Marine economy satellite account

Reports revealed that the Saigon Newport Corporation has effectively carried out the defense and security consolidation in combination with socio-economic development. The unit has always fulfilled production and trade missions excellently and obtained sustainable achievements in port operations, logistics services, and marine economy while effectively carrying out military and defense mission. So far, the military business has invested in building a synchronous and modern infrastructure system in all three regions of the country and at key areas holding a strategic position both in terms of defense and security and economy. The Saigon Newport Corporation has been listed in the world’s top 19 container terminal operators in terms of throughput and held the No.1 position in Vietnam in terms of port operations. The unit is currently undertaking port services for over 55% of the market share of import and export containers through seaports nationwide. Every year, Saigon Newport … [Read more...] about General Staff’s Chief works with Saigon Newport Corporation

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first seven months of this year, tra fish exports to Mexico grew by 73%, reaching 73.5 million USD and accounting for 4.5% of Vietnam's total turnover. Over 90% of tra fish shipped to the market were frozen fillets. In July alone, the country spent more than 11 million USD on the Vietnamese product, doubling that of the same period last year. Le Hang, Deputy Director of the VASEP Training and Trade Promotion Center, said with the advantage of competitive prices, plus preferential tax benefits under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnamese seafood remains a good choice for Mexican importers. In the first half of this year, 30 Vietnamese seafood enterprises exported tra fish to Mexico. Many processing enterprises in the Mekong Delta localities of Dong Thap, An Giang, Ben Tre, Can Tho and Vinh Long are also increasing their shipments to the … [Read more...] about Mexico becomes bright spot for Vietnam’s tra fish exports

The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year

The platform comprises the two websites geodata-stnmt.tphcm.gov.vn and esb-stnmt.tphcm.gov.vn to store a total 450 resource and environmental data files of the whole city, including information on subdivision, land area, zoning plans, land use purposes and land subsidence, Bui Hong Son, director of the information-technology center under the Department of Natural Resources and Environment announced Wednesday. "This platform is similar to Google Maps, and businesses and citizens can use data from it, like ride-hailing firms use Google’s remote sensing data for their services," he said. Son said before the platform was launched, anyone that needs to get access to such data had to send a report to the department to ask for permission and wait for approval. Now with this platform, people can access information online for free while state agencies will be provided with accounts to download files if required. Deputy Chairman of Binh Tan District Vu Chi Kien said in the past two … [Read more...] about HCMC launches online land data platform

American agricultural products are available in many parts of Vietnam and some are becoming well-received in the country of 100 million people. Agriculture plays a prominent role in trade relations between the US and Vietnam, US Ambassador to Vietnam Marc Evans Knapper has said. US Ambassador to Vietnam Marc Evans Knapper at a press conference in Hanoi. Photo: NLD The ambassador shared the idea at the United Tastes of Food and Wine Reception held in Hanoi earlier this week in collaboration between the US Embassy, the California Milk Advisory Board, and the Nebraska Department of Agriculture. To boost the market share of American agricultural products in the Southeast Asian country, relevant agencies are working for further availability. “We are looking for ways to expand US agricultural imports into Vietnam,” Ambassador Knapper said. What Ambassador Knapper said might be true, based on the fact that American agricultural products are safe and … [Read more...] about [Vietnam-US relations] Agriculture – a prominent pillar in US-Vietnam trade: Marc Knapper

SHANGHAI/PARIS -- From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering. Data this week showed China's economy slowed unexpectedly, prompting a central bank rate cut, while macroeconomic trends are disproportionately impacting the extra funds that those born between 1996 and 2012 might use to enter the world of luxury. Whereas in North America and Europe, inflation and … [Read more...] about Luxury sneakers may be a step too far for cash-strapped Gen Z