Illustrative image (Source: VNA)
According to the ministry, Vietnam mostly exported telephones and accessories, computers, electronics, footwear, garment and textile products, seafood, and handbags and wallets to the EU.
Meanwhile, the country imported 9.7 billion USD worth of goods from the EU, a rise of 19.6 percent over the same period in 2020. Major imports were accessories, automobile spare parts, completely-built-up cars and household appliances.
The EU-Vietnam Free Trade Agreement took effect for one year on July 31, benefiting Vietnam's exports to the market.
Indian newspaper: Vietnam emerging as post-pandemic economic power in region
Vietnam and India are emerging as economic powers in the region that will make a difference in the post-pandemic times, The Economic Times cited Indian Ambassador to Vietnam Pranay Verma as saying.
Illustrative image (Photo: VNA)
According to Vietnam News Agency, the ambassador was speaking at a recent webminar on global trade and investment opportunities for Indian industry in Vietnam organised by India’s PHD Chamber of Commerce and Industry (PHDCCI).
Vietnam and India have emerged as global trade partners due to their policy initiatives and increase in their trade and investments, he said.
While applauding PHDCCI’s diligent efforts in fostering business and trade relations of India with other countries of the world, Verma discussed challenges faced in Vietnam related to disruption in production, supply chain, logistics, and many more yet at the same time arising of new opportunities in areas of technology, business practices, trade relations, diversifying partners and trade baskets.
Verma emphasised that there is a need for Vietnam and India to take advantage of each other’s economic strength for increasing business relations between the two nations, at the same time leverage each other’s global value chains to utilise each other’s trade network.
There is also a need to look at the domestic market, especially in India that can offer growth opportunities to Vietnam with focus on e-documentation and e-payments which help to increase business growth and foster B2B engagement, connecting MSMEs.
There is a need for structural improvement where the government and business partners need to work in sync and also improve shipping connectivity between the two nations.
He further added that mutual recognition of standards and certifications will have a positive impact on the trade and electrical machinery vertical.
Counselor Do Thanh Hai spoke about the flow of economic and trade opportunities between Vietnam and India despite the pandemic, saying the economic and trade exchange will pick up in the time to come.
There is a restructuring of the global supply chain and both nations have the capabilities to take advantage of the opportunity. With the strategic location of both nations and change in reforms, there will be an increase in trade exchange and will be a driving engine for the global economy in near future, he said.
Hanoi sets up first 'green zones' COVID-free areas
Nearly 50 residential areas in Hanoi’s Hoang Mai district without COVID-19 cases were marked as the “green zones” on August 2, reported Vietnam News Agency.
Nearly 50 residential areas in Hanoi’s Hoang Mai district without COVID-19 cases were marked as the “green zones” on August 2. (Photo: VNA)
Barriers and a green board were put up at their entrances, indicating no COVID-19 patients have been reported there and outlining measures that non-residents must take before entering.
The measures include making health declarations, following the 5K message, and placing parcels and deliveries at the entrance.
The move came following orders from Hoang Mai district’s Party Committee, which instructed 14 wards under its jurisdiction to put up barriers around COVID-free areas to maintain their safety.
The 50 green zones reported are in Mai Dong and Dai Kim wards.
Speaking about the measure, Nguyen Tuan Anh, head of the Hoang Mai Party Committee’s Commission for Information and Education, said: “We learned from Ho Chi Minh City. The pandemic situation is so complicated there, but some wards and residential areas that have not got any COVID-19 patients have put up barriers to protect themselves from the virus.
“We realised this is a good model to learn from and should be duplicated, so we instructed the 14 wards in our district to do the same.”/.