Photo for illustration (Source: congthuong.vn)

Germany represents the largest import market for Vietnamese shrimp in the EU, thereby accounting for 26% of the total value of local shrimp exports to the EU, according to the Voice of Vietnam.

The nation’s shrimp exports to Germany during the opening seven months of the year saw an increase of 40% to US$83.6 million.

However, shrimp exports in August and the first half of September to the demanding market endured a decline due to social distancing measures serving to disrupt production activities.

Thanks to robust growth seen over the previous months, shrimp exports to the Central European country by mid-September enjoyed an increase of 24.5% to US$97.2 million.

Kim Thu, an expert of the Vietnam Association of Seafood Exporters and Producers (VASEP), revealed that Vietnamese shrimp exports to Germany have sufficiently taken full advantage of the EU-Vietnam Trade Agreement (EVFTA), largely due to the tax reduction placed on several products coded HS03061792, HS 03061799, HS 16052110, HS 16052190, and HS 16052900.

Amid the ongoing complex nature of the COVID-19 pandemic, Germany has moved to increase its import demand for convenient, instant, and easy-to-cook products both at home and canned products, with certified sustainable shrimp products consistently being favoured by German consumers.

These factors represent advantages for Vietnamese shrimp enterprises as they strive to increase exports to the fastidious market moving forward.

Vietnamese scientist awarded silver medal of Belarus

Ambassador of Belarus to Vietnam Vladimir Goshin presented the Silver Medal of the National Academy of Sciences of Belarus (NASB) to Professor Chau Van Minh, President of Vietnam Academy of Science and Technology (VAST), in recognition of his outstanding achievements in science.

Professor Chau Van Minh (Source: daihoidang.vn)

The Ambassador affirmed that Professor Minh is a great scientist who has actively and consistently supported the cooperation between Vietnam and Belarus. The awarding of the medal to Minh showed the appreciation of the Belarus academy for the scientific research work of the professor in particular and the VAST in general.

As the president of VAST, Minh has actively promoted the development of scientific and technological cooperation with Belarus and the NASB, he said.

Speaking at the event, Professor Minh expressed his honour to be awarded the Silver Medal and thanked the NASB for always supporting the cooperation relationship with VAST, enabling scientists of the two countries to successfully carry out many research projects of great scientific and practical significance.

He said he expected that more joint research and training projects between the two countries will be carried out in the coming time.

700,000 children in HCM City to be vaccinated against COVID-19

Ho Chi Minh City Department of Health announced that it is expected to issue a vaccination plan against COVID-19 for those between the age of 12 and 18.

Photo for illustration (Source: MoH)

In line with the scheme, a total of 700,000 children in the age group will be inoculated, said the Voice of Vietnam.

This comes after the Ministry of Health approved the administration of COVID-19 vaccines for those aged 12 to 17, with those aged 16 to 17 prioritised.

The vaccines must be administered in two doses, with both being of the same brand of vaccine. In addition, parents or other legal guardians must give their consent to approve the children's vaccination.

At present, the Ministry have not explicitly said which types of COVID-19 vaccine will be used for children aged 12 to 17. So far, only the Pfizer vaccine has been adopted by the US Food and Drug Administration (FDA) for this specific age range.

Deputy Health Minister Tran Van Thuan stated that during his recent visit to Cuba, President Nguyen Xuan Phuc asked the Caribbean country to send a dossier relating to child vaccines for consideration.

Vietnam's GDP forecasted to see highest growth in ASEAN 5 group

The International Monetary Fund (IMF) has forecast Vietnam’s GDP to grow at around 3.8% this year, higher than that of its regional peers, Malaysia, Thailand, the Philippines, and Indonesia.

Photo for illustration (Source: hdll.vn)

Vietnam’s GDP is predicted to grow at around 3.8% this year, higher than that of Malaysia, Thailand, the Philippines, and Indonesia, said the Voice of Vietnam.

Vietnam’s GDP is predicted to grow at around 3.8% this year, higher than that of Malaysia, Thailand, the Philippines, and Indonesia.

The IMF said in its "World Economic Outlook" report released recently that Asia's economic growth this year is predicted to stand at about 6.5%, with some countries enjoying good GDP growth rates such as Singapore at 6% in comparison to last year's negative growth rate of 5.4%, and China at 8% compared to 2.3% recorded in the previous year.

The remaining 4 countries, Indonesia, Thailand, the Philippines, and Malaysia last year all recorded negative growth, and this year's growth forecast is also below 3.5%, the IMF said, while forecasting that Thailand will grow at a mere 1% compared to last year's GDP negative growth of 6.1%.

According to the IMF, supply chain disruptions and price pressures are restraining the recovery momentum of economies. As a result, the global growth forecast for 2021 was downgraded to 5.9%, representing a slight drop from the previous figure of 6% and unchanged forecast for 2022 at 4.9%.

Photo for illustration (Source: vovworld.vn)

This organization said the labor force participation in the market remains lower than the pre-pandemic level. Overall, the labor market in emerging and developing countries is more affected than in developed ones.

Elsewhere Vietnam’s GDP growth forecast for this year has been lowered to 2-2.5%, according to the World Bank's October 2021 Vietnam Macro Monitoring.

Vietnam's GDP in the third quarter of 2021 fall by 6.2% from the same period last year, the sharpest decline since the nation announced its quarterly GDP, the WB estimated.

Given the sharp contraction of the GDP in the third quarter and depending on the strength of the economic rebound in the fourth quarter, GDP growth for 2021 is projected to be in the 2% to 2.5% range, well below the WB's August forecast of 4.8%, it said./.

Compiled by BTA