The Vietnam International Furniture & Home Accessories Fair (VIFA-EXPO 2022) - the biggest and most prestigious trade event for exporting furniture and wooden products in the country – kicked off in Ho Chi Minh City on August 31. A booth at the exhibition (Photo: VNA) Covering 15,000 sq.m, the fair features nearly 1,000 booths set up by nearly 200...

Hanoi is speeding up progress on several key projects, according to the municipal People’s Committee. Illustrative image (Photo: hanoimoi.com.vn) They include the 12.5km Nhon-Hanoi Station railway project, which is over three quarters completed, the Belt Road 2 section of Vinh Tuy Bridge – Nga Tu So, the second stage of Vinh Tuy Bridge, the Hanoi Children’s Palace, and the...

Vietnam’s export revenue in 2022 is expected to reach about 368 billion USD, a year-on-year rise of 9.46%, according to a report by the Ministry of Industry and Trade (MoIT). Illustrative image (Source: VNA) The number would surpass the targets set by both the Government and the ministry, at around 8%. Meanwhile, import value is estimated at 367 billion...

Japan’s Electric Power Development Co (J-Power) has inked a memorandum of understanding (MoU) with Vietnam Forestry Corporation (Vinafor) to jointly explore opportunities for biomass business in the Southeast Asian country. Rice husks can be turned into energy. (Photo: VNA) Under the MoU, the companies will study the potential collaboration in areas such as power generation and fuel production, J-Power...

The Management Authority for Urban Railways (MAUR) in Ho Chi Minh City launched a trial run of Metro Line No.1 on Long Binh Depot’s railway W1 in Thu Duc City on August 30. The first carriage of HCM City’s Metro Line 1 was unload from the ship. (Photo: VNA) The train was operated at a maximum speed of...

The General Administration of Customs of China (GACC) has made good comments on durian growing areas in the Central Highlands province of Dak Lak. Illustrative image (Source: VNA) The agency and Vietnam's Plant Protection Department have conducted joint online assessment of 25 durian growing areas of the Krong Pak Fruit Cooperative and Dung Thai Son Import-Export Trading JSC -...

Vietnam will move to attract large enterprises and corporations with high technology, said Nguyen Anh Tuan, deputy director of the Ministry of Planning and Investment's Foreign Investment Agency. Illustrative image (Photo: VNA) At the same time, the country will prioritise investment projects in high technology, supporting industry, and digital economy innovation, especially in the automotive industry, to create favourable...

Prime Minister Pham Minh Chinh has ordered reviewing legal regulations in an effort to ensure the stable, healthy and sustainable development of the real estate market. Illustrative image (Photo: VNA) In a directive issued on August 29, the PM emphasised the need to step up decentralisation and pilot mechanisms and policies to create new momentum for the market. Credits...

Though Vietnam has risen to one of the world’s top 20 ornamental fish exporters, the sector is still struggling to recover post-pandemic due to rising shipping costs. Illustrative image. (Photo: VNA) Two thirds of ornamental fish farms in Vietnam are located in Ho Chi Minh City which accounts for 62% of the country’s total exports of the product,...

General Director of the Vietnam Oil and Gas Group (PetroVietnam) Le Manh Hung has proposed that PetroVietnam and Norwegian energy firm Equinor promptly build a roadmap to implement their joint offshore wind power and hydrogen production projects in Vietnam during a recent meeting with Equinor Director Anita H. Holgersen in Hanoi. Illustrative image (Source: VNA) At the meeting, Holgersen...