Information about the event. (Photo: VOV)

The virtual event is set to be co-hosted by the Ministry of Industry and Trade, the Delegation of the EU to Vietnam, and the European Chamber of Commerce (EuroCham) in Vietnam.

Most notably, the function will serve to connect 14 points of Vietnamese Trade Offices in Europe, while guests will be directly provided with market information whilst receiving support in a bid to strengthen connectivity with partners in the region.

The forum will primarily focus on assessing the economic and trade changes between the nation and the bloc following the enforcement of the EVFTA, the practical effectiveness of taking advantage of the trade deal, while also devising scenarios aimed at restoring and boosting both trade and investment in the new context.

The event also provides an ideal venue in which experts can exchange information and their views on market trends, co-operation prospects, and practical recommendations for businesses in a bid for them to adapt and take full advantage of market opportunities.

According to data compiled by the General Department of Vietnam Customs, the total import-export turnover between the country and the EU enjoyed a surge of 11.9% to 54.6 billion USD compared to the same period from last year after the enforcement of the trade deal a one year previously.

Of the figure, export and import turnover increased by 11.3% and 12.4% to reach 38.48 billion USD and 16.16 billion USD, respectively.

Despite these positive figures, local firms are being advised to fully met the stringent requirements and technical barriers in terms of human health, environment, and sustainable development as a means of taking advantage of the incentives brought about by the EVFTA.

Moreover, domestic businesses are recommended to quickly grasp the situation, proactively adapt and innovate themselves to deeply participate in the restructuring of global supply chains and values.

Vietnam Airlines to resume Hanoi-Can Tho air route from October 18

Vietnam Airlines aircraft (Photo: VNA)

National flag carrier Vietnam Airlines has officially restored its regular route between Hanoi and Can Tho in a pilot period from October 18 to 20, reported Vietnam News Agency.

Tickets for the flights are now open for sale at the carrier’s website, mobile application and official ticket offices and agents to meet the travel demand of passengers.

Specifically, Vietnam Airlines will operate one flight per day from Hanoi to Can Tho and vice versa by Airbus A321. The flight departs from Hanoi at 10:00 and from Can Tho at 13:05.

Passengers on the flight must satisfy pandemic prevention and control requirements, including a negative testing COVID-19 certificate within 72 hours and full vaccination of two shots, or certificate of recovery from the disease within six months.

From October 10, Vietnam Airlines has restored 16 domestic routes including between Hanoi and Ho Chi Minh City and Da Nang; between Ho Chi Minh City and Hai Phong, Thanh Hoa, Vinh, Da Nang, Chu Lai, Hue, Nha Trang, Tuy Hoa, Dong Hoi, Quy Nhon, Phu Quoc, Rach Gia, Ca Mau; and between Thanh Hoa and Da Lat./.

Vietnam’s master plan focuses on development of six major port clusters

Lach Huyen international sea port in Hai Phong city (Photo: VNA)

Vietnam’s master plan on developing domestic seaport network over the next 10 years, with a vision to 2050, will focus on the development of six major port clusters, Vietnam News Agency quoted Minister of Transport Nguyen Van The's saying.

The Minister made the remark during a recent conference of the Transport Ministry announcing the master plan.

The plan gives priority to upgrading the system of seaports in northern Hai Phong city, with an aim of turning Lach Huyen into a port serving container cargo, along with the port clusters in Thanh Hoa, Da Nang and Khanh Hoa in the central region, and Cai Mep (Ba Ria-Vung Tau) and Tran De (Soc Trang) in the south.

He said that a specific mechanism will be devised to seek consideration of the Prime Minister.

Deputy Transport Minister Nguyen Xuan Sang said that the plan was among national ones that receive the earliest approval of the Government. It holds significant meaning in realising socio-economic development and maritime economy strategies.

Under the plan, priority will also be given to international gateway ports, large-scale seaports and those serving tourism development and industrial parks.

Up to 95 percent of about 313 trillion VND (nearly 13.8 billion USD) needed for the plan’s implementation will be mobilised outside the State budget./.

Vietnam’s 500 most profitable enterprises in 2021 announced

The Vietnam Report and online newspaper VietNamNet have just announced the Profit 500 list, featuring the top 500 most profitable enterprises in Vietnam this year, reported Vietnam News Agency. 

The Vietnam Report and online newspaper VietNamNet have just announced the Profit 500 list (Illustrative photo: VNA)

Prominent in the list are Samsung Electronics Thai Nguyen Co Ltd, Viettel Military Industry and Telecoms Group (Viettel), Vietnam Oil and Gas Group (PetroVietnam), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Hoa Phat Group JSC, Vietnam Electricity (EVN), Vingroup, and Vietnam Dairy Products JSC (Vinamilk).

During the 2017-21 period, the three sectors of property development and construction, finance, and food and beverages, had the largest number of companies in the rankings, said General Director of the Vietnam Report JSC Vu Dang Vinh.

Viettel Military Industry and Telecoms Group (Viettel) is included in the top 500 most profitable enterprises. (Photo: nhandan.vn)

The compound annual growth rate (CAGR) of all companies in the Profit 500 list this year averaged 10.12 percent.

Statistics also indicate that 53.1 percent of 339 publicly traded companies maintain their growth momentum during 2019-20 and the first half of this year.

Meanwhile, 24.4 percent of firms have shown signs of recovery in the first half of 2021.

Due to difficulties caused by COVID-19, the return on asset (ROA) of foreign enterprises inched down by 0.1 percent from 2020 to 12.4 percent this year, while that of the private economic sector saw a year-on-year decline of 0.4 percent to 9.4 percent.

ROA of public firms fell to 8.4 percent from 11.7 percent recorded in the previous year./.

BTA