Can Tho in dire need of international shipping routes A vessel heads for Tan Cang-Cai Cui Port in Can Tho City Although the Government has allowed Can Tho City to expand its logistics center to 242 hectares from the current 75 hectares, the center cannot develop without international shipping routes allowing the city to directly ship goods abroad, said Nguyen Minh Toai, director of the municipal Department of Industry and Trade. At a seminar on development of Can Tho City’s logistics network by 2020, with a vision to 2030, in the city today, February 20, Toai said that Can Tho needs to launch shipping routes through Quan Chanh Bo Canal and Dinh An Estuary to develop a modern logistics center in the city. It costs US$10 to transport each container of goods from Can Tho to Cat Lai Port in HCMC or to Cai Mep-Thi Vai Port in Ba Ria-Vung Tau Province, he said, and the cost is even higher if shipping containers are carried further away. If goods are directly shipped from the … [Read more...] about BUSINESS NEWS IN BRIEF 22/2
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Festivals take place across the country
Tens of thousands of people from different localities flocked to Tran Temple in Nam Dinh province to attend the seal opening ceremony, taking place during the night of February 18 (the 14th day of the first lunar month) till the early morning of February 19 (the 15th day of the first lunar month). Visitors at Tran Temple Festival. (Photo: VNA) Prior to the main event, participants took part in traditional rituals, incense offering, and a palanquin procession. A festival in commemoration of the Hung Kings teaching of rice cultivation to people was held at Dan Tich Dien (Ploughing platform) in Minh Nong ward of Phu Tho province’s Viet Tri city. A festival to commemorate A Loi Can Ngat, a general under the Hai Ba Trung (Trung Sisters) reign, was held in Yen Thuong village, An Hoa commune, Vinh Phuc province’s Tam Duong district. Various activities, including art performances, storytelling, and cultural exchanges were organized during the Bac Nga Temple … [Read more...] about Festivals take place across the country
BUSINESS NEWS IN BRIEF 15/2
Vietnam’s economy set to thrive with new dynamics Vietnam reaped notable achievements in 2018, with economic growth hitting a record high of 7.08%, putting Vietnam on the list of Asia’s fastest-growing economies. New economic dynamics are expected to drive Vietnam forward in 2019 and help it achieve its 5-year plan targets by 2020. Vietnam risks lagging behind in the next decade if it can’t maintain its annual growth of more than 7%. In the government’s recent meeting, Prime Minister Nguyen Xuan Phuc said Vietnam is determined to create more breakthroughs across all fields this year in order to fulfill the 5 year-plan and 10-year strategy. One of the government’s biggest challenges will be helping economic hubs like Ho Chi Minh City and Da Nang revive their growth. Associate Professor Dr. Nguyen Duy Khuong of Singapore’s Lee Kwan Yew School of Public Policy told VOV "It’s important for Vietnam to create a firmer foundation of international … [Read more...] about BUSINESS NEWS IN BRIEF 15/2