Transportation 50 years from now

Hungary has announced it will grant 50 full scholarships to Vietnamese students in the 2014-2015 academic year. The scholarships include 40 for tertiary education and MA degrees and 10 for doctorate degrees, said the Ministry of Education and Training (MoET). According to the MoET, 30 scholarships will be offered to students in agriculture, natural science, water resource management, technology, civil engineering, and tourism. Three others will be for arts and culture, two for sports and physical training, and five for pharmacy and health care. Ten doctorate scholarships will be allocated based on applicants’ capacity. If the applicants are not State employees, they are required to have an average university score of 7.5 or have won a young Vietnamese scientific talent award. Applicants should submit their forms before March 15 to the MoET. … [Read more...] about Hungary grants 50 scholarships to Vietnamese students

Ceremony to mark the 20th founding anniversary of Vietnam Environment Protection Fund (Photo: VNA) Quang Ninh (VNA) – The Vietnam Environment Protection Fund (VEPF) has contributed importantly to protecting the environment and reducing pollution over the past 20 years. Speaking at a ceremony to mark the 20th founding anniversary of the fund on June 26 in the northern province of Quang Ninh, its Director Nguyen Duc Thuan said that in the past two decades, VEPF has provided preferential loans for nearly 400 projects with a total disbursed capital of nearly 3 trillion VND (129 million USD). It has also financed over 100 billion VND to help localities deal with post-disaster environmental pollution, received combined deposit amount of 250 billion VND from over 360 projects to ensure the restoration of the environment after the projects are completed, and mobilised a non-refundable aid worth 84 million USD from the Global Environment Fund. Deputy Minister of Natural … [Read more...] about 20-year-old fund helps protect environment, reduce pollution

Le Thanh Tam, Director of the municipal Department of Planning and Investment, said the growth rate is the second highest among the five centrally-run cities in the country. Specifically, the agro-forestry-fishery sector expanded by 3.28%, industry-construction 11.8% and services 7.62%, contributing 0.4%, 3.56% and 3.95% to the overall growth rate, respectively. The Index of Industrial Production picked up 12.86% year-on-year, while the export turnover of goods and services top 1.1 billion USD, up 15.16%. Total revenues from retails and services were estimated at 55.5 trillion VND (2.39 billion USD), an increase of 21.09%. However, the low disbursement of public investment has affected the growth of some sectors, such as construction with a growth rate of 4.88%. The director said the planning and investment sector will work closely with other sectors to implement tasks to promote economic recovery and development in the remaining months of the year. He said if set plans and … [Read more...] about Can Tho posts three-year high economic growth

Viet Nam has seen rapid growth in e-commerce in recent years, and demand for logistics services is growing commensurately. — Photo courtesy of J&T Express The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders. In its E-commerce White Book 2021, the Viet Nam E-Commerce and Digital Economy Agency said Viet Nam has the highest number of people shopping on e-commerce platforms in the Southeast Asia region at some 49.3 million. In the last two years, the country has seen both consumers and firms moving online, it said. Nguyen Ngoc Dung, president of the Vietnam E-commerce Association, said there has been a boom in e-commerce since the pandemic began. More than 70 per cent of the population have access to the internet and nearly 50 per cent shop online, he said. The online shopping boom has offered opportunities as well as challenges to the logistics industry, … [Read more...] about Explosive e-commerce growth drives demand for logistics

Famous specialist on Southeast Asia Carl Thayer said Vietnam was entirely justified under international law in exercising self-defense against the Khmer Rouge who first attacked Vietnamese island territories in 1975. Vietnam and Cambodia celebrated the 55th anniversary of diplomatic relations on June 24, 2022. On this occasion, Emeritus Professor at the University of New South Wales (UNSW), Canberra Carl Thayer wrote to The Hanoi Times his insights into the relations between the two neighboring countries. The 55th anniversary of diplomatic ties between Vietnam and Cambodia celebrated in Hanoi on June 24. Photo: Baoquocte In 1967 the war in Vietnam was escalating as the United States poured more ground troops into South Vietnam and sought to interdict the Ho Chi Minh Trail. At the same time, the U.S. continued its air war over North Vietnam. Prince Norodom Sihanouk consistently followed the path of neutrality and non-alignment since independence … [Read more...] about Vietnam entirely justified in exercising self-defense against Khmer Rouge: Carl Thayer

Denis Brunetti, president in Vietnam and Myanmar for Ericsson With digital transformation being accelerated in the manufacturing sector, what are the factors for the successful development of smart factories in Vietnam? The next wave of socioeconomic development in Vietnam will be created through innovation, science, and technology, driven by the digital economy. A key component of Vietnam’s socioeconomic development strategy is the digital economy, which will contribute 25 per cent of GDP by 2025 and 30 per cent by 2030. It will also further enhance productivity in all key economic sectors of Vietnam. The new digital economy will be created by scientific and technological advancements and innovation, particularly in areas such as 5G, AI, machine learning, automation, cloud computing, blockchain, and the Internet of Things (IoT). With our global scale and expertise, we look forward to supporting Vietnam with the expanded deployment of 4G and 5G networks moving forward. … [Read more...] about The path to success with smart 5G manufacturing in Vietnam

Chairman of the Korean Business Association in Viet Nam, Shon Young Il, speaks at a dialogue between Korean business executives and HCM City authorities on June 24. — VNA/VNS Photo Xuan Anh The chairman of the Korean Chamber of Commerce and Industry in Viet Nam, Shon Young Il, has called on HCM City authorities to help Korean firms resolve difficulties they face in investing and operating in the city. Shon was speaking at a meeting between Korean business executives and city officials late last week organised by the People’s Committee and Korean consulate general in the city. The meeting was held to review the performance of Korean enterprises and for the city officials to listen to their problems and offered solutions. The problems discussed included some related to labour, with Shon saying a number of businesses complained about difficulties in obtaining work permits for foreign workers. Reducing costs, including salaries, is an imperative part of doing business, and so … [Read more...] about HCM City promises to ease problems faced by Korean investors

In 2020-2021, despite being heavily affected by the COVID-19 epidemic, Vietnam’s GDP still maintained positive growth, mainly thanks to the growth of import-export and investment, especially foreign direct investment. In fact, a number of industries recovered strongly after the epidemic such as retail, personal goods, and pharmaceuticals, due to a good recovery in domestic demand. Construction industry pins hope in public investment, FDI and real estate to bounce back. Some industries showed good recovery reaching close to the pre-pandemic period, including transportation, warehousing, and forestry, while logistics sector is expected to be a bright spot in the coming years. The Asian Development Bank has forecasted that Vietnam 's economic growth will recover to 6.5% in 2022 and reach 6.7% in 2023. The International Monetary Fund , meanwhile believes that the figures will be 6% in 2022 and 7.2% in 2023./. VNA … [Read more...] about Vietnam’s economy expects strong recovery

Reciprocating her sentiment, her Vietnamese counterpart Bui Thanh Son welcomed Wong’s choice of Vietnam as her first Southeast Asian destination since taking office last month. He said her visit would strengthen and boost bilateral relations. Wong will conclude her official visit to Vietnam on Tuesday, the Ministry of Foreign Affairs said in a statement. She said Australia has always valued Vietnam's role in the region and that the new government was committed to further strengthening the strategic partnership with Vietnam. The two ministers agreed that it was important the two countries strengthen cooperation in sectors and industries hit hard by the pandemic like tourism, education, and labor cooperation, as well as traditional areas like trade, investment, defense and security. They also agreed that the two countries would expand collaboration in climate change, green growth, and sustainability. Son wanted Australia to continue contributing to regional cooperation with … [Read more...] about Australia values Vietnam’s partnership, regional role: FM

The Lach Huyen International Port in Hai Phong city. The MoT has asked VMA to consider reducing maritime fees to help firms cover higher fuel costs. (Photo: VNA) Hanoi (VNS/VNA) - The Vietnam Maritime Administration (VMA) has sent a report to the Ministry of Transport (MoT), assessing the possible impact of reduced fees on Vietnamese maritime firms amid mounting fuel prices. The report asserted that adjustments in fees for international transport would have a negligible impact on Vietnamese firms since freight transport between Vietnamese ports and international ports is undertaken predominately by foreign shipping lines. Additionally, maritime fees account for just 7-9 percent of total costs incurred by a vessel engaging in international transport and 3-5 percent in domestic transportation . That means fees reduction is not much of a solution to the problem of mounting petrol bills. “Fuel costs, wages and insurance premiums take up the lion's share in maritime firms’ … [Read more...] about Fee reductions offer little benefit to maritime firms