By Anh Minh   December 10, 2019 | 01:59 pm GMT+7 VnExpress

Vietnamese textile manufacturers are seeing orders decline with buyers moving to others, cheaper developing countries.

Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG Investment and Trading JSC, which makes garments, said.

But this year many businesses have said they do not have enough orders for 2020, with some reporting a 20 percent drop in orders from last year. Besides, many have not signed long-term contracts for products, only monthly or quarterly, he said.

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By Minh Nga   December 10, 2019 | 07:48 am GMT+7 VNExpress

Vietnam is one of six countries most affected by climate change between 1999 and 2018, according to survey results released this week.

The Global Climate Risk Index, published by the German environmental think tank Germanwatch, ranked Vietnam sixth among countries hit hardest by extreme weather events in that period, with its Climate Risk Index (CRI) at 29.83.

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Ngoc Thuy

The Hanoitimes – Vietnam’s trade turnover reached US$473.73 billion in the January – November period, of which its exports amounted to US241.42 billion, up 7.8% year-on-year, and imports totaled US$232.31 billion, up 7.4%.

Vietnam reported an estimated trade surplus of US$100 million in November, resulting in a trade surplus of US$9.1 billion in the first eleven months of this year, the General Statistics Office (GSO) has said in a monthly report.

Data: GSO. Chart: Ngoc Thuy.

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ISDS Platform

Project Syndicate | 26 November 2019

How World Bank arbitrators mugged Pakistan

Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies for an illegal project that was never approved or carried out.

NEW YORK – Wall Street hedge funds and lawyers have turned an arcane procedure of international treaties into a money machine, at the cost of the world’s poorest people. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies – Antofagasta PLC of Chile and Barrick Gold Corporation of Canada – for a project that was never approved by Pakistan and never carried out.

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Forbes Nov 29, 2019, 03:00am – Ralph JenningsContributor 

Vietnam’s civil aviation authority estimates air passenger traffic will reach 131 million by 2020 following average growth of 16% last year and this year. By 2030, the authority expects 280 million civilian air trips per year.

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November, 22/2019 – 07:53 VNS

CÀ MAU — Cà Mau Province authorities has asked the Government for more than VNĐ622 billion (US$27 million) to finance 12 projects for relocating people from areas eroded by the sea and rivers.

At a meeting with Deputy Prime Minister Trương Hoà Bình on Tuesday, they also sought VNĐ648 billion in emergency assistance to strengthen and upgrade the 23.5km sea dyke section between the Đốc River and Cái Đôi Vàm Town.

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Update: November, 28/2019 – 08:36

How do you see the private sector developing?

In Việt Nam, there are three main types of enterprises: private enterprises, State-owned enterprises (SOEs) and enterprises with foreign direct investment (FDI). Private enterprises, especially the small and medium sized enterprises (SMEs) have fewer opportunities to receive incentives in tax, land and other factors.

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NOV 26, 2019 / 15:49 Ngoc Thuy

The Hanoitimes – The total investment capital of the project is estimated at VND100 trillion (US$4.3 billion).

The Chinese government has provided non-refundable aid for Vietnam worth over VND32 billion (US$1.37 million) to conduct a survey and a master plan for the Lao Cai – Hai Phong – Hanoi railway project connecting with China, according to the Ministry of Transport (MoT).

Illustrative photo.

The financial support was a result of high level talks between the two countries in 2015, stated the MoT in a statement.

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Hai Yen

The Hanoitimes – The neighboring country remained Vietnam’s leading supplier of steel over the last three years, with the quantity and value growing at two-digit growth rates annually.

Despite tighter trade protection measures against trade fraud activities, Vietnam imported 12.24 million tons of steel worth over US$8.1 billion in the first ten months of 2019, up 7% year-on-year in quantity and down 3.1% in value, in which China continues to be Vietnam’s largest steel exporter representing around 37% of Vietnam’s total steel imports, according to the General Department of Vietnam Customs (GDVC).

Illustrative photo.

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Update: November, 23/2019 – 08:22 VNS

Saturday, November 23, 2019, 10:00 GMT+7 Tuoi Tre

Thailand’s EGAT International Co started construction on Friday of a VND55 trillion (US$2.37 billion) coal-fired power plant in north-central Vietnam, Vietnamese state media reported.

The 1,320-megawatt Quang Tri 1 plant is being built in Quang Tri Province, reported the Vietnam News Agency.

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By Ta Lu, Doan Loan   November 18, 2019 | 12:33 pm GMT+7 VnExpress

Long Thanh International Airport in the southern Dong Nai Province will have an annual capacity of 25 million passengers when built in 2025.

Related News:

Làm thất bại chiến lược “diễn biến hòa bình”

Đừng lợi dụng tôn giáo làm điều trái đời, ngược đạo

QĐND – Những năm qua, với sự quan tâm của Đảng, Nhà nước, các tôn giáo ở Việt Nam đã phát triển mạnh mẽ, đóng góp to lớn vào công cuộc xây dựng và phát triển đất nước. Tuy nhiên, bên cạnh những chức sắc, tín đồ chân chính tu hành đúng giáo lý, giáo luật; còn có một số người lợi dụng tôn giáo để thực hiện những hành vi đi ngược với giáo lý của tôn giáo và đạo lý của dân tộc Việt Nam, trái với quy định của pháp luật. Hành vi của số người này đã làm mất thanh danh của tôn giáo, gây bức xúc trong xã hội.

Lễ Giỗ Tổ Hùng Vương là nét đẹp văn hóa đặc sắc của dân tộc. Ảnh: qdnd.vn

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Friday, November 15, 2019, 16:05 GMT+7 Tuổi Tre

A woman has become the first Vietnamese national to be granted the honorary citizen of Seoul title for her contributions to the South Korean capital.

Le Nguyen Minh Phuong, a native of the central Vietnamese city of Da Nang, was among 18 foreigners awarded the honorary citizenship of Seoul in 2019 at a ceremony held at Seoul City Hall on Wednesday.

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Friday, November 15, 2019, 13:43 GMT+7 Tuổi Trẻ

Vietnam is struggling to curb fraud in exports destined for America, custom officials said Thursday, as manufacturers seek to dodge punishing tariffs due to the US-China trade spat by illegally using “Made in Vietnam” labels.

Exporters have started shifting production from China to Vietnam to avoid steep tariffs imposed by US President Donald Trump on hundreds of billions of dollars worth of Chinese goods.

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