RoK to build a cold chain logistics centre in Hải Phòng

16:01 | 14/11/2024 Economy Follow Ven.vn on

The Ministry of Oceans and Fisheries of the Republic of Korea (RoK) announced on Wednesday that Jeil Engineering and Construction is breaking ground on a cold chain logistics complex today in Nam Đình Vũ Industrial Park, Hải Phòng.

Containers handled at Nam Đình Vũ Port, Hải Phòng. The Republic of Korea is developing a cold chain logistics complex in the northern port city. — VNA/VNS Photo Quốc Khánh

HÀ NỘI - The Ministry of Oceans and Fisheries of the Republic of Korea (RoK) announced on Wednesday that Jeil Engineering and Construction is breaking ground on a cold chain logistics complex today in Nam Đình Vũ Industrial Park, Hải Phòng, Việt Nam News Agency reported.

The logistics complex, stretching more than 37,843sq.m, will be equipped with ambient and refrigerated storage facilities. It is expected to go operational in 2026 and will facilitate the operation of Korean firms in the region.

Minister of Oceans and Fisheries Kang Ko-hyeong said that this is a part of the RoK Government’s effort to expand the development of logistics centres in Southeast Asia, the US and the EU to support the operation of Korean firms with stable logistics services. The RoK plans to increase the number of logistics services abroad from five to eight by 2027.

Hải Phòng is a major port city in the northern region of Việt Nam that plans to become a modern international logistics services hub by 2030.

Source: VNS

See more news

Night flights added at six airports to serve Tết travel demand

15:56 | 14/11/2024 Economy

The flights will operate daily between January 14, 2024 and February 12, 2025.

Easing monetary policy continues bolstering domestic stock market

14:51 | 14/11/2024 Economy

With rising stock market returns and reduced corporate borrowing costs, SBV’s policy direction should positively impact business performance and stock market growth.

Việt Nam solidifies its global position through WTO integration

14:35 | 14/11/2024 Economy

WTO membership has not only reshaped Việt Nam’s economy but also elevated its standing on the global stage, driving growth, fostering innovation and unlocking new opportunities for international trade.

Algeria seeks cooperation opportunities with Vietnam in hi-tech agriculture

16:55 | 13/11/2024 Economy

Several businesses in Algeria’s Biskra province have expressed their interest in finding partners in Vietnam for cooperation in date processing and export, as well as in the import of processed coconut products and other agricultural and food items with Halal certificate from Vietnam.

Dual transition is an inevitable trend for Vietnamese business

16:29 | 13/11/2024 Economy

Dual transition is an inevitable trend that the Vietnamese business community needs to grasp in the coming years, participants heard at the annual Sustainable Development Conference held by the Đầu tư (Vietnam Investment Review) Newspaper on November 12.

UK stands ready to boost Việt Nam's international financial hub

16:21 | 13/11/2024 Economy

The UK is recognised as the second-largest exporter of financial services globally, while London serves as a global financial centre, hosting 170 banks and a multitude of fintech companies.

Việt Nam's digital economy continues to record double-digit growth: Report

16:15 | 13/11/2024 Economy

Việt Nam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek and Bain & Company.

Major Vietnamese economic highlights in 10 months

16:35 | 12/11/2024 Economy

Despite facing numerous difficulties and challenges from complicated and unpredictable global developments over the past 10 months, the Vietnamese economy has continued to record positive outcomes as the import-export turnover rose by 15.8%, whilst foreign arrivals to the country surged by 41.3%.

SBV curbs foreign currency hoarding, dollarisation

16:29 | 12/11/2024 Economy

The State Bank of Vietnam (SBV) has applied a 0% interest rate on foreign currency deposits to address foreign exchange and exchange rate volatility, Governor Nguyen Thi Hong explained during a question-and-answer event at the 15th National Assembly’s 8th session.

63% of Vietnamese consumers expected to increase spending on essential goods in 2025

16:24 | 12/11/2024 Economy

PwC's 2024 Asia-Pacific Consumer Insights Survey reveals that 63% of Vietnamese consumers intend to increase spending on essential goods over the next year, followed by 52% on clothing and 48% on healthcare products.

Latest Most Read

Garment makers pin hopes on coming year-end shopping season

17:04 | 14/11/2024 Economy

Despite ongoing challenges, Vietnamese garment makers are optimistic about the coming year-end shopping season, seeing it as an opportunity to meet the export earnings target this year.

Viettel launches the world’s first O-RAN 5G Network

16:59 | 14/11/2024 Science - Technology

Viettel on Wednesday officially announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house at the 5G Open RAN Connect conference held at the Viettel High Tech headquarters in Hà Nội.

Quảng Ninh to attract more foreign tourists by year-end

16:52 | 14/11/2024 Tourism

The northeastern province of Quảng Ninh, home to Hạ Long bay, a UNESCO World Heritage Site, is actively working to reach its target of 19 million visitors in 2024, including 3.5 million international arrivals.

Seminar helps fashion businesses identify future consumers

16:47 | 14/11/2024 Culture

Vietnamese fashion businesses discussed how to identify the consumer profiles and sentiments that will drive business growth in the coming years at a seminar held in Hà Nội on Monday.

Ample opportunities await Vietnamese exporters in South Asia: Workshop

16:20 | 14/11/2024 Economy

Việt Nam's e-commerce sector grows 18 per cent

20:50 | 10/11/2024 Economy

Việt Nam’s e-commerce sector has grown by 18 per cent since 2023, making it the third-fastest growing in Southeast Asia, following the Philippines and Thailand.

Southeast Asia, Africa are emerging agricultural machinery markets

20:55 | 10/11/2024 Economy

The emerging agricultural machinery markets will be Southeast Asian and African countries. Meanwhile the two Asian giants, India and China, will stabilise their mechanisation rate on the large quantities achieved in recent years.

State President meets with leader of Communist Party of Chile in Santiago

09:43 | 11/11/2024 News and Events

State President Luong Cuong had a meeting with President of the Communist Party of Chile Lautaro Carmona in Santiago on November 10 (local time) as part of his ongoing official visit to Chile.

State President receives leader of Socialist Party of Chile

09:56 | 11/11/2024 News and Events

State President Luong Cuong received President of the Socialist Party of Chile Paulina Vodanovic in Santiago on November 10 (local time) during his ongoing official visit to Chile.

Hà Nội to restrict polluting vehicles across key districts

08:36 | 11/11/2024 Society

Hà Nội is moving forward with a plan to restrict polluting vehicles across 12 current districts, along with some soon-to-be-upgraded districts and two new cities, aiming to improve air quality and reduce congestion.

Multimedia

Video Longform Infographic Photo

Vietnam actively contributes to APEC

08:59 | 14/11/2024 Infographic

Vietnamese State President Luong Cuong leads a high-level delegation to Peru for an official visit and to attend the 2024 APEC Economic Leaders' Week in Lima from November 12-16 at the invitation of Peruvian President Dina Ercilia Boluarte Zegarra. Since joining APEC in 1998, Vietnam has made significant contributions to APEC’s goals, actively proposing initiatives and fulfilling key roles.

Vietnam’s national brand value reaches 507 billion USD in 2024

17:06 | 11/11/2024 Infographic

In recent years, the Vietnamese national brand has made significant strides. Vietnam has not only entered the Top 100 countries with strong national brands, but also led the world in brand value growth in 2019-2022 period.

Vietnam-Chile Comprehensive Partnership

09:51 | 10/11/2024 Infographic

President Luong Cuong’s official visit to the Republic of Chile from November 9 to 12 comes as relations between the two countries continue to grow positively. The visit aims to enhance the Vietnam-Chile Comprehensive Partnership, making it more substantive, impactful, and effective.

Vietnam manufacturing returns to expansion

13:31 | 09/11/2024 Infographic

The S&P Global Vietnam Manufacturing PMI rose to 51.2 in October from 47.3 in September, marking a return above the 50-point threshold after disruptions caused by Typhoon Yagi.

Vietnam's key contributions to ACMECS

11:02 | 07/11/2024 Infographic

Vietnam officially joined the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) at the first ACMECS Ministerial Meeting in Thailand in November 2004. As an active and responsible member, Vietnam has made and continues to make significant contributions to ACMECS.

Policy

PM urged parliament to pass legislation to ensure sufficient electricity, restart nuclear projects

09:47 | 13/11/2024 Policy

The Government leader noted that electricity demand is expected to rise rapidly, with a projected increase of about 12–13 per cent in 2025 and even higher in subsequent years.

New policy drafted to help non-bank credit institutions develop further

17:13 | 12/11/2024 Policy

Under the draft circular, the SBV proposes that credit institutions are reorganised in the form of converting non-bank credit institutions.

Việt Nam to stiffen regulations on violating social network platforms

16:23 | 12/11/2024 Policy

Minister of Information and Communications Nguyễn Mạnh Hùng said social networks can be a force for positive impacts, such as facilitating people to communicate and do business, but also pose many risks.

Party leader of Việt Nam holds phone talks with President-elect of US

08:55 | 12/11/2024 Policy

Party leader Tô Lâm congratulated Donald Trump on his election as the 47th President of the US while highly valuing the latter’s contributions to the development of the two countries’ relations.

Industry & Trade

Foreign investors expand chip packaging footprint in Viet Nam

16:17 | 14/11/2024 Industry

Foreign tech giants are expanding capacity in Viet Nam for testing and packaging, according to Reuters.

Construction material industry's revenue to reach 47 billion USD

11:40 | 13/11/2024 Industry

Despite significant domestic demand due to low housing rates and incomplete infrastructure, Vietnam's construction materials industry faces challenges, according to insiders.

Footwear industry eyes UKVFTA to bolster exports

10:00 | 11/11/2024 Industry

Việt Nam’s footwear industry is utilising the United Kingdom–Vietnam Free Trade Agreement (UKVFTA) to increase exports, according to the Việt Nam Leather, Footwear and Handbag Association (Lefaso).

North-South express railway – driving force to spawn new support industries

17:09 | 08/11/2024 Support industries

The North-South express railway project will create a significant opportunity for Vietnam's mechanical and construction industries to advance in technology.

Investment

Bac Giang prioritises high-tech FDI projects, services industry

17:04 | 12/11/2024 FDI

The northern province of Bac Giang will continue attracting foreign direct investment (FDI) projects in the time ahead, prioritising those using high-tech or relating to supporting industries and high-quality services, local authorities have said.

Vietnam draws new wave of high-value investments: Savills

19:30 | 10/11/2024 Investment

Vietnam’s industrial and digital sectors are experiencing a strong growth, fueled by a surge in foreign direct investment (FDI) inflows, large-scale infrastructure projects, and a favourable legal environment, according to Savills Vietnam.

Hanoi attracts 1.6 billion USD in FDI in ten months

15:18 | 07/11/2024 Investment

Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.

Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

16:16 | 04/11/2024 Investment

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Finance-Banking

UK stands ready to help Vietnam build international financial hub

17:13 | 13/11/2024 Finance-Banking

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.

S&P affirms Techcombank’s BB- rating

10:10 | 11/11/2024 Finance-Banking

S&P Global Ratings has reaffirmed Techcombank’s issuer rating of BB- with a “stable” outlook, highlighting the bank’s robust profitability, stable capitalisation and strong asset quality.

Tax sector fulfils nearly 95% of state budget collection target

15:38 | 09/11/2024 Finance-Banking

The General Department of Taxation on November 7 reported that the total state budget collection of the sector in January – October was estimated at over 1.4 quadrillion VND (55.18 billion USD), or 94.8% of the annual projection and up 16.3% against the same time last year.

Việt Nam's stock market moves closer to emerging market status amid key policy changes

18:05 | 06/11/2024 Stock Market

The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.

Environment

Hà Nội requires comprehensive emission data to develop effective air pollution control plan

15:03 | 14/11/2024 Environment

Air pollution in Hà Nội has become a significant public concern, particularly in light of reports that it is one of the most polluted cities in the world. This situation demands urgent and coordinated measures from authorities to control and mitigate pollution, which poses serious health risks to the community.

Vietnam looks towards Net Zero goal in agriculture

17:25 | 12/11/2024 Environment

(VEN) - On November 15, the Central Committee of the Vietnam Farmers’ Union, in coordination with the Ministry of Natural Resources and Environment, will hold a forum for the President of the Vietnam Farmers’ Union and the Minister of Natural Resources and Environment to listen to farmers’ opinions.

Holistic approach needed to improve glass recycling

11:31 | 12/11/2024 Environment

A holistic approach is key to developing solutions that can drive change in glass recycling in Việt Nam and the ASEAN region, experts suggested.

Storm Toraji intensifies and moves northwest in East Sea

08:58 | 12/11/2024 Environment

Accompanied by strong winds reaching level 6, with gusts up to level 8 near Lý Sơn Island in Quảng Ngãi Province, the storm originated from a tropical depression.

Science - Technology

Viettel launches the world’s first O-RAN 5G Network

16:59 | 14/11/2024 Science - Technology

4G mobile network coverage reaches 99% of Vietnamese population: Minister

16:51 | 13/11/2024 Science - Technology

Vietnam's 4G mobile network coverage now reaches 99% of the population, bringing the country close to the level of developed nations, which is at 99.4%, Minister of Information and Communications Nguyen Manh Hung affirmed at a Q&A session as part of the 15th National Assembly’s ongoing 8th sitting on November 12.

Quang Ninh to host 3rd Vietnam Int'l Digital Week next week

17:11 | 12/11/2024 Science - Technology

The 3rd Vietnam International Digital Week will take place in Ha Long city, the northern province of Quang Ninh, from November 19-22 for the second consecutive year.

Việt Nam's new fast track policies to boost high-tech investment environment set for approval

09:33 | 09/11/2024 Science - Technology

Minister of Planning and Investment Nguyễn Chí Dũng has revealed that the government's new policies to position Việt Nam as a prime destination for high-tech investment, especially in sectors like semiconductors, will be approved this year.

Society

Night flights added at six airports to meet rising travel demand during Tet

15:12 | 14/11/2024 Society

The Civil Aviation Authority of Vietnam (CAAV) has approved proposals from several domestic airlines to increase night flights to meet the higher travel demand during the Lunar New Year (Tet) which falls in late January 2025.

Vietnamese universities strive to attract international students

11:43 | 13/11/2024 Society

Over recent years, the number of international students studying at Vietnamese universities has steadily increased, reflecting a growing recognition of Vietnam’s higher education quality. This rise is attributed to universities focusing on quality assurance.

Social network users must authenticate accounts from December 25

17:10 | 12/11/2024 Society

Livestreamers who work commercially will have to use personal identification numbers to authenticate their accounts.

Long Thanh Airport’s runways expected to be completed three months ahead of schedule

15:57 | 12/11/2024 Society

(VEN) - The phase-3 project at Vietnam’s US$16-billion and largest airport – Long Thanh – is expected to complete basic construction before December 2025, with equipment installation and trial operations beginning in early 2026.

Vietnamese Brands

Hà Nội to host large-scale international fair for key industrial products in 2025

16:54 | 12/11/2024 Vietnamese Brands

The city will also organise a conference to connect 50-70 leading industrial product manufacturers with local universities and vocational training institutions.

Agriculture, craft village festival to be held in Hà Nội

16:49 | 12/11/2024 Vietnamese Brands

Visitors will have the opportunity to explore the agricultural culture of Hà Nội and purchase high-quality products with traceable origins.

Vietnamese Goods Week brings vibrant showcase to Thai province

10:16 | 08/11/2024 Vietnamese Brands

The annual Vietnamese Goods Week has arrived in Udon Thani province of Thailand, transforming it into a vibrant marketplace for Vietnamese products.

Sóc Trăng’s ST25 fragrant rice awarded 5-star OCOP rating

11:05 | 07/11/2024 Vietnamese Brands

Sóc Trăng Province's OCOP Council was recently granted the prestigious 5-star rating to ST25 fragrant rice from Trần Đề District, reinforcing its status as a high-quality local product.

Culture

Seminar helps fashion businesses identify future consumers

16:47 | 14/11/2024 Culture

Vietnamese fashion businesses discussed how to identify the consumer profiles and sentiments that will drive business growth in the coming years at a seminar held in Hà Nội on Monday.

Kiên Giang to host Khmer cultural festival

16:45 | 13/11/2024 Culture

The Cửu Long (Mekong Delta) province of Kiên Giang will host the 2024 Khmer Culture, Sports and Tourism Festival from November 13-16.

Two Vietnamese artists nominated for Grammy Awards

17:02 | 12/11/2024 Culture

Vietnamese-American singer Sangeeta Kaur, whose real name is Mai Xuân Loan, and director Bảo Nguyễn have been nominated for Grammy Awards this year.

Great Solidarity of Ethnic Groups Week to take place next week

09:55 | 08/11/2024 Culture

The Great Solidarity of Ethnic Groups - Vietnamese Cultural Heritage Week 2024 will take place at the Vietnam National Village for Ethnic Culture and Tourism in Hanoi from November 16-24, according to the Ministry of Culture, Sports and Tourism.

Tourism

Quảng Ninh to attract more foreign tourists by year-end

16:52 | 14/11/2024 Tourism

Vietnam promotes int’l cooperation in MICE tourism development

14:47 | 14/11/2024 Tourism

(VEN) - MICE is a type of tourism that combines meetings, incentives, conferences, and exhibitions organized by businesses for their staff, employees, and partners. Compared to other countries in the region, Vietnam is considered to have great potential for MICE tourism development.

2025 Nha Trang – Khanh Hoa Sea Festival to spotlight cultural heritage space

17:04 | 13/11/2024 Tourism

The 11th Nha Trang – Khanh Hoa Sea Festival will take place from June 7 - 9 next year, offering a great chance for the south-central coastal province of Khanh Hoa to promote and honour the beauty and immense value of its sea.

Việt Nam to welcome more international cruise ship tourists

16:36 | 13/11/2024 Tourism

Việt Nam has recognised the potential of cruise tourism and is planning to attract more international visitors through this mode of travel.

RoK to build a cold chain logistics centre in Hải Phòng

See also

See more news

Multimedia