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Established in 1831, Generali is present in 50 countries around the world with total premium income of more than €69.7 billion ($85.2 billion) in 2019 To mark this occasion and leave a tangible and lasting recognition of the bond between the company and the regions where it was born and has prospered, Generali announces Fenice 190, a €3.5 billion ($4.2 billion) investment plan to support the recovery of the European economies impacted by COVID-19, starting in Italy, France, and Germany and to then targeting all European countries in which Generali operates throughout the five years of the plan. Fenice 190 will make the extraordinary initiatives launched in 2020 to tackle the effects of the pandemic permanent, which included investments in support of small- and medium-sized enterprises (SMEs) and the real economy already surpassing the established objective of €1 billion ($1.2 billion). The more than 70,000 employees of Generali will play a leading role in celebrating the milestone of 190 years of the group's history. To add to this initial amount, Generali is pledging an annual commitment of €500 million ($611 million) per year, over the next five years, for sustainable growth through international investment funds focusing on infrastructure, innovation, and digitalisation, SMEs, green housing, healthcare facilities, and education. “Generali is one of the few companies in the world that can boast such a long history. It possesses an extraordinary wealth of knowledge and experience, thanks to which the group is able to face the challenges of today while contributing to a better future for the communities in which it operates, both as an insurer and a social innovator,” said Philippe Donnet, CEO of Generali Group. “The 190 th anniversary falls in a decisive year in which we must overcome the most serious global crisis of the post-war era and lay down the foundations for a wide-scale global recovery. With Fenice 190, we want to be a leader in …

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As assessed by the European-American Market Department under the Ministry of Industry and Trade (MOIT), this is a really impressive growth rate in the context of many trading partners of Vietnam encountering difficulties due to the impact of the COVID-19 pandemic. Such an optimistic signal is even more meaningful in light of the fact that the Vietnam-UK Free Trade Agreement (UKVFTA) has been temporarily applied since January 1, 2021, promising to continue creating new motivation for bilateral economic-trade cooperation in the near future. In the structure of Vietnam’s export items to the UK, agricultural exports retained stable and positive growth, with seafood exports reaching US$19.72 million (up over 18% year-on-year) and fruit exports hitting more than US$1 million (up 148.6%). These are all commodity industries with many opportunities for increased export value through tariff preferences as prescribed by the UKVFTA. According to UKVFTA commitments, the import tax on most raw shrimp (fresh, frozen, chilled) into the UK will be reduced from the basic tax rate of 10-20% to 0% as soon as the agreement comes into force. For vegetables and fruits, it will immediately eliminate 94% of the total 547 tariff lines. Many products of Vietnam’s strength such as litchi, longan, rambutan, dragon fruit, pineapple and melon, will have more market access advantages compared to tropical fruits originating from competing countries like Brazil, Thailand, and Malaysia which have not signed an FTA with the UK. The manufacturing industry also registered amazing growth regarding its January exports to the UK, with US$252.59 million of phones and spare parts (up more than 371% year-on-year); US$74.58 million of machinery, equipment and spare parts (up nearly 110%); US$31.82 million of computers and electronic components (up 91%); and US$15.96 million of iron and steel of various types (up 11%). Meanwhile, Vietnam imported over US$59 million worth of products from the UK last …

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Great power comes from a small grain of rice On January 26, Vinaseed's shipment of 60 tonnes of premium fragrant rice, imported by Longdan in the UK, hit the shelves of the supermarket chain with a retail price of up to £15.5 (VND465,000) per 10 kg. Longdan is the first enterprise to import rice from Vietnam after the UK - Vietnam Free Trade Agreement (UKVFTA) took effect. In the near future, there will be many enterprises importing Vietnamese rice under the agreement. Previously, on January 13, the first batch of 1,600 tonnes of rice, opening the 2021 export season of the Trung An Hi-tech Farming Joint Stock Company, was sent to Singapore and Malaysia at a price that could not be better, of up to US$750 per tonne. Pham Thai Binh, Director General of Trung An Hi-Tech Farming JSC, said the two types of rice exported in the shipment were Jasmine 85 fragrant rice and Huong Lai fragrant rice; of which, 450 tonnes of Jasmine 85 went to Singapore at US$680 per tonne and 1,150 tonnes of Huong Lai fragrant rice delivered to customers in Malaysia for US$750 a tonne. In addition to the above shipment, Trung An JSC also had an order of more than 2,000 tonnes exported to Germany, continuing to make effective use of the EU-Vietnam Free Trade Agreement that took effect last year. Those are the two shipments that successfully opened the new year for Vietnamese rice, with an expectation of more miracles in 2021 than the previous year. Rice exports in 2020 reached about 6.15 million tonnes, worth US$3.07 billion. Although rice exports decreased by about 3.5% compared to 2019, mainly to ensure national food security, export value increased by 9.3%. The average export price for the whole year is estimated to have been US$499 a tonne, an increase of 13.3% compared to 2019. Vietnamese rice prices have surpassed Thailand, rice has become a prized agricultural commodity with positive growth and is constantly being prioritised in the world market. Looking at the achievements …

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