Vietnam-Vladivostosk-Moscow railway, sea route inaugurated
A transport route connecting a sea route between Vietnam and Russia's largest port Vladivostok with a railway between Vladivostok and Moscow, was inaugurated Tuesday.
The linkage between the sea route and railway would quicken customs clearance, boosting import-export activities between the two nations.
The route would reduce transport time and streamline administrative procedures for goods transport between Vietnam and the western part of Russia, Russian Railways CEO Oleg Belozerov said at the inauguration ceremony.
FESCO Transportation Group, a major intermodal transport operator in Russia, has transferred 5,000 containers via the Vladivostok-Vietnam sea route, said company president Arkady Korostelev.
He added that the firm plans to improve the transfer frequency on this route, launched in May, connecting major ports in Vietnam’s Haiphong city and Ho Chi Minh City to Vladivostok.
Trade between Vietnam and Russia declined 26.17% year-on-year to $2.23 billion in the first seven months of the year, according to Vietnam Customs.
In 2021, two-way trade reached $7.2 billion, a record-high, said Vietnamese trade counselor to Russia Duong Hoang Minh. Of this, Vietnam’s export revenue to Russia reached $4.9 billion, up 25.9% year-on-year.
Construction commenced Tuesday on the $38.5 million GNP Nam Dinh Vu industrial center project in Nam Dinh Vu Industrial Park, Hai Phong.
Industrial real estate - Wed, September 28, 2022 | 11:23 am GTM+7
Finnish company Valmet will provide Cheng Loong Binh Duong Paper Co. with key process technology for its new containerboard machine 23 at the company’s Ben Cat mill in Binh Duong province, southern Vietnam.
Companies - Wed, September 28, 2022 | 10:36 am GTM+7
The National Assembly, Vietnam’s parliament, is scheduled to pass seven draft and amended laws at its October-November session, including an amended oil & gas law and one on money laundering.
Politics - Wed, September 28, 2022 | 8:38 am GTM+7
The Ministry of Transport has asked the Prime Minister for permission to grant a license to the country’s first cargo airline, IPP Air Cargo.
Industries - Tue, September 27, 2022 | 10:45 pm GTM+7
Son Kim Real Estate Investment JSC planned a private placement of bonds worth VND500 billion ($21 million) late this month to purchase The METT office project in Ho Chi Minh City's Thu Thiem new urban area.
Finance - Tue, September 27, 2022 | 10:27 pm GTM+7
Vietnam's economic expansion can hit 7.2% this year and 6.7% next year, the highest in Southeast Asia, the World Bank says Tuesday.
Economy - Tue, September 27, 2022 | 9:45 pm GTM+7
Nguyen Quang Linh, assistant to Standing Deputy Prime Minister Pham Binh Minh, was arrested Tuesday for allegedly accepting bribes related to repatriation of Vietnamese citizens during the pandemic crisis.
Politics - Tue, September 27, 2022 | 5:06 pm GTM+7
Becamex IDC and the Confederation of Indian Industry (CII) have signed an agreement on partnership in the areas of IT, medical care, electronics, sustainable development and innovation.
Companies - Tue, September 27, 2022 | 3:27 pm GTM+7
BCG Land and Helios have signed strategic agreements with 13 top realty consultants to distribute properties of their King Crown Infinity project in both domestic and foreign markets.
Companies - Tue, September 27, 2022 | 3:26 pm GTM+7
The government has proposed to the National Assembly unique tax incentives for businesses in some prioritized sectors in Buon Ma Thuot, the biggest town in Vietnam's Central Highlands.
Industries - Tue, September 27, 2022 | 2:45 pm GTM+7
U.S. renewable energy developer Vesper Energy has signed a deal to buy 861-megawatt solar modules from Vietnam-headquartered manufacturer Boviet Solar.
Energy - Tue, September 27, 2022 | 11:34 am GTM+7
The disbursement of public investment reached VND243,148 billion ($10.25 billion) in the first nine months of the year, or 46.7% of the government's nine-month plan.
Economy - Tue, September 27, 2022 | 11:12 am GTM+7
Several Ford, Hyundai and Toyota dealers in Vietnam are shocking customers by charging them thousands of dollars more than the sticker price, citing cost of accessories.
Companies - Tue, September 27, 2022 | 10:05 am GTM+7
Typhoon Noru, one of the biggest to hit Vietnam in 20 years, has forced five airports in the central region to suspend operations for at least 24 hours, starting Tuesday.
Travel - Tue, September 27, 2022 | 9:22 am GTM+7
The Central Inspection Committee has proposed the Party Central Committee’s Secretariat considers disciplining Deputy Foreign Minister To Anh Dung and Nguyen Quang Linh, assistant to the Standing Deputy Prime Minister.
Politics - Mon, September 26, 2022 | 8:06 pm GTM+7