Foreign shipping companies interested in Vietnam’s containers

This is the first time Hoa Phat has introduced its products at Intermodal Europe, which took place from October 10-12. (Photo: VNA)Many of the world’s leading shipping companies joining Intermodal Europe in Amsterdam, Netherlands, have expressed their interest in containers produced by Vietnam’s Hoa Phat Group Vu Duc Sinh, Director of Hoa Phat Container JSC, said participating in Intermodal Europe 2023, Europe’s leading event for container shipping and intermodal transport, marks a milestone for Hoa Phat to enter the international container market.With long-term experience in steel production as well as its investment in cutting-edge equipment and technologies, the company is committed to providing containers that satisfy international standards, thus meeting the needs of the marine transportation sector, he said.Tarun Somani, Chief Operating Officer of Boxhub that provides global container services, said he was impressed by Hoa Phat’s sturdy containers that meet special ISO standards.He held that Hoa Phat has many advantages and production capabilities to participate in providing services in the international market.A representative from Coin Container Inspiration praised Hoa Phat for its good prices and reputation, saying it would be a good option for his company in the time ahead.This is the first time Hoa Phat has introduced its products at Intermodal Europe, which took place from October 10-12./.

October 12, 2023 23:00 UTC


Vietnam, India hold huge potential to expand trade: Diplomat

Vietnam and India boast huge potential to further foster cooperation in trade and investment. (Photo: VNA)Vietnam and India boast huge potential to further foster cooperation in trade and investment as both sides have many young and proactive businessmen who are able to create wonderful business opportunities between the two countries, Vietnam ese General Consul in Mumbai Le Quang Bien has said.Attending a ceremony to mark the 84th founding anniversary of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) on October 11, Bien stressed that India, with rapid growth and on the way to become a 5-trillion-USD economy by 2027, has been a potential and trustworthy business partner of Vietnam.Vietnam always treasures trade cooperation as well as cultural and people-to-people exchanges with India, he said, adding many destinations in the Southeast Asian country has been chosen by Indians to organise weddings, including Phu Quoc island.He laid stress on the necessity to open a direct route between Surat port city of Gujarat state and Vietnam to facilitate travel and trade between the two nations.Bien hailed the SGCCI ’s Global Connect Mission 84, which aims to promote India’s trade ties with 84 countries worldwide, and envisages to connect some 84,000 young and talented businessmen from India n and those countries.He described the initiative as an innovative endeavour which is different from conventional approaches, adding entrepreneurs under the initiative, including Vietnamese, will have opportunities to enhance trade ties with Indian businessmen and the global business community.Chairman of the International Entrepreneurs Connection Club Dinh Vinh Cuong spoke highly of the cooperation between Vietnamese businessmen and industrial producers in Surat, thus he wants to work with the SGCCI to create favourable conditions to connect their members.On this occasion, a Memorandum of Understanding was signed between the International Entrepreneurs Connection Club and the SGCCI.With its stable socio-political situation, dynamic economy, young human resources, and strategic position in the global supply chain, Vietnam is an ideal partner for India in the fields of investment, trade, cultural exchange and tourism./.

October 12, 2023 14:51 UTC


Vietnam to work to raise position in global innovation rankings

Products of a science and technology company on display at an exhibition (Photo: VNA)Vietnam stands at the 46th position among the 132 countries and economies listed in the GII 2023 rankings. (Photo: VNA)– The Ministry of Science and Technology (MoST) will work with relevant agencies to conduct innovation evaluation and help localities identify right directions to follow to help raise Vietnam’s position in the Global Innovation Index (GII) rankings, an official has said.The MoST in coordination with the World Intellectual Property Organisation (WIPO) and the Permanent Mission of Vietnam to the United Nations, the World Trade Organisation (WTO) and other international organisations in Geneva held a hybrid workshop on October 10 to provide information about the GII 2023.Speaking in Hanoi, Deputy Minister of Science and Technology Bui The Duy said that in the GII 2023 recently released by WIPO, Vietnam ranks 46th among the 132 listed countries and economies, up two places from 2022. It is also assessed as one of the seven middle-income countries showing the most progress in innovation over the last decade.The country has jumped two places to the 57th from last year in terms of the innovation input sub-index, and one place to the 40th in the innovation output sub-index.Among ASEAN countries, Vietnam follows Singapore (5th), Malaysia (36th), and Thailand (43rd).Duy held that if some factors such as the ICT services exports, copyright payments, fees and licences had been updated, Vietnam’s position in the GII 2023 would have been higher.Coordination from input to output among all parties is needed to promote innovation, the official said, expressing his hope that with support from WIPO experts, the MoST and related units can carry out innovation evaluation, especially for localities, so that they can identify right directions to follow to help raise Vietnam’s position in the GII rankings.Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the UN, the WTO and other international organisations in Geneva, said via videoconference that Vietnam’s position in the GII 2023 rankings is encouraging but also poses a big challenge for the coming time, especially amid numerous political and economic uncertainties in the world, along with changes in investment and trade strategies of many countries.Therefore, Vietnam needs to take measures to tap into its enormous potential and further boost technology transfer and innovation to develop the brands of high-quality Vietnamese goods and services in foreign markets. This requires efforts by all-level authorities and sectors, particularly localities, scientists, the private sector and business associations, to step up innovation and science - technology application, she continued.The ambassador pledged that the Permanent Mission of Vietnam to the UN will assist the country to cooperate with WIPO and related organisations in innovation and technology transfer to develop products and services./.

October 11, 2023 02:25 UTC


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