Chủ đề: Vietnam

Policy makers believe efforts must be made to improve Vietnam's credit rating to attract investment flows in the context of ODA capital declining.

Shrimp production, processing, export, and domestic consumption have faced many difficulties in recent times and shrimp processing facilities have had to curb their activities while shrimp purchasing has stalled. Experts and businesses recommend that localities create favorable conditions and promote shrimp purchasing until the next harvest.

The government has recently issued Resolution No. 99/NQ-CP on an action plan to implement the National Assembly’s Resolution on the five-year socio-economic development plan for 2021-2025. Under the five-year socio-economic development plan, Vietnam aims to become a developing country with modern industry by 2025, surpassing the low - middle income level. The plan identifies 23 targets, one of which is average GDP growth of between 6.5 and 7 per cent over the course of the five years.

Mr. Michael Kokalari, Chief Economist at VinaCapital, believes that the profits of listed companies will increase sharply next year and recommends that investors not sell shares at this time.

In its competition assessment of Vietnam’s logistics sector, released on August 31, the Organization for Economic Co-operation and Development (OECD) emphasized the importance of removing legal barriers in the sector’s development post-pandemic. Logistics costs in the country are higher than elsewhere in the region, making Vietnamese goods less competitive.

The Civil Aviation Authority of Vietnam has asked domestic airlines to stop selling tickets on domestic routes until further notice.

The May Cosmedic JSC in Ho Chi Minh City held a ceremony on August 27 to take receipt of 403,000 doses of the AstraZeneca vaccine from the Australian Government. The support will contribute to speeding up vaccinations in Vietnam as case numbers continue to rise.

After ten weeks of consulting with South Korean experts at Samsung, two businesses in northern Bac Ninh province cut their product defect rates by 50 per cent and 20 per cent, respectively. Samsung has consulted with 260 businesses involved in its supply chain, to help them increase productivity, cut defects, or reduce inventory, among other things.

An estimated 270,000 people will benefit from the support package, of which some 3,500 are from vulnerable groups.

Shipment expected to reach Vietnam in early September.

World Bank notes positive outlook but authorities must address high fiscal, financial, and social risks.

Pledge made as Vice President Kamala Harris touches down in Hanoi.

Vietnam has received some 23 million doses of vaccines so far under the COVAX mechanism, signed contracts, and support from other countries. In a letter to World Health Organization (WHO) Director-General Tedros Adhanom, however, Prime Minister Pham Minh Chinh said the country is facing a major outbreak of the Delta variant and suggested the organization give it priority in the upcoming COVAX vaccine distribution.

The Ministry of Planning and Investment has issued a list of machinery, equipment, spare parts and components, means of transport, raw materials, supplies, and semi-finished products that can be produced domestically. On the list are 287 automobile parts and components, but these are mostly quite simple. Key parts and components in transmission systems and engines cannot be produced domestically.

The International Finance Corporation (IFC) has helped Vietnamese banks improve their capacity to guarantee payment risks in trade finance for domestic enterprises. With the IFC’s support, banks have issued 974 guarantees to exporters and importers totaling $686 million during fiscal year 2021 and granted more than $400 million to domestic suppliers to maintain liquidity. The IFC’s total supply chain funding has increased 28 per cent, helping 31 garment and agricultural businesses stay afloat and securing more than 100,000 jobs.

The Polish Government has delivered over 500,000 doses of the AstraZeneca vaccine to the Ministry of Health, which will soon be distributed to localities.

The Ministry of Industry and Trade (MoIT) has decided to impose an anti-dumping tax of 10.64 per cent for five years on certain H-shaped steel products originating from Malaysia. The tax is lower than the 22 per cent applied on H-shaped steel imported from China.

Vietnam’s NanoDragon satellite is expected to be launched into orbit with eight other Japanese satellites at the Uchinoura Space Center launch site in Japan’s Kagoshima prefecture on October 1. The Made-in-Vietnam satellite was transported from Hanoi’s Noi Bai International Airport to Tokyo’s Narita Airport on August 11. NanoDragon is a nano-class cubesat satellite weighing 3.8 kilograms and was developed by the Vietnam Space Center at the Vietnam Academy of Science and Technology.

The United Arab Emirates (UAE) is one of Vietnam’s 10 largest export partners in the world and its largest trading partner in the Middle East and Africa. Vietnam continually posts a trade surplus with the country, and the Vietnam Trade Office in the UAE has forecast that two-way trade turnover will reach $5 billion this year.

In a phone call with the AstraZeneca Group’s General Director on August 19, Prime Minister Pham Minh Chinh affirmed that Vietnam wishes to strengthen strategic, comprehensive, and long-term cooperation with the company not only in vaccines but also in pharmaceuticals and healthcare in general. He also proposed that AstraZeneca negotiate with other countries to cede their unused vaccines to Vietnam.