VIETNAM BUSINESS NEWS Rice exports enjoy opportunities for breakthrough in 2021 High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises. The bilateral and multilateral free trade agreements between Vietnam and other countries such as the EU-Vietnam and the UK-Vietnam FTAs with preferential tariffs would create favourable conditions for Vietnamese rice to compete with that from rival countries, the Vietnam Food Association said. According to the Vietnamese Trade Counsellor in the UK Nguyen Canh Cuong, rice shipments to the country this year will sharply rise against 2020. He added more UK firms will purchase Vietnamese rice under the UK-Vietnam FTA, creating a chance for Vietnamese rice to expand its market share in the UK this year. In 2019, rice exports from Vietnam to the UK had a leap forward with a turnover growth of 376 percent. That meant the UK has great potential as a rice export market for Vietnam. In order to tap into the advantages under FTAs, rice export giants such as Intimex JSC, Loc Troi Group, VRICE Co, Trung An High Technology Agriculture JSC are planning to seek new customers in markets where Vietnam had signed FTAs, especially in the UK. The Ministry of Industry and Trade said it would provide rice export firms with information about the market demand situation in a timely manner while implementing trade promotion activities to help Vietnamese rice exporters better access customers. Detailed information about the regulations and barriers under these FTAs’ commitments will be also offered by the ministry so that businesses can improve their understanding and draw up suitable business plans. As part of its efforts to facilitate Vietnam's rice exports, the VAF has built up online sales …
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Contemporary dance IntraStorm
The Hanoitimes - The contemporary dance entitled IntraStorm by talented director-choreographer Vu Ngoc Khai took place on December 6 at the Japan Foundation courtyard, No 27 Quang Trung street, Hoan Kiem district, Hanoi. As the name of the work IntraStorm - hurricanes sweeping away all human knowledge about natural disasters and epidemics, young talented art director-choreographer Vu Ngoc Khai shares his perspective on life's origin, integrity and magnitude hidden in a small seed. Inspired from the events in 2020, his work highlighted the relationship between humans and Mother Earth. The audiences are guided through different levels of emotions when their inner little happy choice is touched; burst to tears by Mother Nature's enduring patience for humans; enjoy the simplicity of staying focused to the present moment. The contemporary dance raised such concern about environment protection as: "Will humanity be held accountable for the destruction of nature, or is everything in a samsara (cyclicality)? "Acting like they are saving the Earth, in fact, humans are merely saving themselves. No one is irrelevant when humans satisfied their thirst for pleasure at the cost of diseases and natural disasters. Anyone can save themselves, save humanity by changing small habits in everyday life," said the artist. Besides, IntraStorm (the image of a stone thrown on the lake surface forming concentric circles) also deals with the importance of the bond between family members, parents' role in nurturing and loving children properly. The obsessions about success and happiness in modern society has turned humans into robots and zombies, making them lose their empathy and gradually forget how to connect with true compassion. Through contemporary dance language combining with live music and visual arts, IntraStorm offers audience a colorful outdoor art space. …
VIETNAM BUSINESS NEWS FEB. 28
Export value skyrockets over Lunar New Year Vietnam's export turnover during this Lunar New Year saw breakthrough growth, occupying nearly half of the total export-import turnover. The latest data published by the General Department of Vietnam Customs showed that export volume over the seven days (February 10-16) of the Lunar New Year holiday reached $730 million, rising 79 per cent on-year and accounting for about 44 per cent of the $1.67 billion export-import turnover. The main export articles include mobile devices and components valued at $332 million; computer and electronic products worth $251 million. The two categories accounted for 80 per cent of the total export value. This Lunar New Year saw exports going to 80 markets, seven more than last year. China continues to be the leading export market with a value of $189 million (26 per cent). Following are the US ($152 million), South Korea ($67 million), and Hong Kong ($57 million). According to statistics from the General Department of Vietnam Customs, there were 960 import-export businesses, up 59 per cent on-year. Nevertheless, importers still outnumbered exporters with an import turnover of $940 million, up 37 per cent on-year. Thus, from early this year to February 16, the total export-import turnover reached $74.51 billion, up 31 per cent on-year. Of this, exports hit $38.57 billion, up 36 per cent on-year while imports reached $35.94 billion, up 26 per cent, resulting in a trade surplus of $2.63 billion. Drug market forecast to grow by 15 per cent in 2021 The pharmaceutical industry grew by just 2.8 per cent last year, much lower than its average 11.8 per cent growth in the last five years. It is expected to recover and grow by 15 per cent this year, mainly due to a rapidly ageing population and increasing incomes, analysts at SSI Securities Corporation said. Last year there was a short supply of active pharmaceutical ingredients from China and India due to social distancing and …
