Vietnam 

VN surpasses Hong Kong in port throughput – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  From January to June, Việt Nam recorded 9.1 million TEUs in container throughput, up 3 per cent compared to the same period last year. — Photo cafef.vn HÀ NỘI — Việt Nam’s container throughput surpassed Hong Kong’s in the first half of this year, possibly in part due to trade diversion amid the trade war between China and the US, reported the Chinese news site Caixin Global. According to the data from Hong Kong Maritime and Port Board, in the first half of 2019, Hong Kong saw a container…

Read More
Vietnam 

Vietnam Airlines launches Đà Nẵng – Busan flight – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives cut the ribbon to launch the new route connecting Đà Nẵng and Busan city. — VNA/VNS Photo Mạnh Hùng HÀ NỘI — The national flag carrier Vietnam Airlines on Sunday launched a new route between the central city of Đà Nẵng and Busan city, connecting Việt Nam and the Republic of Korea (RoK). This is the third route linking Việt Nam and Busan run by Vietnam Airlines, following those connecting Busan and Việt Nam’s major cities of Hà Nội and HCM City. It is also the seventh route between the…

Read More
Vietnam 

MoF proposes tax cut for small firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of businesses pay taxes. The Ministry of Finance plans to apply a corporate income tax rate of 15 per cent to micro enterprises with annual revenue of less than VNĐ3 billion (US$129,000) and a labour force of less than 10. — Photo bnews.vn HÀ NỘI — The Ministry of Finance (MoF) is proposing a regulation that exempts micro and small enterprises from corporate income tax for two years after they have sufficient income subject to taxation. The regulation would be applicable for micro and small businesses which are established from household…

Read More
Vietnam 

Vietjet gets green light for Hà Nội-New Delhi route – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietjet’s fleet. The airline operates around 400 flights daily, carrying more than 80 million passengers to date. — Photo courtesy of Vietjet HÀ NỘI — Budget carrier Vietjet has received approval from the Civil Aviation Administration of Vietnam (CAAV) to conduct flights between the capital city of Hà Nội and India’s New Delhi. The approval was made based on the Agreement on Air Transport between the Vietnamese and Indian Governments, Vietnam News Agency reported.  Earlier at the Việt Nam – India Business Forum in New Delhi in August 2018, Vietjet announced its plan to…

Read More
Vietnam 

Domestic industry needs technology transfer – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A production line at Tiến Thijnh Production, Trading and Service Company Limited. Vietnamese enterprises need more opportunities to receive technology transfer from foreign investment activities. — VNA/VNS Photo An Hiếu HÀ NỘI — Vietnamese enterprises need more opportunities to get technology transfers from foreign investment activities and join ventures with foreign partners for sustainable development of the domestic industry. Technology is important in improving global competitiveness for local manufacturers in Việt Nam, said BT Tee, general director of Informa Market Việt Nam. The domestic industrial sector, which contributes 50 per cent…

Read More
Vietnam 

Aviation sector growth slows – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Passengers make check-in procedures at the Nội Bài International Airport. — VNA/VNS Photo Việt Hùng HÀ NỘI — The air travel market grew in the first half of this year, however the growth rate slowed down compared to the same period last year, according to the Civil Aviation Authority of Vietnam (CAAV). A CAAV report on aviation service quality in the first half of this year found that aviation sector, including local and international airlines, transported 38.5 million passengers, up 9.4 per cent year-on-year. Vietnamese airlines operate 48 domestic routes…

Read More
Vietnam 

HCM City firms’ exports increase by 9.2 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  To succeed in a demanding market like the EU, Vietnamese firms should improve the quality of their goods, invest in technology and become more professional, economist Nguyễn Trí Hiếu said. — VNA/VNS Photo HCM CITY — Exports by HCM City-based enterprises in the first six months of the year topped US$19.6 billion, a 9.2 per cent increase year-on-year, according to the city People’s Committee. Industrial products accounted for $13 billion, or nearly 77 per cent. Exports of computers, electronic products and components were worth $6 billion, an increase of 43…

Read More
Vietnam 

Promoting renewable energy an urgent requirement: Experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A solar power plant in Tây Ninh Province. With demand for energy increasing, the efficient use of energy and promoting renewable energy have become urgent requirements. — Photo courtesy of TTC HCM CITY — Along with its rapid economic growth, Việt Nam’s electricity demand is also increasing strongly, at around 10 per cent a year, causing huge pressure on the energy sector, according to the Ministry of Industry and Trade. Trương Thanh Hoài, director general of the ministry’s industry department, said the country’s total electricity…

Read More
Vietnam 

VN stocks to struggle amid mixed corporate earnings – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Photo shows the Nam Tân Uyên Town in southern Bình Dương Province, where industrial park developer Nam Tân Uyên JSC is headquartered. Industrial realty stocks have been quite attractive on the stock market but analysts have warned they are running out of momentum as good news begins to fade. — Photo dantri.com.vn HÀ NỘI — The ongoing earnings season has created a divergence among groups of stocks and could derail the market from its short-term uptrend. Việt Nam’s benchmark VN-Index has increased by total 4.16 per cent from the close of 943.11…

Read More
Vietnam 

HCM City sets scorching economic pace in first half – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The HCM City economy grew at a rapid 7.86 per cent in the first half of 2019. — VNS Photo Ngọc Diệp HCM CITY — HCM City’s economy grew by 7.86 per cent year-on-year in the first half of the year to VNĐ611.5  trillion (US$26.3 billion). The city People’s Committee announced this yesterday (July 19) at a meeting held to review the socio-economic performance in the first six months and finalise plans for the remaining months. During the period the service sector grew at 8.06 per cent, industry and construction at…

Read More