Vietnam and China promise to keep talking as they look to settle differences over South China Sea

  • Three-day meeting in Beijing ends with pledges to continue working towards a peaceful solution in the disputed waters
  • Talks follow prolonged stand-off in resource-rich waters
A Chinese coast guard ship photographed from a Vietnamese vessel in the South China Sea. Photo: Reuters
A Chinese coast guard ship photographed from a Vietnamese vessel in the South China Sea. Photo: Reuters

China and Vietnam said that they would continue to look for ways to peacefully resolve their conflict over the South China Sea at the end of a three-day meeting to discuss border issues.

A statement from the Chinese foreign ministry on Friday said the vice-ministerial level talks had discussed border cooperation on land and, more sensitively, maritime issues.

Tiếp tục đọc “Vietnam and China promise to keep talking as they look to settle differences over South China Sea”

Why Vietnam Needs Six Airlines

Ralph Jennings

Vietnam already supports five operating commercial airlines and a sixth is on the way. That’s because so many of the country’s newly minted middle class is literally going places.

Vietnam’s civil aviation authority estimates air passenger traffic will reach 131 million by 2020 following average growth of 16% last year and this year. By 2030, the authority expects 280 million civilian air trips per year.

“All the airplanes are full. The Hanoi-Ho Chi Minh trip is packed every day,” says Mike Lynch, managing director with SSI Institutional Brokerage in Ho Chi Minh City. “They put up airlines and they just fill right up.” Tiếp tục đọc “Why Vietnam Needs Six Airlines”

Samsung to employ 3,000 local engineers for US$300 million R&D center in Hanoi

NOV 29, 2019 / 11:41 Ngoc Thuy

The Hanoitimes – Samsung would continue to increase investment in R&D and supporting industries in Vietnam and seeks more support from the Vietnamese government, said Lee Jae-young, vice chairman of Samsung.

Samsung’s US$300- million research and development (R&D) center, scheduled to become operational in 2022 in Hanoi, would employ 3,000 local engin  eers, according to Lee Jae-young, vice chairman of Samsung.

 Prime Minister Nguyen Xuan Phuc (r) and Vice Chairman of Samsung Lee Jae-young (l). Source: VGP.

Samsung is committed to ensuring efficient operation and successes of its production facilities in Vietnam, contributing to the country’s socio-economic development and Vietnam – South Korea relations, Lee said in a meeting with Prime Minister Nguyen Xuan Phuc in Seoul in November 28.

Lee added Samsung would need more hi-tech engineers in the coming time, especially in the production of semi-conductors, smart phones or hi-tech display screens, with high demand and added value. Tiếp tục đọc “Samsung to employ 3,000 local engineers for US$300 million R&D center in Hanoi”

Vietnam trade surplus expands to US$9.1 billion in Jan-Nov

The Hanoitimes – Vietnam’s trade turnover reached US$473.73 billion in the January – November period, of which its exports amounted to US241.42 billion, up 7.8% year-on-year, and imports totaled US$232.31 billion, up 7.4%.

Vietnam reported an estimated trade surplus of US$100 million in November, resulting in a trade surplus of US$9.1 billion in the first eleven months of this year, the General Statistics Office (GSO) has said in a monthly report. Tiếp tục đọc “Vietnam trade surplus expands to US$9.1 billion in Jan-Nov”

Cambodia-Vietnam market to boost trade

The Ministry of Commerce will cooperate with Vietnam’s Ministry of Industry and Commerce to jointly organise the Cambodia-Vietnam Trade Fair 2019, which runs from December 24 to 26.

In July 2017, officials signed a memorandum of understanding (MoU) to start the project, which is the first of its kind and reached the target of $5 billion in trade set by both leaders.

Construction on Da Market began in February 2018 and spans across 19,500sqm of the Thary Tbong Khmum Special Economic Zone in Memot district, Tbong Khmum province. Tiếp tục đọc “Cambodia-Vietnam market to boost trade”

Vietnam remains among top 10 remittance recipients in 2019

DEC 02, 2019 / 16:53 – Ngoc Thuy

The Hanoitimes – Remittance, along with foreign direct and indirect investment and official development assistance, is a major source of Vietnam’s foreign currency supply.

In 2019, in current US dollar terms, Vietnam is projected to be among the 10 largest remittance recipients with an inflow of nearly US$16.7 billion, or 6.4% of its GDP, a slight increase from the US$16 billion received in 2018, according to the World Bank’s latest data.

 Data: World Bank. Chart: Ngoc Thuy (Unit: million USD).

This would be a third consecutive year that Vietnam continues to remain in the top 10 ranking in terms of remittance, reaching US$13.8 billion in 2017 and US$15.9 billion in 2018, respectively. Tiếp tục đọc “Vietnam remains among top 10 remittance recipients in 2019”

HCMC to get 150-ha public park

VNE – By Phan Nghia   December 3, 2019 | 01:43 pm GMT+7

HCMC to get 150-ha public park
Trees at a park in downtown Ho Chi Minh City. Photo by VnExpress/Quynh Tran.

Ho Chi Minh City has green-lighted the construction of a 150-hectare park in District 12 in the northwest.

The multipurpose park, to be situated in Thanh Xuan and Thoi An wards, would increase the total area of parks in the city by a third from the current 491 hectares.

The district will draft detailed construction plans but has released no information yet about the timeline and cost. Tiếp tục đọc “HCMC to get 150-ha public park”