Cam Ranh Port in Khanh Hoa Province. Ports across central Viet Nam are planning to upgrade their capacity. – Photo baodautu.vn Many ports in the central region are improving their capacity or proposing upgrades to meet the rising demand for foreign trade. Several businesses are investing in upgrading ports in Quang Ngai Province’s Dung Quat Port Cluster, a network of eight ports, including three general and five specialised ones meant for private businesses. Among the ports, one specialised facility is capable of berthing ships of 150,000 – 200,000 tonnes ships, while the remaining seven can only receive vessels of 50,000 – 70,000 tonnes. The province has over 20 businesses exporting and importing goods using container ships and around 6,500 containers annually, and they currently have to use ports in Da Nang and elsewhere in the central region. Dang Van Minh, chairman of the Quang Ngai Province People’s Committee, said the Dung Quat Port Cluster has reached full capacity, and so fresh investment is crucial for the province’s export-import needs. In Binh Dinh Province, Quy Nhon Port is handling 2,500 tonnes of goods per berth metre, more than five times its capacity. The Quy Nhon Port Joint Stock Company will begin upgrading one of its piers in August to expand its capacity. Phu Yen Province is planning to build a deep-water port. The Cam Ranh Port Joint Stock Company in Khanh Hoa Province is planning on building a new berth in its Cam Ranh Port. Dr Tran Du Lich, a member of the Government Advisory Group, said coastal provinces in central Viet Nam had been soliciting investment in ports. Now the region typically transports goods to ports in Hai Phong or HCM City for exporting, and investment is spread too thin for many ports to berth large vessels, according to Lich. – VNS …
Private investment
Vietnamese women fall victim to deceptive men on Tinder dating app
Many young Vietnamese women have fallen into traps set by men on dating sites. In a chic white dress, T.N.P.N, 27, who lives in HCM City, told VietNamNet that she was a victim of a man who made friends with her on Tinder. N said she was warned about cheating on dating sites and tried to learn something about her friend before having relations with him. N, who works in the information technology sector, had always looked up information about the men and had been able to avoid bad people. But she could not escape the sophisticated trap set by YiLi. “YiLi was at another rank,” she said. “He had a youthful and manly appearance like a supermodel. He was knowledgeable with a strong personality. Though I was very cautious, I could not find anything shady about him." “My doubt was replaced by belief, and I followed YiLi’s advice to make a forex investment on Ausforex-x.com,” N said. She later discovered that she had been cheated and lost over $10,000. “YiLi designed a perfect scenario and acted so well that I absolutely believed in him. I even fell in love with him. After one month of talking, YiLi never mentioned the investment,” she recalled. “We only talked about our hobbies. During the process, I realized that YiLi was calm and knowledgeable. I fell in love because I found that both of us had many common interests such as taking pictures and watching Japanese anime,” N explained. One morning, when N still had not gotten out of bed, YiLi sent sweet text messages. He also sent images of him going shopping and buying luxury items. When asked about the shopping, the man said he had made big money from forex investments. It was a ‘job’ that he was doing to earn extra money as he, a pilot, could not fly during the Covid-19 pandemic. Many young Vietnamese women have fallen into traps set by men on dating sites. Another woman, N.M.Y, 24, from Tien Giang province, was also hurt by someone on the dating app. She had been involved in a …
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Vietnam to see 10-15% job cuts in leather, shoe industries due to automation: experts
Vietnam’s long-term growth as a leading shoe exporter is forecast to come at the expense of job losses for up to 15 percent of the industry’s laborers because of automated machinery. The country exported over one billion pairs of shoes in 2017, accounting for 7.4 percent of shoe exports worldwide, according to statistics released by the Vietnam Leather, Footwear and Handbag Association (Lefaso). Vietnam is the world’s third-largest producer and second-largest exporter of shoes globally, Lefaso’s deputy chairman Diep Thanh Kiet said on Wednesday at the opening of a two-day footwear summit in Ho Chi Minh City. By 2030, the country’s shoe industry is expected to locally source 60 percent of its demand for leather thanks to foreign direct investment (FDI) from Italy and South Korea, Kiet said. Vietnam is forecast to continue to cement its foothold as the world’s leading shoe producer for at least the next 20 years, he added, pointing to a positive market outlook for foreign brands in Vietnam. However, experts have warned that the steady growth of Vietnam’s leather and shoe industry could lead to increased automation in different production phases, putting low-level workers at risk of job loss. About 10-15 percent of human workforce in the industry is forecast to be laid off as a result, Kiet said, as companies move toward employing automated machinery to carry out repetitive tasks with much higher accuracy and efficiency. Workers inspect leather shoes before boxing for export at a factory in Vietnam. Photo: Tuoi Tre Vietnam’s free trade agreements with major markets like Japan, Russia, Kazakhstan, Belarus, South Korea, and Southeast Asia are an assurance that local shoe exporters will continue to grow in the face of dropping global demand for leather footwear, the Lefaso deputy chairman said. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an 11-country trade pact of which Vietnam is a signatory, will …