Halotel joint venture

Hanoi (VNA) - The Viettel Posts Joint Stock Corporation (Viettel Post) has opened an automatic logistics centre at District No.12, Ho Chi Minh City. The event marked a new development of Viettel Post in shifting from a post and delivery corporation to a logistics one, in an effort to become a leading technology-based logistics enterprise in Vietnam by 2025, the Quan doi Nhan dan (People’s Army) newspaper reported. Addressing the event, Director of Viettel Post Tran Trung Hung informed that in Vietnam, foreign logistics enterprises are currently controlling 80 percent of the market share. He suggested that domestic logistics companies should invest more in modern technology so as to enhance its competitiveness at home and in the international arena. He stressed, the establishment of the most modern logistics centre of Viettel Post in the South of the country aims not only to expand Viettel Post’s business in the South but also to contribute to building national logistics … [Read more...] about Viettel Post opens automatic logistics centre in HCM City

Phu Nhuan Jewelry Joint Stock Company maintained its growth momentum last year amid a strong decline of the domestic jewelry market in general, with its revenue reaching VND17.511 trillion (US$759.4 million), a year-on-year increase of 3 per cent, and surpassing 21 per cent of the target set for last year. … [Read more...] about PNJ profit surpasses 21 per cent target

Hanoi (VNA) – The US’s experience in environmental management and air quality control in Vietnam were touched upon at a seminar in Hanoi on January 25. The event, themed “Solving the air quality crisis: from the US to Vietnam,” was jointly held by the US Agency for International Development (USAID), the environmental protection agency under the Hanoi Department of Natural Resources and Environment, and Live & Learn Centre. Dr. Le Bich Thuy from the Hanoi University of Science and Technology pointed out the harmful impact of air pollution on human health and life, and called for joint efforts to find suitable measures to tackle the problem. Le Thanh Thuy, from the environmental protection agency, said given environmental challenges, Hanoi has increased investments in waste control and treatment. Eric Wolvovsky, an expert from the US Bureau of Ocean Energy Management, introduced the US’s adequate and strict policies and laws on environmental … [Read more...] about US shares experience in environmental management

According to Mr. Nguyen Quoc Toan, Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development (MARD), every year, the EU imports agricultural products with a total value of about US$160 billion. Vietnam has many dominant commodities, but some products have not made the most of the advantages from the EVFTA to export to the EU. For instance, Vietnam is the world’s largest cashew nut exporter, but it has not yet benefited from exporting processed cashew to the EU market. Despite the advantage of a quota of 20,000 tons, the cane sugar industry has not had any optimistic signals yet. Honey exports to the US are the highest, followed by China and Japan, but honey exports to the EU remain modest. With the addition of the EU market, it will diversify markets and prevent breakages of the supply chain. Moreover, exporters will not be on the back foot, looking for new markets. Under the EVFTA, deeply-processed products from … [Read more...] about Enterprises yet to make use of EVFTA when exporting agricultural products to EU

FLC Faros Construction Joint Stock Company (ROS) still posted good performance with an increase of 6.78 per cent to VNĐ4,570. Other stocks had a positive effect on the VN-Index such as Masan Group Corporation (MSN), Mobile World Investment Corporation (MWG), Hòa Phát Group Joint Stock Company (HPG), Vincom Retail Joint Stock Company (VRE) and Kinh Bac City Development Share Holding Corporation (KBC). … [Read more...] about Market finishes lower as investors abandon bank stocks