Why vietnam economy is booming

Nam Hai Dinh Vu Port in Hai Phong City. (Photo: VNA) This is one of the factors that make the demand for logistics real estate increase sharply, it said. A survey by Savills Vietnam showed that Vietnam's logistics industry is enjoying significant growth due to the development of the national economy, and the manufacturing and e-commerce sectors. According to a report on the emerging market logistics index released earlier this year by Agility, a leading logistics and transportation service provider in 2022, Vietnam ranks 11th among the world’s top 50 emerging markets, only behind Indonesia, Malaysia and Thailand in the Association of Southeast Asia Nations. Vietnam's transport and logistics market is estimated to grow at a compound annual growth rate (CAGR) of 7 percent in the 2021-2026 period. The Vietnamese government encourages enterprises manufacturing and attracts investment by establishing industrial and economic zones. Despite challenges from the Covid-19 pandemic, … [Read more...] about Demand for logistics real estate increases sharply: Savills Vietnam

Deputy Minister of Natural Resources and Environment Le Minh Ngan underpinned the importance of the national marine spatial master plan, saying its objectives are to properly delineate and zone off sea spaces for different sectors based on the incorporation of planning of sea-based industries; and to orient the use of sea spaces and address overlaps and conflicts in exploiting marine spaces. Drafting the master plan is a challenging and complex task, given that it has never been done before in Vietnam, Ngan noted, adding that utilizing existing data and information, it will zone off the marine spaces based on natural ecosystems to provide a connecting space for socio-economic development, enhance land-to-sea connectivity and protect national security-defence and international cooperation. The Ministry of Natural Resources and Environment (MoNRE) has sent the draft plan to a number of Party Central Committee's commissions, ministries and authorities of 28 coastal cities and … [Read more...] about Vietnam to have national marine spatial plan by 2030

The office said that the major products Vietnam shipped to Laos included petrol, vegetables, fertilizers, clinker and cement, electric wires and cables, paper and paper products, ceramics, and garment products. Meanwhile, Vietnam mostly imported from Laos fertilizers, rubber, wood and furniture, ore and other minerals. In July alone, two-way trade hit USD 125 million, a surge of 54.1% year on year, including Vietnam’s export revenue of nearly USD 53.2 million, up 33.9%. This was the third consecutive month that Vietnam enjoyed an increase in exports to Laos, helping reduce the fall in the turnover to minus 1.6% from minus 6% in the first half of this year. In August, Vietnam expects continuous rise in exports to Laos thanks to the stable conditions of the Lao economy, the reduction in petrol prices in the world and the rising number of Vietnamese investors in Laos. Source: VNA … [Read more...] about Vietnam, Laos enjoy 24.2% rise in two-way trade in 7 months

_Forming a digital Ministry of Agriculture and Rural Development _Establishing the digital agriculture _Creating digital rural areas with digital farmers. This process has lately been initiated successfully in the fields of cultivation, husbandry, aquaculture, forestry. Thanks to the ability to accelerate the elimination of ineffective traditional single farming models, the process is expected to promote the connection between 9 million farmer households with food processing enterprises as well as 100 million consumers nationwide, and further billions of international consumers. Using digital transformation, the Ministry of Agriculture and Rural Development wants to foster the application of advanced digital technologies among farmers and businesses taking part in agricultural activities. It should begin with modernizing cultivation methods to increase the values for all stakeholders in the ecosystem by providing more nutritious food for users worldwide. The transparency of … [Read more...] about Vietnam striving to develop digital agriculture

The Southeast Asian country's transport ministry will next month submit a proposal to build the 1,545 km (960 miles) railway to the Politburo, the powerful decision-making body of the ruling Communist Party of Vietnam, the government said in a news release. Vietnam, a regional manufacturing hub, is ramping up its investment in transport infrastructure to support its fast-growing economy. The first two sections with combined length of 665 km (413 miles) and total investment of $24.72 billion would be open to traffic by 2032, the government said, adding that the entire project would be completed by 2045-2050. … [Read more...] about Vietnam considers $58.7 billion high-speed railway

Read what is in the news today: Health -- The Ministry of Health confirmed an additional 1,428 COVID-19 cases on Sunday, raising Vietnam’s COVID-19 patient tally to 11,365,784. Society -- Rain is in the forecast for the entirety of Vietnam on Monday. -- Da Nang authorities announced on Sunday that the Han River Bridge will be closed to all types of vehicles between 11:00 pm and 5:00 am every day for 15 days, except Fridays through Sundays, for maintenance. -- Police in northern Ha Nam Province announced on Sunday the arrest of a 25-year-old man after he attempted to kill a three-year-old boy, put the child in a cardboard box and locked him in a freezer. Doctors have promptly saved the kid. -- The People’s Committee of southern Binh Phuoc Province announced on Sunday a fine of over VND150 million (US$6,411) against a mining company for changing the use purpose of protective forest land to non-agricultural land in some rural areas without permission from … [Read more...] about Breakfast @ Tuoi Tre News — August 15