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.
The delta of the Mekong River in Vietnam has been heavily impacted by anthropogenic stresses in recent years, such as upstream dam construction and sand mining within the main and distributary channels, leading to riverbank and coastal erosion. Intensive bathymetric surveys, conducted within the Tien River branch during the dry and wet season 2018, reveal a high magnitude of sand mining activities. For the year 2018, an analysis of bathymetric maps and the local refilling processes leads to an estimated sand extraction volume of 4.64 ±± 0.31 Mm33/yr in the study area, which covered around 20 km. Reported statistics of sand mining for all of the Mekong’s channels within the delta, which have a cumulative length of several hundred kilometres, are 17.77 Mm33/yr for this period. Results from this study highlight that these statistics are likely too conservative. It is also shown that natural sediment supplies from upper reaches of the Mekong are insufficient to compensate for the loss of extracted bed aggregates, illustrating the non-sustainable nature of the local sand mining practices.
A policy reversal on Mekong dams has put Hanoi’s credibility – and the river’s fate – on the line
The recent decision by a Vietnamese oil company, Petrovietnam, to invest in a huge dam close to the much-loved World Heritage Site in Luang Prabang, Laos, has caused confusion and dismay for many Mekong experts, civil society groups, and some government officials in Hanoi.
A cascade of dam projects on the Lower Mekong in Laos has triggered consistent expressions of critical concern from Vietnam, with its delta highly vulnerable to such dams’ damaging downstream impacts. Back in 2011, the former Vietnamese prime minister publicly called for all construction to stop on the Xayaburi dam. Vietnam has also called upon Laos to rethink all subsequent dams. Tiếp tục đọc “Did Vietnam Just Doom the Mekong?”→
Vietnam food and beverage market size is poised to report strong growth rate over the forecast period due to increasing population, rising disposable incomes, coupled with changing trends and product innovations. On the other hand, intense government regulations, raw material price fluctuations can negatively impact the growth of the market.
The increasing number of restaurants, fast-food chains, and food delivery apps such as grub hub, caviar, and others enhance the availability to consumers, resulting in strong growth in the food and beverage industry. Besides, rising demand for organic, natural and fresh foods among consumers due to rising health awareness is the major factor expected to enhance the demand for the food and beverage market. Tiếp tục đọc “Vietnam Food And Beverages Market Business Attractiveness and Forecast to 2026”→
VNE – By Phan Anh December 1, 2019 | 10:58 am GMT+7
A Vietnamese woman who was rescued in 2018 after being sold to China. Photo by AFP/Manan Vatsyayana.
Vietnam is a human trafficking and illegal migration hotspot with annual profits worth tens of billions of dollars, according to the Ministry of Public Security.
“Vietnam is considered a hotspot for human trafficking and illegal migration among countries in the Mekong Subregion, with estimated profits of tens of billions of U.S. dollars per year,” Le Van Nhan, deputy head of the anti-human trafficking division under the Public Security Ministry, said at a conference held in HCMC Friday. Tiếp tục đọc “Vietnam human trafficking worth billions of dollars a year”→
CVD 