Street view vietnam

During the second quarter of 2022, European business stakeholders' confidence in Vietnam's investment environment declined slightly, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and conducted by YouGov Vietnam. Following a first-quarter rise, the BCI dropped 4.4 points in the second quarter to 68.8 points. In contrast with earlier in the year, compounding factors such as the continuing war in Ukraine, commodity price spikes, and the ripple effect of China's zero-COVID policy have dampened expectations among Vietnam's European business community. Although the BCI has fallen, it remains 7.6 points higher than in the fourth quarter of 2021, when it measured 61 points. Vietnam's potential growth is also being viewed with less favour by European business leaders. About 60 per cent of respondents predicted that the Vietnamese economy would stabilise or improve in the third quarter of 2022, compared with 69 per cent who … [Read more...] about European FDI continues to flow into Vietnam amid economic uncertainties

In a document recently sent to Prime Minister Pham Minh Chinh, the municipal People’s Committee proposed the leader assign the Ministry of Transport to work with the committee and relevant agencies to assess advantages, opportunities, and possibility of an international transit terminal. The terminal will be able to handle the world’s largest cargo vessels (Photo: VNA) The HCM City administration said with a view to shifting part of the global container transit activities to Vietnam, the world’s largest sea shipping company MSC/TIL, the Vietnam Maritime Corporation, and Saigon Port have submitted a proposal to develop an international transit terminal in Can Gio. With about 7.2km of wharves, this project is expected to be able to handle 10-15 million TEUs (twenty-foot equivalent units) of cargo and serve the world’s largest container ships (24,000 TEUs) at present. The project will be implemented in seven phases, the first of which is hoped to start in 2024 and … [Read more...] about Ho Chi Minh City proposes international transit terminal in Can Gio

Illustrative image (Photo: VNA) HCM City – Ho Chi Minh City has proposed an international transit terminal worth about 6 billion USD be built in Can Gio district, and this terminal will be able to handle the world’s largest cargo vessels at present. In a document recently sent to Prime Minister Pham Minh Chinh, the municipal People’s Committee proposed the leader assign the Ministry of Transport to work with the committee and relevant agencies to assess advantages, opportunities, and possibility of an international transit terminal. The HCM City administration said with a view to shifting part of the global container transit activities to Vietnam, the world’s largest sea shipping company MSC/TIL, the Vietnam Maritime Corporation, and Saigon Port have submitted a proposal to develop an international transit terminal in Can Gio. With about 7.2km of wharves, this project is expected to be able to handle 10 - 15 million TEUs (twenty-foot equivalent units) of cargo and serve the … [Read more...] about HCM City proposes int’l transit terminal in Can Gio district