News & Events

Ba Ria-Vung Tau aims to become Southeast Asia’s maritime service centre

2023-02-21 14:30 The southern coastal province of Ba Ria-Vung Tau is aiming to become a gateway to the sea of the Southeastern region and the country, a national marine economic centre, a maritime service centre of Southeast Asia, and an international-class high-quality tourism centre by 2030. Hanoi (VNA) – The southern coastal province of Ba Ria-Vung Tau is aiming to become a gateway to the sea of the Southeastern region and the country, a national marine economic centre, a maritime service centre of Southeast Asia, and an international-class high-quality tourism centre by 2030. The targets are set in the province’s master planning scheme for the 2021-2030 period, with a vision to 2050, which was recently approved by the planning scheme appraisal council. Pham Viet Thanh, Secretary of the provincial Party Committee, said that under the planning scheme, in the 2021-2030 period, Ba Ria-Vung Tau focuses on carrying out development breakthroughs, including completing regional and inter-regional connectivity routes, developing a seaport system, forming a national-level logistics centre, and establishing a free trade area in Cai Mep Ha. The province also works to form tourism urban areas with the aim of turning it into an entertainment and resort centre of international standards, and establish hi-tech industrial parks to attract investors and human resources in advanced production industries. By 2050, Ba Ria-Vung Tau will continue modernising its infrastructure system, with focus on Bien Hoa-Vung Tau railway, metro lines connecting urban areas, and a monorail system linking coastal tourism urban areas from Vung Tau city to Binh Chau hot mineral spring, Thanh added. Minister of Planning and Investment Nguyen Chi Dung, head of the appraisal council, asked Ba Ria-Vung Tau whose economy is mainly based on oil and gas exploitation, to exert more efforts to develop urban areas, high-value industries, and new economic sectors [...]

News & Events

Ba Ria-Vung Tau aims to become Southeast Asia’s maritime service centre

2023-02-21 14:30 The southern coastal province of Ba Ria-Vung Tau is aiming to become a gateway to the sea of the Southeastern region and the country, a national marine economic centre, a maritime service centre of Southeast Asia, and an international-class high-quality tourism centre by 2030. Hanoi (VNA) – The southern coastal province of Ba Ria-Vung Tau is aiming to become a gateway to the sea of the Southeastern region and the country, a national marine economic centre, a maritime service centre of Southeast Asia, and an international-class high-quality tourism centre by 2030. The targets are set in the province’s master planning scheme for the 2021-2030 period, with a vision to 2050, which was recently approved by the planning scheme appraisal council. Pham Viet Thanh, Secretary of the provincial Party Committee, said that under the planning scheme, in the 2021-2030 period, Ba Ria-Vung Tau focuses on carrying out development breakthroughs, including completing regional and inter-regional connectivity routes, developing a seaport system, forming a national-level logistics centre, and establishing a free trade area in Cai Mep Ha. The province also works to form tourism urban areas with the aim of turning it into an entertainment and resort centre of international standards, and establish hi-tech industrial parks to attract investors and human resources in advanced production industries. By 2050, Ba Ria-Vung Tau will continue modernising its infrastructure system, with focus on Bien Hoa-Vung Tau railway, metro lines connecting urban areas, and a monorail system linking coastal tourism urban areas from Vung Tau city to Binh Chau hot mineral spring, Thanh added. Minister of Planning and Investment Nguyen Chi Dung, head of the appraisal council, asked Ba Ria-Vung Tau whose economy is mainly based on oil and gas exploitation, to exert more efforts to develop urban areas, high-value industries, and new economic sectors [...]

Bright future for wood pellet exports: experts

2023-02-01 16:56 With the trend of green consumption, the demand for wood pallets will continue to rise in the future, experts said. Hanoi (VNA) – With the trend of green consumption, the demand for wood pallets will continue to rise in the future, experts said. According to Nguyen Thanh Phong, chairman of Phu Tai Bioenergy JSC in the south central province of Binh Dinh, Vietnam currently has more than 80 companies specialising in the production and export of wood pallets. Companies located in the central region mainly export their products to the Japanese market, while those in the south ship to the Republic of Korea. The Russia-Ukraine conflict has disrupted the gas supply from Russia to European countries, thus providing a chance for wood pallets from Vietnam to enter the European market, he told Nong Nghiep Viet Nam [Vietnam Agriculture] newspaper. Phong said in the long term, Vietnamese companies plan to use other input materials than wood from planted forests, adding that they plan to use elephant grass, a tufted perennial grass that can grow in stands up to 4m high, as a raw material in the production of woodchips, he said. He went on to say that if elephant grass is effectively used as a raw material for the production of wood pallets, the industry will no longer worry about the raw materials and farmers’ income will be improved as well. Masayoshi Pelle Ito, deputy director of the energy and chemical division of Itochu Vietnam Co. Ltd, said the exports of wood pellets to Japan have increased in recent years. In 2021, Vietnam exported 1.6 million tonnes of wood pellets to Japan and the figure rose to 2.5 million tonnes last year. It is expected to reach 4-5 tonnes from 2025, he said. Masayoshi noted that the world tends [...]

Tet Holiday – Vietnam Traditional Lunar New Year

Tet Holiday – Tet Nguyen Dan, more commonly known by its shortened name Tet. It is the most important and popular holiday and festival in Vietnam. It is the Vietnamese New Year marking the arrival of spring based on the Lunar calendar. The name Tet Nguyen Dan is Sino-Vietnamese for Feast of the First Morning. Tet Holiday is coming so let’s take a look at some traditions and customs of this special holiday in Vietnam. Tet Holiday 2023 The dates of the Lunar New Year differ every year but it generally takes place around late January or February. This year, under the plan from the government, officials, civil servants, and workers of public agencies will begin their 2023 Tet holiday from January 20 (the 29th day of the 12th lunar month) to January 26 (the fifth day of the first lunar month). And so does DAITRANS.,JSC Let’s meet up again in the new year of 2023, with hope, peace, and happiness. People consider Tet Holiday the best occasion for family members to return home and get together. During Tet, Vietnamese spend time shopping for the New Year and going to Pagodas and Temples. The items of shopping range from food to clothing to decorations for the house. The Vietnamese believe that Tet Holiday is an occasion to enjoy life after a full hard-working year. Thus people forget their struggles and focus on making the celebration as festive as possible. Due to the high regard in which people hold it, Tet is unique, with distinctive colors and flavors. Family meal on Tet holiday Food Banh chung (Sticky square cake) Banh Chung is a food that they make from glutinous rice, mung bean, and pork, added with many other ingredients. It is covered by green leaves and symbolizes the Earth, invented by [...]

2023-01-02 00:27 Logistics services grow by 15% in 2022 Members of the Vietnam Logistics Business Association (VLA) recorded a business growth rate of about 15% this year, contributing to the country’s all-high trade value of 732 billion USD. Hanoi (VNA) – Members of the Vietnam Logistics Business Association (VLA) recorded a business growth rate of about 15% this year, contributing to the country’s all-high trade value of 732 billion USD. As of December 30, VLA admitted additional 128 members, bringing its total membership to 659. This year, VLA sent over 20 documents to State management agencies, detailing proposals such as waiver and reduction of seaport fees in Ho Chi Minh City and the northern port city of Hai Phong. As a result, the two localities adopted the policy for each case. Via forums of the National Steering Committee on ASEAN Single Window, National Single Window and Trade Facilitation (Committee 1899), the Government also recognised the need to turn logistics into a national competitive. The VLA also initiated a scheme to develop a fleet of international container ships to ease dependency on foreign ship operators, given that about 90% of Vietnam’s export-import goods are via waterway and over 90% of them are carried by foreign vessels. Recently on December 29, the Saigon Newport Corporation and Vietnam Maritime Corporation welcomed Container Tan Cang Foundation container ship to the Mekong Delta city of Can Tho from Hai Phong city, showing their efforts to launch regular ship services between the two cities, contributing to reducing logistics costs and opening up a new development way for export-import in the Mekong Delta. Also for the first time this year, VLA has embarked on a project to improve logistics capacity at the provincial and municipal level. It also actively held and attended many forums on logistics and [...]

Vietnam’s new import-export revenue record set

2022-12-15 14:42 Vietnam’s total import-export revenue hit 700 billion USD so far this year, exceeding last year’s record of 600 billion USD, reported the General Statistics Office (GSO). Hanoi (VNA) – Vietnam’s total import-export revenue hit 700 billion USD so far this year, exceeding last year’s record of 600 billion USD, reported the General Statistics Office (GSO). The office said that the country continues to enjoy a trade surplus that has maintained since 2012 (except for 2015 when the country suffered a deficit of 3.55 billion USD). In the first 11 months of this year, Vietnam posted a trade surplus of 10.68 billion USD, of which the foreign-invested sector earned 468.7 billion USD, up 12.1% year on year. According to the GSO, over the years, the US has been the largest export market of Vietnam, while China is the largest import market. At the end of November, Vietnam exported 101 billion USD worth of goods to the US, a year on year rise of 17.7%. Meanwhile, it imported 109.46 billion USD worth of products from China, up 10%. Experts attributed the results to the effective implementation of institutional and administrative reform which has created a fair, smooth and transparent business environment and offered a favourable conditions for the business community. Data from the World Trade Organisation showed that in 2006, the Vietnamese economy ranked 50th in the world in terms of export and 44th in import. The rankings rose to 26th and 23rd, respectively, in 2018. Since then, Vietnam has been among the world top 30 countries in the fields. Among the ASEAN countries, Vietnam ranks the second in both imports and export, only after Singapore in 2021. In the 2002-2021 period, Vietnam’s total import-export revenue reached 5.14 trillion USD, with 4.11 trillion USD recorded in 10 years from 2012 [...]

Germany Lufthansa Cargo debuts Ho Chi Minh City flight

2022-11-24 16:39 Lufthansa Cargo, a Germany Cargo airline, has added a freighter service between Frankfurt/Main and Ho Chi Minh City in its new winter schedule. After a test phase over the summer, the airline will fly a Boeing 777F weekly to Ho Chi Minh City. It will depart every Thursday from Frankfurt/Main, heading for Ho Chi Minh City through Mumbai, and will finally terminate at Hong Kong. Vice President for Asia-Pacific at Lufthansa Cargo Frank Naeve expressed his delight about Vietnam’s stable air demand. “We are proud to have built up excellent relationships with our clients in Vietnam, which we will now be further cultivating with the fixed freighter connection,” he said. He added that the carrier would work to make its network in the Asia-Pacific region more attractive to customers. Boeing 777F is a long-range, wide-body aircraft developed from the Boeing 777-200LR jet. It can fly up to 9,070 kilometres with a full payload of 102 tonnes. Lufthansa had five Boeing 777F planes on order in 2011.-VNA

Top 10 countries and territories investing in Vietnam

2022-11-19 0 09:09 FDI exceeds 22.46 billion USD in the first 10 months of 2022. Among the invested sectors, manufacturing and processing industry comes on top, followed by real estate and then wholesale and retail sectors. Top 10 countries for investment in Vietnam are listed as follows