Vietnam us trade hits record high in 2021

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

Vietnam beat their Thai rivals 1-0 on Sunday night to win the gold medal in men’s football for the second time in a row at the Southeast Asian (SEA) Games. Despite the rainy weather, fans arrived at My Dinh National Stadium in Hanoi very early to cheer for the junior Golden Stars. The Vietnamese under-23 team staged a series of attacks to pressure their Thai peers in the very first minutes of the match. Striker Nguyen Tien Linh had a chance to open the scoring for Vietnam in the 19th minute, but his header was not powerful enough to defeat Thai goalie Kawin Thamsatchanan. From a corner kick in the 43rd minute, Thailand’s Jonathan Khemdee took a shot at Nguyen Van Toan’s goal, but the ball flew too high. Vietnam carried out a counterattack in the following minute, but there was a lack of coordination between the players. The first half concluded with no goals for either team. Thailand launched more attacks after the break, threatening Vietnam’s net in several … [Read more...] about Vietnam subdue Thailand to strike gold for 2nd time in SEA Games men’s football

Vietnam beat their Thai rivals 1-0 on Sunday night to win the gold medal in men’s football for the second time in a row at the Southeast Asian (SEA) Games. Despite the rainy weather, fans arrived at My Dinh National Stadium in Hanoi very early to cheer for the junior Golden Stars. The Vietnamese under-23 team staged a series of attacks to pressure their Thai peers in the very first minutes of the match. Striker Nguyen Tien Linh had a chance to open the scoring for Vietnam in the 19th minute, but his header was not powerful enough to defeat Thai goalie Kawin Thamsatchanan. From a corner kick in the 43rd minute, Thailand’s Jonathan Khemdee took a shot at Nguyen Van Toan’s goal, but the ball flew too high. Vietnam carried out a counterattack in the following minute, but there was a lack of coordination between the players. The first half concluded with no goals for either team. Thailand launched more attacks after the break, threatening Vietnam’s net in several … [Read more...] about Vietnam subdue Thailand to strike gold for 2nd successive time in SEA Games men’s football

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

Rogen Ladon of the Philippines wins men's 52kg title on May 22. AFP/VNA Photo Thanh Hà Thailand won four golds while the Philippines and Việt Nam secured three titles each on the last day of the SEA Games 31 competition on May 22. The first victory of the Thais went to Somchay Wongsuwan in the men's 57kg as he beat Farrand Papendang of Indonesia 5-0. Bunjong Sinsiri followed his compatriot on the top podium after defeating Sarohatua Lumbantobing of Indonesia 5-0 in the men's 69kg category. Jakkapong Yomkhot beat Cambodian Ong Pherak in the men's 91kg class with a 5-0 result. Chuthamat Raksat outclassed Trịnh Thị Diễm Kiều of Việt Nam 5-0 in the women's 48kg pool. Rogen Ladon retained the men's 52kg title after beating Vietnamese bet Trần Văn Thảo for Philippine boxing's first gold at the Games on at Bắc Ninh Province's Gymnasium. Ladon was the aggressor from the get-go en route to a 3-2 split decision victory. The 28-year-old Ladon found an opening … [Read more...] about Boxing titles shared among Thailand, the Philippines and VN