Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to 5.05% of the previous quarter. That was quicker than the median estimate for a 5.9% gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42% from a year ago, beating the GSO’s forecast for a 5.5% pace. The government targets full-year growth at 6%-6.5%. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, … [Read more...] about Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg
Vietnam china border crossing
MTA Vietnam: An exhibition of interest to the engineering and manufacturing community
Always an alluring event for the engineering and manufacturing community On its 18 th return, MTA Vietnam 2022 - a prestigious international exhibition on machine tools, precision mechanics, and metalworking - will take place over four days from July 6 to 9 at the Saigon Exhibition and Convention Centre, 799 Nguyen Van Linh Road, District 7, Ho Chi Minh City. This exhibition is expected to provide value and interesting experiences for individuals and enterprises in the engineering and manufacturing industry. MTA Vietnam allures many enterprises and groups During their visit to the MTA Vietnam 2022 exhibition, attendees will have the opportunity to meet more than 250 prestigious exhibitors from within the country and 12 other nations and territories around the world that are considered the powerhouses of advanced technology such as Germany, the US, the UK, Japan, South Korea, Sweden, Switzerland, China, Singapore, Taiwan, Thailand, and Hong Kong, among … [Read more...] about MTA Vietnam: An exhibition of interest to the engineering and manufacturing community
Vietnam attends Turkey security, defence expo
Lieutenant General Phung Si Tan (right), Deputy Chief of the General Staff of the Vietnam People's Army, attends security and defence exhibition SEDEC 2022 in Ankara from June 28 – 30. (Photo: qdnd.vn) Hanoi (VNA) – Lieutenant General Phung Si Tan, Deputy Chief of the General Staff of the Vietnam People's Army, attended security and defence exhibition SEDEC 2022 in Ankara from June 28 – 30. The SEDEC, one of the largest of its kind in Western Asia, is held biennially under the patronage of the Turkish Presidency of Defence Industries (SSB). This year’s event brought together more than 300 exhibitors in defence and security industries from 51 countries. It featured not only exhibitions but also symposiums in domestic security, border security, information and cyber security as well as business meetings. On his trip, Tan met with SSB head Ismail Demir and head of SEDEC 2022 organising committee Hilal Unal to learn Turkey ’s experience in holding international defence … [Read more...] about Vietnam attends Turkey security, defence expo
Vietnam court sentences four to death for transporting, trading 45kg of narcotics
The People’s Court in Dong Nai Province, southern Vietnam on Thursday sentenced four people to death for illicitly transporting and trading 45 kilograms of drugs. The death penalty was handed down to Vo Anh Dat, 42, Dang Xuan Anh, 49, Nguyen Hoa Hiep, 36, and Hoang Trung Hau, 35. They were convicted of the illegal transportation, trading, and possession of narcotics. The fifth defendant, 32-year-old Truong Tan Dat, received a two-year prison term for the illegal possession of narcotics. The indictment showed that Vo Anh Dat visited an area near Cau Treo Border Gate in north-central Ha Tinh Province in September 2021 to buy VND5 billion (US$214,800) worth of drugs from a Laotian man. The narcotics, which included 40 kilograms of crystal meth and five kilograms of ketamine, were expected to be sold to Bui Thien Nhan in Ho Chi Minh City for VND11.3 billion ($485,500), according to Dat and Nhan’s deal. On September 29, Dat brought the drugs to Dong Nai Province and gave them … [Read more...] about Vietnam court sentences four to death for transporting, trading 45kg of narcotics
Vietnam’s labor ministry requests support for Vietnamese victims in toxic gas leak in Jordan
The Vietnamese Ministry of Labor, War Invalids, and Social Affairs has recently asked relevent agencies and businesses to provide support for five Vietnamese nationals who were killed and seven others injured by chlorine gas released by a dropped tank at Jordan’s Port of Aqaba on Monday. The Vietnamese victims had been working on the Hong Kong-registered Forest 6 vessel when the chlorine tank fell from a crane onto its deck, said the Vietnamese Embassy in Saudi Arabia concurrently with Jordan on Wednesday. The Department of Overseas Labor has requested companies that have provided seafarers to the ship to urgently supply necessary support to the wounded crew members and the families of the dead in the accident. Agencies concerned will announce the names and other details of the Vietnamese victims in the toxic gas blast, the department said, adding that any wounded victim wishing to be repatriated should be supported by the companies in conjunction with relevant agencies. These … [Read more...] about Vietnam’s labor ministry requests support for Vietnamese victims in toxic gas leak in Jordan
HCMC seeks to build Vietnam’s largest port in Can Gio
In a statement sent to Prime Minister Pham Minh Chinh on Thursday, HCMC Chairman Phan Van Mai said the city has received a proposal from Terminal Investment Limited (TIL), the second-largest container carrier in the world, to build the port in Can Gio. TIL, owned by Switzerland-based Mediterranean Shipping Company, has signed a framework agreement with HCMC on cooperation in the field of seaport infrastructure development and logistics services in the city. As proposed by TIL, the port in Can Gio will have a dock of more than seven kilometers long to receive 24,000-twenty-foot equivalent unit (TEU) containers, the world’s largest, with a throughput capacity of 10-15 million TEUs per year. The transshipment port is expected to be built through seven stages and the investor, TIL, wishes to start work on the first phase in 2024 for operation four years later. The entire port will be finished in 2040, it plans. Once completed, Can Gio Port will replace Cat Lai Port in HCMC’s Thu … [Read more...] about HCMC seeks to build Vietnam’s largest port in Can Gio
Elected bodies of HCM City, Shanghai foster partnership
Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung addresses the meeting (Photo: VNA) HCM City (VNA) – Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung and Vice Chairman of the Standing Committee of China's Shanghai Municipal People Congress Chen Jing had an online meeting on June 30 to discuss orientations to promote the partnership between their elected agencies. Dung affirmed that the meeting shows HCM City’s determination and hope to maintain the friendly and cooperative partnership between the two cities. Briefing the Chinese official on the socio-economic situation of the city, Dung said he hopes Shanghai will continue to organise short-term training courses for HCM City officials and share experience in areas of mutual interest. He briefed the Chinese official on major activities of the HCM City People’s Council, especially measures to speed up the socio-economic recovery and development after COVID-19 , and … [Read more...] about Elected bodies of HCM City, Shanghai foster partnership
Vietnamese manufacturing continues solid improvements
The bright spot in the latest PMI survey was employment, which increased at the fastest pace in three and a half years. The Vietnam's Manufacturing Purchasing Managers' Index (PMI) posted 54.0 in June, down slightly from 54.7 in May but still signaling a solid monthly improvement in the health of the sector. Electronics production at Katolec Vietnam, Quang Minh Industrial Park, Hanoi. Photo: Pham Hung A reading below the 50 neutral marks indicates no change from the previous month or even contractions, and above 50 points means an expansion, according to S&P Global. “The Vietnamese manufacturing sector ends the first half of 2022 in good health, with firms feeling that they've seen the back of the pandemic cane to generate new business at a solid rate,” said Andrew Harker, economics director at S&P Global. "The main positive from the latest PMI survey was around employment, which increased at the fastest pace in three-and-a-half years. This shows … [Read more...] about Vietnamese manufacturing continues solid improvements
Tropical storm Chaba picks up strength as it moves northwest
Tropical storm Chaba, the first storm to affect Vietnam this year, is gathering strength, with wind speeds near its centre reaching 89-102 kilometres per hour. According to the national weather service, the system was located at 400 kilometres east-southeast of China’s Hainan Island at 7am on July 1. Chaba is forecast to travel in a northwest direction for the next 24 hours at a speed of 15 kilometres per hour and is likely to strengthen further, packing winds of 103-117 kilometres per hour. At 7am on July 2, the tropical storm will be located about 370 kilometres east-southeast of Quang Ninh Province, before continuing northwest and to make landfall in the southeast of China’s Guangxi Province the following day. Strong winds and high waves are expected in the northern waters of the East Sea/South China Sea, including the Hoang Sa (Paracel) Islands, while coastal provinces from Quang Ninh to Ninh Binh face the risk of storm surges inundating low-lying areas. Chaba is … [Read more...] about Tropical storm Chaba picks up strength as it moves northwest
Engineering cadets save person’s lives
In particular, while practicing crossing river with inflatable lifeboats near Phu Cuong bridge on the Saigon River, which borders Ho Chi Minh City and Binh Duong province, cadres and cadets from the Department of Engineering and River-crossing Tactics of the school heard calls for help. Spotting a person struggling against the waters after falling down from the bridge, engineering cadres and cadets promptly rowed the lifeboats to reach the victim. They later succeeded in saving victim named T.V.P. born in 1992, a resident in Thoi Binh district, Ca Mau province and taking him ashore safely. The victim was then handed over to the police of Binh My commune in Cu Chi district, Ho Chi Minh City. Translated by Mai Huong … [Read more...] about Engineering cadets save person’s lives