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.
Dang Tat Thang, deputy general director of FLC Group JSC and CEO of Bamboo Airways, speaks during a … [+]
MAIKA ELAN/BLOOMBERG
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”→
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.
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”→
Thou Vireak | Publication date 01 December 2019 | 21:00 ICT
Cambodia and Vietnam plan to launch “Da Market” in Tbong Khmum province along their border later this month.
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”→
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).
VNE – By Phan Nghia December 3, 2019 | 01:43 pm GMT+7
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.
CVD 