Japanese group starts work on 1.8 million USD overpass in Da Nang

Sunday, 15/01/2023 21:34
Mikazuki Hotel Group of Japan held a groundbreaking ceremony on January 15 for an overpass connecting the Da Nang Mikazuki entertainment complex and the beach across Nguyen Tat Thanh street in the central city of Da Nang, reported Vietnam News Agency.
Mikazuki Hotel Group of Japan holds a groundbreaking ceremony on January 15 for an overpass in Da Nang city (Photo: VNA)

With a total investment of 42 billion VND (nearly 1.8 million USD), the bridge measures more than 140 metres in length and stands 11 metres high, and is designed in the modern Japanese architectural style.

Speaking at the ceremony, Chairman of Hotel Mikazuki Group Odaka Yoshimune said the pedestrian bridge will allow locals to safely reach beach and enjoy the beautiful landscape of the locality.

Vice Chairman of the city’s People’s Committee Le Quang Nam said 2023 marks the 50th anniversary of Vietnam-Japan diplomatic ties, and the work will be a great testament to the friendly diplomatic ties between the two nations.

The construction of the bridge is expected to be completed on May 30, 2023.

Currently, Japan is the leading foreign investor in the number of FDI projects in Da Nang with 222 projects and total investment capital of more than 1 billion USD.

Vietnamese organic products introduced to Dutch consumers

Miss Linh, an e-commerce platform of Viet Nam Food Europe BV operating in the Dutch market, has presented Vietnamese eco-friendly products at Horecava 2023 in Amsterdam, the Netherlands, reported Vietnam News Agency.

Vietnamese Ambassador to the Netherlands Pham Viet Anh (the fifth from the left, second row) takes group photo with Miss Linh's representatives. (Photo: VNA)

At the event, which was held from January 9 to 12, Miss Linh signed a contract with VI2CI company, one of the e-commerce platforms for agricultural products, electronic devices and fashion in Vietnam. This is seen as an opportunity for Vietnamese agricultural products to penetrate the Dutch market.

According to Vietnamese Ambassador to the Netherlands Pham Viet Anh, as the Nethelands is a gateway to Europe so it is easy for a product to enter other European countries once it is imported into the Netherlands.

More recently, Vietnamese litchi and longan were shipped to France and Belgium from the Netherlands and later transported to other countries, including those in Eastern Europe.

Since its establishment in August 2022, Miss Linh has helped four small and medium-sized businesses owned by women sell their products on "webshop" platform.

Miss Linh is expected to develop quickly in the Dutch market, especially in the context that e-commerce has became popular and bilateral trade turnover between the two countries has increased in recent years, reaching about 11 billion euros  (11.9 billion USD) in 2022.

Horecava is an annual trade fair in the Netherlands specialising in the fields of restaurants, hotels, food and beverages and interior design. This year's edition attracted some 700 companies from around the world.

Positive signals for rice exports in 2023

Vietnam exported nearly 7.2 million tonnes of rice worth 3.49 billion USD last year, including many shipments navigating demanding markets such as Japan and the European Union (EU), reported Vietnam News Agency.

Vietnam exported nearly 7.2 million tonnes of rice worth 3.49 billion USD last year. (Photo: VNA)

Minister of Agriculture and Rural Development Le Minh Hoan said the sales signaled that Vietnamese rice has gained better quality, from choosing varieties for cultivation and standardisation to meet requirements of each market.

Aware of the need to build long-term business strategies, major rice exporters such as Trung An Hi-tech Farming JSC and Loc Troi Group have teamed up with farmers and cooperatives in material zones to generate stable and quality rice supply.

Illustrative image (Source: VNA)

Vice Chairman of the Vietnam Food Association Do Ha Nam said thanks to jasmine and high-quality rice, Vietnam won a number of markets and recorded fast growth in demanding markets such as the US and the EU.

Many firms already received orders until April or even the third quarter of this year.

The VFA forecast that domestic rice exporters have a distinct advantage this year thanks to high rice prices and huge demand from China, the Philippines and Africa.

The Philippines, the biggest importer of Vietnamese rice, has decided to maintain import tax of 35% this year.

Meanwhile, the second Vietnamese rice importer  - China - will lift its zero-COVID policy and reopen its borders with Vietnam, Nam said.

Retail market returns to pre-pandemic level

The Vietnamese retail sector has recovered to the pre-COVID-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC, reported Vietnam News Agency.

Shoppers at a supermarket (Photo: VNA)

In its recently released survey, Vietnam Report said that after the pandemic is controlled, the Vietnamese retail market saw the speeding up of the application of digital technologies in business administration, operations, logistics and distribution of many firms.

Meanwhile, a report from the Ministry of Industry and Trade (MoIT) showed that Vietnam’s retail market currently values at 142 billion USD, which is expected to reach 350 billion USD in 2025, making up 59% of the country’s 2022 GDP.

Last year, total revenue from retail sales of goods and services rose 21%, exceeding the target set by the MoIT. However, according to MoIT Deputy Minister Do Thang Hai, the figure is equivalent to 82% of the calculated level in normal conditions, while the sector is still facing many problems, including those in logistics, infrastructure and linkage in the supply chain.

Vu Thi Hau, President of the Association of Vietnam Retailers, said that to catch up with the strong growth of e-commerce activities, the association is building a project on digital transformation in the retail sector, which is expected to help payment process easier.

Hau said she believes that 2023 will be a successful year for both domestic and foreign retailers with stronger recovery of the market after the pandemic./.

Compiled by BTA