The first containers are shipped from France to Viet Nam via the new waterway route linking an inland port in the French department of Yonne with Cai Mep seaport in HCM City. — VNA/VNS Photo Nearly 600 tonnes of malt from France’s central Bourgogne-Franche-Comte region will be shipped weekly to Viet Nam via a new waterway route linking an inland port in the French department of Yonne with Cai Mep seaport in HCM City. The route will create favourable conditions for trade ties between Bourgogne-Franche-Comte region and Viet Nam, which is expected to thrive thanks to the European Union-Viet Nam Free Trade Agreement (EVFTA) signed on June 30. From September, malt planted in Yonne will be transported to Viet Nam to produce beer. The two sides recently inked a contract on shipping the first batch of 5,000 tonnes of malt to Viet Nam. Vietnamese Ambassador to France Nguyen Thiep stressed that the shipping route allows businesses to transport goods at a high speed to the two … [Read more...] about France-Viet Nam waterway shipping route inaugurated
5 diem du lich dep nhat viet nam
Singapore fund remains bullish on Viet Nam
Singapores signature skylinebuilding. Leading Singaporean developers have invested heavily in Viet Nam VAHOCA is a Singapore-based asset manager with a value focus and a long term investment strategy. Its Asia fund, focused on the Asian consumer story, has had itsmost profitable investments in Viet Nam in the last seven years. In addition, some of the biggest investment companies from Singapore have been leading the way with strategic investments in Vietnam for more than two decades. The chief representative of VAHOCA said: “VAHOCA is very constructive on the macro-environment that Viet Nam offers today with its 6.5-7 per cent GDP growth. “Viet Nam seems to be on a secular growth trend. On top of that, it is on a path towards EM MSCI inclusion and is undertaking interesting steps to make the stock exchange a central piece of its structural growth. “The benefits of such a strategy have been seen in other countries and Vietnam seems particularly well-positioned to … [Read more...] about Singapore fund remains bullish on Viet Nam
Viet Nam records its first major trade deficit of 2019
Customs officers check imported goods in the southern province of Long An. Viet Nams import-export turnover reached more than $202 billion in the first five months of 2019, a year-on-year rise of 7 per cent. — VNA/VNS Photo Hoang Hung Viet Nam recorded a trade deficit of US$1.3 billion in May, resulting in a total deficit of $548 million for the first five months of the year, according to General Statistics Office (GSO)s monthly report. The domestic sector reported a trade deficit of $13.3 billion in the period, while foreign-invested firms posted a trade balance of $12.7 billion. GSO statisticians blamed the return to a trade deficit on slowing growth of exports in May. In the first four months of the year, the country posted a surplus of $771 million. They said the countrys import-export turnover reached more than $202 billion in the five-month period, a year-on-year rise of 7 per cent. However, this growth rate was much lower than 19 per cent and 17.5 per cent seen in … [Read more...] about Viet Nam records its first major trade deficit of 2019
Samsung hands over 300 thermal imaging cameras to Viet Nam Fire and Rescue Police Department
The hand-over ceremony in which Samsung Viet Nam gave 300 IGNIS thermal imaging cameras to Viet Nam Fire and Rescue Police Department. — VNS Photo Samsung Viet Nam handed over 300 advanced thermal imaging cameras with a total value of VND4.5 billion (US$193,200) to Viet Nam Fire and Rescue Police Department on Friday in Ha Noi to help increase efficiency and safety in fire prevention and rescue activities. Samsung’s IGNIS cameras are able to detect ignition points, locate victims, identify terrain and determine paths for fire-fighters to avoid. The cameras will help rescue victims and ensure the safety of fire-fighters. Until now, Vietnam Fire and Rescue Police has only had 40 thermal imaging cameras. Nguyen Van Son, Deputy Minister of Public Security, said: “It is essential to improve the equipment for the Viet Nam Fire and Rescue Police Department. We strongly believe that the 300 IGNIS thermal imaging cameras from Samsung Viet Nam will help the Fire and Rescue … [Read more...] about Samsung hands over 300 thermal imaging cameras to Viet Nam Fire and Rescue Police Department
Viet Nam, China trade ties continue to develop
Officers of Coc Nam Customs Department in Lang Son Province, which shares a border with China, perform a check on imported products. — VNA/VNS Photo Hoang Hung Economic and trade relations between Viet Nam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Viet Nam is fast becoming an attractive investment destination for Chinese enterprises. According to the Foreign Investment Agency under the Ministry of Planning and Investment, China invested about US$1.6 billion in Viet Nam in the first fourth months of this year, making it the country’s fourth largest source of foreign investment. Several large projects were funded by Chinese investors in the period including a tire manufacturing project with total registered capital of $280 million in the southern province of Tay Ninh and another tire project of Advance Tire (Vietnam) Co. Ltd with registered capital of $214.4 million in … [Read more...] about Viet Nam, China trade ties continue to develop