July retail sales plunges nearly 20% due to COVID-19 Total retail sales of goods and services shrank 8.3 percent month-on-month in July to 14.84 billion USD as a result of restrictions induced to stem the ongoing COVID-19 outbreak. Total retail sales of goods and services in the first seven months of this year exceeded 121 billion USD, up 0.7 percent year on year. The Ministry of Industry and Trade is formulating specific plans to stimulate consumption and sustainably develop the domestic market./. Vinamilk posts record high net revenue in Q2 2021 The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Vietnam, posted a record high in net revenue of 15.71 trillion VND (682.57 million USD) in the second quarter of 2021, a year-on-year rise of 1.4 percent, according to its financial report. The figure also rose by 19.2 percent compared to the previous quarter. The company’s after-tax profit exceeded 2.86 trillion VND in the period, a year-on-year …
Vietnam’s position in US defense strategy in Southeast Asia
The US Secretary of Defense is on a trip to Singapore, Vietnam and the Philippines. This is the first visit to Southeast Asia by a top official in the Biden administration. In Singapore, Mr. Lloyd Austin spoke at an event organized by the International Institute for Strategic Studies (IISS). The visit of the Pentagon leader demonstrates that the Biden-Harris administration considers Southeast Asia an important part of the Indo-Pacific region. The US Secretary of Defense’s two-day visit to Vietnam has just concluded. America's commitment to the region Vietnamese Defense Minister Phan Van Giang welcomed his American counterpart Lloyd Austin on the morning of July 29. Photo: Pham Hai This visit underscores the United States' enduring commitment to the region and its interest in upholding the rules-based international order in the region and promoting ASEAN’s central role. As US Defense Secretary, Mr. Austin has visited Europe twice to mend relations with …
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Online tourism in the midst of the pandemic
The longer the pandemic lasts, the more it will be necessary to see online tourism as a necessary direction to open the flow of tourism and partly limit the heavy losses being experienced in the industry. In the context of the Covid-19 outbreak, with all tourism activities paralyzed, most tourism personnel have had to quit or change jobs, but there are still units and individuals willing to create initiatives and ways to make tourism operate in its own way. Le Hoang with his online tour introducing Vietnamese coffee products to international guests. Immediately, the young guide began to plan in detail the first online tour on the topic of Vietnamese coffee culture, teaching visitors how to make traditional Vietnamese coffee. All he needs is an internet-connected phone, a tripod, a noise-canceling microphone and the necessary ingredients. Because it is an online tour, visitors can closely witness each stage, performed through the screen and interact directly with …
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India seeks to pour $500-mln into Vietnam pharmaceutical hub
The idea of setting up the pharmaceutical industrial park was launched during recent trade and investment promotion sessions for the pharmaceutical industry organized by the Vietnamese Embassy in India, according to the local Vietnam Trade Office. Vietnamese Ambassador to India Pham Sanh Chau said construction of the pharmaceutical industrial park would open an opportunity to welcome large pharmaceutical giants for long-term investment, helping Vietnam reduce dependence on traditional pharmaceutical supplies and diversify production chains. It is estimated the industrial park would create jobs for 50,000 direct and 200,000 indirect workers, earning export revenue of about $5 billion per year. Leaders of localities in Da Nang and Thua Thien-Hue in central Vietnam, Long An in southern Vietnam, and Hai Duong, Bac Ninh, and Thai Nguyen in the north have discussed land rent, geographical location, transport infrastructure and investment incentive mechanisms with Indian investors. …
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2021 a very special year for Swiss-Vietnamese partnership: Ambassador
Hanoi (VNA) – On the occasion of the National Day of Switzerland (August 1), the upcoming visit to Vietnam by the European country’s Vice President and Foreign Minister Ignazio Cassis, and the 50th anniversary of the bilateral diplomatic relations, Swiss Ambassador to Vietnam Ivo Sieber wrote an article describing 2021 as a “very special” year for the Swiss-Vietnamese partnership . Following is the full text: Commemorating a national day is an exceptional event for any country. On August 1, Swiss nationals in Switzerland and all over the world proudly remember the founding of their country in 1291. Observing this year’s Swiss national day here in Vietnam is singularly special. Not only is Switzerland reminiscing the 730th centenary of its foundation. This year, Vietnam and Switzerland are also looking back on half a century of bilateral diplomatic relations. Moreover, 2021 also marks three decades of Swiss-Vietnamese development cooperation. The Landmark81 in Ho Chi …
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Four trade associations propose to buy vaccines for member companies from UAE
The four trade associations would pay for the vaccination of their employees from their own pockets The Vietnam Textile and Apparel Association, Vietnam Leather, Footwear and Handbag Association, Vietnam Electronic Industries Association, and Handicraft and Wood Industry Association of Ho Chi Minh City have recently submitted a document to the prime minister as well as the ministries of Health and Industry and Trade about the matter. Accordingly, the associations have been actively discussing vaccine sourcing with UAE's Royal Strategic Partners. In mid-July 2021, the Vietnamese embassy in the UAE has held a meeting with the company to assess its ability to supply vaccines. The four associations proposed that the government and the Ministry of Health preside over negotiations with Royal Strategic Partners or assign a Vietnamese importer that is eligible to carry out import procedures. This will faciliate associations to vaccinate workers at factories as soon as possible. Their …
A very special year for the Swiss-Vietnamese partnership
Ivo Sieber* Commemorating a national day is an exceptional event for any country. On August 1, Swiss nationals in Switzerland and all over the world proudly remember the founding of their country in 1291. Observing this year’s Swiss national day here in Việt Nam is singularly special. Not only is Switzerland reminiscing the 730th centenary of its foundation. This year, Việt Nam and Switzerland are also looking back on half a century of bilateral diplomatic relations. Moreover, 2021 also marks three decades of Swiss-Vietnamese development cooperation. The coincidence of two significant jubilees in our countries’ relations extends well beyond symbolism. Switzerland was one of the very first Western countries to establish bilateral ties with Việt Nam on 11 October 1971. But Swiss-Vietnamese relations already started in the 19th century, thanks to adventurous Swiss trading companies coming to Việt Nam. Later, Swiss born bacteriologist Alexandre Yersin followed: he spent …
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