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BUSINESS
IN BRIEF 17/10
Q3 growth
rises faster than expected, says ANZ
The economic growth
rate of
ANZ forecast
Growth in the
medium term is expected to stay below long-term average with both the IMF and
ADB forecasting 5.5% growth in 2014, and the World Bank expecting growth a
tad lower at 5.4%.
With inflation
still on a downward path, price savvy consumers may be delaying purchases in
anticipation of even lower prices, said ANZ.
According to the
bank, the industrial production (IP) index is expanding slower than the
expansion over the same period in 2013. However, the recovery in the
Purchasing Managers’ Index (PMI) to 51.7 in September (Aug: 50.3) remains
supportive of the manufacturing sector.
Credit growth will
likely accelerate through Q4. Loan growth reached 7.26% as of end September,
from 4.33% in the previous month. Despite the subsequent rise in rates,
liquidity is still supportive of economic activity, ANZ predicted.
Regarding foreign
direct investment (FDI), ANZ reported that as of September 20, there were
1,152 newly approved projects that brought in more than US$7.64 billion in
registered pledged capital. Some 417 existing projects received additional
funding worth US$3.54 billion, taking total FDI to US$11.18 billion. FDI into
manufacturing is still taking the lion’s share, keeping the outlook on
exports promising, the bank noted.
Vung Ang 3
Thermal Power Plant to be constructed
The General
Department of Energy (GDE) and Samsung C&T Company on October 14 signed a
memorandum of understanding on developing Vung Ang Thermal Power Plant 3’s
build–operate–transfer (BOT) project.
The GDE said the
plant, with a capacity of 1,200MW and 2 generator groups, will be built at
Vung Ang Industrial Zone in Ha Tinh province.
It is expected to
put the first generator into operation in January 2022 and the whole plant in
July 2022.
Samsung C&T
Deputy General Director Joon Suk Choi said this is the first thermal power
project that Samsung invested in
Int’l
textile industry exhibition to open in HCMC
The 14th Vietnam
International Textile and Garment Industry Exhibition (VTG 2014) will take
place in
The event, to be
held at the Tan Binh Exhibition & Convention Centre (TBECC), is expected
to attract more than 360 domestic and foreign enterprises from 10 countries
and territories including Hong Kong, India, Japan, the Republic of Korea,
Singapore, Taiwan, Turkey, the US, China, and host Vietnam.
Within the
framework of the event, a wide range of seminars and meetings between textile
suppliers and enterprises will also be held.
VTG 2014 will
create opportunities for Vietnamese enterprises to exchange experiences,
improve their competitiveness and seek new business partners.
The exhibition is
co-organised by Vietnam National Trade Fair & Advertising Joint Stock
Company (VINEXAD), the Association of Garments, Textiles, Embroidery and
Knitting (AGTEK), and the Vietnam Textile and Apparel Association (VITAS).
Hundreds of
businesses from
At the opening
ceremony on October 15, Hoang Thanh Van, head of the Husbandry Department
under the Ministry of Agriculture and Rural Development, said the event
provides a good chance for domestic and foreign businesses to introduce their
scientific and technological achievements and new technologies in the
livestock industry. It also helps domestic scientists, managers and breeders
share experience and update advanced technologies.
Through the show,
foreign investors will understand more about
M.Gandhi, Managing
Director of UBM Asia Company in Southeast Asia said the exhibition’s theme
“Restructuring the Livestock Industry for Sustainable Development” is in line
with
During the event,
which will run untill October 17, a number of seminars will also be held,
with a focus on hot issues of the livestock industry, such as animal feed
quality management and safety, opportunity and challenges to the meat
processing industry in Vietnam, solutions for epidemics’ challenges, and
productivity improvement through nutrition.
The livestock
industry grew 6-7% annually over the last decade. Its total meat quantity
rose from 1.83 million tonnes in 2000 to 4.33 million tonnes in 2013. The
result can be attributed to application of advanced technology.
Master plan
to boost growth in central economic region approved
The Prime Minister
approved a master plan for socio-economic development in the central key
economic region by 2020 with a view to becoming a dynamic region with rapid,
sustainable growth, thus creating momentum for development in the northern
and coastal central regions.
The central key
economic region comprises Danang city and the provinces of Thua Thien-Hue,
Quang
The plan sets the
regional economic growth rate target at 8% by 2015 and around 9% for
2016-2020. Per capita gross domestic product is to reach VND80 million
(US$3,600) by 2020.
According to the
plan, the localities will develop their marine industries, such as mechanics,
shipbuilding and maintenance. Notably, the petro-chemical industry will
become an economic pillar, making the region one of
More investments
will be made in electronics and information technologies, which are expected
to boost the development of other industries.
At the same time,
major industrial centres will be set up in Quang
Meanwhile, small-
and medium-sized industries, such as construction materials, food processing
and traditional crafts will also be encouraged.
Under the master
plan, the central key economic region will tap into its tourism potential and
become part of the domestic and Southeast Asian tourism network, which will
also include
The target
localities will focus their tourism industry on cultural heritage and
historical sites, such as
Famous car
brand names to be showcased in VN
The 10th Vietnam
Motor Show 2014 (VMS 2014) will take place at the Saigon Exhibition and
Convention Centre (SECC) in
The show’s
organising board announced at a press conference in the city on October 15
that the event will showcase numerous world’s well-known car brand names,
such as Ford, GM (Chevrolet), Hino, Honda, Mercedes-Benz, Suzuki, Toyota,
Mitsubishi, Fuso, Audi, BMW & Mini Cooper, Land Rover& Jaguar,
Porsche, Nissan & Infiniti, and Lexus.
Latest models and
innovative technologies which are environmental friendly and convenient for
customers will be introduced.
Covering 12,000
square meters, VMS 2014 is an opportunity for car makers to expand their
business, contributing to the development of
The show is
expected to draw more than 150,000 visitors.
AEON to
cooperate with Fivimart and Citimart
Japanese retail
giant AEON recently announced plans to cooperate with Vietnamese leading
supermarket retailers Fivimart and Citimart.
Fivimart and
Citimart operate a series of 15 and 26 stores respectively throughout
According to
In the initial
stages, through the two businesses, AEON will sell its food and consumer
goods under the top value brand and coordinate with local businesses to
develop products.
The move will also
help AEON set up a consumption network of goods and reduce the amount of
initial capital outlay while simultaneously laying the groundwork for a plan
by Aeon to construct a series of shopping malls in
Platform
supports Japanese SMEs operating in Vietnam
The Vietnam-Japan
Business Association (VJBA) organised a forum to support Vietnamese and
Japanese small- and medium-sized enterprises (SMEs) in
The forum, the
first of its kind, served as a bridge for the two countries’ SMEs to boost
their collaboration.
In addition, it
provided Japanese businesses with useful information on
According to VJBA
Chairman Dinh Ngoc Hai,
Since small- and
medium-sized enterprises differ significantly from large corporations, there
is a need for Vietnamese authorities to develop more effective approaches
towards SMEs, he said.
Official government
statistics show that
MoIT offers
advice over African deals
The Ministry of
Industry and Trade (MoIT) recently proposed measures that Vietnamese
companies should take to avoid risks whenever they were seeking business
opportunities in
The measures were
made following several instances where African companies received payments
from Vietnamese importers but failed to deliver the purchased products.
The ministry urged
Vietnamese companies to limit market information research and transactions
with clients on the Internet. The companies should instead be actively
seeking business opportunities using official websites such as
www.vietnamexport.com and www.moit.gov.vn, the ministry's e-portal.
They should also
contact the ministry's Africa department, the West Asia and
Regarding payment
methods, the ministry warned that companies should refrain from using the
practice of Document Acceptance (D/A) with African clients, as exporters
could risk losing goods.
Vietnamese
companies should also ask their partners to use irrevocable letters of credit
opened at prestigious banks whenever making payments and limit the use of
deferred payments. If the Document Against Payment (D/P) method is used,
Vietnamese companies should ask for deposits to ensure safety, at a rate of
30 per cent.
Products imported
from
Africa is an
important supplier of raw materials for
Deal with
The Viet Nam-Cuba
Inter-Governmental Committee for Economic, Commercial, Scientific and
Technological Co-operation convened its 32nd meeting in
Cuban Minister of
Trade and Foreign Investment Rodrigo Malmierca Diaz noted that during Prime
Minister Nguyen Tan Dung's visit to
To realise this,
both sides had signed a medium-term economic co-operation programme,
identified specific targets and set co-operative orientations for the next
five years towards diversifying economic and trade ties, he added.
Reviewing the
implementation of agreements reached at previous meetings, Minister Malmierca
said that bilateral trade is yet to match existing potential, although good
progress has been made recently.
The Vietnamese and Cuban
Governments, therefore, are determined to lift economic ties to a higher
level and bring them in line with the fine political relations between both
countries, he said.
At the meeting,
Vietnamese Minister of Construction Trinh Dinh Dung reiterated the nation's
consistent stance on supporting the Cuban people's revolutionary cause. He
also highlighted
He said that Cuba's
new economic policies and measures, especially its Foreign Investment Law and
preferential investment policies for the Mariel Special Development Zone
(ZEDM), would lay a firm foundation for attracting foreign investment and
realising the island nation's socio-economic development goals.
Canadian
market offers opportunities
Vietnamese
companies have yet to exploit the full potential of the Canadian market,
which was described as lucrative because of its significant import volume.
At a conference
held in the capital city yesterday, Hoang Van Dung, vice chairman of the Viet
Nam Chamber of Commerce and Industry, said that ever since the two countries
signed a bilateral trade agreement in 1995, trade relations between
Last year,
However, Canada has
yet to be included in the list of Viet Nam's 20 largest export markets and
accounted for less than one per cent of exports, said Zaki Munshi, Project
Manager Asia at TFO Canada, a non-profit non-government organisation that
facilitates access to the Canadian marketplace.
To increase trade
with
The companies
should also make greater efforts to explore the full potential of the seafood
and electronics products segments, Munshi added. He also stressed the
importance of registering companies' business profiles and export offers on
TFO Canada's website, where less than 30 Vietnamese companies were currently
registered.
At the event,
participating Vietnamese companies also learned more about
According to the
Ministry of Industry and Trade's American Market Department, exchanges of
government and business delegations and trade information should be
accelerated.
VN to import
coal in bid to meet demand
The domestic coal
supply still meets the demand, but the country will have to import coal from
2016, according to the Viet Nam National Coal and Mineral Industries Holding
Corporation.
The corporation
said that in the long run, the demand for coal in the domestic market will
rise sharply, especially after 2018 for electricity generation that might
need 50 million tonnes by 2020.
The rising demand
will require the country to import coal. It is estimated that coal imports
will reach a volume of 20 to 30 million tonnes by 2020, the corporation said.
To prepare for the
rising demand, besides signing import contracts with foreign coal suppliers,
the corporation has also planned to co-operate in coal mining with foreign
partners in coal-rich countries in a move to improve the supply of coal in
the future.
The government has
recently approved the inclusion of at least eight projects in the country's
coal industry development planning for 2020 to 2030 to meet the domestic
demand, especially for electricity.
The majority of
Vietnamese coal is mined in the northern region, including Quang Ninh
province, the coal hub, and in the
Businesses,
customs authorities to unite against red tape
The Government is
determined to make custom procedures quick and transparent in line with the
World Trade Organisation Trade Facilitation Agreement (TFA) which
To further promote
the reform of customs administrative procedures, the US Agency for
International Development (USAID), General Department of Viet Nam Customs and
Viet Nam Chamber of Commerce and Industry (VCCI) conducted a seminar on
"Reforming administrative procedures: customs-businesses enforce
agreements to facilitate trade of the WTO."
The workshop aimed
to enhance the understanding of concerned agencies and businesses about the
commitment on TFA, as well as the challenges facing
According to Nguyen
Thi Thu Trang, director of the Centre for WTO-VCCI, tariffs and customs were
the two doors facing all businesses if they wanted to export goods. Therefore,
the reform of these two doors are a particular concern of businesses.
Trang said the
Government had carried out the resolution of problems relating to tariff
barriers through free trade, bilateral and multilateral agreements.
In customs reform,
the highest expectation was that all WTO members would successfully negotiate
the reform of customs procedures. This was an important milestone, she added.
Through this
seminar, businesses are expected to better understand the country's
commitments and benefits under the TFA. From that point, businesses and
customs can work together to reform customs procedures and make their
import-export activities more comfortable.
Nguyen Vinh Quang,
a representative of a State Governance project, said the reduction of paper
work for customs procedures was needed to facilitate trade and economic
development.
If customs
procedures are reduced by one day or 24 hours, it will have a huge impact on
the economy and lead to savings of as much as US$1.6 billion, according to
Quang.
Recently, the
Government issued Resolution 19 to cut the time and cost of customs
procedures and improve the business environment to a level that is at par
with six other countries in the ASEAN region.
According to
Resolution 19, if
Quang expressed
hopes that the implementation of Resolution 19 and TFA business and customs
enforcement task forces would work together to benefit the business community.
A representative
said Viet Nam Customs would continue to actively participate with
stakeholders, state agencies and the business community to implement the TFA
in the most effective manner.
VN
anticipates rice export challenges
The Viet Nam Food
Association (VFA) has predicted 2015 to be a tough year for
At a conference
that the Ministry of Agriculture and Rural Development (MARD) organised in
During the harvest
season for the winter-spring crop,
Next year,
Vietnamese rice exporters will start feeling the pressure of competition,
especially from their Thai counterparts.
The association
also noted that
From now until the
end of this year, the price of rice exports will likely remain at current
levels or see a slight decrease because of easing demand from export markets.
Enterprises under
the VFA are striving to sell all rice bought from farmers while balancing
rice volumes for export in the remaining months of the year and early next
year.
According to the
association, the price of the summer-autumn crop this year has remained high
in the Cuu Long (Mekong) Delta provinces in the absence of a programme for
purchasing rice for temporary stockpile because traders have purchased rice
for export through the border gates to
But the price of
the winter-spring crop could not remain as high as that of the summer-autumn
crop because of unexpected export demand in the early part of next year.
In a worst-case scenario,
the ministry will propose a programme for purchasing rice for temporary
stockpile to the Government to avoid a decline in rice prices in the domestic
market that will affect farmers' profits, the association said.
Reports from the
VFA showed that in the first nine months of 2014,
Domestic rice
producers hope to export 1.4 million tonnes of rice in the last quarter of
2014, bringing the entire annual export volume to 6.3 million tonnes.
This year, the
cultivation area of the southern region, the country's key rice producer, was
estimated to be 4.7 million hectares, with an estimated yield of 27.8 million
tonnes, an increase of 916,000 tonnes against that of last year, according to
figures from the MARD.
Ha
The latest
US$17-million paper factory of Nittoku Company Ltd of
The province has
focused on policies creating favourable conditions for enterprises to attract
FDI, said Nguyen Van Oang, director of the provincial planning and investment
department.
The province is now
in the list of the top 10 provinces which have attracted the largest FDI
nationwide.
Nippon
Paint opens third plant in Viet Nam
Nippon Paint
The plant, situated
on a 60,000sq.m site, has a registered investment capital of $14 million for
the next five years and an annual production capacity of 15,000 tonnes. Up to
500 new jobs will be created, providing a huge boost to the company and the
Vietnamese economy.
"With
automobile and motorcycle manufacturing developing strongly in recent years,
especially in Ha Noi and Vinh Phuc, we are seeing increased opportunities to
meet the needs of customers," said Fujita Tetsuro, chief operations
officer of NIPSEA Management Company.
Nippon Paint Vinh
Phuc (NPVP) plans to support the needs of the domestic automobile and
motorcycle manufacturing industry and enlarge production to encompass coil
coating, general industrial-use coating, heavy-duty coating and other coating
fields.
Vietnamese handicrafts in the spotlight in Argentina
Vietnamese
traditional handicrafts were the feature attraction at the Fourth Handicraft
Trade Fair of the Southern Common Market (MERCOSUR) staged in Puerto Iguazu
from October 8-13.
Speaking at the
event,
He said both
countries were blessed with world beautiful natural wonders, namely Ha Long
Bay in
At a working
session with Ambassador Thao during the event, Misiones Minister of Tourism,
Sergio Dobrusin revealed the Mayor of Misiones Maurice Closs is anticipating
a working visit to Quang Ninh in the near future.
While visiting
Vietnamese pavilions, Mayor of Pureto Iguazu Marcelo Sanchez emphasized the
need to set up cooperative relations among handicraft production businesses.
EU experts share experience in sustainable agribusiness
A scientific
seminar was held in
The event was
co-organised by the Food Agri and Aqua Business Sector Committee (FAASC)
under the European Chamber of Commerce and the EU-Vietnam Business Network.
It provided a clear vision for the agribusiness sector in the context of
The agricultural
sector plays a vital role in the country’s economy, accounting for nearly 20
percent of the gross domestic product (GDP). However, it still faces numerous
major challenges, especially with regard to food security, experts stated
during the seminar.
FAASC President
Gabor Fluit said
Alain Cany, the
Chairman of the Jardine Matheson Vietnam Group, pointed to a reduction in the
number of agricultural investment projects in
He suggested the
country focus on the application of advanced technologies, vocational
training and skills development.
During the seminar,
European and Vietnamese experts discussed measures to enhance the development
of the agricultural sector and ensure sustainable food security.
Public-private
partnerships to boost customs procedure reform
Cooperation between
the public sector and businesses on customs procedure reform was discussed at
a seminar co-organised by the Vietnam Chamber for Commerce and Industry
(VCCI) and the
The seminar aimed
to engage the public sector and enterprises in the implementation of the
World Trade Organisation’s Trade Facilitation Agreement (TFA) signed in 2013.
At the event,
WTO-VCCI Centre Director Nguyen Thi Thu Trang stated that
She expressed her
hope that the seminar would publicise the advantages of implementing the TFA
and encourage businesses to get involved.
According to Nguyen
Vinh Quang from USAID, customs procedure reforms are imperative to
facilitating trade, developing the national economy and increasing GDP.
Public-private
partnerships would be strengthened through implementing the TFA and the
Government’s Resolution 19 on cutting paperwork processing times and costs to
bring Vietnam’s business climate in line with that of other ASEAN countries,
Quang said.
Meanwhile, a
representative from the General Department of Vietnam Customs said the
department would actively work with other stakeholders to implement the
agreement in the most effective manner.
ADB delegation examines projects in Vietnam
A delegation from
the Board of Governors at the Asian Development Bank (ADB) led by its
Executive Director Maliami bin Hamad paid a working visit to
During the visit,
the delegation had working sessions with the State Bank of
The annual activity
aimed to exchange information on the socio-economic development of ADB
developing member countries in the region, assess the efficiency of
development projects and programmes funded by the bank.
ADB provided
Chelsea FC has
chosen Vietnamobile as its official mobile network services partner in
The three-year
partnership allows Vietnamobile to offer co-branded products such as limited
edition SIM cards and promotions in Vietnam, while Chelsea fans in the
Southeast Asian country will also be able to access exclusive digital content
including wallpapers, videos and ringtones, Chelsea said on its website.
“We are committed
to bringing Chelsea FC as close as possible to our supporters around the
world, and I am very pleased this partnership with Vietnamobile will allow us
to extend that reach in a country where we are already very popular,” Chelsea
Chief Executive Ron Gourlay said in a statement.
Vietnamobile CEO
Garmon Shaw said
“We are excited to
partner with
Vietnam contributes
significantly to the global fanbase of Chelsea FC, with more than one million
Facebook ‘likes’ for the club’s official page in the country, the club said
on its website.
Founded in 2009,
Vietnamobile is the fastest-growing nationwide mobile communications service
operator in
Vietnamobile is a
Business Cooperation Contract partnership between Hanoi Telecom and Hutchison
Asia Telecom Group (“HAT”) which comprises mobile telecommunications operations
in the emerging markets of
HAT is a key part
of Hutchison Whampoa Limited’s telecommunications division, which includes
operators in
Vietnamobile is the
fourth-largest mobile network operator in
Viettel tops the
operator list with 54 million subscribers, accounting for nearly 50 percent
of the market share, Dien Dan Doanh Nghiep(Business Forum) newspaper said in
September, adding that the military-run telecom firm is followed by MobiFone,
which has 40 million subscribers, and Vinaphone, with 21 million.
Founded in 1905,
The club, nicknamed
‘The Blues,’ won the 2012 UEFA Champions League and claimed English Premier
League titles in the 2004–05, 2005–06, and 2009–10 seasons.
Vietnamese
exports to
Exports to the
demanding western European country burgeoned from US$1 billion in 2010 to
over US$2.2 billion in 2013, the General Department of Vietnam Customs
reported.
In the eight months
leading up to September of this year alone, the Department reported the nation’s
exports to
Most key export
products enjoyed high growth including seafood (up 28.7% to US$95.16
billion), wood and timber products (up 28.9% to US$65.37 billion), coffee (up
17.4% to US$64.7 million), and pepper (up 93% to US$16.58 million).
Cashew nuts
obtained the highest growth skyrocketing 116.8%, grossing US$16.21 million in
total revenue.
Telephone handsets
and components led industrial products exports with gross revenue of
US$526.74 million, making up 36.8% of the country’s total export revenue in
the first eight months of the year.
The Department
figures also reflect that
According to a
survey conducted by import-export management agency in the EU, Vietnamese
products are favoured in
Exports to
Major imported
goods include machinery, equipment, technological line, pharmaceuticals,
chemical, high-grade garment, gemstone, jewellery, wine, beverage, rubber
products, optical devices, measurement and medical products, cosmetics,
wheat, and vehicles and spare parts.
Exports to
Over the past two
years, the Vietnam Ministry of Trade and Industry (MoIT) has carried out a
number of highly visible trade promotion activities in
For instance, the
MoIT coordinated with the Big C and Casino Group to launch a program to
promote Vietnamese goods at Casino Saint-Didier Supermarket in
The Mekong Delta
plans to promote large-scale paddy fields on 1.2 million hectares with a
specific focus on commercial value and quality for exports, according to the
Southwest Region Steering Committee.
According to the
plan, the delta will reduce its total rice cultivation area from 4.25 million
hectares to 4 million hectares per year, while stabilising output at 24.5
million tonnes from 2015-2020.
The Mekong Delta
provinces will also use certified high-yield varieties to improve the average
annual output from 5.9 to 6.2 tonnes per hectare.
Additionally, the
region will apply advanced farming technologies in rice cultivation to
increase yields and economic value, while switching to higher value crops,
like corn and soybeans, and aquaculture in low-yield rice paddies.
Nguyen Phong Quang,
Standing Deputy Head of the Southwest Region Steering Committee, said the
delta will improve its irrigation and dykes system to cope with climate
change, whilst supplying irrigational and drinking water. The flood-control
system in the areas of the
2,000 new
agricultural cooperatives to be established
The Ministry of
Agriculture and Rural Development (MARD) plans to set up 2,000 new
agricultural cooperatives by 2020, mainly operating in such fields as
farming, breeding and aquaculture.
The cooperatives
will focus on promoting links between businesses and farmers in order to
create farm produce supply-consumption chains, heard a conference reviewing
the development of agricultural cooperatives in
The country now has
nearly 10,330 agricultural cooperatives, with 92 percent operating in
services and agricultural production.
Electronic
tax program to be launched next year
The General
Department of Taxation of
Under the program,
taxpayers can carry out many kinds of tax obligations, from tax registration,
tax filing, tax payment, to tax information lookup, on the Portal of General
Department of Taxation of
Initially, the
program will be performed in
Up to the present
time, electronic tax filing service has been launched by the department at
300 municipal tax departments in 63 provinces and cities nationwide.
Accordingly, the
e-tax filing system has provided services to more than 397,130 taxpayers,
while receiving and processing more than 17.6 million tax returns
electronically.
Meanwhile, the
electronic tax payment services have been deployed in 18 provinces and cities
across the country, with nearly 4,000 participating companies. The total
state budget revenues reached over VND2 trillion (US$94 million).
Last month, the
General Department of Taxation of
When fully deployed
at all the municipal arms, the TMS system will replace the entire 16
operating applications that support tax administration.
At the same time,
the tax service TMS enables easy adoption of standardized management systems
across the country, avoiding unnecessary errors during data exchange between
the lower and higher tax agencies and reducing operating costs.
Over 4.2 trillion VND mobilised from Government bonds
A total of 4.245
trillion VND (202 million USD) was mobilised to the State Treasury through an
auction for government bonds by the Hanoi Stock Exchange (HNX) on October 13.
The bonds on offer
are worth 6 trillion VND (286 million USD) in total, including those of
five-, ten- and 15-year terms.
The money mobilised
includes 345 billion VND (16.4 million USD) in five-year bonds, 3 trillion
VND (143 million USD) in ten-year bonds and another 900 billion VND (42.8
million USD) in 15- year bonds with annual interest rates of 4.8 percent,
6.19 percent and 7.05 percent, respectively.
The State Treasury
has so far this year mobilised more than 180 trillion VND (8.6 billion USD)
from Government bonds via tenders.
Hanoi
promotes One Village One Product
The One Village One
Product movement was initiated by
Craft villages
often attract many idle labourers of different ages and help alleviate
poverty, especially for disabled people.
The city has also
selected 15 craft villages to set up inter-village tours including Thang Loi,
Ha Thai, Phu Vinh, Van Phuc, Son Dong, Bat Trang, and
Renovation
– key for sustainable development
A forum on
sustainable development was held in
At the opening
ceremony, Tran Xuan Hong, Director of the National Centre for Technological
Progress (Nacentech) under the Ministry of Science and Technology stressed on
the importance of the event and said it will lay a firm foundation for the
scientific community in the future.
Participants heard
nearly 100 reports from Vietnamese and foreign scientists focusing on smart
transport, optoelectronics and professional electronics, and life science,
which are applicable to
Deputy Minister of
Science and Technology Tran Van Tung said the Ministry always emphasises the
vanguard role of science and technology in
Yeong Kwan Kim from
the
During the forum,
Nacentech signed cooperative research agreements with partners from
Province
seeks permission for Ha
The administration
of a
Nguyen Van Doc,
chairman of Quang Ninh Province, has signed a document submitted to the
Ministry of Transport and Ministry of National Defense, urging them to
“create conditions” for Hai Au Aviation to expand its seaplane service to
“better serve customers as well as develop the local tourism industry.”
Ha Long is the
capital city of
In September, Hai
Au Aviation began offering flights for sightseeing tours to the coves and
islands in Ha Long Bay using two 12-seat Cessna Grand Caravan seaplanes
shipped from the
The seaplanes
currently take off from
“Tourists have to
travel from downtown
The international
terminal is located in the outlying district of Soc Son, 30km and a 40-minute
drive from the heart of the capital.
“The total time the
customers need to travel to and fro the airport, plus the flying time, is no
shorter than the time it takes to drive from the capital to Ha Long City by
road,” Doc concluded.
The province’s
chairman added that it takes the seaplane much longer to fly from Noi Bai to
Ha Long, as it has to pass over the
“The current air
route takes 45 to 60 minutes, while it would be only 30 minutes if the
aircraft departed from downtown
Doc thus called on
the ministries to allow Hai Au Aviation to have its seaplanes take off from
Ho Tay (
The seaplane
service could also be based at Gia Lam airport, which is only 6.5km from
downtown
The Quang Ninh
administration also seeks permission to open more landing and takeoff spots
in Ha Long Bay to facilitate the service.
Hai Au Aviation
ordered three Cessna Grand Caravan seaplanes from the
Two of the three
were transferred to Hai Au in August and the last will be delivered to it not
later than the end of this year.
Service between
Hanoi and Ha Long costs more than VND5 million($235) per ticket, while an
aerial tour above Ha Long Bay fetch more than VND5 million for 25 minutes,
and over VND7 million ($329) for a 40-minute trip.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Năm, 16 tháng 10, 2014
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