Prices rise on many essential products in Mekong Delta amid social distancing

The rising incidence of COVID-19 has led many localities in the Cuu Long (Mekong) Delta region to adopt social distancing.

Business activity has shrunk dramatically but consumers have been buying and stockpiling food, resulting in a shortage of certain products and pushing up their prices.

After the An Giang provincial People’s Committee announced social distancing under Directive 16 in nine districts and city for 10 days from July 15, people rushed to buy goods.

The day before at Long Xuyen Market the prices of many vegetables shot up. For instance the price of a kilogramme of bottle gourd quadrupled to 44,000 VND.

Nguyen Minh Hung, director of the provincial Department of Industry and Trade, told Tuoi Tre online that this happened because people in some places were worried.

“We have plans in place to ensure steady supply of goods. Currently goods are being transported to traditional markets.”

In Can Tho city, which announced Directive 16 in Ninh Kieu, Cai Rang and Binh Thuy districts and Directive 15 in other places from July 12, 64 out of 105 traditional markets are closed. The difficulty in transporting goods from outside has also affected supply of goods in recent days.

A resident of An Khanh ward in Ninh Kieu said since July 12 he has had to get up early every day to buy food, but has to go to three or four places before finding all necessary items such as meat, vegetables and eggs.

Most places do not have enough poultry eggs to meet demand, he added.

A resident of An Binh ward said she bought 20 duck eggs from a seller on Facebook for 80,000 VND, while it was only 60,000 VND earlier.

An employee at a Satra convenience store on Nguyen Van Linh street, Ninh Kieu district, said pork and vegetables used to be available at his store until evening, but not since July 11 when they are sold out at 8am.

The situation is similar in Hau Giang province, where Directive 16 is in place in Long My town’s Long Phu commune since July 13.

Traditional markets and supermarkets have been crowded with shoppers coming to buy mainly items such as rice, instant noodles, milk, packaged foods, vegetables, fruits, and meat.

At traditional markets many sellers said they sell out much earlier than before.

Tran Thi Nhu Lan, who sells agricultural products at the market, said: “Gourds, melons, squash, and pumpkins are in high demand. Each customer buys two or thrice times the usual volume, and so I sell out goods pretty early.”

This high demand means the prices for agricultural goods at traditional markets have shot up, especially those transported from other provinces, according to traders.

Nguyen Van Tham, deputy director of the Hau Giang Department of Industry and Trade, said the pandemic has had a significant impact on production, business, markets, and commodity prices.

The province has plans to stockpile goods to ensure adequate supply for different COVID scenarios, he said.

“So people should not panic and buy goods to hoard.”

According to the Can Tho Market Management Department, prices are up mainly at traditional markets and small shops, and it would co-ordinate with other relevant agencies to strengthen oversight.

Ha Vu Son, director of the city Department of Industry and Trade, said a number of sales outlets would be set up for people to buy goods at regular prices.

Supermarkets and convenience stores in many places have seen the number of shoppers increase by 100-200 percent besides a surge in online orders.

But they have promised to keep prices steady.

La Ngoc Truong, director of Co.opmart Can Tho, said the number of online orders has increased by 500 – 600 percent and the store has increased stocks by more than 50 percent to meet demand.

Source: Vietnam News Agency

Bac Giang strives to become modern-oriented industrial area by 2030

Identifying industrial development a key economic drive, the northern province of Bac Giang eyes turning itself into an industrial locality following a modern and sustainable orientation.

Goals have also been set for the sector’s gross regional domestic product (GRDP) to grow by 19 percent annually during 2021-2030 and for its value to exceed 652.15 trillion VND (28.3 billion USD) by 2025 and hit 2.2 quadrillion VND by 2030.

Bac Giang aims to set up 23 new industrial parks (IPs), expand five IPs, and merge six industrial clusters into a 6,518-ha IP, pushing the total number of local IP to 29 spanning 7,840 ha by 2030.

Meanwhile, 29 new industrial clusters will be established and three other expanded, covering a total area of 1,853 ha. By 2030, Bac Giang hopes to house 66 clusters spanning 3,209 ha.

The local IP development follows a model that consists of an IP and an urban-service area with modern technical and social infrastructure. Prioritised industries include mechanics and manufacturing, and farm produce and food processing. Investment attraction, high-quality human resources building, and technological transfer and application are also focal points.

According to the provincial Department of Industry and Trade, to date, Bac Giang has six IPs covering 1,322 ha; five of them have become operational. They have attracted 409 projects from domestic and foreign investors worth 9.4 trillion VND and nearly six billion USD, respectively.

In 2020, budget collection from the IPs reached over 2.2 trillion VND, or 11 percent of the provincial budget

Source: Vietnam News Agency

Italian firms seek investment opportunities in Vietnam

Vietnam is emerging as a promising trade and investment destination for the business community in Italy’s Sicily region, as heard at a forum aimed at connecting Vietnam and Sicily held on July 14-16.

Speaking at the event, Alessandro Albanese, head of the General Confederation of Italian Industry (Confindustria), said in the coming time, the Confindustria in Sicily will promote its role in linking firms in the region with the Vietnamese market via creating the foundation for specific trade agreements.

Vietnamese Ambassador to Italy Nguyen Thi Bich Hue highlighted diverse cooperation fields and a myriad of trade and investment opportunities for the two sides, particularly after tariffs will be gradually eliminated following the ratification of the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam is also a gateway to the ASEAN market, she added.

Participating enterprises paid attention to Vietnam’s development and investment priorities, farm produce trade prospects, smart city, environment, new energies, and links between local businesses and Vietnamese students studying in Italy, among other matters.

President of Sicily Nello Musumeci said he supports the EU-Vietnam Investment Protection Agreement (EVIPA) as it is a drive to boost investment between Vietnam and Italy.

He pledged to call for accelerating the ratification of the pact.

Vietnam – Italy trade in the first five months of 2021 reached 2.29 billion USD, up 29.3 percent year-on-year.

Source: Vietnam News Agency

Vietnam expects to raise 120 trillion VND worth of G-bonds in Q3

The State Treasury recently announced a plan to auction Government bonds worth of 120 trillion VND (5.21 billion USD) via the Hanoi Stock Exchange in the third quarter.

Specifically, five-year bonds will be worth 10 trillion VND, seven-year ones 8 trillion VND, 10-year bonds valued at 40 trillion VND, 15-year bonds 50 trillion VND, 20-year bonds 5 trillion VND and 30-year bonds 7 trillion VND.

The State Treasury could adjust the volume of issued bonds to suit market situation and meet demand for State budget use.

In the first half of this year, it mobilised over 141.4 trillion VND worth of Government bonds, or 40.4 percent of the target assigned by the Finance Ministry.

Source: Vietnam News Agency

Hanoi halts all non-essential services from 0:00 on July 19

Chairman of the Hanoi municipal People’s Committee Chu Ngoc Anh on July 18 ordered halting all non-essential services amid the complicated developments of the COVID-19 pandemic.

Accordingly, Hanoi citizens are required to stay at home and only go out when necessary such as business trip, food and medicine purchase, and other emergency cases like health check-ups and treatment.

The municipal authorities also asked residents not to gather more than five people outside the workplaces, schools and hospitals, and fill in health declarations on the website www.tokhaiyte.vn or apps Ncovi and Bluezone.

Agencies, businesses, including foreign-invested ones, were urged to actively outline online working or work-in-shift plans.

Shopping malls, supermarkets, wholesale and wet markets in the city only sell necessities. Public transport means must reduce seats by half.

The city directed preparing sufficient food and necessities in every case

Source: Vietnam News Agency

15th NA’s first session to open on July 20

The first session of the 15th National Assembly will open in Hanoi on July 20 morning.

The event will take place at a time when the country is realising the Resolution adopted by the 13th National Party Congress and the elections of deputies to the 15th legislature and People’s Councils at all levels for the 2021-2025 tenure wrapped up successfully.

It holds special significance as it will lay a foundation for activities of the 15th legislature, including the election and approval of leadership positions in State agencies, discussions on socio-economic reports and the making of decisions on other important issues.

Lawmakers are due to decide on the numbers of NA Vice Chairpersons and members of the NA Standing Committee, as well as elect NA Chairperson and Vice Chairpersons, members of the NA Standing Committee, NA Secretary General, Chairperson of the NA Ethnic Council, heads of the NA committees, and State Auditor General.

They will also elect State President, Prime Minister, Vice State President, Chief Justice of the Supreme People’s Court and Prosecutor General of the Supreme People’s Procuracy. They will decide on the structure and number of the Government members and approve the appointment of Deputy Prime Ministers, ministers and other Government members, the list of Vice Chairpersons and members of the Council for National Defence and Security (if any), and judges of the Supreme People’s Court.

Later, the NA Chairman, State President, PM and Chief Justice of the Supreme People’s Court will take oaths before the legislature, which will be live broadcast nationwide.

The NA will also look into reports reviewing socio-economic performance and State budget in the first half and measures for the remaining months of this year, thrift practice and wastefulness prevention in 2020; approve the 2019 State budget balance, decide on the 2021-2025 socio-economic development plan and national financial plan, public capital borrowing and payment as well as the mid-term public investment plan for 2021-2025, and the national target programme on new-style rural building, and poverty reduction and sustainable social welfare for 2021-2025.

The National Election Council is due to deliver a report on the elections of deputies to the 15th legislature and People’s Councils at all levels for the 2021-2026 tenure and results confirming the eligibility of 15th NA deputies. The Vietnam Fatherland Front Central Committee will collect and submit voters’ feedback to the session.

Participants will also adopt resolutions on the programme on law and ordinance building in 2022, the NA’s 2022 supervision programme, and the establishment of a group in charge of thematic supervision.

As planned, the session will close on July 31.

As many as 435 out of 499 deputies have been vaccinated against COVID-19. Before arriving in Hanoi, they must test for COVID-19 thrice.

Source: Vietnam News Agency

Government proposes sustaining structure of ministries, ministerial-level agencies

The Government has proposed the National Assembly keep its structure of 18 ministries and four ministerial-level agencies for the 15th tenure.

The 18 ministries consist of the Ministries of Defence; Public Ministry; Foreign Affairs; Home Affairs; Justice; Planning and Investment; Finance; Industry and Trade; Agriculture and Rural Development; Transport; Construction; Natural Resources and Environment; Information and Communications; Labour, Invalids, and Social Affairs; Culture, Sports and Tourism; Science and Technology; Education and Training, and Health.

The four ministerial-level agencies are the Committee for Ethnic Minority Affairs; the State Bank of Vietnam; the Government Inspectorate of Vietnam; and the Government Office.

The proposal also reviewed the Government’s structure in the 14th tenure, saying it followed a multi-sector and multi-aspect model whose management scale has been gradually improved, contributing to the realisation of goals set by the 12th National Party Congress’s Resolution.

Regarding the structure for its 15th tenure, the Government plans to step up administrative reform, renovate and arrange the political system following the 13th National Party Congress’s Resolution, Resolution No. 18-NQ/TW issued at the Party Central Committee’s sixth plenum, and the National Assembly’s Resolution 56/2017/QH14.

The structure is set to be streamlined, efficient and effective following the multi-sector and multi-aspect model

Source: Vietnam News Agency