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/ April 14, 2021

Title “Hero of the People’s Armed Forces” conferred on naval unit

PANO - The Department of Politics of the Vietnam People's Navy on January 23 rd was conferred with the title “Hero of the People's Armed Forces” in the American Resistance War (1954-1975) on its 56th founding anniversary in the presence of Admiral Nguyen Van Hien, Deputy Minister of National Defence cum Navy Chief. Addressing the ceremony, Admiral Nguyen Van Hien stressed that during the war against the American imperialists, the officers and troops of the department braved all enemy’s bombs and fire to closely follow the situation in the front and promptly carry out the Party and political work and solve problems during combat. The force also encouraged troops to overcome difficulties even at the risk of their own lives to fulfill the assigned tasks. Admiral Nguyen Van Hien presenting flag and conferring title “Hero of the People’s Armed Forces” on the Department of Politics of the Navy The Admiral required the officers and troops of the department to bring into full play their heroic tradition and try their best to serve the nation, overcome difficulties and effectively advise the Navy’s party committee and chain-of-command in the implementation of the party and political work. The unit is also duty-bound to contribute to developing the Navy into a politically and ideologically strong service to firmly safeguard the national maritime sovereignty. Authorized by the State President, Admiral Nguyen Van Hien handed over the flag and confered the title “Hero of the People's Armed Forces” in the American Resistance War on the department. Translated by Huu Duong …

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/ April 13, 2021

A comparison of Vietnam, China and US economic structures

The percentage of Vietnam’s exports to the United States against her total exports increased from 19.7% in 2010 to 23.2% in 2019, and to China from 10.7% in 2010 to 15.7% in 2019. Meanwhile, the percentage of Vietnam’s imports from the United States against her total imports rose from 4.4% in 2010 to 5.7% in 2019 and from China from 23.8% in 2010 to 29.8% in 2019. The productivity of Vietnam in terms of the value added against the gross output is the lowest among the three countries, with 29%, while the productivity of China is 32.7% and the U.S. 55.8% - Photo: SGT In trade with the U.S., Vietnam always enjoys a surplus, which increased 4.5 fold in 2010-2019. In trade with China and South Korea, the country always suffers a deficit. The trade deficit with China increased 2.7 fold in 2010-2019 and with South Korea 4.1 fold in 2010-2019. In the period 2010-2019, the GDP growth in average 2010 prices of China was 7.7%, the U.S. 2.3% and Vietnam 6.3%. However, in terms of scale, in 2019, the GDP of China reached US$11,537 billion, 57 times as much as Vietnam’s GDP; the GDP of the U.S. reached US$18,273 billion, 91 times as much as Vietnam’s GDP which was a modest US$201 billion at that time. An analysis of the input-output table shows the following results: • The gross value added (GVA) against the gross output (GO) of Vietnam is 28%, China 32.7% and the U.S. 55.8%. This figure shows that the added value in production of Vietnam is very low, and the economy is basically sub-contracting. • The percentage of value added in the gross value added of agriculture, forestry and fisheries (sector 1) of Vietnam is 15.9%, of construction and industry (sector 2) 47.5% and of services (sector 3) 36.6%. The respective percentages of China are 9.2%, 40.7% and 50.1%. The respective percentages of the U.S. are 1.1%, 21.1% and 77.8%. • The percentage of value added against the gross output in sector 1 of Vietnam is 33.9%, sector 2 21.7% and sector 3 46.3%. …

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/ April 14, 2021

U.S. pauses use of J&J vaccine over rare blood clots, rollout delayed in Europe

U.S. federal health agencies on Tuesday recommended pausing use of Johnson & Johnson’s COVID-19 vaccine for at least a few days after six women under age 50 developed rare blood clots after receiving the shot, dealing a fresh setback to efforts to tackle the pandemic. Johnson & Johnson said it would delay rollout of the vaccine to Europe, a week after regulators there said they were reviewing rare blood clots in four recipients of the shot in the United States. South Africa also suspended use of J&J’s vaccine. Acting U.S. Food and Drug Administration Commissioner Janet Woodcock said the agency expected the pause to be a matter of days, and was aimed at providing information to healthcare providers on how to diagnose and treat the clots. The moves come after European regulators said earlier this month they had found a possible link between AstraZeneca’s COVID-19 vaccine and a similar rare blood clotting problem that led to a small number of deaths. FDA official Peter Marks said it was “plainly obvious” the J&J cases were “very similar” to the AstraZeneca ones. He said there had been no similar blood clot cases reported among recipients of the Moderna or Pfizer/BioNTech vaccines, which use a different technology and accounted for the vast majority of U.S. vaccinations so far. But J&J’s single-dose shot and AstraZeneca’s low-cost vaccine are seen as vital weapons in the fight against a pandemic that has claimed more than three million lives. Immunology experts echoed U.S. officials in underscoring that the risk posed by the J&J vaccine appeared extremely low. “Even if causally linked to the vaccine: 6 cases with about 7 million doses ... is not something to panic about,” Dr. Amesh Adalja, an infectious disease expert at the Johns Hopkins Center for Health Security in Baltimore, said in an email, noting that the risk appears lower than that of clots from oral contraceptives. He expressed concern that the pause could increase …

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