Agri Index introduces rice exchange project
CANTHO – Agri Index has introduced a project to set up an exchange for rice and rice by-products made through a circular economy model. The project is intended to connect those entities focusing on circularity in rice production in Dong Thap and other Mekong Delta provinces. When in place, the
Vietnam’s forest product exports hit record this year
HCMC – The export value of Vietnamese forest products is estimated to reach US$16.5 billion in 2022, up 4% over the same period last year, resulting in a trade surplus of around US$13 billion, according to the Ministry of Agriculture and Rural Development. Despite woes being caused by the
Trade remedy cases against Vietnam’s exports rise rapidly
HCMC – Vietnam had recorded 224 cases subject to the trade remedies of other countries in the year to October, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. For the trade remedy cases, 26 were reported from 2005 to 2010 and 52 in 2011-2015, while
Contractors chosen for North-South Expy’s two bidding packages
HCMC – Project Management Unit No. 7 under the Ministry of Transport has chosen two consortiums of contractors for the bidding packages of the Chi Thanh-Van Phong and Van Phong-Nha Trang sections of the second-phase North-South Expressway. The VND4.4-trillion package of the Chi Thanh-Van Phong
Tra fish exports hit all-time high
HCMC – The tra fish export revenue this year is expected to set a new record of US$2.4 billion, soaring by 70% over 2021, according to the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development. The tra fish farming area in Vietnam is about 5,500 hectares with
Damsan to increase stake in energy subsidiary
HCMC – Damsan Joint Stock Company, whose ADS shares are traded on the Hochiminh Stock Exchange, plans to pump an additional VND86.4 billion into its energy business arm, called AD Green Corporation, in the first quarter of 2023. The board of Damsan has passed a resolution on the capital
Large room for exports to UK remains
HCMC – Made-in-Vietnam products, including Vietnam’s agro-aqua products, have become more popular in the UK market during the last two years, backed by the efforts of Vietnamese exporters and the United Kingdom Vietnam Free Trade Agreement (UKVFTA) with official validity as of May 1, 2021. Under
VND35-trillion bidding package in Long Thanh airport project cancelled
HCMC – The Airports Corporation of Vietnam (ACV) has decided to cancel a VND35.2-trillion bidding package under the Long Thanh International Airport project, citing ineligible bidding documents. Contract package 5.10 involves design, construction and equipment installation in the passenger
Can Tho City, Indonesia to enhance investment, trade
CANTHO – The Indonesian Consulate General to HCMC and the Can Tho Promotion Agency (CPA) co-held a seminar on business opportunities and trade connection with Indonesian partners on December 17 as part of the Indonesian festivals in the Mekong Delta city of Can Tho from December 17 to 18.
Nearly 1,000 domestic flights a day planned for Lunar New Year
HCMC – Vietnamese air carriers expect to operate 950-990 domestic flights per day before and during the Lunar New Year holiday to meeting the strong spike in air travels, according to the Civil Aviation Authority of Vietnam (CAAV). The number of daily domestic flights will increase by 250-290,
VITAS works out growth scenarios for textile industry in 2023
HCMC – The Vietnam Textile and Apparel Association (VITAS) has forecast two scenarios for Vietnam’s textile and apparel next year. VITAS said that exports of key industries, including textiles, would plunge in early 2023 due to runaway inflation and expectations of global recession, resulting in a
Vietnam, South Korea to step up tourism cooperation
HCMC – Vietnamese and South Korean tourism authorities inked a memorandum of understanding (MOU) strengthening bilateral cooperation in tourism yesterday, December 16, according to the Ministry of Culture, Sports and Tourism. The two sides want to deepen their ties in promoting digital
More bus trips for New Year holiday
HCMC – The HCMC Management Center of Public Transport plans to add commuter bus trips on certain routes to meet the rising demand during the New Year holiday. The additional bus trips will be operational from December 31, 2022 until January 2, 2023. Some 46 more trips will be scheduled a day. The
Rice exports to Northern Europe rise sharply
HCMC – Vietnamese rice exports to the North European market surged 73% between 2017 and 2021 annually, backed by the European Union-Vietnam Free Trade Agreement (EVFTA). In 2021, Northern European countries purchased around 5,646 tons of Vietnamese rice worth US$5.51 million, according to the
MGi PropTech, NVC Vietnam enter partnership for property brokerage project
HCMC – MGi PropTech on December 15 inked a strategic cooperation partnership with Fintech company Next Vision Capital Vietnam (NVC), an affiliated company of the Singapore-based NVC Group. On the same day, it announced its new project, RealXinvest, aimed at cutting down the sales cycle length to
Tax department launches portal connected with e-commerce platforms
HCMC – The General Department of Taxation has launched an e-Portal connected with domestic e-commerce platforms, which will receive data of business organizations and individuals via e-commerce platforms. Launching an e-commerce information portal aims to ease bureaucratic tax procedures and save
