Imports-exports contribute $2.37 billion to State budget in Jan-Feb State budget collection from import-export activities reached 54.76 trillion VND (2.37 billion USD) in the first two months, or 17.38 percent of the estimate and a year-on-year rise of 7.53 percent, according to the General Department of Vietnam Customs. In February alone, the collection was 23.66 trillion VND. As Tet (Lunar New Year) holidays fell in the month, the customs department worked together with relevant agencies to combat smuggling and trade frauds while increasing inspections. The customs force detected 967 cases in total from January 16 to February 15, seizing goods of 258.67 billion VND and contributing 8.6 billion VND to the State budget. State budget collection was estimated at 220.5 trillion VND in total in the first two months of 2021, equivalent to 16.4 percent of the year’s estimate./. Risky to invest in forex trading plaforms: Deputy Governor Forex trading via investment platforms had not been licensed in Viet Nam, posing significant risks to investors, Deputy Governor of the State Bank of Viet Nam Dao Minh Tu warned. Tu said at the Government’s meeting on Tuesday in Ha Noi that the operation of forex trading platforms was currently illegal, adding that the trading of foreign currencies and derivatives must be provided by credit institutions and commercial banks licensed by the State Bank of Viet Nam. Until now, no forex trading platforms had been licensed for trading, he stressed, warning about risks when investing via these platforms. Recently, some organisations like Lion Group called for investments in forex through Fx Trading Markets with attractive interest rates of up to 300 per cent per year and commissions. Lion Group attracted around 40,000 investors nationwide. Tu urged people to be cautious with these appealing calls, adding that there were signs of in-transparencies and frauds. “The skyrocketing profits in the current situation …
Ethiopian news january 3 2019
VIETNAM NEWS HEADLINES MARCH 3
Clip expresses gratitude toward doctors in COVID-19 fight A video clip comprising a series of paintings by children on doctors, who are called intimately as white blouse warriors during the COVID-19 fight, has been published recently by the Ministry of Health. The paintings by child artists are part of a campaign initiated by the Vietnamese Ministry of Health and United Nations Children's Fund (UNICEF). They depict doctors as white-blouse soldiers who have relentlessly fought against the pandemic, through which children’s gratitude toward health workers is expressed. The video also conveys a message of solidarity in the fight against COVID-19./. 110 foreign experts to be isolated for COVID-19 combat The administration of Quang Ngai province, central Vietnam, has outlined plans to put a total of 110 foreign experts into isolation in concentrated places in an effort to prevent the potential spread of the novel coronavirus (COVID-19) pandemic. The foreign experts are scheduled to pass though Huu Nghi international border gate in the northern province of Lang Son and then travel to Quang Ngai to work for Hoa Phat Dung Quat Iron and Steel Integrated Complex. The provincial administration requested relevant agencies to create favourable condition for the experts during their travel and quarantine back in Quang Ngai. At present, Quang Ngai is yet to record any positive COVID-19 cases this year, although local authorities have advised relevant agencies to closely control people entering from COVID-19 hotspots in the fight against the virus. Cases that violate the Health Ministry’s COVID-19 prevention and control measures will be punished, whilst local medical workers will take samples for testing of relevant cases, especially foreigners currently working in Quang Ngai. Daily Mail hails Vietnamese driver as hero after saving life of local girl The Daily Mail newspaper of the UK has posted an article hailing the bravery of a local delivery …
Hòa Phát’s imports from Australia to reach $1.44 billion this year
Steel production line at Hòa Phát Hải Dương Steel Joint Stock Company. Hòa Phát Group plans to import US$1.44 billion worth of commodities from Australia in 2021, more than doubling last year’s figure. — VNA/VNS Photo Danh Lam HÀ NỘI — Hòa Phát Group plans to import US$1.44 billion worth of commodities from Australia in 2021, more than doubling last year’s figure. The imports will include around four million tonnes of iron ore, 3.5 million tonnes of coal of different types and 145,000 cows. The group’s imports of machines, equipment and materials for production reportedly hit nearly $2 billion last year. Of the total, some 35 per cent, or $700 million, came from Australia, also over double the figure from 2019 and making the industrial manufacturer the largest Vietnamese client of the country. More than half of the total import value, or $364 million, came from coal, compared to just $115 million in 2019. The group’s purchases of iron ore leapt a whopping 19-times to $123 million in the first eleven months of 2020. Hòa Phát bought more coal and iron ore last year to serve production at its iron and steel integrated complexes in the northern province of Hải Dương and the central province of Quảng Ngãi’s Dung Quất Economic Zone. Meanwhile, it annually purchases hundreds of thousands of cows from Australia, with its herd accounting for 50 per cent of all Australian-imported cows in Việt Nam. With such soaring import numbers, Hòa Phát was estimated to account for 17 per cent of Australia’s total export value to Việt Nam in 2020, compared to 7.4 per cent in 2018 and 7.6 per cent in 2019. According to Global Trade Atlas, Australia’s exports to Viet Nam reached $4.4 billion in 2020, 16 per cent of which was imported by Hòa Phát. Last year, the group’s exports exceeded $1 billion, including $966 million worth of high-quality and construction steel. — VNS …
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