Regarding mechanics, VNR will invest in automation of manufacturing factories so as to develop into two modern manufacturing sites to assembly locomotives and railroad cars, and produce spare parts with localisation rate increasing to 50 per cent for locomotives and over 70 per cent for railroad cars. In terms of transport, the giant will increase connection with other means of transport such as road, sea, and air while ensuring rising application of technologies to ensure safety and increase service quality, administration, operation, and capacity. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
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Hanoi (VNA) - The US has become Vietnam’s largest supplier of fruits and vegetables in the first four months of the year, recording a 44 percent increase year-on-year in export value to 102.1 million USD, according to the Vietnam Fruit and Vegetable Association. Vietnam's overall fruit and vegetable imports fell 42 percent to 376.9 million USD, but imports from several countries such as New Zealand, the US and Korea increased. In the same period last year the US had accounted for only 10 percent of imports. Pham Thien Hoang, owner of GreenSpace Store, a fruit importer, said fruits from the US are very popular among Vietnamese consumers. Apples, grapes and cherries are among the biggest imports from that country. Vietnam is also a substantial exporter of vegetables and fruits, and in the first four months earned 1.2 billion USD these products, a 12.5 percent drop./. … [Read more...] about US becomes Vietnam’s largest supplier of fruits, vegetables
More than 340 Vietnamese citizens returned to the Southeast Asian country from the Netherlands and France on Sunday morning, as part of the government’s plan to bring home citizens stranded overseas due to the novel coronavirus disease (COVID-19) pandemic. … [Read more...] about Over 340 Vietnamese return home from France, Netherlands
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?
Addressing the handover ceremony, Tran Minh Hung, editor-in-chief of the Saigon Times Group, said that since early April, the group has called on businesses, organizations and individuals to join the Saigon Times - Noi Vong Tay Lon program. “Although the gifts are not of very high value, they are a token of our sentiments, as journalists, for disadvantaged people, with the hope that they can overcome this difficult time,” he stated. … [Read more...] about Saigon Times gives relief to 225 poor people in Ben Tre