Goods transport company

Consumers in the UK have been increasingly keen on Vietnam’s rice, especially after ST25 was honored as the best rice variety in the world in 2019, Nguyen Canh Cuong, trade counselor at the Vietnamese Embassy in the UK, told Tuoi Tre (Youth) newspaper. UK companies have paid much attention to Vietnam’s rice due to a higher demand in their country and incentives in the UK-Vietnam Free Trade Agreement (UKVFTA). In particular, the UK has waived the import tariff on Vietnam’s fragrant rice instead of imposing a 17.4-percent tax rate as earlier. Vietnam’s rice value on the rise According to statistics from the Vietnam Trade Office in the UK, the European country’s rice imports from Vietnam rose in 2020 and 2021. In 2020, before the UKVFTA took effect, Vietnam’s rice exports to the UK surged to some 3,400 metric tons worth US$2.67 million from nearly 1,300 metric tons in the previous year. Vietnam’s rice exports to the UK fell 20 percent in volume but inched up four percent … [Read more...] about Vietnam’s rice increasingly preferred in UK

A Vietjet aircraft. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. — VNA/VNS Photo Vietjet Air saw an impressive recovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175 per cent in net revenue to VND7.35 trillion (US$313.4 million), and earned profit of VND902 billion in the last quarter of 2022. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. It also contributed over VND4.3 trillion worth of direct and indirect taxes, fees and charges to the State budget. Last year, the carrier transported 20.5 million passengers aboard 116,000 flights, in which domestic transport increased by 20 per cent compared to 2019 before the COVID-19 pandemic broke out. Vietjet opened more than 20 new routes in 2022, mainly to the Indian market. As of December 31, 2022, Vietjet had operated a total of 103 routes. In 2023, Vietjet expects high revenue … [Read more...] about Vietjet reports over VND900 billion in profit in Q4/2022

The public investment assigned to the transport ministry in 2023 was the largest ever. — Photo kinhtedothi.vn Viet Nam has been accelerating the disbursement of public investment since the beginning of this year after missing its target in 2022. The National Assembly approved the public investment plan with a total capital of over VND700 trillion (US$29.85 billion) in 2023, VND140 trillion higher than the plan in 2022 and VND260 trillion higher than 2021. At the Government’s monthly meeting last Thursday, Prime Minister Pham Minh Chinh called for management to be enhanced to speed up the progress of major projects, especially key traffic works. “The disbursement of public investment must be accelerated from the beginning of the year,” he stressed, adding that the focus must be on the project preparation works and capital allocation. Agencies and localities were also gearing up for the disbursement of public investment. Ha Noi and HCM City - the country's economic … [Read more...] about Disbursement of public investment to be accelerated in 2023

VinAI Research Founding Director & CEO Bui Hai Hung presents flowers to speakers, and partners accompanying AI Day 2022 (Photo: VNA). Hanoi (VNA) – Artificial Intelligence (AI) Day 2022 officially opened in Hanoi on August 26, attended by both leading Vietnamese and foreign AI experts. The two-day event is organised by VinAI Research - the tech arm of Vingroup, the biggest conglomerate of Vietnam, with the support of the Ministry of Science and Technology, and the National Innovation Centre. It brings together leading researchers, policymakers and practitioners from all over the world to exchange on how AI is transforming societies, economies, and the environment. Under the theme of ‘Empower the Future’, AI Day 2022 features three tracks: AI for Global Equality, AI for Sustainable Development, and AI for Safety. Specifically, during the discussion on AI and Sustainable Development, speakers analyse the social and environmental impacts of designing, developing and … [Read more...] about AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam

Khang, a durian trader in the southern city of Can Tho, said that he has not been able to buy enough quantity to sell to domestic buyers, as farmers are only willing to sell at high prices. "In Can Tho, one kilogram costs VND150,000 but there is little supply," said Khang. "This price level is uncommonly high." Hanh, a trader in Tien Giang who sells to Chinese buyers, said that she has been busy going to farms and paying high rates. She says she is even willing to pay commissions to those who introduce her to new farms. Local farmers say that durian prices in southern Tien Giang province range from VND120,000 to VND190,000, a triple increase year-on-year. Traders sell to Chinese buyers at even higher prices, from VND170,000 to VND290,000. They say that demand from China has surged several times from previous years. Traders need to gather hundreds of tons each day to deliver to China but supply can only meet 30% to 50% of their needs. Linh in Tien Giang can buy only around … [Read more...] about Durian prices surge as demand from China jumps

Durian purchased by traders and waiting to be packed and shipped to China in Tien Giang Province. — Photo vnexpress.net Durian is being purchased by traders in Mekong Delta region for VND150,000-190,000(US$6.4-8.1) a kilogramme, three times higher than the same period last year and the highest level ever. The reason for the high price of durian is that durian is still off-season and supply is low. Meanwhile, strong demand is coming from the Chinese market as well as domestic markets. Huynh Tan Loc, director of the Ngu Hiep Durian Co-operative in Tien Giang Province’s Cai Lay District, said the prices of the fruit have increased sharply since the beginning of this year. The country’s largest durian producing province has more than 17,000ha of the fruit, mostly in the Cai Lay, Cai Be and Chau Thanh districts and Cai Lay Town. The orchards have an average yield of 20-25 tonnes per hectare and farmers harvesting now can earn VND1-1.5 billion ($43,000-64,000) per hectare, the … [Read more...] about Durian prices hit record high as demand surges

Illustrative image. Photo: VNA The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT) has recently issued Decision No. 132/QD-BTC on the continuation of anti-dumping measures for certain imported cold-rolled (cold-pressed) steel coils or sheets from China. In accordance with Decision No. 3390/QD-BCT issued by MoIT on December 21, 2020, the anti-dumping tax rate for Chinese cold-rolled steel goods remains constant. According to this ruling, Chinese cold-rolled steel is subject to anti-dumping duty rates ranging from 4.43 per cent to 25.22 per cent, depending on the individual manufacturers and exporters. Prior to September 3, 2019, many local steel manufacturing companies filed dossiers demanding anti-dumping investigations for a variety of Chinese steel goods imported into Vietnam. The MoIT has decided to investigate the issue in line with the World Trade Organization (WTO), the Foreign Trade Management Law (FTML), and other applicable … [Read more...] about Vietnam upholds antidumping tariff on Chinese steel imports

The new office in Hanoi signifies Frasers Property’s commitment to Vietnam’s economic development, underscoring the confidence it has in the long-term growth potential across the country. The new office is located in the HCO Building in Hoan Kiem district within Hanoi’s bustling downtown, while Frasers Property’s premier representative office continues to be located at Melinh Point within Ho Chi Minh City’s central business district. This expansion is supported by a strong team to match Frasers Property's ambitions. Frasers Property CEO Panote Sirivadhanabhakdi (front right) and FPV CEO Lim Hua Tiong (front left) on the opening day of the new office Edwin Tan, deputy CEO of FPV, said, "The company has seen significant growth in the scale and operation of our business over the past few years, and we are now looking to expand and scale nationally." “The opening of our Hanoi office is part of FPV's overall growth plan, bringing us closer to our valued real estate … [Read more...] about Frasers Property opens Hanoi office

AI4VN has been an annual programme organised by the Ministry of Science and Technology since 2018 (Photo: VietnnamPlus) Hanoi (VNA) - The 2022 Vietnam Artificial Intelligence Day (AI4VN), themed “AI – Recovering the economy , shaping the future”, began in Hanoi on September 23. The forum was expected to serve as a venue for participants to share stories, and propose solutions to contribute to creating motivation for developing the AI ecosystem in Vietnam. This was also a good chance for the community to understand more about the application perspective to see how AI technology has changed people's lives. At the event, Deputy Prime Minister Vu Duc Dam said AI4VN 2022 introduces artificial intelligence products from not only big and reputable enterprises but also small businesses, adding that this shows that technology will greatly change lives now and in the future. He stressed that Vietnam needs to make more efforts in the process of applying artificial intelligence … [Read more...] about 2022 Vietnam Artificial Intelligence Day opens in Hanoi