HANOI -- Vietnam's real estate developer Kinhbac City (KBC) said on Tuesday that its subsidiary has partnered with The Trump Organization to develop a US$1.5 billion golf course and hotel project in Vietnam's Hung Yen Province. The project consists two 54-hole golf course systems, together with a network of hotels and resorts and a modern residential complex, the statement added. Vietnam has potential in the luxury hotel and entertainment industry," Eric Trump, Executive Vice President of The Trump Organization, also the second son of former President Donald Trump, said in the statement. Vietnam, with a population of 100 million, currently has about 70 golf courses and 100,000 local golfers, according to the Vietnam Golf Association. The U.S.-based Trump Organization did not immediately respond to an emailed request from Reuters for comment.

The revised Securities Law, which will replace the 2019 law, focuses on upgrading the stock market, improving capital mobilization efficiency, and clearly defining responsibilities for violations in the market. Photo: LT.On the morning of October 8, the State Securities Commission (SSC) organized a workshop to gather input on the proposed amendments to the Securities Law. Previously, the government submitted a proposal to the National Assembly to amend several laws, including the Securities Law, as part of the 2024 legislative agenda. Addressing practical obstacles to promote the development of the stock market with the goal of upgrading the market’s status. According to SSI Research, this is a step closer to meeting the criteria for Vietnam's stock market to be upgraded to emerging market status by FTSE Russell.

A large tree became uprooted during a heavy rain on Monday evening in downtown Ho Chi Minh City, injuring four people. Except for one person who was injured slightly, the others were rushed to nearby hospitals, a representative of Ho Chi Minh City Greenery Parks Co. Ltd. was cited by local media as saying. The incident injured four people in Ho Chi Minh City on October 7, 2024. A representative from Children's Hospital 2 in Ho Chi Minh City confirmed that the hospital admitted a child in critical condition from the incident. Photo: Le Phan / Tuoi TreBinh Thanh District, District 1, Phu Nhuan District, and Thu Duc City in Ho Chi Minh City experienced a heavy rain on Monday evening with rainfall of 10-70 millimeters.

SEOUL — South Korea, a regional technology powerhouse, wants to partner South-east Asia as the region embraces the latest innovations in fields ranging from artificial intelligence (AI) to clean energy. Another challenge facing ASEAN is the “economic and social impacts of climate change”, said the South Korean leader. About 6,000 South Korean businesses have a presence in ASEAN, representing nearly half of all South Korean enterprises in overseas markets. South Korea has been rocked by a series of deepfake porn crimes, with most of the perpetrators being teenage boys. Establishing a green economy is key to sustainable development, as is addressing low birth rates, which Yoon said are common goals shared by South Korea and Singapore.

Over 2,000 workers at the 8,000-square-meter factory, which specializes in manufacturing footwear, have been staying home in the wake of the fire, disrupting its production. Forces cordon off the factory destroyed by a massive fire in Ba Ria-Vung Tau Province, southern Vietnam for investigation. On Tuesday afternoon, local authorities collaborated with relevant units to find ways to support the workers temporarily jobless because of the fire. The factory owner expressed hopes of resuming production as soon as possible to bring the employees back to work. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Hải Yến HCM CITY — The management and control of counterfeit and low-quality cosmetics, which are being sold widely on e-commerce platforms, has become an urgent issue. These figures show the rapid growth of the cosmetics industry on e-commerce platforms. L.’s case is just one among many cases of patients who have suffered complications after using counterfeit cosmetics. The focus of these inspections is on businesses operating on e-commerce platforms and social media. In addition to regulatory measures, raising consumer awareness about the dangers of counterfeit cosmetics plays a crucial role in addressing this issue.

With this decision, France is the 8th country in the world to have such a level of relationship with Việt Nam, after China, Russia, India, South Korea, the United States, Japan and Australia. Việt Nam and France have aligned on major directions and measures to ensure this partnership deepens and becomes more practical, fitting the new context of Việt Nam-France cooperation. Lâm congratulated France and President Macron on successfully hosting the 2024 Paris Olympic and Paralympic Games, and especially 19th Francophonie Summit in October. They pledged to continue promoting concessional loans and Official Development Assistance (ODA) for Việt Nam and encouraging businesses to fully realise the benefits of the EU-Việt Nam Free Trade Agreement (EVFTA). On this occasion, Lâm invited Macron to visit Việt Nam soon and the French leader accepted the invitation with pleasure.

According to the General Statistics Office, Việt Nam welcomed nearly 1.3 million international visitors in this September, a 20.9 per cent increase from last September. South Korea led the way with 3.3 million visitors, followed by China with 2.7 million. According to the Việt Nam National Administration of Tourism, the primary drivers of this growth were the major markets in Northeast Asia. In terms of recovery compared to pre-pandemic levels in 2019, India led with an impressive 305 per cent growth. Overall, international tourism to Việt Nam experienced solid growth in the first nine months of 2024.

Vietnam’s economy may reach a value of US$2 trillion by 2050, allowing the country to become an economic power in 20-30 years, according to Prof. Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF). “More than anyone else, young people are the core force that plays a decisive role in forming and developing the knowledge-based economy in Vietnam," Mai said. The WEF leader assessed Vietnam's economic growth as a dependent on industries and exports, especially electronics and goods manufacturing, believing its economic and social structure will change significantly and transition into the era of intelligence by 2050. In the education sector alone, the WEF founder deemed Vietnam's system a long-standing pillar of the country's success, especially in science, technology, engineering, and mathematics. The WEF chairman emphasized that people who are passionate and ready to adapt, develop, and learn new skills can succeed.

HÀ NỘI — Prime Minister Phạm Minh Chính on Sunday issued an official dispatch on accelerating the elimination of temporary and dilapidated houses across the nation. He expressed his belief that the movement will continue creating strong and widespread motivation among the public, helping realise the set goal. He called for concerted efforts and drastic actions of sectors and localities to complete the set goal by December 31 next year, with housing support for people who rendered service to the nation, housing assistance under the national target programmes and one under the removal of temporary and dilapidated houses for local residents. The committee will be responsible for proposing the Prime Minister solutions and specific ways to eliminate temporary and dilapidated houses across the nation, assuring the work’s progress. The Government’s Office was ordered to keep close tabs on the implementation of the official dispatch and report to the Prime Minister on any issues that exceed its authority.

QUẢNG NAM — The central province of Quảng Nam has called for an emergency restoration plan to save the ruins of the Đồng Dương Buddhist monastery, a tower complex and pedestal altar built by the ancient kingdom of Champa, from complete collapse. “However, any restoration plan or architectural repairs related to the national relic must be approved by the Ministry of Culture, Sports and Tourism. It also needs a huge fund from the State budget to restore the Chăm complex to its original design from previous centuries,” he added. He said land clearance for the site restoration project would begin in 2025. The provincial department said a conference on restoring the ancient site will be scheduled for 2025.

“Unfortunately, Việt Nam's adoption of biotechnology has been slow, and the gap between Việt Nam and the rest of the world is widening. It is necessary to remove barriers to the adoption of GM crops in Việt Nam. Việt Nam is one of the countries with the most advanced legal frameworks for GM crops. However, Dr Phương expressed concern about the lack of clear regulations for gene-edited crops in Việt Nam. Since 2015, Việt Nam has imported over 13,000 tonnes of GM maize seeds, covering 662,000 hectares, with official cultivation starting in March 2015.

National flag air carrier Vietnam Airlines has launched the first and only direct air service between Vietnam and Munich, Germany. Following the inaugural flight, Vietnam Airlines plans to open a direct route between Ho Chi Minh City and Munich on Monday. The airline will offer a weekly flight departing Ho Chi Minh City for Munich on Mondays. Two decades ago, Vietnam Airlines started operating an air route between Vietnam and Germany. Particularly, Vietnam Airlines and Germany’s Lufthansa are offering direct air services from Hanoi and Ho Chi Minh City to Frankfurt.

However, in Vietnam, the law permits children to ride on motorbikes from birth and does not mandate helmets for those under six years old. Even as late as 2012, when I first arrived in Vietnam, it was commonplace to see people riding around without helmets. Children need to be on motorbikes and there is no product available to apply to the law to improve the safety of riding for children. Motorbikes in Vietnam go slow and they go even slower when carrying children. Indeed, stopping children from riding on motorbikes breaks the very fabric of this culture that I love so much.

Besides, members of the committee include leaders from the Ministries of Construction, Finance, Planning and Investment, National Defence and Public Security and State Bank of Vietnam and General Director of Vietnam Television, Voice of Vietnam and Vietnam News Agency. He said that Việt Nam always remembers the valuable support and assistance that the Government and people of Mauritania gave Việt Nam in the struggle for national independence. For his part, Ghazouani congratulated Việt Nam on the country's achievements so far, regarding Việt Nam as a success example for African countries, including Mauritania. Both sides discussed ways to enhance cooperation between Vietnam and the Francophone community, particularly in economic, trade, investment, and sustainable tourism cooperation. Meanwhile, Amherd noted that Vietnam is an increasingly important economic partner for Switzerland in the region, and a high-priority partner for development cooperation.