Ipo of the vietnam national shipping lines

French shipping giant CMA-CGM has committed not to raise container freight rates At a recent online meeting with the Vietnam Maritime Administration (VMA), a representative of CMA-CGM in Vietnam said that since the beginning of 2021, container shipping spot freight rates have continued to rise due to port congestion and the major imbalance between demand and maritime container transport effective capacity. These market-driven rate increases are expected to continue in the coming months. However, the group has decided to put on hold any further increases in spot freight rates for all services operated under its brands, including CMA-CGM, CNC, Containerships, Mercosul, ANL, and APL. CMA-CGM is also investing heavily to strengthen its service offering and bring empty containers to Vietnam to serve exports and imports. According to the representative, since the beginning of this year, goods that CMA-CGM conveyed from the Vietnamese market grew 20 per cent. To meet customers’ …

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Hanoi tax authorities collect taxes from Google and Apple content developers The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of this year. The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of 2021. Illustrative photo According to the department, they have collected taxes from 392 people that provide content services on various applications including Google Play and Apple Store. The department have collected VND 203 billion (USD8.83 million) in taxes from these content developers since 2018. The municipal tax authorities are also seeking to collect more taxes from online businesses. They are checking on the information of 32,085 businesses that are using online delivery services and 756 housing rental businesses. The department has co-operated with banks and …

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HCMC’s government agencies create work plan for new normal state The head offices of the People’s Committees of wards in Go Vap and District 8 that were requisitioned as gathering places of food and essential goods for social welfare activities have been cleaned and disinfected to give back the premises to the local administrative agencies before September 15. Residents who come to the People’s Committees of wards for notarization services are required to provide medical declaration, wear mask, measure body temperature while local state officials will wear personal protective equipment to protect against the virus and comply with the health ministry's 5K message, including facemask, disinfection, social distancing, no gathering and health declaration. Digital transformation of public administration has created favorable condition for State cadres to work and solve all documents submitted by residents online during the social distancing measures. This process of using digital …

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Netherlands donates ventilators and medical equipment to Vietnam The government and business community of the Netherlands will donate ventilators and medical equipment worth VND43 billion to help Vietnam combat COVID-19, Ambassador Elsbeth Akkerman told her host Prime Minister Pham Minh Chinh in Hanoi on September 10. She affirmed that the Dutch government attaches great importance to the comprehensive partnership and the strategic partnership on climate change adaptation, sustainable agriculture and water management with Vietnam. The relationship between the two governments and their business communities continues to develop effectively for the sake of the economy, people and planet, she said. The Ambassador thanked the Vietnamese Government and the Prime Minister personally for caring about the EU business community, including Dutch businesses in the context of the COVID-19 pandemic, and noted the two countries are having many opportunities and prospects to strengthen …

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Digital transformation plays a vital role in agricultural development To achieve ambitions to become a modern-oriented industrialised nation by 2030 and a developed country with high income by 2045, Viet Nam must succeed in the digital transformation process, in which agriculture is one of the priority areas, Minister of Foreign Affairs Bui Thanh Son said. Minister Son gave the statement at the Vietnam Agricultural Digital Transformation International Forum 2021, themed “Keeping up with market trends, ensuring the pivotal role of the economy during and after the COVID-19 pandemic.” which was held virtually on Thursday by the Ministry of Foreign Affairs (MOFA), the Vietnam Digital Agriculture Association (VIDA), and e-newspaper VnExpress. The forum is a place for dialogue and public-private policy activities between the Government, private sector and stakeholders. It was also an activity within the framework of the Vietnam International Agricultural Exhibition 2021 (AgriTech Expo …

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Coronavirus hotspot sees sharp decrease in death rate The number of COVID-19 deaths recorded in Ho Chi Minh City, the largest coronavirus hotspot in Vietnam, has decreased significantly in recent days, signaling the COVID-19 treatment regimen is proving effective, according to health experts. The downward trajectory was attributed to the effective implementation of policies and decisions on COVID-19 prevention and control measures adopted by the health sector, said Pham Duc Hai, deputy head of the Ho Chi Minh City Steering Committee for COVID-19 Prevention and Control. According to health experts, the opening of more intensive care unit (ICU) centres for COVID-19 patients, the large support of medical equipment, as well as the use of antiviral drugs and anticoagulants in treating patients, have helped to lower the number of critical cases. Furthermore, the strategy of classifying patients has also played a significant part in lowering the death rate. The southern metropolis …

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Vietnam continues to be attractive investment destination: HSBC The Vietnamese market will remain an attractive investment destination for foreign investors moving forward, the Hong Kong Shanghai Banking Corporation (HSBC) Vietnam said in its monthly macroeconomic update for September 2021. The bank cites statistics from the Vietnam Leather, Footwear and Handbag Association (LEFASO), noting more than 30% of garment makers have suspended production, prompting garment exports to drop by 4.5% in August compared to the previous month. Notably, Vietnam’s leather and footwear industry currently makes up 15% of the world’s market share, a two-fold increase during the past 10 years. Vietnam is also one of the world’s largest textile and garment makers, just behind China and Bangladesh. However, Vietnamese exports of mobile devices and components recorded a sharp increase in August, achieving an annual growth rate of 11%. Meanwhile, exports of computers and electronic products also …

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A postal stamp commemorates the Vietnam-Cuba relations (Photo: VNA) Hanoi (VNA) - Vietnam and Cuba see ample room for trade growth as two-way trade is valued at just about 200 million USD annually. Although bilateral trade saw a downward trend in the recent two years, Cuba remains among 10 countries with the highest trade turnover with Vietnam in America. Of note, to support Vietnam in the fight against COVID-19, Cuba presented the Southeast Asian nation thousands of doses of Interferon Alfa 2B for treatment of COVID-19 patients and will cooperate with Vietnam in technology transfer of the medicine. President Nguyen Xuan Phuc’s Cuba visit on September 18-20 is expected to serve as a bridge to tighten the two countries’ relations, thereby facilitating the sustainable development of bilateral trade. The Vietnam-Cuba Trade Agreement was inked in Hanoi in November 2018 during an official visit to Vietnam by then President of the Council of State and the Council of …

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Vietnam posts no new COVID-19 cases early September 16 Vietnam detected no new COVID-19 cases in the past 12 hours, resulting in an unchanged tally of 1,063 as of 6 am on September 16, according to the National Steering Committee for COVID-19 Prevention and Control. Collecting COVID-19 sample for RT-PCR test (Photo: VNA) Vietnam detected no new COVID-19 cases in the past 12 hours, resulting in an unchanged tally of 1,063 as of 6 am on September 16, according to the National Steering Committee for COVID-19 Prevention and Control. Of the total, 691 were locally-transmitted cases, including 551 recorded since July 25. The number of fully recovered patients amounted to 931, while 35 died from complications related to the disease. Among those still under treatment, 16 have tested negative for SARS-CoV-2 once, 12 others twice and 18 thrice. Three patients are in critical conditions. There are 32,417 people having close contact with confirmed cases or coming …

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Foreign investors maintain confidence in Vietnam’s economy Vietnam attracted 14 billion USD in foreign direct investment (FDI) in the first eight months of this year, only 2 percent lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms. Of the investment capital, up to 11.7 percent has been disbursed, up 2 percent as compared with the corresponding time last year. In August alone, 2.4 billion USD was registered, up 65 percent from the previous month, mainly additional capital injected into the processing and manufacturing industry. However, this month’s FDI disbursement dropped 14.3 percent against July and 12.2 percent year-on-year as the social distancing order has been imposed in major economic centres. Budget collection in August also went up 13.9 percent while total spending reduced 5.9 percent year-on-year. According to the World Bank, Vietnam’s economic recovery in the fourth quarter will …

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