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Chemical consulting firms

/ February 28, 2021

Over 8,000 firms newly established in February

Such enterprises are expected to hire about nearly 57,000 workers, down 22.1% compared with the same period in 2020. The first two months of 2021 saw the new establishment of over 18,000 firms, down 4% year on year, with a total number of registered workers of 173,000. The number of enterprises resuming operations was 11,033 (down 7.6%). Additional registered capital in the economy was estimated to have reached over VND720.4 trillion (over US$31.2 billion) in the first two months of this year, up 12.4%. The average capital of new companies was VND18.5 billion (over US$801,621), up 46.4%. …

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/ February 28, 2021

Viettel on the way to becoming a world leading defense industry group

The 12th National Party Congress determined: “Promoting the development of the defense and security industry for both military and civilian purposes; increasing resources, creating modern material and technical foundations for the development of the People's Army and the People's Public Security Forces, meeting the requirements of protecting the Fatherland in the new situation.” While inheriting that point of view, the political draft report at the 13th National Party Congress also gives new points: “Building and developing a modern dual-use defense and security industry, both satisfying the requirements of the task of protecting the Fatherland and making an important contribution to national socio-economic development.” To clarify the new points in the political report at the 13th National Party Congress, reporters of the People's Army Online Newspaper had an interview with Major General Hoang Son, Secretary of the Party Committee and Deputy General Director of Military Industry - Telecoms Group (Viettel). Researching and developing high level technologies for national defense Reporter: Mr. Deputy General Director, documents of the 13th National Party Congress mention the need to develop a number of key science and technology branches to solve urgent issues and apply scientific and technological advances to both economic and defense sectors. What do you think about this policy and what will Viettel do to successfully realize it? Major General Hoang Son: The new contents articulated in the documents of the 13th National Party Congress on the issues are the developments of the Resolution of the 12th National Party Congress. These developments have reflected the flexibility and creativity of the Party in response to the new situation. Regarding its development strategy, Viettel has so far established business, trade and investment ties with more than 120 partners from 35 countries. Thanks to our widespread business network, we can easily access …

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/ February 28, 2021

Vietnam racks up US$1.29 billion in trade surplus in two months

The country’s trade turnover during January-February topped some US$95.81 billion, a year-on-year surge of 25.4%. Of the total, exports amounted to US$48.55 billion, a yearly hike of 23.2%, while imports were estimated at US$47.26 billion, or 25.9% higher than the same time last year. Foreign-invested companies accounted for 76.4%, or US$37.07 billion, of Vietnam’s total export turnover. Meanwhile, the domestic sector shipped abroad US$11.48 billion worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts (US$9.3 billion, up 22.8% year-on-year); electronics, computers and parts (US$6.9 billion, up 27.3%); equipment, machines and parts (US$5.5 billion, up 72.6%); footwear (US$3.2 billion, up 15.4%); and wood and wooden products (US$2.4 billion, up 51%). They made up 73% of the country’s export turnover. Vietnam also saw strong surge in shipments of several agricultural products, such as fruits and vegetables (US$610 million, rising 14.6%), rubber (US$516 million, increasing 109.7%), cashew (US$442 million, up 21.5%), and cassava (US$256 million, hiking 78.2%). The US was Vietnam’s biggest importer as it splashed out US$14.2 billion on Vietnamese products, or 38.2% higher than the amount it spent the same time last year. China came second with US$8.5 billion, followed by the EU with 6.3 billion, ASEAN US$4.2 billion, the Republic of Korea US$3.4 billion, and Japan US$3.2 billion. Meanwhile, the country spent big (US$47.26 billion) on imports, with foreign-invested sector purchasing US$31.64 billion worth of products from abroad for production, up 31.4%, while that of the domestic sector surged 16% to US$15.62 billion. In the two-month period, China was the largest exporter of Vietnam, with revenue estimated at US$17.3 billion, up 85.7% year-on-year, followed by the Republic of Korea with US$8.4 billion, ASEAN US$5.6 billion, Japan US$3.1 billion, EU US$2.3 billion, and the US US$2.1 billion. In a …

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