Vietnam latest news

Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25

Vietnam Airlines completes longest flight for transporting vaccines A flight of Vietnam Airlines transporting COVID-19 Abdala vaccine from Cuba to Vietnam safely landed at the Noi Bai International Airport on September 26. With a total length of more than 17,000 km, and 20.5 hours of flying, this is the longest flight so far that Vietnam Airlines has operated to transport vaccines. The vaccines on the flight, which used wide-body aircraft Boeing 787-9, were kept in specialized equipment, and handed over to the authorized agency immediately after landing. Cuba's Abdala vaccine is considered one of the world's most effective COVID-19 vaccines. Previously, the Ministry of Health had conditionally approved this vaccine for emergency use in preventing and controlling the COVID-19 pandemic in the country. As a national flag carrier, Vietnam Airlines plays a key role in transporting COVID-19 vaccines. Since early 2021, with its fleet and extensive network of routes, … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 27

Vietnam continues to remain an attractive investment destination in the long term. Foreign Direct Investment (FDI) commitments during the first nine months of 2021 rose by 4.4% year-on-year to US$22.15 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Production at YPE VINA in Binh Xuyen 2 Industrial Park, Vinh Phuc Province. Photo: Hoang Hung Meanwhile, the serious Covid-19 situation in southern provinces/cities has led to temporary disruption of production and a reduction of 3.5% year-on-year in FDI disbursement to around $13.28. billion. Principal Country Economist of the ADB in Vietnam Nguyen Minh Cuong said the pandemic and subsequent restriction measures are wreaking havoc on businesses as a whole, including foreign companies. Cuong, however, noted for foreign businesses, any investment decision into a country would take into account long-term considerations, and they are rarely fazed by … [Read more...] about FDI commitments to Vietnam rise nearly 5% in 9-month period

Vietnam’s premier has directed relevant agencies to work with their foreign counterparts on reciprocal recognition of COVID-19 immunization certifications, often called 'vaccine passports,' to facilitate travel amid the pandemic. In a recent dispatch, Prime Minister Pham Minh Chinh asked the Ministry of Foreign Affairs and the Ministry of Health to promptly discuss the mutual recognition of COVID-19 vaccination certifications with competent authorities of ASEAN countries, EU member states, the U.S., China, Japan, and others. Such reciprocal recognition is important and necessary in the current context when many countries in the world have reopened their economies and brought socio-economic activities back under 'new normal conditions' while continuing to drive back the COVID-19 pandemic, PM Chinh said. 'Vaccine passports,' which may be in paper or electronic form, have been applied by some areas in the country as a means to welcome back international tourists in the coming time. … [Read more...] about Vietnam considers mutual recognition of ‘vaccine passports’ amid COVID-19

The northern and north-central provinces of Vietnam are forecast to see heavy rain on Monday, with chances of flash floods, landslides, and inundation, while the Central Highlands and southern regions face the likelihood of thunderstorms. The north-central area on Monday morning reported rainfall of 50-100 millimeters, even up to 120 millimeters in some places, according to the National Center for Hydrometeorological Forecasting. The heavy rain was accompanied by chances for flash floods, landslides, and local inundation in low-lying and waterfront areas. On the same day, mid-central, south-central, Central Highlands, and southern provinces may see precipitation ranging from 30 to 60 millimeters, with anomalies of up to 80 millimeters in several areas, in the afternoon and evening due to the impacts of the southwest monsoon. In light of these weather events, residents should stay highly vigilant, looking out for strange geological happenings, and evacuate from areas at high … [Read more...] about Torrential rain persists across Vietnam

After arriving in Vietnam, a shipment of over 1.3 million jabs of AstraZeneca COVID-19 vaccine has been handed over to the Ministry of Health to continue feeding the country’s accelerated immunization campaign. The ministry received 1,317,500 vaccine doses from the Vietnam Vaccine Joint Stock Company (VNVC) on Monday, as part of the 30-million-dose contract signed between VNVC and the manufacturer in late 2020. The latest shipment, which arrived in Ho Chi Minh City last Friday, has taken the total number of vaccine doses delivered to Vietnam from this source to nearly 15 million, including five million this month. VNVC has previously agreed to hand over all the vaccine doses under this contract to the ministry on a non-profit basis and pay all relevant expenses, including that on vaccine storage. To date, the country has received more than 54 million doses of COVID-19 vaccine from different sources, including COVAX Facility, contract purchases, and donations. This vaccine … [Read more...] about Vietnam gets 1.3 million more doses of AstraZeneca vaccine