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Focus business club

/ March 6, 2021

VIETNAM BUSINESS NEWS MARCH 6

Danang calls for investment in 10 projects in next five years Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. Reportedly, in the Northwest region, there are many large investment projects, including Japan’s Mikazuki hospitality complex and new residential areas named Golden Bay, Thuy Tu, Golden Hills and the cluster of the Danang High-tech Park and the Information Technology Park. In addition, Danang is also calling for investment for Lien Chieu Port in this area. This project has a total investment capital of nearly VND7,400 billion (including State and private investment), developing two initial berths, capable of receiving general ships, bulk cargo with 100,000 tons and container ships from 6,000 to 8,000 TEUs, ensuring throughput of goods from 3.5 to 5.0 million tons a year. When these projects are constructed synchronously, they will be the driving force for Danang's economic development in the Northwest region. Among the 10 projects, there are also some prominent projects such as the railway station relocation and urban development project worth VND12,636 billion and the tunnel going …

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/ March 6, 2021

Rice exports to see bright outlook this year

Loading rice for export at Sai Gon port (Photo: VNA) HCM City (VNA) - Increasing global demand , stable domestic production , and better rice quality count among the reasons Vietnam can be confident its rice exports will prosper again in 2021 and surpass the 3.1 billion USD in revenue posted in 2020, despite a significant decline in the first two months of this year. According to figures from Vietnam Customs , Vietnam earned 192 million USD from shipping nearly 348,000 tonnes of rice overseas in January, down 34.2 percent in value and 36.4 percent in volume against December and 2.4 percent and 15.4 percent, respectively, year-on-year. As the Lunar New Year (Tet) holiday fell in February, the month’s export turnover is expected to be down. Nguyen Van Don, Director of Tien Giang province’s Viet Hung Limited Company, said the beginning of the year is never the peak time for trade, as consumers have already purchased rice for the long holiday period at the end of the previous year. Rice prices in the Mekong Delta are also at a high level, so purchasing businesses and foreign customers are all waiting for them to fall. General Director of the Trung An Hi-tech Farming JSC Pham Thai Binh said that transportation problems have also hampered rice exports in recent times. He pointed out that the country is facing a serious shortage of empty containers and cargo ships for exports. According to the Vietnam Food Association (VFA), there are high hopes being pinned on Vietnam’s rice exports in 2021, with major export markets such as the Philippines and Africa continuing to sign contracts, while many others have significant demand for fragrant rice and sticky rice, in which Vietnamese enterprises hold an advantage. Packaging rice for export (Photo: VNA) VFA Vice President and General Secretary Nguyen Trung Kien said that bilateral and multilateral free trade agreements (FTAs) such as the EU-Vietnam FTA and the UK-Vietnam FTA, which contain …

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/ March 5, 2021

Vietjet offering special promotion to celebrate International Women’s Day

A Vietjet flight (Photo: Vietjet) Hanoi (VNA) - Vietjet is offering a special promotion for four golden days from March 5 to March 8 to fly high quality throughout Vietnam with tickets priced from only 0 VND to celebrate International Women's Day (March 8). Accordingly, promotional tickets priced from only 0 VND are available for sale whole days with the flight period from March 8, 2021 to December 31, 2021 on the website www.vietjetair.com, Vietjet Air mobile app and Facebook at www.facebook.com/ vietjet vietnam (section "Booking"). In addition, Vietjet also offers passengers a gift of free 20kg checked baggage for all passengers buying tickets from now until March 31. The special offer is immediately applied as customers choose to include a 20kg baggage package when booking on all domestic flight routes with the flight time from now until April 25, 2021. Stay safe against the pandemic, fly safely with Vietjet and explore attractive destinations throughout the country with new experience such as having refreshment in Da Lat of tranquility and cool breeze; exploring beautiful sunny beaches of Da Nang, Nha Trang and Phu Quoc; enjoying the experience on rivers of Can Tho; or immersing in the traditional space of Hoi An Ancient Town. Especially, passengers do not miss out on opportunities to fly and experience the new super convenient Deluxe fare type of Vietjet at an unprecedented attractive price from only VND 399,000. In addition to the 20kg checked luggage for free, Deluxe passengers can enjoy free changes of flight, date, route for unlimited times; free priority check-in; free seat selection; and included Deluxe Flight Care programme. Vietjet advised passengers to fully comply with the mandatory health declaration via https://tokhaiyte.vn, save and show the information when checking in at airports as well as wear face masks during their flight to protect themselves and their community. All Vietjet flights are in accordance with global …

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