Year end marketing report

Revenue of the passenger transport operator hit nearly VND600 million in the third quarter of this year, down 98 percent compared to the same period of 2020. Suspending operations during the social distancing order, the company mainly survived by collecting service fees for cargo vehicles at the terminal. During January-September, revenue dropped by 38 percent to more than VND50 billion, equivalent to one-third the 2021 plan. Post-tax profit recorded a decrease of 67 percent to nearly VND14 billion, equivalent to one-fourth the profit target. In a recent move, Ho Chi Minh City plans to reopen inter-provincial buses from November to meet the demand of workers returning to the city, a hub of industrial and processing parks. However, passenger transport routes are required to operate 50 percent of the frequency, gradually increasing as scheduled. Previously, the inter-provincial passenger transport service had suffered seriously from the high-Covid-risk city’s decision on …

[Read more...] about Mien Tay Bus Station reports first loss

Vietnam’s business hub Ho Chi Minh City will first resume interprovincial tours from November 1 before re-launching international tourism activities in early 2022, according to its plan for tourism recovery from COVID-19. The plan has been launched as the southern city and the country in general are loosening strict COVID-19 restrictions to resume socio-economic activities under ‘new normal conditions,’ a phrase the Vietnamese government uses to describe its new strategy of living safely with the coronavirus. Accordingly, the tourism recovery will follow a three-phase roadmap that requires strict compliance with epidemic prevention measures. In the first phase, which lasts from now to October 31, the city will reopen local tourism activities in “green zones”, meaning areas without known COVID-19 infection cases. People can select tours organized by travel companies or go by themselves to destinations in districts where the pandemic has been put under control. Hotels and …

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At COVID-19 checkpoints in the Border Posts of Yok Don, Bo Heng, and Serepok, the delegation was briefed on the units’ task performance over the past time. Reportedly, the units have strictly managed border areas, preventing illegal border crossings, and maintaining the observance of the pandemic prevention and control regulations. Since the end of July 2021, the units have registered for 1,031 people and 626 vehicles in and out of the border areas. On behalf of the delegation, Senior Colonel Tran Ngoc Huu hailed the considerable efforts and responsibility of the troops in performing their dual tasks, asking them to strictly embrace directions of higher levels on border management and protection and COVID-19 prevention and control. They should also grasp situations in the areas and care for troops’ life. On this occasion, the delegation presented gifts to encourage troops to overcome difficulties during performing COVID-19 prevention and control tasks in the border areas. …

[Read more...] about COVID-19 prevention and control inspected in Dak Lak province

Products exported to the U.S. would take over three weeks to be transported, and another three to be put into storage as only half of the workforce is available due to the pandemic. For products exported to China, the time it takes to do so is around 7-8 days instead of the usual 4-5. Such delayed customs clearance have affected the costs and quality of exported products, Nguyen Dinh Tung, director of the Vina T&T company, said at a meeting on agricultural product sale on Saturday. Port congestion in both Vietnam and around the world is severely impacting exports, Tung said. Prolonged transportation time has also caused imported products to be spoiled, he added. Personnel working at ports, both in Vietnam and around the world, is being limited to 50 percent, causing export delays. Increased booking cancellation rates by shipping companies has also been a problem. The Covid-19 situation in the south has also caused shipping companies to cut down the number of voyages to …

[Read more...] about Port congestion impedes agricultural exports

A SkyX Solar project in Dong Nai. With EDF Renewables as a strategic partner, SkyX Solar plans to invest $100 million in the next two to three years to develop 200MWp of rooftop solar power systems in Viet Nam. VinaCapital Group, one of Viet Nam’s leading investment management companies with over US$3.7 billion in assets under management, announced on October 14 that EDF Renewables, an international leader in renewable energy, has made a significant investment in its subsidiary SkyX Energy, the holding company of SkyX Solar, a rooftop solar power developer. SkyX Solar, which has around 30 MWp of solar projects in operation, plans to invest more than $100 million to further develop 200MWp of rooftop solar. Don Lam, co-founder and CEO of VinaCapital, said: “A few years ago we recognised the critical role that clean energy will play in powering Viet Nam’s continued growth and development. The launch of SkyX Solar in 2019 is just one of our initiatives in the sector, and in a very …

[Read more...] about EDF Renewables invests in VinaCapital rooftop solar subsidiary

The public administrative centre of Yen Bai province (Photo: VNA) Hanoi (VNA) – The revenue to the state budget in the first 9 months of this year amounted to 1,084.7 trillion VND, representing 80.75 percent of the projection and an increase of 10.75 percent over the figure recorded in the same period last year, according to the Finance Ministry. Meanwhile, the expenditure from the state coffer was estimated at 116.3 trillion VND, with the fight against the COVID-19 pandemic being prioritised. By the end of September, 29.1 trillion VND from the state budget was spend on the fight and support to those adversely affected by the pandemic. Despite the serious impacts of the pandemic, the revenue still increased year on year thanks to the economic growth momentum in the last month of last year, the ministry said. For the rest of the year, the ministry will continue accelerating administrative procedure reforms on taxation, simplifying business conditions, and joining …

[Read more...] about Revenue to state budget increases over 10 percent

Vietnamese Party chief Nguyen Phu Trong addresses measures to enhance friendship and cooperation between China and Vietnam during his ongoing official visit to Beijing from January 12 to 15. General Secretary Trong spoke with General Secretary of the Communist Party of China and Chinese President Xi Jinping following his arrival in Beijing on Thursday evening, the Vietnam News Agency reported. President Xi warmly welcomed the Vietnamese Party chief on the latter’s first China visit since the 12th Party Congress, saying the visit is a crucial step in deepening the Vietnam-China relationship. The Chinese leader stated that his country attaches significant importance to its ties with Vietnam and underlined its willingness to work with the Vietnamese Party, State, and people to strengthen the two nations’ bilateral cooperation and comprehensive strategic cooperative partnership. Replying to his host, General Secretary Trong affirmed that Vietnam has always respected its …

[Read more...] about Vietnam, China to cement friendship, bilateral cooperation

Workers bury cables in Ha Noi. — VNA/VNS Photo The capital city of Ha Noi plans to bury telecommunications and electricity cables on 300 streets in 11 districts and towns by 2025, reported the municipal Department of Construction. Since the beginning of the year, the city has completed construction of underground cable infrastructure on 13 streets, located in districts of Hoan Kiem, Ha Dong and Cau Giay, bringing the total number of routes completed to 187. The Department of Construction will continue to bury 58 lines in the last months of the year. However, the department said that the work might still face obstacles because of a lack of labour due to the COVID-19 pandemic. VNPT Group, Viettel Group, MobiFone Corporation and Ha Noi Electricity Corporation have committed to support Ha Noi in deploying synchronous underground telecommunications lines and medium and low voltage power lines along streets in line with the capital's socio-economic development master plans. — VNS …

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