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Vietnam adjusts flight routes after China's establishment of 6 temporary danger zones Following the announcement of China to establish six danger zones related to the Taipei, Shanghai, and Manila flight information zones, CAAV requested Vietnam Airlines, Vietjet, Bamboo, Pacific, and Vietnam Flight Management Corporation (VATM) to formulate a plan to adjust flight routes to ensure safety. The CAAV said that the Aviation Information Center - Vietnam Flight Management Corporation had reported on China's release of a telegram establishing six temporary dangerous areas. These danger zones are related to the Taipei, Shanghai, and Manila flight notification zones from 4 a.m on August 4 to 4 a.m. on August 7 (international time). At the same time, Taiwan (China) has also released a telegram on the management of air traffic at the boundary of the Taipei flight information area. Under the telegram, all aircraft are prohibited from entering these airspaces for safety reasons. It is … [Read more...] about Vietnam adjusts flight routes after China sets up 6 temporary danger zones

Vietnam has seen rapid growth in e-commerce in recent years, and demand for express delivery services is growing commensurately. (Photo courtesy of J&T Express) HCM City (VNS/VNA) - The growth in the e-commerce market, B2C deliveries and international trade services is expected to drive express delivery services in Vietnam, experts said. Specifically, Vietnam’s express delivery services market was worth 0.71 billion USD last year, and is projected to grow at 24.1% a year to reach 4.88 billion USD by 2030. According to a market report by Acclime Vietnam and Kantar Worldpanel, though Vietnam is less developed than many other e-commerce markets in Southeast Asia, it is one of the fastest growing online economies. It had the fourth highest online gross merchandise value of 13 billion USD in the region last year. Its exceptional e-commerce growth is expected to generate 39 billion USD by 2025, second in the region only after Indonesia, and representing a threefold growth … [Read more...] about Demand for express delivery all set to boom: experts

In its financial report for the second quarter, Apple announced a record revenue of $83 billion, up 2% year-on-year, despite the volatile market situation. "We set June quarter records in the Americas, in Europe and in the rest of Asia Pacific region. We also saw June quarter revenue records in both developed and emerging markets with very strong double-digit growth in Brazil, Indonesia and Vietnam and a near doubling of revenue in India," Cook said during the company’s earnings call late July. He said the company continues to "execute across some significant geographies with low penetration of iPhones between Indonesia, Vietnam and India where we did quite well." The company's strategy is to use its smartphone model to expand its presence, with promotion of other products to follow. "iPhone tends to be the engine for those markets, particularly at the beginning of creating the market there for Apple products." Apple did not specify the growth rate for each region. However, … [Read more...] about Vietnam a market with highest potential: Apple CEO

The daily reference exchange rate for the US dollar is set at 23,178 VND/USD on August 4. (Photo: VNA) Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,178 VND/USD on August 4, up 15 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,873 VND/USD and the floor rate 22,483 VND/USD. The opening-hour rates at many commercial banks increased. Vietcombank listed the buying rate at 23,230 VND/USD and the selling rate at 23,540 VND/USD, both up 40 VND from August 3. Meanwhile, BIDV added 45 VND to both rates, listing at 23,260 VND/USD (buying) and 23,540 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate continues going up on August 4

The daily reference exchange rate for the US dollar was set at 23,174 VND/USD on August 10. (Photo: VNA) Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,174 VND/USD on August 10, down 2 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,869 VND/USD and the floor rate 22,478 VND/USD. The opening-hour rates at many commercial banks also dropped. At 8:27 am, BIDV listed the buying rate at 23,250 VND/USD and the selling rate at 23,530 VND/USD, both down 5 VND from the end of August 9. Vietcombank kept both rates unchanged at 23,220 VND/USD (buying) and 23,530 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate down 2 VND on August 10

Lt. Gen. To An Xo, Chief of the Ministry of Public Security's Office and Spokesman of the ministry, addresses the press briefing on August 3. (Photo: VNA) Hanoi (VNA) - The new version of Vietnam’s passport has complied with regulations and been recognised by most countries in the world, Spokesman of the Ministry of Public Security (MPS) Lt. Gen. To An Xo said on August 3. He made the remark while replying to the media’s question about the embassies of the Germany , Spain, and the Czech Republic recently announcing the temporary suspension of granting visas on the new passport of Vietnam. Speaking at the Government’s regular press briefing, the Chief of the MPS Office noted the new passport has complied with regulations in the 2019 Law on Exit and Entry of Vietnamese Citizens and also met conditions and standards set by the International Civil Aviation Organisation (ICAO). Many countries such as Japan, the Republic of Korea, Switzerland, and Mongolia also do not … [Read more...] about Most countries recognise Vietnam’s new passport: official

Hanoi (VNA) - The following is a list of selected news summaries last weekend by the Vietnam News Agency. Prime Minister Pham Minh Chinh visits Terminal S8 on Cau Giay street of the Nhon-Hanoi Station urban railway. (Photo: VNA) - Elevated sections of the urban railway from Nhon to Hanoi Station must be completed before December 31, 2022 Prime Minister Pham Minh Chinh said at a meeting with contractors and leaders of concerned ministries and Hanoi on August 7. Read full story - Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said when attending a workshop seeking ways to developing this kind of ginseng into a national brand in the central province of Quang Nam on August 6. Read full story -  Vietnamese Ambassador Nguyen Hong Thao has pledged to make more contributions to the progress and development of international law, for peace, … [Read more...] about ☀️ Morning digest August 8

Nguyen Tien Minh on his way to taking bronze at the 31st SEA Games in May. He will be one of three Vietnamese athletes at the BWF Championship later this month. (Photo: VNA) Hanoi (VNS/VNA) - Nguyen Tien Minh will set the record for the most appearances at the Badminton World Federation (BWF) Championship later this month. The top ranked national player will take part in the event for the 13th time since his debut in 2005, one more than the current record held by Chinese legend Lin Dan. Malaysian prodigy Lee Chong Wei took part in 11 championships. Lin, who won five trophies, and Lee, who entered four final matches, retired in 2019 and 2020, respectively. Minh is one of 54 male athletes at the tournament which will be held in Japan from August 22-28. The world No 72 seed will come back to Tokyo's Metropolitan Gymnasium one year after he competed at the Summer Olympics, where he failed to advance to the knockout round. The 39-year-old from Ho Chi Minh City will be … [Read more...] about Minh to take record of most appearances at badminton world championship

Initiatives applied in Hanoi's hospitals have contributed to improving the quality of healthcare and treatment services. Initiatives and technical improvements at hospitals in Hanoi have led to a radical transformation of medical examination and treatment, according to Chairwoman of the Hanoi health sector’s Trade Union Trinh To Tam. Tam said the initiatives applied in Hanoi's hospitals have contributed to improving the quality of healthcare and treatment services and patient satisfaction as well. Hanoi Obstetrics and Gynecology Hospital is one of these hospitals having gained significant achievement in healthcare service thanks to initiatives given by its staff. Do Hong Thanh, deputy head of the Quality Management Department under Hanoi Obstetrics and Gynecology Hospital, said the hospital annually launched a movement encouraging its staff, doctors and nurses to come up with great ideas for healthcare quality improvement. Initiative to improve mobility aids … [Read more...] about Initiatives lead to changes hospitals in Hanoi

Industrial real estate attracts foreign investors via the M&A method Acquiring a well-established local entity is a preferable market-entry strategy for many foreign companies, particularly in the industrial real estate market. What are domestic enterprises’ advantages in attracting foreign industrial real estate developers? In the M&A playground, foreign investors often have an advantage in terms of capital and experience. Meanwhile, the biggest strength of the local side is its insight, which is shown in its overall understanding of policies, the planning of industrial parks (IP), transport infrastructure, and even urban planning around IPs. In addition, they understand the characteristics of each region and the demographic, which will help businesses recruit employees more easily. To establish an IP, it needs the approval of the prime minister and dozens of signatures from various authorities, thus having an insight into policies and flexibility will create … [Read more...] about Industrial real estate attracts foreign investors via M&A