Growing economies

The agreements were signed in Paris on March 26 by Trinh Van Quyet, Chairman of FLC Group and Eric Schulz, Chief Commercial Officer, Airbus during the official visit to France of Nguyễn Phú Trọng, General Secretary of the Central Committee of the Communist Party of Vietnam. Bamboo Airways is set to begin operations in 2019 with aircraft on lease from third party lessors before taking delivery of the aircraft covered by today’s MOU with Airbus. The carrier will focus on linking international markets to Vietnamese leisure destinations, as well as on selected domestic routes. "After evaluating carefully the competing products, FLC Group and Bamboo Airways have selected the A321neo as the most efficient option for our new operation,” said Trinh Van Quyet. “The A321neo will enable us to combine comfort, efficiency and the right capacity for our planned services, which will primarily serve fast growing leisure markets in Vietnam.”  … [Read more...] about FLC Group selects A321neo for Bamboo Airways

    Agricultural expert Hồ Quang Cua and the award in Manila.  This is the first time Vietnamese rice has been named the best rice in the world. VNA/VNS Photo MANILA – Việt Nam’s organic rice from Sóc Trăng ST24 was crowned the best in the world at The Rice Trader (TRT) World Rice Conference 2019 in Manila, the Philippines, on Tuesday. This is the first time Vietnamese rice has been awarded this title. The TRT World Rice Conference is the largest annual gathering of commercial and professional rice industry participants in the world. The ST24 rice variety was developed by a group of Sóc Trăng-based agricultural engineers led by Hồ Quang Cua, who was former deputy director of Sóc Trăng Province’s Agriculture and Rural Development Department. This is a high-yield rice variety that can provide 2-3 crops per year. It is long-grain white rice with an aroma of pineapple. Early this month, it … [Read more...] about Việt Nam’s rice crowned the best at 2019 World Rice Conference

The Hải Phòng Port in the northern port city of Hải Phòng. — Photo congthuong.vn HÀ NỘI — In the first half of July, Việt Nam's export revenue exceeded US$10.5 billion and its import value topped $11.18 billion, resulting in a trade deficit of nearly $700 million. However, the country posted a trade surplus of more than $900 million from the beginning of this year to July 15 thanks to a significant trade surplus of $1.93 billion in June, a report from the General Department of Customs revealed. Mobile phones and phone components were the largest export earner in the first half of July at $1.72 billion. Textile and garment came second with $1.55 billion, followed by computers, electronics and parts with $1.42 billion. The country’s total export earnings saw a year-on-year increase of 8 per cent to $133 billion by mid-June. The Ministry of Industry and Trade (MoIT) forecasts exports of many products such … [Read more...] about Việt Nam records $700m trade deficit in first half of July

Prime Minister Nguyen Xuan Phuc addresses the ceremony in Hanoi on January 4 (Photo: VNA) Hanoi (VNA) – A ceremony to celebrate the 40th anniversary of the victory of the southwest border defence war and the joint victory on January 7 of Vietnam and Cambodia over the genocidal regime was held in Hanoi on January 4 with the participation of high-ranking leaders of the two countries. The event was organised by the Party Central Committee, the National Assembly, the State, and the Government in conjunction with the Vietnam Fatherland Front (VFF) Central Committee. Speaking at the ceremony, Prime Minister Nguyen Xuan Phuc affirmed that the historic victory on January 7, 1979 was a joint victory of the peoples of both countries, as well as of the progressive people across the world. For Vietnam, the victory of the southwest border defence war once again affirmed the will and strength of the Vietnamese people, while demonstrating the noble international spirit, the … [Read more...] about Vietnam marks victory of southwest border defence war

Vietnam is expected to have a 5.1 percent increase in salary in 2020 (Photo: VNA) Bangkok (VNA) - Vietnam leads Southeast Asia in terms of salary growth with a 5.1 percent increase expected in 2020, according to a report by ECA International. Meanwhile, Thailand is among the top five economies in the world to see real salary increases as productivity grows. The country is likely to see a real salary increase of 4.1 percent in 2020, up from 3.9 percent in 2019. The average real salary increase in Singapore is forecast at 3 percent in 2020, down from 3.3 percent in 2019, which is above average in Asia-Pacific and more than double Hong Kong's rise of 1.4 percent. India will again see the highest real salary increase in Asia, predicted to be 5.4 percent. The average increase in real terms in Asia-Pacific is forecast at 3.2 percent. India took the top spot, followed by Vietnam, Indonesia, Cambodia, then Thailand. Workers in Vietnam and Thailand will both see further increases to their … [Read more...] about Vietnam leads Southeast Asia in salary growth