Southern vietnam

The People’s Committee of Binh Duong Province in southern Vietnam and the Vietnam Railways on Wednesday debuted an international multimodal train transporting cargo from Song Than Station to China. The train with 19 carriages carried nearly 500 metric tons of tapioca starch. The train departed from Song Than Station the same day, and is set to arrive in Putian, Zhengzhou in China’s Henan on October 5. Attending the inauguration ceremony, Le Manh Ha, CEO at T&T Trade and Service Company, said that the demand for freight transport to China is high. Firms can now conduct export procedures at Song Than Station, instead of any border station. The launch of the international multimodal transport train services has smoothed the path for local importers, exporters, and logistic service providers. Dang Sy Manh, chairman of the Vietnam Railways, said that Song Than Station is capable of handling 1.6 million metric tons of cargo, mainly consumer goods, garments and textiles, … [Read more...] about Vietnam’s Binh Duong launches int’l multimodal freight train to China

The festival is expected to attract numerous visitors. The Vietnam Craft Village Festival 2023 will be held from November 9 to 12 in Hanoi to promote craft village products and tourism. Foreign visitors at the Hanoi Gift Show 2022 in October last year. Photo: The Hanoi Times The festival's program includes a ceremony to honor artisans and craftsmen, the opening ceremony, and an international exhibition of craft village products and One Commune One Product (OCOP) goods at the Imperial Citadel of Thang Long. Nguyen Thi Hoang Yen, deputy head of the Department of Economic Cooperation and Rural Development, told a press conference on September 26 that six events will be held in response to the Vietnam Craft Village Festival 2023, including an art show of traditional cultural craft villages, an international workshop on craft villages with about 250 foreign and domestic delegates, a Vietnam-San Marino trade networking workshop with about 100 participants, … [Read more...] about Hanoi to host Vietnam Craft Village Festival 2023

Hanoi (VNA) - The livable coastal city of Da Nang, the ancient town of Hoi An , and Phu Quoc island, are destinations considered by foreign experts to be must see attractions for international visitors to Vietnam. Last week, experts from the famous international travel website Travel+Leisure (USA) and The Week (UK) suggested engaging activities that tourists can experience when coming to Da Nang and Hoi An in the central region and Phu Quoc island in the southern region. 10 best things to do in Da Nang and Hoi An According to Travel+Leisure, with pristine beaches, Da Nang is gradually becoming a "magnet" attracting international tourists with luxurious coastal resorts, restaurants, bars, attractive entertainment areas, mysterious mountains and cave systems, and especially the iconic Golden Bridge, the new symbol of Da Nang. Notably, Da Nang is blessed with picture perfect nature with smooth white sand beaches and clear jade blue sea water as beautiful as a painting. … [Read more...] about Must see attractions of Vietnam

SINGAPORE/HANOI -- Singapore's sovereign wealth fund GIC is among investors vying to buy up to 20 percent stake in grocer Bach Hoa Xanh from Vietnam's retail giant Mobile World Investment, in a deal that could value the grocery chain at up to $1.7 billion, two sources said. GIC declined to comment. Other bidders include companies from Thailand, the sources added, declining to be named as the matter is private. The identity of the potential buyers has not been reported previously. "The deal is nearing to the finalising stage and expected to close soon," one of the sources with knowledge of the matter said, adding that a deal could be sealed as early as the first quarter of next year if negotiations are successful. In a statement to Reuters , Mobile World said it would announce the information once the deal was concluded. "We are still in a private placement and have signed an agreement not to disclose information with interested bidders," it said. The potential deal would … [Read more...] about Singapore’s GIC among bidders vying for stake in Vietnam’s third largest grocery chain

Vietnam attracted close to US$20.21 billion in foreign investment in the year to September 20, up 7.7 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In particular, foreign investors registered to inject over $10.23 billion into nearly 2,300 new projects in the nine-month period, surging 66.3 and 43.6 percent, respectively. The period also saw 934 operational foreign direct investment projects revise up their capital by a total of over $5.15 billion, up 21.5 percent in the number of projects but down 37.3 percent in the additional capital. Foreign investors also conducted around 2,500 transactions to contribute funds to and acquire shares in local firms with total capital of $4.82 billion, edging down five percent in the number of transactions but soaring 47 percent in value. They poured capital into 18 out of 21 national economic industries in Vietnam, with the processing and manufacturing sector taking the lead … [Read more...] about Vietnam’s 9-month foreign investment attraction up 7.7 percent

The train consists of 19 carriages carrying about 500 tonnes of tapioca starch. It departed from Song Than station and is scheduled to arrive in Putian, Zhengzhou in the Chinese province of Henan on October 5. It marked the first time the station has been involved in the local export-import activities. Speaking at the event, Director of Binh Duong provincial Customs Department Nguyen Tran Hieu said Binh Duong has risen to the third place nationwide in terms of exports-imports, about 40% of which has been with China, mostly via waterway and partly by road. Last year, Song Than station handled over 1.6 million tonnes of goods, mostly electronic equipment, automobiles, food, raw materials for production, and products manufactured for industrial zones in Binh Duong, Dong Nai and Ho Chi Minh City. Chairman of the VNR Board of Members Dang Sy Manh said during the 2025-2030 period, Song Than station is expected to handle 3.5 million tonnes per year, becoming a major cargo hub in … [Read more...] about Train carrying exports to China from southern Binh Duong province debuts

Illustrative image (Photo: VNA) HCM City (VNA) – The Ministry of Labour , Invalids and Social Affairs (MoLISA) held a national conference in Ho Chi Minh City on September 28 to discuss the implementation of a project on building and implementing an action plan to realise goals of the ASEAN Socio-Cultural Community (ASCC) until 2025 (Project 161), in both in-person and online format. The annual event brought together the ASEAN Secretariat in Indonesia, the MoLISA, the Ministry of Foreign Affairs, the Ministry of Industry and Trade, the Government Office, and various ministries and agencies within the ASCC in Vietnam, along with leaders from southern cities and provinces. Speaking at the event, Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thi Ha said during 2021-2022, the MoLISA worked closely with ministries, agencies and localities to complete the action plan to carry out the Project 161, with the majority of the goals outlined in the ASCC being … [Read more...] about Vietnam looks towards ASCC goals for the 2021-2025 period

The train carries goods from Sóng Thần station in Bình Dương Province to China. — Photo baobinhduong.vn Authorities in southern Bình Dương Province, in collaboration with the Vietnam Railways Corporation (VNR), conducted a ceremony on Wednesday to inaugurate an international multimodal train route for transporting goods from Sóng Thần Station to China. This train convoy comprises 19 carriages carrying approximately 500 tonnes of tapioca starch. It commenced its journey from Sóng Thần Station and is scheduled to reach its destination in Putian, Zhengzhou, located in China's Henan province, on October 5. This marks the first instance of the station participating in local export-import activities. Addressing the event, Nguyễn Trần Hiếu, Director of Bình Dương Provincial Customs Department, highlighted that Bình Dương has risen to the third position nationwide in terms of exports and imports, with about 40 per cent of these transactions being with China, primarily through … [Read more...] about Train carrying exports to China from southern Bình Dương Province debuts

Bach Hoa Xanh is Vietnam's third-largest grocery chain GIC is among the bidders looking to acquire a stake in Bach Hoa Xanh in a transaction that could increase the grocery chain's valuation to $1.5-1.7 billion. Other bidders include companies from Thailand. The deal is slated to be wrapped up in the first quarter of 2024 if the negotiations are successful, as reported by Reuters . "The deal is nearing the finalising stage and is expected to close soon," a source with knowledge of the matter said. Mobile World said, "Information will be announced once the deal is concluded. The company is still in a private placement and has signed an agreement not to disclose information with interested bidders." Established in 2015, Bach Hoa Xanh, backed by Vietnam's retail giant Mobile World Investment, runs more than 1,700 stores in Vietnam's southern and south-central provinces. Mobile World has now decided to proceed with the planned sale after putting it on hold earlier this … [Read more...] about Singapore’s GIC eyes potential M&A deal in Vietnam’s retail sector

The program is dedicated to the 10 young women volunteers who gave their lives for the victory of Dong Loc during the anti-American war. An art performance celebrating the 55th anniversary of the Dong Loc Victory is being produced by the Vietnam Women's Museum and director Le Quy Duong. Titled Huyen Thoai Thanh Xuan (Legend of Youth), the performance is dedicated to 10 young female volunteers who gave their lives for the Dong Loc Victory during the anti-American war. Dong Loc T-junction is located in Dong Loc Commune in the Central province of Ha Tinh, on the legendary Ho Chi Minh Trail. The stage is designed to recreate the Dong Loc battlefield. From 1965 to 1968, the US Army dropped nearly 50,000 bombs and fired tens of thousands of missiles on the Dong Loc T-junction to cut off the transport route to the southern front. To keep the traffic flowing, all human resources were mobilized to clear the road. Ten girls between the ages of 17 and 24 … [Read more...] about Dong Loc battlefield re-enacted at Hanoi museum