Shrimp exports

Workers at Ha Tay Chemical Weave Co.Ltd in Hanoi (Illustrative photo: VNA) Hanoi (VNA) - Vietnam's footwear exports brought home 11.27 billion USD from the start of the year to July 15, a year-on-year surge of 28.36 percent, according to the General Department of Vietnam Customs . It was amongst key products of Vietnam posting the strongest growth in the period. The US was the largest market of Vietnam’s footwear, with export turnover reaching 4.14 billion USD by the end of June. Other major markets included the EU, China, Japan and Canada. Besides footwear, four other export items raked in at least 10 billion USD in the reviewed period. Mobile phones and components took the lead with 26.66 billion USD, followed by computers, electronic products and components with 25.42 billion USD. Export revenues of machines and devices hit 18.4 billion USD while garment-textile products secured 16.97 billion USD. Since the start of 2021, Vietnam has earned 171.22 billion USD … [Read more...] about Vietnam’s footwear exports rake in 11.27 billion USD

In an interview recently granted to the Vietnam News Agency in Havana, Sáez, who is also Vice Chairman of the Cuba - Vietnam Friendship Association, hailed the article as a helpful reference for countries on the way toward socialism as well as for theory research. It is also instrumental for Vietnam’s future leaders to continue with the socialism path and goals set till 2045. He said the article took practical approach with a contemporary mindset that is close to realities, combining the most reasonable and progressive factors in the current socialism thought. According to him, Trong mentioned methods and achievements made by Vietnam after adopting socialism-oriented market economy model and conducting the renewal process. He added that Vietnam is reaching industrialization to achieve socialism aspiration. After 35 years of renovation, Vietnam has dealt with food security issue, becoming one of the world’s biggest rice and farm produce exporters. Industry and services have so far … [Read more...] about Cuban scholar underscores theoretical, practical values in Party chief’s article

As exports formed a key component of local economic development, maintaining production chains was crucial for Vietnam. Vietnam's exports reached US$158.34 billion in the first six months of 2021, an increase of $35.57 billion, or 29 per cent over the same period in 2020. — VNA/VNS Photo In the first six months of the year, exports increased by 29 per cent and orders were rising thanks to the recoveries of the US and China markets, as well as tax incentives from the EU due to the EVFTA agreement, said Nguyen Xuan Thanh, manager of the Fulbright Economics Teaching Programme. Thanh took part in an online conference hosted by e-newspaper cafef.vn yesterday with other experts to discuss solutions for the economy in the ongoing fourth wave of the pandemic. “The remarkable increase is due to the demand for Vietnam's exports from major markets,” he said. Thanh said Vietnam was benefitting thanks to the continuing punitive tariffs on China from the Biden administration, … [Read more...] about Maintaining production chains crucial for Vietnam

Demand in the HCM City labour market is forecast to depend on the COVID-19 situation (Photo: VNA) HCM City (VNA) – Ho Chi Minh City will need about 127,000 - 147,000 workers from now to the end of this year, and the demand varies according to the COVID-19 situation, the city’s Human Resources Forecast and Labour Market Information (FALMI) Centre said on July 27. It noted that if the pandemic gets worse, socio-economic development will be strongly affected with such services as accommodation, food and beverage, tourism, and transport, along with the industry - construction sector hit hard. In that scenario, HCM City will need about 127,000 workers in the last half of 2021, mostly for trading (26,048), IT - electronics (8,903), personal services and heath care (8,319), garment - footwear manufacturing (7,785), marketing (7,353), and food processing (7,125). If the pandemic eases, business performance will improve in the year’s final months, the time enterprises boost … [Read more...] about Labour demand in HCM City varies according to pandemic situation