Covid 19

The shipment of 1 million doses of COVID-19 vaccine produced in Japan under AstraZeneca Plc.’s license is due to arrive in Vietnam on June 16. (Photo: VnEconomy) The decision has been made after Japan comprehensively considered the infection situation in Vietnam, the shortage of vaccines and Japan-Vietnam relationship, Motegi said in a news conference in Tokyo. Vietnam has been facing a resurgence of infections since late April, with its health authorities reporting a hybrid coronavirus variant that combines characteristics of strains first detected in Britain and India. The shipment of the vaccine produced in Japan under AstraZeneca Plc.’s license is due to arrive in Vietnam on June 16, he added. Motegi further noted that Japan is considering additional vaccine donations to Vietnam and Taiwan (China) after taking into account supplies to other countries, the global infection and barriers to vaccine provisions among other factors. Japan also plans similar shipments to other Southeast Asian nations, namely Indonesia, Malaysia, the Philippines and Thailand, in June and July, according to Motegi. The shipment to Vietnam, Taiwan and other Asian neighbours are being made outside of COVAX Facility to speed up delivery, he said, since if everything goes through COVAX, the procedures in getting approval may take time. On June 2, Japanese Prime Minister Suga Yoshihide has pledged 30 million doses for needy countries. Vietnamplus …

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Illustrative photo. (Source: VNA) Hanoi (VNA) – Despite the complexity of the fourth COVID-19 wave , Vietnam’s GDP growth is forecast to exceed 6.5 percent this year on the back of surging industrial production and global economic recovery, according to Assoc. Prof. and PhD Dinh Trong Thinh, a senior economist from the Academy of Finance. Given the economy is growing well in the first half of 2021, it is likely to expand over 7 percent in the remaining months, setting the scene for the country to achieve an overall GDP growth of at least 6.5 percent this year, Thinh told the Lao Dong (Labour) newspaper. The coronavirus is gradually brought under control, he said, plus domestic production has been experiencing positive growth, with manufacturing and processing picking up at a current rate of 10 percent. The sector may rise by 17 – 18 percent during the final months of 2021, he added. Data shows that industrial production index in the first five months of the year advanced 9.9 percent year-on-year, with manufacturing and processing up 12.6 percent. Total retail sales of goods and services hiked 7.6 percent year-on-year. Thinh went on to say that the US, Chinese and EU economies are bouncing back, and increases in global credit demand will provide a good opportunity for Vietnam’s exports. The US’s economic growth remains positive at present and Vietnam’s shipments to the US is growing strong, he added. A recent report by RongViet Securities Corporation (VDSC) forecast that the country’s GDP will grow by 7.2 percent in the second quarter of 2021 and 6.5 percent for the year as a whole. Asian Development Bank (ADB) Country Director for Vietnam Andrew Jeffries said Vietnam is capable of achieving the twin goals of curbing the pandemic and sustaining economic growth this year. The country’s success in containing the virus has strengthened foreign investors’ confidence in its economy, he added. It is important for Vietnam to boost growth and …

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Workers at a Ha Tay Chemical Weave Co.Ltd in Hanoi. (Photo: VNA) Hanoi, June 15 (VNA) –  Despite facing difficulties caused by the COVID-19 pandemic, Vietnam's footwear industry still achieved double-digit growth and some companies have received long-term orders. Dang Van Ngoc, Director of Tan Phat Leather Shoes and Wallets Company Limited, said since the start of the COVID-19 pandemic , especially during the outbreak in Europe, customers in this market cancelled 80 percent of orders. Its turnover reached 320 billion VND (13.9 million USD) last year with two million pair of shoes. The figure is expected to rise to 380 billion VND (16.5 million USD) this year. European Union - Vietnam Free Trade Agreement (EVFTA). tax incentives as well as opportunities brought about by the EVFTA, according to the MoIT. VNA …

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