Vn economy

A QR code to submit health declarations on a stall in Hà Nội’s Hoàn Kiếm District. — VNA/VNS Photo Hoàng Hiếu HÀ NỘI — A further 9,362 COVID-19 cases were reported in Việt Nam on Monday, bringing the national tally to 766,051 cases. Another 174 COVID-19 deaths were also announced. The majority of these deaths were in HCM City, with 122 deaths. Total deaths now stand at 18,758. Việt Nam's mortality rate is 0.4 per cent higher than the world’s average, which stands at 2 per cent. The Ministry of Health also announced there are currently more than 4,100 COVID-19 patients considered seriously ill. 29 of these are being treated with ECMO. Of the new COVID-19 cases reported on Monday, 20 were imported while 9,342 cases were locally transmitted – a decrease of 669 cases compared to Sunday. Among the new local infections, HCM City again recorded the highest with 4,134, followed by the southern provinces of Bình Dương (3,793) and Đồng Nai (616). Other cases were found in Long An … [Read more...] about COVID-19 cases and deaths fall on Monday

Smart Campus to Campus uses FUNiX's platform to cross-share learning materials and online courses amongst member universities. — Photo courtesy of FUNiX HÀ NỘI — Gunma University in Japan has announced its next five-year strategy, with a focus on building a smart university connection system called Smart Campus to Campus (SCC). The project will be run on a platform provided by FUNiX (a member of FPT Corporation). SCC utilises FUNiX's platform to cross-share learning materials and online courses among member universities. FUNiX plays the role of a coordination centre; organising exchange activities and creating a vibrant international student community in an online environment. SCC also creates a facility that allows member universities to recognise each other's credits, and build a joint training programme that allows students to study and receive accreditation from different universities at the same time. Representatives from Gunma University … [Read more...] about Việt Nam’s FUNiX provides a learning platform for international universities

Credit by the end of last month increased by 7.18 per cent compared to the beginning of this year. VNA/VNS Photo HÀ NỘI — Banks will lend more than VNĐ100 trillion (US$4.3 billion) with preferential interest rates of 3-4 per cent per year to support the economy, according to Nguyễn Tuấn Anh, director of State Bank of Vietnam (SBV)’s Credit Department of Economic Sectors. The rate cut is estimated to be worth VNĐ3 trillion, Anh said at a preferential interest rate event held last week by Vietnam Economic Review . In addition to this support package, the banking industry has also implemented many other support policies for firms and individuals, Anh said, adding the banking industry had restructured VNĐ520 trillion in loans for borrowers and cut interest rates of VNĐ16 trillion since the outbreak of the COVID-19 pandemic. "The very large number has shown the banking industry has tried its best in recent times to share difficulties with firms and … [Read more...] about Banks to lend $4.3 billion preferential interest rate loans

An apparel factory of the Formostar Garment Vietnam Co., Ltd in Hai Duong province (Photo: VNA) Hanoi (VNA) – Vietnam’s labour productivity is very low compared with growth need, thus raising productivity is the key to economic growth, experts said at a conference on April 13. According to Ngo Van Tuan, deputy director of the Party Central Committee’s Economic Commission, the country’s productivity increased by an average 4.7 percent a year during 2011-2017, while the GDP growth was about 6.21 percent and real wage rose by an average 12.59 percent. “This means production costs in Vietnam is becoming more expensive, which directly affects the country’s competitiveness,” Tuan told the CEO forum 2018 held by the Vietnam Economic Times. The General Statistics Office (GSO) reported that local productivity has been increasing throughout recent year, but remains lower than regional levels. By purchasing power parity in 2012, Vietnam’s productivity in 2016 reached 9,894 … [Read more...] about Labour productivity enhancement – key to economic growth

As many more localities have controlled the pandemic and loosened social distancing to resume production and business activities, postal companies have designed scenarios for goods supply. The pressure of ensuring essential goods for people has lessened, so Vietnam Post and Viettel Post are returning to normal operation. However, ensuring smooth supply is still the most important task for both postal companies. Vietnam Post’s CEO Chu Quang Hao said the company has added more functions to transaction points, increasing the number of items and volume of goods to be supplied to people in pandemic hit areas. “We gained dual results when both helping farmers sell farm produce and helping consumers access high-quality sources of food and foodstuff with the e-commerce site Postmart.vn and other direct consumption modes,” Hao said. The pandemic is still ‘hot’ across the country, so post offices in cities and provinces are still closely cooperating with information and … [Read more...] about Postal companies plan for goods supply in ‘new normal’

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