China vietnam economy

A total of 1,228,500 shots of AstraZeneca COVID-19 vaccine, part of a 30-million-dose contract, arrived in Vietnam on Friday morning. The vaccine batch landed at Tan Son Nhat International Airport in Ho Chi Minh City, according to Vietnam Vaccine JSC (VNVC). This is part of the 30 million jabs that VNVC has purchased from AstraZeneca with the support from the Ministry of Health. AstraZeneca has so far sent more than 3.1 million doses out of the 30 million shots to the Southeast Asian country in five shipments. The previous four batches arrived on February 24, May 25, July 9, and July 15. According to Nitin Kapoor, chairman and general director of AstraZeneca Vietnam, nearly 8.6 million doses of AstraZeneca COVID-19 vaccine have been delivered to Vietnam through purchase, the COVAX mechanism, and support from other countries. The Southeast Asian country has also received 500,000 doses of Sinopharm vaccine donated by China, two million doses of Moderna provided by the U.S. …

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Illustrative photo. (Source: moitruongxanhvn.com) Hanoi (VNA) – Vietnam aims to use 100 percent of environmentally-friendly plastic bags and packaging at shopping malls and supermarkets by 2025, according to a project on strengthening management of plastic waste in Vietnam approved by Deputy Prime Minister Le Van Thanh on July 22. Other goals include to collect, reuse, recycle and treat 85 percent of plastic waste; to reduce the volume of plastic waste dumped to ocean by half; to have 100 percent of tourism complexes, hotels and other lodging facilities not use non-biodegradable plastic bags and single-use plastic products by 2025. Additionally, the project will gradually cut the production and consumption of non-biodegradable plastic bags and single-use plastic products in daily life; while raising awareness among organisations, enterprises and the community about the harmful effects of single-use plastic items to the environment, ecosystem and human health, and …

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Adams said the U.K. wants to strengthen the comprehensive cooperation with Vietnam in politics, economy, and national defense and security, in the context of the U.K. adjusting its policy towards the Indo-Pacific. Dung spoke highly of the development of the Vietnam-U.K. strategic partnership, and suggested the U.K. continue to help Vietnam access vaccines supplies and provide the country with medical equipment like ventilators and quick test kits so that Vietnam can quickly stamp out the resurgence of COVID-19. The two sides agreed to step up meetings between their high-ranking leaders, both online and in-person, and soon resume regular delegation exchanges and major cooperation mechanisms such as the strategic defense and security dialogue at the deputy foreign ministerial level. Regarding economic cooperation, they emphasized the need to closely coordinate to popularize and optimize opportunities generated by the U.K.-Vietnam Free Trade Agreement (UKVFTA) to create …

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Over the past time, the two countries have strictly embraced and implemented cooperation mechanisms and gained outstanding results in border patrol coordination. In addition, the two sides often shared information, and investigated and handled emergency issues along the shared borderline while promoting information dissemination about laws and COVID-19 prevention and control regulations in border areas. At the event, the two sides pledged to boost information exchange via a hotline or virtual formats to deal with arising problems along the border in a timely manner. Moreover, they also discussed coordination in preventing trans-border crimes, illegal border crossings, identity theft, and so on. Translated by Song Anh …

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National Assembly delegate Phan Duc Hieu, also deputy head of the Central Institute for Economic Management (CIEM), said that the fourth Covid-19 wave has made it difficult for companies to export. "In previous waves we struggled to find markets to export, now there are markets but we cannot manufacture because of the disease spreading," he said at a lawmaker’s meeting on the economy Thursday. The support that the government has been giving is only temporary to help businesses survive, said Hoang Van Cuong, deputy head of the National Economics University in Hanoi, another NA delegate. The government needs to provide better solutions so that support packages not only keep businesses from dying and people from starving but also promote breakthroughs, he said. "If we do not push the recovery of businesses, the risk is that Vietnam’s recovery will be slower than that of other economies." One way to help businesses achieve breakthroughs is lower their loan interest rates …

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The portal of the ASEAN Online Sale Day 2021 (Photo: VNA) Hanoi (VNA) - Member countries of the Association of Southeast Asian Nations (ASEAN) are preparing for the ASEAN Online Sale Day 2021, which is slated for August 8-10. This year's programme will be co-chaired by Brunei, which is Chair of ASEAN in 2021, Singapore and Vietnam. It comprises two tiers for domestic and cross-border transactions . According to the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade, consumers can shop online via the website http://onlineasean.com/ starting August 8. In addition, firms can register to take part in the programme at: https://forms.gle/y97Jn2ajjgw3wUfF7. As Chair of ASEAN last year, Vietnam initiated the organisation of the event on August 8 annually. The ASEAN Online Sale Day is the first online shopping event that will be conducted collectively on a region-wide scale. Its first edition drew more than 200 businesses from …

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Foreign Minister Bùi Thanh Sơn. — VNA/VNS Photo HÀ NỘI — Foreign Minister Bùi Thanh Sơn yesterday had a phone conversation with French Minister for Europe and Foreign Affairs Jean Yves Le Drian. During the phone conversation, Minister Jean Yves Le Drian said he highly appreciated the important developments in the Việt Nam-France strategic partnership, emphasising that Việt Nam is one of the leading partners in French policy within the Indo-Pacific region. The minister agreed to coordinate with Việt Nam in preparing for the upcoming visits of the leaders as well as the organisation of the 12th local cooperation conference between the two countries in 2022. The 50th anniversary of the establishment of diplomatic relations and the 10th anniversary of the establishment of the strategic partnership in 2023 are also coming up. Minister Le Drian also said he highly appreciated Việt Nam's achievements in recent years, both in responding to the COVID-19 pandemic and socio-economic …

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In 2019, Singapore's total trade in goods with the Pacific Alliance was 6.1 billion USD, or around a third of its total trade in goods with Latin America. (Source: Straitstimes) Singapore (VNA) – Singapore and the Pacific Alliance (PA) have concluded negotiations on a free trade agreement, towards the signing of the deal in late 2021, the Singaporean Ministry of Trade and Industry announced on July 22. The Pacific Alliance, which comprises four Latin American nations of Chile, Colombia, Mexico and Peru, is the eighth-largest exporter in the world, with a combined population of 230 million, a per capita gross domestic product of 19,000 USD and annual exports totalling 627 billion USD. It is also the eighth-largest economy worldwide, attracting 56 million tourists, making up 41 percent of the GDP of Latin America and the Caribbean, and accounting for 38 percent of its foreign direct investment. In 2019, Singapore's total trade in goods with the PA was 6.1 billion USD, or …

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At a market in Indonesia (Source: Xinhua/VNA) Jakarta (VNA) – Bank Indonesia (BI) has cut its 2021 economic growth forecast range for the Southeast Asian country to between 3.5-4.3 percent from 4.1-5.1 percent predicted previously. Speaking at a press conference on July 22, BI Governor Perry Warjiyo said the lower prediction resulted from complicated developments of the COVID-19 pandemic, particularly the appearance of the Delta variant. According to the official, Indonesia's economic growth potential remained quite good until the second quarter, fueled by an increase in exports, public spending and non-construction investment. He said that an increase in a number of indicators in early June such as retail sales and purchasing management index showed that the economy was on the way to recovery. Economic growth in the third quarter is forecast to be lower than the previous quarter as the Indonesian Government is tightening restrictions to slow the spread of …

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Many hotels are for sale, especially in the main centres of Ho Chi Minh City, Hanoi, and Danang, photo Le Toan The detrimental impact of the pandemic has brought many hotels on the verge of a financial crisis, and more Vietnamese hoteliers are now seeking foreign investors to sell their assets in the wake of current COVID-19 outbreaks. Vietnam has been an alluring investment destination for hotel investments to both local and foreign investors. The interest to participate in hotel mergers and acquisitions (M&A) is very high, and most international hotel investment groups and funds have been looking at Vietnam. “They see both the short- and long-term potential of the country for hospitality and real estate. In several cases, investors are willing to accept a period of negative cash flow while waiting for recovery,” said Mauro Gasparotti, director of Savills Hotels APAC. However, Gasparotti added, the main obstacle for M&A was never the lack of investment demand but …

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