Exports increase dramatically while positive signs for FDI attraction

Monday, 29/11/2021 16:05
There were optimistic signs recorded in exports and foreign direct investment (FDI) attraction in the opening 11 months of the year, according to the General Statistics Office (GSO).

Photo for illustration (Source: NDO)

The GSO revealed that the country shipped US$299.67 billion worth of goods overseas in 11 months, representing a year-on-year rise of 17.5%, said the Voice of Vietnam.

As many as 34 products recorded an export value of over US$1 billion each, with seven items fetching over US$10 billion in turnover each.

November alone witnessed export turnover reach US$29.9 billion, marking a rise of 3.6% from the previous month and 18.5% against the same period from last year.

The United States remained Vietnam’s largest export market throughout the reviewed period, followed by China, the European Union, ASEAN, the Republic of Korea (RoK), and Japan.

Meanwhile, Vietnam imported goods worth US$299.45 billion during the 11-month period, up 27.5% year on year, with 43 imported items grossing over US$1 billion in value each.

China retained its position as the country’s largest import market spending US$98.5 billion, followed by the RoK, ASEAN, Japan, the EU, and the US.

Vietnam also enjoyed a trade surplus of US$100 million in November, thereby bringing the 11-month trade surplus to US$225 million.

Photo for illustration (Source: VOV)

Most notably, there were positive signs in terms of foreign direct investment (FDI) inflows into Vietnam, demonstrating foreign investors’ strong trust in the Vietnamese investment environment despite the impact of the COVID-19 pandemic.

FDI inflows into the country during the 11-month period surged by 0.1% to reach US$26.46 billion against the same period from last year, while Vietnamese investment overseas totaled US$677.3 million, a year-on-year rise of 38.1%.

Vietnamese young director honoured at International Documentary Film Festival Amsterdam

Young director Ha Le Diem has been honoured for best director in the category of International Competition at the 2021 International Documentary Film Festival Amsterdam for her documentary film “Nhung dua tre trong suong” (Children of the Mist).

This was the second most important award, only following the “best film” prize to the four-hour film “Mr. Landsbergis” by Sergei Loznitsa from Ukraine, reported the Nhan Dan newspaper.

A scene from the documentary "Children of the Mist" (Photo: NDO)

“Children of the Mist” (92 minutes) is about the life of Di, a 12-year-old girl descending from the H’Mong ethnic minority group located in Sapa town, Lao Cai province. From Di and her relationships around her, the female director highlighted the conflicts between ancient customs and modern values and the challenges that ethnic minority children, especially girls, have to face as they reach adulthood. Di wants to go to school but she was born in a locality with the unsound custom of "catching wife", which hindered her dream of receiving higher education. The film reflected the unfortunate consequences of this old traditional custom, including the risk of kidnapping and human trafficking.

In addition to the “best director” for Ha Le Diem, her film won the special prize voted by the jury, for the category of “the first film”.

Ha Le Diem was a student of the Centre for Assistance and Development of Movie Talents (TPD) and joined the 2016 Varan filmmaking course.

The International Documentary Film Festival Amsterdam has been held annually since 1988 and developed into the largest festival of its kind, attracting filmmakers around the world.

Hoang Nam wins M15 Cancun Tournament 2021

Vietnamese tennis player Ly Hoang Nam has successfully defeated Giles Hussey, a strong opponent of the UK, to win M15 Cancun Tournament 2021 in Mexico.

After winning 2-0 against the tournament’s No.7 seed in the final game on November 29 morning the Vietnamese star lifted the championship title in the men’s singles, according to the Voice of Vietnam.

Player Ly Hoang Nam wins M15 Cancun Tournament 2021 (Photo: Tien Phong)

Hussey is ranked 869th in the men’s tennis ATP Rankings, 166 places below Nam. The British player previously won his first ITF World Tour title in Mexico last week, defeating No. 6 seed Christian Langmo of the United States 6-3, 5-7, and 6-4 in the final of the Cancun M15.

This was the second time Nam had secured the title at the global tennis tournaments this year. He earlier claimed the M15 Sharm El Sheikh Tournament 2021 in Egypt.

Following the victory, the Vietnamese winner received a prize worth US$2,160, along with 10 more points as part of the ATP Rankings.

Nam has so far gained four professional tour titles in his career, including the M15 Cancun Mexico in November 2021, the M15 Sharm El Sheikh in Egypt in October 2021, the Vietnam F5 Futures in September 2016, and the Thailand F3 Futures in June 2017.

First wind power plant in Ben Tre put into operation

V1-3 Ben Tre wind power plant, the first of its kind in the Mekong Delta province of Ben Tre, has been put into operation.

Construction of the 7-turbine wind power plant began in April 2020 with a total investment of 1.5 trillion VND (over 66.1 million USD). It has a capacity of 30MW.

The plant is expected to generate an average output of 90 million kWh per year, and annually contribute 20 billion VND (over 882,000 USD) to the State budget in the first 14 years of its operation.

Speaking at the inauguration ceremony, Chairman of the provincial People’s Committee Tran Ngoc Tam said the operation of the plant contributes to concretising the province’s goal of maritime economic development, including the development of clean energy, thus helping promote its socio-economic development.

Inauguration ceremony (Photo: VNA)

He praised the investor, local authorities and sectors for their efforts and support for the project, while asking the provincial Department of Industry and Trade to coordinate with relevant agencies to remove difficulties and obstacles to speed up construction of other wind power plants in Ben Tre.

According to the provincial Department of Industry and Trade, in the period 2015-2020, Ben Tre province was approved by the Ministry of Industry and Trade to develop wind power projects with a total capacity of more than 1,000 MW.

Currently, 19 wind power projects are being implemented in the province. In 2022 and the following years, 17 other projects will be developed with a total capacity of more than 914 MW.

In addition, Ben Tre has proposed to add 26 projects with a total capacity of 6,400 MW. By 2025, power projects in the province are expected to generate an average power output of over 4.5 billion kWh with a total revenue of more than 10 trillion VND per year./.

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