Industry

Containers are loaded at Da Nang Port in Da Nang city (Photo: VNA) Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) is aiming to raise Vietnam’s ranking in the World Bank’s Logistics Performance Index (LPI) by five to 10 places by 2025. In 2018, Vietnam stood at 39th position in the global LPI rankings. The target was set in the MoIT’s recently-issued plan for improving Vietnam’s logistics performance, part of efforts to realise the Government’s Resolution No.02/NQ-CP on the continued implementation of solutions to improve the business climate and national competitiveness in 2019. [Video: VN among the world’s top ten emerging markets by logistics] The plan set up 49 tasks associated with sub-indexes of the LPI for ministries, sectors, and localities. Task groups include those on upgrading infrastructure, improving the distribution capacity, promoting the competence and quality of logistics services, maximising the ability to track … [Read more...] about Plan aims to raise Vietnam’s position in global logistics rankings

Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s foreign trade turnover is likely to surpass 500 billion USD in 2019, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference in Hanoi on December 12. The total import-export turnover in January-November was estimated at 472 billion USD, he noted. In the 11-month period, Vietnam exported 241.7 billion USD worth of goods, a year-on-year rise of 7.9 percent. The country spent 230.7 billion USD on imports, up 6.6 percent from the same period last year. Hai said these outcomes were achieved in the context of sluggish global economy due to increasing risks, challenges, and trade protectionism. Despites difficulties in 2019, the Vietnamese Government and ministries have spared no effort to simplify administrative and investment procedures, said Nguyen Cam Trang, deputy head of the Import-Export Department under the Ministry of Industry and Trade (MoIT). To date, Vietnam has joined negotiation and … [Read more...] about Vietnam’s foreign trade to exceed 500 billion USD in 2019

A delegation of Vietnam attended the Concluding Senior Officials’ Meeting (CSOM) of the Asia-Pacific Economic Cooperation (APEC), which took place in Port Moresby, Papua New Guinea on November 12-13 (Photo: vtv.vn)   Hanoi (VNA) – A delegation of Vietnam attended the Concluding Senior Officials’ Meeting (CSOM) of the Asia-Pacific Economic Cooperation (APEC), which took place in Port Moresby, Papua New Guinea on November 12-13. The delegation, comprising of officials of the Ministry of Foreign Affairs and the Ministry Industry and Trade, actively participated in discussions and made various contributions to the compilation of dossiers for the 30th meeting of APEC ministers of foreign affairs and economy. The CSOM is the first event of the 26th APEC Economic Leaders’ Week, which runs through November 18. At the CSOM, APEC senior officials spoke highly of the 2017 APEC Economic Leaders’ Week in Da Nang city of Vietnam for maintaining the momentum of … [Read more...] about Vietnam takes part in 2018 APEC CSOM in Papua New Guinea

Illustrative image (Photo: VNA) The festival will see 11 major programs take place, including the opening ceremony of the eighth Dalat Flower Festival – 2019 in Lam Vien Square, a special art program, a flower space around the Xuan Huong Lake area, an international exhibition of flowers and ornamental plants, in addition to a Bao Loc silk and brocade fashion show. According to organisers, the event will host a wide range of activities aimed at honouring the value of Da Lat’s flower industry and promoting the development of the local tea and silk industry. Most notably, Xuan Huong lake will be redesigned to match the cultural spaces of the Ma, K'Ho, and Chu Ru ethnic minority people who live throughout Lam Dong province. During the festival, Lam Dong Tea Culture and Silk Week will be held in Bao Loc city with the aim of promoting tourism and the development of tea and silk production regionally with an array of exciting activities taking place for guests to enjoy. … [Read more...] about Da Lat Flower Festival to offer diverse range of attractive programs

A farmer collects herbal plants. (Source: VNA) Hanoi (VNA) - The supply, price and use of herbal medicines will be tightened by strengthening policies on quality assessment at medical facilities, Minister of Health Nguyen Thi Kim Tien has stressed.  Speaking at a recent conference, Tien said that for a long time, prices of medicines in Vietnam have been higher than in other regional countries, putting a huge burden on the social insurance fund. The difference in prices of traditional herbal medicines reflects the distinguished quality of medicinal plants, according to Tran Van On, head of the Department of Botany under Hanoi University of Pharmacy. Since Vietnam has a rich biodiversity, one herbal species includes different types with various sizes. “Consumers may buy poor-quality herbal medicines at high prices if we do not set a common standard for these products,” said On. With the aim of addressing the issue, he recommended the Ministry of Health (MoH) to … [Read more...] about Prices of herbal medicines to be standardised