Direct flights connecting Korea and Danang city of Vietnam are scheduled to begin by July-August this year by Asiana Airlines (Korean Kumho Asiana Group), the airlines’ CEO, Mr Kang Joo An has revealed. Under the plan, 19 flights between Danang International Airport and Incheon International Airport will be introduced to the public. … [Read more...] about Korean airlines to open Incheon-Danang route
Economy
Vietnam urged to focus more on dynamic advantages to attract FDI
The country has relied heavily on static advantages, like low costs in terms of labour, land and natural resources, to lure FDI but these resources are finite, Thang told a workshop reviewing the efficiency of Vietnam’s FDI attraction policies co-held by the CIEM and German Development Cooperation Agency (GIZ) in Hanoi. … [Read more...] about Vietnam urged to focus more on dynamic advantages to attract FDI
Vietnam’s 7.02% GDP growth rate: joys and worries
Vietnam’s GDP grew by 7.02 percent in 2019. This was the second consecutive time since 2011 Vietnam had a GDP growth rate higher than 7 percent. According to Nguyen Bich Lam, TFP (total factor productivity) contributed 46.11 percent to GDP in 2019, higher than the 44.46 percent in 2016-2019 and 33.58 percent in 2011-2015. … [Read more...] about Vietnam’s 7.02% GDP growth rate: joys and worries
BUSINESS NEWS HEADLINES JAN. 24
Total assets increased 19.5 per cent compared with the same period last year, reaching VND383.7 trillion with credit growth expanding 18.8 per cent. Techcombank maintained ample liquidity with a loan-to-deposit ratio of 76.3 per cent and short-term funds to medium-to-long-term loans ratio of 38.4 per cent. Techcombank also maintained its position as the best capitalised bank in Viet Nam with a Basel II CAR ratio of 15.5 per cent, nearly double the Basel II Pillar I minimum requirement. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 24
Dong Ky wood village in search of sustainable development
Bold investment and innovation steps in production have opened up new perspectives for Dong Ky craft village. Dong Ky fine art wooden furniture has not only created a sustainable brand but has also taken advantage of favorable conditions for export to foreign markets such as China, Chinese Taipei, Cambodia, Laos and some European countries. Mai Trang … [Read more...] about Dong Ky wood village in search of sustainable development
