During the 2016-2020 period, the two-way trade saw stable expansion and reached the target of over 1 billion USD, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded 1 billion USD in 2020, down 11.5 percent year-on-year, of which Vietnam’s exports were worth 571.7 million USD, down 18.5 percent. However, the bilateral trade bounced back since early 2021, surging 33.3 percent to 1.37 billion USD for the year, with Vietnam’s export revenue reaching 594.7 million USD, a rise of 4 percent from 2020, and its import hitting 778.2 million USD, up 69.8 percent. The results are attributable to the political resolve by Vietnamese and Lao leaders and the drastic management of competent agencies to remove obstacles facing businesses of the two countries and create optimal conditions for them to quickly adapt to the new situation. In … [Read more...] about Vietnam – Laos trade ties growing sustainably
Travelers will face new restrictions and cancellations az coronavirus cases grow in the us
Slight decrease in COVID cases on Monday
A sixth-grader in Long Xuyên City, in the southern province of An Giang, is inoculated against COVID-19. — VNA/VNS Photo Thanh Sang HÀ NỘI — A total of 1,550 new COVID-19 cases were reported on Monday, a fall of 46 compared to Sunday, as well as two deaths. The latest numbers bring the total national caseload to 10,698,180 so far. Among the new infections, just two were imported and the rest were domestic. A total of 1,355 new transmissions were detected in the community. The capital city of Hà Nội again recorded the highest number of infections with 437, followed by northern Bắc Ninh Province with 98. The other cases were found in Yên Bái (76), Quảng Ninh (75), Nghệ An (64), Vĩnh Phúc (63), Tuyên Quang (61), Thái Bình (54), Phú Thọ (53), Hải Dương (45), Quảng Bình (44), Thái Nguyên (44), Lào Cai (33), Bắc Kạn (25), Bình Dương (24), Đà Nẵng (22), Hà Tĩnh (22), Hưng Yên (22), Thanh Hóa (22), Ninh Bình (21), Hải Phòng (19), HCM City (19), Hòa Bình (17), Hà Nam (16), Nam Định … [Read more...] about Slight decrease in COVID cases on Monday
COVID-19 new cases in Việt Nam on May 16 afternoon
Cases reported in Hà Nội (437), Bắc Ninh (98), Yên Bái (76), Quảng Ninh (75), Nghệ An (64), Vĩnh Phúc (63), Tuyên Quang (61), Thái Bình (54), Phú Thọ (53), Hải Dương (45), Quảng Bình (44), Thái Nguyên (44), Lào Cai (33), Bắc Kạn (25), Bình Dương (24), Đà Nẵng (22), Hà Tĩnh (22), Hưng Yên (22), Thanh Hóa (22), Ninh Bình (21), Hải Phòng (19), Hồ Chí Minh City (19), Hòa Bình (17), Hà Nam (16), Nam Định (16), Bình Phước (15), Cao Bằng (15), Quảng Trị (14), Sơn La (11), Bà Rịa-Vũng Tàu (11), Điện Biên (11), Quảng Ngãi (11), Hà Giang (11), Lạng Sơn (8 ), Lâm Đồng (7), Tây Ninh (6), Lai Châu (5), Bến Tre (5), Phú Yên (5), Cà Mau (4), Bắc Giang (4), Long An (3), Bình Định (3), Đồng Tháp (2), Khánh Hòa (2), Vĩnh Long (1), Kiên Giang (1), Hậu Giang (1) … [Read more...] about COVID-19 new cases in Việt Nam on May 16 afternoon
AstraZeneca: three healthcare priorities in the new normal
Nitin Kapoor-Chairman and general director AstraZeneca Vietnam At AstraZeneca, our scientists, lab researchers, medical, regulatory and corporate affairs teams, amongst others, have worked tirelessly to see this day. We told ourselves that this is probably the only chance in our lifetime to play such an important role in fighting a pandemic of this scale. It was our duty to offer our best to protect the people. We worked closely with the Vietnamese government, the Ministry of Health, VNVC, and other partners to deliver and support the bilateral donations of more than 70 million doses of AstraZeneca’s COVID-19 vaccine. Our motivation was to ensure that Vietnam would be one of the first countries in Asia to have access to vaccines to save lives. Vietnam now possesses one of the highest vaccination rates in the world, and we cannot be prouder of what we have accomplished together. But as a healthcare company, our responsibility does not stop there. While the hardest part of the … [Read more...] about AstraZeneca: three healthcare priorities in the new normal
Additional 1,550 Covid-19 infections announced on Monday
The number of new Covid-19 infections continued to drop with 1,550 cases recorded on Monday, down 46 cases from the previous day, according to the Ministry of Health. According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in 48 out of 63 localities in the country with some localities seeing the highest numbers including Hanoi (437), Bac Ninh (98), Yen Bai (76), Quang Ninh (75), and Nghe An (64). As of Monday evening, the number of Covid-19 patients in Vietnam has increased to over 10.70 million. The country now stands 12th among 227 countries and territories worldwide in the number of infections. On May 16, an additional 4,723 more patients recovered from the disease, raising the number of recoveries in the country to over 9.35 million. On Monday evening, two deaths related to Covid-19 was announced, total fatalities stayed at 43,067. By May 15, the country had injected more than 217 million doses of Covid-19 vaccines, including … [Read more...] about Additional 1,550 Covid-19 infections announced on Monday
Techcombank on track for a seat among the top ASEAN banks
Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks
Vietnam’s economic recovery gaining momentum
Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum
Hanoi promotes tourism among visitors attending SEA Games 31
The capital city and its neighboring provinces introduce attractive tourist destinations, products, and services to international visitors. Themed “Hanoi - Den de yeu” (Hanoi- Visit It to Love It), Hanoi Tourism Festival 2022 is an opportunity to promote the image of a safe and friendly capital on the occasion of the 31st SEA Games. That is the affirmation of Nguyen Manh Quyen - Vice Chairman of the Hanoi People’s Committee at the festival’s opening ceremony last weekend. Leaders of Hanoi city and delegates visited the tourist booth at the opening ceremony of Hanoi Tourism Festival 2022. Photo: Le Nam Admiring the “technological wall” showing Hanoi’s scenic spots The festival was organized with various new and impressive features. Besides advertising through booths and miniature models of landscapes such as Thang Long Imperial Citadel, Temple of Literature - Imperial Academy, Hoa Lo Prison, and Hanoi’s Old Quarter, among others, the festival also showcases … [Read more...] about Hanoi promotes tourism among visitors attending SEA Games 31
Two British tourists killed in motorbike crash in Hội An: Police
The site of the traffic incident involving two British tourists in Hội An City, Quảng Nam Province. — Photo courtesy of the local police HÀ NỘI — Two British tourists, a man and a woman, died in a motorbike crash in the central city Hội An (Quảng Nam Province) early Monday morning, police have confirmed. Đinh Xuân Nghĩ, head of the city’s police, said the accident occurred at 3:40am in front of a residential house at No.208 Hùng Vương Street, Thanh Hà District. The two were travelling on one motorbike when the accident happened. The victims have been identified as Denver Christopher Marcus (born in 1997) and Thompson Peth May (born in 1998), both UK nationals, who were staying at a hotel on Cửa Đại Street. Nghĩ said their motorbike crashed into a power pole on the side of the road while they were driving from Hội An City to Điện Bàn Commune (also in Quảng Nam Province). Whether the two were driving under influence would need forensic appraisal, but this procedure would … [Read more...] about Two British tourists killed in motorbike crash in Hội An: Police
FPT Software opens 10th office in the US
Prime Minister Pham Minh Chinh attended the opening ceremony of FPT Software's new office in New York City Speaking at the ceremony, Prime Minister Pham Minh Chinh stressed the importance of the event in the context of Vietnam’s rapid recovery after the pandemic, showing the country’s sustainable socioeconomic development with a focus on technology and innovation. The PM believed that FPT would develop faster and stronger, contributing to the development of science and technology among Vietnam’s businesses. Dang Tran Phuong, CEO of FPT Americas said, “This is a milestone asserting our rapid and strong growth in the world's largest economy. In the next three years, we expect the new office to contribute 20 per cent of FPT Software's total revenue in the US, with the number of employees working directly with US reaching 5,000 people." This is FPT Software's 10 th office in the US and the company's 58 th worldwide. The new office is located at 295 Madison Avenue in New York … [Read more...] about FPT Software opens 10th office in the US