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Us economic growth rate by year

/ March 6, 2021

Rice exports to see bright outlook this year

Loading rice for export at Sai Gon port (Photo: VNA) HCM City (VNA) - Increasing global demand , stable domestic production , and better rice quality count among the reasons Vietnam can be confident its rice exports will prosper again in 2021 and surpass the 3.1 billion USD in revenue posted in 2020, despite a significant decline in the first two months of this year. According to figures from Vietnam Customs , Vietnam earned 192 million USD from shipping nearly 348,000 tonnes of rice overseas in January, down 34.2 percent in value and 36.4 percent in volume against December and 2.4 percent and 15.4 percent, respectively, year-on-year. As the Lunar New Year (Tet) holiday fell in February, the month’s export turnover is expected to be down. Nguyen Van Don, Director of Tien Giang province’s Viet Hung Limited Company, said the beginning of the year is never the peak time for trade, as consumers have already purchased rice for the long holiday period at the end of the previous year. Rice prices in the Mekong Delta are also at a high level, so purchasing businesses and foreign customers are all waiting for them to fall. General Director of the Trung An Hi-tech Farming JSC Pham Thai Binh said that transportation problems have also hampered rice exports in recent times. He pointed out that the country is facing a serious shortage of empty containers and cargo ships for exports. According to the Vietnam Food Association (VFA), there are high hopes being pinned on Vietnam’s rice exports in 2021, with major export markets such as the Philippines and Africa continuing to sign contracts, while many others have significant demand for fragrant rice and sticky rice, in which Vietnamese enterprises hold an advantage. Packaging rice for export (Photo: VNA) VFA Vice President and General Secretary Nguyen Trung Kien said that bilateral and multilateral free trade agreements (FTAs) such as the EU-Vietnam FTA and the UK-Vietnam FTA, which contain …

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/ March 7, 2021

Argentinean press updated on Vietnam’s political situation, socio-economic affairs

Among media outlets attended the event were major and mainstream press agencies like TV Publica, national news agency Telam, and newspapers Clarin, Ambito Internacional, Resumen Latinoamericano, Acercando Naciones and IP Noticias. Participating reporters were given an insight into Vietnam’s recent affairs, particularly the country’s successful containment of the COVID-19 pandemic and the outstanding outcomes of the 13th National Congress of the Communist Party of Vietnam which outlined the country's development goals and orientations for the coming time. Reporters said they were impressed by the country’s encouraging progress in recent years and hope to further contribute to the enhancement of the Vietnam-Argentina comprehensive cooperation in the future. The event also featured a presentation on Vietnam’s tourism potential and a screening of video clips on its economic outlook this year. Source: VNA …

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/ March 6, 2021

Share of female management in FDI highest among Vietnam economic sectors

The Hanoitimes - The number of Vietnamese women accounts for half of the labor force but less than one-fourth of overall management roles. The percentage of women in management in the foreign-direct investment (FDI) sector is a third of the number of people in leadership positions, the highest (34.1%) compared to the 29.7% and the 20.2% in state and domestic spheres, respectively, according to the latest report. Vietnam’s women account for half of the labor force but less than one-fourth of overall management roles. Photo: ILO A report “Gender and the labor market in Vietnam” by the International Labor Organization (ILO) in Vietnam shows that there is still a gender gap in labor force participation in the country, especially in management level. Uneven distribution of family responsibilities in Vietnam’s society could be the reason behind. The elimination of gender gaps in education has not translated into a comparable narrowing of gender gaps in employment quality, earnings, or decision-making jobs. “They are much more likely to involve in household work than men, and spend twice as many hours on it,” said Valentina Barcucci, ILO Vietnam Labor Economist, lead author of the research. Women spent an average of 20.2 hours per week cleaning the house, washing clothes, cooking and shopping for the family, doing family care and childcare, whereas men spent only 10.7 hours. Close to one fifth of men did not spend any time on these activities at all. Chart: The portfolio of female management in total employment, by sector, 2019 As a result of the pandemic, total working hours dropped significantly in the second quarter of 2020, and recovered through the second half of the year. Women faced the most severe losses, according to the report. The total weekly hours worked by women in the second quarter of 2020 were only 88.8% of the total for the fourth quarter of 2019, compared to 91.2% for men. “Before the …

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