DHL Express, the world’s leading international express service provider, on Thursday, opened its new DHL Service Centre in Thu Dau Mot, southern Binh Duong Province.Located in one of the fastest growing economic industrial zones in the south, the US$700,000 centre is the newest investment made by DHL Express in Viet Nam, further bolstering the company’s network within the country.“The establishment of the centre will not only bring convenience for many business partners and customers around the area, but also improve DHL’s capacity to handle customer shipments, resulting in a faster and more reliable service. This is also a part of our plans to further expand our trade network within the country,” said Hasan Farooq, DHL-VNPT Express Chief Financial Officer.The DHL Binh Duong Service Centre is the 5th such facility to be opened in Viet Nam, in addition to its Ha Noi service centre, south service centre, north service centre and Da Nang service centre.This … [Read more...] about DHL opens new centre in Binh Duong
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Vietnam gives new deadline to sluggish Chinese-funded urban railway in Hanoi
Vietnam’s Ministry of Transport has given a new deadline for the sluggish construction of the Cat Linh – Ha Dong urban railway in Hanoi, as there are no more reasons to excuse for the long delayed completion of the Chinese-funded project. The ministry-run railway project management board should work closely with the Chinese contractor of the project to speed up the construction and put it into commercial run next year, Deputy Minister of Transport Nguyen Ngoc Dong said at a meeting in Hanoi on Friday. “Any difficulty arising during the implementation process should be reported immediately to the ministry to avoid wasting more time,” the deputy minister said. By the end of January 2018, the transport ministry will report to the government, which will set the official final deadline for the sluggish project, Dong added. The Vietnamese transport ministry turned the first sod on the Cat Linh – Ha Dong urban railway on October 10, 2011, with the project then … [Read more...] about Vietnam gives new deadline to sluggish Chinese-funded urban railway in Hanoi
Record $52bn in foreign reserves new momentum for Vietnam’s growth: official
Vietnam’s foreign exchange reserves reached a record high of US$52 billion in 2017, which the National Financial Supervisory Commission believes will boost trust from potential local and foreign investors and open up new growth opportunities for the country. Such hefty foreign reserves, coupled with Vietnam’s policy of limiting its dependence on gold and U.S. dollars, have kept foreign exchange rates stable and given a jolt of energy to the local stock and real estate markets. During the Vietnamese stock market’s second trading session of 2018 on Wednesday, the country’s benchmark VN-Index broke the 1,000-point threshold, closing up 0.99 percent with 1,005.67 points, its highest close since November 9, 2007. New growth momentum Truong Van Phuoc, acting chairman of the National Financial Supervisory Commission, said the $52 billion in foreign reserves has boosted faith in Vietnam from domestic and foreign investors. “Low inflation and a stable foreign … [Read more...] about Record $52bn in foreign reserves new momentum for Vietnam’s growth: official
Ten new decrees to guide FTA tariff cuts
The finance ministry has announced 10 draft decrees that will guide implementation of as many free trade agreements (FTAs), drawing a roadmap to zero per cent import tariffs for many goods.The road map, beginning this year, will extend until 2022 for several goods and commodities for which the tariffs will undergo a gradual progression.The ministry said at a meeting held in Ha Noi yesterday that the 10 draft decrees on Viet Nam’s special preferential import tariffs have to do with: the ASEAN Free Trade Area; FTAs between ASEAN with Japan, India, Australia – New Zealand, the Republic of Korea (RoK) and China; and between Viet Nam and the RoK, Japan, Chile and Eurasian Economic Union.The new decrees make “appropriate updates” to the Government’s Resolution No109/2016/NQ-CP and the list of ASEAN Harmonised Tariff version 2017 (AHTN 2017) issued in 2016.They also aim to ensure stability in the application of special preferential import tariffs, said Pham Tuan … [Read more...] about Ten new decrees to guide FTA tariff cuts
No new projects for developers in arrears
As of November-end, the total value of arrears of developers in the city was some VND400 billion (US$17.6 million).The municipal tax watchdog asked the local tax departments to clarify causes for slow payments and propose measures to collect the arrears.The names of several such projects were C.E.O Investment’s Quoc Oai District New Urban Area, Lai Chau Construction No 1’s Xa La housing project and Constrexim’s Bac Ha project. Source VNA … [Read more...] about No new projects for developers in arrears
Olive branch or booby trap? N. Korea’s new tone divides analysts
North Korean leader Kim Jong-Un could be laying a trap for the U.S. and the South with his apparent olive branches towards Seoul, analysts say, warning that Pyongyang's ultimate goal is to divide their 70-year alliance. After months of high tensions over the North's weapons ambitions -- last year it launched missiles capable of reaching the U.S. mainland and carried out its most powerful nuclear test to date, proclaiming it a hydrogen bomb -- events have moved quickly in recent days. In his New Year speech, Kim said the country had completed its nuclear deterrent -- Pyongyang says it needs to defend itself against a U.S. invasions -- and he had a "nuclear button on my desk". At the same time he made overtures to Seoul, saying Pyongyang could send athletes to the Winter Olympics the South is hosting next month and expressing a willingness to discuss the issue. It was a 180-degree turnaround for the North, which has long ignored South Korean President Moon Jae-In's efforts to engage … [Read more...] about Olive branch or booby trap? N. Korea’s new tone divides analysts
Vietnam’s business in 2018: New mindset needed for prosperity
The Hanoitimes - The business community in 2017 has experienced ups and downs, but with more business mindsets and ideas to break away from tradition, 2018 is expected to be year for enterprises to flourish. As the government is pushing up with the divestment plan of state fund from state owned enterprises (SOEs), new doors are open for private enterprises to set foot in essential economic sectors in Vietnam. The shift of trade and investment flows through new-age free trade agreements to preparations for the fourth industrial revolution also create chances in attractive investment – business channels. 2018 is expected to be year for enterprises to flourish. The divestment plan of state fund from the Saigon Beer Alcohol Beverage Corp (Sabeco), resulting in Vietnam Beverage successfully bought 53.59% Sabeco shares has raised 4.8 billion USD in revenue. This successful deal has eased off concern from investors and some administrative agencies, showing the … [Read more...] about Vietnam’s business in 2018: New mindset needed for prosperity
Vietjet improving regional rank with new A321neo aircraft
The happy news on New YearTan Son Nhat International Airport became more colourful in the first days of 2018 as the red of Vietjet’s fleet gained a richer hue after the landing of the A321neo (new engine option).This A321neo is the first and only aircraft in Southeast Asia which is equipped with Pratt & Whitney’s GTF jet engines. This superior engine was launched in 2016 and Vietjet became the only carrier in Vietnam and Southeast Asia to already put them in use for the benefit of its customers.In general, there is not much difference in the shapes of the A321neo and the A320neo, however, customers will see the difference at the first glance at the interior.Notably, fitted out with 230 comfortable leather seats and high-quality carpeting, the first five rows of Vietjet’s spacious new A321neo have been specially designed to accommodate passengers flying Skyboss, the airline’s premium service.The aircraft’s interior also features a unique … [Read more...] about Vietjet improving regional rank with new A321neo aircraft
Vietjet improving regional rank with new aircraft
The happy news on New YearTan Son Nhat International Airport became more colourful in the first days of 2018 as the red of Vietjet’s fleet gained a richer hue after the landing of the A321neo (new engine option).This A321neo is the first and only aircraft in Southeast Asia which is equipped with Pratt & Whitney’s GTF jet engines. This superior engine was launched in 2016 and Vietjet became the only carrier in Vietnam and Southeast Asia to already put them in use for the benefit of its customers.In general, there is not much difference in the shapes of the A321neo and the A320neo, however, customers will see the difference at the first glance at the interior.Notably, fitted out with 230 comfortable leather seats and high-quality carpeting, the first five rows of Vietjet’s spacious new A321neo have been specially designed to accommodate passengers flying Skyboss, the airline’s premium service.The aircraft’s interior also features a unique … [Read more...] about Vietjet improving regional rank with new aircraft
Dantri/DTiNews builds new classrooms in Son La Province
Dantri/DTiNews has opened new classrooms for disadvantaged children at Chieng Kheo Primary School in Son La Province.Dantri's Deputy Editor-in-chief Pham Tuan Anh, head of Compassionate Parents Charity Group Nguyen Thi Thanh, leaders of Mai Son District, Chieng Kheo Commune together with parents and teachers at Pang Sang B site under Chieng Kheo Primary School attended the ceremony on January 3.Winds often get in through the holes and wide gaps of the walls and the wood planks and pillars are largely damaged by termites in the dilapidated classrooms. However, the gaps also let the sunshine in the classrooms. The teachers replaced part of the roof with a transparent plastic sheet to get more light.Pang Sang B school site has four classrooms for five different grades.In addition, as the four classrooms are so close to each other, noise from each classroom can be heard. Lo Van Toan, a teacher at Pang Sang B, said what they found most difficult was collecting enough textbooks and notebooks … [Read more...] about Dantri/DTiNews builds new classrooms in Son La Province