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Vietnam gov’t firm on GDP target

The Vietnamese government is adamant that it will be able to meet an economic growth target of 6.7 percent for this year, despite outlooks suggesting the real rate might be much lower. After the opening of the third session of the 14th lawmaking National Assembly on Monday, Prime Minister Nguyen …

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Vietnam set to approve coal-fired power plants worth $7.5 bln

Vietnam expects to grant investment licences for three coal-fired power plants worth a combined $7.5 billion, the country’s investment minister said. Although Vietnam wants to boost renewable energy output amid resources scarcity and environmental issues, it has been mostly reliant on coal-fired and hydro power plants to meet its annual …

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U.S. companies sign billions in deals with Vietnam

SEATTLE/WASHINGTON – U.S. industrial companies General Electric Co and Caterpillar Inc made deals with Vietnam worth billions of dollars as Vietnamese Prime Minister Nguyen Xuan Phuc continued his three-day trip to the United States. Phuc’s trip included a meeting with President Donald Trump Wednesday afternoon at the White House as …

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Cai Lan seaport launches new route linking six nations

ACS international maritime route has been launched at Cai Lan International Container Seaport linking six nations including India, Malaysia, Singapore, Vietnam, China and South Korea on Tuesday. The route has been developed by the alliance of two shipping lines Huyndai Merchant Marine and Gold Star Line. On the same day, …

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Personnel shortage keeps logistics trade backward

Vietnam ranks very low in logistics development among ASEAN members, speakers said at an annual general meeting held last week in HCM City by the Southeast Asian Federation of Forwarders’ Associations. It needs support from more developed members and international logistic associations, they said. Together with Laos and Myanmar, Vietnam …

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Vietnam Striving to Reduce Logistics Costs

Despite being rather a new sector in Vietnam, logistics has proved its importance in the country’s socio-economic development. However, the development of this potential service is facing many big challenges. Burden of costs Logistics is a process which is carried out to minimise costs for the identification of location and …

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