Transportation companies

VinAI Research Founding Director & CEO Bui Hai Hung presents flowers to speakers, and partners accompanying AI Day 2022 (Photo: VNA). Hanoi (VNA) – Artificial Intelligence (AI) Day 2022 officially opened in Hanoi on August 26, attended by both leading Vietnamese and foreign AI experts. The two-day event is organised by VinAI Research - the tech arm of Vingroup, the biggest conglomerate of Vietnam, with the support of the Ministry of Science and Technology, and the National Innovation Centre. It brings together leading researchers, policymakers and practitioners from all over the world to exchange on how AI is transforming societies, economies, and the environment. Under the theme of ‘Empower the Future’, AI Day 2022 features three tracks: AI for Global Equality, AI for Sustainable Development, and AI for Safety. Specifically, during the discussion on AI and Sustainable Development, speakers analyse the social and environmental impacts of designing, developing and … [Read more...] about AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam

A Vietjet aircraft. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. — VNA/VNS Photo Vietjet Air saw an impressive recovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175 per cent in net revenue to VND7.35 trillion (US$313.4 million), and earned profit of VND902 billion in the last quarter of 2022. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. It also contributed over VND4.3 trillion worth of direct and indirect taxes, fees and charges to the State budget. Last year, the carrier transported 20.5 million passengers aboard 116,000 flights, in which domestic transport increased by 20 per cent compared to 2019 before the COVID-19 pandemic broke out. Vietjet opened more than 20 new routes in 2022, mainly to the Indian market. As of December 31, 2022, Vietjet had operated a total of 103 routes. In 2023, Vietjet expects high revenue … [Read more...] about Vietjet reports over VND900 billion in profit in Q4/2022

Khang, a durian trader in the southern city of Can Tho, said that he has not been able to buy enough quantity to sell to domestic buyers, as farmers are only willing to sell at high prices. "In Can Tho, one kilogram costs VND150,000 but there is little supply," said Khang. "This price level is uncommonly high." Hanh, a trader in Tien Giang who sells to Chinese buyers, said that she has been busy going to farms and paying high rates. She says she is even willing to pay commissions to those who introduce her to new farms. Local farmers say that durian prices in southern Tien Giang province range from VND120,000 to VND190,000, a triple increase year-on-year. Traders sell to Chinese buyers at even higher prices, from VND170,000 to VND290,000. They say that demand from China has surged several times from previous years. Traders need to gather hundreds of tons each day to deliver to China but supply can only meet 30% to 50% of their needs. Linh in Tien Giang can buy only around … [Read more...] about Durian prices surge as demand from China jumps

Consumers in the UK have been increasingly keen on Vietnam’s rice, especially after ST25 was honored as the best rice variety in the world in 2019, Nguyen Canh Cuong, trade counselor at the Vietnamese Embassy in the UK, told Tuoi Tre (Youth) newspaper. UK companies have paid much attention to Vietnam’s rice due to a higher demand in their country and incentives in the UK-Vietnam Free Trade Agreement (UKVFTA). In particular, the UK has waived the import tariff on Vietnam’s fragrant rice instead of imposing a 17.4-percent tax rate as earlier. Vietnam’s rice value on the rise According to statistics from the Vietnam Trade Office in the UK, the European country’s rice imports from Vietnam rose in 2020 and 2021. In 2020, before the UKVFTA took effect, Vietnam’s rice exports to the UK surged to some 3,400 metric tons worth US$2.67 million from nearly 1,300 metric tons in the previous year. Vietnam’s rice exports to the UK fell 20 percent in volume but inched up four percent … [Read more...] about Vietnam’s rice increasingly preferred in UK