January 21s

A cargo ship docks at Ba Ria-Vung Tau seaport. (Photo: VNA) Ba Ria-Vung Tau (VNA) – Seaports in the southern province of Ba Ria-Vung Tau handled nearly 766,000 twenty-foot equivalent units (TEUs) in the first two months of 2021, rising 21 percent from the same time last year. According to the Maritime Administration of Ba Ria-Vung Tau province, the total volume of goods through local seaports reached more than 11.9 million tonnes in the period, a year-on-year surge of 4 percent. Head of the provincial Customs Department Tran Van Danh said that the province gained over 1.7 billion USD in import-export turnover during January-February, up 32.7 percent year-on-year, describing this a robust achievement of the province in carrying out the dual tasks of pandemic prevention and economic development at the local seaports. Realising the significance of the local seaports to the economic development in the province and the southern region as a whole, competent authorities such as customs, border guard, healthcare, transport and maritime administration joined hands to put the COVID-19 outbreak under control, while creating the best conditions for ships to load and unload cargo. In 2020, the volume of container cargo through the seaports topped 4.3 million TEUs, a year-on-year increase of 20 percent. The local seaports handled a total 107.6 million tonnes of goods in the year. The province is now housing 69 seaport projects, which were zoned off on a total area of 2,528 hectares. Of the total, 48 projects are operating, with a designed capacity of handling 141.5 million tonnes of goods per year./. VNA …

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The Hanoitimes - In the January – November period, Vietnam imported 135,230 cars worth US$2.91 billion, up 100.4% in quantity and 97.7% in value year-on-year. Hefty imports of cars and crude oil into Vietnam helped customs authorities collect over VND335.6 trillion (US$14.48 billion) in taxes as of December 17, exceeding the target of VND315.5 trillion (US$13.61 billion) set by the Ministry of Finance and up 11.6% year-on-year, according to the General Department of Vietnam Customs (GDVC). Overview of the conference. Source: GDVC. In the January – November period, Vietnam imported 135,230 cars worth US$2.91 billion, up 100.4% in volume and 97.7% in value year-on-year, leading to customs revenue of VND38.2 trillion (US$1.64 billion), up VND19.32 trillion(US$833.77 million) or 102.4% year-on-year. Meanwhile, nearly 7.07 million tons of crude oil were imported in the 11-month period worth US$3.33 billion, up 58% in volume and 38% in value year-on-year, resulting in customs revenue of VND7.87 trillion (US$339.64 million), up 41% year-on-year. Customs revenue from other goods also increased VND14.72 trillion (US$635.26 million), up 5.8% year-on-year, stated the GDVC. According to the GDVC, such positive results were thanks to Vietnam’s actively participation in multilateral and bilateral cooperation with regional and international partners. The signing and enforcement of a number of free trade agreements, including the Vietnam – South Korea FTA (VKFTA), the ASEAN – South Korea FTA (AKFTA), the Comprehensive and Progressive Trans – Pacific Partnership (CPTPP), have created a positive impact on Vietnam's business environment, supporting local enterprises to expand investment and trade activities, said the GDVC. Additionally, as of November 30, revenue gained from measures to prevent losses to the state budget was estimated at over VND3.88 trillion (US$167.44 million), including VND992 billion (US$42.81 million) from resolving tax …

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There were mixed fortunes across sectors, with processing and manufacturing witnessing an increase of 7.8 percent, electricity distribution and production 5.8 percent, and sewage disposal 5.7 percent, while mining fell 9.8 percent. Most of the processing and manufacturing industries posted higher IIPs compared to the same time in 2020, including electronic products, computers and optical products (37.7 percent), motor vehicles (17.5 percent), electrical equipment (16.5 percent), and beverages (14.3 percent). The IIP in February was down 23.2 percent against January and 11.4 percent year-on-year due to the seven-day break for the traditional Lunar New Year (Tet) holiday. Since production time was reduced by one-third, processing and manufacturing - responsible for a large proportion of domestic industrial production - reported a year-on-year decline of 12.4 percent in its IIP while electricity distribution and production, sewage disposal, and mining fell 13.9 percent, 1.6 percent, and 21.6 percent, respectively. Relevant authorities in the capital joined hands right from the beginning of the year to promote supply chain links, making significant contributions to the development of the domestic market in tandem with the campaign “Vietnamese people prioritise Vietnamese products”. Source: VNA …

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