When will support for high sierra end

Electronics, textiles Hai Duong currently has more than 130 large projects producing supporting industry products, with those in the field of electronics accounting for over 30 percent. The province has established 14 industrial parks covering ​​​​nearly 3,000 hectares, with nearly 500 foreign investment projects totaling US$9.1 billion from 26 countries and territories, mainly in manufacturing high-tech and electrical products, electronic components, automobiles, cement, iron and steel, textiles, mechanical and precision mechanical equipment. These manufacturers offer a huge and diverse downstream market for supporting industry products. Many transnational corporations operate in Hai Duong Province A senior official of Hai Duong’s Department of Industry and Trade said that the province's supporting industry has made some progress in terms of both quality and quantity, particularly in mechanical engineering, electricity-electronics, and textile-footwear. The … [Read more...] about Hai Duong supporting industry takes first steps in global supply chains

The ministry said it is collecting opinions from other ministries and departments on a draft report on measures to combat Covid-19 in the "new normal" situation for submission to the government. The latest assessment comes more than two months after the PM had asked the health ministry to work on declaring Covid-19 an endemic. The ministry said that from March until now, the number of new Covid-19 cases and deaths has "stably decreased," and the number officially registered with the national database has stayed at fewer than 1,000 cases each day in recent times while the death rate has fallen to 0.06 percent of the total number of infections. Vietnam has covered almost 80 percent of its 96-million population with two vaccine doses; and the group of those from five years old are to receive the second doses within June. Despite this, the ministry said it was not the right time for Vietnam to consider Covid-19 endemic because the novel coronavirus is constantly changing and it is … [Read more...] about Not time yet to declare end of Covid-19: health ministry

Some Vietnamese businesses specializing in producing molds, bicycle and motorbike parts, standard mechanical parts, power cable, plastic – technical rubber parts are quite promising since their products both satisfy domestic demands and are welcomed in other countries like Japan. However, the productivity of local enterprises in the support industry is rather limited due to a lack of capable, high-quality human resources, low investment in equipment, and insufficient information of international low-cost raw material suppliers. The establishment of the three support centers aims at assisting industrial manufacturers and enterprises of the support industry to innovate themselves, to carry out technological transfers, and to increase added value for the participation in the global supply chain. In addition, the Ministry of Industry and Trade is accelerating trading connections between Vietnamese export companies for support industry products and Japanese enterprises via the Vietnam … [Read more...] about Vietnam to increase export of support industry products to Japanese market

The Ministry of Agriculture and Rural Development (MARD) has proposed helping fishermen amid increasing petroleum prices. Many fishing boats in Vietnam are staying ahosre due to high petroleum prices MARD reported that petroleum prices have kept rising since December last year, which left up to 55 percent of fishing boats in Vietnam staying ashore. This has affected the seafood supply for the domestic and export markets. The country has 91,716 fishing vessels that consume an average of about 330 million litres of fuel per month. Diesel 0.05S, the main fuel for fishing vessels, has surged in price by 65 percent compared to late December last year. This means that fuel costs for fishing activities have increased by roughly VND3.77 (USD162.5 million) trillion each month. Fuel costs usually account for 45-60 percent of input costs for fishing vessels, which means an overall increase in operational costs of 35-48 percent. MARD has recommended assistance for … [Read more...] about Support proposed for fishermen struggling with petrol price hike

There has been increasing pressure on refineries to increase production as petrol prices continued to spike in recent months, according to Bùi Ngọc Dương, director-general of Bình Sơn Refining and Petrochemical JSC (BSR), which runs one of the country's largest refineries, the Dung Quất Refinery. The Dung Quat Refinery in central Quảng Ngãi Province. VNA/VNS Photo Đăng Lâm The refinery accounted for over 30 per cent of Vietnam's petrol demand since the beginning of the year. Dương said the refinery had been running at 109-112 per cent capacity during April and May to meet market demand. It's very unlikely that the refinery can ramp up production capacity any further from now until the end of the year due to safety concerns. According to the Ministry of Industry and Trade, the country's demand for petrol products in the second quarter of 2022 was estimated at 5.2 million cubic metres and 20.6 million cubic metres for the entire year. Rising … [Read more...] about Policy changes needed for refineries to keep high capacity

Shark catfish exports to China in particular increased by 124 percent, accounting for 26.5 percent of shark catfish export trade turnover, according to data by the Ministry of Agriculture and Rural Development. It is followed by exports to the U.S. with a 131 percent, EU with a 89 percent, Thailand with a 85 percent, and Brazil with a 51 percent increase. At the end of April, the price of exported frozen shark catfish to the U.S. reached a new peak at $5 per kilogram, around $2 higher than the same period last year. In China, the price of filleted shark catfish was around $3.15-3.25 per kilogram, around $0.5 per kilogram higher than the same period last year. Shark catfish trade is expected to flourish this year, BIDV Securities Company anticipated. It said demand in the U.S., China and EU would be high following long periods of Covid-19 restrictions. In the U.S., importers have taken in more shark catfish as its stock inventory had run low following two years of Covid-19. The … [Read more...] about Shark catfish exports reach record high

An MB Securities employee talking to a customer at its office. Many listed companies have attractive valuations after a three-week downturn. — Photo top247.vn The stock market fell for a third week in the row, but the benchmark remained at the previous bottom of 1,150-1,160 points. Experts said that this is a positive signal helping strengthen investors’ sentiment this week. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended last week at 1,185.48 points, a decline of 0.29 per cent, while the HNX-Index on the Ha Noi Stock Exchange (HNX) fell 0.45 per cent to 275.93 points. For the week, both benchmarks registered a weekly decrease, of which the VN-Index lost 2.6 per cent and HNX-Index dipped 1.5 per cent. Liquidity dropped sharply, but cash flow still found investment opportunities on leading stocks in banking, securities, steel, real estate, insurance and energy sectors. The order-matching liquidity on HOSE tumbled to a record low set in 2020, an average of more … [Read more...] about Positive signals support investors’ mood this week

The jack-up rig PV Drilling VI. PV Drilling climbed up to 7 per cent yesterday, supporting the market's bullish trend.- Photo pvdrilling.com.vn On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index settled higher, ending its four-day losing streak. The index surged 19.61 points, or 1.68 per cent, to 1,188.88 points. The market's breadth returned to a positive zone with 318 stocks gaining points, of which 50 stocks hit the biggest daily increase of 7 per cent, while 153 stocks declined. However, liquidity remained at a low level, of which the matching value on the southern bourse was just VND8.86 trillion (US$381 million), equal to a matching volume of 380 million shares. The index's reversal was driven by the improvement of risk appetite. The VN30-Index rose 13.41 points, or 1.09 per cent, to 1,240.58 points. Twenty of the 30 biggest stocks in the VN30 basket inched higher on Thursday, of which two stocks registered the maximum intraday gain of 7 per … [Read more...] about VN-Index rises sharply on back of high risk demand

Ambassador Nguyen Phuong Tra , Charge d'affaires a.i. of Vietnam to the UN (Photo: VNA) New York (VNA) – Vietnam reaffirmed its support for the UN Secretary-General ’s appeal for a global ceasefire while attending a dialogue held at the UN headquarters in New York on June 28. In her remarks, Ambassador Nguyen Phuong Tra, Charge d'affaires a.i. of Vietnam to the UN, pointed out that while the COVID-19 pandemic continues to threaten peace and development efforts, conflicts in many regions have led to heavy casualties and growing humanitarian challenges. She held that the international community should give high priority to ensuring compliance with international law and the UN Charter. She also underlined the role of multilateralism and multilateral mechanisms with the UN at their centre. To promote a ceasefire, it is necessary to boost compliance with Resolutions 2532 and 2565, and relevant resolutions of the UN Security Council, Tra said, suggesting a framework … [Read more...] about Vietnam reaffirms support for UN Secretary-General’s appeal for global ceasefire

An ETC station on the Hà Nội-Hải Phòng Expressway. — VNA/VNS Photo HÀ NỘI — The Ministry of Transport has asked the Directorate for Roads of Việt Nam (DRVN), the Việt Nam Expressway Corporation (VEC), the Việt Nam Infrastructure Development and Finance Investment Joint Stock Company (VIDIFI), and other service providers to realise the Prime Minister's request on completing automatic non-stop toll collection (ETC). The ministry requested VEC to direct service providers and related units to urgently install and operate the ETC system on highways by July 31. In case of delay, the ministry will handle it according to its competence or report it to authorities for strict handling in accordance with the law, including the suspension of toll collection. The ministry asked DRVN to direct and coordinate with VEC in deploying the ETC system on highways managed by VEC, ensuring the schedule and smooth operation. Meanwhile, VIDIFI was asked to continue piloting the ETC on the … [Read more...] about Automatic toll collection set for all expressways in Việt Nam by end of July