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French consultant proposes
ADPi Engineering, a French
company which specialises in airport architecture and engineering, has
proposed an expansion plan for Tan Son Nhat International Airport at a
meeting chaired by Minister of Transport Nguyen Van The.
The meeting which was held on February 27 attracted
representatives from the ministries of National Defence, Natural Resources and
Environment and Planning and Investment.
ADPi Engineering's
proposal for
The said that the expansion of Tan Son Nhat Airport had drawn
different opinions from ministries and agencies, so the ministry had selected
ADPi Engineering as an independent consultant to develop an objective view on
the issue. This is the final meeting about the airport’s expansion plan
before the ministry submits the proposal to the government.
The French consultant said it was necessary to develop
infrastructure at the airport to meet the demand of serving around 301,000
flights with a total number of 51 million passengers and 960,000 tonnes of
cargo by 2025. The figure would reach 315,000 flights with 55 million
passengers and 1.2 million tonnes of cargo by 2030.
Meanwhile, the current infrastructure can meet 36 million
passengers per year.
The firm recommended the necessity to restrict the airport’s
maximum capacity at around 50 million passengers by 2025 to avoid the
construction of the third runway which would be costly and cause
environmental problems as well as noise pollution.
The consultant also suggested using the golf course which is
located in the north of the airport to build hangars, cargo terminal and
maintenance and repair areas. Meanwhile, more passenger terminals should be
built in the south of the airport to easily connect with the existing
terminals.
Dr. Duong Nhu Hung from HCM City University of Technology
disagreed with the French consultant’s proposal, saying that the restriction
of the airport capacity to 50 million passengers is inappropriate in the
context of the increasing demand of passengers.
Meanwhile, Cao Xuan Toi from Aviation Technology Association
said that the French consultant’s suggestion was feasible, as by 2025,
Minister of Transport Nguyen Van The said that it was impossible
to raise
The consultant also needs to analyse more clearly the impact of
building terminals in the north or the south of the airport.
The noted that the Ministry of Transport will inform the government
of the
TienPhong
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Thứ Tư, 28 tháng 2, 2018
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A car with
a desirable license plate number in District 1,
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In
accordance with the attached rules, each license plate number can only be
used on one vehicle and shall not be resold or transferred to another owner
after the auction, Col. Duc said.
If
an owner wants to transfer his vehicle to another person, who lives in the
same locality, the license plate is allowed to be kept the same, he
continued.
However,
if the new owner resides in a different province or city, he will be required
to register for a new number.
The
initial price for a plate number is decided by authorities of each locality,
based on the real demand and local economic development.
The
auction will be carried out online via an official website, on which
information regarding the plate numbers, initial price, and results will be
publicized.
Bidders
will be allowed to join the auction as long as they have an account, a
vehicle, and its legitimate documents.
The
bidding will be carried out entirely on a voluntary basis, Duc stated, adding
that the money gained from the process will be directed to the state budget. By Duy Khang / Tuoi Tre News
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Vietcombank
sell-down sends national airline crashing
Vietcombank’s recent move to put 7.6 million shares of
Vietcombank divested over $9 million from the share sale at the
national airline
Over
the time period of January 25-February 8, the commercial bank was reported to
conduct the stock transaction which subsequently downsized the bank’s
proportion of shareholding at the national airline from the initial volume of
22.4 million shares to 14.8 million shares, commensurate with a reduction in
the bank’s shareholding from 1.83 per cent to 1.21 per cent.
As
opined by the stock market’s analysts along the whole duration of the share
deal, the commercial bank’s decision to divest such a hefty amount of stock
at Vietnam Airlines was pondered as a “smart move” as the airline’s stock was
regarded as an overweight on the domestic bourse with an unprecedented
surging price of the ticker at VND70,000 ($3.07) per share.
Briefly
after the sale, the airline’s stock price plunged below VND50,000 ($2.2), a
drop of roughly 30 per cent. The bottom of the dive was VND44,200 ($1.94) on
February 10-12.
After
the abrupt divestment, Vietcombank’s stock price recovered mildly as it
climbed back to VND52,800 ($2.31).
Previously,
Vietcombank bought the national airline’s shares at its initial public
offering at VND22,300 ($0.97). Consequently, the bank gained a total profit
of VND210 billion ($9.21 million) from the divestiture.
Earlier,
in late October 2017, Vietcombank was green-lighted to divest 19.8 million
shares from Saigon Bank for Industry and Trade, Saigonbank, and Cement
Finance Company (CFC).
Later
on, on November 20, 2017, the commercial bank withdrew 13.2 million shares
(4.3 per cent) from Saigonbank at the base price of VND12,550 ($0.55) and
6.67 million shares (10.9 per cent stake) from CFC at VND11,549 ($0.51).
From
the latest two divestments from Saigonbank and CFC, Vietcombank secured a
total of $15 million in proceeds, entering the top 48 most profitable banks
in
VIR
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BUSINESS IN
BRIEF 28/2
Two-month FDI disbursement up 9.7 percent
Disbursement
of foreign direct investment (FDI) increased by 9.7 percent to 1.7 billion
USD in the first two months of 2018.
The
Ministry of Planning and Investment's Foreign Investment Agency also revealed
that in the first two months of the year,
Of
this total, 1.83 billion USD came from manufacturing and processing firms,
accounting for 54.6 percent of the nation’s total registered capital.
Construction
ranked second with 345.4 million USD and estate trading ranked third with
312.1 million USD.
January
saw nearly 1.25 billion USD of FDI poured into
In
2017,
FDI
disbursement last year also reached a record high, increasing by 10.8 percent
to 17.5 billion USD.
Economy should shape Vietnam-India relations
Economy
should lie at the heart of India-Vietnam relations, according to an article
posted on the Times of India on February 27 on the occasion of the upcoming
visit to
Titled
“Move on Economics:
The
country’s gross domestic product (GDP) expanded 6.7 percent last year with
the total volume of trade reaching a record 425 billion USD, of which exports
accounted for 200 billion USD.
These
accomplishments were a direct result of economic reforms called Doi Moi that
Doi
Moi laid the foundation for
This
gave
Today,
All
of these things make
Bilateral
trade hit 7.6 billion USD in 2017, representing a year-on-year rise of 40
percent. However, there is still room for growth, the article stressed.
It
emphasised that President Quang’s visit exemplifies the growing relationship
between
President
Quang will be accompanied by a large group of entrepreneurs –demonstrating
the economic aspect of the visit.
In
fact, President Quang is expected to witness the signing of bilateral
Memoranda of Understanding regarding a joint venture on a coal terminal in
The
President will also preside over the launching ceremony of a direct air route
between
Crab price highest in 5 years
The
price of commercial crabs in
The
current price is double the price at the end of 2017.
The
price rose sharply before, during and after the Tết (Vietnamese Lunar New
Year) holiday. During Tết, a kilo of crab was priced at VNĐ800,000, up by
VNĐ400,000 compared to the end of last year.
Huỳnh
Thanh Hương, a farmer in Nhà Mát Ward,
He
said with the current price hike, farmers rearing crabs have gained high
profits.
According
to the
Meanwhile,
provincial authorities have cautioned farmers to assess the situation
carefully before investing in crab-rearing in the hope of making high
profits. This will avoid over-supply in future, leading to a reduction in the
current selling price. The authorities also suggested farmers not to rear
low-quality crabs in poor production conditions, which will also lead to a
fall in price.
Bạc
Liêu has an aquaculture area of some 130,000ha, most of which is used for
farming shrimps and crabs.
PetroVietnam faces challenges in 2018
The
rapid exhaustion of its main oil discoveries is putting the Việt Nam National
Oil and Gas Group, better known as PetroVietnam, under great pressure to
reach its oil exploration and production targets for 2018.
PetroVietnam
produced 15.52 million tonnes of oil in 2017, surpassing its set target by
1.3 million tonnes. However, the country’s sole oil exporter has reduced its
2018 production target by one million tonnes, due to concerns over the
depletion of natural oil resources.
Its
general director, Nguyễn Vũ Trường Sơn, acknowledged that most of the
oilfields have been exploited for many years and are in their final stages,
with production declining by 15-30 per cent per year.
Bạch
Hổ (White Tiger) field, the country’s largest and longest-producing oilfield,
contributing about 60 per cent of the nation’s total oil production for PetroVietnam,
is in a state of depletion and can only be explored in 4-5 years.
In
addition, the rapid flooding, at over 60 per cent, in many fields due to
intensive exploitation, such as Hải Sư Trắng (White Sea Lion), Tê Giác Trắng
(White Rhino), Sư Tử Vàng (Yellow Lion) and Rạng Đông (Dawn), is posing a
challenge that may reduce oil production in the coming years, Sơn said.
According
to Vietsovpetro’s general director, Từ Thành Nghĩa, the largest problem
facing the company is the sharp decline in output at its major oilfields,
such as at Bạch Hổ and Rồng (Dragon), while new discoveries, such as Gấu
Trắng (White Bear) and Thỏ Trắng (White Rabbit), are small fields with low
reserves.
Therefore,
the production plan of four million tonnes of oil per year remains a large
challenge for the Russian-Vietnamese oil and gas exploration joint venture,
Nghĩa said at PetroVietnam’s conference to set 2018 tasks.
The
year 2017 proved to be the most difficult year for PetroVietnam’s exploration
activities, when oil reserves increased by only four million tonnes, which
was much lower compared to the strategic target of 28-42 million tonnes per
year.
In
previous years, PetroVietnam often invested over US$2 billion to drill 30-40
oil wells and replenish its oil reserves by 35-40 million tonnes per year,
but from 2015 onwards, investments from the group and its foreign partners
have decreased by five times.
“It
all started with exploration,” said Nguyễn Quỳnh Lâm, PetroVietnam’s deputy
general director, who is in charge of exploration activity.
Lâm
said weak exploration would lead to oil shortages for other activities,
including petrochemical refining, electricity and fertiliser production. He
expected the Government would soon approve the group’s financial regulations,
allowing it to extract money for the exploration fund.
While
awaiting the Government’s approval, Lâm said PetroVietnam would continue to
call for foreign funds for developing some oil and gas fields, and would give
up its executive role, in exchange for needed capital.
Ngô
Hữu Hải, PetroVietnam Exploration and Production Corp’s (PVEP)
representative, said the company currently lacked at least $150 million for
exploration activity in 2018. Its production target this year would also
decrease by about one million tonnes of oil equivalent.
Hải
said the company was implementing measures to improve the financial condition
and rank projects to restructure its project portfolio, as well as break or
relax investment agreements, along with reducing costs.
Close
to 20 businesses from
The
event created an opportunity for Vietnamese firms to learn about
Participants
agreed that the demand for healthy and environmentally-friendly agricultural
products will become an inevitable trend in the coming time in many
countries, especially developed nations.
Executive
Director of Ecolink Pham Minh Duc said his company has successfully brought
clean O Long tea grown in
He
hoped to share his experience with policymakers through this forum to help
them devise more proper financial and policy mechanisms to develop
The
ministry will promulgate appropriate policies to help production units and
associations to speed up the development of organic agriculture and maintain
ecological balance, especially in the light of international economic
integration and climate change adaptation.
According
to the Vietnam Organic Agriculture Association, the organic farming area in
the country has been increasing, reaching about 77,000 hectares in 2016, 3.6
times higher than it was in 2010.
Currently,
33 out of the country’s 63 provinces and cities have organic farming models,
with many offering high economic efficiency and higher incomes for farmers,
contributing to agricultural restructuring.
Though
it is modest compared to the total farming area, businesses and organisations
are applying international organic standards and certified organic products
are being exported to many markets, including the US and EU.
Organic
agriculture offers advantages such as no pesticide residue, higher value of
products, and greater likelihood of being accepted in choosy markets.-
Bac Ninh attracts over 130 mln USD of FDI capital in two
months
About
130.29 million USD of foreign direct investment (FDI) has been poured into
new and existing projects in the
Of
the total capital, 91.69 million USD has been channelled into 21 new projects
while the remaining has been added to 35 existing ones, according to the Bac
Ninh Industrial Zones Authority.
The
authority noted the businesses with new investment mainly operate in the
processing and manufacturing sectors.
It
said the province has been working to boost the application of high
technology in local industries, develop supporting industries to serve key
sectors, and connect Bac Ninh businesses with FDI firms.
The
provincial administration has also held regular meetings with enterprises to
remove difficulties, thus promoting investment attraction in industrial parks
and clusters. A business support team was also set up to immediately address
problems facing companies whenever it receives information.
Meanwhile,
the province has overhauled relevant mechanisms and simplified administrative
procedures in the fields with many problems arising such as land,
construction, labour and customs so as to create the best possible conditions
for businesses.
So
far, the authority has granted 1,228 investment certificates, 810 of which to
FDI companies, with total new and additional capital of over 16.75 billion
USD, including more than 14.8 billion USD of FDI projects.
Bac
Ninh, an industrial centre of
GFSI-MHE
Manufacturing of Texas LLC from the US and Minh Hung Group will join hands to
construct a plant to manufacture products from recycled fiber glass under a
contract inked in Ho Chi Minh City on February 26.
Accordingly,
GFSI-MHE Manufacturing of Texas LLC will transfer technology of producing
goods from recycled fiber glass to Minh Hung Group.
The
advanced technology will help recycle a huge amount of waste, mostly used
composite and fiber glass like plastic containers, aircraft and boat covers
and distribution boards, while creating environmentally friendly materials,
bringing in high economic efficiency.
Lam
Dao Hung, Chairman of Minh Hung Group, after technology transfer, both sides
will build a plywood manufacturing plant in Tien Giang province with a total
investment of 50 million USD. The plant is expected to be put into operation
in 2019.
The
country is currently home to 35 solid waste treatment plants with total
designed capacity of 7,500 tonnes per day. It discharges some 28.5 million
tonnes of solid waste every year. Most of the solid waste is buried at high
costs, affecting the environment and wasting materials for the recycling
industry.
Citi named Asia’s best digital bank by Asset Magazine
Citi
has been recognised as
Citi’s
Asia Pacific Consumer Bank ended the fourth quarter of 2017 sustaining growth
and profitability with the sixth consecutive quarter of revenue growth. For
the full year 2017, Asia Pacific GCB’s revenues were up 7 percent at 7.3
billion USD and net income up 16 percent, according to the bank’s recent
press release.
During
2017, Citi invested further in supporting its digital transformation in
In
In
the editorial write up, the Asset said, “Citi continued to enhance its
digital offering by developing intuitive tools to serve their customers
across its footprint, and saw a significant number of digital onboarding
acquisitions with many clients using its various digital channels.”
Lack of supporting industries highlighted
More
efforts should be made to develop supporting industries in
The
current dependence on imported materials has cost Vietnamese companies their
competitiveness even in the domestic market, the newspaper said.
Businesses
in
Nearly
all garment companies import a significant ratio of their raw materials due
to the low production by supporting industries.
Most
companies in supporting industries are small- or medium-sized so they face
difficulties such as lack of funds and modern technologies and equipment. Not
surprisingly they are unable to compete with companies in other ASEAN member
countries, an industry spokesperson said.
Nguyen
Phuong Dong, deputy director of DoIT, said the city would speed up
restructure of supporting industries.
Industrial
parks and export processing zones in the city usually lease out sites of
5,000 square metres to a few hectares to attract big companies and reduce
infrastructure cost whereas supporting industry companies only require small
pieces of land, he said.
To
resolve this problem, in 2015 the People’s Committee approved the
construction of dedicated industrial parks for supporting industries at the
Sai Gon Hi-Tech Park, Tan Thuan – Linh Trung Export Processing Zone, and Hiep
Phuoc Industrial Park.
Measuring
one to four hectares, these will be divided into small lots of between 300
square metres and 5,000 square metres to meet the needs of the small- and
medium-sized companies that make up supporting industries.
A
shortage of funds for investment in production is another problem facing
domestic firms in supporting industries, hitting their competitiveness.
Higher
land rents in
The
average rent in the city is US$100 per square metre compared to $50 in
surrounding places like Binh Duong, Dong Nai, Long An and Tay Ninh.
DoIT
is planning to develop an industrial park for supporting industries using
public money and rent out land at $50-60 per square metre, Dong said.
The
city government would offer loans of up to VND200 billion ($9 million) for
projects designed to develop supporting industries, he said.
Kienlongbank appoints new general director
Kien
Long Commercial Joint Stock Bank’s (Kienlongbank) board of directors (BOD)
has appointed Tran Tuan Anh the new general director.
Anh,
who assumed office on February 24, was previously Kienlongbank’s deputy
general director.
Anh
has replaced Vo Van Chau, who was appointed BOD’s vice chairman cum general
director on February 13, 2018. However, BOD decided to dismiss Chau from the
position of the general director so that he could focus on his role as the
vice chairman and set up an orientation plan for the 2018-22 period along
with BOD members.
Born
in 1976, Anh has a bachelor’s degree in banking and finance as well as a
master’s degree in law. She is a graduate of HCM City University of Law.
She
has earlier held positions such as deputy head of the Department of Real
Estate Services, head of the Legal Department of HCM City Development Bank of
Anh
joined Kienlongbank on October 8, 2013, as an assistant to the chairman. On
July 2, 2014, she was appointed the deputy general director cum director of
the Legal and Debt Settlement Department. On May 9, 2016, she quit the latter
position but continued as the deputy general director.
By
the end of 2017, Kienlongbank’s total assets reached over VND37.35 trillion
(US$1.64 billion), a year-on-year increase of 22.67 per cent. The pre-tax
profit of the bank reached nearly VND260 billion, up 71.2 per cent compared
to 2016.
TTC energy segment inks EPC contract with Sharp led consortium
Gia
Lai Electricity JSC, a member of TTC Group, on February 23 signed an
engineering procurement and construction (EPC) contract to implement Phong
Dien Solar Power Plant in Thua Thien-Hue Province with a consortium
comprising three contractors - Sharp Group (Japan), Sharp Solution Asia
(SSSA, Thailand) and NSN Construction and Engineering JSC.
Sharp
Group of
After
this EPC contract comes into effect, the consortium of Sharp – SSSA – NSN
will officially become the contractor of the Phong Dien Solar Power Plant,
which has a capacity of approximately 35MW and an estimated power output of
61,570MWh per year, nearly equaling the annual power consumption of around
32,628 households in
Once
completed, the plant will significantly contribute to promote local
socio-economic development and add more renewable energy sources to the
national grid system. Specifically, it will help reduce an estimated 20,503
tonnes of CO2 emissions per year, contributing to environmental protection,
as well as global efforts to limit global warming.
Nowadays,
utilisation of green - clean energy source is a big innovation in the energy
industry that brings the optimal solution to save power and positive effect
to the environment. Solar power is becoming a sustainable development trend
in the future and contributing to preserve the limited energy resources for
the world.
The
TTC energy segment, with its main unit being Gia Lai Electricity JSC, has
relentlessly boosted investment in clean energy resources and implemented
pilot wind and solar power models in some potential localities, besides
investing in hydro power projects.
TTC
plans to achieve the capacity of 1,000MW of solar power and 40MW of wind
power, accounting for 73 per cent of TTC energy segment’s total power
capacity, and 222MW of hydro power and 150MW thermal power, accounting for 16
per cent and 11 per cent of its total power capacity by 2020.
Previously,
TTC planned to deploy 20 solar power projects in several provinces, including
Tay Ninh (324 MW), Binh Thuan (300 MW), Ninh Thuan (300 MW) and Gia Lai (49
MW), with a maximum investment of up to VND20 billion (US$987,555) per MW, an
IRR (internal rate of return) of at least 15 per cent and payback period of
less than 12 years.
Signing
EPC contract and corporating with Sharp – SSSA – NSN is a milestone for the
TTC energy segment to leverage each other’s strengths for effective
co-operation and development and increase benefits for the community in the
context of climate change in
This
also provides the foundation for TTC energy segment to complete its clean
energy development roadmap and expand the scale of operations in line with
international standards.
This
is also a solution to help
TTC
is a multi-industry corporation with nearly 40 years of operation, consisting
of four corporations, one segment, and over 150 subsidiaries and joint
companies. It has investments in several industries including real estate,
energy, agriculture, education and hospitality.
Mongolian South Gobi boosts ties with Quang Binh
The
visiting delegation from Mongolia’s South Gobi province led by its vice
governor Batbold Khoroo and Quang Binh provincial leaders on February 26
discussed ways to step up bilateral cooperation in tourism, construction
industry and training of overseas students.
Addressing
the meeting, Mr Khoroo briefed the host on
He
expressed his desire that the meeting will kick-start long-term cooperation
between the two localities in the future.
Vice
chairman of the Quang Binh provincial People's Committee Tran Tien Dung
highlighted the existing sound relations between
He
showed his delight at
Tien
also assured Quang Binh's readiness to provide
The
Vietnamese government has issued a resolution on socio-economic and budget
management in 2018 focusing on achieving GDP growth target, promoting
economic restructuring, and reforming growth models.
The
Prime Minister has recently asked ministries and sectors to implement
mechanisms to attract high-quality human resources to high-tech zones and
protect business investment in
Socialist-oriented
economic reform has made
There
are three high-tech parks in
The
high-tech parks are intended to boost the development of high technology to
serve local socio-economic development.
During
a recent visit to the
The
Prime Minister asked ministries and sectors to issue guidelines, address
obstacles, and revise the Law on High-Technology to boost the development of
high-tech parks.
"Policies
and mechanisms need to be specified to attract researchers to hi-tech parks.
You should identify obstacles and submit a list to Deputy Prime Minister Vu
Duc Dam who will then discuss them with leaders of the Ministry of Finance,
Ministry of Planning and Investment, and Ministry of Science and Technology.
The Prime Minister is ready to address legal obstacles and will discuss them
with other cabinet members to work out incentives to attract talents to
high-tech parks. This issue is of great importance to building a startup
ecology in
2018
will be a turning point in
Tra fish prices hit record high amid material shortages
The
prices of tra fish (pangasius) in the Mekong Delta is hitting a record high,
exceeding 30,000 VND per kilogramme, bringing high profits to local farmers,
but businesses are facing shortages of material fish.
A
representative of a seafood processing firm in Chau Doc city of
Duong
Nghia Quoc, Chairman of the Vietnam Pangasius Association, said even owners
of breeding farms are short of material tra fish due to a lack of breeding
tra fish stocks.
The
supply of material tra fish for export in 2018 will be limited, he said, adding
that the prices of exported tra fish may remain high for the whole year.
Hanoi records 109 million USD in FDI in Jan-Feb
The
People’s Committee also said that the city posted good growth in many
sectors, including industrial production, sales of goods and services,
import-export and tourism.
The
committee’s Chairman Nguyen Duc Chung requested relevant agencies to continue
creating favourable conditions for investors.
He
said the city ensured a joyful and safe Lunar New Year holiday for residents,
noting that local agencies and authorities promptly set to work immediately
after the holiday.
The
chairman announced that the People’s Committee will conduct an inspection of
operations at all public offices of the city, in order to prevent delay in
handling documents, especially in sensitive fields such as planning and investment.
The city will also accelerate the launch of more online public services,
focusing in the fields of justice, labour and social affairs.
Other
tasks include the planting of trees to realise the target of 1 million trees
along streets and in parks and public places, and the development of diverse
tourism products.
The
capital city welcomed nearly 375,000 visitors during the week-long Tet (Vietnamese
New Year) festival from February 14 to 20, including 120,000 international
tourist, up 13 percent and 30 percent, respectively from the same period last
year.
The
local tourism industry estimated to earn more than 1.28 trillion VND (56.5
million USD) during the biggest holiday of the year, up 19 percent year on
year.-
Standard Chartered VN allowed to increase charter capital
The
State Bank of Viet Nam (SBV) on February 22 issued document No.
1104/NHNN-TTGSNH to allow Standard Chartered Bank (Viet Nam) Limited to
increase its charter capital.
The
plan to increase the charter capital from VND3.08 trillion (US$135 million)
to VND4.215 trillion, was approved by the owner through the resolution
approved on September 28, 2017.
SBV
requires Standard Chartered Bank to build and control credit growth, in
accordance with the bank’s plan but not exceeding credit growth targets
announced by SBV.
In
addition, the Governor of SBV requests the bank to increase its capital in
line with the current provisions of the law. After increasing the capital,
Standard Chartered Bank will be responsible for submitting the application
for amendment of charter capital in the licence to SBV.
This
document is valid for 12 months from the signing date. If the increase of chartered
capital has not been completed within the permitted time limit, this document
shall be invalidated.
Trade counsellors praised for helping boost VN exports
Localities
and businesses appreciate the efforts made by Vietnamese trade counsellors in
helping the country’s businesses boost their exports, and want them to
continue providing information in a timely manner.
Speaking
at the 2018 Trade Counsellor Conference held in HCM City on February 26,
Truong Quang Hoai Nam, Vice Chairman of the Can Tho People’s Committee, said
his city’s exports last year increased by 15 percent over 2016.
“In
addition to efforts made by businesses themselves, trade counsellors
contributed to the success of the city’s exports by providing them with
information.”
Deputy
Minister of Industry and Trade Tran Quoc Khanh said
“There
was certainly a contribution by trade counsellors, who besides helping
businesses promote their products abroad, also verify information about their
partners and provide support in case of trade disputes,” he said.
But
there were still shortcomings in the system, and the biennial conference was
held to review the previous two years and set goals for the next two, he
said.
Delegates
said information provided by trade counsellors in both directions was
sometimes too general.
Besides,
they sometimes stop at providing just addresses and phone numbers of
businesses, he said.
“We
need quick information and early market forecasts. We only get the
information that the
The
city and its businesses want to take part in trade fairs to promote its key
products like seafood and rice, so trade counsellors and trade offices should
evaluate trade fairs to tell businesses which ones they should participate
in, according to him.
Lam
Van Bi, Vice Chairman of the Ca Mau People’s Committee, suggested trade
counsellors provide more precise market forecasts and information about
technical barriers and competitors.
Nguyen
Ngoc Hoa, Deputy Director of the HCM City Department of Industry and Trade,
wanted trade counsellors to help promote exports of key products like garment
and textile and electronics.
The
Ministry of Industry and Trade should organise seminars and conferences to
enable businesses to understand more about CO (certificate of origin) and
consumer habits in foreign markets, he said.
The
city was focusing on developing infrastructure and logistics, and trade
counsellors should help find investors in those sectors, he added.
Nguyen
Canh Cuong,
“We
will be pleased to connect businesses and localities that have demand for
logistics development with
Speaking
about risks like trade disputes and online frauds, he said, “If businesses
receive suspicious emails, they can contact the trade office to verify.”
According
to Nguyen Hoang Thuy from the Vietnam Trade Office in
Vietnamese
exports to the market have increased significantly but still remain low
compared to potential.
Vietnamese
businesses need to focus on improving product quality, diversifying export
items, increasing export of value-added products and building brands for
their products.
The
conference was followed by a direct meeting between businesses and trade
counsellors in the EU, Americans, Asia and
Finance Ministry asked to implement tasks from year’s
beginning
National
Assembly Chairwoman Nguyen Thi Kim Ngan urged the Ministry of Finance (MoF)
to perform its tasks right from the beginning of the year as 2018 is very
important for the fulfillment of targets and plans for 2016-2020.
While
working with the ministry’s leaders in
In
2017, budget overspending, public and foreign debts were controlled,
financial disciplines were ensured and the financial policy was tightened,
she said.
Obviously,
budget overspending declined thanks to the implementation of the national
five-year mid-term financial plan in 2016-2020, she noted.
As
the MoF will be the only agency in charge of public debt management from July
2018, Chairwoman Ngan asked the ministry to actively coordinate with relevant
agencies to well perform this task.
She
also required the ministry to improve the management of incomes from
equitisation and divestment, reorganise businesses under its management,
enhance the management of budget collections under the law, and limit
financial funds to focus resources on the State budget.
Minister
Dinh Tien Dung affirmed that in the coming time, his ministry will continue
to tighten financial disciplines and resolutely maintain national financial
plans, considering it an important mission, while effectively implementing
Resolution No. 25/2016/QH14 on the national five-year financial plan in the
2016-2020 period.
The
ministry will restructure its apparatus in the fields of tax, treasury and
customs right from the year’s beginning, he added.
Vietnamese, Chinese provinces foster cooperation
Senior
officials of four border Vietnamese province and
The
February 23-24 meeting, the third of its kind, saw Vice Secretary of the
Party Committee of Quang Ninh province Do Thi Hoang, Secretary of the Party
Committee of Lang Son province Lam Thi Phuong, Secretary of the Party
Committee of Cao Bang province Lai Xuan Mon and Secretary of Party Committee
of Ha Giang province Trieu Tai Vinh of Vietnam, and Secretary of the Party
Committee of the Guangxi Zhuang Autonomous Region Peng Qinghua.
Also
on the occasion, the ninth session of joint working committee of the four
border Vietnamese provinces and the Guangxi Zhuang Autonomous Region, and a
business forum of the localities took place.
At
conferences and workshops within the framework of the New Year meeting, the
Vietnamese and Chinese localities reviewed their cooperation since the second
meeting last February in Ha Long city of
They
agreed to maintain the New Year meeting as an annual event, and exchange of
visits to increase political trust among the localities. They also agreed
that in 2018, the localities need to continue implementing common perceptions
of the two countries’ leaders, deepening friendship exchanges and substantial
cooperation, promoting the border areas' development and enriching the
Vietnam-China comprehensive strategic cooperative partnership.
The
localities’ leaders consented to foster cooperation in trade, construction of
cross-border economic cooperation areas, upgrade of border gates and markets,
cross border labour management, justice, agriculture, science, education,
culture, health care, finance, toward lifting trade value between the
Vietnamese provinces and Guangxi, which accounts for nearly 25 percent of the
Vietnam-China trade turnover.
They
reached consensus to submit the two countries’ governments a proposal on soon
connecting railways and highways between localities, especially between Quang
Ninh and Lang Son with Guangxi, to facilitate people’s travel and goods
transportation.
The
proposal also included cooperation between pairs of border gates, the pilot
of one-stop border gate and extending time for goods clearance during peak
periods as well as encouraging Guangxi businesses to invest in Vietnam,
especially those with high and environmentally friendly technologies.
They
also agreed to increase cooperation via the Party channel, enrich
people-to-people exchange activities and organise youth friendship exchanges
and festivals of people in border areas, as well as cooperation in press,
combat illegal cross-border activities and maintain security and stability in
border areas.
Some
cooperation documents between Vietnamese and Chinese provinces were signed in
the witness of the officials.
Participants
agreed to hold the 2019 New Year meeting and the 10th session of the joint
working committee in Lang Son city, Lang Son province.
Vietjet Air to start operation at
Vietjet
Air will officially shift its operation from Terminal 3 (T3) to Terminal 4
(T4) at
A
representative of Vietjet said that the shift marks the carrier’s operational
expansion at the Changi airport, which has been named the world’s best
airport for five consecutive years, while helping reduce passengers’ time
spent on transfer buses from the remote gate to the terminal.
Since
the launch of its first flight from Ho Chi Minh City in 2014, Vietjet has
continuously increased the frequency of flights and opened more routes
between Hanoi and Singapore, meeting travelling demands of people and helping
to promote regional trade and integration, the representative said.
T4
of the Changi airport served more than 1.6 million passengers and over 9,400
flights since it was put into operation on October 31, 2017.
Aiming
to “Consumer Airline”, Vietjet is continually opening new routes, adding more
aircraft, investing in modern technology and offering more added-on products
and services to serve all demands of customers.
Vietjet
is a pioneering airline that is loved by many for its exciting promotional and
entertainment programs, especially during the festive season. With
high-quality services, diverse ticket classes and special low-fare tickets,
Vietjet offers its passengers flying experiences on new aircraft with comfy
seats, delicious hot meals, beautiful and friendly cabin crews, and other
interesting added-on services.
Vietjet
is the first airline in
Vietjet
is a member of the International Air Transport Association (IATA) with the
IATA Operational Safety Audit (IOSA) certificate. The airline was also named
as one of the Top 500 Brands in Asia 2016 by global marketing research
company Nielsen and the “Best Asian Low Cost Carrier” at the TTG Travel
Awards 2015, which compiles votes from travelers, travel agencies and tour
operators in throughout Asia and Asia’s Best Employer Brand by the Employer
Branding Institute and World HRD Congress for many years. The airline was
also rated as one of the top three fastest growing airline brands on Facebook
in the world by Socialbakers.
Currently,
the airline boasts a fleet of 55 aircraft, including A320s and A321s, and
operates 350 flights each day. It has already transported more than 55
million passengers on a network featuring 82 routes in
Looking
ahead, the airline plans to further expand its network across the Asia
Pacific region. To prepare for this plan, Vietjet has signed agreements with
the world’s leading aircraft manufacturers to purchase more brand-new and
modern aircraft.
VNN
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