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The volume of cargo handled by them is growing at 5 per cent a year, with the goods brought mainly by road, meaning the number of container trucks going in and out of the ports is huge. … [Read more...] about HCM City transport department wants to collect infrastructure fees at ports

According to VNG’s financial report from last year, the more than VND500 billion ($21.74 million) investment it has poured into Tiki since 2016 has all been lost. To recover at least part of the capital that went into Tiki, the local game developer in 2019 reduced its ownership in the platform from 38 to 24.6 per cent.  … [Read more...] about VNG hit hard in 2020

Deputy Prime Minister and Foreign Minister Pham Binh Minh said that Vietnam has actively prepared for its role as the ASEAN Chair 2020 from the end of 2018, with the hope to lay next bricks for building a strong ASEAN Community. "Since joining the "regional boat” of ASEAN in 1995, Vietnam has joined hands with other member countries in rowing the boat through many difficulties, and struggling with fierce eddies of the “global ocean", he said. Vietnam’s persistent efforts have contributed to building solidarity and unity within ASEAN, helping the bloc overcome difficult and challenging times, he stressed, noting that taking the role of the ASEAN Chair on the occasion of the 25th anniversary of its accession, Vietnam has many advantages but will also face many difficulties and challenges. Promoting ASEAN to grow strongly and sustainably will be a practical contribution of Vietnam to the Community, he added. With the ASEAN Year 2020 themed 'Cohesive and … [Read more...] about Vietnam actively contributes to strengthening ASEAN solidarity

The Central Inspection Committee concluded in 2018 that Cang, while serving as director of the city's Department of Transport, had violated land and construction investment regulations by signing a build-transfer contract with Dai Quang Minh Construction Investment JSC in 2013 for building four major roads running a total of nearly 12 kilometers (7.5 miles) in the Thu Thiem New Urban Area. … [Read more...] about HCMC Party official gets away with formal criticism for violations

In 2019, the total beer production will reach more than five billion litres (up 22.9 percent over the same period in 2018); consumption reached over four billion litres (up 29.1 percent over the same period last year). Beer sales reached over 65 billion VND (up 0.5 percent over the same period last year). Regarding types of consumption, canned beer consumption accounted for 66.8 percent of total beer consumption in Vietnam, followed by bottled beer 29.9 percent; while draft beer is 3.1 percent and accounts for a modest market share of fresh beer at 0.1 percent. … [Read more...] about Vietnam’s beer market expects big changes in 2020