When was crude export ban lifted

Under 12-seated cars are allowed to go back to Cát Bà Island. — Photo laodong.com.vn Viet Nam News HẢI PHÒNG — After a five-day ban, under 12-seater cars were allowed to go to Cát Bà Island via Gót-Cái Viềng Ferry in the northern city of Hải Phòng. This was announced by Hoàng Triệu Hùng, deputy director of Hải Phòng City’s Department of Transport. The decision came into effect from Tuesday midnight. Previously, the Hải Phòng People’s Committee had banned all cars to Cát Bà with the intention of building a smoke-free, ecological tourism island. Under the ban, the Gót-Cái Viềng ferry had refused to transport cars to the island. Meanwhile, cars from Quảng Ninh Province via Tuần Châu Ferry are allowed onto the island. Instead, the People’s Committee permitted Đất Cảng Trade and Transport Service Company to put into operation 40 buses transporting passengers from Cái Viềng Ferry to Cát Bà Township. The bus runs every 10 minutes, with a fare of VNĐ25,000 for a single … [Read more...] about Car ban in Cát Bà Island lifted

Seafood exports to China unable to quickly recover The Saigon Times Daily Employees check fish fillets a seafood processing enterprise in the Mekong Delta process tra fish fillets - PHOTO: TRUNG CHANH HCMC - Though China’s seafood needs are on the rise, Vietnam is unable to reverse its exports to this market in the short-run, Nguoi Lao Dong reported. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the demand for seafood by China is forecast to continue rising, and the U.S.-China trade war is seen as an opportunity for Vietnamese firms to increase their market share in the Chinese market. However, with increasing incomes, the Chinese tend to favor higher quality products that meet the hygienic and import requirements of more affluent markets, such as the U.S., the EU and Japan. In an optimistic scenario, firms will adjust to market trends, and exports will recover towards the end of the year. The export turnover to China might … [Read more...] about Seafood exports to China unable to quickly recover

Twenty agreements during Obama visit, says envoy Young VNese ’future global leaders’: Obama Fulbright University officially launched in Việt Nam Peace better than war: Barack Obama Obama praises VN’s entrepreneurial spirit Party General Secretary Nguyễn Phú Trọng (right) meets with US President Barack Obama yesterday. — VNA/VNS Photo Trí Dũng Viet Nam News HÀ NỘI — The US is fully lifting its fifty-year old arms embargo on Việt Nam, announced US President Barack Obama yesterday. The historic announcement came in a joint press conference between Obama and his Vietnamese counterpart Trần Đại Quang during the US President’s three-day official trip to the Southeast Asian nation. Obama said that ending the ban on military equipment sales to Việt Nam would boost defence ties with its one-time enemy. Though the decision came in the context of China flexing its muscles in the East Sea, Obama denied removing with China in mind when asked by a … [Read more...] about US lifts arms ban on Việt Nam: Obama

People check in at HCM City’s Tân Sơn Nhất International Airport. — VNA/VNS Photo Hoàng Hải Viet Nam News HÀ NỘI — The Civil Aviation Administration of Việt Nam has banned two passengers from flying for nine to 12 months after they threatened airline staff and violated security regulations. Nguyễn Văn Sơn, 42, a resident of the northern port city of Hải Phòng, has been banned for nine months – August 19, 2017 to May, 18, 2018 – after he shouted at and threatened a flight attendant on the VJ282 flight from HCM City-Hải Phòng in June. After the ban is lifted, for another six months, Sơn will have to undergo compulsory checks to travel by air. Another passenger, Lê Thị Kim Ngân, has been banned for 12 months, starting August 21, 2017, after she allegedly assaulted an airline officer at Tân Sơn Nhất Airport. She will have to undergo compulsory checks from August 21, 2018, to February 20, 2019, to board a flight. Currently, regulations ban passengers from flights for three to … [Read more...] about Two passengers banned from flights for threat, assault

Workers set up a car ban pole on Giảng Võ Street, Hà Nội. - Photo zing.vn Viet Nam News HÀ NỘI — Hà Nội has decided to ban Uber and Grab cars on 13 streets during rush hours in an effort to tackle increasing traffic jams. The city’s Department of Transport has, so far, installed signs prohibiting taxis and nine-seater commercial cars and smaller ones, including those of popular transportation networks Uber and Grab, on nine out of 13 streets. The ban is due to go into effect from Thursday. Accordingly, commercial cars will not be allowed to run between 6 and 9am and from 4.30 to 7.30pm. The streets on which the cars are banned are Hoàng Hoa Thám, Mai Xuân Thưởng, Giảng Võ and Láng Hạ, as well as Lê Văn Lương, Trường Chinh, Khâm Thiên and Hàng Bài, in addition to Phủ Doãn, Xuân Thủy, Cầu Giấy, Giải Phóng and the Chương Dương Bridge on the lane from Long Biên District to the city centre. Department director Vũ Văn Viện said the ban was aimed at reducing the … [Read more...] about Uber, Grab cars banned on 13 streets

Phone exports surpass US$50 billion By Hung Le Samsung Galaxy Note8 phones on display – PHOTO: HUNG LE HCMC – The export of phones and parts brought in a staggering US$50 billion in 2018, up 10.5% from a year earlier. Meanwhile, 2018 was the first year in which a group of products exceeded US$50 billion in export value, according to the General Statistics Office. Data shows that as many as 29 groups of products whose outbound sales have gained over US$1 billion each accounted for up to 91.7% of the total exports. The group of phones and parts took the lead in export value, largely thanks to Samsung Electronics Vietnam and other foreign investors making up 99.7% of the total exports. Moreover, the United States, the European Union and China are still the largest export markets of this group of Vietnamese products. The group of textiles and garments came second with outbound sales of US$30.4 billion, followed by electronics, computers and their parts, US$29.4 … [Read more...] about Phone exports surpass US$50 billion

Vietnam world’s top cashew exporter in 2018 The Saigon Times Daily Vietnam’s cashew industry accounts for 60% of the total export value of cashews in the world, with its export revenue reaching US$3.52 billion in 2018. In this file photo, local workers are processing cashew nuts - PHOTO: VGP HCMC - Vietnam overtook major cashew exporters India and Brazil in 2018 to become the largest exporter of cashews in the world. The country processed 1.65 million tons of crude cashews and exported over 390,000 tons of cashew nuts, generating US$3.52 billion in revenue, VnEconomy reported, citing the Vietnam Cashew Association. With the export revenue, Vietnam’s cashew industry accounts for 60% of the total export value of cashews in the world. However, the demand for cashew nuts in the year-end period of 2018 remained low. Many cashew trading activities with foreign business partners in Europe and the United States were temporarily suspended due to long holidays, according … [Read more...] about Vietnam world’s top cashew exporter in 2018

Bottom fishers lift VN-Index up By Phuong Thao An employee of a securities company monitors stock quotations. The VN-Index of the Hochiminh Stock Exchange recovered on June 4 after five days of losses - PHOTO: THANH HOA HCMC – Bottom fishers took the upper hand today, June 4, as share prices became more appealing after a five-day losing streak, pushing up the VN-Index of the Hochiminh Stock Exchange by 4.69 points, or 0.5%, versus the previous day at 951.16. However, trade on the HCMC bourse declined strongly. Trade volume slumped 12% at 162.4 million shares and value slid 26% at VND3.3 trillion. Block deals remained significant, at 59.6 million shares valued at VND1.2 trillion. Notably, petroleum stocks like PVD, PVB, PLX and GAS advanced although global oil prices edged down further on Monday due to rising trade tensions between the United States and Mexico, and between the United States and China. According to vietstock.vn , Brent crude oil futures prices … [Read more...] about Bottom fishers lift VN-Index up

Greater efforts needed to lift EC’s yellow card on seafood: Deputy PM The Saigon Times Daily Deputy Prime Minister Trinh Dinh Dung speaks at the meeting of the national steering committee for anti-IUU fishing on June 21. He called for increased efforts in the fight against IUU fishing, to help remove the European Commission’s yellow card on Vietnam’s seafood - PHOTO: VGP HCMC - Numerous agencies and 28 coastal localities must make greater efforts in the fight against illegal, unreported and unregulated (IUU) fishing, to help remove the European Commission’s (EC’s) yellow card on Vietnam’s seafood, said Deputy Prime Minister Trinh Dinh Dung. At a June 21 meeting of the national steering committee for anti-IUU fishing, Deputy PM Dung said under the yellow card warning, all Vietnamese seafood shipments are subject to strict inspections before being shipped to the European Union. If Vietnam is unable to have the yellow card lifted, the local seafood industry would be … [Read more...] about Greater efforts needed to lift EC’s yellow card on seafood: Deputy PM

EU set to lift duties on most Vietnamese exports The Saigon Times Daily Minister of Industry and Trade Tran Tuan Anh (R) and European Commissioner for Trade Cecilia Malmström during a meeting in Belgium in 2018 – Photo: VNA HCMC – Nearly all exports of Vietnam to the European Union will have their customs duties removed shortly after the European Union-Vietnam Free Trade Agreement (EVFTA) is signed later this month, according to the Ministry of Industry and Trade. Minister of Industry and Trade Tran Tuan Anh told the local media that the EVFTA and the European Union-Vietnam Investment Protection Agreement will be signed in Hanoi on Sunday, June 30. The trade pact is expected to boost trade between Vietnam and the bloc and expand the country’s export markets, according to the Cabinet member. Given their commitment to abolishing import duties for 100% of tariff lines, the pact will present opportunities to raise exports of Vietnamese goods, such as textiles and … [Read more...] about EU set to lift duties on most Vietnamese exports