Photo: Vietnam Airlines On future Vietnam Airlines’ flights, business class passengers will be able to enjoy the specialty on domestic routes between Hanoi and Ho Chi Minh City as well as on international routes departing from both Hanoi and Ho Chi Minh City. The move aims to expand co-operation between the airline and local businesses to popularise Vietnamese agricultural products around the world. The lychees are to be selected after undergoing a strict monitoring and quarantine process. The fruits are to be cultivated in Luc Ngan in Bac Giang province which meets standards according to Vietnamese Good Agricultural Practices (VietGAP). Currently Luc Ngan lychees are being exported to the United States, the Republic of Korea, Japan, and Singapore. In order to ensure the quality of the fruits served on flights, the national air carrier has tightened regulations regarding the selection and collection of fruits. Luc Ngan lychees must be picked early in the morning and … [Read more...] about Luc Ngan lychees to be served on Vietnam Airlines’ flights
The Hanoitimes - Power shortage threatens South of Vietnam due to the delay of power projects. Vietnam seeks solutions for power shortage by 2020 Vietnam may face power shortage in 2019 due to thin coal supply: EVN Vietnam suffers power shortage risk amidst uncompetitive prices Power shortage may cast its shadow over Vietnam in 2020 and afterwards, mostly in the southern region due to the sluggishness of many energy projects, local media reported, citing the Ministry of Industry and Trade. Illustrative photo The country may face the power shortage in 2020 if diesel-fired generators fails to meet the required capacity or lack of fuel (coal and gas) for the power generation, according to the ministry. It said that the diesel-fueled power mobilized for 2019 would be 1.7 billion kWh and might reach 5.2 billion kWh by 2020. More seriously, the power shortage might happen in the southern region in 2021-2025 due to rising consumption volume. The … [Read more...] about Power shortage may loom Vietnam in 2020 and coming years
In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock Company. — Photo tinnhanhchungkhoan Compiled by Thiên Lý The Vietnamese stock market now has many South Korean-owned securities companies following a series of acquisitions in recent years. In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock Company. Maritime Securities Company was renamed KB Securities Vietnam Company after KB Securities Co. Ltd spent US$33 million to purchase a 99.4 per cent stake of MSI. Nam An Securities Company was renamed Shinhan Securities Vietnam Company after it was taken over by a South Korean … [Read more...] about Vietnamese securities catch the eye of South Korean investors
A press briefing to introduce the second Vietbuild exhibition in HCM City this year, which will be held at the Saigon Exhibition and Convention Centre from June 19 to 23. — VNS Photo Xuân Hương HCM CITY — The Vietbuild International Exhibition with the theme construction, building materials, real estate, and interior and exterior decoration will be held in HCM City from June 19 to 23. The second Vietbuild expo to be held this year in the city -- five on various themes will be held this year -- will have 2,350 booths set up by nearly 800 companies from 27 countries and territories, including the US, UK, France, Germany, Italy, Spain, Australia, Japan, South Korea, Singapore, Thailand, China and Việt Nam. On display will be building materials, electrical equipment, interior and exterior decorative items, hygiene equipment, smart home systems, door and door accessories, paints, and others. Business-matching events and seminars will be … [Read more...] about Year’s 2nd Vietbuild to be held in HCM City this week
Workers at China's AKA Homewares Company in the southern Long An Province. VNA/VNS Photo Danh Lam HÀ NỘI – Chinese companies are accelerating investment in Việt Nam – but some local businesses are voicing concerns. Foreign investment hit a four-year high of US$16.7 billion in the first five months of this year, up 69 per cent compared to the same period in 2018. Chinese investment made up 42.5 per cent of the total according to data released by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. If including Taiwan’s investment, Chinese investors poured nearly $7.7 billion in Việt Nam, surpassing South Korea, Singapore and Japan to become the biggest foreign investor. In its recent report, the FIA says the trade tensions between China and the United States has a significant impact on the shift of Chinese investment. Investments from mainland China and Hong Kong increased … [Read more...] about Growing Chinese investment in Việt Nam: time to worry?