"If we do not operate regularly, we will lose our slots at bus stations, but the more we operate, the more we lose because of surging costs," Do Van Bang, CEO of Sao Viet’s parent company, Minh Thanh Phat, said. Sao Viet has reducing the number of trips to cut costs. Bang said the only way to break even is to increase fares by 15-20 percent, but with competition being intense, the time is not right for it. But the company would not be able to absorb the losses for long, he added. The company is one of many to lose due to the 39 percent rise in fuel prices since the beginning of this year. Nguyen Manh Hung, CEO of transport firm International Logistics, said fuel accounts for 40 percent of costs, and so the increases in their prices has affected the company. It is not easy to negotiate price hikes with customers, he said. "We are trying to cut all other expenses to survive the fuel price surge." Half of all fishing vessels in Vietnam have stopped going out to sea … [Read more...] about Industries hit hard by rising fuel prices
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The compact format of AEON The Nine has an area of 1,000-5,000 square metres. These shops are in urban and residential areas, aiming to bring A eon's quality closer to customers AEON The Nine is the first store to be launched as a compact store by Aeon. The first store is located in an area of 1,200sq.m, with a food court and a supermarket. To meet the customers' needs for convenience in daily meals, the Delica food court offers a variety of ready-to-eat products, which are typical of AEON such as bread and cakes, coffee, sushi, and Japanese bento. With a spacious seating area, many young customers can also choose AEON The Nine as a place to work and study every day or meet friends on the weekend. The supermarket area in AEON The Nine has a full range of products from fresh flowers to fresh, dry, and frozen food. There are also healthcare and beauty products, as well as many other household products. There is also an area dedicated for mothers and babies with a … [Read more...] about AEON Vietnam launches new retail format in Hanoi
A report by Hanoi People's Committee on June 20 revealed 532 medical personnel had quit last year, while 82 decided to switch workplaces. In the first four months of this year, 226 have quit and 17 switched workplaces, the report added. Hanoi said the medical field has focused all its resources on fighting the pandemic since 2020. Due to the low number of workers, the sheer amount of workload and lower incomes and benefits in public facilities, many are opting to quit or seek better opportunities. Hoa, the former head of a ward medical station in Dong Da District, said her workload was too much while her salary wasn't enough to make a living. She quit at the end of March. During the height of the pandemic, Hoa and her colleagues did contact tracing and vaccination day in and day out. Pressure was building up, yet they only got a "bonus" of VND500,000 ($21.50). Her colleagues, a married couple, only got VND8 million a month in total. Amid a worker exodus in the medical field and … [Read more...] about Hanoi health workers quit in droves over heavy workload, low pay
As much as 755.75 million USD in FDI was poured into Hai Phong city in the first half of this year. (Photo: VNA) Hanoi (VNA) – The northern city of Hai Phong has attracted 755.75 million USD in foreign direct investment (FDI) to local industrial parks (IPs) and economic zones (EZs) in the first half of 2022, raising total FDI there to 22.07 billion USD. According to the Hai Phong EZ Authority, the amount was channelled into 21 new FDI projects and 18 existing ones. It is equivalent to 56.2% of the FDI registered in the same period last year. At present, IPs and EZs in the city are home to 438 FDI projects worth 22.07 billion USD in total and 195 domestic investment projects worth 12.57 billion USD. Head of the authority Le Trung Kien said from now to 2025, the 15 IPs in the city will be expanded to 6,418ha from the current 6,074ha. The latest of them is Tien Thanh IP, for which an infrastructure construction and business project recently received an … [Read more...] about Hai Phong attracts more foreign direct investment in H1
The week-long event, which started on June 26, is hosted by the Vietnam Trade Office under the Vietnamese Embassy in the U.K. in collaboration with the Vietnam Business Association in the U.K. (VBUK), and Longdan and EUTEK groups. As part of activities in the trade promotion program of the Vietnamese Ministry of Industry and Trade (MoIT), the event aims to promote Vietnamese high-quality products which are benefiting from the U.K.-Vietnam Free Trade Agreement (UKVFTA), to British retailers and consumers. Handicraft products, coffee, fresh and dried fruits, canned fruit juice, vermicelli, dried noodle, rice papers, cashew nuts, and fragrant rice of reputable export enterprises of Vietnam are being displayed at the supermarket and Vietnamese markets in Nottingham city. At the event, Sao Thai Duong JSC became the first Vietnamese enterprise to set up a showroom in the U.K. to introduce its herbal healthcare and beauty products. Speaking at the opening ceremony, Ambassador Nguyen … [Read more...] about Vietnamese goods, foods introduced in U.K.
Facilities of Binh Son Refining and Petrochemical Company Limited (BSR) in the central province of Quang Ngai. BSR rose 2.8 per cent on Wednesday. Photo bsr.com.vn Vietnamese shares rose on Wednesday, propped up by a slew of banking and energy stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 1.27 per cent, to 1,218.10 points. The benchmark increased 1.46 per cent, to close Tuesday at 1,202.82 points. More than 588.4 million shares were traded on the southern bourse, equivalent to VND14.4 trillion (US$619 million). Market breadth was positive with 136 losers and 326 gainers. Banking stocks were darlings of the market with gainers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB). Energy stocks gained ground with gainers such as Viet Nam National … [Read more...] about Shares extend gains, bolstered by bank and energy sectors