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Easing weeks of punishing restrictions in the commercial hub would bring relief to China's battered economy, although there is growing concern that Beijing may yet take a similar course of action if it fails to get a nascent outbreak under control. Shanghai's deputy mayor, Wu Qing, said the city of 25 million aims to eliminate Covid outside of quarantined zones within the next week or so. After that, the city's lockdown will be "lifted in batches", with shops opened and traffic restictions eased, he said in the announcement which confirmed a Reuters story from Sunday. The vast majority of Shanghai's more than 2,000 new cases are in areas already under the tightest controls, while those found in the relatively freer communities are the ones most closely watched for clues as to where Shanghai's outbreak is heading. The number of such cases rose to four on May 12, up from two the previous day. Last week, some of Shanghai's residents were allowed outside their housing compounds … [Read more...] about Shanghai aims to defeat Covid over next week as Beijing hunkers down

Leaders of the U.S. and the 10-country Association of Southeast Asian Nations (ASEAN) attended the official working sessions of the ASEAN-US Special Summit on May 13 (Saturday morning Hanoi time). During the summit, the U.S. announced a series of new initiatives, including a $60 million package to expand maritime cooperation, which will entail helping ASEAN countries counter illegal fishing and deploying U.S. Coast Guard personnel to the Indo-Pacific to support maritime training. The administration of U.S. President Joe Biden says the initiative aims to "promote a free and open Indo-Pacific." The United States also affirmed its support for ASEAN's stance on the South China Sea, known as the East Sea in Vietnam, and welcomed ASEAN’s efforts to promote cooperation, dialogue and confidence building in the region, and strive to build an effective and efficient Code of Conduct (COC) in line with the United Nations Convention on the Law of the Sea 1982 (UNCLOS). At a discussion … [Read more...] about Vietnam PM hails ASEAN-US maritime cooperation

Dragon fruit is one of the key crops of Long An Province. — Photo baolongan.vn Demand for Vietnamese dragon fruit in foreign markets is increasing, with many importers interested in high-quality fruit from Viet Nam. The Viet Nam Trade Promotion Agency, the Department of Industry and Trade of Long An Province, and the trade offices of the Vietnamese Embassies in New Zealand and Australia jointly organised a consulting session on exporting dragon fruits to Australia and New Zealand in the southern province of Long An last week. Speaking at the event opening, the Vietnamese Ambassador to New Zealand, Nguyen Van Trung, emphasised the importance of promoting agricultural co-operation, agricultural product trade and market opening for the strategic partnership between Viet Nam and New Zealand. Viet Nam wants New Zealand to share its experience and support Viet Nam in building an international brand and value chain for the global commercialisation of dragon fruit, following the … [Read more...] about Promoting dragon fruit exports to Australia, New Zealand

The local aviation market experienced a strong recovery in April. — VNA/VNS Photo The aviation market in Viet Nam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. According to the Civil Aviation Authority of Viet Nam (CAAV), in April, Viet Nam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were transported through Viet … [Read more...] about Local aviation market sees strong recovery

The aviation market in Vietnam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. The local aviation market experienced a strong recovery in April. VNA/VNS Photo According to the Civil Aviation Authority of Vietnam (CAAV), in April, Vietnam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were … [Read more...] about Local aviation market sees strong recovery

Vietnamese dragon fruit (Photo: VNA) Hanoi (VNA) - Demand for Vietnamese dragon fruit in foreign markets is increasing, with many importers interested in high-quality fruit from Vietnam. The Vietnam Trade Promotion Agency , the Department of Industry and Trade of southern Long An province, and the trade offices of the Vietnamese Embassies in New Zealand and Australia jointly organised an online consulting session on exporting dragon fruits to Australia and New Zealand recently. Speaking at the event opening, Vietnamese Ambassador to New Zealand Nguyen Van Trung emphasised the importance of promoting agricultural cooperation, agricultural product trade and market opening for the strategic partnership between Vietnam and New Zealand. Vietnam wants New Zealand to share its experience and support Vietnam in building an international brand and value chain for the global commercialisation of dragon fruit, following the successful model of New Zealand's kiwi fruit, which is … [Read more...] about Efforts made to promote dragon fruit exports to Australia, New Zealand

Textile is one of the key export products of Vietnam (Photo: SGGP) Representative of Villalobos Modas Company (Brazil) Sergio Arevalo said that South America in general and especially Brazil, in particular, is a potential market for exporting textiles, footwear, and handbags from Vietnam. For instance, Brazil - the largest consumer market with a population of up to 200 million people, on average, each year imports more than US$236 billion value of goods and 30 percent of which comes from Asia including Vietnam. According to the statistics of the General Department of Vietnam Customs, three groups of most exports to the Brazilian market since the beginning of the year include footwear of all kinds with $33.18 million, textiles reaching $12.73 million, and bags, wallets, suitcases, hats, umbrellas achieving $3.33 million. Unlike Brazil and South America in general, the Indian market is considered to be a very potential one for tea and coffee exporters. Mr. Bui Trung Thuong, … [Read more...] about Vietnamese goods displayed in over 200 countries and territories

Last year, around 140 countries and territories agreed in principle to set up a minimum corporate tax rate-illustration photo, Source:Freepik.com At a conference on May 10, the Vietnam Association of Foreign-Invested Enterprises (VAFIE) released its first annual report on foreign direct investment (FDI) in the country. One of the discussion points at the event was the topic of a global minimum corporate tax and its potential impact on Vietnam’s FDI prospects. Last year a landmark agreement was reached on a minimum global corporate tax rate of 15 per cent. However, the proposal is still in its early stages and getting the majority of nations to come to implemented it may take plenty more time. “Large corporations often choose to pour money into nations with good tax regimes and more incentives. If the global minimum tax of 15 per cent is applied, it will certainly have a big impact on businesses in Vietnam,” said Hong Sun, vice chairman of the Korea Chamber of Business in … [Read more...] about Nation urged to prepare for tax overhaul

Investors watch stocks' movements in front of a big screen. — Photo tinnhanhchungkhoan.vn Markets experienced the worst performance since March 2020 last week due to strong selling pressure. Experts said that with the current conditions, downside risk is still dominating the market. Last week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) breached the 1,200-point level after ending the last trade at 1,182.77 points. It lost nearly 120 points just in the last two sessions. The HNX-Index on the Ha Noi Stock Exchange (HNX) also finished the week at a lower level of 302.39 points. The market dipped for three out of five sessions. For the week, the VN-Index dropped by more than 11 per cent, while the northern benchmark HNX-Index declined 12 per cent. On the southern bourse, trading value increased by 79.9 per cent compared to the previous week to VND84.2 trillion (US$3.6 billion), equivalent to a rise of 92.9 per cent in trading volume to 3.1 billion shares. The … [Read more...] about Market likely to expand bearish trend: analysts

Duong Thuy Vi performs in the jianshu event of SEA Games 31 in Hanoi on Friday. She is considered the golden girl of Vietnamese wushu, who often claims gold for Vietnam in SEA Games and Asian Games. Vi solidified herself as one of the most successful Vietnamese wushu athletes with two world titles, one Asian Games gold and six SEA Games gold, including two at the ongoing Games. Tran Thi Kieu Trang competes in the jianshu event. The girl from Quang Ninh Province said that she developed a passion for wushu after watching other athletes perform on TV. Wushu is a soft, hard and mixed martial art originated from China. Its events are performed using compulsory or individual routines. Before the performance, the athletes must first register for difficulty level A, B or C. In the freestyle event, the referee will give the score based on difficulty and the skill of the athletes. … [Read more...] about SEA Games: The beauty of Vietnamese wushu