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The Hanoitimes - The foreign-invested sector made up 76.4% of Vietnam’s total exports in the first two months with US$37.07 billion, representing an increase of 30.5% year-on-year. Vietnam reported an estimated trade deficit of US$800 million in February, narrowing the trade surplus in the first two months of 2021 to US$1.29 billion in 2019, the General Statistics Office (GSO) has said in a monthly report. Data: GSO. Chart: Ngoc Thuy Overall, Vietnam's trade turnover in the January-February period is likely to rise by 24.5% year-on-year to reach US$95.81 billion, of which its export value could amount to US$48.55 billion, up 23.2% year-on-year, and imports are estimated at US$47.26 billion, up 25.9%. According to the GSO, the foreign-invested sector made up 76.4% of the total exports with US$37.07 billion, representing an increase of 30.5% year-on-year, and the domestic-invested sector with US$11.48 billion, or 23.6% of the total. Among Vietnam’s key export staples, phones and parts are predicted to earn the largest export turnover during the January-February period at US$9.3 billion, up 22.8% year-on-year and accounting for 19.2% of Vietnam’s total exports. In addition, electronic products, computers and components have earned an estimated US$6.9 billion, up 27.3% year-on-year; followed by equipment and parts (US$5.5 billion and up 72.6%); garments (US$4.8 billion and down 0.01%). Data: GSO. Chart: Ngoc Thuy In the January – February period, the US, China, EU, ASEAN and South Korea remained Vietnam’s largest five export markets. Meanwhile, China continued to be Vietnam's largest supplier, selling US$17 . 3 billion worth of goods to Vietnam, surging 85 . 7% year-on-year. South Korea claimed the second place by exporting US$8 . 4 billion worth of goods to Vietnam, up 6.7% year-on-year, followed by ASEAN countries with US$5.6 billion, up 18.5%. …

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The Hanoitimes - In 2020, Hanoi targets to attract over US$5 billion in FDI, while investment promotion activities would focus on new markets, particularly member countries of the CPTPP and the EVFTA. The “Hanoi 2020 – Investment and Development Cooperation” conference, held on June 27, strongly promoted Hanoi as a safe and attractive investment destination in the post-Covid-19 era, according to Nguyen Gia Phuong, director of the Hanoi Promotion Agency. Leaders of Hanoi and the central goverment at the conference. Photo: Pham Hung. The first conference of this kind was held in 2016 when the city attracted 23 projects with investment capital of VND36.91 trillion (US$1.58 billion). In another conference one year later, the number of projects given an investment license increased to 48 worth VND74.36 trillion (US$3.19 billion). Notably, the 2018 edition of this conference, with 71 projects worth VND397 trillion (US$17.06 billion), laid the foundation for Hanoi to claim the top spot nationwide in two consecutive years of 2018 and 2019 in terms of foreign direct investment (FDI) attraction. In 2019, Hanoi attracted US$8.67 billion in FDI, the highest figure after 30 years of the open door policy. The actual FDI amounted to US$6.9 billion, up three-fold compared to that of in 2018. Japan is currently the largest investor to Hanoi with US$10.9 billion, followed by Singapore with US$8.2 billion, and South Korea with US$6.3 billion. This results reflect strong efforts by the local authorities in promoting investments and improving the business environment, Phuong said. For this year, the “Hanoi 2020 – Investment and Development Cooperation” was held right after the Covid-19 pandemic had been contained in the city. The event showed Hanoi’s determination to be the pioneer among Vietnam’s localities in rebooting the economy in the post-pandemic period. More importantly, the process would accelerate Hanoi’s administrative reform and enhance …

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Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. Meanwhile, Hanoi has recorded 14 straight days of no coronavirus cases. A total 60,693 people who came in close contact with COVID-19 patients or arrived from pandemic-hit areas are under quarantine nationwide, including 560 at hospitals, 12,298 at other quarantine sites, and 47,835 at home. Among patients under treatment, 62 have tested negative for SARS-CoV-2 once, 53 twice, and 95 thrice. Report from the Treatment Sub-committee showed that Vietnam has seen 1,876 recoveries so far. In a bid to live safely with the pandemic, people should strictly follow the Ministry of Health’s 5K message: khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering), and khai bao y te (health declaration)./. Hai Duong dissolves COVID-19 treatment hospital No.1 Chairman of the Hai Duong provincial People's Committee Nguyen Duong Thai, who is also head of the provincial Steering Committee for COVID-19 Prevention and Control, on February 27 decided to …

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