Workers’ average monthly income continues to grow in Q3

The average monthly income of workers in most economic sectors continued to increase and the unemployment rates declined in the third quarter of this year, according to the General Statistics Office (GSO).

 

Figures revealed at a conference on October 6 showed that workers’ average monthly income in most economic sectors in the third quarter of this year stood at 6.5 million VND (272.2 USD), an increase of 143,000 VND compared to the previous quarter.

 

This number had a strong growth rate, up to 30.1% or 1.6 million VND (67 USD) compared to the same period last year when the COVID-19 pandemic spread in many localities.

 

The GSO also reported the average income of employees in the first nine months of this year was 6.6 million VND (276.4 USD), a sharp increase of 727,000 VND or 12.4% compared to the same period in 2021.

 

The country’s economy has continued to record positive signs. The number of employed people increased compared to the previous quarter and the same period last year.

 

The number of employed people aged 15 and over reached 50.8 million, an increase of over 255,000 people compared to the previous quarter and 3.5 million people over the same period last year.

 

The number of underemployed people in the age group was about 871,000, down more than 10,000 people compared to the previous quarter and over 993,000 people compared to the same period last year.

 

The underemployment situation of workers continued to improve. However, it was still higher than the same period before the COVID-19 pandemic.

 

Unemployment continued to have a downward trend compared to the previous quarter and the same period last year. The number of unemployed people of working age during this period was over 1.6 million, down nearly 14,000 compared to the previous quarter and 658,000 compared to the same period last year.

 

According to the GSO, in the past nine months, Vietnam’s economy has witnessed a strong recovery in all economic sectors and workers’ lives are improved. The average income of workers increased well in all three economic sectors.

 

The income of salaried employees was 7.5 million VND (314 USD), an increase of 805,000 VND or 12.1% over the same period in 2021. Salaried workers in urban areas had an average income 1.24 times higher than those in rural areas./.

 

Source: Vietnam News Agency

Vietnam records nearly 1,000 cyberattacks in September

Vietnam was hit by 988 cyberattacks in the first nine months of this year, according to the National Cyber Security Centre under the Ministry of Information and Communications.

 

The figure represents a rise of 8.9% from August, and 19.9% year-on-year, the centre reported.

 

In the third quarter, the centre detected and guided the handling of 2,878 cyberattacks, up 15.5% over the same period last year.

 

On September 14, it launched a campaign to clean up malicious codes in Vietnam’s cyberspace.

 

At the same time, the centre has stepped up communication work to raise public awareness of cyberattacks and preventive measures./.

 

Source: Vietnam News Agency

Vietnam, Germany boost academic exchange

A scientific workshop to promote academic exchange between Vietnam and Germany was held by the Vietnam Academy of Social Science (VASS)’s Institute for European Studies (IES) in Hanoi on October 6.

 

Addressing the event sponsored by Germany’s Friedrich Naumann Foundation, Assoc. Prof. Dr. Nguyen Chien Thang, Director of the IES, said that workshop offers a good chance for scientists to exchange their views, thereby clarifying scientific arguments and progressive values of economic thought trends in Germany.

 

Director of the Friedrich Naumann Foundation in Vietnam Prof. Andreas Stoffers said studying the history of the formation and development of theoretical content of German economic thought trends helps enhance theoretical and practical research activities, contributing to understanding more about Germany, as well as to promoting cooperation between the two countries.

 

On the basis of cooperation projects, the Friedrich-Naumann Foundation has organised dialogues, seminars and activities to promote academic exchange between Vietnam and Germany in terms of education and training, open society and digitisation, future of economic market and international integration, he stressed.

 

Participants to the event focused their discussions on the influence of Marx’s economic thought, social market economy thought, free market economy thought, and sustainable development thought./.

 

Source: Vietnam News Agency

 

New Zealand remains promising market for Vietnam’s exports: Insiders

Vietnam is trying to tap great potential to increase exports to New Zealand, a promising market where it has won only 1.7% of the local market share, held insiders.

 

In the first eight months of this year, two-way trade between reached 1.7 billion NZD (963.81 million USD), up 21.4% year on year.

 

Upturn was seen in the revenue of many Vietnamese exports, including tea and coffee (52%), pottery and ceramics products (108%), paper and paper products (48%), steel (36.8%), and garment, footwear and accessories (22.8%).

 

According to the Vietnamese trade office in New Zealand, revenue of the majority of the exports has recorded double-digit growth, especially construction materials. It explained that along with an increase in export volume, the prices of products in New Zealand has also risen.

 

The office forecast that Vietnam’s exports to the market will continue to grow as the two countries have been members of many common trade deals which provide many tariff advantages in the market, thus increasing the competitiveness of Vietnamese products.

 

Alongside, many businesses are considering switching their supply chains and seek more suppliers from Vietnam, especially in garment and construction materials.

 

At the same time, thanks to the development requirement after the COVID-19 pandemic and the recovering consumption and travel demands, economic cooperation and trade between Vietnam and New Zealand are likely to be lifted up in the future, according to the office.

 

However, it reminded exporters to make sure that their products meet food safety requirements in this choosy market.

 

The office stressed the need for Vietnam to design a systematic and long-term strategy to promote exports to the market, focusing on creating a smooth legal corridor for the export of agro-forestry-fisheries products, asking New Zealand to continue to widen its door for Vietnamese farm produce and aquatic products, building value chains and improving food processing technologies to enhance product quality, and strengthening trade promotion activities

 

Source: Vietnam News Agency

 

Da Lat vegetables exported to Singapore, RoK

Lettuce cultivated in the Central Highlands province of Lam Dong’s Da Lat city has been exported to Singapore and the Republic of Korea (RoK), according to the municipal People’s Committee.

 

About 24 tonnes of the vegetable and others from the city’s Langbiang Farm were shipped to Singapore at the beginning of October.

 

Tran Huy Duong, the farm’s owner, said the exported vegetables are cultivated with the application of hi-tech farming methods, adding that they must meet the food safety standards of both Vietnam and importing countries.

 

The local administration also said that up to 50 tonnes of the vegetable are ordered per week by enterprises from RoK and Japan.

 

Da Lat, blessed by nature with fertile soil and favourable climate conditions, is known for long as the kingdom of vegetables and flowers.

 

It is set to become a flower export hub in Southeast Asia, and aims to raise its annual export value of this product far beyond the current 50 million USD to match its yearly capacity of 3.1 billion cuts./.

 

Source: Vietnam News Agency

 

Vietnam, Palestine strengthen solidarity, friendship

 

Le Hoai Trung, head of the Party Central Committee’s Commission for External Relations, has suggested Vietnam and Palestine take measures to enhance solidarity, friendship and cooperation between their Parties, States and peoples in the time ahead.

 

At a reception for a delegation of the Palestinian National Liberation Movement (Fatah) led by permanent member of its Central Committee’s Secretariat Jibril Rajoub in Hanoi on October 6, Trung stressed that Vietnam always keeps a close watch on the situation in Palestine.

 

The official also affirmed Vietnam’s consistent stance of supporting Palestinians’ struggle for justice, for fundamental national rights as well as the rights to self-determination and establishing an independent Palestinian state.

 

Vietnam backs the acceleration of negotiations and the peaceful settlement of conflicts, he said.

 

For his part, Rajoub extended wishes and regards of Palestinian President and Fatah Chairman Mahmud Abbas to Vietnamese Party and State leaders.

 

The guest spoke highly of the leadership of the Communist Party of Vietnam (CPV), and expressed his admiration of Vietnam’s socio-economic achievements.

 

He thanked the Vietnamese Party, State and people for their support for the struggle by Palestinians, and expressed his wish for stronger solidarity and friendship between the two Parties and peoples.

 

Earlier, the Palestinian delegation held talks with a delegation of the CPV Central Committee’s Commission for External Relations led by deputy head Nguyen Thi Hoang Van.

 

The two sides informed each other of the situation of their Parties and countries, and sought measures to promote the relations between the two Parties and countries as well./.

 

Source: Vietnam News Agency

Airport planning must ensure financial feasibility, efficiency

Careful consideration must be given to the planning and development of airports to ensure feasibility, experts have warned, as localities across the country propose the airports in their provinces.

 

During the past few weeks, three provinces, including Tuyen Quang, Son La and Kon Tum, sent documents to the Ministry of Transport proposing airports in their provinces be added to the national airport planning.

 

Ninh Binh, Ha Tinh, Ninh Thuan, Dak Nong, Ha Giang, Bac Giang and Binh Phuoc provinces also raised similar proposals in the past.

 

While four plans for road, maritime, inland waterway and railway are already approved, planning for the national airport system in the 2021-30 period has not yet been completed.

 

Aviation expert Nguyen Bach Tung said as the planning continues, localities are applying for permission to build airports to promote socio-economic development.

 

According to statistics of the Civil Aviation Authority of Vietnam, there are currently 22 airports for civil use in Vietnam, though only Van Don International Airport was developed with private investment.

 

Under the Ministry of Transport’s draft, nine more airports will be developed by 2050, bringing the total airports for civil use to 31.

 

The six airports to be developed by 2030 are Long Thanh, Phan Thiet, Quang Tri, Sa Pa, Lai Chau and Na San. By 2050, a further three, Cao Bang, Hai Phong and a second airport for Hanoi, will be developed.

 

Tung said that from each locality’s perspective, the airport development proposal is understandable as it would help promote tourism and local economic development. However, when looking at the master planning for the country, the rampant development of airports would cause many problems.

 

“The national airport network needs appropriate planning to avoid airspace conflicts while ensuring investment efficiency,” he said.

 

Tung cited statistics that in pre-pandemic 2019, there are only four airports handling over nine million passengers. They were Tan Son Nhat (41 million), Noi Bai (29 million), Da Nang (15.5 million) and Cam Ranh (9.7 million).

 

The privately-invested Van Don Airport received only 259,000 million passengers.

 

Tung said it would be difficult for a newly-built airport to get a capital return if it receives less than five million passengers per year, adding that the above figures warned provinces and cities wanting to invest in airports following Build Operate Transport practices.

 

According to Nguyen Thien Tong, former head of the Aviation Engineering Department under the Ho Chi Minh City University of Technology, airlines, particularly private ones, should be hesitant to open routes to airports that are not attractive to passengers.

 

He said that it would not be enough if each airport served only two or three flights per day.

 

Localities must give careful consideration to the development of airports. At the same time, the Ministry of Transport must consider the feasibility and efficiency of developing the national airport planning because many small airports have been running at a loss for many years.

 

Nguyen Bach Tung, deputy director of the ministry’s Transport Engineering Construction and Quality Management Bureau, said most domestic airports do not yet operate at their designed capacity, even those newly built with large capacity such as Van Don and Can Tho.

 

One of the most important issues when deciding to build an airport was carefully calculating the investment efficiency, Tung said, adding that the airport development would not be appropriate if the travel distance were too close.

 

Tran Quang Chau, president of the Vietnam Association of Aviation Science and Technology, said that the planning must be based on several factors such as travel distance between airports, travel demand and the development of flight routes for each airport, as well as economic efficiency factors.

 

An expert even warned that proposals of adding airports to the planning by some localities were quite infeasible but had significant impacts on the real estate market, which inflated land prices. Airport planning should be completed and issued early to prevent land speculation.

 

According to the Ministry of Transport, 28 airports by 2030 would help increase the total airport capacity to about 283 million passengers per year and ensure that over 95% of the population have access to one airport within a 100km vicinity. This density is appropriate compared to other countries such as Thailand and Malaysia.

 

A representative from the Civil Aviation Authority of Vietnam, the airport development should be focused and investing in developing large-scale ports to create breakthroughs. The viewpoint was to develop synchronously, he said, adding that airports were a necessary but not a sufficient condition for the development of a province.

 

Airport development should also align with the country’s long-term development goals, such as investment attraction and tourism promotion, to create ground for the economy to take off.

 

Transport Engineering Design Inc (TEDI) states that new airport development must be based on six main criteria: travel demand, socio-economic factors, national security, emergency relief, natural conditions, and distance arrangement./.

 

Source: Vietnam News Agency

Petrovietnam’s fertiliser corporation sees impressive profit

The Petrovietnam Fertiliser and Chemicals Corporation (PVFCCo) enjoyed a revenue of nearly 15 trillion VND (627.7 million USD) and a pre-tax profit of 5.3 trillion VND in the first nine months of this year, two-fold and three-fold increases respectively over those of the same period las year.

 

According to the PVFCCo, by the end of the third quarter, the corporation’s Phu My Fertiliser Plant produced nearly 900,000 tonnes of fertilisers and chemicals of all kinds.

 

In the period, the corporation exported around 155,000 tonnes of fertilisers, three times the yearly target.

 

To achieve all goals set for 2022, the PVFCCo will maintain the safe, stable and effective implementation of production and business tasks.

 

It will seek measures to solve difficulties in production and trading of NPK products, and look for a stable gas supply./.

 

Source: Vietnam News Agency