Vietnam trade partners

Part of a project on developing and improving awareness of creative education in the Mekong Delta city of Can Tho, Dream Space was inaugurated at the Can Tho School of Culture and Arts by the Asia Music & Performing Arts (AMPA) Education on January 15. … [Read more...] about VIETNAM NEWS JANUARY 18

The 14th Shangri-La Dialogue ended in Singapore on May 31 with a message that dialogue is needed to build trust and transparency. German Defence Minister Ursula von der Layen said this is the first time German has joined the dialogue, which gives the country an opportunity to exchange experience and learn from other countries. She highlighted that transparency and trust building is key to cooperation, adding that together with security structure and mutual benefit they are the pillars for successful partnership. Sharing Layen’s opinion, New Zealand Defence Minister Gerry Brownlee said his country attaches much importance to the maintenance of peace, stability and prosperity in the region. Therefore, New Zealand wishes to engage more closely in regional security structure through bilateral and multilateral dialogues at all levels, he said. He also expressed concern on tension-causing acts on the East Sea, stressing that his country is willing to join hands in … [Read more...] about 14th Shangri-La Dialogue: dialogue to build trust, transparency

“Generally, all foreign investors regardless of corporate or financial investors look for the same thing: supporting their investee to grow, adding value and synergies to their portfolio of investments, and strengthening and generating financial returns,” he said. “For most Thai buyers, our general observation is that they do understand the general business practices in an emerging country like Vietnam, as most of their countries underwent the same business trajectory before.” … [Read more...] about Long-term development commitments realised through strategic M&A moves

Hanoi (VNA) – The southern province of Dong Nai will build four routes linking localities with the area of Long Thanh International Airport whose construction began earlier this month. According to Nguyen Bon, Deputy Director of the provincial Department of Transport, the construction of the roads, each stretching 45-60m, is expected to cost thousands of trillions of Vietnam dong. The routes include three directly leading to the airport, notably one running from the intersection with road DT 763 in Dinh Quan district, Dong Nai province, to National Highway 51 in Long Thanh district. The route, with investment of 2.3 trillion VND (99.2 million USD), has been regarded as a strategic road connecting Long Khanh city and such districts as Dinh Quan, Thong Nhat and Cam My with the airport. The other aims to connect localities in the eastern part of Dong Nai, and ease overloads for National Highways 1A and 20, and the Dau Giay intersection. Dong Nai also plans to expand and … [Read more...] about Routes leading to Long Thanh airport to be built

Hanoi (VNA) – Vietnam’s largest petroleum retailer Petrolimex has reported that earned almost 1.27 trillion VND (55 million USD) in pre-tax profit in 2020, equivalent to 81 percent of this year’s target and down nearly 76 percent from 2019. Under the double impact of the COVID-19 pandemic and the plunge in oil prices in 2020, Petrolimex failed to hit its profit target for the year and recorded the company’s lowest annual profit figure since 2015. Total consolidated revenue was estimated at 123 trillion VND, surpassing the whole-year goal by 1 percent, but the achievement was 35 percent lower than the 2019 revenue. The company contributed 38.5 trillion VND to the State budget in 2020. In 2021, the group will implement its divestment plan and reduce the State's ownership. Currently, the State holds 81.89 percent of Petrolimex's capital, a figure expected to be cut to 51 percent. Petrolimex will soon deploy the divestment of the group at Petrolimex … [Read more...] about Petrolimex’s profit falls to five-year low