Triathletes start the 2019 TECHCOMBANK IRONMAN 70.3 Vietnam on beach of Đà Nẵng. Registration for the 2020 TECHCOMBANK IRONMAN 70.3 Vietnam competition officially opened on Friday for competition next May. — VNS Photo Công Thành ĐÀ NẴNG — Registration for the 2020 TECHCOMBANK IRONMAN 70.3 Vietnam competition opened on Friday, offering early registration for 600 people in a two-month period. The race’s organisers made the announcement in a statement on Friday, stating that early registrants will receive a complimentary option to personalise their race medals with their name and finish time. Thousands of athletes are expected to join the 6th annual TECHCOMBANK IRONMAN 70.3 Vietnam in Đà Nẵng recently chosen as one of the ’52 Places to Go in 2019’ by the New York Times, with a US$15,000 professional prize purse on offer from May 7-10 next year. The race also … [Read more...] about Đà Nẵng ironman contest opens for registration
70 3 da nang 2019
Foreign investment triples in Da Nang
(VEN) - The Spring Dialogue 2019 held by the Party Committee and People’s Committee of Da Nang City on March 1 attracted the participation of reputable Vietnamese and foreign groups. Numbers speak for themselves At the event, eight investment registration certificates were handed over to groups and companies to invest a total of nearly US$500 million in Da Nang, more than triple the amount of foreign direct investment (FDI) attracted by the city throughout last year (US$153.6 million). The investment projects cover key sectors of the provincial economy: high-tech industries, including information technology, and high-quality services. Major examples include the Universal Alloy Corporation Asia Pte. LTD (USA)’s US$170 million Sunshine aircraft component manufacturing project based in the Da Nang Hi-tech Park; and an electronics manufacturing and assembly project based in the Hoa Khanh Industrial Park expansion, with total investment of US$70 million from Key Tronic EMS, a … [Read more...] about Foreign investment triples in Da Nang
Da Nang grants value certificate to six local products
The “Da Nang Value 2018” certificate was recently presented to six locally-made products (Photo: thoibaotaichinhvietnam.vn) Da Nang (VNA) – The central city of Da Nang has awarded the “Da Nang Value 2018” certificate to six locally-made products in a move to encourage the production of unique local goods serving tourists. The six products include Merriman-branded men’s shirts and pants with expandable waist band of the Hoa Tho garment company, the model of Rong (Dragon) bridge made by Le Quang Huy fine arts import-export company, and Huong Que-branded shoe insole of Huong Que company. Da Nang began to select typical tourism products in mid-2018 based on such criteria as their relevance to the city’s history, culture, landscape and relics, the use of local materials and Da Nang-related symbols. In order to be selected, products should also be produced in the city, or have at least 70 percent of their value generated from the city-based … [Read more...] about Da Nang grants value certificate to six local products
BUSINESS NEWS IN BRIEF 1/3
Vietnam, DPRK advised to foster economic cooperation A confectionery production line Vietnam and the Democratic People’s Republic of Korea (DPRK) should maintain exchanges through political and diplomatic channels and step up the sharing of information on policies and regulations related to import-export and investment so as to boost bilateral economic and trade ties, according to an official from the Ministry of Industry and Trade. Do Quoc Hung, Deputy Head of the ministry’s Asia-Africa Market Department, further suggested the two countries’ enterprises actively participate in trade promotion activities and fairs in each country to foster their imports and exports that are not banned following the United Nations Security Council’s resolutions. According to the ministry, before 2010, Vietnam mainly bartered with the DPRK. Since 2011, the country has not imported goods from the DPRK, but mainly exported pharmaceutical products, plant oil, consumer … [Read more...] about BUSINESS NEWS IN BRIEF 1/3
Nagoya-Đà Nẵng direct flight set to launch in 2019
A new terminal was opened at Da Nang international Airport to host the increasing number of tourists visiting the city. A new direct flight between Da Nang and Nagoya, Japan will launch later in 2019. — VNS Photo Tran Le Lam The central city’s international airport administration, in co-operation with Chubu Centrair airport, Japan, plans to launch daily direct flights connecting Da Nang and Nagoya later this year. Director of Da Nang International Airport Adminitration, Le Xuan Tung, said the two sides had agreed to host two chartered flights between Da Nang and Nagoya in May and August of 2019 as part of a promotion programme to soon launch a daily direct flight in the fourth quarter. Tung said the two airport authorities would ink a Memorandum of Understanding (MoU) during an investment and tourism promotion event in Nagoya on February 20. He said Chubu Centrair airport – which is one of the eight largest airports in Japan, has a similar capacity to the Da Nang … [Read more...] about Nagoya-Đà Nẵng direct flight set to launch in 2019
Vietnam Airlines eyes stock market listing in 2019
"Vietnam Airlines will go public in the first quarter of next year," its chief executive, Duong Tri Thanh, told the Financial Times. "We are making our target the first quarter of next year, and I think it is feasible." But he admitted the final decision rests with the government. The carrier’s shares are traded on Hanoi’s Unlisted Public Company Market (UPCoM) and it has a market capitalization of more than $2 billion. The government currently owns around 86 percent of Vietnam Airlines, but has said it wants to reduce this to 51 percent by 2020. The country’s largest airline by passengers carried now faces rising competition from budget carrier VietJet Aviation and others. Last month Vietjet became the second most valuable airline in Southeast Asia by market cap behind only Singapore Airlines. With the domestic market showing signs of saturation, Vietnam Airlines seeks to expand overseas. In October it started a daily service from central Da Nang City to Osaka … [Read more...] about Vietnam Airlines eyes stock market listing in 2019
Đà Nẵng to develop a new internal water cargo route
Viet Nam News ĐÀ NẴNG — The central city of Đà Nẵng plans to build an internal water route and pier system to transport cargo between Tiên Sa and Liên Chiểu ports and ease congestion on National Highway 14B caused by commercial cargo. General Director of Đà Nẵng Port Joint Stock Company Nguyễn Hữu Sia told the Việt Nam News the project will be built with total investment of VNĐ300 billion (US$13.3 million) and will be operational in the second quarter of 2020. Sia said the internal water route will reduce the number of containers in Tiên Sa Port that need to be transported on National Highway 14B by 20 per cent. He said the route will be open to ships and barges under 5,000 deadweight tonnage (DWT) from ports in Quảng Ngãi, Quảng Bình and Quảng Nam and north-south cargo shipment services. “We plan to build a customs clearance and logistics … [Read more...] about Đà Nẵng to develop a new internal water cargo route
Vietnam Airlines to launch Da Nang-Osaka route in October
The new service will be operational with 7 flights per week, using Airbus 321 aircraft. Flights will depart from Da Nang at 12.20 am.m and Osaka at 9.30 a.m. Travel time will be 4 hours 30 minutes. The new air route is the eleventh from Vietnam to Japan to be directly operated by Vietnam Airlines, including routes from Hanoi, HCM City and Da Nang City to Tokyo, Osaka, Nagoya and Fukuoka. The promotional tickets of the new route will be available from now until September 30. A one-way ticket costs VND5,899,000 (US$249). The special price is applied for flights departing from October 28-December 31. On this occasion, the airlines has also launched a promotional program, offering 1,000-2,000 bonus miles for members of VNA's Golden Lotus Program when purchasing tickets on Da Nang-Osaka route from January 28, 2018 - January 31, 2019. Vietnam Airlines is currently the largest carrier operating direct flights between Vietnam and Japan with an average of 70 regular flights per week. Since the … [Read more...] about Vietnam Airlines to launch Da Nang-Osaka route in October
Social News 30/8
10-year old girl escapes Thanh Hoa house fire On August 28, a fire broke out at a house in Thanh Hoa city in the northern central province of Thanh Hoa, which rapidly spread throughout the building and caused several explosions. According to local witnesses, the blaze sparked on the second floor of the house, which contained a shop selling plastic flowers and wedding accessories. A 10-year old girl was in the house at the time but had a lucky escape from the fire. At 23:00, the inferno was brought under control but all of the property within the building was destroyed. There are no reports of fatalities from the fire but the inferno caused a power outage on the busiest street in Thanh Hoa city, causing people to flee the area in panic. According to local authorities, the cause of the fire was identified as a short circuit. Major General Nguyen Hai Trung, director of Thanh Hoa Provincial Police Department, rushed to the scene to direct relevant forces in tackling the blaze. Former … [Read more...] about Social News 30/8
BUSINESS NEWS IN BRIEF 3/8
JLL reports on real estate M&A in first half Vietnam’s real estate market continued to exhibit irresistible appeal among foreign investors in the first half of 2018 and continued to witness high-value merger and acquisition (M&A) transactions in a variety of sectors such as residential, commercial, and industrial, according to Ms. Khanh Nguyen, Associate Director, Capital Markets, Vietnam, at JLL. Joint ventures have become popular among foreign developers who have strong financial capacity and track record, with them joining forces with local developers who own land and have strong connections with the local community. Foreign investors are from many different countries, such as Japan, South Korea, and Singapore, and with an increasing number of groups from Mainland China. JLL observes that there is an increasing number of local investors who are actively seeking real estate deals alongside foreign investors. 2018 started off with the acquisition of Sun Wah office tower … [Read more...] about BUSINESS NEWS IN BRIEF 3/8