return icon

Coronavirus costs Vietnam VND150 billion in lost revenue per day

The fast spreading novel coronavirus has sent State budget revenues from exports and imports plummeting, with tariff collections averaging a mere VND1.3 trillion per day over the past two months, down by VND150 billion year-on-year.


A container vessel is seen at the Cai Mep-Thi Vai international port. The novel coronavirus has sent State budget revenues from exports and imports plummeting

The department said on February 28 that tax revenues from export-import activities amounted to an estimated VND23.7 trillion in February, VND2.3 trillion lower than in January.

Most major import and export items, which significantly contribute to the State budget revenue and include oil, fuels, smartphones, phone parts and steel, dropped sharply, compared with the year-ago figure.

State budget revenues from import-export activities totaled an estimated VND49.7 trillion over the first two months of the year, down 8% year-on-year, Tuoi Tre newspaper reported.

Statistics from the General Department of Vietnam Customs indicated that the value and volume of many major imports plunged in February.

The country purchased some 650,000 tons of fuels in February, dropping by 20% in volume and 22.8% in value year-on-year.

Vietnam’s import value of machinery, equipment and accessories reached US$2.5 billion in February, down 3.7% year-on-year.

The country imported 900,000 tons of steel of all types in February worth US$540 million, down 8.5% in volume and 18.5% in value against the year-ago period.

Additionally, February saw the country import a mere 6,000 completely built cars, plummeting by 60% in volume year-on-year. SGT

Vietnamese carriers suffer from coronavirus outbreak

Vietnamese carriers suffer from coronavirus outbreak

Vietnamese carriers saw significant drops in the number of passengers in February due to the outbreak of the novel coronavirus (COVID-19).

COVID-19 outbreak to accelerate relocation wave from China to Vietnam

COVID-19 outbreak to accelerate relocation wave from China to Vietnam

While COVID-19 will have a negative impact on Vietnam's economic growth in 2020, it will boost the relocation of manufacturing facilities from China to Vietnam.


Japanese travelers love to visit Da Nang, experience Vietnamese culture

Yoshinori Yakabe, Japanese Consulate General in Da Nang, said Japanese travelers love to experience ecological tours and learn about culture when they come to Vietnam.

After 7 years of study, young doctors earn less than VND5 million a month

Citing low income as one of the reasons behind the brain drain from the public to the private sector, the Ministry of Health (MOH) believes this is causing problems in the health sector.


Foreign investment from ASEAN important to Vietnam: HSBC

Defence Minister meets with RoK Prime Minister in Seoul

Prime Minister of the Republic of Korea (RoK) Han Duck-soo hosted a reception in Seoul on March 29 for Vietnamese Minister of National Defence Gen. Phan Van Giang.

Ninth National External Information Service Awards launched

The ninth National External Information Service Awards was launched in Hanoi on March 29.

Vietnam draws over 2.69 million foreign tourists in Q1

Vietnam welcomed more than 2.69 million foreign tourist arrivals in the first quarter of 2023, 29.7 times higher than that of the same period last year, the General Statistics Office (GSO) has reported.

Doha Cup 2023: Vietnam's U23 football team return home with "empty hand"

Vietnam’s U23 team left Doha Cup 2023 with an "empty hand" after a close loss to their Kyrgyz rivals on March 29 (Vietnam time).


Government issues details on aid for ethnic minority housing, land reclamation

GDP growth of 3.32% in Q1 nears lowest level in 13 years

Vietnam’s gross domestic product (GDP) grew by 3.32% in the first quarter of the year, higher only than the growth rate of 3.21% recorded in the first quarter of 2020 in the 2011 to 2023 period, according to the General Statistics Office.

Four Japanese banks to provide US$300 million for Vietnamese renewable energy

Four Japanese banks are set to co-finance a total of US$300 million to provide credit lines to power producers using renewable energy in the nation as part of efforts to help the growing country in its decarbonising process.

15 short stories by Vietnamese writer published in RoK

A collection of 15 short stories written by local author Nguyen Huy Thiep were introduced to Korean readers by Wisdom Publishing House in March.

Hanoi’s ancient pagoda in the red-silk cotton tree season

In March, red-silk cotton trees bloom, showing off their beauty at the thousand-year-old Thay Pagoda in Quoc Oai district in Hanoi.

VN Government calls for broad-based measures to help realty sector

The Vietnamese Government has recently urged ministries to take measures to help the realty sector get back on track and sustain its healthy growth.

EC drops health certificates requirement for Vietnamese noodles

The European Commission (EC) has recommended removing Vietnamese rice noodle and vermicelli brands from conditions that require health certificates and 20 per cent random testing at the port of entry.

Ministry of Industry and Trade proposes draft on cross-border trade

The Ministry of Industry and Trade (MOIT) is seeking public comments on a legal draft amending Decree No14 on cross-border commercial activities.