play when Vietnam can successfully solve challenges regarding labour conditions, environmental protection and social responsibility,” said Dr. Vo Tri Thanh, Director of the Institute for Brand and Competitiveness Strategy.

Responding to barriers

Although the dispute settlement mechanism will be more complete because both the CPTPP and the EU-Vietnam Investment Protection Agreement (EVIPA) have provisions to improve the transparency of the proceedings, Vo Tri Thanh warns that once tariff barriers are no longer an effective tool for protection, importing countries tend to use non-tariff measures (anti-dumping, anti-countervailing and trade remedies measures) to protect their own domestic manufacturing industry.

As an experienced lawyer in handling international economic disputes, Dinh Anh Tuyet, an arbitrator from the Vietnam International Arbitration Centre (VIAC) said that: “It is important to note that signed FTAs are not only a “sweet fruit”, but also a “bitter fruit” for Vietnamese enterprises because if businesses do not comply with the standards stated in the FTA, the partners will apply new handling measures, and even lawyers like us do not know what the measures are, because they all appear for the first time in the agreements.”

The implication that the lawyer wants to talk about is that Vietnamese enterprises need to have the right attitude and actively respond to the risks of commercial disputes. It is also the choice that proves the correctness that shrimp exporting enterprises have applied from 2004 to present.

The preparation is sometimes very simple things such as maintaining detailed traceability records, accounting records, and production records in order to request timely support from the State and lawyers to protect their interests when there are violations under trade and investment agreements or when there are signs of trade fraud and tax evasion.

The cooperation with associations and importers and the coordination with investigating bodies when under investigation are also obvious recommendations but are sometimes neglected by enterprises. Besides FTAs, institutional reform and efforts from each enterprise are also key forces for long-term development.

A historical milestone in this Spring

The year 2020, with so many difficulties and challenges, has passed. Vietnam has shone once again! The world showed admiration and the people were excited and believed in.

The COVID-19 pandemic has cast a shadow across the globe. Millions of people have died, and the world economy has declined dramatically. Although the pandemic has been quite well controlled, our economy with large openness and deep integration could not avoid difficulties. Natural disasters, storms and floods raged in the Central region; and droughts and salt water intrusion in the Mekong Delta, etc.

In that very special context, under the sound leadership of the Party, the management and administration of the State, the entire political system and the entire people joined in a drastic, synchronous and persistent manner to comprehensively fulfil almost all set targets and tasks. The year 2020 is still considered the most successful year in the whole tenure, having gained remarkable achievements. Vietnam is considered a bright spot for disease prevention and control and socio-economic development. People’s living conditions are constantly being improved; and national defence, security, social order, and safety have been maintained. The work of Party building and rectification as well as the fight against negative activities, corruption and wastefulness has been drastically directed, achieving many positive results. Foreign affairs have been carried out effectively, contributing to consolidating and enhancing the position of Vietnam in the international arena.

The Party Congresses at all levels were a success, creating a premise for the successful 13th National Party Congress.

In difficulties, the tradition of patriotism, solidarity and mutual care of the people has been promoted, and the superiority of the socialist regime has been confirmed.

The New Year has come with intertwined opportunities and challenges. The situation of the world, the region and the East Sea (South China Sea) is still complicated and unpredictable, while our country is still facing numerous difficulties and challenges in socio-economic development and adaption to climate change, as well as ensuring national defence and security.

Along with the achievements obtained in the past year, the gift to celebrate the Spring has a very important meaning to decide the direction and development of the country in the next five years, with a vision to 10 years and 20 years from now is the Resolution of the 13th National Party Congress. In his speech at the year-end virtual conference of the Government, Party General Secretary and State President Nguyen Phu Trong affirmed that the entire political system needs to be proactive, actively grasp and well implement the Resolution of the 13th National Party Congress and resolutions of the Party Central Committee, the National Assembly and the Government right from the beginning of the year, with specific programmes and working plans that are in line with reality and have high feasibility, with the general spirit of being more proactive, active, and creative in order to achieve higher overall results than in the previous years and the previous tenure.

This spring, the success of the 13th National Party Congress marked another historic milestone on the path of national construction!

Long Thanh Airport expected to promote regional socio-economic development

The Long Thanh International Airport Project is a key project in the country’s transport infrastructure network approved by the National Assembly at the Resolution No. 94/2015/QH13 dated June 25, 2015 on the investment policy of the project and the Decision No. 1777/QD-TTg of the Prime Minister dated November 11, 2020 on approving the first construction phase of the Long Thanh International Airport Project with the total investment of US$4,664 billion.

The first items in the first phase of Long Thanh International Airport Project officially began construction on January 5. It is expected to create a hitch to promote socio-economic development not only in Dong Nai Province but also in the Southeastern region and the whole country after coming into operation.

Since the National Assembly approved the investment policy for the project, there have been more changes in people’s lives so far in the context of urbanization development in Binh Son Commune as well as in Long Thanh District.

Particularly, people whose land was acquired or affected by the project have received acceptable compensation to do their own business, to change jobs from agriculture sector to other careers.

If the agricultural land price around the airport project was only about VND1 billion (US$43,000) per hectare in advance the National Assembly’s approval, the price has increased by 10-15 percent following the approval. The compensation price from the State for people whose land was acquired to build the airport is about VND400 million (US$17,000) per hectare.

Mr. Vo Dinh Viet, a resident living in Long Thanh Town, has received VND21.4 billion (US$926,000) for 4.4 hectares of rubber trees affected by the project. After receiving the compensation, his family used the money to pay loans which they had got before for building a 3-star hotel and restaurant in the town’s center since 2016 and to continue to invest into land.

The project implementation also opens up opportunities to develop the finance and services industry for Dong Nai Province and attract large-scale banks to open their branches and transaction offices in the locality, thereby helping Dong Nai Province as well as the Southeastern region develop high-quality human resources.

Nearly US$1 billion has been disbursed in compensation for 5,000 hectares of land reclaimed for construction of the airport. So far, the project- affected people have been resettled, bought land and built houses. This has created more jobs in the fields of banking industry, land brokerage services and construction materials.

According to the leaders of the People’s Committee of Dong Nai Province, since the Long Thanh International Airport Project has not been started works yet, many domestic and foreign investors want to seek investment opportunities in the promising area.

When the airport comes into operation with a smoothly connected traffic infrastructure system, it is expected to certainly stimulate investment attraction and technology development in the Southeastern region. Currently, local economists are expected the approach and transfer of the latest and most modern technologies as well as machinery and equipment from the world’s leading technology corporations for construction of the project.

Once the airport comes into operation along with a smoothly connected traffic infrastructure system, it is expected to certainly stimulate investment attraction and technology development in the Southeastern region.

Deputy Secretary of the Provincial Party Committee cum Chairman of the People’s Committee of Dong Nai Province Mr. Cao Tien Dung informed that in the development plan for the upcoming years, Dong Nai Province has defined the construction of Long Thanh Airport Project as a motivation for socio-economic development.

According to the plan, the local authorities and private sectors will focus on certain investments to determinedly build an airport city, which is expected to create a great opportunity to develop the high technology, create a driving force for the province to boost the development of high-tech parks and head to export.

Dong Nai Province will focus on the development plan of socio-economic and traffic infrastructure to fuel industry and services development in districts near the airport.

Besides, the province will also re-plan agricultural development in remote districts, determine areas appropriate for fruit trees or vegetables and domestic animal breeding to invest in road and electricity infrastructure.

On the other hand, Dong Nai Province has just approved an Israeli-style high-tech agricultural development program. Experts from this Middle Eastern country will accompany local farmers to build and widen hi-tech models.

As for Ho Chi Minh City, once the Long Thanh airport comes into operation, it will contribute to reducing the overloading at Tan Son Nhat International Airport as well as traffic jams around the airport.

In order to make this plan soon come true, it is necessary to early build an overhead urban railway system connecting the two airports, strengthen investment into transport network systems, speed up building key projects through the airport such as Ben Luc – Long Thanh Expressway, Ring Road 3 and Cat Lai Bridge to reduce traffic pressure through the inner of Ho Chi Minh City, notably Cat Lai port area, National Highway No.1 through Binh Chanh District, National Highway No.22 running through districts of Hoc Mon and Cu Chi.

Source: VNA/VNN/VNS/SGGP/VOV/NDO/Dtinews/SGT/VIR

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VIETNAM BUSINESS NEWS FEB. 28

February 28, 2021 by vietnamnet.vn

Export value skyrockets over Lunar New Year

Vietnam’s export turnover during this Lunar New Year saw breakthrough growth, occupying nearly half of the total export-import turnover.

The latest data published by the General Department of Vietnam Customs showed that export volume over the seven days (February 10-16) of the Lunar New Year holiday reached $730 million, rising 79 per cent on-year and accounting for about 44 per cent of the $1.67 billion export-import turnover.

The main export articles include mobile devices and components valued at $332 million; computer and electronic products worth $251 million. The two categories accounted for 80 per cent of the total export value.

This Lunar New Year saw exports going to 80 markets, seven more than last year. China continues to be the leading export market with a value of $189 million (26 per cent). Following are the US ($152 million), South Korea ($67 million), and Hong Kong ($57 million).

According to statistics from the General Department of Vietnam Customs, there were 960 import-export businesses, up 59 per cent on-year. Nevertheless, importers still outnumbered exporters with an import turnover of $940 million, up 37 per cent on-year.

Thus, from early this year to February 16, the total export-import turnover reached $74.51 billion, up 31 per cent on-year. Of this, exports hit $38.57 billion, up 36 per cent on-year while imports reached $35.94 billion, up 26 per cent, resulting in a trade surplus of $2.63 billion.

Drug market forecast to grow by 15 per cent in 2021

The pharmaceutical industry grew by just 2.8 per cent last year, much lower than its average 11.8 per cent growth in the last five years.

It is expected to recover and grow by 15 per cent this year, mainly due to a rapidly ageing population and increasing incomes, analysts at SSI Securities Corporation said.

Last year there was a short supply of active pharmaceutical ingredients from China and India due to social distancing and lockdowns and higher demand for them globally, causing drug prices to rise.

According to the Ministry of Health, domestic drug production grew at 13.8 per cent per year in 2015 – 19 backed by Government policies and construction of new plants.

Vingroup fails to acquire LG Electronics smartphone business

Vingroup is unlikely to be able to realise its ambition to take over LG Electronics’ smartphone manufacturing business.

“LG had been negotiating with Vingroup to sell its smartphone-manufacturing facilities in Vietnam and Brazil, however, the discussions recently collapsed mostly due to different price expectations,” said an industry insider familiar with the matter.

Last month, the Asian media was in a huge stir over the rumoured take-over deal between Vingroup and LG Electronics, the fourth biggest “chaebol” in South Korea.

Accordingly, Vingroup has emerged as the most potential bidder to acquire LG Electronics’ smartphone production line as an important milestone for the Vietnamese group to penetrate the US.

LG reportedly aims to withdraw from the smartphone business due to difficulties, with intentions announced around a month after CEO Kwon Bong-seok said there would be a significant change in operations. The mobile communications business has witnessed losses of around $4.5 billion since 2015.

If the negotiation process is successful, Vingroup could take advantage of LG Electronics’ reputation, innovation, and sales network.

However, with the two sides unable to agree on a mutually acceptable valuation, LG will move on to find another buyer. Also, the company’s smartphone production lines in Vietnam and Brazil can be realigned to manufacture home appliances, noted an official from LG Electronics.He also added there would be no more negotiations with Vingroup, and LG would seek a new buyer, according to Korea Times. VIR

Danang: Mega IT projects to lift up growth

Danang city aims to become an innovative startup metropolis by 2025 by capitalising on a raft of mega IT projects.

Danang is now home to a pipeline of mega IT projects by leading local players, including privately-held CMC Group’s creative space.

According to Nguyen Trung Chinh,CMC chairman, the first phase of CMC Creative Space in Hoa Xuan ward with the investment value of VND12 trillion ($521.74 million) aims to bring jobs to about 2,000 people, which will increase to 10,000 people more in the second phase.

CMC’s target is to turn Danang into an international gateway and major data centre that is part of the strategy to turn Vietnam into a digital hub in the Asia-Pacific.

Through a survey, Danang has the potential to grow into the fourth regional digital hub, following Japan, Hong Kong, and Singapore.

“I am so happy that Danang People’s Committee has quickly released the decision approving the project’s detailed 1/500 planning,” said Chinh.

In light of the approved detailed planning, CMC Creative Space will consist of an R&D space; an IT and software production space; an internet transit station; a date centre; and housing blocks and associated services for experts and employees with a full suite of high-standard utilities.

Deemed as an important pilot project, efforts were taken to ensure speedy approval, paving the way to kick-off the project’s construction in March 2021.

Meanwhile in Ngu Hanh Son district, FPT Corporation, Vietnam’s leading IT firm, has come up with a string of capital-intensive IT projects.

Besides the 5.9ha FPT Complex which has been put into operation attracting more than 3,400 labourers, the company has pumped tens of millions of US dollars into building data centres and a system of educational facilities (schools for all grades and universities).

Nguyen Tuan Phuong, chairman of FPT Software in the central region, unveiled that in the next two years, FPT Group would inject about VND6.7 trillion ($291.3 million) into FPT Technological Urban Area (FPT City Danang) of which about VND1.5 trillion ($65.2 million) will be dedicated to building residential blocks and VND1 trillion ($43.5 million) will be earmarked for the second and third phases of its existing IT service centre to accommodate 10,000 programmers.

The company would further improve FPT City Danang’s infrastructure system with about VND800 billion ($34.8 million) set for building educational facilities.

A string of other projects are promptly in the legal setup phase, awaiting deployment such as VNPT’s IT space (Danang Bay) of more than 35,000 square metres of space in Lien Chieu district with an estimated investment value in the range of VND700 billion to VND1 trillion ($30.43-43.5 million) or the VND2 trillion ($86.96 million) high-tech and software centre of leading military-run telecom group Viettel in Hai Chau district.

These mega IT projects are anticipated to bring breakthroughs to Danang’s development in the upcoming time.

Along with this, the number of IT firms in Danang has been reportedly growing by 25 per cent annually, accounting for 20 per cent of the city’s total number of businesses.

Recent statistics show that Danang accommodates 2.1 IT firms over 1,000 residents, more than quadruple the country’s average. By the end of 2020, the city had 40,500 IT personnel, 20,000 of whom of them 20,000 have been working in the fields of software and digital content creation with per capita monthly wages averaging VND17.8 million ($770).

Nguyen Tuan Phuong from FPT Software shared that digital transmission is taking the whole world by storm, especially amid recent COVID-19 complexities.

“This movement is favourable for Vietnam’s IT industry generally and Danang in particular. The city needs to work on policies to accelerate the development of the IT sector, placing emphasis on training high-quality IT personnel. Availing itself of this opportunity effectively could bring numerous tailwinds to Danang in its digital transformation journey,” Phuong said.

Apt solutions sought for local solar power

The year 2021 will be characterised by an even bigger challenge for the authorities and developers to standardise the quality level of rooftop installations in terms of compliance to construction law, electrical standards, and fire safety, and to match grid availability and local consumption after the Vietnamese rooftop solar market skyrocketed last year.

Prime Minister Nguyen Xuan Phuc last week asked the Ministry of Industry and Trade (MoIT) and Electricity of Vietnam (EVN) to review issues related to Vietnam’s solar power development as well as avoid massive solar development without a proper plan, which could cause power grid overload.

According to the updated data, as of December 25, 2020, there were 83,000 rooftop solar power projects connected to the power system with a total installed capacity of nearly 4,700 megawatts-peak. The total power generation output to the grid from rooftop solar power has reached more than 1.13 billion kWh, contributing to ensuring power supply for the national power system.

Meanwhile, there is no new decision or guidance for implementation of the policy after Decision No.13/2020/QD-TTg issued last April on encouraging mechanisms for solar power development in Vietnam, which had its deadline set for December 31 last year for solar systems of any scale to attain a certificate of delivery and enjoy the feed-in tariff 2 (FiT2) rate, in which the price of each kilowatt-hour generated from ground-mounted, floating, and rooftop solar initiatives were 7.09, 7.69, and 8.38 US cents, respectively.

As a result, it remains uncertain which pricing mechanism will apply to grid-connected solar power projects reaching commercial operation date in 2021.

EVN announced its power companies had ceased buying rooftop solar power after December 31 to wait for further guidance from the government. It will also handle requirements for connection and signing power purchase and sales contracts from solar power systems started before the deadline.

Deputy general director of locally-invested Son Ha Group Hoang Manh Tan said the fact that there is no policy available will make it difficult for businesses to formulate strategies and implement them. Enterprises need continuous and consistent policies, and the gap issue creates difficulties for EVN, other enterprises, and their partners, Tan said.

Thus, ministries and authorities in the coming time must find the right supporting mechanism that enables an organic development of rooftop solar, and minimises loopholes and speculative projects, such as solar farms disguised as rooftop systems.

The prime minister also asked the MoIT to carry out the work of inspecting solar power development in localities and power companies, ensuring compliance with regulations.

It must promptly correct and handle any mistakes, especially operating policies that benefit outdoor voltage deployment over time as well as take measures to minimise the shutdown of renewable energy sources in operation, and minimise the economic losses of investors and waste of renewable energy sources.

At the same time, the boom in solar development also poses a question for the grid operator about how to optimise renewable electricity feeds into the grid, while considering the best interests of electricity producers.

Solar energy expert Mai Van Trung told VIR that in order to keep the average selling price there are several options, including increasing the curtailment or adding more solar power plants and rooftop solar systems with a very low FiT3 rate to compensate the subsidisation of EVN.

The former option over a wide scale could however hurt financial indicators of many projects because of leverage from bankers.

Meanwhile, the latter option could distract potential investors to put the money down. Moreover, the capacity absorption of the national grid is limited due to the intermittency of solar power, Trung said.

There is a declining trend of engineering, procurement, and construction costs of rooftop solar systems over time that can be utilised if the absorption capacity of the grid is available even with the storage added.

Vietnam has plans for solar power auctions but the qualified projects are small and located in lower solar irradiance. Green and cheap credits from international institutions are ready to enter, but the room left for additional capacity is currently being narrowed.

According to the MoIT, there are currently 16 national standards promulgated by the Ministry of Science and Technology related to solar power in the country. However, there is a lack of specific standards for the two main components of rooftop solar power projects – panels and inverters.

In late 2020, the National Assembly passed the new Law on Environmental Protection, which stipulates extended producer responsibility (EPR) for businesses in Vietnam. This means that businesses and producers now bear the responsibility for the waste of their products, including solar panels.

EPR is intended to reduce the cost of managing end-of-life products by reducing waste volume and increasing recycling, thereby contributing to the prime minister’s new target of reducing the amount of waste that goes to landfills by 80 per cent by 2025.

EPR has the potential to create new economic opportunities and share the financial burden of solid waste management more fairly.

According to the new law, businesses can implement EPR in one of three ways including doing the recycle themselves, conducting recycling through a third-party product recycling organisation, and making a financial contribution to the Vietnam Environmental Fund.

According to the draft EPR decree, businesses that recycle themselves or do so via a third party will have to report through a national EPR data portal managed by the Ministry of Natural Resources and Environment.

If a business that does the recycling itself fails to reach the target over 3-5 years in a row, it will be forced to participate in one of the other two mechanisms.

A business that refuses to choose any mechanism will be fined; and if it exceeds its recycling target, it can sell credits to other businesses through a tradable credit system.

Auto imports reach nearly 12,000 units over past 1.5 months

Vietnam’s import of cars between January 1 and February 15 this year reached 11,791 units, worth US$280 million, soaring 84.7% in volume and 76.2% in value against the 2020 figures, according to the General Department of Vietnam Customs.

Of these, the country imported over 3,400 completely built-up units worth over US$66 million from February 1 to 15.

During the past 1.5 months, the number of imported cars with nine seats or less totaled 2,477 units worth US$42.5 million, while 812 trucks valued at US$15.9 million were imported in the period.

Earlier, the country imported more than 8,300 cars worth over US$212 million in January, including over 5,200 cars with nine seats or below and 2,230 trucks. These cars were mostly imported from Thailand, China and Indonesia.

SSI Research forecast that the auto consumption in Vietnam this year could rise some 16% versus last year’s figure. Specifically, SSI Research said that the country’s GDP per capita could improve 8-10% annually in the next decade, while vehicles are more affordable to many more people.

In addition, the volume of locally-made cars is on the rise and scores of companies are focusing on business expansion to lower car prices to attract more customers.

Also, many auto manufacturing and assembly plant projects are scheduled for completion in the next three years, which will add a vibrant atmosphere to the local auto market and offer more benefits to customers.

Further, taxes and surcharges on cars are being steadily reduced under free trade agreements between Vietnam and other countries. This will help cut down on auto prices and stimulate the demand for cars.

Growing concern over overload on Vietnam stock market

The problem if further persists in long-term will make investors become disillusioned on the fairness and transparency of Vietnam’s stock market.

The frequent overload of orders forcing the stock exchange to halt market trading is causing frustration among investors.

Insiders have said that the trading halts, which occurred on the Vietnamese stock exchanges recently, aim to correct an order imbalance as a result of a technical glitch or due to regulatory concerns. When a trading halt is in effect, open orders may be canceled and options still may be exercised.

“Investors want competent authorities to take responsibility for these incidents, not just an apology,” said Nguyen Bich Ngoc, an experienced investor in the stock market, adding the unstable system is putting investors at risks.

Both before and after the Tet holiday, the overload occurred multiple times on both the Ho Chi Minh City and Hanoi stock exchanges whenever liquidity in a trading session hit around VND14-17 trillion (US$608-738 million).

“The phrase of “unplug the power cord” has become a hot topic in every securities forum and social networks,” Ngoc added.

From her own experience, Ngoc said at a trading session on February 19, when she and other investors placed an order at 1pm, but until 2:48pm, the system notified their placement was expired while the transaction period had not ended.

“Orders for purchasing stocks after 1:30 pm or 2pm in the past month were often delayed in process and not submitted to the stock exchanges,” she continued.

“Investors were left to watch their stocks going up or down in values and do nothing,” Ngoc fumed, while saying a lack of solutions to resolve the matter substantially from the Ministry of Finance or the State Securities Commission of Vietnam (SSC) only makes the matter worse.

“We are now forced to live with a faulty system and bear all the risks when we could not sell or buy stocks in case of system overload,” Ngoc stressed.

Last year, the stock market has witnessed strong growth and beat a series of records in terms of the number of new investors and the amount of capital inflows. In contrast with such strong growth, the issue if further persists in long-term will make investors become disillusioned on the fairness and transparency of Vietnam’s stock market, Ngoc stated.

“Investors will not accept losing money in such way or any apology from the authorities when the situation remains unchanged,” she said.

“The SSC must give a clear deadline to resolve this issue one and for all,” Ngoc concluded.

Previously, the SSC attributed the overload issue on the Ho Chi Minh Stock Exchange to the transaction processing capacity of the stock exchange that limits the number of transactions per day, while a recent surge of orders has exceeded the expectation of the market.

To ensure the smooth operation of the stock market, the SSC requested related agencies to optimize the transaction process by increasing the minimum trading lot from 10 to 100 shares, starting from January 4, 2021.

The SSC also urged securities firms to prevent their internal errors or limit automatic transaction.

For mid-term, the HoSE is tasked with upgrading the transaction backup system to ensure the safety of the system until the new IT system for the stock market with support from the Korea Exchange (KRX), South Korea’s bourse operator, is put into operation.

Data from the General Statistics Office (GSO) revealed the amount of capital poured into Vietnam stock market surged 20% in 2020 to VND383.6 trillion (US$16.64 billion). The average transaction value in the stock market is estimated at VND7.05 trillion (US$304.8 million) per session, up 51.5% year-on-year.

Meanwhile, the number of new investors soared by 109% in 2020 against the previous year.

Lam Dong to get first wind plant

GE Renewable Energy has signed a contract with the Ocean Renewable Energy Joint Stock Company to supply 15 wind turbines to its Cau Dat Wind Farm, the first in the Central Highlands province of Lam Dong.

Construction is expected to be finished by the third quarter of 2021.

Gilan Sabatier, regional leader for GE Renewable Energy’s onshore wind business in South Asia and ASEAN, said: “We thank Ocean Renewable Energy Joint Stock Company and their leadership team for selecting GE for this project. The award of the Cau Dat wind farm further validates the great work we have done in Vietnam and reaffirms our contribution to the country’s energy transition.”

Do Van Binh, General Director of Ocean, said, “We are delighted to sign this important deal with GE Renewable Energy for our first wind farm project.”

GE is the only wind original equipment manufacturer in the country./.

Bac Giang betters master plan on IPs development

The northern province of Bac Giang is improving a master plan on the development of industrial parks (IPs) and complexes, as well as land use planning, according it its provincial Party Committee.

The province is also refining a master plan on urban areas for the 2021-2030 period to attract investment.

It built a project on supporting start-ups in the locality, towards strongly developing private economy, and issued a list of projects in need of investment in the fields of agriculture and rural development.

The locality considered building mechanisms to support investment in hotel construction projects and hi-end services.

In particular, Bac Giang will step up administrative reform, improve the provincial competitiveness index, pool resources to build key socio-economic infrastructure while enhancing the quality of human resources and State management on projects.

The province will actively assist investors and businesses in tackling difficulties and accelerating projects, especially those regarding infrastructure construction and business in IPs.

From 2016 to the end of 2020, the province drew 909 projects worth over 5.88 billion USD, marking a 3.5-fold rise from 2011-2015, 616 of them were domestic ones with total registered capital of over 55.7 trillion VND (2.42 billion USD), and 3.84 billion USD were foreign direct investment.

It is now home to 1,786 valid projects, including 1,311 domestic ones worth more than 92.2 trillion VND and 475 foreign-invested ones valued at over 6.2 billion USD. Projects are mostly in industry with 54.3 percent, trade and services 40.5 percent, and agriculture 5.6 percent.

Since 2016, Bac Giang has granted licenses to over 6,000 enterprises and 705 branches and representative offices, with a combined registered capital of more than 64.3 trillion VND. Its gross regional domestic product has expanded by 14 percent annually.

Cumulatively, there have been 10,837 businesses so far in the province, including 466 foreign ones with a registered capital of 3.542 billion USD and more than 10,300 others with over 84.9 trillion VND./.

Binh Duong among world’s outstanding smart communities for three consecutive years

The southern province of Binh Duong has made itself onto the list of 21 localities worldwide having outstanding smart city development strategies (Smart21) this year, which was unveiled on February 25 by the Intelligent Community Forum (ICF).

It is the third year in a row that the province has received the recognition. Binh Duong is also the first Vietnamese locality to be named in the Smart21.

Gaining a place among the year’s Smart21 is considered a badge of honour as well as the first step toward greater recognition as an Intelligent Community positioned to prosper in the broadband economy, the ICF noted.

Workers at a factory in Bau Bang Industrial Park of Binh Duong (Photo: VNA)

There are currently 180 members from different countries, territories, cities and regions participating in the ICF./.

HCM City aims to build AI centres at regional level

Ho Chi Minh City plans to build at least two centres for Artificial Intelligence (AI) research and development as well as technology transfer at ASEAN level.

It is part of the city’s programme on AI research and development for the 2020-30, which was recently approved by the municipal People’s Committee, aiming to turn HCM City into a hub of Vietnam and ASEAN in the field.

In addition, the city will look for qualified personnel in the spheres of data science, big data analysis, natural language processing, computer vision, speech recognition, information security and Internet of Things, among others.

The southern economic hub has set a target to raise the number of AI research papers and patents by 20 percent in the period.

Vietnam sets a goal of being listed in Top 4 in ASEAN and Top 50 of the world in terms of AI research, development and application by 2030.

The target was set in a National Strategy on AI Research, Development and Application by 2030 recently approved by Prime Minister Nguyen Xuan Phuc.

The strategy aims at stepping up AI research, development and application to make it an important technological industry of Vietnam./.

Investment funds in Vietnam remain optimistic despite poor performance

Despite negative performance due to strong fluctuations in Vietnam’s stock market in January, big investment funds in the market remain optimistic.

Vietnam Enterprise Investments Limited (VEIL), a closed-end investment trust managed by Dragon Capital and the biggest investment fund in Vietnam’s stock market, recorded negative growth during the period.

The fund’s performance was negative 3.61 percent in January. VEIL manages assets worth 1.7 billion USD.

As of the end of January, VEIL’s biggest investments were in the banking sector, accounting for 27.13 percent of its investment value, followed by investments in real estate (26.43 percent) and food and beverage (10.17 percent). However all investing sectors had poor performance with banking and real estate sectors posting the biggest losses.

After gaining points in the first half of January, the stock market witnessed some strong corrections as profit booking dragged down the VN-Index. The profit taking was magnified by panic over margin calls.

The market benchmark VN-Index declined 4.28 percent in the first month of 2021.

Dragon Capital said that recently, the fund restructured its investment process with the number of target stocks cutting down to 28 – 32 from 35 – 40.

Finnish equity fund PYN Elite also witnessed is its net asset value (NAV) drop 5.39 percent in January, mostly due to losses in Vietnam Engine and Agricultural Machinery Corporation (VEA), Vietnam JSC Bank for Industry and Trade (CTG) and PetroVietnam Power Corporation (POW). It marked the worst performance of PYN Elite since 2017.

The fund manages total assets worth 572 million USD.

In a letter to investors in February, Petri Deryng, portfolio manager of PYN Elite, said that Vietnam’s stock market began 2021 on a negative note, but the prospects for the whole year are still very positive.

Vietnam’s economy, which has obtained some achievements, rising profits of listed companies and appealing stocks’ valuation are factors contributing to the bright prospects of the market.

The market saw strong fluctuations after the VN-Index surged quickly from 900 points to 1,200 points in just ten weeks.

During the turbulent month, PYN Elite used all of its resources to buy Vinhomes JSC (VHM) shares, making it the biggest investment of its portfolio. At the moment, VHM shares account for 9.82 percent of its portfolio, worth 1.5 trillion VND.

Another investment fund posting negative performance in January was AFC Vietnam Fund, with growth of negative 1.9 percent.

The fund assessed the plunge of the market after rising over 20 percent in the fourth quarter of 2020 and gaining 8 percent in the first seven trading sessions of 2021 was a healthy movement. And reaching the 1,200 point level by the VN-Index was really attractive, luring new strong inflows to the market.

Top five investments of AFC Vietnam Fund were Agriculture Bank Insurance JSC (ABI), accounting for 8.1 percent of its investment value, LienVietPost Joint Stock Commercial Bank (LPB), Dinh Vu Port Investment and Development JSC (DVP), VNDirect Securities Corporation (VND) and Phu Tai JSC (PTB).

As of the end of January, the fund invested most in the financial sector (35 percent of its portfolio) and industrial sector (23.5 percent)./.

Bac Giang: 771 mln USD raised for transport infrastructure development in five years

The northern province of Bac Giang has raised a total of over 17.8 trillion VND (771.54 million USD) in investment for local transport infrastructure development since 2016.

The capital has been injected into a number of key projects, notably a section of Hanoi’s Belt Road No.4 crossing Bac Giang, worth 1.23 trillion VND; upgrade of Provincial Road 295 crossing Voi – Ben Tuan and Ngoc Chau – Thang township, 245 billion VND; and a 5-km road connecting Provincial Road 293 and My An Port in Luc Nam, 115 billion VND.

Over the last five years, the province has developed 11 transport projects under Public-Private Partnership (PPP) scheme, with a total investment of more than 7.5 trillion VND. They include two Build-Operate-Transfer (BOT) projects managed by the Ministry of Transport and eight Build-Transfer (BT) by the province. A majority of the funding, 4.2 trillion VND, has been spent on developing Bac Giang – Lang Son Expressway under a BOT contract.

In addition to private funding, Bac Giang has used Official Development Assistance (ODA) loans for transport infrastructure projects. The largest among ODA-funded projects were 272-billion-VND Dong Bac Belt Road and Tran Quang Khai Bridge project in Bac Giang city financed by the Asian Development Bank (ADB) and the 135-billion-VND Local Bridge Construction and Road Asset Management (LRAMP)’s local bridge component funded by the World Bank (WB).

The province has also spent over 2.18 trillion VND from its budget and close to 1.75 trillion VND from private funding to concrete more than 4,210 km of roads, mostly rural roads.

Thanks to such efforts, Bac Giang is now home to about 153km of expressways which are more than 8m in width, accounting for over 46.4 percent of the total.

It has also concreted over 97.3 percent of district-level, 98.1 percent of commune-level and 92.3 percent of village roads.

In the coming time, Bac Giang plans to attract private investors in transport services, such as inland ports, parking, bus stations, and rest stops. The province will also jointly develop inter-provincial roads with neighbouring localities and by 2025, cooperate with the Ministry of Transport and BOT investors to expand Xuong Giang and Nhu Nguyen bridges on the Hanoi – Bac Giang Expressway./.

Vinh Long works towards sustainable export growth

The Mekong Delta province of Vinh Long is striving to boost sustainable export growth during 2021-2025.

The province has set the target to reel in 870 million USD from exports by 2025, with key export markets including ASEAN, Japan, China, China’s Taiwan, Russia, East European countries, Africa, the EU and the US.

According to Director of the provincial Department of Industry and Trade Nguyen Trung Kien, seeing rice as a key export, Vinh Long plans to ship average 100,000-200,000 tonnes of high-quality rice per year abroad until 2025, and work to increase price of local rice while diversifying rice products to branch out markets.

Holding a huge advantage of tra and basa fish farming, the province eyes to sell some 20,000 tonnnes of frozen tra fish to foreign markets by 2025.

Kien said Vinh Long is making efforts to gain 35-40 million USD from exports of grape fruits, canned fruits, dried fruits, and vegetables by 2025, adding areas were zoned off for cultivation of vegetables and orchards such as grape fruit, orange, tangerine, longan, and mango, among others.

Additionally, the locality targets 530-600 million USD in export revenue of leather footwear and garment-textile, and 60 million USD in export revenue of handicraft products by 2025.

In a bid to realise the set goals, an array of measures were outlined, Kien said, stressing due attention will be paid to developing agricultural processing industry and finished goods to better the products’ value and their competitive edge in the market.

Kien said along with support policies for local production, the province will improve technical services to promote mechanisation of agriculture, particularly post-harvest processing and preservation.

Investment promotion will be given priority so as to attract investment in supporting industries for footwear, garment-textile, electronics and engineering sectors, helping local producers and exporters improve their products’ competitiveness.

On the other, the province encourages local businesses to develop materials zones to ensure stable input for production, apply advanced technology to better products’ quality, while building brands to gain foothold in the market.

According to the Department of Industry and Trade, the province is now housing 40 export firms, including 15 foreign-invested businesses.

During 2015-2020, the locality’s export revenue rose significantly, from 302 million USD in 2015 to 570.5 million USD five years later. The North America accounted for the lion’s share of the province’s export, accounting for 37 percent of the total shipments, followed by Europe (31 percent), and Asia (29 percent)./.

Vietnam offers numerous investment opportunities for Indian businesses

The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25.

The bilateral trade-investment promotion conference titled “Boosting trade-investment cooperation opportunities between Vietnamese and Indian SMEs” was jointly organised by the Trade Office of the Vietnamese Embassy in India, Uttar Pradesh state government, the Indian Industries Association (IIA) and the Hanoi SME Association.

IIA President Pankaj Gupta said that several major enterprises of India such as Adani Group, Mahindra, SRF and Suzlon have shown interest in investing in Vietnam.

He suggesting Indian enterprises invest in Vietnam in the fields of energy, mineral exploration, agricultural chemicals, sugar production, tea, coffee, information technology, and automobile components.

Vietnam is currently holding a lot of advantages for investors such as favourable investment policies, numerous free trade agreements, rapid economic growth, stable political situation, cheap labour costs, and young labour force, he stated.

However, participants pointed to several challenges for foreign investors in Vietnam, including high corporate tax rates of 32-50 percent for companies operating in oil and gas exploration and exploitation and other valuable natural resources, complicated administrative procedures, and dependence on cash transactions.

Meanwhile, Vietnamese Ambassador to India Pham Sanh Chau proposed the two countries’ enterprises expand cooperation in supporting industry, automobile and motorbike spare parts, garment and footwear materials and household appliances.

According to the Vietnam Foreign Investment Agency, as of December 2020, India had nearly 300 valid projects in Vietnam with total investment of nearly 900 million USD, ranking 26th among countries and territories pouring capital into the Southeast Asian nation./.HCM City keeps shutdown of certain services in place

Fruit & vegetable exporters should tap into Northern Europe’s niche market: Newspaper

Vietnamese businesses are believed to possess opportunities, especially in niche markets, when exporting fruit and vegetables to Northern Europe, according to the Cong Thuong (Industry & Trade) newspaper.

The Vietnamese trade office in Sweden said that due to unfavourable weather conditions, Northern European countries very much depend on imported fruit and vegetables, with over 90 percent of fruit and 40 percent of vegetables coming from foreign sources.

The importation of tropical fruit has been growing quickly in recent years, opening up opportunities for both existing and new exporters from developing countries, including Vietnam.

Developing countries account for more than 50 percent of the supply of fruit such as papaya, mango, pineapple, dates, tamarind, and passionfruit imported to the market, and 30 percent of avocado, figs, melons, and grapes.

The EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020, has also generated considerable advantages for Vietnamese firms, as most tariffs on fresh fruit and vegetables have been slashed to zero percent, the trade office noted.

Despite the optimistic outlook, Cong Thuong wrote, the market is relatively small compared to others in Europe. It’s also not easy for new exporters to compete with multilateral fruit and vegetable providers, logistics firms, and packaging companies with a long presence there.

Vegetables grown in Europe now account for 90 percent of those imported into Northern Europe, while those from developing nations stand at less than 10 percent.

Off-season produce like tomatoes and bell peppers are often provided by countries near Northern Europe. Geographical distance and a lack of direct air routes to the region also pose certain difficulties for Vietnam’s fruit and vegetable exports.

The newspaper suggested Vietnamese companies consider producing organic and convenience products, pointing out European consumers’ increasing preference for healthy diets with clean and natural food, as well as those that serve their busy lifestyles.

To make use of this trend, they should ensure that product quality meets requirements, the article said.

It also noted that more attention needs to be paid to sustainable and responsible production and business practices, adding that products will be accepted by Northern European consumers if they comply with sustainability standards.

Brand building and product storytelling are also tools necessary for marketing new products, particularly those for niche markets, according to the paper./.

VIETNAM BUSINESS NEWS FEB. 28

Vietnam lures 5.46 billion USD in foreign investment

As much as 5.46 billion USD worth of foreign direct investment (FDI) was injected into Vietnam as of February 20, equivalent to 84.4 percent of the figure recorded in the same time last year, according to the Ministry of Planning and Investment.

As many as 126 foreign projects were granted investment licences with total registered capital of 3.31 billion USD, a year-on-year fall of 33.9 percent.

Meanwhile, 115 existing projects adjusted their investment capital with a total additional sum of 1.61 billion USD, or 2.5 times higher than the same time last year.

Capital contributions and shares purchases by foreign investors stood at 543.1 million USD, down 34.4 percent.

Japan topped the list of 46 countries and territories landing investment in Vietnam, with 1.64 billion USD, equivalent to nearly 30 percent of the total. Singapore came second with 1.07 billion USD, and the Republic of Korea third with 1.05 billion USD.

The ministry said the southern province of Can Tho lured the lion’s share of FDI with 1.31 billion USD, accounting for 24.2 percent of the total. Hai Phong city was the runner-up since it attracted nearly 918 million USD, or 16.8 percent. Bac Giang came third with nearly 573 million USD (10.5 percent)./.

An Giang boasts strengths in hi-tech agricultural development: Deputy PM

The Mekong Delta province of An Giang boasts strengths in economic development, especially high tech agriculture, Deputy Prime Minister Truong Hoa Binh said while attending a ground-breaking ceremony for a high tech dairy farm project of TH Group in Tri Ton district of the province on February 27.

The dairy cow farming model of TH Group, the largest scale in the region, is expected to become an exemplary model to be multiplied, he said.

The farm is hoped to help fulfil the target of having 500,000 milch cows across the country five years ahead of the deadline set in the master plan on agricultural development to 2020, vision to 2030, he noted.

Spanning 178.4 ha across Tri Ton district’s Vinh Gia and Vinh Phuoc communes, the project is carried out with an investment of nearly 2.66 trillion VND (115.2 million USD), making it the largest closed-loop system dairy project in Mekong Delta.

It includes a fresh milk factory capable of producing 135 tonnes daily.

On the same day, Deputy PM Binh paid a visit to a hi-tech hog farming project of the Truong Hai Auto Corporation (THACO)’s agricultural arm in Tinh Bien district.

The 50-ha project has been basically completed after nine months of construction. Its first phase will become operational by June while the construction of the second one is set to begin later this year, raising its capacity to 11,200 pigs in total.

On the occasion, a New Year tree-planting festival was held in the province in response to a campaign to grow 1 billion green trees between 2021 and 2025 launched by the Prime Minister./.

Deputy PM asks Thai Binh to facilitate Lien Ha Thai IP development

Deputy Prime Minister Trinh Dinh Dung has asked the northern province of Thai Binh and investors to create favourable conditions to draw projects to the Lien Ha Thai industrial park (GREEN iP-1).

During a conference announcing the Prime Minister and the provincial People’s Committee’s Decisions on the GREEN iP-1 on February 27, the Deputy PM instructed Thai Binh authorities and the IP investor to complete procedures in line with the law, including those regarding site clearance, compensation for resettlement, and social housing for workers.

He suggested Thai Binh review its economic structure with a view to adjusting it based on its strength as a coastal province and market demand at home and abroad, select priority projects regarding transportation, urban and rural infrastructure while stepping up administrative reform and creating a pro-business environment.

Deputy Prime Minister Trinh Dinh Dung hands over the PM’s Decision on GREEN iP-1 development (Photo: VNA)

Invested by Green i-Park JSC, the GREEN iP-1 is located in Thuy Lien commune and Diem Dien township of Thai Thuy district. It has a total investment of over 3.88 trillion VND (168.3 million USD).

Once operational, the 50-year project is expected to contribute to the development of the nation as well as Thai Binh and the Red River in particular.

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

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VIETNAM NEWS HEADLINES MARCH 4

March 4, 2021 by vietnamnet.vn

HCM City: early start proposed for over VND4.8 trillion traffic project

VIETNAM NEWS HEADLINES MARCH 4
Traffic congestion on Cong Hoa road

The Ho Chi Minh City management board for traffic works construction and investment has urged early completion of paperwork for construction on a road linking Tran Quoc Hoan and Cong Hoa roads to begin in December.

Costing more than 4.84 trillion VND (211.2 million USD), the project is slated to complete in July 2023, in conjunction with the completion of the Tan Son Nhat international airport’s Terminal 3

The project, approved in December 2019, includes the building of a six-lane 4km road, an intersection tunnel, and a 1,200m overpass in front of the Terminal 3.

Apart from the project, the city also conducting procedures to implement the expansion of Hoang Hoa Tham road and upgrading of Cong Hoa road around the Tan Son Nhat airport. The construction of both projects was initially set to begin in 2020 but it was delayed due to problems in site clearance./.

No COVID-19 infections logged on March 4 morning

Vietnam documented no COVID-19 cases in the past 12 hours to 6:00 am on March 4, keeping the national tally unchanged at 2,482 patients with 1,566 domestically-transmitted cases, according to the National Steering Committee for COVID-19 Prevention and Control.

The country has 51,572 people who came in close contact with COVID-19 patients or arrived from pandemic-hit areas under quarantine nationwide, including 533 at hospitals, 13,776 at other quarantine sites, and 37,263 at home.

Among the patients under treatment, 66 have tested negative for SARS-CoV-2 once, 37 twice, and 113 thrice.

The Treatment Sub-committee said that 1,898 patients have been declared clear of the coronavirus so far.

In a bid to live safely with the pandemic, people should strictly follow the Ministry of Health’s 5K message: khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering) and khai bao y te (health declaration)./.

Vietnam Airlines resumes HCM City – Van Don flights

National flag carrier Vietnam Airlines resumed flights between Ho Chi Minh City and Van Don International Airport in the northern province of Quang Ninh on March 3, the same day the airport was allowed to reopen after local COVID-19 outbreaks were put under control.

Flights from HCM City take off at 1:00pm and those from Van Don 3:45pm. All are operated on Airbus A321 with four-star services.

From March 3 to 17, one weekly flight will ply the route between the two destinations, on Wednesdays. Flight numbers will be increased to three a week, on Wednesdays, Fridays, and Sundays, from March 18 until the end of the year.

The resumption of the HCM City – Van Don flights is expected to help boost tourism in Quang Ninh and neighbouring provinces, said a representative from Vietnam Airlines, adding that the airline will cooperate with Quang Ninh to adopt measures to stimulate travel demand and revive local economy.

Vietnam Airlines launched the HCM City – Van Don air route in December 2018.

Van Don International Airport was temporarily shut down on January 29 after an airport security staff was confirmed positive for the novel coronavirus./.

Vietnam attending 52nd session of UN Statistical Commission

A report on national accounts was among the items presented by the General Statistics Office of Vietnam (GSO) at the ongoing 52nd session of the United Nations Statistical Commission (UNSC), GSO Director General Nguyen Thi Huong said.

According to Huong, the GSO has initially applied the System of National Accounts 2008 (2008 SNA), which is the latest version of the SNA adopted by the commission. This year, the office will implement a series of activities on national accounts, including the issuance of a guidebook on the classification of institutional sectors applicable to Vietnam’s statistics sector.

At the session, the GSO is also set to deliver a presentation concerning a report on the UN Committee of Experts on Business and Trade Statistics.

Huong said Vietnam supports orientations for changes to the manual on international merchandise trade statistics. The country requests the UN soon send its detailed plan for such changes to member nations and develop a related questionnaire to collect feedback.

Besides, the the GSO is also set to have a presentation to the high-level group for partnership, coordination and capacity-building regarding statistics for the 2030 Agenda for Sustainable Development.

Founded in 1947, the Statistical Commission consists of 24 UN member countries elected by the UN Economic and Social Council on the basis of equitable geographical distribution.

Due to the COVID-19 pandemic, this 52nd session is being held in a scaled-down virtual format, consisting of four two-hour informal meetings from March 1 to 3 and on March 5./.

Vietnam’s youngest heart transplant patient discharged from hospital

Seven-year-old L.X.H, the youngest-ever heart transplant recipient in Vietnam, has been discharged from hospital, the Hanoi-based Viet Duc Hospital said on March 3.

Before the surgery, the child, weighing only 16 kg, suffered from dilated cardiomyopathy and end-stage heart failure.

The patient received the heart from a 19-year-old brain-dead donor, with the surgery conducted on February 1.

The child’s mother thanked the family of the donor who, she said, has given her child a new life, and the dedication of doctors and nurses of the hospital.

This is the fifth heart transplant performed on a child at the hospital.

Viet Duc has performed five lung, 36 heart, 92 liver, and nearly 1,100 kidney transplants in total so far.

It is the leading centre nationwide for collecting and transplanting organs. All patients are healthy and have returned to daily living.

In March 2017, a 10-year-old boy in Hanoi became the smallest heart transplant patient at that time. After getting the heart from a brain-dead donor, he is now in a stable condition./.

HCMC metro’s driving instructor to receive salary of over VND500 million

Foreign experts providing training to drive the trains of HCMC’s first metro line, which connects the landmark Ben Thanh Market in downtown HCMC and the Suoi Tien Theme Park in District 9, would be paid a salary of over VND500 million each.

The salary was among the outcomes of the negotiation between the Management Authority for Urban Railways of HCMC (MAUR), which is the project’s investor, and NJPT, which is the project’s consulting unit, on signing the annex of Contract No.19 for the metro line.

MAUR suggested that the head expert receive 2.5 million Japanese yen per month, equal to some VND542 million, and other experts be paid 2.35 million Japanese yen, or VND509 million.

According to the investor, these are the lowest salary levels earmarked for foreign experts under an original contract that it signed with NJPT in 2007. Also, the salary amounts are equivalent to those of a project in Indonesia’s Jakarta and approved by the Japan International Cooperation Agency, which is the project’s sponsor.

For local experts who will teach the driving, the investor suggested the deployment of a lump sum contract. Besides this, the costs to organize driving tests for 58 metro drivers who are joining a training course to drive the trains will be worked out before the tests take place.

Aside from salaries for driving instructors, MAUR suggested the foreign experts of NJPT each receive an allowance of 11,500 Japanese yen per day, or some VND2.5 million. This amount is lower than NJPT’s previously suggested figure of 12,000 Japanese yen.

Seven new COVID-19 cases found on March 3 afternoon

Vietnam reported seven new COVID-19 cases in the past 12 hours to 6pm of March 3, including two imported ones in the Mekong Delta province of Kien Giang and five found in the northern province of Hai Duong.

According to the National Steering Committee for COVID-19 Prevention and Control, the imported cases were sent to quarantine immediately on February 28 after entering Kien Giang through the Ha Tien border gate. They are being treated at a medical centre in Ha Tien city.

Meanwhile, the five patients in Hai Duong were diagnosed positive for SARS-CoV-2 while undertaking quarantine at concentrated sites.

So far, the national count of COVID-19 cases has reached 2,482, including 1,566 domestically-transmitted cases.

The committee’s treatment sub-committee said a total of 1,898 patients have recovered so far.

Among active patients, 66 have tested for the coronavirus SARS-CoV-2 once, 37 twice and 113 thrice.

Meanwhile, 59,081 people who had close contact with COVID-19 patients or came from pandemic-hit areas are under quarantine nationwide, with 540 in hospitals, 13,424 in State-designated quarantine establishments, and 45,117 at home./.

Foreign arrivals decline by 99.1% over two months

Vietnam just welcomed a total of 28,700 foreign arrivals over the first two months of the year, representing a huge drop of 99.1% in comparison to the same period from 2020, according to the General Statistics Office (GSO).

The number of foreign arrivals reached 11,000 in February alone, down by 38.3% from January’s figures.

The GSO attributed the sharp fall to the serious impact of the COVID-19 pandemic, especially the resurgence of the virus in January, on the tourism industry.

The majority of foreign arrivals in the reviewed period were experts, technical workers, and drivers who transported goods on roads through border gates, according to the GSO.

In a recent report produced by the Vietnam National Administration of Tourism (VNAT), this year is likely to prove extremely challenging for the local tourism industry. Vietnam has yet to reopen its borders to international tourists due to COVID-19, therefore the number of foreign arrivals will remain low in the coming months.

Though Vietnam represents one of the bright spots for effectively controlling the spread of COVID-19, the local tourism industry has been greatly impacted by the pandemic.

Relic sites, sightseeing spots, and entertainment areas nationwide have been forced to shut down several times, with many travel agencies finding it difficult to do business amid COVID-19 fears.

The VNAT has recently carried out domestic travel stimulus schemes aimed at boosting online tourism advertisement through social networks, including YouTube, with the aim of helping the local tourism industry to recover in the post-COVID-19 period.

Southeast region speeds up major transport projects to relieve congestion

VIETNAM NEWS HEADLINES MARCH 4
The HCM City – Long Thành – Dầu Giây Expressway is expected to be widened to 10-12 lanes. The Ministry of Transport has urged localities in the southeast region to improve transport infrastructure over the next five years. — Photo courtesy of Đồng Nai Department of Transport

The Ministry of Transport has urged localities in the southeast region to speed up major transport projects by diversifying the sources of capital over the next five years.

Speaking at a recent online meeting, Nguyễn Văn Thể, Minister of Transport, said: “A lack of regional connectivity and overloaded roads at major gateways remains an issue in the region.”

Thể has urged localities in the region to speed up implementation of major projects in the region in the 2021-2025 period, with priority given to the expansion of HCM City – Long Thành – Dầu Giây expressway, and construction of Bến Lức – Long Thành expressway, Biên Hòa – Vũng Tàu expressway, HCM City – Mộc Bài, and Ring Roads 2 and 3.

Other projects include construction of the Long Thành – Thủ Thiêm light railway connecting HCM City to the new Long Thành airport, and the expansion of Provincial Road 25C from HCM City to Đồng Nai Province.

Recently, PM Nguyễn Xuân Phúc approved the Ministry of Transport’s proposal to give HCM City the authority to approve investment decisions for the HCM City-Mộc Bài Expressway.

The 53.5km-long expressway will link Ring Road No 3 in HCM City’s Hóc Môn District with Mộc Bài International Border Gate between Việt Nam and Cambodia in Tây Ninh Province.

The expressway project will be divided into two investment phases. Its total capital is estimated at nearly VNĐ13.6 trillion (US$586.8 million), including cost for site clearance sourced from the State budget.

The first stage will cost VNĐ10.7 trillion (($461.7 million) under a Public-Private Partnership investment.

Construction is expected to be completed by 2025 with at least four lanes, and will be expanded to six or eight lanes by 2045.

The HCM City Department of Transport has asked the Ministry of Planning and Investment to allocate VNĐ3.281 trillion in the 2021-2025 period to widen the HCM City – Long Thành – Dầu Giây Expressway and its surrounding roads.

Trần Văn Thi, director of the Mỹ Thuận Project Management Board, said that expansion of the expressway was urgently needed to ease overloading, especially when the Long Thành international airport opens at the end of 2025.

He said that a 24km section of the expressway, connecting HCM City with Long Thành international airport, should be implemented first.

He also asked the Ministry of Transport and the Ministry of Planning and Investment to allocate medium-term capital sources for the 2021-2025 period with priority given to the use of state budget or from official development assistance (ODA).

The southeast region, which accounts for 40 per cent of the country’s total budget revenue and 38 per cent GDP, is the focal economic region in Việt Nam, according to Thể.

It includes HCM City and Bà Rịa-Vũng Tàu, Bình Dương, Bình Phước, Đồng Nai, and Tây Ninh provinces. However, the region’s transport structure is far below the needs of its economic and social growth potential.

There are only two expressways in the region: the HCM City-Long Thành-Dầu Giây and HCM City-Trung Lương.

Road transport plays a key role in the region, serving about 80 per cent of all freight transport from the provinces in the region to HCM City, causing serious congestion on HCM City-Trung Lương Expressway and National Road 51.

The National Road 22 from HCM City to Tây Ninh Province has also become congested with the number of vehicles increasing by 8 per cent annually, according to the Ministry of Transport.

The Cái Mép – Thị Vải deep-water port in Bà Rịa – Vũng Tàu Province is the international gateway to the region. The port is one of more than 20 ports in the world that can be accessed by container ships of over 200,000 tonnes.

When the first phase of Long Thành international airport in Đồng Nai Province opens slated for 2025, a new hub of the aviation industry will be formed in the region.

Experts said the region should focus on investment in traffic infrastructure to enhance linkages between the port, the international airport and industrial parks in the region to boost socio-economic development.

Mekong Delta provinces step up COVID preventive measures as 2 test positive in Dong Thap

Mekong Delta provinces are tightening preventive measures against COVID-19, especially along land borders and coastal entry points, after Đồng Tháp Province reported two new cases.

On February 28 a 37-year-old man in Hậu Giang Province who worked aboard a barge bringing cargo from Cambodia’s Phnom Penh tested positive and was quarantined immediately.

He had arrived along with another man at the Thường Phước International Sea Port in Đồng Tháp’s Hồng Ngự District on February 26.

Authorities have identified three people who came into close contact with the patient.

Earlier, on February 23, the province’s COVID-19 task force quarantined a Vietnamese woman who had entered illegally from Cambodia with the disease.

Authorities traced 11 people who had been in contact with her.

The chairman of the province People’s Committee, Phạm Thiện Nghĩa, has instructed relevant agencies to tighten control over border and coastal entry points.

They should exchange information with their counterparts in neighbouring countries to make plans to preclude the spread of the disease, he said.

Border guards should set up a hotline for locals to report people coming from COVID-hit areas, he added.

Đoàn Tấn Bửu, People’s Committee vice chairman, said everyone entering from Cambodia have to be quarantined and tested.

The People’s Committee has approved the suspension of festivals and other events and closure of amusement places in Hồng Ngự and Tân Hồng districts and Hồng Ngự city.

Educational establishments will be closed from March 1 to 6.

At the border in the provinces of Long An, An Giang and Kiên Giang, soldiers are on duty on 24 hours a day at temporary checkpoints.

Nguyễn Văn Út, chairman of the Long An Province People’s Committee, has instructed border guards to tighten control, warning that a single person could spread the disease if not quarantined in time.

The province is seeking the private sector’s assistance to provide border guards with all the daily necessities they need, he added.

Lâm Minh Thành, chairman of the Kiên Giang Province People’s Committee, said relevant agencies have been instructed to ensure border guards get good mental and physical care to reassure them.

The province has received 80 soldiers from Đà Nẵng City and Bình Định Province for COVID prevention duty at coastal entry points.

It has 80 checkpoints at land and sea, and 11 boats patrol its coast to prevent COVID-19, smuggling and illegal entrants.

Between February 24 and 26 more than 150 people entered the province through the Hà Tiên City land border, and all were quarantined ad tested.

Border guards and other authorities disinfect goods brought in from Cambodia and transfer them to local vehicles for onward transport.

An Giang Province is doing the same thing.

Its People’s Committee plans to set up several task force teams to patrol the border.

Trần Hồng Quân, vice chairman of the Cà Mau Province People’s Committee, said though the province does not share land borders with other countries, its coastal waters are bordered by other countries, a cause for worry, and has instructed relevant agencies to be on high alert.

On March 1 health officials began to test employees of enterprises who are from other provinces.

All businesses with such employees would be tested, Quân added.

Thu Duc City asked to complete rearrangement of administrative units before mid-March

HCMC Chairman Nguyen Thanh Phong has told Thu Duc City and some districts to complete the rearrangement of agencies, units and organizations in the political system before March 16.

Speaking at a meet to deploy the National Assembly Standing Committee’s resolution on establishing Thu Duc City under the jurisdiction of HCMC and rearranging administrative units at the district and commune levels of the city, Phong told the leadership of Thu Duc City to promptly complete half-done tasks so that the city’s apparatus can operate smoothly.

Thu Duc City was also tasked with conducting a general review, mapping out plans for arranging the headquarters of its units and agencies in line with the prevailing regulations and reporting the results to the HCMC government for consideration, Tuoi Tre Online reported.

In addition, Thu Duc City was told to work with the HCMC Department of Planning and Investment and other relevant agencies to draft special development mechanisms for Thu Duc City and submit them for consideration.

The municipal Department of Information and Communications was also assigned to collaborate with the Thu Duc City government to review the information technology (IT) system and propose the construction of IT infrastructure to serve the administrative management for the entire political system.

The work will contribute to fulfilling the target of building a smart city in the coming years.

Incumbent, former directors of Can Tho Health Department prosecuted

VIETNAM NEWS HEADLINES MARCH 4
Bui Thi Le Phi (L) and Cao Minh Chu – PHOTO: MINISTRY OF PUBLIC SECURITY

Charges were also filed against nine leaders of companies appraising the prices of medical equipment, the local media reported.

Chu and four others‑‑ Ho Phuong Quynh, ex-member of the Can Tho Department of Health’s project management board; Nguyen Duy Hung and Nguyen Quoc Viet, ex-employees of BTC Valuation Joint Stock Company and Ta Thuong Xuan, ex-employee of Mediconsult Vietnam Joint Venture Co., Ltd‑‑are under house arrest.

Meanwhile, Phi; Hoang Thi Thuy Nga, former chairwoman of the establishment council of Neo Success Journey Group (NSJ Group); Le Huy Binh, former general director of NSJ Group; Luong Tan Thanh, ex-member of the Can Tho Department of Health’s project management board; Doan Thi No, former head of the project department at LTQ High Technology Co., Ltd and Le Thanh Hung, a salesman of NSJ Group, are in police custody.

According to the Ministry of Public Security, they were allegedly involved in two projects to tender medical equipment at the Can Tho Cardiovascular Hospital and the Can Tho Children’s Hospital. They were found to be allegedly violating regulations on ensuring fairness and transparency in purchasing medical equipment, causing huge losses for the State.

HCM City told to get creative to enhance gender equality

The HCM City Committee for the Advancement of Women and Gender Equality needs to take creative and effective approaches to ensure gender equality in every aspect, a city leader has said.

Võ Văn Hoan, deputy chairman of the People’s Committee, said efforts towards the advancement of women and gender equality need to be promoted with the involvement of all genders and agencies at all levels.

A hotline should be set up for victims of domestic violence and gender inequality, Hoan, who is also head of the HCM City Committee for the Advancement of Women and Gender Equality, said at a meeting to held to review implementation of the 2011–20 National Strategy on Gender Equality last Friday (Feb 26).

Trần Ngọc Sơn, deputy director of the city Department of Labour, Invalids and Social Affairs, said the city has seven goals for gender equality and the advancement of women in various areas, including economic, employment, education and training, healthcare, political participation, and the fight against human trafficking.

Over the last decade it has issued many policies and allocated funds to implement programmes to fulfil these goals, he said.

It also strived for international co-operation for women’s progress and gender equality with a series of programmes, he said.

But integrating gender concerns in the labour market and economic empowerment continue to face challenges due to a lack of concerted efforts by various agencies and inadequate data from social insurance agencies, he admitted.

Lê Thị Ngọc Dung of the city Department of Home Affairs said gender equality needs to be a highlight of the national human resources development strategy.

State agencies and businesses need to comply with regulations on the ratio of women staff and empower women’s leadership at the workplace, she said.

Women account for more than 51 per cent of the city’s nearly nine million population.

Charity house provides books, clothes for ethnic minorities in Nghệ An

Mong Văn Thành, a seventh-grader of Bắc Lý semi-boarding school for ethnic minorities, browses second-hand books and warm clothes at the charity house in Huồi Tráng 1 Village, Bắc Lý Commune, the central province of Nghệ An.

Thành said he arrived at the charity house in the early morning. He said he did not have enough books to study, so he hoped he could find some that he needed and more warm clothes to wear during the cold days.

Hundreds of other people from the two communes of Bắc Lý and Mỹ Lý also came to the charity house in recent days to search for necessities. Bắc Lý and Mỹ Lý are poor communes of the province’s Kỳ Sơn District where many ethnic minority people live.

The charity house opened on January 10 thanks to the efforts of soldiers of Mỹ Lý Border Guard Station under the provincial Border Guard Command to share difficulties with local poor residents.

Major Hoàng Thế Tài, of the border guard station, said the idea to open the charity house came after the station learned that more than 90 per cent of the local population were on the list of poor households.

Tài said local people mainly earned a living by farming.

The charity house, with the spirit of ‘Whoever needs, come to get it; whoever has enough, come to share it’ opens between Friday and Sunday every week. A person can take two items for free each time.  The items include books, clothes, rice, noodles, eggs and vegetables, he said.

The charity house, covering an area of 100 sq.m, was built by the soldiers over two months, he said.

Cụt Văn May, deputy chairman of the People’s Committee of Bắc Lý Commune, said the commune authorities welcomed the meaningful work of the border guard station and supported the soldier’s efforts.

Major Nguyễn Xuân Sơn, of Mỹ Lý Border Guard Station, who is in charge of running the charity house, said the charity house was very meaningful and a place to spread the spirit of sharing and kindness.

Books and clothes were sent by charity groups from across the country, rice and noodles were donated by soldiers of the station and vegetables were donated by some local residents, he said.

The soldiers of the station often donated instant noodles and rice, he said.

Besides, many kind-hearted people throughout the country have donated to the charity house. For example, Chu Thị Đức, chairwoman of Thiên Minh Đức Group in Vinh City, had donated many goods for the charity house, contributing to improving the lives of ethnic minorities in the two poor communes, he said.

The charity house not only helps local people overcome difficulties in their lives but also serves as a place the soldiers can meet the local people and explain the policies and laws of the Party and the State, he said.

The station plans to organise programmes for local residents to learn, exchange experiences in farming, help each other earn a living, take care of children, family planning and disease prevention, he said.

“All of these things aim to eradicate poverty and improve people’s knowledge in the two communes,” he said.

Đà Nẵng aims to become tourism hub of Viet Nam

Đà Nẵng plans to become a tourism and sea-based economic hub of Việt Nam by 2030 following its adjusted master plan with a vision to 2045.

Under the plan, the central city is projected to become a part of the global supply chain network and a gateway to the East-West Economic Corridor, leaders of Đà Nẵng reported at a meeting with Prime Minister Nguyễn Xuân Phúc in Hà Nội on Monday.

The city also hopes to become a special urban area in its long-term vision of becoming an international city. Its population by 2030 is expected to reach 1.79 million and the urban construction area will be about 31,800ha, accounting for more than 32 per cent of its mainland area.

PM Phúc applauded Đà Nẵng authorities’ efforts to work closely with ministries, agencies and to collect public opinions into making the master plan.

The city should aim to become a special city of Việt Nam to bring Đà Nẵng to a higher level in terms of both quality and development scale, the PM said.

The Government leader approved the plan to develop Đà Nẵng into a spearhead tourism city, a sea-based economic centre of Việt Nam, a gateway to the East-West Economic Corridor and a worth-living and safe city.

Regarding waste treatment, PM Phúc said this was an important issue for Đà Nẵng – a city with one of the most beautiful beaches in the region. The city should also have measures to deal with climate change.

He also asked for measures to prevent corruption in adjusting and implementing the master plan and have a proper supervision mechanism.

HCM City invests in six major environmental sanitation projects

The HCM City Urban Environment Company Limited (CITENCO) and HCM City Finance and Investment State-owned Company (HFIC) last week signed a strategic co-operation agreement to implement projects related to urban environmental sanitation during the 2021-2025 period.

Six projects with combined capital of VNĐ6 trillion (US$260.2 million) will be implemented under the agreement.

These include a 20-ha landfill site project at the Phước Hiệp waste treatment complex in Củ Chi District, a project to move a hazardous waste plant from Đông Thạnh commune in Hóc Môn District to Phước Hiệp waste treatment complex, and the second phase of the Đa Phước cemetery project in Bình Chánh District.

A project to build a plant for recycling and treatment of solid waste separated at source, and investments in equipment and vehicles for waste collecting, transportation and treatment services will also be carried out.

Around 9,500 tonnes of domestic solid waste are generated daily in the city, not including industrial waste, according to the city’s Department of Natural Resources and Environment.

The volume of domestic waste has risen by 10 per cent a year.

Only 2,000 tonnes are recycled, while the remaining 75 per cent of the waste is buried, resulting in environmental pollution and lower quality of life for city residents, said Huỳnh Minh Nhựt, director of CITENCO.

As a public utility enterprise under the management of the HCM City People’s Committee, CITENCO is one of the key units to perform tasks in the field of environmental sanitation, Nhựt said at the signing ceremony.

The six projects will be a focus of the company in the coming years to address the city’s sustainable development goals, Nhựt said.

Nguyễn Ngọc Hòa, chairman of HFIC’s Members’ Council, said investment in environmental projects for green growth and sustainable development is a feature of the company’s development orientation.

The cooperation between the two companies for investment in state-of-the-art vehicles, facilities and technology is vital to improve urban environmental sanitation, Hòa said.

Hanoi leader inspects works for SEA Games 31, ASEAN Para Games 11

VIETNAM NEWS HEADLINES MARCH 4
Secretary of the Hanoi municipal Party Committee Vuong Dinh Hue

He made the request while inspecting the city’s training of athletes and preparations for the competitions, as Hanoi will be the venue for the opening and closing ceremonies, and the competition of 25 out of 40 sport events in SEA Games 31 and all activities during ASEAN Para Games 11.

Deputy Director of the municipal Department of Culture and Sports Tran Thi Van Anh said almost all departments, agencies and authorities of Hanoi’s districts and communes have built their own plans on repairing and upgrading existing sport facilities at a total cost of over 597 billion VND (25.9 million USD), which is funded by the city’s budget. The work is expected to be completed before September 30 this year.

Secretary of the Hanoi municipal Party Committee Vuong Dinh Hue greets athletes on training (Photo: VNA)

Hue also asked for studying mechanisms and policies to recruit foreign coaches and talented athletes./.

First national forum held on engaging men in promoting gender equality

A national forum on “Engaging Men and Boys in the Promotion of Gender Equality and the Elimination of Gender-based Violence” was held for the first time in Hanoi with 200 delegates participating both online and in person.

The forum was jointly held by UN Women in Vietnam, the Institute for Social Development Studies (ISDS), and the Network for the Prevention of and Response to Gender Violence (GBVNet), with financial support from the Australian Government.

It offered an opportunity for organisations, groups, and men’s clubs in Vietnam to introduce and share lessons, experiences, and challenges in mobilising the participation of men in promoting gender equality as well as preventing and responding to violence against women and children, especially during COVID-19.

Delegates at the forum agreed to establish a network of men and boys participating in the promotion of gender equality and the elimination of gender-based violence in Vietnam.

In his address, UN Resident Coordinator in Vietnam Kamal Malhotra expressed his appreciation of the initiative, stressing that “with the active participation of men and women, I believe the process of achieving the gender equality goals in the Sustainable Development Agenda to 2030 will be accelerated in Vietnam. Because everyone has to promote gender equality, for everyone’s benefit.”

ISDS Deputy Director Tran Kien said that many Vietnamese men have realised that to avoid being left behind in the new era they must participate more in promoting gender equality and sharing opportunities with women.

This lies behind the establishment of a network of men and boys participating in the promotion of gender equality and the elimination of gender-based violence, Kien added.

Elisa Fernandez Saenz, Country Representative of UN Women in Vietnam, spoke highly of the success of men’s clubs in Da Nang and HCM City and welcomed the initiative to set up the network.

She expressed a belief that the network will spread positive attitudes about masculinity, change rigid gender norms, and help men ease the pressure caused by these norms and engage them in activities to promote gender equality and combat gender-based violence in Vietnam./.

Charity house provides books, clothes for ethnic minorities in Nghe An

Mong Van Thanh, a seventh-grader of Bac Ly semi-boarding school for ethnic minorities, browses second-hand books and warm clothes at the charity house in Huoi Trang 1 Village, Bac Ly Commune, the central province of Nghe An.

Thanh said he arrived at the charity house in the early morning. He said he did not have enough books to study, so he hoped he could find some that he needed and more warm clothes to wear during the cold days.

Hundreds of other people from the two communes of Bac Ly and My Ly also came to the charity house in recent days to search for necessities. Bac Ly and My Ly are poor communes of the province’s Ky Son District where many ethnic minority people live.

The charity house opened on January 10 thanks to the efforts of soldiers of the My Ly Border Guard Station under the provincial Border Guard Command to share difficulties with local poor residents.

Major Hoang The Tai, of the border guard station, said the idea to open the charity house came after the station learned that more than 90 percent of the local population were on the list of poor households. Local people mainly earned a living by farming.

The charity house, with the spirit of ‘Whoever needs, come to get it; whoever has enough, come to share it’ opens between Friday and Sunday every week. A person can take two items for free each time. The items include books, clothes, rice, noodles, eggs and vegetables, he said.

The charity house, covering an area of 100 sq.m, was built by the soldiers over two months, he said.

Cut Van May, Vice Chairman of the People’s Committee of Bac Ly Commune, said the commune authorities welcomed the meaningful work of the border guard station and supported the soldier’s efforts.

Major Nguyen Xuan Son, of the My Ly Border Guard Station, who is in charge of running the charity house, said the charity house was very meaningful and a place to spread the spirit of sharing and kindness.

Books and clothes were sent by charity groups from across the country, rice and noodles were donated by soldiers of the station and vegetables were donated by some local residents, he said.

The soldiers of the station often donated instant noodles and rice, he said.

Besides, many kind-hearted people throughout the country have donated to the charity house. For example, Chu Thi Duc, Chairwoman of Thien Minh Duc Group in Vinh City, had donated many goods for the charity house, contributing to improving the lives of ethnic minorities in the two poor communes, he said.

The charity house not only helps local people overcome difficulties in their lives but also serves as a place the soldiers can meet the local people and explain the policies and laws of the Party and the State, he said.

The station plans to organise programmes for local residents to learn, exchange experiences in farming, help each other earn a living, take care of children, family planning and disease prevention, he said.

“All of these things aim to eradicate poverty and improve people’s knowledge in the two communes,” he said./.

HCM City told to get creative to enhance gender equality

The Ho Chi Minh City Committee for the Advancement of Women and Gender Equality needs to take creative and effective approaches to ensure gender equality in every aspect, a city leader has said.

Vo Van Hoan, Vice Chairman of the municipal People’s Committee, said efforts towards the advancement of women and gender equality need to be promoted with the involvement of all genders and agencies at all levels.

A hotline should be set up for victims of domestic violence and gender inequality, Hoan, who is also head of the HCM City Committee for the Advancement of Women and Gender Equality, said at a meeting held to review implementation of the 2011–20 National Strategy on Gender Equality on February 26.

Tran Ngoc Son, deputy director of the city Department of Labour, Invalids and Social Affairs, said the city has seven goals for gender equality and the advancement of women in various areas, including economic, employment, education and training, healthcare, political participation, and the fight against human trafficking.

Over the last decade it has issued many policies and allocated funds to implement programmes to fulfill these goals, he said.

It also strived for international cooperation for women’s progress and gender equality with a series of programmes, he said.

But integrating gender concerns in the labour market and economic empowerment continue to face challenges due to a lack of concerted efforts by various agencies and inadequate data from social insurance agencies, he admitted.

Le Thi Ngoc Dung of the city Department of Home Affairs said gender equality needs to be a highlight of the national human resources development strategy.

State agencies and businesses need to comply with regulations on the ratio of women staff and empower women’s leadership at the workplace, she said.

Women account for more than 51 percent of the city’s nearly nine million population./.

Progress seen in settlement of wildlife crimes: insider

The detection and settlement of wildlife crimes in Vietnam have recoded strides over the last five years, according to Deputy Director of the Education for Nature Vietnam (ENV) Bui Thi Ha.

Talking to the Vietnam News Agency ahead of the World Wildlife Day (March 3), Ha highly valued many organisations’ assistance for authorities in monitoring violations.

However, she noted, there remain a number of challenges to the fight against wildlife crimes.

The discovery of infringements and seizure of prohibited goods are initial successes, but they are only useful when helping with the investigation into trafficking rings and ringleaders, she said.

Ha pointed out that although the legal system on the conservation and sustainable development of wild animals has been gradually completed, wildlife-related violations remain complex in some localities, posing higher extinction risks to many wild species in the nature and negatively affecting ecological balance, human health, and Vietnam’s prestige in the world.

In 2020, ENV recorded 2,907 wildlife-related violation cases, almost doubling the figure in 2019. Among them, there were 1,956 advertising cases, 863 caging cases, and 98 transportation ones.

Monkeys, bears, tigers, elephants, and pangolins are among the species involved in violations, ENV found.

Between 2015 and 2020, the number of uncovered and handled criminal cases related to wildlife rose 44 percent, showing an improvement in the settlement of wildlife crimes since the 2015 Penal Code, revised and supplemented in 2017, took effect on January 1, 2018, Ha said.

She added that since 2005, ENV has operated a free hotline for wild animal protection to receive people’s information about illegal wildlife trafficking, hunting, transport, and storage.

In the time ahead, the organisation will maintain this hotline and boost communications to raise public awareness of the issue and thus, reduce demand for wildlife products. It will also continue working with relevant agencies to help with the perfection of policies and laws related to wildlife, Ha added./.

HCM City accelerates digital transformation in governmental organisations

Ho Chi Minh City plans to accelerate digital transformation in governmental organisations and promote e-government to heighten the efficiency and quality of public service delivery.

This is among the tasks for the city in conducting a plan on enhancing the application of information technology in governmental organisations, promoting e-government and ensuring cybersecurity between 2021 and 2025.

To this end, the southern economic hub will focus on developing digital infrastructure serving governmental offices; creating open databases with easy and friendly access to increase transparency, towards e-government, a digital economy, and a digital society; and ensuring information safety and cybersecurity.

HCM City accelerates digital transformation in governmental organisations hinh anh 2

It will provide more public utility services for people and businesses and improve interaction between them and authorities. It will also encourage innovative ideas and the use of technology in resolving public issues and increasing public satisfaction in public service delivery./.

Phuong Anh named among hot picks of Miss International 2021 by Missosology

VIETNAM NEWS HEADLINES MARCH 4

As the world’s leading publication on beauty contests, Missosology has named Vietnamese representative Phuong Anh among its second hot picks for the upcoming Miss International 2021 pageant.

Phuong Anh features in second place in the overall list, followed by beauties from Kenya, the Czech Republic, and Mexico.

Valeria Estefanía Franceschi of Panama leads the way in Missology’s second hot picks.

The other contestants making up the Top 10 include the representatives from New Zealand, Venezuela, Costa Rica, Bolivia, and the United States.

Phuong Anh was named as the first runner-up of the Miss Vietnam 2020 pageant. Hailing from Ho Chi Minh City, the 23-year-old beauty stands at 1.77 metres tall with measurements of 87-61-93.

Saigon FC to play group stage of 2021 AFC Cup in Singapore

As one of the nation’s representatives in the 2021 Asian Football Confederation (AFC) Cup, Saigon FC will play their fixtures in the group stage of the competition in Singapore between June 22 and June 28.

The team have been drawn in Group H alongside Lion City Sailors FC of Singapore, Kedah Darul Aman FC of Malaysia, and the winners of an upcoming play-off match.

In addition to hosting games in Group H, Singapore will also host fixtures in Group I, with matches featuring Geylang International FC of Singapore, Terengganu FC of Malaysia, and Kaya–Iloilo of the Philippines.

Elsewhere in the tournament, Hanoi FC are due to play in Group G, although a host country for this group has yet to be identified.

In choosing a host for games in the group stage, the AFC expect that the host country only enforces a four-day isolation period for arrivals. This therefore ruled out Vietnam as a potential host for games due to the country implementing a 14-day quarantine period for arrivals.

Due to the impact of the novel coronavirus (COVID-19) pandemic, the AFC Cup group stage will see each group played on a single round-robin basis at centralised venues, as opposed to games being played across two legs at home and away as in previous years.

Hanoi culls 4,979 poultry in an effort to stem bird flu outbreak

Up to 4,979 poultry have been slaughtered across six districts of Hanoi following the detection of a bird flu infection spreading among local chickens.

The outbreaks were initially discovered in February at six households in five districts of the capital, including Gia Lam, Phu Xuyen, Dan Phuong, Phuc Tho, and Ba Vi.

Following this, the Hanoi People’s Committee immediately called on localities to ramp up preventive measures to prevent further bird flu cases. At present, the cause of the outbreaks has largely been put down to changing weather patterns.

Particularly the H5N6 virus is capable of poultry-to-human transmission and is potentially fatal to those who catch it. It spreads through contact with faeces or other bodily fluids from infected poultry.

Since first appearing in Vietnam in 2003, bird flu has killed at least 65 people, giving the country one of the highest fatality rates in the world for the virus. No human deaths have been reported over the last two years, although occasional outbreaks have led to thousands of birds being killed.

Child abuse remains a problem in Vietnam

The Department of Child Affairs will increase awareness-raising around child abuse.

According to the Ministry of Labour, Invalids and Social Affairs, more than 2,200 children were abused in 2020, a decrease of 209 cases compared to 2019. Of which 1,576 cases involved sexual abuse. In the latest case, a 12-year-old child in Ha Dong District was abused by her own mother and the mother’s boyfriend.

Nguyen Thi Kim Hoa, head of the Department of Child Affairs, said, “Even though the number went down a bit, the situation is still very complicated and even more severe. The violators are of all ages with varied educational backgrounds. Many of them have a close relationship with the children’s family.”

Child abuse is often found in families that lack a parent or do not have time to take care of their children. In some cases, the children were abused in their own home, classroom or by someone close to them. It’s very hard to detect such cases.

“Many victims and other people who know about the abuse didn’t dare to denounce the abusers. Many cases are not noticed by the neighbours,” Hoa said.

According to Hoa, there is a lack of awareness about the law on children. The number of both children and parents who know about children’s rights and abuse are still low. Despite the completed legal corridor, there have been implementation difficulties. In order to deal with the issue, the Department of Child Affairs has increased promotions of the law on children, held training courses, develop a local network on children protection, and persuade families to stop using violence to teach their children.

More inspections will be held and the head of an agency will be punished if they show neglect or violate the law on the prevention and fight against child abuse.

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

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