More exports in April Exports almost up again Pre-crisis level

Status: 09.06.2021 11:00 a.m.

Thanks to strong demand from Europe and the USA, German companies exported more for the twelfth month in a row in April. Above all, cars “made in Germany” were in demand. The German export economy continues to grow – albeit not quite as strongly as it was recently. In April it achieved an increase of 0.3 percent compared to March. In total, the companies exported goods worth almost 112 billion euros. This was announced by the Federal Statistical Office. It was the twelfth consecutive month of growth in German exports.

48 percent more exported than in April 2020

Compared to the same month last year, the increase was almost 48 percent. However, this plus must be seen against the background that in April 2020 the German economy was fully in corona lockdown. The strongest growth in exports to Great Britain was in April of the current year. 64 percent more goods were sold there – compared to the same month last year. Exports to the EU countries rose by almost 59 percent and to the USA by around 60 percent. 16 percent more goods were exported to China.

German cars pull the most

German cars were the best exports. Car exports rose by 280 percent. However, this was related to the fact that car production had been shut down sharply due to Corona in April 2020. Exports of German electronic goods rose by 36 percent. In the meantime, exports are only 0.5 percent below the level of February 2020. That was the last month before the effects of the Corona crisis became noticeable in Germany and before the restrictions on the economy began.

Delivery bottlenecks and shortages of raw materials easily dealt with

Economists are impressed by Germany’s export strength. Although material shortages and the lack of intermediate products weigh on industrial production, “but at least the industry succeeds in exporting goods,” said VP Bank’s chief economist, Thomas Gitzel. In April, the German industry had produced less than in the previous month due to delivery bottlenecks and scarce raw materials. In May there could be a setback for the German export economy. The export expectations of the industry surveyed by the Ifo Institute fell from 23.9 points in April to 23.0 points.

Optimism for the rest of the year

Despite small skid marks, German exporters are confident for 2021. The German Chamber of Commerce and Industry (DIHK) recently raised its export forecast to plus eight percent. Previously, growth of only six percent was expected.

Mr. Tran Van Hai from Lang Son said that for the past few years, his family has specialized in purchasing, preliminarily processing and refining all kinds of cake wrapping leaves. In the past, people only took bamboo to make their house, cook, make firewood, make cakes and leave the leaves behind. But in the past few years, fresh bamboo leaves have been picked up by many people, bought and sold to traders who export to Taiwan for 10,000 VND/kg fresh bamboo leaves and 40,000 VND/kg dried bamboo leaves. Eight degree bamboo leaves are purchased and exported to Taiwan Đài “Myself and my family never thought that bamboo leaves could be sold abroad. It was not until a contact to buy bamboo leaves for traditional cake packages in Taiwan made me know that bamboo leaves could be sold and exported to foreign countries. From there, my family went to get bamboo leaves to sell. When the collection is not enough, hire more workers and advertise online to buy bamboo leaves in other localities in any quantity, “said Mr. Hai. According to Mr. Hai, with fresh bamboo leaves, he buys them for 7,000-10,000 VND/kg. As for dried bamboo leaves, he buys them for 35,000-40,000 VND/kg. All must be octagonal bamboo leaves (also known as Buong). The weights of bamboo leaves are purchased to ensure the quality criteria, the leaves must be large, not torn, still green and absolutely not yellow. Each leaf is about 38-40cm long, 8cm wide or more. “Bamboo is very different from ordinary bamboo leaves. They are much larger in size. When bought, fresh bamboo leaves will be exposed to the sun for about 2 days. The leaves are then counted and clamped onto a bamboo stick. At this time, dry clean, bring bamboo leaves into the oven to dry and then sort and pack,” Hai said. The bamboo leaves that are completely cleaned by natural and chemical-free methods will be exported to Taiwan to be used as packaging materials for cakes, food packages, etc., and are loved by the people of this country due to its taste delicious and long lasting. “The type of cake that the Taiwanese side often wraps with bamboo leaves is like Vietnamese chung cake. However, because it is wrapped with bamboo leaves, the cake has a characteristic aroma. In addition, the type of cake wrapped from this leaf is very easy to peel, keeps for a long time and does not go stale as quickly as seaweed and banana leaves. From the end of April to October of the solar calendar every year is the autumn to buy eight degrees of bamboo leaves. Therefore, many personal facebook groups go to groups to sell and buy fresh and dried bamboo leaves in unlimited quantities. There, the atmosphere was jubilant because many bamboo growers in different places asked about the purchase price as well as the instructions for collecting and transporting fresh and dried bamboo leaves. For long-term business cooperation, all establishments that register to sell fresh and dried bamboo leaves Mr. Hai come to the place to collect and check. “I have to go down to the place to instruct the individual establishments that collect bamboo leaves to ensure that the leaves are not torn, beautiful green color and especially large. Come to the place to see the specific item once. Next time, they just do that, then I decide to buy, avoid wasting both parties’ time, “he said. Currently in Yen Bai, Bac Giang, Thanh Hoa, Soc Son – Hanoi… there are a lot of people growing bamboo and poplar trees. They only use the tree and leave the leaves empty. Therefore, he went to teach how to collect leaves and now they become agents, helping his establishment to buy fresh and dried bamboo leaves up to a few kilos/day in the locality.

The pressure components for WtE incineration technology boiler are being loaded onto ships at Doosan Vina’s dedicated port in Dung Quat EZ for export to Japan. Before manufacturing WTE waste incineration boiler for this project, Doosan Vina had to conduct 5 tests for Japanese customers to evaluate. That shows the extremely strict quality requirements of the Japanese market. The Fushimi Kankyo Hozen project was signed by Doosan Vina with customers Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd, Japan on April 4, 2019, involving the supply of 228 tons of boiler pressure component equipment. and Nickel alloy coating welding is used in the waste thermal power plant in Fushimi, Kyoto, Japan. In this first shipment, Doosan Vina shipped a total of 58 packages weighing 189 tons including Coil, Panel, Header and Link. After the installation is completed, these devices will take on the task of burning garbage and converting thermal energy into electricity.

The new initiative aims to attract tourists to revitalize the Maldives economy, which largely depends on tourism. (Source: MTN) Maldives is an archipelagic country in South Asia, famous for its tropical climate and pristine waters, and depends heavily on tourism. About 67% of the country’s gross domestic product (GDP) is sourced directly and indirectly from the tourism industry. Currently, visitors to the Maldives must provide a negative PCR test for Covid-19 and proof of hotel reservation in order to be admitted. Maldives Tourism Minister Abdulla Mausoom recently said that the Maldives Health Protection Agency is about to announce the lifting of the entry restrictions for tourists who have completed the vaccination. In addition, the country is preparing to implement the 3V strategy – “Visit, Vaccinate, Vacation” to attract and facilitate international tourists. However, the Maldives has not decided on the time of implementing this program. The government will give priority to the people first and foremost, ensuring that all are vaccinated with 2 doses of Covid-19 vaccine. When that process is completed, the country will be ready to vaccinate foreign visitors to visit and travel. To date, 53% of the island nation’s approximately 530,000 residents have received the first shot of the Covid-19 vaccine, which includes 90% of frontline travel workers. It is not clear if tourists will have to pay for the vaccine, but the leader said vaccine supplies should not be an issue for the Maldives. The island nation receives vaccine funding from India, China and the World Health Organization (WHO) COVAX program; In addition, they also ordered more vaccines from Singapore. This year, the Maldives has welcomed 350,000 visitors, mainly visitors from neighboring country India. In addition, a large number of visitors come here under the “workation” model, with longer stays to work remotely. Minister Mausoom said these long-stay guests will also receive two doses of the vaccine. The target for the whole year 2021 of the Maldives is to welcome 1.5 million visitors and 10 million hotel nights. (according to VOV / CNBC)

Liquid crystal display (LCM) production area at Samsung Electronics Ho Chi Minh Complex in Ho Chi Minh City Hi-Tech Park. Reported at the online conference on the socio-economic situation in April and the first 4 months of the year by the People’s Committee of Ho Chi Minh City on the afternoon of May 11, the representative of the Department of Industry and Trade of Ho Chi Minh City said, the total retail sales and Consumer service revenue in the month was estimated at VND 90,153 billion, up 22.3% over the same period (down 34.2% in the same period). Generally for the first 4 months of the year, the total retail sales of goods and service revenue were estimated at 366,234 billion dong. 7.9% increase (11.2% decrease in the same period). In particular, the export value of high-tech products of the City High-Tech Park (SHTP) reached US $ 6.47 billion, up 27.1% over the same period. Moreover, the index of industrial production (IIP) of the city in the first four months of the year was estimated to increase by 9.7% over the same period (down 2.6% in the same period). There were 5,588 enterprises operating again, an increase of 95.18% over the same period. According to forecasts of many experts, during the 4G and 5G technology transfer period, the 4th industrial revolution and the need for digital transformation is happening around the world, the demand for chip production in the coming time will higher. Not only chips and microchips, but also the demand for electronic equipment components tends to increase compared to previous years. In addition, many enterprises producing electronic equipment and technology in Vietnam admitted that they were affected by the global chip crisis. More than ever, chips, electronic components, microchips have appeared in most electronic devices such as new citizenship cards, non-stop automatic fee collection, bank ATM cards to other Popular household electronic devices such as televisions, refrigerators, electric cookers, electronic rice cookers … In the current context, Vietnam does not have a chip manufacturing factory, but just design and manufacture overseas. Therefore, domestic electronics and technology producers will certainly be affected by the global chip crisis.