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Malaysia retail industry report

/ March 1, 2021

VIETNAM NEWS HEADLINES MARCH 1

Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. Meanwhile, Hanoi has recorded 14 straight days of no coronavirus cases. A total 60,693 people who came in close contact with COVID-19 patients or arrived from pandemic-hit areas are under quarantine nationwide, including 560 at hospitals, 12,298 at other quarantine sites, and 47,835 at home. Among patients under treatment, 62 have tested negative for SARS-CoV-2 once, 53 twice, and 95 thrice. Report from the Treatment Sub-committee showed that Vietnam has seen 1,876 recoveries so far. In a bid to live safely with the pandemic, people should strictly follow the Ministry of Health’s 5K message: khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering), and khai bao y te (health declaration)./. Hai Duong dissolves COVID-19 treatment hospital No.1 Chairman of the Hai Duong provincial People's Committee Nguyen Duong Thai, who is also head of the provincial Steering Committee for COVID-19 Prevention and Control, on February 27 decided to …

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/ March 1, 2021

UKVFTA – a boost to Việt Nam-UK trade

Clam processing at Lenger Seafoods Vietnam Co. Việt Nam and the UK saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic. VNA/VNS Photo HÀ NỘI — After the UK-Việt Nam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic. Statistics from the General Department of Việt Nam Customs showed that total trade in goods between the two nations topped US$657.35 million in January, a year-on-year hike of 78.57 per cent. The Ministry of Industry and Trade described it as an impressive growth, particularly in the context of COVID-19. Notably, Việt Nam’s shipments to the European country hit $598.07 million, or 84.61 per cent higher than the same time last year, and 56.51 per cent higher than December 2020. Exports of agricultural products maintained stable growth in the month, with export revenue of seafood surging 18.1 per cent to $19.72 million, and fruits and vegetables rising 148.6 per cent to $1.04 million. Under the UK trade deal, tariffs levied on Vietnamese shrimp materials is reduced from 10-20 per cent to zero per cent, while more than 94 per cent of 547 tariff lines on Vietnamese fruits and vegetables will be cut to zero per cent. Experts said a wide range of Vietnamese fruits like lychee, longan, dragon fruit, pineapple and rambutan will hold more advantages to access the UK market over those from Brazil, Thailand and Malaysia who have not clinched an FTA with the European country. Việt Nam also saw strong increase in its shipments of telephone and parts (up 371.6 per cent to $252.59 million); machines, equipment and parts (up 109.9 per cent to US$74.58 million); computers and parts (up 91 per cent to $31.82 million), among others. Meanwhile, Việt Nam spent $59.297 million on imports from the UK, up 34.3 per cent year-on-year. Last year, total …

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/ March 1, 2021

Hundreds of Vietnamese seafood firms permited to export to Taiwan

Taiwan has mainly imported from Việt Nam frozen/fresh tiger and white-leg shrimp and frozen pangasius fillet. Photo baodansinh.vn HÀ NỘI — The Taiwan Food and Drug Administration (TFDA) has announced a list of 697 Vietnamese seafood enterprises permitted to export their products to Taiwan, reported the Việt Nam Association of Seafood Processors and Exporters (VASEP). This list of eligible Vietnamese seafood enterprises is valid from February 23, 2021, according to the TFDA's announcement sent to the Việt Nam Economic and Cultural Office in Taipei, the association said. The VASEP said Taiwan is not among the top 10 seafood export markets of Việt Nam. But this market also has a relatively stable seafood import value from Việt Nam with more than US$100 million per year, accounting for 1.3 to 1.8 per cent of national total seafood exports in recent years. This market mainly imports frozen/fresh tiger and white-leg shrimp, frozen pangasius fillet, processed shrimp, surimi, squid and octopus from Việt Nam. However, due to the COVID-19 pandemic, seafood export turnover to this market in the first half of 2020 decreased by 14 per cent compared to the same period the year before, reaching $50.5 million. Of which, the export value fell by 18 per cent for shrimp to $27 million, 27 per cent for pangasius to nearly $10 million and 4 per cent for other seafood products to $22 million. According to the General Department of Customs, in 2020, Việt Nam's seafood export value to Taiwan was $120 million. Before the pandemic, Nam Việt Joint Stock Company gained an export value of between $5-6 million each year from exporting pangasius to Taiwan. However, since due to the worldwide COVID-19 outbreak, the company's seafood exports to Taiwan have declined. Therefore, it has focused on key markets such as the US and the EU or potential markets in Asia like Thailand and Malaysia that have similar value exports and are also members of the CPTPP agreement, Đỗ …

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