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VinFast has announced its unaudited financial results for the quarter ended June 30, 2023. Accordingly, the company posted a total revenue of $334.1 million in the second quarter of 2023, representing an increase of 131.2 per cent from the second quarter of 2022 and an increase of 303.3 per cent from the first quarter of 2023. Meanwhile, its vehicle sales were $314.6 million, representing an increase of 147 per cent from the second quarter of 2022 and an increase of 387.3 per cent from the first quarter of 2023. The increase in vehicle sales over the second quarter of 2022 and the first quarter of 2023 was mainly due to a significant increase in EV sales volume in Vietnam in the second quarter. VinFast recorded 9,535 EV deliveries in the second quarter of 2023, up approximately 436 per cent from the first quarter of 2023. Meanwhile, e-scooters deliveries were 10,182, a 4 per cent increase from the first quarter of 2023. As of June 30, 2023, VinFast had 122 showrooms globally for … [Read more...] about VinFast reports $387.8 million loss in Q2, amid improved revenues

The renowned food-store has won the hearts of many Hanoian generations with its only kind of foodstuff for over 70 years. The Banh cuon , or steamed rice crepe, is not a luxury food but has become favorite of not only Vietnamese but also foreign visitors to Hanoi. The Banh cuon Ba Hoanh restaurant is always packed with diners at the weekend. Photo: Duy Khanh “I feel like I’ve just swallowed a piece of ‘silk’,” Marco Lipuma- a friend of our family from Germany exclaimed as soon as he tried his first bite of the Banh cuon . “It’s outstanding, cool and very...slippery,” he said. After his first taste in early this year, within the following months he’d tried it countless more times. “I don’t like food with rich protein, so this is a good choice and I think it’s also a perfect detox food after so many giant feasts,” he stated. Truong Kim Dung, a customer of Banh Cuon Ba Hoanh eatery said that she tried the dish some 30 years ago when she got … [Read more...] about [Quintessence of Hanoi’s cuisine] “Banh Cuon Ba Hoanh”: Gorgeous decades-long delicacy of Hanoi

Hanoi stimulates the consumption of One Commune, One Product (OCOP) products through numerous promotional and networking events. Many trade promotion events for Hanoi's OCOP products associated with the culture of provinces in the Central Highlands and Southern regions will be held until the end of 2023, according to the Hanoi Department of Agriculture and Rural Development. A consumer shops at the Hanoi Farm Produce Fair 2023 in Ung Hoa District. Photo: Hoai Nam/The Hanoi Times Nguyen Van Chi, Deputy Head of the Hanoi Coordination Office of the New Rural Construction Program, said last week's event on Trinh Cong Son Pedestrian Street is the beginning of a series of trade promotion activities for the sale of OCOP products and safe farm produce linked to the culture of provinces and cities across the country. More than 100 booths with over 2,000 OCOP products were displayed at the fair. Consumers in the city had the opportunity to access specialties from 35 … [Read more...] about Promotional events in Hanoi boost sales of OCOP products

Visitors to a booth of a Vietnamese company at the Uttar Pradesh International Trade Show (Photo: VNA) New Delhi (VNA) – Nearly 50 enterprises from Vietnam attended a trade promotion and business matching programme on September 22-23 as part of the Uttar Pradesh International Trade Show (UPITS), held for the first time by the administration of the Indian state of Uttar Pradesh . The Vietnamese delegation accounted for over 10% of the international guests invited by the Uttar Pradesh administration to the UPITS, organised in coordination with the Federation of India n Export Organisations (FIEO). With support from the Trade Office of Vietnam in India, the delegation attended business matching events and export promotion forums held by FIEO. Addressing a forum, FIEO Director General Ajay Sahai said by building an export ecosystem, Uttar Pradesh will become an export hub of India and make tremendous contributions to the country’s gross domestic product. Meanwhile, … [Read more...] about Nearly 50 Vietnamese companies join trade promotion event in India

An overview of the meeting between Prime Minister Pham Minh Chinh and Brazilian businesses . (Photo: VNA) Sao Paulo (VNA) – Prime Minister Pham Minh Chinh on September 24 asked Vietnamese and Brazilian businesses to concretise cooperation mechanisms with specific programmes and projects, with an aim to bring two-way trade turnover to 10 billion USD by 2025, and 15-20 billion USD by 2030 in a more balanced direction. PM Chinh, who is in an official visit to the South American country, stressed that after nearly 35 years of the establishment of diplomatic ties, the bilateral relations have developed positively in all fields. Vietnam and Brazil are currently each other's largest trading partner in Southeast Asia and South America, with their trade turnover reaching a record level of about 6.78 billion USD in 2022, up 6.6% year-on-year, and by threefold in the past decade. However, investment cooperation remains very modest, as Brazil currently has six valid projects … [Read more...] about Vietnamese, Brazilian firms asked to work together to raise trade to 10 billion USD

The event, held as part of the activities to celebrate the 50th anniversary of the Vietnam - Australia diplomatic relations, drew more than 100 representatives from Australian universities, education establishments, food enterprises, as well as those from local branches, sectors, restaurants, hotels, retailers, importers, universities and colleges. Rebecca Ball, Senior Trade and Investment Commissioner of Australia, said that the event is expected to serve as a booster for the Vietnam - Australia trade through new cooperation opportunities in education and agrifood. Similar roadshows were held in March in Hanoi, Hue and Da Nang, attracting more than 400 businesses, associations and education establishments, producing encouraging outcomes, so Austrade has high expectations that the September program will have noticeable impacts on bilateral trade, Ball said. Meanwhile, Vice Chairman of the provincial People’s Committee Le Huu Hoang expressed his hope that the roadshow will enhance … [Read more...] about Roadshow promotes Vietnam – Australia trade, education cooperation

Farmers harvest rice in the field. Rice exports during the first seven months this year tallied 2.54 million tonnes with a value of 40.8 billion baht, a gain of 51.8% year-on-year. (Photo: bangkokpost.com) Bangkok (VNA) – The Agricultural Economics Office of the Agriculture and Cooperatives Ministry in Thailand has forecasted a decline in rice production for the country’s 2023-24 harvest season, primarily due to the effects of the El Niño weather phenomenon. The rice output is expected to reduce by approximately 871,000 tonnes, a decrease of 3.27%, to 25.8 million tonnes. Deputy Secretary-General of the Agricultural Economics Department, Tantita Bunyamaneekul, reported a reduction in the country’s rice cultivation area for the 2023-24 crop year, which totalled 62.4 million rai (9.98 million ha). This is a reduction of 602,000 rai or 0.96% from the previous year. This decrease in cultivation area is largely due to changes in weather conditions, which have resulted in delayed … [Read more...] about Thai rice output forecasted to fall due to El Nino

Mekong Delta provinces have stepped up efforts in the fight against IUU fishing. (Photo: VNA) Kien Giang (VNA) – Mekong Delta provinces have intensified their efforts to prevent illegal, unreported and unregulated (IUU) fishing in a bid to have the European Commission (EC)’s “yellow card” warning against Vietnamese seafood lifted. Kien Giang province reported no fishing boats violating foreign waters in recent months, according to the provincial steering board for IUU fishing prevention and control. The result was attributed to the local authorities’ application of drastic and synchronous measures against IUU fishing, with a wide range of inspections and enhanced communications work to raise local fishermen’s awareness of current regulations on IUU fishing prevention put in place, said Deputy Director of the provincial Department of Agriculture and Rural Development Quang Trong Thao, who is also deputy head of the steering board. To date, the vessel monitoring system … [Read more...] about Mekong Delta provinces step up efforts to combat illegal fishing

The programme on presenting helmets to first graders is carried out by the National Traffic Safety Committee , the Ministry of Education and Training , and Honda Vietnam. (Illustrative photo: VNA) Hanoi (VNA) – As many as 2 million helmets will be presented to first graders nationwide in the 2023 - 2024 academic year under a programme launched by the National Traffic Safety Committee, the Ministry of Education and Training, and Honda Vietnam on September 25. Addressing the launch at the Phu Do Primary School in Hanoi, General Director of Honda Vietnam Koji Sugita said the company pledges to take every possible measure for realising Honda’s global target of no traffic deaths related to Honda motorcycles and automobiles by 2050, and the Vietnamese Government’s target of no deaths related to road accidents by 2045. He noted wearing qualified helmets is a practical and important solution to protect motorcyclists and their families. It is crucial for helping first graders, … [Read more...] about Two million helmets to be presented to first graders in this school year

Vice Chairman of the provincial People’s Committee Le Huu Hoang and Rebecca Ball, Senior Trade and Investment Commissioner of Australia. — VNA/VNS The Australian Trade and Investment Commission (Austrade) recently organised a roadshow in the central province of Khánh Hòa to unlock cooperation opportunities between Việt Nam and Australia in the fields of education and trade. The roadshow was part of the activities commemorating the 50th anniversary of Việt Nam-Australia diplomatic relations. The event attracted over 100 representatives from Australian universities, education establishments, food enterprises, as well as local branches, sectors, restaurants, hotels, retailers, importers, universities, and colleges. The aim of the roadshow was to boost Việt Nam-Australia trade by exploring new cooperation opportunities in education and agrifood. Rebecca Ball, Senior Trade and Investment Commissioner of Australia, said that the event is expected to serve as a booster for the … [Read more...] about Roadshow promotes Việt Nam – Australia trade, education cooperation