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COVID-19 Updates (Dec. 12): Vietnam’s trade surplus hits record despite COVID-19

Valerie Mai Valerie Mai

mnghonganh@gmail.com

December 12, 2020 | 13:07

In the first 11 months of 2020, Vietnam posted a record trade surplus of 20.1 billion USD despite the impacts of COVID-19 pandemic.

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Six imported COVID-19 cases detected (Photo: VNA)

Six imported COVID-19 cases detected

Six new cases of COVID-19 were recorded in the past 24 hours, all returning from abroad, the National Steering Committee for COVID-19 Prevention and Control announced. Of the new patients, three are Vietnamese and the rest are a Belarusian expert and his relatives. They are now under quarantine in Khanh Hoa province and Da Nang city in the central region, and Hanoi.

With the new cases, the national count of COVID-19 cases now stands at 1,391, of which 693 are locally transmitted. Among the COVID-19 cases in Vietnam, 1,237 have recovered while the fatalities remain at 35. As for those still under treatment, 10 have tested negative for SARS-CoV-2 once, nine twice and four thrice.

A total of 20,832 people who had close contact with COVID-19 patients or arrived from pandemic-hit areas are being quarantined nationwide, with 200 at hospitals, 16,743 at concentrated facilities, and 3,889 either at home or accommodations.

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Vietnam’s trade surplus hits record despite COVID-19. (Photo: Vietnam News)

Vietnam’s trade surplus hits record despite COVID-19

Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office.

The office said the country’s total trade value in the first 11 months was estimated at nearly 490 billion USD, a year-on-year rise of 3.5 percent. Export value reached some 255 billion USD, up 5.3 percent and import value stood at over 234 billion USD, up 1.5 percent.

In November alone, export turnover was 24.8 billion USD, down 9 percent from the previous month, but up 8.8 percent compared with the same month last year. Thirty-one groups of commodities joined the billion-dollar export product club, including 10 groups posting more than 10 billion USD. The US remained the largest export market of Vietnamese goods in the 11 months, followed by China, the EU, ASEAN, the Republic of Korea, and Japan.

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ADB provides 600,000 grant to support Vietnam’s COVID-19 response. (Photo: Vietnamnet)

ADB provides 600,000 grant to support Vietnam’s COVID-19 response

The Asian Development Bank (ADB) has provided a 600,000 USD grant in-kind to assist the Vietnamese government in the fight against the coronavirus disease (COVID-19) pandemic. The ADB commends the Vietnamese government for their quick and effective emergency response to the COVID-19 pandemic, said ADB Country Director for Vietnam Andrew Jeffries.

“Under the strong leadership of the Government and with public self-consciousness, Vietnam is among few countries that have successfully contained the impact from the COVID-19 pandemic,” he said in the bank’s news release on December 11.

The grant is funded by two ADB Technical Assistance Special Funds. The first provided personal protective equipment valued at 500,000 USD to the National Lung Hospital under the Ministry of Health. The second helped upgrade equipment valued at 100,000 USD for the Public Health Emergency Operation Centre (PHEOC) under the Ministry of Health’s General Department of Preventive Medicine.

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Valerie Mai