Prevent spread of covid 19

The park, located at a tourist sculpture tunnel at Tuyen Lam Lake National Tourist Complex, Da Lat city, Lam Dong province, has attracted the attention of locals and tourists from the first days after its launch.

It was initiated by Trinh Ba Dung, General Director of the Sculpture Tunnel Tourist Site, who also tells the story of Da Lat’s history with a complex of clay sculptures under a 1,200m-long tunnel at Tuyen Lam Lake National Tourist Complex.

The park lies under a pine forest canopy.

Mr. Dung is also the person that brought the Kilo submarine to the mountain, in the Submarine Tourism Area on the Mountain in Cam Lam district, Khanh Hoa province, with the model of a submarine same shape and size as the Kilo submarine of the army at Cam Ranh Port, by which he hopes to send the message that Vietnam is hospitable, peace-loving and ready to fight to protect the country.

“The world has admired Vietnam in its battle against the COVID-19 pandemic. I really appreciate the Vietnamese spirit and the Government’s decisive and timely leadership, which has brought about very good results. That helped me form the idea of building this park, thereby, continuing to send the message of a safe and peaceful Vietnam to international friends,” said Dung.

Mr. Trinh Ba Dung introduces a model to send the message of “Only leave your house when it is really necessary”.

On the large steel clock placed at the entrance, each hour is an anti-epidemic measure (keep distance, disinfection, medical declaration, wear face masks etc), essential items for epidemic prevention (field hospitals, disinfection spray, breathing apparatus, communication) and 12 o’clock features the Vietnamese people unanimously joining the Government to repel the epidemic.

The number 2021 also communicates a belief in the defeat of the coronavirus. At position 0 (2020) is standing the coronavirus. At number 1 (2021), there is a model featuring medical staff defeating the evil virus and bringing back joy. At the entrance, the name “COVID-19 Park” appears on the ground, meaning that when we bury COVID-19, life will be green.

The model reflecting faith in defeating COVID-19.

Ms. Vu Thi Hue, a tourist from Hai Phong, said: “This beautiful park built under a pine forest sends a very practical and meaningful message. Let us join hands to spread the message on disease prevention and control to make people more aware, and contributing more to repelling COVID-19 in the shortest time possible, bringing a peaceful life back.”

Uprooting the evil coronavirus.

Unanimously knocking-out COVID-19.

According to the owner of the park, the idea was something he wished to do for quite a long time, and after more than three months, his collaborators joined him in making 80 sculptures, followed by a theme to make everyone understand the story of Vietnam uniting and effectively fighting against COVID-19.

Antiseptic solution fighter “blowing” out COVID-19.

Covid-19 will have to surrender.

“The greatest value is the image and reputation of the nation in the fight against the pandemic. When there is a safe and reputable destination, many people in various fields will pay attention and look for it,” said Dung.

Inside the park, each cluster of sculptures represents each level of COVID-19 epidemic prevention and control, from the crude “weapons”, to science and technology advances and the quest to destroy the coronavirus, forcing it to surrender. The last area shows how human civilisation is the “supreme court on earth” in condemning the evil virus.

Sentencing of Covid-19.

Bringing COVID-19 to prison awaiting execution with a vaccine.

Taking her children to visit the park, Ms. Nguyen Thi Thu Hong from Ho Chi Minh City said: “This park is very meaningful, especially children. I find it very interesting and useful, as the messages from the models will add to the feeling of optimism regarding quickly destroying the epidemic.”

Currently the world is grappling with the epidemic, and “COVID-19 Park” is a spiritual dish reinforcing a belief in victory over the pandemic, introducing to international friends a safe and beautiful Da Lat as well as Vietnam.

Vietnam joining the world to smash the epidemic.

The Vietnamese stock market faces a successful year in terms of size and quality

Stable development

Tran Van Dung, chairman of the State Securities Commission of Vietnam, said Vietnam’s stock market plummeted at the beginning of 2020 as the Covid-19 pandemic pushed foreign investors into the net short position. But the market recovered in the final months of the year, with the VN-Index rising 14.9 percent compared to the beginning of 2020 and 67 percent against the rock bottom recorded in late March. The liquidity of the stock market improved significantly to an average trading value of nearly VND7.4 trillion, with the November and December average at VND10 trillion and VND14.8 trillion per trading session, respectively. The capitalization of Vietnam’s stock market also climbed to 84.3 percent of gross domestic product (GDP).

Total capital raised through the stock market hit VND384 trillion in 2020, a year-on-year increase of 20 percent. About 84 percent of large-scale public companies generated profits, a high rate amid the Covid-19 pandemic.

The bond and derivatives markets also recorded impressive growth. The State Treasury of Vietnam raised VND333 trillion through government bond auctions in 2020, an increase of 64 percent compared to a year ago, while the figure from the corporate bond market stood at VND400 trillion, equivalent to 14.7 percent of the overall GDP. Deposit interest rates declined from 4.51 percent per year in 2019 to 2.83 percent per year in 2020.

The positive results were attributed to the efforts of the State Securities Commission of Vietnam in issuing market-supportive policies and devising solutions to overcome difficulties facing businesses.

New opportunities

The Vietnamese stock market may experience complicated developments in 2021, depending on how the Covid-19 pandemic develops. In the face of the long-term impact of the pandemic, the world economy in general and the Vietnamese economy in particular need to be vigilant and wary.

With experience and initial success in preventing the spread of Covid-19, and the current economic potential, the Vietnamese stock market has been afforded new opportunities.

The new Law on Securities, Law on Investment and Law on Enterprises officially took effect on the first day of 2021, making the legal framework and investment environment more synchronous and transparent.

Dao Hong Duong, director of the PetroVietnam Securities Incorporated (PSI) Analysis Center, said governments and central banks around the world are pursuing an expansionary monetary policy and continuing to issue stimulus packages in order to promote post-pandemic economic growth. The Vietnamese stock market, therefore, will benefit from these factors.

As other investment channels, such as savings and gold, become less attractive in the eyes of investors due to lower interest rates and stagnation in the uptrend of gold prices, big money flows are being pumped into the stock market.

The State Securities Commission of Vietnam is planning additional solutions to develop the Vietnamese stock market further and improve its resilience. Specifically, the commission will continue to improve the legal framework and policies for the development of the Vietnamese stock market, including detailed instruction on the implementation of the 2019 Securities Law.

In addition, the commission will continue implementing synchronous measures and address market weaknesses so that Vietnam’s stock market can be upgraded from a frontier market to an emerging market.

Minister of Finance Dinh Tien Dung forecasts a successful year for the Vietnamese stock market in terms of size and quality. It will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic government management, Dung said.

Thanh Thanh

Vietnam saw no new COVID-19 case over the past 12 hours to 6am February 28, making the national tally unchanged at 2,432, according to the National Steering Committee for COVID-19 Prevention and Control.

Among the total, 1,530 were locally infected, including 837 cases since January 27.

A total 1,844 COVID-19 patients have recovered so far, and the death toll remains at 35.

Among those still under treatment, 32 have tested negative for SARS-CoV-2 once, 50 twice and 100 thrice.

By February 27 afternoon, 10 provinces and cities had gone through 14 consecutive days without new locally-infected cases of COVID-19.

As many as 63,054 people who had close contact with confirmed patients or returned from pandemic-hit regions are being quarantine across the country./.

First Vietnam medical achievement award calls 16 winners

The Voice of Ho Chi Minh City (VOH), the local official radio broadcasting station, together with the municipal Health Department hosted the first Vietnam medical achievement award ceremony on February 26 to honour 16 contributions to the community’s wellbeing in 2020 from across the nation.

The contributions were voted by the public from 22 nominations selected by the award’s council of professionals. Three months after its launch, the award received more than 60 nominations from medical facilities nationwide.

Among the winners were the work of doctors at the Cu Chi COVID-19 treatment hospital – the first of its kind in Vietnam, and medical staff at the HCM City Centre for Diseases Control. Since the pandemic begin in the country, hundreds of medical workers in Ho Chi Minh City have taken turns to be at the hospital, while preventive medicine workers at the centre have worked day and night on contact-tracing and testing sample collection.

Another was the operation that separated 16-month-old conjoined twins – Truc Nhi and Dieu Nhi, with the sisters now able to walk on their own. The surgery was performed by 93 doctors and nurses.

VOH Director Le Cong Dong said the award is now an annual event in celebration of Vietnamese Doctors’ Day (February 27).

Duong Anh Duc, Vice Chairman of the municipal People’s Committee, hoped the award will encourage more contributions to the health of the community to be made in the future./.

Sapa – Safe destination during epidemic

Sapa has always been among the most popular destinations for tourists during the Lunar New Year (Tet) holiday, and despite COVID-19 still raging around the world, the northern hill town again greeted a large number of visitors this time around.

Lao Cai province in general and Sapa in particular are considered safe, with zero cases of community transmission of the coronavirus. As a key tourism destination in the province, Sapa quickly adopted COVID-19 prevention measures at the beginning of the outbreak. Thanks to this, it was still able to welcome a huge number of visitors during the recent Lunar New Year holiday, with 60% of accommodation providers and restaurants open for business.

Every hotel and restaurant in town has carried out sanitation processes and strictly followed safety measures to protect visitors.

With mesmerising natural landscapes along with appropriate measures being carried out by local authorities, Sapa was one of the most popular and safest destinations in the country during the recent holiday./.

Aid offered for development of homegrown COVID-19 vaccine

The Ministry of Health (MoH) on February 27 received 20 billion VND (866,620 USD) from conglomerate Vingroup for the clinical trials of homegrown COVID-19 vaccine COVIVAC.

The candidate vaccine is being developed by the MoH’s Institute of Vaccines and Medical Biologicals (IVAC).

Speaking at the handover ceremony, Minister of Health Nguyen Thanh Long spoke highly of the support of enterprises, organisations and individuals for Vietnam’s fight against the COVID-19 pandemic.

The first “Made-in-Vietnam” ventilators were produced under the collaboration of the ministry and Vingroup, he noted, adding that the machines have been provided to localities nationwide.

Vietnamese scientists have regarded vaccine development as the key factor to contain the pandemic, and the MoH has spared no efforts in the research for vaccine in order to be able to produce the vaccine as soon as possible.

The COVIVAC vaccine project has been rolled out since May 2020.

Results of pre-clinical trials affirmed its safety and efficiency, and the IVAC has been able to produce three batches of vaccine consisting between 50,000 and 10,000 doses each.

Clinical trials of the vaccines are projected to start this March and complete by October, said IVAC Director Dr Duong Huu Thai.

A dose may cost no higher than 60,000 VND and the vaccine is effective against emerging coronavirus SARS-CoV-2 variants originated from the UK and South Africa, he affirmed.

Meanwhile, the third domestic candidate vaccine VABIOTECH developed by the Company for Vaccine and Biological Production No 1, is also set to enter clinical trials in the coming time./.

Politburo holds meeting with former Party officials

The Politburo and the Party Central Committee’s Secretariat hosted a gathering in Hanoi on February 27 with former members of the 12th Politburo, the Party Central Committee’s Secretariat and Party Central Committee.

Chairing the event, Party General Secretary and State President Nguyen Phu Trong said the Politburo and Secretariat highly value the great contributions that the former officials have made to the Party, people and country during the time they held important positions in central and local agencies.

He highlighted that the country had reaped comprehensive achievements last year. The entire Party, people and army stood united and fulfilled the working programme for the tenure.

After the 13th National Party Congress, the people have demonstrated their trust in the Party’s leadership and the country’s future, despite the impact of the pandemic.

The Party chief wished that the former Party officials will continue to make contributions to the Party, people and nation, and lend their experience in addressing important issues of the country.

Participants expressed their belief that the 13th Politburo, Secretariat and Party Central Committee will lead the country to a higher development level in the near future.

They pledged to continue contributing to the Party’s cause and strengthening solidarity in the Party.

Expressing pride in being a Party member, they vowed to set examples and lead the way in implementing the Party’s policies, mechanism and resolutions to build a prosperous country with democratic, equal and civilized society./.

US pledges to enhance cooperation with Mekong subregion’s countries

The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Atul Keshap said at a recent online seminar to reveal results of a report on transboundary rivers and addressing challenges in Mekong River.

The report was based on outcomes of a virtual Indo-Pacific conference on enhancing management of transboundary rivers hosted by the East-West Centre last October.

Speakers at the event said that the Mekong subregion is facing challenges in security, development and climate change.

Keshap expressed the US’s concerns over impacts of hydropower dams in the Mekong River’s upper reaches on food security, economic development and environmental conditions of countries in lower reaches.

The US highly appreciates Vietnam’s efforts in pushing ASEAN’s cooperation to help the Mekong subregion cope with such challenges, he said.

Congressman Ted Lieu also affirmed that the US Congress wants the US government to further boost cooperation with the Mekong sub-region via the US-Mekong partnership. Since the launch of the Lower Mekong Initiative in 2009, the US has earmarked 3.5 billion USD for countries in Mekong River’s lower reaches.

At the event, Vietnamese Ambassador to the US Ha Kim Ngoc underscored the significance of water security, especially transboundary water resources, to peace and prosperity in the region.

Countries in the Mekong subregion share responsibilities for the use and management of Mekong River’s water resources in a sustainable manner in a bid to offset impacts on development and the environment, he added.

The diplomat affirmed that Vietnam is always a responsible member in joint efforts to cope with challenges in environmental issues, climate change, economic development and security in the Mekong subregion.

He proposed that countries work together to build regulations and legally binding frameworks to manage transboundary rivers.

He also called on the US and other partners to invest in the region in the spheres of energy, infrastructure, climate change adaptation and sustainable development./.

Bars and beer clubs on Bui Vien pedestrian street of HCM City

The municipal People’s Committee has ordered continued closure of dance halls, bars, karaoke parlours, pubs, beer clubs, and facilities for indoor sports activities like gym, fitness, billiards, and yoga centres.

Others not included in this list can be reopened but have to carry out all anti-coronavirus measures regulated by health authorities.

Besides, the set of safety assessment criteria in COVID-19 prevention and control must be seriously implemented in the fields of tourism, transport, and restaurant services, as well as at wholesale and retail markets, supermarkets, trade centres, relic sites, and libraries.

A distance of at least one metre from each other must be kept in those activities, and food service supplying establishments are not permitted to serve more than 30 people at the same time, according to the administration.

Meanwhile, religious activities and rituals at local places of worship can take place with no more than 50 participants at the same time. They also have to comply with other disease prevention measures regulated by the health sector, the People’s Committee said.

Earlier, the committee also permitted schools across the city to be reopened from March 1.

On February 23, the lockdown on an apartment block in Ward 13 of Tan Binh district was lifted. This was the last of the 35 sealed-off sites that had their COVID-19 lockdown removed in HCM City./.

Campaigns to provide 90,000 job opportunities to Vietnamese youngsters

The Ho Chi Minh Communist Youth Union’s Hanoi chapter has cooperated with recruitment platform TopCV.vn  to launch a campaign to provide 90,000 job opportunities to Vietnamese students and youngsters in and outside the country.

Running from March 1 to September 1, the campaign aims to support the youngsters and students to connect with enterprises having recruitment demands, while bringing more employment and internship chances to them, said Deputy Secretary of the chapter Tran Quang Hung.

Hung said that the campaign will assist 5 million young people in Hanoi and Hai Duong and Vietnamese students abroad to seek suitable employment, while helping them design curriculum vitae and necessary job applying skills.

Besides, it will support colleges and universities to link with companies having recruitment demands on TopCV.vn.

A number of online job bazaars will be organised, while a series of online training courses will be held to equip job seekers with skills to apply for employment, added Hung./.

PM asks for timely, transparent COVID-19 vaccine distribution

Prime Minister Nguyen Xuan Phuc has asked the Health Ministry to take responsibility for importing, receiving and distributing COVID-19 vaccines in a timely and transparent manner in line with instructions of the Politburo and Party Central Committee’s Secretariat.

The request was noted in Notice No.31/TB-VPCP dated February 25 along with other instructions that the Government leader made at a meeting of permanent Government members on pandemic prevention work.

The Health Ministry must work with the Foreign Ministry, especially Vietnamese embassies abroad, to access vaccine suppliers.

Vaccination for priority cases must be conducted quickly in accordance with the Government’s Resolution.

The PM also agreed with proposals by a number of localities including Hanoi and Hai Phong on buying vaccines using private financial sources.

Authorities of centrally-run cities and provinces are required to take the initiative in adopting suitable prevention and control measures based on the level of risk in each area, while ensuring smooth flows of goods, production and trade, thus minimizing negative impacts on trade and production and people’s lives.

The PM also demanded the strict enforcement of the 5K principle, especially the wearing of face masks, and pandemic prevention rules at workplaces, factories and trade and public facilities.

Authorities of pandemic-hit localities, especially Hai Duong and Hai Phong, must continue contact tracing, quarantining and testing in order to prevent any outbreak from spreading.

The Transport Ministry was assigned to partner with the Ministry of Industry and Trade (MoIT) and the Health Ministry to issue regulations on ensuring safety in transportation to/from and in pandemic-hit areas, particularly in key economic areas such as Hai Phong, Quang Ninh and Hai Duong.

The MoIT will be responsible for working with the Ministry of Agriculture and Rural Development and the Health Ministry to regulate the procedures for buying farm produce from pandemic-affected areas.

The PM assigned Deputy Prime Minister Pham Binh Minh to direct the repatriation of citizens from abroad and conduct timely quarantine in line with regulations./.

First 35 volunteers receive injections of home-grown COVID-19 vaccine in second-stage trial

The first 35 volunteers received injections of the home-grown Nano Covax in the second phase of human trial at the Military Medical University on February 26.

Developed by the Nanogen Pharmaceutical Biotechnology JSC and the Military Medical University, Nanocovax is Vietnam’s first COVID-19 vaccine to reach the human trial stage.

The 35 volunteers were chosen among about 300 people who registered to participate in the second-stage trial of the vaccine at the University after undergoing rigorous medical examinations. They are divided into three groups for receiving three different doses of 25mcg, 50mcg and 75mcg, and one group with five people getting placebo.

According to a representative from the University, a total 560 volunteers, aged 18-60, including those with several diseases such as hypertension, dyslipidemia and diabetes, among others, will participate in the second-stage trial, which is carried out in Hanoi and the Mekong Delta province of Long An.

Lieutenant-General Do Quyet, Director of the Military Medical University, said since the trial sees the participation of volunteers with underlying health conditions, competent authorities have been prepared for all scenarios and ensure safety for all volunteers.

Results of the trial will be announced in May 2021 before preparing for the third-stage trial during which only one single shot of the vaccine will be administered to 10,000-15,000 people from both domestic and foreign pandemic-hit regions, Quyet added.

Present at the second-stage trial of Nano Covax at Military Medical University, Deputy Prime Minister Vu Duc Dam encouraged the volunteers and the medical workers, while expressing his firm belief in the ability of the Vietnamese scientists in successfully developing COVID-19 vaccines.

The first-stage trial of the Nano Covax vaccine showed that it is likely to be effective against B117 variant from the UK.

Vietnam is one among 40 countries in the world that have started human trials of a COVID-19 vaccine, after successfully producing coronavirus test kits early into the pandemic.

The country also has several other COVID-19 candidate vaccines being developed, which are IVAC by the Institute of Vaccines and Medical Biologicals, VABIOTECH by the Company for Vaccine and Biological Production No 1, and POLYVAC by the Centre for Research and Production of Vaccines and Biologicals./.

First Hanoi market to be installed with solar panels

The government of Hanoi has approved a pilot project to install rooftop solar power panels for the iconic Dong Xuan Market in Hoan Kiem District, making it the first wet market in the capital city to be equipped with the solar power system, aimed at saving energy and reducing carbon dioxide emissions.

The market will be installed with 600 solar panels, which account for 18% of total area of the market’s roof. The system will generate 198 kWp of electricity.

The project is funded by the German non-profit limited company Engagement Global’s Servicestelle Kommunen in der Einen Welt (SKEW) through the following activities: enhancing the qualification and skills of employees of the district, which is in charge of operating and managing the pilot project using renewable energy; protecting the environment, saving energy, and using clean energy.

The project requires over 274,000 euros (US$333,000) in investment, with over 246,000 euros being provided by the German firm and the remaining amount being mobilized from legal sources by the district’s government. The project would be implemented from the date it was approved by the authorities to November 30, 2022.

After the pilot project is completed and proves effective, Hanoi will scale up the project to other places in the district.

Further, the government of Hanoi tasked the departments of Science and Technology, Industry and Trade, Natural Resources and Environment, Police and the Hanoi Power Corporation with instructing the project’s investor to conduct investment procedures, electricity connection, measuring and pricing activities in line with the prime minister’s decision on encouraging the development of solar power in Vietnam.

Trial on violations at Phu Tho ethanol plant to open on March 8

The Hanoi People’s Court will open a 10-day trial on March 8 to hear a case of violations of regulations on investment in construction works, causing serious consequences, at an ethanol plant in the northern province of Phu Tho.

The 12 defendants include former Chairman of the Board of Directors of the Vietnam National Oil and Gas Group (PetroVietnam) Dinh La Thang, former Chairman of the Board of Directors and former General Director of the PetroVietnam Construction JSC (PVC) Trinh Xuan Thanh, former General Director of the PetroVietnam PetroChemicals and Biofuel JSC (PVB) Vu Thanh Ha, former General Deputy Director of PetroVietnam Tran Thi Binh, former General Director of PVC Pham Xuan Dieu, former Deputy General Director of PVC Nguyen Ngoc Dung, former head of PVC’s economic and planning board Do Van Quang, former deputy head of PVB’s investment office Nguyen Xuan Thuy, former deputy head of PVB’s commercial office Khuong Anh Tuan, former head of PVB’s business office Le Thanh Thai, former chief accountant at PVB Hoang Dinh Tam, and Chairman of the Board of Directors and General Director of the Kinh Bac Petroleum Construction and Investment JSC Do Van Hong.

Trinh Xuan Thanh has been charged with “violating regulations on investment in construction works, causing serious consequences”, under Article 224, Clause 3 of the Criminal Code 2015, and “abusing position and power while performing duties” under Article 356, Clause 3.

Do Van Hong has been charged with “abusing position and power while performing duties”.

The 10  remaining defendants are facing charges of “violating regulations on investment in construction works, causing serious consequences”.

According to the indictment, Thang signed a resolution to approve the investment in the project in October 2007. With Thanh’s support, PVC/Alfa Laval/Delta-T joint contractors, who had no previous experience in carrying out ethanol projects, were assigned to be in charge of the project.

As a result, the project was continuously lagged behind schedule and stopped in March 2013 with no construction items done.

Wrongdoings of the defendants were said to cause a loss of more than 543 billion VND (23.49 million USD) for PVB./.

Vinh Phuc moves towards sustainable population development

The northern province of Vinh Phuc plans to have its entire population managed by the national population database system.

Under the province’s population strategy in the 2021-2025 period, it will provide health insurance and offer medical examinations and treatment to all elderly people at home and in healthcare facilities.

Vinh Phuc aims to maintain a reasonable age structure, with the ratio of children under 15 years old to be 23.5 percent and people aged 65 and over to be 9 percent.

It will bring the fertility rate closer to the replacement fertility level, increase the rate of women of reproductive age having convenient access to modern contraception and support in reproductive health to 95 percent, and halve the number of unwanted pregnancies.

The province aims to have 70 percent of young men and women obtaining health advice and check-ups before marriage, 50 percent of pregnant women being screened for at least four of the most common birth defects, and 70 percent of new-born babies being screened for at least the five most common congenital diseases.

It expects to see life expectancy of 75 years, while the urban population rate is to stand at 50 percent of the total.

The province is working to fully tap into its “golden population structure”, adapt to population aging, and improve quality of the population, thus contributing to its socio-economic development.

To reach these targets, provincial authorities will focus on improving mechanisms, policies, and laws on population, and bolstering the quality of population-related services.

It also has policies to encourage organisations, businesses, individuals, and production and distribution establishments to provide population-related services./.

Investors confident in Vietnam’s innovative startup ecosystem

Investors are confident in the potential of Vietnam’s innovative startup ecosystem, and believe the country will become a big investment market in the region and the world, according to head of the Vietnam representative office of Genesia Ventures, an investment fund of Japan, Hoang Thi Kim Dung.

According to a report published by Do Ventures – a venture capital fund that focuses on making investments in tech startups in Vietnam and Southeast Asia – in 2020, Vietnam’s innovative startup ecosystem ranked third in Southeast Asia, after Singapore and Indonesia.

Vietnam’s national innovation startup ecosystem is likely to earn a berth in the top 15 emerging ones in the Asia-Pacific region by 2030, the report said.

The Prime Minister in 2016 approved a project to support the national innovative startup ecosystem through 2025 under Decision No. 844/ QD-TTg (Project 844), which was designed to promote and support the formation and development of startup projects or startup enterprises and urgently complete the legal system to support innovative startups.

To further promote the development of Vietnam’s innovative startup ecosystem in an intensive manner, recently the PM has approved the amending and supplementing of a number of articles in Decision No 844/QD-TTg.

Vietnam hopes to establish international cooperation programmes with partners in at least five prestigious innovative startup ecosystems in the world by 2025, and attract more foreign resources to support domestic innovation startups.

According to statistics from the Project 844’s office, there are nearly 100 venture capital funds in Vietnam, including about 20 domestic funds. Each investment fund has different networks and strengths, so startups need to thoroughly research and group potential investors in accordance with their development orientation and goals./.

Vietnamese airlines gear up to transport COVID-19 vaccine

National flag carrier Vietnam Airlines and Bamboo Airways have said they are well prepared for the transport of COVID-19 vaccines for local pandemic prevention.

Bamboo Airways have put necessary resources in place for a couple of months, including the best possible means of transport, standardised vaccine storage, and effective arrangement of human resources.

A representative from the carrier said that wide-body aircraft Boeing 787-9 Dreamliner will be deployed for the mission, while staff with considerable experience will serve on the flights carrying COVID-19 vaccines.

Rehearsal was held regularly to ensure smooth transport of the vaccines, the representative said, adding logistics services, warehouses and refrigerated containers are ready for the mission as well.

Bamboo Airways also has experience in transporting critical goods to Northeast Asia, Europe, the Middle East and Australia. The carrier has receive good response from its customers and logistics firms.

In the meantime, Vietnam Airlines has proposed it be officially permitted by authorised health agencies to transport COVID-19 vaccines from overseas.

The carrier said it has prepared all necessary resources to meet the strictest requirements on vaccine transportation by air. It has sufficient logistics services, modern cold storage systems, and trained human resources that meet international standards.

It is ready to introduce refrigerated container services for carrying vaccines, as poor preservation can affect quality and efficiency.

The carrier will also set up a specialised unit to perform these tasks.

Vietnam Airlines also has experience in transporting medical supplies, such as medicine and surgical instruments, as wells organs for transplant, even in time-sensitive emergencies.

It can deploy a fleet of wide-body aircraft such as Airbus A350s and Boeing 787s to transport large quantities of vaccines.

Transporting COVID-19 vaccine is seen as a century mission of the global aviation sector.

In Vietnam, ensuring sufficient COVID-19 vaccine supply in 2021 is a priority of the Ministry of Health and competent ministries and sector.

The Ministry of Health said it is working to secure 90 million COVID-19 doses this year, and to implement the biggest vaccination drive in Vietnam’s history./.

Australian-funded course helps improve social work for abused women, children amid COVID-19

More than 30 consultants and social workers, on February 26, began a three-day Australian-funded course that helps them improve their work toward abused women and children during the current time of pandemic.

Sponsored by the Australian Government, the course is co-organised by the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and Vietnam’s Centre for Women and Development (CWD) as part of a project on emergency response to violence against women and children amid COVID-19.

Participants are currently working at the CWD in Ho Chi Minh City and Da Nang, as well as hospitals and social centres in the two cities.

During the training session, they will be provided with knowledge and skills to identify symptoms of stress and types of psychological trauma as well as practice some first aid and psychological care methods.

Statistics showed that, in the context of the pandemic, the rate of violence against women and children in Vietnam and in the world has increased by between 30 and 300 percent.

Nguyen Thi Thu Hoai, a social worker at CWD, said amid surging number of calls to a CWD hotline for abused women and children in conjunction with the pandemic happening, knowledge from the course will help her better approach and support the victims to soon ease their trauma./.

Vice President presents title of “People’s Doctor” to five doctors

A ceremony was held in Hanoi on February 26 to present the title of “People’s Doctor” to five lecturers of the Hanoi Medical University on the occasion of the Vietnamese Doctors’ Day (February 27).

Vice President Dang Thi Ngoc Thinh presented the title of “People’s Doctor” to Associate Prof. Dr. Tran Huu Binh; Associate Prof, Dr. Doan Quoc Hung; Associate Prof. Dr. Nguyen Quang Tuan; Associate Prof. Dr. Nguyen Huu Uoc, and Associate Prof. Dr. Nguyen Kim Viet. They are former and incumbent leaders of important faculties and institutes of different central hospitals.

Associate Prof. Dr. Doan Quoc Hung, Vice Principal of the Hanoi Medical University, said that he is proud of his contributions to the health sector and the caring for people’s health and the community as a doctor and a teacher.

Authorities of Saint Petersburg city updated with result of 13th National Party Congress

The Party Central Committee’s Commission for External Relations held a teleconference on February 25 to inform authorities of Saint Petersburg city and several agencies in Russia about the results of the 13th National Party Congress.

Speaking at the event, head of the commission Hoang Binh Quan briefed the participants on the freshly-concluded congress’s main outcomes, including the review of the implementation of the 12th congress’ Resolution, achievements during 35-year reform and 30-year implementation of the Platform on national development.

He also shared vision, goals, development orientations, tasks and measures decided by the 13th National Party Congress and personnel work.

About external policy for the tenure of the Congress, he affirmed that Vietnam continues the consistent external policy of independence, self-reliance, multilateralisation and diversification of external relations, active and proactive global integration, while maintaining an environment of peace and stability, and further improve Vietnam’s position and prestige on international arena.

The Vietnamese Party and State consistently treasure traditional ties and comprehensive strategic partnership with Russia, he said.

Participants said documents at the Congress reflect the strong will of the Vietnamese Party and people for a country of prosperity and well-being for citizens. They also highly valued Vietnam’s achievements in the cause of national construction and development.

Vice Governor of Saint Petersburg N.Bondarenko vowed to work with Vietnam to improve the efficiency of bilateral cooperation, step up practical projects in the fields of economy, trade, investment, tourism and people-to-people exchange, especially among the young generation.

Both sides also discussed orientations and several specific cooperation plans in the near future./.

Da Nang working to preserve, develop Cham relics

Leaders in the central city of Da Nang recently handed over a certificate to authorities in Hoa Tho Dong ward in Cam Le district recognising the Cham Phong Le archaeological site as a city-level relic, in an effort to improve the management and preservation of the site.

Vice Chairman of the municipal People’s Committee Le Quang Nam said the city is now home to two national special, 17 national, and 60 city-level relics.

Of these, only Cham Phong Le is named an archaeological relic, demonstrating its importance and exceptional values.

Excavations and studies reveal it is a large-scale architectural construction and part of the Cham tower system in the central region. The lives of Cham people in Amaravati land, as they called the area around Da Nang, between the 10th and 12th centuries are reflected through unearthed exhibits.

Nam took the occasion to request that Cam Le district leaders, people, and relevant agencies work together in the conservation and development of the relics.

The site was discovered by local residents in April 2011. The foundations of a brick construction and other elements were then found during an excavation by the Da Nang Museum of Cham Sculpture.

After three excavations on nearly 790 sq m, the entire scale and basic structure of a large Cham tower was exposed.

It is believed to be have been built by the Cham in early 10th century and remained a place of worship until the 12th century at least.

The Champa Kingdom, from where the Cham ethnic minority people originated, ruled what is today Vietnam’s central coastal region between the 4th and 13th centuries.

They built a range of distinctive towers across the kingdom. Some still stand today, such as Po Nagar in Nha Trang, Khanh Hoa province, Po Klong Garai and Po Rome in Ninh Thuan province, Nhan tower in Phu Yen province, and, especially, the 21 towers at the UNESCO-recognised My Son Sanctuary in Quang Nam province./.

Vice President presents title of “People’s Doctor” to five doctors

A ceremony was held in Hanoi on February 26 to present the title of “People’s Doctor” to five lecturers of the Hanoi Medical University on the occasion of the Vietnamese Doctors’ Day (February 27).

Vice President Dang Thi Ngoc Thinh presented the title of “People’s Doctor” to Associate Prof. Dr. Tran Huu Binh; Associate Prof, Dr. Doan Quoc Hung; Associate Prof. Dr. Nguyen Quang Tuan; Associate Prof. Dr. Nguyen Huu Uoc, and Associate Prof. Dr. Nguyen Kim Viet. They are former and incumbent leaders of important faculties and institutes of different central hospitals.

Associate Prof. Dr. Doan Quoc Hung, Vice Principal of the Hanoi Medical University, said that he is proud of his contributions to the health sector and the caring for people’s health and the community as a doctor and a teacher.

Australian-funded course helps improve social work for abused women, children amid COVID-19

More than 30 consultants and social workers, on February 26, began a three-day Australian-funded course that helps them improve their work toward abused women and children during the current time of pandemic.

Sponsored by the Australian Government, the course is co-organised by the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and Vietnam’s Centre for Women and Development (CWD) as part of a project on emergency response to violence against women and children amid COVID-19.

Participants are currently working at the CWD in Ho Chi Minh City and Da Nang, as well as hospitals and social centres in the two cities.

During the training session, they will be provided with knowledge and skills to identify symptoms of stress and types of psychological trauma as well as practice some first aid and psychological care methods.

Statistics showed that, in the context of the pandemic, the rate of violence against women and children in Vietnam and in the world has increased by between 30 and 300 percent.

Nguyen Thi Thu Hoai, a social worker at CWD, said amid surging number of calls to a CWD hotline for abused women and children in conjunction with the pandemic happening, knowledge from the course will help her better approach and support the victims to soon ease their trauma./.

GEF-funded project proves effective

The “Energy Efficiency Improvement in Commercial and High-Rise Residential Buildings in Vietnam” (EECB) project is expected to complete some of its commitments in 2021.

Funded by the Global Environment Facility (GEF) through the UN Development Programme (UNDP), the project’s goals are to reduce the intensity of greenhouse gas emissions from Vietnam’s building sector and to improve energy utilisation at commercial and high-rise residential buildings in HCM City and Hanoi.

Completion will be achieved through the implementation of the three following components: improved enforcement of energy efficiency building codes, building market development support initiatives, and building EE technology applications and replications.

Each component comprises a number of complementary activities designed to remove barriers to the stringent enforcement of the revised EEBC, and for the greater uptake of energy-efficient technologies, systems, and practices in commercial and residential buildings.

Vu Ngoc Anh, Director of the Science and Technology and Environment Department at the Ministry of Construction, who is also EECB director, said the project will complete mechanisms recognising energy consumption and announcing information on energy consumption, along with documents guiding the design, construction, and assessment of energy-efficient projects.

It has already studied energy consumption at 250 projects and recognised energy-efficient facilities. Many training courses within its framework have been organised nationwide.

The project fulfilled 11 of 14 set targets, including major targets like providing consultation for the national target programme on the economical and efficient use of energy, and contributing opinions on the Law on Construction.

The project is supporting the Ministry of Construction in amending a decree on the management of projects and their quality, and other documents.

UNDP Deputy Resident Representative in Vietnam Sitara Syed said relevant parties have made great efforts over recent times. But, she added, they need to further their close coordination and flexibly adopt different solutions to optimise results brought about by the project./.

Ca Mau: Nam Can crab, U Minh Hot Pot named among Vietnam’s Top 100 specialties

A species of crab in Nam Can district and a fish sauce hot pot in the U Minh Forest in the southernmost province of Ca Mau have been listed among the Top 100 specialties in Vietnam in 2020-2021 by the Vietnam Record Organisation (Vietkings).

Ca Mau dried shrimp and U Minh honey, meanwhile, are in the Top 100 Vietnamese specialty gifts.

The specialties will be granted certificates at an event on April 24 in Ho Chi Minh City.

Over the past 10 years, Vietkings has sought and promoted Vietnamese cuisine, contributing to elevating the Vietnamese catering and tourism industries./.

VFF Central Committee gives guidance on introducing candidates for upcoming elections

The Vietnam Fatherland Front (VFF) Central Committee’s Standing Board has issued a guiding document on the organisation of negotiations to introduce candidates for election to the 15th National Assembly (NA) and People’s Councils at all levels in the 2021-2026 tenure and election campaigns in localities hit by COVID-19.

Localities are instructed to hold the elections flexibly in accordance with the situation on the ground, ensuring the strict implementation of COVID-19 prevention and control measures.

Along with direct meetings, localities can choose other formats to collect voters’ opinions, such as online conferences or via email, SMS, mobile apps such as Zalo and Viber, and the post.

Earlier, on February 20 in Hanoi, Vice President and General Secretary of the VFF Central Committee Hau A Lenh and Vice President of the VFF Central Committee Nguyen Huu Dung co-chaired a meeting on guiding procedures to introduce candidates from central agencies, organisations, and units.

In the final step, an expanded meeting of leaders of the agency, organisation, or unit will be convened to discuss and make a final decision on the candidates to be introduced.

Candidates must complete documents for nomination by 5pm on March 14.

Addressing the meeting, Lenh said that from March 18, the VFF Central Committee Presidium will organise the second round of negotiations to discuss and make a list of candidates running for a seat at the 15th legislature.

The elections of deputies to the 15th NA and People’s Councils at all levels will take place in May./.

Nearly 300 volunteers in Long An engage in second-stage trials of Nano Covax

Nearly 300 volunteers in the Mekong Delta province of Long An are set to receive injections of Nano Covax in the second-stage human clinical trials of the COVID-19 vaccine candidate from Vietnam.

The Ministry of Health began the second phase of human trials at the healthcare centre of Ben Luc district on February 26.

The volunteers, chosen from more than 800 people who registered to take part, consist of two age groups: from 18 to 60 and over 60.

They will receive two doses of either the vaccine or the placebo AIPO4, with an interval of 28 days. Each volunteer will be monitored for 12 months after the first dose.

Volunteers receiving jabs on the morning of February 26 will receive the second dose in late March.

The research outcomes of these second-phase trials will be available in late April.

The second stage human trials of Nano Covax are also underway in Hanoi.

Developed by the Nanogen Pharmaceutical Biotechnology JSC and the Hanoi-based Military Medical University, Nano Covax is Vietnam’s first COVID-19 vaccine to reach the human trial stage.

According to a representative from the university, a total of 560 volunteers, including those with other ailments such as hypertension or diabetes, among others, will participate in the second-stage trials in both localities.

Lieutenant-General Do Quyet, Director of the Military Medical University, said that since the trial is seeing the participation of volunteers with underlying health conditions, relevant authorities are prepared for all possible scenarios and will ensure the safety of all volunteers.

The first-stage trial of the Nano Covax vaccine showed that it is likely to be effective against the B117 variant from the UK.

Vietnam is one of 40 countries and territories in the world to have begun human trials of a COVID-19 vaccine, after successfully producing coronavirus test kits early in the pandemic.

The country also has other COVID-19 candidate vaccines being developed: IVAC from the Institute of Vaccines and Medical Biologicals, VABIOTECH from the Company for Vaccine and Biological Production No 1, and POLYVAC from the Centre for Research and Production of Vaccines and Biologicals./.

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

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