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 …
Intel products vietnam
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 …
Two-month industrial production up in HCM City
Illustrative photo. (Source: VNA) HCM City (VNA) - The Index of Industrial Production ( IIP ) in Ho Chi Minh City climbed 6 percent year-on-year in the first two months of 2021 despite a fall of 24.6 percent in February, according to the municipal Statistics Office. The office said the index in traditional industries fell 9.8 percent compared to the same period last year. Some saw a sharp plunge between January and February , including medicine production, water drainage and wastewater treatment, motorised vehicle production, and paper and paper product manufacturing. Several key industries, meanwhile, enjoyed a year-on-year increase in their production index, such as electronics manufacturing (32.4 percent), electrical device production (28 percent), the manufacture of products from metallic minerals (22.4 percent), chemical and chemical product manufacturing (10.8 percent), and food production and processing (9.8 percent). The Statistics Office added that last month the inventory index of the processing - manufacturing industry increased 12.3 percent year-on-year. Industries with an index higher than the sector’s average included leather and related products (up 155.4 percent), chemicals and chemical products (60.8 percent), and electrical devices (45.2 percent). The sales index of processing - manufacturing was down 25.4 percent month-on-month in February and 9 percent year-on-year. Industrial enterprises in HCM City said Vietnam is still coping with the latest outbreak of COVID-19 while countries that are important partners are also struggling with the pandemic. This has led to shortages of material supplies for production as well as poor sales in both domestic and foreign markets. In talking about market contractions, which have affected local production and business activities, Nguyen Phuong Dong, Deputy Director of the city’s Department of Industry and Trade, said authorities are working to devise new and breakthrough policies, …
[Read more...] about Two-month industrial production up in HCM City
