High tech high touch

High prices High prices are making Vietnamese seafood products uncompetitive in the 15 member states of the Regional Comprehensive Economic Partnership Agreement (RCEP), which came into effect this year. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that in Malaysia, Vietnamese seafood products are sold at prices higher than those of Chinese and Thai products of the same kind. The Vietnam Trade Office connected Vietnamese sellers of dried fish and tuna with Malaysian importers of these products but transactions between them failed due to price disagreement, Dung said. The trade office representative said that although it has a small population, Malaysia has a high demand for seafood, and is not only a member of the RCEP but also participates in many free trade agreements (FTAs). These factors mean that successful penetration of this market will enable Vietnamese seafood businesses to access many other markets in the bloc. Price has become … [Read more...] about High price hampers Vietnam’s seafood exports to Asia-Pacific markets

Illustration. (Photo: VNA) Hanoi (VNA) – Deputy Minister of Transport Le Anh Tuan has asked the Civil Aviation Authority of Vietnam (CAAV) to promptly tackle flight delays and cancellations after latest data shows that up to 5,602 flights by domestic carriers were delayed in June (May 19 – Jun 18), accounting for 18.2%. The figure was 15.9 percentage points higher than the same period last year and 9.4 percentage points higher than may, according to the report by CAAV. The report indicates that six domestic airlines – Vietnam Airlines, Vietjet Air, Pacific Airlines, Vasco, Bamboo Airways, and Vietravel Airlines – operated total of 30,808 flights in June, up 528.7% compared to the same period last year and 18% against the previous month. National flag carrier Vietnam Airlines and low-cost airline Vietjet Air outperformed the others, running 11,106 and 12,008 flights, respectively. It showed that Vietjet Air was the least punctual with 2,885 flights delayed, … [Read more...] about CAAV asked to tackle high rates in flight delays, cancellations

A corner of the Vietnam-Singapore Industrial Park 1 (VSIP1) in Thuan An, Binh Duong. (Photo: VNA) Binh Duong (VNA) – Binh Duong posted a highest-ever trade surplus of around 6.3 billion USD in the first half of 2022 as its foreign trade has witnessed quick recovery since the beginning of this year on the back of the recovery of global production and supply chains. The southern province generated nearly 19 billion USD from exports and spent some 12.7 billion USD on imports, according to head of the provincial Statistics Office Ngo Van Mit. Its largest market in H1 was the US which imported about 6.4 billion USD worth of goods and services from Binh Duong, followed by the EU (2.2 billion USD), the Republic of Korea and Japan (over 1.8 billion USD), and Taiwan (China) (over 1.4 billion USD). Binh Duong reported a quite impressive growth of 6.84% in Gross Regional Domestic Products (GRDP) during the period; with industry and construction expanding 7.58%; services 6.60%, and … [Read more...] about Binh Duong enjoys record-high trade surplus in H1

A performance of powered paragliding at the festival in Nha Trang city (Photo: VNA) Khanh Hoa (VNA) – A paragliding festival has taken place Nha Trang city, the central province of Khanh Hoa , an activity to help stimulate domestic tourism in the post-pandemic period. Addressing the opening ceremony on the beach of Nha Trang Bay on July 1, Do Van Tiep, Director of the Hon En Tourism and Adventure Sports Co. Ltd - the festival organiser, said he hopes the development of paragliding in particular and adventure sports in general will help diversify high-end tourism products in Nha Trang, thus attracting new travellers and providing fresh experiences for existing ones. Besides, the festival was also a chance for Nha Trang and Khanh Hoa to get established in the “paragliding map” of Vietnam and the world, he noted. The three-day event featured competitions along with powered and non-powered paragliding with the participation of about 100 pilots from clubs across … [Read more...] about Paragliding festival offers tourists fresh experience in Nha Trang

The booster shots are expected to help extend protection against subvariants BA.4 and BA.5. Vietnamese Prime Minister Pham Minh Chinh has urged localities and organizations to accelerate the delivery of booster doses of Covid-19 vaccines to all adults and children to prevent infection of the disease. In a document sent to localities and organizations on July 2, Chinh said the new sub-variant of Omicron (BA.5) has been detected in Vietnam, increasing the risk of the disease outbreaks again, emphasizing that the administration of the booster shots has been slow, and action must be taken to speed up the process. An old woman is vaccinated against Covid-19 in Hanoi. Photo: Chi Kien "Vietnam's vaccination campaign has been basically successful, but the speed of the injection of booster doses for adults has been slow recently. There is no shortage of Covid-19 vaccines, so provinces and cities should accelerate vaccinations following the prime minister's … [Read more...] about Public urged to get booster shots against Omicron subvariants

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts