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Vietnam’s seafood exports to the EU are expected to increase sharply in 2022 Preferential fishery product tariffs The EVFTA, which took effect on August 1, 2020, has provided great opportunities for Vietnam’s seafood exports to the EU thanks to a series of commitments on preferential tariffs. Under the EVFTA, among about 220 tariff lines of fishery products with rates ranging from zero percent to 22 percent, most tariff lines in the high range of 6-22 percent were reduced to zero percent immediately after the trade deal took effect. The remaining tax lines will be phased out to zero after 3-7 years. Shrimp is a major export benefitting from the new tariff scheme’s zero-percent tax rate for 3-5 years, while tariffs on frozen tra fish have been reduced to zero percent for three years. Other seafood, such as oysters, scallops and octopus, also enjoy zero-percent tax rate. In addition, the Russia-Ukraine war and sanctions imposed on Russia have offered Vietnam with … [Read more...] about Vietnam’s seafood exports to EU going swimmingly well

This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

During the program, women’s union of Ngu Phung commune were equipped with knowledge on the Party’s guidelines and State’s laws and policies relating to defense and security work in the border areas and sea and islands. Meanwhile, they also got familiar with the basic contents of the Laws on Vietnam Border Guard, Marriage and Family, Gender Equality, Prevention of and Combat against Human Trafficking, among others. On this occasion, the organizing panel handed over 10 gifts (worth VND 300,000 each) to needy women, and presented 30 national flags, planted 60 trees in Ngu Phung commune while visiting and offering gifts to troops at the Border Post of Phu Quy Port Border Gate. The program aimed to share difficulties with needy women in the areas, and take care of needy people and soldiers in the border areas and on sea and islands. It also helped improve women members’ knowledge on laws, thereby promoting their responsibility in local development as well as in the fight against … [Read more...] about “Standing side by side with women in border areas” program conducted in Phu Quy island district

Vietnamese players celebrate their victory. VNA/VNS Photo Bảo Ngọc HÀ NỘI — State leaders have congratulated the Vietnamese women's football team on winning the gold medal on May 21. President Nguyễn Xuân Phúc praised Huỳnh Như and her teammates for their successful competition, which brought endless joy to fans throughout the country. President Phúc also praised coach Mai Đức Chung, the coaching staff, and the players for their accomplishments. He thanked the sports fans for bringing the love of sport and national pride together at Cẩm Phả Stadium and across the nation, creating spiritual strength for the "female warriors" to go through each match, especially the final, to bring glory to the country, and pride for Vietnamese women's football. Shortly after the final match, Prime Minister Phạm Minh Chính sent a letter of congratulations to the Vietnamese women's soccer team. PM Chính expressed his delight that the players successfully … [Read more...] about PM congratulates Vietnamese women’s football team

Prime Minister Pham Minh Chinh attends Gia Lai's 90th founding anniversary celebration ceremony in Pleiku City on May 21 evening. (Photo: VNA) Gia Lai (VNA) - Gia Lai should make renewable energy a key economic sector and pay more attention to developing tourism and processing industries while, Prime Minister Pham Minh Chinh stressed at the Central Highlands province’s 90th founding anniversary celebration ceremony held in Pleiku City on May 21 evening. Gia Lai is blessed with various natural and cultural advantages, Chinh said in his remarks, noting that the province has magnificent, green landscapes; fertile soil; a wealth of minerals and resources; distinctive cultures; as well as hardworking and friendly people. To make the most of such advantages and potential to turn Gia Lai into a strong province with improved living standards, the provincial Party organisation, administration and people must work harder, cement their solidarity, and stay active, … [Read more...] about Gia Lai should make renewable energy key sector: PM

Accordingly, the command and relevant organizations held meaningful activities to help islanders and fishermen in the district. On May 21, a delegation of the Coast Guard Region 3 Command disseminated information about Vietnamese sea and islands, and Laws on Vietnam Coast Guard, and Drug Prevention and Control and other legal documents related to Vietnam’s sea and islands. In addition, participants were also equipped with information about illegal, unreported and unregulated (IUU) fishing. In Long Dien town of Long Dien district, the troops, in coordination with local youths, cleaned the environment and collected waste along the beach. In the framework of the program, the delegation visited and presented 100 gifts to policy households and 200 gifts to needy fishermen, worth VND 1 million each, while handing over national flags, medicines, raincoats ... to poor people in the locality. The command also worked with Hung Vuong Hospital and District No.2 Hospital in Ho Chi Minh City … [Read more...] about Coast Guard Region 3 supports local fishermen