Shares trading near 52 week low

The Hanoitimes - Arrivals from key sources of tourists novedived last month. International arrivals to Vietnam in April plummeted 98.2% year-on-year to hit a record low of around 26,200 as Vietnam restricts foreign guests to curb the spread of Covid-19. Foreign visitors in Hanoi. Photo: Dantri newspaper Vietnam welcomed 3.7 million international visitors in the first four months of 2020, a drop of 37.8% over the same period last year due to the suspension of entry of all foreigners from March 18, according to the latest report from the General Statistics Office. Dramatic slumps were seen in major source markets such as China, South Korea, Japan, Russia, France, Australia, and the US. In the first four months this year, Asian visitors still accounted for the majority of total tourist inflows, with nearly 2.7 million, down 40.3% over the same period last year. Of the amount, arrivals from China, South Korea, Japan, Taiwan (China), Thailand and Malaysia, among others, sharply decreased by 47.7%, 43.3%, 33.6%, 32.4%, 27.9% and 43.4%, respectively. Source: General Statistics Office. Chart: Nhat Minh …

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Some local enterprises have a legal department that specialises in dealing with the trade remedies in foreign markets, especially in the sectors producing key export products such as steel. Photo tapchicongthuong.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) will continue to support domestic enterprises, especially small and medium-sized firms, to improve their awareness of trade remedies. It will provide practical lessons on handling trade defence lawsuits for local enterprises. The ministry will also focus on training State officials, commodity associations and industries on trade remedies, especially for commodities that are regularly investigated by foreign countries such as steel, fisheries, wood and chemicals. According to the ministry's Trade Remedies Authority of Việt Nam (TRAV), local export products have faced more anti-dumping investigations and tax evasion cases in foreign countries in recent years. Vietnamese businesses have become aware of trade remedies. Many Vietnamese enterprises have been adapting to trade defence cases. Some have legal departments that specialise in dealing with trade remedies at foreign markets, especially in sectors producing key export products such as steel, seafood and garments. However, according to the authority, there are still some firms, especially smaller companies, that are unaware of the importance of trade remedies and how they would affect their production and business activities. It said in the results of trade lawsuits, local enterprises that work with foreign investigative authorities by providing information enjoy low tax rates. If local enterprises do not co-operate, they will face a high tax rate due to foreign investigative authorities using available data only, creating a disadvantage for them. Therefore, the level of co-operation can be considered a prerequisite for achieving a positive result in trade remedies cases, according to the TRAV. In the …

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PM orders injection of Covid-19 vaccines from this week The Saigon Times Prime Minister Nguyen Xuan Phuc (standing) speaks at a regular Cabinet meeting on March 2. He has instructed that residents be given the Covid-19 vaccines from this week - PHOTO: VNA HCMC – At a regular Cabinet meeting on March 2, Prime Minister Nguyen Xuan Phuc asked the Ministry of Health to inject those announced earlier by the Government as priority residents with the Covid-19 vaccines from this week. The budget must be ensured so that all Vietnamese people receive the vaccines, PM Phuc noted, adding that the healthcare sector and other relevant agencies must quickly and seriously fulfill this duty, the local media reported. Commenting on the fight against the pandemic, especially in Hai Duong, Haiphong, Quang Ninh, Hanoi and HCMC, the Government leader said the pandemic has been controlled in the country, except for Hai Duong’s Kim Thanh District. He reiterated the Government’s view that injecting vaccines, wearing face masks, spraying disinfectants, maintaining a physical distance, limiting gatherings and making health declarations are the most important solutions to combat Covid-19. He asked ministries, agencies and localities to continue making strong efforts in the Covid-19 prevention and control drive. The prime minister also ordered the control of the pandemic at the Kim Thanh hotspot. Moreover, production and business activities should be enhanced to achieve the targets set for the first half of the year and the whole year. Regarding the country’s socioeconomic performance in the first two months of the year, PM Phuc said the country’s import-export turnover reached US$95.8 billion, up 24.5% year-on-year. The export revenue grew nearly 23.2% to US$48.6 billion, while US$47.1 billion was spent on imports, up 25.9%, resulting in a trade surplus of US$1.3 billion. Additionally, the number of newly-established enterprises was 18,100, registering a total …

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