News
Vietnam builds a $1.7 billion port, and now it lies waiting for ships
More than six years since its opening, a VND40-trillion (US$1.75 billion) deep-river port complex in the southern province of Ba Ria-Vung Tau is still struggling to reach its designed capacity. Statistics from the province’s transport department showed that a total of 1.16 million TEUs were handled ...
Rice exports: It’s time for the “giants” to leave
Rice exports seem to be the playground of big State-owned corporations, which are able to impose unfavorable conditions on others, especially farmers. The export floor price for rice is stipulated in Decree 109/2011/ND-CP, which is determined under the guidance of the Vietnam Food Association (VFA) based ...
China, Vietnam vow to promote economic ties
Visiting Vietnamese Deputy Prime Minister Nguyen Xuan Phuc said on 17 September that Vietnam will strive to develop balanced and sustainable trade with China. Chinese enterprises are encouraged to increase investment in infrastructure and interconnectivity projects in Vietnam, said Nguyen Xuan Phuc at the China-Vietnam Economic and ...
Thai marine police claim 'self defence' in firing on Vietnamese fishermen
Thai maritime police said they opened fire on a Vietnamese fishing boat while trying to intercept another vessel in waters near Malaysia last week, a clash Vietnamese state media said killed a fisherman and wounded two others. Officials from the two countries were quoted on 16 ...
Ho Chi Minh traffic turns crazy as roads become rivers
Many people in Ho Chi Minh City have described the heavy rain on 15 September as “historical,” “worst” and “suffocating” while some just gave it a swear word. The rain, which is possibly the biggest this monsoon, sent traffic in the country’s largest city to even more ...
Japan pledges patrol vessels, loans to Vietnam
Japan pledges to provide Vietnam with 200 million yen (US$1.6 million) in non-refundable aid to buy Japanese used patrol ships for its maritime safety in the 2015 fiscal year, according to a joint statement issued on 15 September following Communist Party General Secretary Nguyen Phu Trong’s ...
Japan pledges 100bn yen in loans for Vietnam
Japanese Prime Minister Shinzo Abe pledged on 15 September that his country will extend 100 billion yen ($835 million) in loans for Vietnam to boost the Southeast Asian economy’s infrastructural development, as Tokyo and Hanoi aim to strengthen ties on the economic and security fronts. Keep reading ...
Hanoi's tap water to cost more next month
Hanoi’s tap water rate will be raised by 20 percent to at least 30.5 US cents per cubic meter from next month, the capital’s water utility has said. Keep reading ...
Operators in Mekong's five nations keen on cross-country promotion
Inbound tour operators in mainland South-east Asia are benefiting from cross-promotion of the Mekong subregion, according to delegates at last week’s International Tourism Expo in Ho Chi Minh City. Keep reading ...
US slashes anti-dumping tax on Vietnamese shrimp
The US Department of Commerce has cut anti-dumping tariffs on Vietnamese shrimp by up to 86 percent, giving rise to hope that shrimp exports to that country will increase in the remaining months of this year. Keep reading ...
