What's new

Vietnam Economy Forum

Plus that expressway that connect Hanoi to Lao Cai and the bordergate of northwest of china.

By doing so, China can blitz Vietnam at a much faster rate than having to go through the choke points of the mountain like they did in 1979. Within a few days, a two-pronged attack from the northeast and northwest will roll straight to the gate of Hanoi. The two expressways are being built for one purpose only: so Chinese forces can roll straight to Hanoi to set up a puppet government just in case Vietnam wants to switch side and break away from the Chinese political sphere of influence.

Thank, genius. Please advise NATO to cut off all the roads and rail connections with Russia as well, and even to cut off the connections between NATO countries, since Russia will surely use these roads and rails to move their army in case they want to attack NATO..

And for your information, the current road between Hanoi and Mong Cai is more than enough for tanks and trucks to roll at 80 km/h. And with modern warfare tech, possibly China will not need to use the same tactics as in 1979 if they want to attack Vietnam.
 
.
Plus that expressway that connect Hanoi to Lao Cai and the bordergate of northwest of china.

By doing so, China can blitz Vietnam at a much faster rate than having to go through the choke points of the mountain like they did in 1979. Within a few days, a two-pronged attack from the northeast and northwest will roll straight to the gate of Hanoi. The two expressways are being built for one purpose only: so Chinese forces can roll straight to Hanoi to set up a puppet government just in case Vietnam wants to switch side and break away from the Chinese political sphere of influence.
Why don't you convince the Chinese to build high speed rail to Vietnam to facilitate a potential invasion? Do you think the Germans will invade the Netherlands if the Dutch slip out of Germany influence? In which world are you living actually? Somebody needs to slap your face, we are not living in the dark middle age.
 
.
Vietnam rice exporters have seen a very bad year. export shrinks to a level not seen since years. a side effect: Vietnam rice stockpiles are at 46.8 million tons. a record. considering some big countries in the region have as national rice reserves only 1 million ton rice.

20160325T095031Z873603361GF100-7700-3491-1480321451_660x396.jpg

Mmmm....sir, u said not to compare with another country? But why u yourself start it again?
 
.
Mmmm....sir, u said not to compare with another country? But why u yourself start it again?
have you ever seen I started a thread comparing Vietnam to other countries? I think mentioning other countries in sticky threads is ok. by the way, I had Japan in mind with 1 million ton rice national reserves.

That could be the next move why don't you read your own viet news eh. Heck, the Chinese already have low speed rail with their own gauge that can be used solely by the Chinese and this rail line has been moving in and out of Vietnam already and you are too gullible to even know about it.

The Chinese already station 4 divisions in Lam Dong under the disguise as foreign workers and another 4-5 divisions in Ha Tinh's Formosa complex under the same pretext. With the additional two expressways, the Chinese can blitz Hanoi in a matter of a few hours. Kid, somebody need to slap your face for you to wake up. The Chinese have put you on a leash and they have been building all sort of infrastructure in Vietnam to tighten the leash when you try to be funny and break away from them.
so 8-9 PLA divisions in disguise in total in Vietnam. I wonder where are the tanks? you don´t want to tell me Vietnam based Taiwanese steel factories will produce them :)
 
.
That could be the next move why don't you read your own viet news eh. Heck, the Chinese already have low speed rail with their own gauge that can be used solely by the Chinese and this rail line has been moving in and out of Vietnam already and you are too gullible to even know about it.

The Chinese already station 4 divisions in Lam Dong under the disguise as foreign workers and another 4-5 divisions in Ha Tinh's Formosa complex under the same pretext. With the additional two expressways, the Chinese can blitz Hanoi in a matter of a few hours. Kid, somebody need to slap your face for you to wake up. The Chinese have put you on a leash and they have been building all sort of infrastructure in Vietnam to tighten the leash when you try to be funny and break away from them.

You seems to be very ill informed about Vietnam. Stop delusional propaganda.

In North Vietnam, dual gauge lines includes Hanoi - Lang Son (to go to Nanning, China), Hanoi - Ha Long (under construction) and Kep - Ha Long. Standard gauge lines include Hanoi - Thai Nguyen (running) and Kep - Thai Nguyen (unused).

The dual gauge connection from Lang Son was built since 1960s. Both Vietnamese trains and Chinese train (cars only) are running daily between Lang Son and Hanoi.
 
Last edited:
.
Ngoc Trinh or Trinh Thi Ngoc Trinh is south Vietnamese from TraVinh province.
.

15775107_949452161852265_9128175653666236136_o.jpeg


Last update 03:18 | 01/01/2017



Vietnam’s trade surplus at $2.68 billion this year

Viet Nam gained trade surplus of US$2.68 billion for this entire year, the General Department of Customs has reported.


20170101031521-3.jpg



This year, for the first time, vegetable and fruit export value exceeded rice export value.


The general department said the nation had total trade value of $349.2 billion this year, a year-on-year increase of 6.6 per cent. However, trade value in December reduced by 0.6 per cent to $32.3 billion, including $16.3 billion in import value and $16 billion in export value.

Viet Nam had $175.94 billion in export value, a year-on-year surge of 8.6 per cent, and $173.26 billion in import value, a year-on-year increase of 4.6 per cent in 2016.

This year, the nation gained trade surplus $2.68 billion, while last year, it had a trade deficit of $3.55 billion.

Groups of products with high export value this year did not witness many changes from the previous years, the general department said.

This year, telephones and their components had the highest export value at $34.51 billion, followed by $23.56 billion from textile and garment exports, 3.3 per cent higher than last year.

Other products with large export value included the group of computers, electronics and their components ($18.48 billion), the group of equipment, machines, tools and parts ($10.48 billion), footwear ($12.92 billion), seafood ($7.02 billion) and the group of transportation means and their parts ($6 billion).

Difficulties in market and price this year made export value of crude oil drop by 36.7 per cent to $2.35 billion, the general department said.

In 2016, the group of machines, equipment, tools and parts had the largest import value at $28.09 billion, 1.8 per cent higher than last year.

It was followed by the group of computers, electronics and their parts with total import value of $27.8 billion.

Import value of telephones and their parts dropped by 0.3 per cent year-on-year to $10.56 billion.

Other products such as steel, material for plastic, material and sub-material for textile, garments and footwear production had high import value of between $5 billion and $10.5 billion.

Viet Nam this year showed growth in import volume of petrol and oil at 14.2 per cent to 11.47 million tonnes. It, however, also saw a reduction in import value of these products at 11.7 per cent to $4.71 billion compared with last year.

VNS

Last update 11:10 | 10/11/2016
Can Vietnam take full advantage of R&D projects?

VietNamNet Bridge - Investments in research & development (R&D) in Vietnam have been increasing rapidly with the presence of many multinational investors.

20161109131036-scitech-rd.jpg


With investment capital of $300 million, Samsung’s R&D Center in Hanoi, for example, is a large center in the field of software development.

Before opening the center, Samsung had to rent eight floors at PVI Tower building to locate its temporary R&D Center for 1,600 software engineers who have created hundreds of software products for Samsung’s smartphones, including the well-known S-Pen Montblanc.

Samsung’s determination to build an R&D center in Vietnam shows that the multinational group highly appreciates Vietnam’s role as a production and R&D base in its global chain.

The move of the South Korean giant, accirding to analysts, also shows the increase in foreign investment in technology research & development in Vietnam.

Nguyen Mai, chair of the Vietnam Association of Foreign Invested Enterprises (VAFIEs), is excited about this trend, saying that R&D projects are one of the most important targets Vietnam strives towards when attracting foreign direct investment (FDI).

R&D is the starting point for any product or technology solution. R&D not only can help spur the creation of new inventions, but also help train skilled scientific researchers.

Besides Samsung, other large multinational conglomerates also have their R&D in Vietnam, such as Hewlett-Parkard (HP), Panasonic, Yamaha and Piaggio. Of these, Piaggio set up its Asian R&D in Vietnam, not in India or China.

Investments in research & development (R&D) in Vietnam have been increasing rapidly with the presence of many multinational investors.
Most of the conglomerates only began developing R&D centers in the Vietnam about one decade ago.

However, the story about attracting R&D projects began a long time ago. In 2001, Nissan Techno, a subsidiary in charge of R&D for Nissan, an automobile manufacturer, set up Nissan Techno Vietnam to carry out R&D activities in Hanoi.

Encouraged by initial achievements, in 2011, the company decided to develop an R&D project at a larger scale in the Hoa Lac High-tech Park. By October 2015, Nissan Techno had had 1,800 Vietnamese workers.

Samsung has announced that it plans to increase the number of workers at its R&D Center from 1,800 now to 2,800 by 2018. Meanwhile, Robert Bosch has two R&D centers in Vietnam.

Six years ago, when deciding to build up an R&D center in Vietnam, DASAN Zhone Solutions met challenges as the labor force in Vietnam could not satisfy the company’s requirements.

Jong Hyun Park from DASAN Vietnam said that in Vietnam’s IT, fundamental technology does not receive appropriate attention because it is not easy and not a popular training major.

However, any country which wants to become a technology power needs to invest in fundamental technology because this is the foundation for the IT industry.
 
.
Who was best at making money in 2016?

VietNamNet Bridge - The best moneymakers in Vietnam saw their assets in business and investment activities in 2016 increase to very high levels.

20161230132301-make-money.jpg

The richest billionaires

Trinh Van Quyet, chair of FLC, a big real estate development firm, saw his asset value increase by 70 times.

In early 2016, Quyet, with 69.5 million FLC shares, had the total asset value of VND450 billion.

By September 1, Quyet had had 93 million FLC shares. When the price of the share reached the highest peak of VND8,000 per share, his assets increased to VND744 billion. With the modest assets, the businessman was not found in the list of top 10 stock billionaires at that moment.


The best moneymakers in Vietnam saw their assets in business and investment activities in 2016 increase to very high levels.
HIs 179.7 million ROS shares were listed on the bourse on September 1, 2016. At the first trading session, with the price of VND12,600 per share, ROS raised Quyet’s total assets to VND2.961 trillion.

As the ROS price galloped, which climbed to VND86,300 per share after two months, Quyet’s asset value soared to VND24.856 trillion, or over $1 billion.

ROS price once reached the peak of VND124,000 per share, with which Quyet’s stock assets were worth VND35.308 trillion.


By December 23, 2016, with 114.2 million FLC and 279.56 million ROS, Quyet’s assets had reached VND31.366 trillion, or 70 times higher than earlier this year.

Pham Nhat Vuong, the first Vietnamese dollar billionaire, the richest stock billionaire in 2015, saw his assets increasing by over VND5 trillion in 2016.

At the beginning of 2016, Vuong, president of Vingroup, with 532.4 million VIC shares and the price of VND47,500 per share, had VND25.289 trillion in stock assets.

By December 23, 2016, Vuong, with 724 million VIC shares, had VND30.483 trillion in stock assets, though the VIC price decreased to VND42,100 per share.

Tran Dinh Long, who is believed to be the third richest businessman, has his stock assets far behind the two billionaires.

Long now holds 184.3 million HPG shares, i.e. he has VND7.917 trillion (HPG shares were traded at VND42,950 per share on December 23). As such, Long’s assets have increased by VND2.608 trillion compared with early 2016.

At the first trading session of 2016, which took place on January 4, HPG was traded at VND28,800 per share and Long then had VND5.309 trillion.

Hoa Phat, the group owned by Long, is the leading steel manufacturer in Vietnam.

Like Quyet, Do Huu Ha, chair of Hoang Huy Investment & Service JSC, was not listed among the richest stock billionaires in early 2016.

At that time, Ha only had VND60 billion in stock assets thanks to the 4.3 million HHS shares he held.

Ha has been added to the top 10 when Hoang Huy Company listed 363 million shares on the bourse. By December 23, Huy had VND2.6 trillion.
US$1=VND22,000
 
.

NEWS

n-vietnamese-a-20170119-870x615.jpg

Vietnamese Doan Thy Trang (center) talks with a client at a trade fair at Tokyo Big Sight in October. | KYODO

NATIONAL
Refugee’s daughter driven to build Japanese language school in Vietnam

BY KAZUYA IWAMURA



The child of a refugee from Vietnam is striving to realize her dream of building a Japanese language school in the Southeast Asian country.

“My dream is to do something that would serve as a bridge between Japan and Vietnam,” said Doan Thy Trang, 27.

To achieve that goal, she founded a consulting firm in Akashi, a city in Hyogo Prefecture facing the Seto Inland Sea, in January 2015.

Trang explained that many business trainees from Vietnam she meets through her work have little difficulty communicating with Japanese in daily conversations but struggle with technical terms.

“Vietnamese need a school that teaches them Japanese language used in workplaces,” she said.

Trang moved to Japan in 2005 with her mother and older sister to join their father, who had fled Vietnam about 15 years earlier and obtained refugee status from the Japanese government. She made Akashi her new home after her father settled there.

She refused to speak in detail about her parents, who were both teachers in Vietnam, indicating she feared relatives could still face political persecution in their home country.

Back home, Trang was always one of the brightest students at junior high school and was especially good at mathematics and English.

But in Japan, she faced a language barrier. Before entering a local junior high school, she studied Japanese for six months at a facility set up in Tokyo’s Shinagawa Ward to support refugees. However, she could not answer questions in her first tests at the school.

“I didn’t even understand what the questions meant,” Trang said.

Despite a host of challenges, including cultural differences and discrimination, Trang was determined to study hard and establish a foundation for a better livelihood.

Her efforts were rewarded as she passed an entrance examination for a prefectural high school in Hyogo.

After graduation, she applied for a scholarship program established by the U.N. High Commissioner for Refugees to support college education for refugees. But she failed an examination for the program.

After studying for one year, Trang passed the exam in 2011 and was allowed to enter Kwansei Gakuin Universty’s School of International Studies.

“That one year was the hardest time for me,” Trang said. “I cried almost every day worrying about my future.”

But she also did not waste that time, studying accounting and bookkeeping at a vocational school.

At Kwansei Gakuin, Trang studied accounting and business management.

Instead of seeking employment at a company, she developed an interest in running her own business, an idea she harbored during her job-hunting activities, including visiting consulting firms.

In January 2015, two months before graduation, Trang launched a consulting company in Akashi with capital of ¥100,000.

Services provided by her company are wide-ranging, from Japanese-Vietnamese translation and importing Vietnamese food and goods to acting as a lecturer at investment seminars for municipalities.

In late October, for example, she took an official from a Vietnamese construction company to a trade fair in Tokyo.

The two visited more than 200 booths set up at Tokyo Big Sight for the trade fair on construction materials, and asked questions in Japanese on behalf of the Vietnamese official.

About a month later, Trang was in her hometown in Tra Vinh province, about three hours’ drive south of Ho Chi Minh City, looking for a site for her envisioned language school.

Despite rainy season coming to an end, it rained almost every day as she walked the city in search of a site.

While she was in Vietnam, Trang delivered cosmetic samples to Vietnamese women she met on behalf of a Japanese cosmetic-maker, which she hopes will sponsor her language school project.

“I have to achieve results so I can convince potential sponsors,” she said.
 
.
Vietnam's super-rich population is growing faster than anywhere else
By VnExpress March 2, 2017 | 01:00 am GMT+7
riches-1488365073-6702-1488365490_660x0.jpg

Women walk next to a Louis Vuitton sign as they enter the luxury Trang Tien Plaza shopping mall in Hanoi. Photo by Reuters/Kham
The country now has 200 people with investable assets of at least $30 million.
Vietnam’s ultra-rich population is growing faster than any economy in the world, and is on track to continue leading the growth in the next decade, based on a new international research.

The Wealth Report by the U.K.’s independent real estate consultancy Knight Frank found there are 200 ultra high net worth individuals (UHNWI) in Vietnam, who are defined as people with investable assets of at least $30 million, excluding personal assets and property such as a primary residence, collectibles and consumer durables.

UHNWIs are the richest people in the world who control a disproportionate amount of global wealth.

In Vietnam, this super rich group has grown by 320 percent between 2000 and 2016, the fastest in the world compared to India’s 290 percent and China’s 281 percent, the report said.

The number is expected to continue rising to 540, or by 170 percent, in 2026, the highest growth rate in the world. Millionaires in Vietnam are expected to jump to 38,600 from 14,300 over the same period.

wealth-4745-1488365490.png

The world's top growth rates of ultra-wealthy people over the past decade, and forecasts for the next. Graphics by Knight Frank

Andrew Amoils, Head of Research at the global wealth intelligence and market research firm New World Wealth, highlighted Vietnam as the market whose “stellar” growth rate is set to reinforce “dramatic growth” of the super-rich population in Asia.

“We expect Vietnam’s millionaire numbers to be boosted by strong growth in the local healthcare, manufacturing and financial services sectors,” Amoils was quoted in the report as saying.

It also cited World Bank remarks as describing Vietnamese economy with “remarkable” transformation over the last 25 years, with economic and political reforms translating into higher incomes. The bank has projected Vietnam’s average GDP growth of around 6 percent annually until 2020.

Knight Frank report reflects considerable variation between UHNWIs growth rates in different regions and countries, due to local factors that underpin wealth creation and the mobility of ultra-wealthy people.

The number of ultra-wealthy people is predicted to climb by an average of 12 percent over the next decade in Europe, compared with a forecast 91 percent growth in Asia.

The number of ultra-wealthy people worldwide, which has grown 42 percent over the past decade, is expected to grow another 43 percent to 275,740 in 2020.

Related news:
 
.
Vietnam set to self-produce satellites by 2022
Source: Xinhua 2017-03-24 13:08:20

HANOI, March 24 (Xinhua) -- Vietnam targets to self-develop Lotusat-2 by 2022 when its technical facilities for satellite research, assembly, integration and testing are ready to operate, according to the Vietnam National Satellite Center (VNSC).

Pham Anh Tuan, director of VNSC, was quoted by local Nhan Dan (People) newspaper as saying on Friday that after developing one-kilogram PicoDragon, the first Vietnamese self-produced mini satellite which was sent into the orbit in 2013, his center will continue a project of satellite manufacturing to make NanoDragon (weighing 4-6 kg), MicroDragon (50 kg) and Lotusat (600 kg).

In 2018, Vietnamese satellite MicroDragon will be sent to the orbit with a mission to observe coastal water to evaluate water quality and make forecast on aquatic cultivation.

In 2019, Lotusat-1 will be launched and put into operation while in 2022, Lotusat-2 will be domestically made, assembled and piloted by the VNSC.

"The two satellites with modern radar sensor technology will be in charge of supervising Vietnamese land and sea in all weather conditions, contributing to reduce impacts of climate change and natural disasters, manage natural resources and monitor the environment," said Tuan.

http://news.xinhuanet.com/english/2017-03/24/c_136154700.htm

images
 
.
.
Vietnam's PV Gas bags $65 mln in Q1 net profit on rising revenue
By Ho Binh Minh April 8, 2017 | 08:35 am GMT+7
The company reported revenue in the first quarter of 2017 rose nearly 7 percent from a year ago to VND15 trillion.
PetroVietnam Gas Corporation, Vietnam's biggest listed energy firm, said Friday its net profit in the first quarter ending March stood nearly flat compared with the same period last year, a significant improvement after reporting an annual net profit fall of 44 percent in the same period a year ago.

The Ho Chi Minh City-based firm, also known as PV Gas, reported January-March net profit reached an estimated VND1.476 trillion ($65 million), almost unchanged from a year ago while revenue rose nearly 7 percent in the same period to about VND15 trillion, it said in a statement, advising unaudited results for the first quarter.

Last year PV Gas, the gas processing arm of state oil and gas PetroVietnam group, made a net profit of VND1.478 trillion in the first quarter, far below the VND2.66 trillion reported in the same period of 2015, as revenue fell 9.6 percent to VND14.04 trillion, based on the company's financial statement.

In the whole of 2016, PV Gas said its net profit fell 14 percent to VND7.17 trillion as global crude oil prices decreased 15 percent from the previous year to an average $45 per barrel.

This year PV Gas produced nearly 2.5 billion cubic meters of natural gas in the first three months, or 27 percent of its annual target, the statement said.

Condensate and liquefied petroleum gas output have also reached around 30 percent of the annual targets for 2017, PV Gas said.

Overall, Vietnam's natural gas output reached an estimated 2.52 billion cubic meters in the first quarter, down 8.9 percent from a year ago, government statistics show.

In February, PV Gas signed an agreement with PetroVietnam Exploration Production Corporation to develop the second phase to tap gas at the Su Tu Trang (White Lion) field off the country's southern coast between 2020 and 2035.

Gas output from Su Tu Trang, one of the four fields in block 15-1, could offset the country's declining natural gas output and helps meet Vietnam's rising demand for fuel in coming years.

PV Gas is scheduled to hold its shareholder meeting on April 17 to discuss production and business targets for 2017.

PetroVietnam, its parent firm, has already projected natural gas output this year to fall 9.4 percent to 9.61 billion cubic meters, and the crude oil output would drop 14.6 percent to 14.2 million tons, or 285,000 barrels per day.

The Vietnamese government has planned lower crude oil output this year as it is stepping up the restructuring of the economy toward sustainable growth via expanding the sectors which do not rely on the exploitation of natural resources.

PV Gas stocks closed up 4.4 percent at VND57,200 per share on Friday.
 
.
Vietnam’s first Tesla Model X made its way into Da Nang port early Tuesday morning after a Hanoi man commissioned a local car dealership to import Tesla’s flashy electric crossover SUV into the country.

A local reader of Teslarati sent us a video showing a fully loaded Ludicrous Model X P100D in 7-seat configuration rolling out from a shipping container at Vietnam’s third largest port. According to a representative of HC Auto, the luxury car dealership responsible for importing the vehicle, the Tesla Model X was ordered to the exact specifications of its customer in Hanoi, and will be delivered to them after completion of customs clearance. HC Auto did not provide specifics on how much the customer paid to import the electric SUV that costs upwards of $160,000 in the US.

https://www.teslarati.com/vietnam-impors-first-tesla-ludicrous-model-x-p100d/




 
. .
rather late than never. it is all about too lure sport car makers to Vietnam.

Ferrari 488 Spider ($270,000)
ferrari-488-spider-hung-yen-1494300551217-265-0-669-720-crop-1494300574555.jpg

img-1468-1486306921870-1494254310480.jpg

img-1461-1486306921832-1494254310474.jpg

img-1453-1486306921855-1494254310454.jpg

ferrari-488-spider-ra-bien-6-1494253347050.jpg


Mercedes-AMG GT S
xe-the-thao-1494605312720-93-0-632-960-crop-1494605329483.jpg

mercedes-amg-gts-cuong-do-la-2-1494605312724.jpg

mercedes-amg-gts-cuong-do-la-5-1494605312730.jpg

mercedes-amg-gts-cuong-do-la-6-1494605312732.jpg

mercedes-amg-gts-cuong-do-la-1-1494605312737.jpg
 
.
Back
Top Bottom