There is a high chance that the bilateral trade turnover could surpass the US$100-billion mark for the first time right this year. The shortage of goods due to the disruption of the global supply chains and growing demands from major economies on recovery, especially the US, is offering opportunities for Vietnamese businesses to further penetrate the world’s largest market. Vice Minister of Industry and Trade Do Thang Hai. Photos: Hai Yen Counselor of the Vietnam Trade Office in the US Bui Huy Son shared the view at the Vietnam-US Trade Forum 2021 held today [December 7]. “As Vietnam makes up only 3.6% of US total imports, there remains huge potential in economic cooperation for both countries,” Son noted. Sharing the view, Vice Minister of Industry and Trade Do Thang Hai said the US remains one of Vietnam’s key partners in all spheres, noting cooperation in trade and economy between the two is the pillar in the bilateral comprehensive partnership. … [Read more...] about US economic recovery offers opportunities for Vietnam businesses
The asia pacific economic cooperation
Asia was the first to experience the virus, the first to exit lockdown, and now has new spikes. Asia was the first place to experience the coronavirus, impose lockdowns and then emerge from them. It was also the first to experience new groups of infections, with clusters from nightclubs in Seoul, the Russia-China border, and elsewhere. Although it is early for conclusions, can lessons be learned? 1. Wave, spike or cluster - it's unavoidable Terms such as second wave, spikes or clusters of cases are bandied around, but what do they mean? Medically, a second wave refers to the resurgence of infection in a different part of a population after an initial decrease. The WHO says past pandemics have been characterised by "waves of activity spread over months". In Asia, we have been seeing isolated clusters and regional spikes in infection numbers. and it is hard to predict how they will develop. But for Jennifer Rohn, a cell biologist at University College, London, a second … [Read more...] about Coronavirus ‘second wave’: What lessons can we learn from Asia?
Delegates launch a programme for establishing diagnostic methods, strengthening treatment and developing guidelines for hereditary angioedema (HAE) in Việt Nam.— Photo courtesy of the programme HÀ NỘI — A programme establishing diagnostic methods, strengthening treatment and developing guidelines for hereditary angioedema (HAE) has been launched in Việt Nam. The programme is funded by the ‘Project for Global Extension of Medical Technologies, Systems and Services in 2021’, conducted by the National Centre for Global Health and Medicine under Japan’s Ministry of Health, Labour and Welfare, with Takeda as the training provider. HAE is a rare genetic disorder that results in recurrent attacks of oedema – swelling – in various parts of the body, including the abdomen, face, feet, genitals, hands and throat. In Việt Nam, there are about 50 HAE patients at Bạch Mai General Hospital – the only specialist treatment centre for the disease in the country. Experts estimate that Việt Nam … [Read more...] about Hereditary angioedema treatment programme launched in Việt Nam
The fifth meeting of the 15th NA Standing Committee in late November (Photo: VNA) Hanoi (VNA) – The Standing Committee of the 15th National Assembly (NA) will convene its sixth meeting in Hanoi in on December 8 - 10 and December 21 - 22, with preparations for an extraordinary session of the parliament among issues high on the agenda. The NA Office announced on December 7 that the Standing Committee will discuss a draft law amending and supplementing some articles of the laws on public investment, public - private partnership investment, bidding, electricity, enterprises, special consumption tax, and enforcement of civil judgments; and a draft resolution on piloting some special mechanisms and policies for the development of Can Tho city. It will consider permitting the implementation of several healthcare-related mechanisms and policies to serve the COVID-19 combat; and extending the duration of goods storage at duty-free stores, warehouses of firms selling … [Read more...] about NA Standing Committee to open 6th meeting on December 8
In a plan submitted Tuesday, the ministry proposed that the resumption will be carried out with two trial phases. The first phase starting Dec. 15 will see flights resumed between Vietnam and San Francisco or Los Angeles (the U.S.), Singapore, Bangkok (Thailand), Phnom Penh (Cambodia), Vientiane (Laos), Beijing (China), Tokyo (Japan), Seoul (South Korea), and Taipei (Taiwan). Those are markets with the most important political and economic cooperation relations with Vietnam, with a high number of investors, experts, and laborers wishing to work and explore business investment opportunities in Vietnam, said the ministry. In addition, the number of Vietnamese citizens living, studying and working in those destinations are having a high demand for repatriation, it said. During the first phase, which is proposed to last two weeks, four flights will be operated on each route per week from either direction. Only Tan Son Nhat Airport in HCMC and Noi Bai in Hanoi will be serving … [Read more...] about Vietnam plans int’l flight resumption from Dec 15
Vietnam’s agro-forestry-aquatic product import-export hits over $82bil Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually. Of the figure, around 43.48 billion USD was worth of exports, up 14.2 percent while nearly 39.18 billion USD was from imports, up 39 percent, resulting in a trade surplus of roughly 4.3 billion USD, down 56.5 percent year-on-year. The US was the biggest export market of Vietnam with over 11.9 billion USD, or 27.5 percent of the market share. It was followed by China with around 8.4 billion USD, accounting for 19.2 percent, and Japan with nearly 3 billion USD, or 6.9 percent. Share plunge as Omicron worries local investors Vietnamese shares plunged on Friday as the spread of the Omicron coronavirus variant dampened investor sentiment, triggering worries about hits to a nascent economic recovery. The market benchmark VN-Index on the Ho Chi … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 4