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Ornamental plant, flower production generates high economic value in Dong Thap Province |
The total value of ornamental flower production in Dong Thap Province's Sa Dec City is estimated at VND3,000 billion (US$127,732,690) per year, paying more than VND1,500 billion to the province’s state budget revenue in the 2021-2023 period, an average increase of 4.71 percent a year.
Chairman of the Dong Thap Provincial People's Council Phan Van Thang yesterday announced this. Per capita income is estimated at more than VND68 million a year in 2023, an increase of 1.18 times compared to 2020.
Total development investment capital from 2021 to 2023 is more than VND10,800 billion, an increase of over 112 percent against the 2018 - 2020 period. The province achieved over 60 percent of the target of the term which set out VND18,000 billion. In particular, the city has developed many types of agricultural tourism. Notably, approximately 1.1 million travelers paid visits to the city from 2021 to 2023.
In addition to the achievements, Mr. Phan Van Thang asked the Sa Dec City Party Committee to continue to stick to the resolutions of the province and the city to well implement five strategic breakthroughs, including the identification of the potential and strengths for the future, transport infrastructure development to promote urban growth, the quality of human resources improvement, cooperation links and start-up activities.
Ministry collects opinions for development of agricultural sector
The Ministry of Agriculture and Rural Development yesterday held a workshop to collect opinions for the development of agricultural sector.
The seminar, held in the capital city of Hanoi, had met to discuss the project ‘Development of a logistics system to improve the quality and competitiveness of Vietnamese agricultural products to 2030, with a vision to 2050’ to promote the development of the agricultural product industry.
Speaking at the workshop, Director of the Institute of Policy and Strategy for Agriculture and Rural Development Tran Cong Thang said that in the period 2016-2022, the gross product of the agriculture and forestry sectors and fisheries maintained continuous growth over the years, averaging 3.04 percent a year.
The export of agro-forestry-fishery products reached a turnover of over US$53 billion in 2022 and it is constantly growing.
However, according to him, poor logistics services have hindered the development of Vietnam's agricultural sector. Logistics services include transport from the factory to the fulfillment warehouse, warehousing and order fulfillment and outbound shipping and order delivery to customers.
Logistics services also connect stages in the chain, delivering products from the production location or factory to the consumer quickly and on time. Moreover, it supplies goods according to demand and ensures the quality of agricultural products to consumers as well as helps reduce costs, creates added value while increasing transaction volume and expanding the market.
Compared with other fields, logistics for agribusiness is seasonal because many agricultural products are easy to infect and not fresh anymore in a short time.
In addition, many agricultural products need to be stored at low temperatures. The temperature for different agricultural products needs to be controlled for food safety.
Therefore, agricultural logistics services must be associated with production areas ensuring an integrated process from production, harvesting, processing, packaging, storage, transportation, and distribution to consumers.
Agribusiness logistics should focus on investing in the development of warehousing, cold transport, packaging, irradiation and inspection services in key agricultural areas.
According to General Secretary of the Vietnam Logistics Association Nguyen Duy Minh, logistics will help build brands of agricultural products to solve the paradox that a bumper crop reaped by the farmers brings a smaller total income to them.
Besides, the logistics center becomes a venue for trade, exhibition and export. The state needs to focus on having specific solutions, such as good logistics service, which will help preserve agricultural products for many months at a low cost.
Speaking at the conference, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said that the logistics development project for agricultural products should be associated with wholesale markets that already have infrastructure plans.
In addition, the ministry is also working with commercial counselors in many countries to contact businesses and distributors to connect with logistics centers.
Vietnam strives to ensure consistent traffic connection nationwide
Director Le Quyet Tien of the Transport Construction Investment Management Authority in an interview with SGGP Newspaper stressed that the Transport Ministry does pay high attention to investments in traffic projects to link to Long Thanh Airport.
Director Le Quyet Tien informed that at present, the Transport Ministry is working with the provinces of Dong Nai, Binh Duong, Ba Ria – Vung Tau, Long An, and HCMC to pour investments in traffic construction projects to connect to Long Thanh International Airport. With the current speed, the building of T1 and T2 routes, Bien Hoa – Vung Tau Expressway, Ben Luc – Long Thanh Expressway, and HCMC Ring Road No.3 will basically complete in 2025 and go into operation in 2026, in compliance with the Prime Minister’s direction.
The newly constructed routes, along with HCMC – Long Thanh Dau Giay Expressway, Phan Thiet – Dau Giay Expressway, National Highway No.51, and other minor routes, will form a dense traffic network between Long Thanh International Airport and HCMC as well as the Southern and Southern-Central provinces.
Explaining the tardiness in Ben Luc – Long Thanh Expressway project and Bien Hoa – Vung Tau Expressway project, Director Tien said that the Transport Ministry has determinedly cooperate with the Committee for State Budget Management at Businesses and VEC to develop feasible measures for the allocation of VEC’s capital for the reciprocal amount and the one to finish the remaining parts of the former’s project.
Until now, the capital source for that project has been basically solved; however, since it has been stopped for too long and certain contractors have terminated their contracts, it is necessary to organize bidding sessions to select new ones, which might take much time. The contractors that have maintained their contracts are asked to resume their work and accelerate the progress to complete the whole project in the third quarter of 2025.
The latter’s project has its sub-project investors finish essential procedures for the groundbreaking ceremony in time with the Prime Minister’s direction. The expressway should be in operation in 2026 in synchrony with other traffic projects in the area.
Discussing the possibility of finalizing the construction project of Thu Thiem – Long Thanh Light Rail and the expansion project of HCMC – Long Thanh – Dau Giay Expressway in time with the operation of Long Thanh International Airport, the Director shared that VEC is studying investment measures and has sent a corresponding report to the Committee for State Budget Management at Businesses, mentioning the total capital being VND15 trillion (US$637.7 million exclusive of loan interest amounts).
It is expected that by the first quarter of 2024, the projects will have their feasibility report preparation finished and approved. In the last quarter of that year, suitable construction contractors will be selected to start the work at the beginning of 2025. They are planned to complete simultaneously with the second stage of Long Thanh International Airport project.
Finally, talking about the current challenges when carrying out traffic projects to link to the airport as well as the responsibilities of stakeholders and the Transport Ministry, the local authorities, Director Tien stated that as to T1 route, T2 route, and Bien Hoa – Vung Tau Expressway projects, the most troublesome issue now is land clearance tasks, which are done extremely slowly. Besides, the construction materials are rather limited due to low exploitation capacity, and thus only satisfying the local needs.
If this exploitation task keeps the current speed, the progress of the above projects will be harmfully affected. Meanwhile, the People’s Committees of provinces must be responsible for the management and coordination of the land clearance task. Nevertheless, lately, as a specialized management unit, the Transport Ministry has collaborated with these committees to speed up the land clearance task while checking material mines to timely handle any arisen trouble so as to ensure the construction progress.
Viet Nam: A rising star in emerging markets
The best-known growth driver for Viet Nam is its step-change in foreign direct investment (FDI), benefiting from an increase in exports.
According to the United Kingdom-headquartered news magazine Portfolio Adviser, Viet Nam has a thriving, young, working age demographic with more than 70 percent of its population aged under 35 and who come at much lower cost than their equivalents in China or the U.S.
Many years of consistently high GDP growth have been due to a highly attractive combination of political stability with sound pro-market execution which has managed to slash poverty from 17 percent to less than 5 percent in a decade.
As a result, Viet Nam is benefiting from companies diversifying their supply chains, told the magazine.
The Southeast Asian nation continued to sign more than a dozen key trade agreements during lockdown, including the Regional Comprehensive Economic Partnership (RCEP).
These partnerships will make it easier for companies to do business in Viet Nam, positioning itself ever more as a manufacturing expert with ease of access to broad, international markets and benefitting from 3,000 kilometers of coastline and the close connections to China.
The runway for growth is undeniably large and the targets ambitious but Viet Nam is now moving more towards manufacturing higher value products, more in electronics rather than textiles. Electronics have increased to more than 40 percent of goods exported from less than 15 percent in 2010.
As testament to this, last August Apple announced they would start producing MacBooks and Apple Watches via their suppliers in Viet Nam, in addition to some iPad production they moved there during the pandemic. This will involve the buildout of large plants and greater commitment to investment in the country.
One of Viet Nam's most critical FDI sources is Samsung Electronics. The South Korean technology giant employs tens of thousands of people in Viet Nam across a number of sites and is the largest investor in the country, with 50 percent of its handsets being produced there.
There is frequent hope that Viet Nam will be upgraded from its current, off-benchmark, frontier market status to emerging market status by Morgan Stanley Capital International (MSCI).
The Viet Nam stock market overall now meets the size and liquidity requirements to be included, with a four-fold surge in retail participation during the past 2-3 years, driven by digital account technology, noted the Portfolio Adviser.
HVACR Vietnam 2023 to take place in Ha Noi
The 15th International Trade Exhibition on HVAC, Refrigeration and Smart Building Technologies in Việt Nam (HVACR Vietnam 2023), combines with the 10th International Plastic & Rubber Technologies & Materials Exhibition for Vietnam (Plastics & Rubber Vietnam, Hanoi 2023) will kick off at the International Center for Exhibition (I.C.E) in Hà Nội from July 25-27.
The three-day exhibition to be hosted by Informa Markets Vietnam was announced in a press briefing on Thursday in Hà Nội. This is a unique opportunity for businesses to explore the latest cutting-edge equipment and technologies showcased by top-tier global companies worldwide, as well as to network, build valuable business partnerships, and stay ahead of practical industry trends and developments.
In this year’s special edition for the North, Informa Markets brings together two exhibitions - HVACR Vietnam 2023 and Plastics & Rubber Viet Nam, Hanoi 2023. It will offer trade visitors in Việt Nam and foreign exhibitors the opportunities to network, collaborate, exchange innovative technologies and boost two-way trade.
According to BT Tee, General Director of Informa Markets Vietnam: “In the past few years, the plastics industry has been urged to rethink the material’s entire lifecycle by developing manufacturing processes that use fewer natural resources, emit less harmful gases, and create products that never end up as waste. Innovative technologies are now needed to deal with plastic more holistically. This is what Plastics and Rubber desires to bring towards Vietnamese enterprises.
Besides this, with the return of HVACR Vietnam, we hope to provide businesses with the opportunity to explore technical initiatives, open up the doors for them to invest in new technologies which reduce environmental impacts from manufacturing, and increase economic benefits while still meeting the increasing demand in the market."
In the coming year, the HVAC (Heating, Ventilating and Air Conditioning) industry is expected to experience significant growth with the adoption of new, eco-friendly technologies. This means that industrial heating and ventilation systems will be set to be powered by electricity or hydrogen, along with other smart technologies such as IoT, Software as a Service (SaaS), and AI.
Furthermore, the rising disposable income in Việt Nam will lead to an increasing installation of advanced HVAC systems in residential homes. With a hot and humid climate and a population of nearly 100 million, Việt Nam is currently one of the largest air-conditioning markets in Asia, with an expected market size of US$2.9 billion by 2025 (Research&Market, 2020).
Informa is the leading global organiser of trade exhibitions with its headquarters in the UK. Some 80 per cent of exhibitors will be hailing from developed countries in Europe, as well as the UK, US, Australia, Singapore, Japan and South Korea.
Amazon's Prime Day 2023 approaches
Amazon Global Selling Vietnam has announced the countdown for Amazon's Prime Day 2023 event, which will take place from July 11 at 3am EDT through to July 12.
This exclusive event grants Prime members access to Amazon's lowest prices of the year on select products from various brands and sellers worldwide. Prime Day 2023 will encompass an expanded list of 25 countries, including the United States, the United Kingdom, Australia and many more. Importantly, partners from Viet Nam will have the opportunity to showcase their products to a broader customer base, as they can now sell to more countries during this event.
To help Vietnamese selling partners seize the opportunity of the event, Amazon Global Selling Vietnam has planned a series of activities. These initiatives aim to keep sellers updated about Prime Day 2023 and recommend Amazon's tools and programmes that can aid in inventory management, operational optimisation, logistics, advertising, brand building, and the creation of successful Prime Day deals and promotions.
"Prime Day is always an exciting event for Amazon customers and partners around the world," said Gijae Seong, Head of Amazon Global Selling Vietnam. In previous years, Vietnamese partners specialised in selling home decor, kitchen wares, gifts and beauty products and achieved remarkable sales as well as positive feedback from customers.
This year we expect to see an even wider range of new products and exceptional deals from Vietnamese partners.
Following the Prime Day 2023 announcement, Amazon Global Selling Vietnam will kick-start a series of events in Ha Noi, HCM City and Da Nang. These will include a livestream on the Global Selling Fanpage, along with the publication of new educational content on Seller University. The objective is to equip local businesses with the best knowledge and resources to prepare for Prime Day and make the most of this opportunity.
Singaporean company to expand ownership in Vietnamese logistics provider
A Singaporean company, PSA Cargo Solutions Vietnam Investment, plans to continue increasing its stake in Viet Nam's logistics provider South Logistics Joint Stock Company (Sotrans).
Sotrans on June 20 received a public tender offer from PSA Cargo Solutions Vietnam Investment to increase its ownership from 24.9 per cent to 30 per cent of charter capital.
PSA Cargo Solutions Vietnam Investment offers to buy another 5,010,921 shares of Sotrans, while the bid price is not disclosed.
Sotrans is listed on the Ho Chi Minh Stock Exchange (HoSE), with a ticker symbol STG. The company's shares ended last week at VND49,000 a share (US$2.08).
At the closing price, it is estimated that PSA Cargo Solutions Vietnam Investment has to spend more than VND245.5 billion to purchase over 5 million STG shares.
Previously, the Singaporean company on May 19 bought 24.47 million STG shares to raise its ownership from 0 per cent to 24.9 per cent of charter capital and become a major shareholder of Sotrans.
In 2023, Sotrans set targets of more than VND2.9 trillion in revenue, up 13 per cent year-on-year, and VND388.43 billion in profit after tax.
It plans to focus on specialising each member's business areas to maximise capacity and efficiency.
Particularly, for Sotrans Logistics, the unit will concentrate on developing international and domestic freight forwarding and warehousing business.
For Vietranstimex, it focuses on developing the segment of transporting super-long and super-heavy goods to meet important industries such as electricity, oil and gas, chemicals, cement, and traffic, in the domestic market as well as in Southeast Asia by cooperating with the largest partners in each market.
Meanwhile, for Sowatco, it will exploit port and waterway transportation activities in Viet Nam, and look for opportunities to expand business activities in the north.
In the first quarter, Sotrans reported net revenue of over VND385.4 billion and net profit of nearly VND40 billion, down 48 per cent and 36 per cent over last year, respectively.
Top 10 outstanding digital firms to be honoured
The Top 10 outstanding digital technology firms in Vietnam 2023 will be officially announced at an award ceremony later this year, according to the event’s organiser at a press conference held in Hanoi on June 27.
Hosted by the Vietnam Software and IT Services Association (VINASA), the event aims to honour businesses in the information and communication technology (ICT) industry as well as connect them with partners and customers inside and outside the country.
Nguyen Thi Thu Giang, VINASA’s Vice Chairwoman and General Secretary, said Vietnam's IT market has grown tremendously over the past 10 years.
IT revenue in 2022 was 148 billion USD, an increase of nearly four times, of which the software and IT services industry was about 13 billion USD, she noted.
The current IT workforce is over 300,000 employees, an increase of nearly two times. Vietnam already has more than 10 enterprises with more than 1,000 employees, and a large number of enterprises with 200-900 employees.
The demand for global transformation is still increasing, she said.
The top 10 firms this year will be selected in 25 fields, divided into six groups, including traditional fields of the IT industry (digital transformation platform, export of IT software and services, digital transformation services and solutions, IT services and solutions, production and distribution of ICT equipment) and priority areas for digital transformation (digital government, smart city, e-commerce, FinTech, EdTech, PropTech, HealthTech, AgriTech).
Especially, this year's programme will have two new fields, namely"Top 10 pioneering enterprises in implementing digital technology " and “Top 10 digital transformation solution consulting enterprises”.
The deadline for entry submission is July 28, according to organiser.
Vietnamese, Australian businesses seek to enhance bilateral cooperation
A Vietnam-Australia business forum was held in Sydney on June 27 to help Vietnamese enterprises know more about the Australian market and connect them with businesses in this Oceania country.
The event was jointly organised by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT) in coordination with the Consulate General of Vietnam and the Vietnam Trade Office in Sydney as part of activities to mark the 50th anniversary of bilateral diplomatic ties.
Speaking at the forum, Vietnamese Consul General in New South Wales, Queensland and South Australia Nguyen Dang Thang said that based on the fruitfully growing bilateral relationship, Vietnamese and Australian businesses will intensify their exchange of knowledge and experience to find suitable partners. Vietnamese firms can explore new business opportunities in a vibrant market like Australia, he noted.
According to Le Hong Minh, director of Vietrade’s Investment Promotion Centre for Industry and Trade, Vietnam and Australia have complementary economies as the former boasts an abundant labour force while the latter is rich in resources, with a high level of technology, especially in the field of education. This will create favourable conditions for businesses of both sides to strengthen cooperation, Minh noted.
According to the 2022 statistics, Australia is Vietnam's 7th largest trading partner, with bilateral trade reaching 15.7 billion USD. With such potential, the bilateral trade will grow 5-10% next year, Minh forecast.
Addressing the event, Francis Wong, chairman of the South Australia - Vietnam Business Council said that Vietnam's economy is growing well despite the impact of the COVID-19 pandemic.
Many Australian companies are considering Vietnam a hub of the Association of Southeast Asian Nations (ASEAN) and the Asian region, a destination for their investments and partnerships.
Most of the participants at the forum hailed the great potential for trade between Australia and Vietnam, saying it brings great advantages and opportunities to businesses of both countries.
Da Nang, Germany to speed up investment
The Investment Promotion Agency (IPA) of the central city of Da Nang and the Germany Business Association (GBA) have agreed to promote investment and field study exchange as well as business connections among businesses in the two countries.
The proposal was discussed at the Memorandum of Understanding (MoU) signing ceremony in the central city last week between the two partners, offering investment opportunities for business partnerships between Germany and Da Nang in hi-tech industries, human resources training, information technology, logistics and seaport development.
IPA Director Huynh Thi Lien Phuong said the investment from Germany to Da Nang was still small with 11 projects worth 10.3 million USD – just 1% of the total FDI projects in the city.
She said the city had been calling for the development of a deep seaport and logistics zone, as well as an airport to boost connections of multi-transport logistics industries.
Phuong said the MoU would open the doors to possible investment projects from Germany in the micro-mechatronic engineering, precision electronics equipment production, sensors and software industries.
German businesses are operating in Da Nang creating sports shoes and sewing machine batteries.
The Central Agency for German Schools Abroad (ZfA) developed a pilot German teaching project at two junior secondary schools in the city in 2016, according to IPA.
Elmar Dutt, GBA Co-Chairman, said the association started activities in Vietnam in 1995, and the GBA has been the focal point of German business life, culture, and values in Vietnam for 28 years.
He noted that energy security was a major pain point in parts of Vietnam and the GBA encouraged all provinces to increase resilience and ensure the stability of electricity supply to increase attractiveness for foreign investors.
Environmental protection and sustainability should also be priorities of all local, provincial, and national level government agencies. Pollution and other harms to the environment must be eliminated by regulations and more efficient enforcement, he said.
He urged simplifying and digitalising administrative procedures, in particular in the areas of customs, cross-border finance and operations.
He explained that it should eliminate local testing requirements for European Certified products in all sectors to foster free trade with the European Union. This would also make it easier to import necessary machinery and parts.
Elmar Dutt called for further easing of licensing, work permits and visas.
According to the IPA, Da Nang saw a boom in the development of household rooftop solar power, but this was halted by a blockage in policy from the government.
Germany plans to open a representative office in Da Nang to boost cooperation and investment in the coastal city and the central region as a whole.
Last year, the IPA and Bremen's economic development agency BremenInvest signed an MoU on cooperation and investment promotion.
Vice Chairman of the municipal People’s Committee Ho Ky Minh committed that the city had been calling for stronger and deeper investment from Germany and European countries in seaport development, infrastructure, hi-tech industry, education, and IT.
Minh said the city would create optimal conditions for German businesses seeking investment opportunities in the long term in Da Nang. Earlier this year, Da Nang had investment promotions with the United Arab Emirates (UAE), Japan, and the UK.
Da Nang and the UK city of Birmingham signed minutes on cooperation in five key sectors – economics, trade and investment; digital infrastructure construction, innovation and technology and fintech; education and training; sustainable development and circular economy; and sports, tourism and cultural exchanges – in March.
Six IZs and a high-tech park have attracted 503 projects, including 130 FDI worth 1.8 billion USD and 27.56 trillion VND (1.2 billion USD) from domestic investors.
The US-based aviation firm Universal Alloy Corporation, as well as Korea’s LG Electronics, have already started their operation in Da Nang, while Samsung Vietnam has launched its Innovation Campus in the city.
HCM City to host int’l exhibition on smart appliances
More than 550 enterprises, both domestic and foreign, are planning to attend the International Electronics & Smart Appliances Exhibition 2023, which is scheduled to be held in Ho Chi Minh City from July 19-21.
With a total display area of 10,000 square metres, the exhibition will host projects relating to electronic technology and spare parts, smart household appliances, electronic equipment, sound equipment, and LED technology for lighting.
The expo is expected to create a venue for domestic and foreign businesses to seek and strengthen cooperation in the production of smart electronic appliances in Vietnam.
More than 3,000 product samples on display selected by the organisers are promosing to bring great experiences to exhibition goers, promoting the expansion and enhancing cooperation in the smart consumer electronic production in Vietnam.
The global market of electronic products was valued at 724.48 billion USD in 2021 and is expected to hit 1.13 trillion USD by 2030.
Industrial real estate firms to benefit from land fund shortage
The demand for industrial land for lease in Vietnam remains high, but the supply of industrial land is low.
Given the shortage of land funds, some industrial real estate companies are expected to witness positive business results.
In the first quarter of 2023, the industrial park real estate market recorded a slow growth in the eligible land fund for rent, up 2.1% over the end of 2022. The gain came from the addition of land for lease from industrial zones in Long An, Bac Ninh, and Hai Duong provinces.
Phan Van Mai, Chairman of the HCM City People's Committee, said at a meeting in late April that the city also lacks industrial land for leasing to draw sizable projects and sizable investors for new companies.
The shortage of industrial land funds is happening in Dong Nai province, limiting FDI capital. The province is no longer in the Top 5 localities attracting the most FDI inflows in the country, according to the report on foreign direct investment in 2022.
The occupancy rate, however, stayed at a high level in tier-1 markets, including Hanoi, Hai Phong, Hai Duong, Hung Yen, and Bac Ninh province in the north, and HCM City, Dong Nai, Binh Duong and Long An in the southern region.
In particular, the industrial zones in the south have an average occupancy rate of 85%, with the rate of Binh Duong's largest industrial parks up to 94%.
The northern industrial zones have lower occupancy rates, averaging about 80.6%, down about 2.2 percentage points over last year.
During the period, the average rental prices in the southern industrial park market saw a 4% growth year-on-year to 172.8 USD per square metre, helping the gross growth rate of the past five years to reach 9% a year.
Meanwhile, rent for industrial land in the North was up only 2.2% on-year to 122.9 USD per square metre in the tier-1 market's provinces.
Rents in Bac Ninh and Hai Duong provinces rose the most, up 3 - 5% year-on-year, thanks to the new supplies with better rental prices than the general market, according to an industrial report from VietFirst Securities Corporation.
Vietnamese industrial parks are currently more appealing than those of rival countries in the area, largely because the local currency has depreciated less over the past year compared to those of Malaysia, Indonesia, and India.
Rent for industrial land in Vietnam is currently 25-40% lower than other countries in the region. In addition, the country possesses a strategic geographical position, which is close to key Asian supply chains.
Vietnam is still expected to benefit the most from the trend of moving plants from China, especially for large manufacturers. LG Group plans to invest 4 billion USD in Vietnam, while Samsung will raise investment capital to 20 billion USD.
However, FDI inflows show signs of decline due to concerns about economic recession and the continuous rate hikes from the US Federal Reserve, causing the rent for industrial land in Vietnam to advance slightly this year.
On the stock market, the securities firm said that in the first quarter of 2023, the total revenue of listed enterprises in industrial real estate climbed by 4.2% over last year, but profit decreased by 8.6%.
In the last quarter of 2022, the total revenue and total profit of these enterprises decreased by 18% and 88.5% on-year, respectively.
The recovery in business results was mainly led by Kinhbac City Development Holding Corporation (KBC). The property developer's parent company posted a profit after tax of 940.7 billion VND (40 billion USD), up 95.6% year-on-year over the same period last year, accounting for 54.8% of the total profit after tax of the whole industry in the first quarter.
Given the possible higher the rental prices for the industrial land and steady demand from the FDI sector, the business activities of industrial park real estate enterprises are expected to continue to recover in the near future.
VietFirst Securities also noted that enterprises owning land funds in key areas, especially the north, will have the opportunity to emerge and receive FDI inflows shifting out of China.
Vietnam Airlines notifies passengers of departure gates via messages at three airports
National flag carrier Vietnam Airlines begins sending automatic messages to notify passengers of departure gates at three airports of Noi Bai, Da Nang, and Tan Son Nhat.
Accordingly, passengers who carry out online check-in or that at kiosks at the aforementioned airports will receive information about the boarding gate via Zalo or SMS messages 60 minutes before the departure time, including information about possible boarding gate change.
This notice makes it easy for passengers to find the correct exit.
A representative from Vietnam Airlines said that this is one of the airline's latest efforts to contribute to bringing convenience and satisfaction to passengers when flying with the national flag carrier.
In 2022, it became the first airline in Vietnam to apply online check-in services across the entire domestic airport network.
In its digital transformation strategy, Vietnam Airlines aims to become Vietnam's first digital airline by 2025 with three key factors: digital technology, digital data, and digital culture.
Tiktokers promote Bac Giang lychees
Clips promoting the northern province of Bac Giang’s lychees are currently common on TikTok.
People in Bac Giang are now busy harvesting lychees. Many local residents have used social networks, including TikTok, to boost fruit sales. Lots of clips with hashtags such as Hello Bac Giang have attracted millions of followers.
Bac Giang’s lychees are promoted as conforming to VietGAP and GlobalGAP export standards. The Tiktokers also explain the planting, harvesting and packaging of lychees.
On June 24, a four-hour livestream took place in Kep 1 Village with the participation of 40 Tiktokers that helped sell 23 tonnes of lychee via 5,182 orders. The sale brought revenues of VND1.2 billion.
The activity was part of a forum held by the provincial central youth board on using e-commerce to promote products under the national One Commune One Product programme (OCOP).
Phan Van Chieu, a TikToker from the southern province of An Giang, travelled around 2,000 kilometres with his mother to Luc Ngan for the first time to join the live stream. They were really impressed by the local lychee gardens.
Mai Son, vice chairman of Bac Giang Province People’s Committee, said that the locality had built material areas for export-standard OCOP products.
Indian investors seek opportunities in Dong Thap province
Indian firms undertook a fact-finding tour to Dong Thap province on June 29 to explore the local investment environment as part of a conference aimed at promoting trade and investment links between India and the Mekong Delta province.
During their trip to the International Development and Investment Corporation (IDI) in Lap Vo district, they were introduced to the potential of industrial zones and clusters in the area, as well as various strengths of the locality in agriculture and fishery development, and abundant human resources.
The Indian enterprises were highly appreciative of the potential and natural advantages of Dong Thap province. They expressed hope of further co-operation with local partners in the fields of seafood, machinery and equipment, and food processing.
Through the fact-finding tour, Dong Thap is keen to introduce its investment co-operation opportunities. Local authorities pledged to create the most favourable conditions and policies possible in a bid to support Indian firms’ operations.
The Indian businesses also visited Truong Xuan industrial cluster in Thap Muoi district, Phung Nguyen Garment One Member Company Limited in Thanh Binh district, and SETHIA HEMRAJ Rice Oil Company Limited in Sa Dec city as part of their efforts to seek investment opportunities and build trade connections.
Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes
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