Illustrative image (Source: VNA) Vientiane (VNA) - Two-way trade between Vietnam and Laos surpassed 947 million USD in the first nine months of 2021 , up 28.2 percent year-on-year, according to the Vietnam Trade Office in Laos. Of the total, Vietnam’s exports were valued at over 447 million USD, up 6 percent year-on-year, and imports 499 million USD, up 57.9 percent. Compared to the same period of 2019 when the COVID-19 did not break out yet, the bilateral trade turnover rose by 14.4 percent. In September alone, the two countries’ import-export value exceeded 99 million USD, up 10.8 percent year-on-year. In the month, Vietnam continued to record a trade deficit of 21.57 million USD. During January-September, the country posted a trade deficit of 52.4 million USD with Laos. In the nine-month period, Vietnam sold to Laos mainly steel products (57.6 million USD), machinery, equipment, tools and spare parts (39.6 million USD), and fertilisers (17.25 million … [Read more...] about Vietnam-Laos trade continues flourishing
Rare indian coins worth millions
A production line of brewery company Sabeco (SAB). SAB lost 2.1 per cent on Wednesday. — VNA/VNS Photo Vietnamese shares declined on Wednesday, dragged by market heavyweights as selling pressure increased significantly towards the closing minutes of trading. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined 0.11 per cent, to finish the trading day at 1,393.80 points. It had fallen 0.01 per cent to close Tuesday at 1,395.33 points. The market breadth was negative as 242 stocks declined while 180 rose and 60 ended flat. The market’s liquidity was high with nearly 846 million shares traded on the southern market, worth VND23.8 trillion (US$1.04 billion). The market witnessed strong volatility at the end of the trading session. A series of large stocks dropped sharply, extending the decrease of the VN-Index such as brewery Sabeco (SAB), Vietcombank (VCB), insurer Bao Viet Holdings (BVH), FPT Corporation (FPT) and Vietinbank (CTG). The oil and … [Read more...] about Shares slide on late selling pressure
The ticking time bomb of Evergrande has been making headlines for many days. The world's most indebted real estate group is saddled with more than $305 billion in debt and has issued repeated warnings that it could default. Currently, Evergrande's stock and bond prices are falling sharply, declining 90 per cent from their peak in 2020. Shareholders and 70,000 investors stand to lose almost everything as the Chinese government signalled intention to let Evergrande handle matters on its own under market mechanisms. According to CNBC , the Evergrande is threatening to push over real estate companies like a line of dominoes stretching across China while the international press is making a list of other large enterprises whose hefty debts could catch up with them after property sales and debt credit decline. The cooling of the housing market could pose a serious risk to the Chinese economy, as the real estate industry contributes nearly 30 per cent of its GDP and is one of the … [Read more...] about Vietnam’s real estate scene post-Evergrande: who will stand tall?
The FDI capital attracted so far this year has exceeded Dong Nai’s target of 700 million USD for 2021. (Photo: VNA) Dong Nai (VNA) – Dong Nai has attracted 1.1 billion USD to nearly 140 foreign direct investment ( FDI ) projects since the start of this year, according to the Industrial Zones Authority of this southern province (DIZA). Of the sum, more than 736 million USD was channeled into 93 existing projects while the rest into new ones. The FDI capital attracted so far this year has exceeded this industrial hub’s target of 700 million USD for 2021. Most of the projects operate in supporting and electronics industries, apply modern technology, and do not cause environmental pollution, matching the local policy of selective FDI attraction. Le Van Danh, deputy head of the DIZA, said despite the COVID-19, foreign investors have still raised capital, expanded operations, and invested in many new projects in Dong Nai, which shows their belief that the pandemic … [Read more...] about Dong Nai attracts 1.1 billion USD in FDI capital so far this year
The Ministry of Health (MOH) on October 14 sent a dispatch to local healthcare departments informing them about the plan to vaccinate children aged 12-17. The document said Vietnam will expand the vaccination program step by step, from higher to lower ages (children aged 16-17 will get vaccinations first, followed by children at lower ages). It’s unclear which vaccines will be used for the program, but parents believe that the Pfizer vaccine will be approved because this is the only vaccine being used in the world for teenagers. Meanwhile, many people fear that the vaccines using mRNA technology may intervene with human genes, especially small children. Nguyen Van Long in Tan Binh District in HCM City is one of them. Long said all his family members have been safe during the fourth pandemic wave. “We strictly follow the 5K principle and we regularly clean our nose and throat, and drink vitamins to improve resistance. I ask my children to spend 30 minutes a day on … [Read more...] about Parents unsure about vaccinating their children as rumors about side effects spread
Packing line at Trieu Phu Loc Furniture Co in Binh Duong province. The Government, localities and businesses are rushing to put the economy back on track. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam’s economy has recently received many optimistic signals from the business community, which are fuelling expectations of a stable and rapid recovery after a long disruption due to the COVID-19 pandemic. At a press conference on October 18, Nguyen Van Lam, Deputy Director of Ho Chi Minh City's Department of Labour, Invalids and Social Affairs, said nearly 135,000 workers had returned to work at export processing zones and high-tech zones, and 5,000 workers resumed work at enterprises outside industrial zones. Last week, the Dong Nai Industrial Zone Authority announced nearly 1,400 enterprises, or more than 80 percent of those operating in 31 industrial parks in the province, have resumed operations, drawing more than 334,000 workers back to work which represents 54 percent of total … [Read more...] about Optimistic business signals fuel expectations of stable and rapid recovery