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Vietnam needs to reduce logistics costs to compete: PM

Heightened costs stem from reliance on land-based transport and inefficient delivery systems. Vietnam’s inflated logistics costs are putting a strain on local businesses and need to be cut in order to make firms more competitive, said Prime Minister Nguyen Xuan Phuc. The PM was speaking at a conference held by the Ministry of Industry and […]

800 Koreans signed up for Vietnamese oral tests last year, an increase of 15 percent from 2016, according to reports

Koreans rush to study Vietnamese for new business opportunities amidst China’s boycott 23/04/18 Near the busy Gangnam Subway Station in Seoul, about eight private language institutions have already opened Vietnamese classes, as cited by Chosun Ilbo. “We increased the number of classes from one to 11 only a month after we opened the Vietnamese course. We’ve […]

Samsung Electronics to expand production in Vietnam

Samsung is the largest foreign investor in Vietnam and accounts for around a quarter of the country’s total export revenue. Samsung Electronics Co. is determined to further expand production in Vietnam, co-CEO Koh Dong-jin told Vietnamese Prime Minister Nguyen Xuan Phuc on Friday. Samsung will recruit more Vietnamese employees and develop electronics in smart cities […]

Binh Thuan to grant permit to Song Luy 1 solar power plant

BTO – People’s Committee of Binh Thuan province has recently issued decision on investment intention to Song Luy 1 solar power plant invested by Binh Thuan Quang Dien JSC. The project has a capacity of 39 Mwac, using polycrystalline silicon photovoltaic technology and central inverter. It is connected to the national power system via 110-Kv connection […]

Vietnam sees flourishing food and beverage industry

Vietnam, a market of 93 million people, is seeing rapidly growing consumer demand for food and beverage (F&B) products, offering ample space for the F&B sector to expand. The Ministry of Industry and Trade estimated Vietnam’s annual consumption of food and drink products accounts for about 15 percent of Gross Domestic Products (GDP) and this […]

Vinh Tan 2 thermal power plant generates record 20 bln kWh

As of March 30, 2018, Vinh Tan 2 thermal power plant, located in Tuy Phong, the southern province of Binh Thuan, generated 20 billion kWh of power for the national grid.  Vinh Tan 2 thermal power plant The operation of the first coal-fueled thermal power plant in the south has made crucial contributions to satisfying the power demand for the nation’s development, ensuring to provide […]

Work begins on solar power project in Ninh Thuan

 The construction of a solar power plant with a capacity of 50 MW has kicked off in Phuoc Dinh commune of Thuan Nam district, the south central province of Ninh Thuan.   Chairman of the Ninh Thuan People’s Committee Luu Xuan Vinh said according to international organisations, Ninh Thuan is eligible to develop renewable energy. It has the average wind speed of 7.1 metres per second at a height of 65 metres, while the number of sun hours […]

ICAPP, VN enhances cooperation

Head of the Communist Party of Viet Nam (CPV) Central Committee’s Commission for External Relations Hoang Binh Quan has received Park Ro-byug, Secretary General of the International Conference of Asian Political Parties (ICAPP). Head of the Communist Party of Viet Nam (CPV) Central Committee’s Commission for External Relations Hoang Binh Quan receives Park Ro-byug, Secretary General of the International Conference of […]

RoK ambassador awarded Viet Nam’s friendship medal

Outgoing Ambassador of the Republic of Korea (RoK) to Viet Nam Lee Hyuk has been awarded with the medal ‘for Peace and Friendship among Nations’ by Vice President and General Secretary of the Viet Nam Union of Friendship Organizations (VUFO) Don Tuan Phong. At a conferral ceremony, VUFO’s Vice President Phong said that the outgoing Ambassador of RoK  has made significant contributions to strengthening the friendship between the […]

Vietnam’s green energy projects sprouting up in slow motion: report

Despite rapid growth, a lack of information is stunting the developments of renewable energy projects in Vietnam. The number of renewable energy projects in Vietnam has been rising rapidly over the last 10 months, according to a report released on Monday last week by a Vietnamese finance and business information corporation. Nine projects to generate […]