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Data flow chart

/ March 1, 2021

Vietnam posts trade surplus of US$1.3 billion in 2-month period

The Hanoitimes - The foreign-invested sector made up 76.4% of Vietnam’s total exports in the first two months with US$37.07 billion, representing an increase of 30.5% year-on-year. Vietnam reported an estimated trade deficit of US$800 million in February, narrowing the trade surplus in the first two months of 2021 to US$1.29 billion in 2019, the General Statistics Office (GSO) has said in a monthly report. Data: GSO. Chart: Ngoc Thuy Overall, Vietnam's trade turnover in the January-February period is likely to rise by 24.5% year-on-year to reach US$95.81 billion, of which its export value could amount to US$48.55 billion, up 23.2% year-on-year, and imports are estimated at US$47.26 billion, up 25.9%. According to the GSO, the foreign-invested sector made up 76.4% of the total exports with US$37.07 billion, representing an increase of 30.5% year-on-year, and the domestic-invested sector with US$11.48 billion, or 23.6% of the total. Among Vietnam’s key export staples, phones and parts are predicted to earn the largest export turnover during the January-February period at US$9.3 billion, up 22.8% year-on-year and accounting for 19.2% of Vietnam’s total exports. In addition, electronic products, computers and components have earned an estimated US$6.9 billion, up 27.3% year-on-year; followed by equipment and parts (US$5.5 billion and up 72.6%); garments (US$4.8 billion and down 0.01%). Data: GSO. Chart: Ngoc Thuy In the January – February period, the US, China, EU, ASEAN and South Korea remained Vietnam’s largest five export markets. Meanwhile, China continued to be Vietnam's largest supplier, selling US$17 . 3 billion worth of goods to Vietnam, surging 85 . 7% year-on-year. South Korea claimed the second place by exporting US$8 . 4 billion worth of goods to Vietnam, up 6.7% year-on-year, followed by ASEAN countries with US$5.6 billion, up 18.5%. …

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/ March 1, 2021

How a 10-second video clip sold for $6.6 million

LONDON -- In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have watched for free online. Last week, he sold it for $6.6 million. The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to certify who owns it and that it is the original work. It’s a new type of digital asset - known as a non-fungible token (NFT) - that has exploded in popularity during the pandemic as enthusiasts and investors scramble to spend enormous sums of money on items that only exist online. Blockchain technology allows the items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced. “You can go in the Louvre and take a picture of the Mona Lisa and you can have it there, but it doesn’t have any value because it doesn’t have the provenance or the history of the work,” said Rodriguez-Fraile, who said he first bought Beeple’s piece because of his knowledge of the U.S.-based artist’s work. “The reality here is that this is very, very valuable because of who is behind it.” Examples of NFTs range from digital artworks and sports cards to pieces of land in virtual environments or exclusive use of a cryptocurrency wallet name, akin to the scramble for domain names in the early days of the internet.“Non-fungible” refers to items that cannot be exchanged on a like-for-like basis, as each one is unique - in contrast to “fungible” assets like dollars, stocks or bars of gold. The computer-generated video sold by Rodriguez-Fraile shows what appears to be a giant Donald Trump collapsed on the ground, his body covered in slogans, in an otherwise idyllic setting. OpenSea, a marketplace for NFTs, said it has seen monthly sales volume grow to $86.3 million so far in February, as of Friday, from $8 million in January, citing blockchain data. Monthly sales were at $1.5 …

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/ March 1, 2021

A tour around emerald-green Nghe An, Vietnam’s largest province

The largest province in Vietnam, about 16,490 square kilometers in size , Nghe An adjoins Thanh Hoa Province to the north and Ha Tinh Province to the south, bordering Laos to the west and the ocean to the east. An said he had not returned to Nghe An for nearly a decade, with his trip late last year reminding him of the province's many beautiful, pristine landscapes he has yet to discover. Lam River flows past Khe Bu Village near Pu Mat National Park in Con Cuong District. The village is inhabited by the Dan Lai ethnic minority who keep both their natural surroundings and lifestyle intact. A small corner of Khe Bu Village, where tourists can experience the rustic lifestyle of the Dan Lai. Nowadays, as the smallest ethnic minority in Nghe An, the Dan Lai reside solely in the mountains bordering Laos. Once upon a time, it is said, after a local committed a terrible crime, the king penalized the village, forcing its inhabitants to seek refuge in the dense forest where they slept upright to evade danger. Leaving the village, An crossed the Pha Lai suspension bridge. Late in the afternoon, he caught a group of locals crossing the bridge on their way home after a day working in the nearby rice fields. Located on the Ho Chi Minh trail near the border with Laos, the Thanh Chuong tea hills in Nghe An, 330 kilometers south of Hanoi, has an unusual setting. More than 50 years ago, a dam was built here to irrigate more than 700 hectares of rice fields in Thanh An and Thanh Thinh communes of Thanh Chuong District. Three years ago, local farmers began growing green tea. Now there are nearly 200 households growing tea across more than 400 hectares. Tea estates in Moc Chau, Thai Nguyen and Da Lat can be visited on foot, but those in the Thanh Chuong hills are only accessible by boat. Rice fields in Cam Son Commune of Anh Son District reflect a resplendent golden yellow. …

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