Major General Nguyen Hung Thang, Second-in-Command and Chief of the Staff of the General Department of Logistics, Head of the committee, chaired the event. In this first-ever exercise, coded HB-21, the two militaries will deploy the level-2 field hospital of each side. As scheduled, from December 6 to 12, in Mong Cai city of the Vietnamese province of Quang Ninh, the two military medical forces will rehearse the collaboration between the two countries’ joint military medical headquarters, deploy search and rescue forces, receive and give emergency aid to a large number of victims at level-2 field hospitals of each side, practice cholera prevention and control for people in earthquake-hit areas, to name but a few. Stressing the importance of the exercise to boost the intensive and substantive cooperation between the two militaries, General Thang said that through the exercise, the command, coordination capability in medical relief and disease prevention and control will be raised …
VIETNAM BUSINESS NEWS NOVEMBER 23
Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, …
Seven commodities with export value hitting over US$10 billion each
Vietnam has boasted seven commodities with an export turnover exceeding US$10 billion each as of November 15 following the post-pandemic resumption of various businesses. Iron and steel products record strong export growth by mid-November. The first two weeks of November saw Vietnam rake in US$14.61 billion from exports, raising the country’s total export value since the beginning of the year to US$284.45 billion, a year-on-year increase of 17.7%. Most notably, iron and steel joined the US$10-billion export product club for the first time, alongside six other groups of commodities, namely phones and components, computers, electronic products and components, machinery, garments and textiles, footwear, and timber and wood products. Among the key hard currency earners, phones and computers recorded the highest earnings of US$48.8 billion and US$43 billion respectively, while machinery and equipment ranked third with turnover of US$31.77 billion. They were followed by …
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FTAs momentum for Vietnam’s exports
Since joining the World Trade Organisation 15 years ago, Viet Nam has become a part of 17 FTAs, which are either under negotiation or underway. This has helped create a momentum for the country's exports. Viet Nam’s total export-import value rise from $84.7 billion in 2006 to $545.3 billion in 2020. Workers make shoes for export. Now, the Ministry of Industry and Trade (MoIT) is enhancing the formation of a portal that will make accessing information on the current and upcoming FTAs easier for Vietnamese businesses. Ngo Chung Khanh, Deputy Director of the MoIT’s Multilateral Trade Policy Department, said that 2021 has been a difficult year for businesses and the wider economy, but there is still hope for the future. He mentioned export turnover as an example, in which traditional markets like China and other ASEAN countries were supplemented by the US and other countries that Viet Nam has signed Free Trade Agreements with. Thanks to two newly-signed FTA's, …
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US donates two million more COVID-19 vaccine doses to Vietnam
The United States has additionally offered Vietnam over two million Pfizer-BioNTech COVID-19 vaccine jabs, bringing its total donations to the Southeast Asian country to more than 18 million doses. “Another shipment of 2,074,410 doses of Pfizer vaccine arrived in Hanoi early this morning,” the U.S. Embassy in Vietnam said in its verified Facebook page on Friday. The U.S. has so far donated over 18 million vaccine doses to Vietnam through COVAX as part of its steadfast commitment to support Vietnam in the fight against COVID-19, the embassy said. “And more are on the way!” it added. The two countries have cooperated to improve Vietnam’s capacity in response to the COVID-19 pandemic, based on their long-term cooperative relationship, according to the embassy. The U.S. has aided nearly US$1 billion to Vietnam over the past years for develop health infrastructure development, and the former has also committed $26.7 million as support for Vietnam to respond to the pandemic. In …
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Hanoi village famous for making national flags in past 7 decades
The village has made millions of flags for national events. During these days, the villagers of Tu Van village, Le Loi commune, Thuong Tin district, Hanoi are busy making national flags on the occasion of the 75th anniversary of the August Revolution (August 19, 1945-19 August 2020) and the National Day (September 2, 1945-September 2, 2020). Located more than 30 km south of Hanoi, Tu Van village has been famous for sewing national flags for over 70 years. According to the elderly villagers, since ancient times Tu Van village was famous for its traditional weaving and embroidery crafts. In August 1945, the Resistance Committee commissioned the town's artisans to embroider the flag of the Homeland in the lead-up to the August Revolution. Since then millions of flags made by craftsmen of Tu Van village have been waved by Vietnamese people in major events. Many Tu Van villagers were employed by the Co Do (Red Flag) …
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