Export growth and the shifting of manufacturing facilities and supply chains from China are also promoting Vietnam’s economic growth. General Department of Vietnam Customs data show that in the first 10 months of this year, Vietnam’s foreign trade value reached US$440.09 billion, a year-on-year increase of 2.7 percent. Of this total, export value reached US$229.79 billion, up five percent or US$10.85 billion, and import value reached nearly US$210.3 billion, up 0.3 percent or US$661 million. These import, export results yielded a trade surplus of approximately US$19.5 billion. … [Read more...] about Vietnam optimistic about growth in first half of 2021
Underemployment affects economy
VIETNAM BUSINESS NEWS JANUARY 16
Accordingly, there are eight types of pork in the market stabilization program whose retail prices increased this time. Of which, the price of ham rose from VND145,000 to VND151,000 kg; that of pork shoulder from VND145,000 to VND158,000 per kg; that of pork loin chops from VND140,000 to VND153,000 per kg; that of pork shanks from VND129,000 to VND139,000 per kg; that of pork armpit from VND127,000 to VND137,000 per kg; that of pork shoulder and ham lean from VND175,000 to VND190,000 per kg; that of pork tail bone from VND103,000 to VND113,000 per kg; that of pork bones from VND77,000 to VND85,000 per kg. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16
New economic priorities for a new year
The government defined 11 key missions and measures, including effective implementation of tasks to serve the organisation of the Party Congress, election of deputies to the National Assembly (NA) and all-level people’s councils, and preparation, issuance, and implementation of action programmes to carry out the resolutions. The government will also continue implementation of tasks in a flexible and effective manner – to simultaneously fight the pandemic and boost economic growth; while completing institutions for the socialist-oriented market economy, thus facilitating economic recovery and development based on stabilising the macro-economy and curbing inflation rate, as well as improving the economy’s resilience. … [Read more...] about New economic priorities for a new year
Food streets improve vendors’ incomes, tidy up neighbourhoods
Authorities have provided 15 households in Bách Tùng Diệp Park with wooden furniture, canopies and vending cars free of charge. As the park is located nearby Nam Kỳ Khởi Nghĩa Street and People’s Court of HCM City, the number of visitors is fairly high. … [Read more...] about Food streets improve vendors’ incomes, tidy up neighbourhoods
Climate Change: Vietnam’s strong political commitment to protection of human rights
These negative impacts have a huge impact on vulnerable groups such as women, the elderly, children and people with disabilities. In the agricultural sector alone, the most obvious impact from climate change is crop failure, so the ability to re-invest and production of this subject is very difficult because they lack capital, so the poverty situation of the poor will be exacerbated under the impact of climate change. … [Read more...] about Climate Change: Vietnam’s strong political commitment to protection of human rights