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/ November 13, 2020

People and enterprises at center of development efforts: PM

The Hanoitimes - Vietnam is committed to cooperating with ASEAN countries in providing substantial supports for the business community, Prime Minister Nguyen Xuan Phuc has said. Vietnam and other ASEAN countries need to realize a common goal of putting the people and enterprises at the center of development efforts, according to Prime Minister Nguyen Xuan Phuc. Prime Minister Nguyen Xuan Phuc at the ASEAN BIS 2020. Photo: Quang Hieu. ASEAN member countries must grasp opportunities from a shift of global supply chains and investment capital flows to ensure the bloc’s long-term development, stated Mr. Phuc at the ASEAN Business and Investment Summit (ASEAN – BIS) 2020 held in Hanoi on November 13. This year’s theme ‘Digital ASEAN: Sustainable and Inclusive’ will focus on the importance of the Fourth Industrial Revolution in stimulating growth, trade and investment against the backdrop of the impacts of the coronavirus and the many challenges facing the region. The summit’s program will cover four sub-themes: ASEAN’s Economic Outlook; the Future of ESG Investing in Asia; Technology and the Future of Work in ASEAN; and ASEAN Resilient, Sustainable and Inclusive Growth. Attending this year’s event are the leaders of ASEAN as well the presidents and prime ministers of ASEAN’s dialogue partners such as Australia, China, OECD, UNDP or the World Bank, among others. Prime Minister Nguyen Xuan Phuc and delegates. Photo: Quang Hieu. Vietnam PM Phuc suggested the ASEAN – BIS 2020 would serve as a bridge between policy makers and international organizations, as well as businesses in the region, in turn opening up opportunities for further cooperation and development towards sustainable and inclusive growth. Over five decades of development, ASEAN has become a dynamic and creative business community with a population of over 630 million and GDP of US$3.1 trillion (2019), making it the fifth largest economy in the world. Mr. …

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/ February 23, 2021

HCMC to pilot bus priority lane

The HCMC Department of Transport shared that the city aims at possessing a multi-means public transport system, including 8 metro lines, 3 tram lines, 6 bus rapid transit lines (BRT), and 200 regular bus lines, in order to meet the traveling demands of the community. Due to the dense population in HCMC, leading to the large number of private vehicles, urban traffic at the moment has to shoulder a heavy burden, and the average velocity of vehicles in the downtown is just 20-25km per hour. To tackle this problem, the municipal authorities have adjusted the planning of the urban transport system to implement the Transit Oriented Development (TOD) model. This model maximizes the link between residential, business, manufacturing areas and the existing public transport system. HCMC is going to apply this model along Metro Line No.1 (from Ben Thanh in the downtown to Suoi Tien in Thu Duc City), Metro Line No.2 (the first phase: Ben Thanh – Tham Luong in District 12; the second phase: Tham Luong – Cu Chi District) and Metro Line No.5 (the first phase Bay Hien Intersection in Tan Binh District – Sai Gon Bridge; the second phase: Can Giuoc Coach Station in Long An Province – Bay Hien Intersection). The HCMC Management Center of Public Transport (MCPT) is going to introduce 21 high-quality bus lines. This is expected to rebuild the community’s trust towards buses, and thus increasing their bus use. In order to fulfill the goal, these buses must maintain their route schedule and are not allowed to skip bus-stops or passengers under any circumstances. They have free Wi-Fi, a route monitoring device, a sound system automatically connected to MCPT to announce destinations, free newspapers to serve passengers. Bus attendants must have good manner, especially towards the senior, the disabled, the ill, and the invalids. Bus drivers must ensure safety by strictly obeying traffic laws and minimizing disorder inside the bus. The new 21 lines must have sufficient …

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/ January 19, 2021

Poland increases imports of Vietnamese coffee

The MoIT’s Import and Export Department cited statistics released by the International Trade Center (ITC) which indicate that Poland's coffee imports throughout the 2015 to 2019 period grew by an average of 6.5% annually, from 141,144 tonnes in 2015 to a total of 181,086 tonnes in 2019. During the nine-month period, the Eastern European country’s coffee imports reached 136,300 tonnes with a value of US$448.71 million, showing an increase of 2.7% in volume and 6.7% in value from the same period in 2019. Most notably, the average import price of coffee within the Polish market witnessed a surge of 3.9% to US$3,291 per tonne compared to last year’s corresponding period. Throughout the reviewed period, Poland increased its coffee imports from the majority of its regular markets, although imports from both Germany and Uganda declined. The figures indicate that the Eastern European nation increased coffee imports from Vietnam by 30.6% in volume and 27.1% in value, with the Vietnamese coffee’s market share in the European nation's total imports accounting for 8.13%. According to statistics released by the Import and Export Department, the domestic coffee price at the start of the year saw a decrease, with coffee prices falling from VND700 to VND800 per kilo. …

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