Hanoi and South Korea's Incheon aim to increase their visibility among Vietnamese and international travelers through a series of events to promote MICE (Meetings, Incentives, Conferences and Exhibitions) tourism and medical tourism to Vietnam.
Vietnam is making efforts to tighten control over Chinese goods seeking to be designated Vietnamese-made items.
Vietnam is making efforts to tighten control over Chinese goods seeking to be designated Vietnamese-made items.
Vietnam is making efforts to tighten control over Chinese goods seeking to be designated Vietnamese-made items.
Sales of domestically assembled cars reached 107,006 units in the January – July period, down 14% year-on-year, while the sale volume of imported completely-built-units (CBUs) jumped 207% to 73,934 units.
The Vietnamese shipping fleet consists mostly of general cargo vessels but lacks container ships and specialized ships.
Visa and HCMC DOT intend to collaborate to increase the acceptance of digital payments and implement a secure open-loop payment system across all transportation networks.
Nearly 90% of the input materials for the industry is currently being imported from countries which are not members of the EU or those which the bloc has signed trade deals with.
The Hanoitimes - Prime Minister Nguyen Xuan Phuc admitted although Vietnam has gained initial success in global supply chains, Vietnamese businesses have mainly joined these chains in fields such as assembling or product packaging, which are lower in value and lack sustainability in supply chains.rn
Vietnam likely to face severe power shortage from 2021 as the consumption keeps growing while the construction of power plants remains sluggish.
The alleged dumping margins for Vietnam would be 39.97% to 65.96% if any clues are found.
Liquefied natural gas (LNG) has a greater role in feeding Vietnam`s growing demand for electricity amid its efforts to reduce coal power.
Should the purchasing managers’ index (PMI) remain around the current level for the rest of the quarter, PMI-based estimates suggest that manufacturing output will be set for further double-digit year-on-year growth in the third quarter of 2019, said an expert.
The domestic steel industry in the first half of the year produced a total of 12.6 million tons of steel, sold 11.6 million tons, of which 2.5 million tons were exported, increasing by 7.7%, 9.8% and 6.3% year-on-year, respectively.
For the seven-month period, the mining industry growth declined by 28.6% year-on-year while manufacturing and processing was up 7.4%, production and distribution of electricity up 8.1%, and water supply, sewage treatment and water collection up 7.3%.
As of June, Vietnam’s shipping fleet has 1,568 ships with cargo-carrying capacity of 7.8 million DWT, while the average fleet age is 15.6, 5.2 years younger than the global average of 20.8.
Vietnam defends its oil and gas operations as energy is one of three pillars in Vietnam`s economy.
Vietnam is aware of environment impacts from coal power but it struggles to ensure energy security.
Authorities said importing power is a temporary solution only.
All related agencies are required to facilitate the power generation to accommodate the economic growth.
The booming of solar farms has left the national power grid overloaded.
