Hanoi(VNA) – The current COVID-19 crisis is creating opportunities for therailway sector thanks to its prominent advantages in international transport.
According to TranThe Hung, General Director of the Railway Transport and TradingJoint Stock Company (Ratraco), said that while a drop wasseen in passenger transport, the transport of goods rose 20 percent in volumeand 16 percent in revenue.
Regarding theefficiency of the Vietnam-Belgium direct railway route, which has been launchedsince July with three trips so far, Hung said that although specificeffectiveness has yet to be evaluated, the Vietnamese railway sector’s engagementin logistics service supply chain has provided more options for exporters whenmaritime shipment faces surging costs and takes longer time.
Departing from Yen Vien Station in Hanoi, the train with 23 containers stops atZhenzhou city of China’s Henan province and connect to the Asia-Europe train toreach its destination.
Due to limited railway infrastructure and containermanagement, Ratraco has yet to be able to carry all 41 containers in atrain to Europe, said Hung.
He added that the firm is working with partners to develop plans to operate one trip per week in a fixed schedule from Vietnam toBelgium. The firm expects to launch additional routes from Vietnam to Germany,Russia and Poland at the end of the third quarter.
The Ratraco leader held that in the long term, it isnecessary to connect railways with seaports, thus optimising the efficiency ofboth transport types and reducing cost and environmental pollution./.
The Ministry of Transport plans to begin work on nine major infrastructure projects in the south this year to reduce traffic congestion and improve connectivity.
The Ministry of Transport (MoT) has proposed total investment of 240 trillion VND (10.4 billion USD) for the expansion of the railway network from now until 2030, to be sourced by the State budget and other legal sources.
Container freight trains from Vietnam to Belgium will open up a new cooperation direction to increase benefits of railway logistics services, Deputy General Director of the Rail Transport and Trade Joint Stock Company (Ratraco) Nguyen Hoang Thanh told the Vietnam News Agency (VNA).
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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&.
Illustrative image (Source: VNA) 
