Ports see increase in goods handling despite COVID-19
Thanks to the adoption of drastic COVID-19 prevention measures at ports, the volume of goods that passed through ports in the first eight months of the year increased by 18 percent year-on-year to 16.8 million TEUs, the Vietnam Maritime Administration said.
HCMCity (VNS/VNA) – Thanks to the adoption of drastic COVID-19prevention measures at ports, the volume of goods that passed through ports inthe first eight months of the year increased by 18 percent year-on-year to 16.8million TEUs, the Vietnam Maritime Administration said.
They comprised exports of 5.4 million TEUs, up 16 percent, and imports of 5.5million TEUs.
With 3.2 million TEU, the Cai Mep - Thi Vai Port Cluster in Ba Ria-Vung Tau provinceaccounted two thirds of the imports and exports in the south and 100 percent ofshipments from and to the US.
Amid the COVID-19 outbreak in many southern provinces and cities, portauthorities have been adopting many preventive measures like keeping itsemployees on site and testing them all every three days.
Nguyen Xuan Ky, general director of the Tan Cang - Cai Mep InternationalTerminal Company Limited, said thanks to the strict implementation ofprevention and control measures, some COVID cases were detected in time andimmediately quarantined.
But after more than two months the model has also revealed certain limitations,he said.
The cost for the "three on-site" model and the periodic COVID-19test fee for more than 350 company employees, up to more than 1 billionVND (44,000 USD) a week, are causing many difficulties for businesses, Ky said.
Keeping the workers at the port and not allowing them to go home for a longtime also adversely affects their psyche, directly affecting productivity andsafety, he added.
His company has called on the provincial People's Committee to allow theadoption of other solutions such as allowing local employees living in areaswith little or no COVID-19 cases to go home./.
The Cai Mep - Thi Vai port cluster in the southern province of Ba Ria-Vung Tau is investing in upgrading infrastructure to increase cargo-loading capacity, according to Tan Cang Sai Gon Corporation.
Tan Cang - Cat Lai Port in Ho Chi Minh City’s newly created Thu Duc city will temporarily stop accepting imports by businesses that have suspended production so that it can clear a huge backlog of containers that have piled up.
The Ministry of Transport (MoT) has asked provincial and municipal authorities to ease the travel of labourers at seaports so as to avoid the disruption of production and supply chains amid the COVID-19 pandemic.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.