Prime

Since August, Vietnam’s export sector has started to feel the devastating effects of the pandemic and strict social distancing measures in many localities nationwide plus the disruption of supply chains and production. According to a report by the Ministry of Industry and Trade (MIT), Vietnam’s export sales in August 2021 were estimated at US$26.2 billion, a decline of 6% from July. Of this, the domestic sector gained US$6.94 billion, down by 9.7% from the previous month, while the foreign investment sector—including crude oil—reached US$19.26 billion, down by 4.5%. Compared with the same period of last year, August export value fell by 5.4%, of which the domestic sector saw a drop of 13.9% and the foreign investment sector, including crude oil, suffered a slight decline of 1.9%. During the Jan. – Aug. period, goods export sales reached US$212.55 billion, a rise of 21.2% year on year. Also in August, the annualized revenues of the three key export groups all dropped, of … [Read more...] about Export begins suffering from Covid-19

About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 19

Large-scale testing is carried out at Việt Hưng Ward, Long Biên District on Sunday to trace positive cases. — VNA/VNS Photo HÀ NỘI — Hà Nội will remove travel permits for inner city commuters and not divide the city into three-coloured zones from September 21, Chử Xuân Dũng, vice chairman of the city People’s Committee, announced on Monday. Lockdown will still be applied but on a reduced scale. The city’s authorities will apply technology to supervise mobility of residents and trace positive cases, he said. The capital will loosen social distancing restrictions but continue to ensure strict COVID-19 protocols because the city still has some clusters in narrow alleys and densely-populated areas. The priority target is to protect public health and strive to vaccinate all residents with a second dose, Dũng said. Dũng asked the people, local organisations and businesses to uphold their responsibilities in observing COVID protocols. Trần Ngọc Dương, deputy director … [Read more...] about Hà Nội to remove travel permits and loosen social distancing restrictions

A train runs on a completed section of the Nhổn-Hà Nội railway station (from Nhổn to University of Transport) in Hà Nội during a pilot operation in early July. — VNA/VNS Photo Trung Nguyên HÀ NỘI — The Nhổn-Hà Nội Railway Station project has been delayed due to difficulties in ground clearance. The 12.5km line, which is part of the Hà Nội Urban Railway Metro (HURM) project, was approved in April 2019. During seven years from 2009 to 2016, the project was at a standstill due to slow progress of ground clearance. In December 2018, the then Prime Minister issued a decision extending the project deadline until 2022. The construction of 4-km underground section with four stations from Kim Mã Street in Ba Đình District to Hà Nội Railway Station in Hoàn Kiếm District is sluggish. The project was also allowed to complete an elevated section of the Nhổn-Cầu Giấy part to put into operation first while finishing the underground section. Consequences According to … [Read more...] about Slow ground clearance hindering Nhổn-Hà Nội Railway station metro line

Prime Minister Nguyen Xuan Phuc addresses the General Debate of the UN General Assembly 's 73rd session in the US's New York on September 27, 2018 (local time). (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc will attend the high-level General Debate of the UN General Assembly’s 76th session ( UNGA 76 ) in New York from September 21-24. The trip takes place at a time when Vietnam is celebrating the 44th anniversary of the country’s membership in the UN (September 20, 1977 – 2021). Over the last 44 years, Vietnam has grown from just an UN member to a strong and trustworthy partner of the world’s largest multilateral organization for peace and sustainable development. Vietnam’s four-decade UN membership has been a journey full of major imprints left by the UN in the country’s post-war reconstruction, “Doi Moi” (Renewal) period and international integration. With the help of UN specialized agencies and related organisations, Vietnam has been able to utilise … [Read more...] about Vietnam remains UN’s trustworthy partner for peace, sustainable development

Vietnam has got 45 million doses from donations and purchases, of which nearly 12 million doses came from the COVAX. The Government of Vietnam today [Sept 20] decided to import 10 million doses of Cuba’s homegrown Abdala Covid-19 vaccine. Abdala vaccine is produced by AICA Pharmaceutical Laboratories and packaged at Level 2 at the Center for Genetic Engineering and Biotechnology (CIGB). “Once again, the peoples of Cuba and Vietnam share their scientific-technological achievements,” tweeted the Cuban institution. Three days ago, Vietnam approved Abdala ahead of the ongoing visit to Cuba paid by Vietnamese President Nguyen Xuan Phuc. Vietnam's Prime Minister Pham Minh Chinh held a phone talk with the COVAX Facility's Managing Director Aurélia Nguyen. Photo: VGP Chinh requested the COVAX Facility to facilitate the delivery to Vietnam in September, October, and November as it was committed to providing. He expressed that Vietnam considers contributing more … [Read more...] about Today’s Covid News: Vietnam to buy 10 million vaccine doses from Cuba