Developing electric vehicles is a "golden opportunity" that comes once every hundred years and a chance for Vietnam to rewrite the development scenario for the auto industry. VinFast has developed 10,000 charging columns nationwide, and plans to invest in another 30,000 charging columns in the near future. An electric car model VF e34 has been officially introduced by VinFast. The VF e34 measures 4,300 mm long, 1,793 mm wide and 1,613 mm tall with a wheelbase of 2,611 mm and 180 mm of ground clearance, which places it in the ballpark of the B-segment SUV in terms of physical size, and weight of 1,490 kg. A single electric motor is rated for output of 147 hp and 242 Nm of torque, driving the front wheels. This is fed by a lithium-ion battery pack – earlier noted to have a capacity of 42 kWh – offering the VF e34 a range of 300 km on a full charge, and a claimed 180 km of range from 15 minutes of charging. Equipment as listed in a Vietnamese brochure indicates … [Read more...] about Once-in-a-lifetime opportunity to rewrite development scenario for VN auto industry
National agro industry share price
Hoa Phat takes the No.1 market share in Vietnam for construction steel, steel pipes and Australian beef sales in Vietnam (Source: Hoa Phat Group) Hanoi (VNA) – Vietnam's leading industrial manufacturing group Hoa Phat recorded the highest ever after-tax profit in a quarter at 10.3 trillion VND (453 million USD) in the third quarter of this year, 2.7 times higher than the same period last year. In the third quarter, the firm posted 56 percent year-on-year increase in its revenue in the third quarter of this year to 38.9 trillion VND. Operating in 25 provinces and cities across the country, Hoa Phat Group contributed 8.1 trillion VND to the State budget in the first nine months of the year, 11 percent higher than the amount in 2020. In the January-September period, the recorded a revenue of more than 105.8 trillion VND and after-tax profit of 27.1 trillion VND, increasing by more than 60 percent and 200 percent respectively over the same period in 2020. Its after-tax profit … [Read more...] about Hoa Phat enjoys record after-tax profit in Q3
Military Insurance's application on a mobile phone. VNS Photo HÀ NỘI — Revenue of the whole non-life insurance market recorded modest growth this year, but most insurance stocks on the stock market rose sharply. In the past two months, most insurance stocks have rebounded, with some stocks like Military Insurance Company (MIG), Bảo Minh Insurance Corporation (BMI) and Post - Telecommunication Joint Stock Insurance Corporation (PTI) up about 60 per cent compared to the beginning of the year. Vietnam National Reinsurance Corporation (VNR) even jumped 145 per cent. This stands in contrast to the sideways trend that occurred a few years ago. On the stock exchange, there are currently seven insurance stocks, including VNR, PTI, MIG, BMI, Petrolimex Insurance Corporation (PGI), PVIRe (PRE) and BIDV Insurance Corporation (BIC). These companies are operating in the field of non-life insurance. In Việt Nam, there is no life insurance company listed or registered for trading … [Read more...] about Insurance stocks get boost thanks to State divestment
Many companies in HCM City accelerate production since the lockdown was lifted half a month ago. — Photo danviet.vn By Xuân Hương HCM CITY — Sixty per cent of companies in HCM City have resumed production since the lockdown was lifted half a month ago. The resumption in transportation to other cities and provinces has favoured them, the HCM City Union of Business Associations (HUBA) said. Chu Tiến Dũng, HUBA chairman, said enterprises have worked actively with their workers and partners to speed up production to complete order backlogs and accept new orders. Nguyễn Văn Bé, chairman of the HCM City Export Processing Zone and Industrial Park Authority Business Association (HBA), said 1,500 companies, including 500 foreign ones, in the city’s industrial parks and export processing zones have resumed operations, with 60 per cent of them going back to more than 80 per cent capacity. “Walking around the factories, we realised that the city's solution of ‘living with … [Read more...] about Businesses resume production as workers return
Secretary General of the International Telecommunication Union (ITU) Houlin Zhao praised the proposals and initiatives of Vietnam and hoped that it would share its experiences with other ITU member countries. The ITU is a specialized organization of the United Nations established on July 15, 1947. The ITU has 193 member countries, and more than 700 associate members that are businesses, research institutions operating in the fields of telecommunications and information technology, and regional and international organizations. The ITU is an organization with the mission of maintaining and strengthening international cooperation in the fields of wireline, radio, fiber optic cable, and satellite in all member countries to enable the use of telecommunications in the most effective way. Vietnam’s role in ITU Since 1975, the Government of the Socialist Republic of Vietnam has been the sole legal representative of Vietnam to participate in the ITU. In recent years, … [Read more...] about What is Vietnam’s role in the International Telecommunication Union?
According to Vietnam National Administration of Tourism Vice Chairman Ha Van Sieu, Vietnam, hit by a fourth Covid wave, experienced a decline of 16 percent in domestic visitors and 41 percent in tourism receipts in the first nine months of 2021 compared to the same period last year. "Accommodation, tour operators and travel services have been shut down or closed temporarily while most international and domestic flights have been cancelled or interrupted significantly due to travel restrictions," he said. "The percentage of occupied rooms across Vietnam's accommodation services was about 20 percent in 2020 and less than 10 percent in 2021." RMIT Head of Management from the School of Business & Management, Associate Professor Nguyen Quang Trung, observed that the past two years have been challenging for the hospitality and tourism landscape, leading to a really tough time for hotels, restaurants and tourism establishments. Vietnam National Administration of Tourism … [Read more...] about Tourism, hospitality pursue Covid rebound