For january 21

Container scarcity, input material price rises, and travel restrictions are just some of the factors damaging supply chains, Photo: Le Toan Demonstrating the wide reach that geopolitical tensions and the drag from global supply chain disruptions are causing worldwide, lowered prospects for mergers and acquisitions (M&As) in Asia-Pacific are being projected for the rest of the year, after the number of such deals fell in the first several months of 2022. A total of 123 finance sector M&A deals were reported in the January-to-March quarter, compared with 165 in the same period of last year, S&P Global Market Intelligence data shows. The ongoing conflict in Ukraine, supply chain bottlenecks, and inflation concerns slowed down deal-making in the first quarter. “We expect to see deals start and stop as companies try to time when best to take the plunge,” said Sophie Mathur, partner and Asia head of corporate at law firm Linklaters. Despite the emerging opportunities, … [Read more...] about Reset required for supply chain woes

Many delegates discuss solutions to reduce congestion at Cat Lai Port in HCMC. (Photo: SGGP) The workshop attracted more than 70 delegates from customs authorities, ministries, and the business community to discuss this action plan. At the workshop, the relevant units announced 21 recommendations to improve the operational efficiency of Cat Lai Port to meet the increasing demand. Before the Covid-19 pandemic, the port was operating at full capacity. Meanwhile, the demand calculated by the number of containers is forecast to double by 2030. The above 21 recommendations are the results of a pre-feasibility study on congestion prevention and logistics facilitation at Cat Lai Port conducted by the Trade Facilitation Project funded by the USAID from May 2020 to March 2021. The study comprehensively reviewed port operations on an area of 160 hectares to assess operational efficiency, bottlenecks, and shortcomings in the process of enhancing the handling capacity of the port. On … [Read more...] about HCMC cooperates with USAID to ease container congestion at Cat Lai Port

Shannon Leahy, trade commissioner for Austrade, and general director of BRG Retail Nguyen Thi Thanh Thuy. Photo: Austrade Australia is one of Vietnam’s major suppliers of beef ad lamb products. Local consumers can enjoy a growing range of Australian products from fresh fruits, dairy, seafood, and beverages including a diverse range of sparkling, red, and white wines. Cherries, citrus, table grapes, milk, yoghurt, cheese, cereals, juices, rock lobsters, and abalone are just some of the beloved Australian products that have made it into Vietnamese stores, restaurants, and homes. General director of BRG Retail Nguyen Thi Thanh Thuy said, “Vietnamese consumers increasingly demand clean, fresh, and delicious products with premium quality and transparent origins regardless of if they are eating out or at home. Australian suppliers can offer exactly what they want, including high-quality sustainable meat, delicious fruits, the finest dairy and cereals, and premium seafood … [Read more...] about Vietnamese consumers’ growing interest in Australian F&B products

Vietnam achieved decent growth in the first quarter despite global geopolitical instability. The socioeconomic statistics report for the first quarter of 2022 of the General Statistics Office published on March 29 stated that GDP in the first quarter was estimated to increase by 5.03 per cent over the same period last year. A day before the report, Fitch Ratings forecast that Vietnam’s growth would recover to 6.1 per cent in 2022 and 6.3 per cent in 2023 thanks to increased domestic consumption, exports, and investment inflows. For the nation’s economic progress, the Power Development Plan VIII (PDP8) is the basis to guarantee the stability of Vietnam’s power source system. According to the Ministry of Industry and Trade (MoIT), by the end of 2021, the total installed capacity of renewable energy sources reach around 20,670MW, accounting for 27 per cent of the total installed capacity of the whole system (76,620MW). Finding the spark to ignite energy goals, illustration … [Read more...] about Finding the spark to ignite energy goals

Six men’s teams and five women’s teams played in the round-robin format, with four matches for female players and five matches for their male teammates. Quang Liem and Tran Tuan Minh competed in the men’s event, and Pham Le Thao Nguyen and Vo Thi Kim Phung in the women’s competition. After five matches, Liem and Minh recorded 6.5 points to win the gold medal. The silver medal went to the Philippines while Indonesia and Thailand shared the bronze medal. In the women’s event, Nguyen and Phung defeated their Malaysian rivals and earned six points, drawing with Indonesia. However, they dropped to silver based on previous results. The bronze went to the Philippines. Individual and team blitz chess events will take place on May 20 and 21. Source: VNA … [Read more...] about SEA Games 31: Vietnam win gold in men’s team rapid chess

Ben Tre-born swimmer Pham Thanh Bao opened an impressive competition day of Vietnamese athletes with his an ecstatic performance in the men's 50m breaststroke event. The 21-year-old swimmer won a gold medal with a time of 28.28 seconds, beating strong rivals from Indonesia and Singapore. It was also his second gold at this year’s Games. Meanwhile, Tran Hung Nguyen pocketed a gold medal after his surprising performance in the men’s 200m medley event with a time of 2 minutes and 1.22 seconds. The 19-year-old swimmer competed with their strong rivals Kaewsriyoung Dulyawat of Thailand and Maximillian Wei Ang of Singapore in this event. The silver and bronze medalists in the day were Vo Thi My Tien and Hoang Quy Phuoc, respectively, who competed in the women’s 1,500m freestyle and the men’s 200m freestyle events. Closing the 5th day of competition, the Vietnamese swimming team pocketed a total of nine gold medals, 10 silvers and two bronzes, officially exceeding the set target of 8 … [Read more...] about Vietnamese swimming team exceeds gold medal target at SEA Games 31

Tourists at Angkor Wat in Siem Reap, Cambodia (Photo: khmertimeskh.com) Phnom Penh - Tourists who have not been vaccinated against COVID-19 will not be exempted from quarantine when entering Cambodia, according to the national press agency of Cambodia AKP. AKP quoted Prime Minister Hun Sen as saying at a meeting on May 17 with the Samdech Techo Young Volunteer Doctors Association (TYDA) that Cambodia welcomes all visitors, but people who have not been vaccinated against COVID-19 must still be quarantined for seven days. The PM emphasised that Cambodia has overcome the epidemic waves caused by variants of the SARS-CoV-2 virus such as Alpha, Delta and Omicron, but has not yet conquered COVID-19. Cambodia is devoting all of its efforts to pushing the COVID-19 vaccination programme, so unvaccinated travellers cannot enter without quarantine. Travellers who have been immunized against COVID-19 do not need to be quarantined and are not required to take rapid or PCR tests before … [Read more...] about Unvaccinated tourists not exempted from quarantine upon arrival in Cambodia

Jakarta (VNA) - Indonesia's trade surplus hit a record high in April, surpassing its peak in last October amid soaring global commodity prices that boosted exports. The National Statistics Agency (BPS) announced on May 17 that Indonesia had registered a surplus for the 24th consecutive month in April, which had more than tripled to 7.56 billion USD year on year and increased 66 percent month on month. Economists forecast that Indonesia will benefit from rising in global commodity prices due to the impacts of the Russia-Ukraine conflict as revenues from the exports of crude palm oil (CPO), coal, and metal ores are higher than the increase in imports. According to BPS, Indonesia ’s exports reached 27.32 billion USD in April, up 47.76 percent year on year. The mining industry had the strongest export growth, almost doubling year on year to 6.41 billion USD.  Meanwhile imports rose 21 percent to 19 billion USD. China remained Indonesia's top export destination, … [Read more...] about Indonesia enjoys largest trade surplus in history in April

A health worker collects samples for testing. — VNA/VNS Photo HÀ NỘI — Việt Nam reported 1,716 new COVID-19 infections on Thursday, bringing the national total to 10,704,524, according to the Ministry of Health. There was one imported case. Hà Nội still topped the list of new transmissions with 381, followed by the central province of Nghệ An with 126. The other areas that recorded cases were Phú Thọ (111), Vĩnh Phúc (83), Yên Bái (66), Quảng Ninh (64), Tuyên Quang (63), Quảng Bình (53), Bắc Kạn (51), Hải Dương (49), Sơn La (48), HCM City (46), Thái Bình (43), Thái Nguyên (42), Lào Cai (41), Hải Phòng (31), Đà Nẵng (30), Nam Định (29), Hưng Yên (27), Ninh Bình (27), Lâm Đồng (24), Hà Nam (23), Hà Giang (22), Lai Châu (21), Bình Dương (20), Hòa Bình (20), Quảng Trị (18), Lạng Sơn (17), Cao Bằng (15), Bình Phước (15), Thanh Hóa (13), Bà Rịa-Vũng Tàu (12), Bình Thuận (11), Đắk Nông (11), Gia Lai (10), Điện Biên (10), Bình Định (7), Bến Tre (7), Bắc Giang (6), Quảng … [Read more...] about Việt Nam records 1,716 new COVID-19 transmissions on Thursday

Việt Nam's Nguyễn Thùy Linh stretches to return the shuttlecock against Indonesia's Kuttri Kusuma Wardani. VNA/VNS Photo Danh Lam Xuân Đăng In the women's singles badminton event, Vietnamese players Nguyễn Thùy Linh and Vũ Thị Trang lost to Indonesian opponents and were eliminated in the qualifying round on May 19. In the match between Linh and Putri Kusuma Wardani, the Indonesia player put in an impressive performance with a 2-0 victory, thanks to a score of 21-9 and 21-17 over two sets. Meanwhile, Trang's opponent was Gregori Mariska Tunjung, Indonesia's No. 1 female badminton player who is ranked 30th in the world. Despite the oppositon, Trang played impressively and won the first set with a 21-17. However, in the second set, the Indonesian player regained her composure and won 21-5. The third set was the decider for the quarterfinals. The score went back and forth, causing excitement in the stands at the Bắc Giang Provincial … [Read more...] about Việt Nam women stopped in badminton singles qualifying round