Purchasing power is projected to increase by about 10% during Lunar New Year 2024
HÀ NỘI — Experts expect that purchasing power during the Lunar New Year 2024 holidays may increase by over 10 per cent compared to the same period last year. The supply of essential goods has been also proactively prepared by businesses very early, with the amount of inventory increasing by 10 – 25 per cent over the same period. To stimulate domestic consumption, many businesses have plans to deploy promotion programmes and discounts on many essential consumer products, especially in the months leading up to Tết. Retail sales of goods increased by 8.6%According to the report on the implementation of Resolution No. Specifically, trade and service activities in November are quite exciting in preparation for the major holidays at the end of the year and to celebrate the Lunar New Year 2024.
Source:Viet Nam News
December 19, 2023 08:00 UTC
AES Vietnam receives CSR Award from AmCham Hanoi for the 7th consecutive year
AmCham congratulates AES Vietnam on their CSR Recognition Award.”Joe Uddo, President of AES Vietnam, added: “We are grateful to AmCham Hanoi for this recognition, which reflects our values and mission as a company. We are proud to be part of the journey to develop a prosperous Vietnam through our CSR program.”In November 2023, AES Vietnam also received recognition from AmCham Vietnam, Ho Chi Minh Chapter, with an ESG Impact Showcase award. AES Vietnam was praised for its reliable and responsible partnership in providing safe, affordable, and sustainable energy solutions for Vietnam, as well as its unwavering commitment to ESG principles. In October 2020, AES Vietnam and PV GAS signed a Term Sheet of the Joint Venture Agreement for Son My LNG terminal. For more information, visit: www.aes-vietnam.comAbout AESThe AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy.
Source:Viet Nam News
December 19, 2023 07:32 UTC
VIETNAM NEWS HEADLINES DECEMBER 19/2023
Like other developing countries, Vietnam is struggling to shrink the gap between patients’ demand and treatment products, as biological drugs or targeted ones are currently unavailable or too expensive in Vietnam, making them difficult to access for the majority, heard the symposium. According to the State Committee of Overseas Vietnamese, Vietnamese expatriates strongly desire to return home, visit places and explore Vietnamese culture and traditions. Young overseas Vietnamese travel throughout Vietnam, visiting famous scenic spots and learning about the culture and customs of different regions. Vietnamese missions abroad are expected to be key in promoting Vietnamese tourism among the expatriate community. On December 18, high-ranking defence delegations of Vietnam and India watched some activities of the exercise at the site.
Source:Viet Nam News
December 19, 2023 04:58 UTC
VinFuture Sci-Tech Week opens
HÀ NỘI — The 2023 VinFuture Sci-Tech Week kicked off on December 18, bringing together leading scientists and experts in key technological domains, including semiconductor technology, precision medicine, green transportation infrastructure and artificial intelligence. Themed “Boundless Unity”, the four-day 2023 VinFuture Sci-Tech Week comprises a wide array of events, including the “Science for Life” Symposia, the “VinFuture Discovery Talk Series", the prestigious “VinFuture Prize Award Ceremony”, and “Talk Future: Dialogue with the 2023 VinFuture Prize Laureates”. The highlight of VinFuture Sci-Tech Week is the connection activities under the “VinFuture Discovery Talk Series”, organised for the first time to cultivate partnerships and delve into potential technology transfers among renowned research institutes and universities in Việt Nam. The 2023 VinFuture Prize Award Ceremony will be held on the evening of December 20, honouring laureates of VinFuture Prize Season 3, whose technological breakthroughs were meticulously curated from a comprehensive pool of nearly 1,400 nominations spanning over 90 countries and territories worldwide. Wrapping up the VinFuture Sci-Tech Week is the grand finale themed “Talk Future: Dialogue with the 2023 VinFuture Prize Laureates” scheduled for December 21.
Source:Viet Nam News
December 18, 2023 23:46 UTC
Real estate market to recover in Q2 2024, accelerate in 2025, experts predict
HCM CITY — Việt Nam's real estate market will bounce back starting from the second quarter of 2024, and prosper into 2025, experts said. Speaking at the Việt Nam Real Estate Summit 2023 held by Batdongsan.com.vn in HCM City last week, Nguyễn Quốc Anh, deputy general director of the property listing platform, said the Vietnamese real estate market in 2023 has been experiencing positive changes and mirroring a previous cycle. He predicted that the real estate market will show signs of a turnaround from Q2 to Q4 next year, with liquidity coming from apartment products meeting real housing needs. At that time, the market will continue to enjoy good growth in terms of liquidity and prices, and many real estate products will appear, he added. At the beginning of November, senior government officials held high profile meetings with major Vietnamese developers to address issues that are impeding real estate development.
Source:Viet Nam News
December 18, 2023 17:40 UTC
Vietnam expects strong wave of Chinese investment
In October, Quang Ninh province granted an investment registration certificate for the Jinko Solar Hai Ha Vietnam photovoltaic cell project capitalised at 1.5 billion USD. Goertek poured 280 million USD into a new project while expanding an existing one in Bac Ninh province. To date, Chinese investors have injected over 27 billion USD in 4,161 projects across Vietnam, placing 6th out of 143 countries and territories investing in the country.According to the MPI, investment capital flows from China to Vietnam have changed significantly in recent years in a variety of areas. In addition to restaurants, hotels, and consumer goods, Chinese investors have expanded into electricity, electronics, tire production, textiles, and footwear. This has made an important contribution to developing the country's supporting industries.Most notably, in October, the northern province of Quang Ninh granted an investment registration certificate to the Jinko Solar Hai Ha Vietnam photovoltaic cell project capitalised at 1.5 billion USD.
Source:Viet Nam News
December 18, 2023 14:51 UTC
Việt Nam accelerating efforts to mitigate plastic pollution through NPAP operation
Nguyễn HằngHÀ NỘI — Việt Nam is accelerating efforts to mitigate plastic pollution and waste through the operation of the Việt Nam National Plastic Action Partnership – a programme to connect key actors, initiatives and investments in order to mobilise resources to shape a more sustainable plastic circular economy for the country as well as contributing to solving global plastic pollution. According to the letter, the Global Plastic Action Partnership, the World Economic Forum and the ministry coordinated to establish the National Plastic Action Partnership (NPAP) in Việt Nam in 2020. These collective efforts would serve as the driving force propelling Việt Nam towards a future unencumbered by the detrimental impacts of plastic pollution in the coming years. UNDP’s experience showed that the informal sector, particularly women waste collectors, plays a vital role in collecting, sorting and recycling plastic waste. The objective of the task force is to mitigate plastic waste and plastic pollution by promoting gender and inclusivity interventions that take into account the roles of women and men and different social groups in supporting plastic waste collection, segregation and recycling.
Source:Viet Nam News
December 18, 2023 13:04 UTC
Thai festival keeps ethnic traditions alive
Dances and performances at the Then Kin Pang festival are attractive and fun, such as the “Tang Bang” dance, which calls for rain to water the world and make homes full of lush plants. (Photo: Tin tuc newspaper)
Source:Viet Nam News
December 18, 2023 12:56 UTC
VIETNAM NEWS HEADLINES DECEMBER 18/2023
The two sides agreed to develop their relationship in a practical and effective manner, commensurate with the stature of the comprehensive strategic partnership, thus bringing practical benefits to their people. Fukuda said Japan considers promoting cooperation with Asian countries, including Vietnam, especially in human resources, a priority in its external relations, and wants to continue collaborating with Vietnam and receive more labour from Vietnam. He asked Fukuda to continue support the Vietnam-Japan comprehensive strategic partnership, and invited him to visit Vietnam again. The year 2023 is viewed as a memorable milestone in Vietnam - US relations when both nations celebrate 10 years of establishing their comprehensive partnership and upgrading the relationship to a comprehensive strategic partnership. This is both a result and a concrete implementation of the comprehensive strategic partnership between the two countries, he added.
Source:Viet Nam News
December 18, 2023 11:08 UTC
Joint peacekeeping exercise enhances Vietnam-India defence cooperation
The VINBAX 2023 is taking place in Hanoi. (Photo: VNA)– The fourth joint peacekeeping exercise between Vietnam and India - VINBAX 2023 which is taking place from December 11-21 in Hanoi, has contributed to fostering the friendship and sound defence cooperation under the comprehensive strategic partnership between the two countries.The field exercise involves engineering and military medical forces, aiming to enhance the coordination capacity of the forces while performing UN peacekeeping activities.The forces will coordinate to handle simulated circumstances, including aero-medical evacuation situations.On December 18, high-ranking defence delegations of Vietnam and India watched some activities of the exercise at the site.Colonel Pham Manh Thang, Director of the Vietnam Department of Peacekeeping Operations (VDPO) and deputy head of the exercise steering committee thanked the Indian Ambassador to Vietnam, the Defence Attaché and the UN peacekeeping force of India for supporting Vietnam during the country’s participation in UN peacekeeping operations and close coordinating with the Vietnamese side in organising the VINBAX 2023.After nearly 10 years of joining UN peacekeeping operations, Vietnam has sent 786 officers to perform duties at UN missions . Over the years, Vietnam has received effective support from international partners, including India , one of the countries sending the highest number of officers to UN peacekeeping missions./.
Source:Viet Nam News
December 18, 2023 09:04 UTC
Aviation stocks get a boost as VN - China cooperation strengthens
HÀ NỘI — After struggling due to the pandemic and its lingering effects, aviation stocks are expected to have excellent prospects in the near future thanks to Việt Nam’s promotion of cooperation with China. As a result, most of the aviation stocks have experienced sharp declines, with many still not recovering to the price levels seen at the beginning of August. In the market, aviation stocks reacted positively to the headline. For China, in 2021, the total number of visitors to Việt Nam was the lowest in 10 years, at around 57,000. Xuân sees the potential for aviation stocks to recover as quite large, but the recovery time may be slower than in other industries.
Source:Viet Nam News
December 18, 2023 07:14 UTC
Vietnam joins Singapore ceremony marking International Migrants Day
Society First Arabic-Vietnamese dictionary debuts The first Arabic-Vietnamese dictionary made its debut at an event to mark World Arabic Language Day (December 18) held by the Saudi Arabian Embassy in Vietnam in Hanoi on December 17. Society Google Doodle honours World Natural Heritage of Ha Long Bay The Vietnamese homepage of tech giant Google on December 17 featured a doodle of Ha Long Bay to mark the 29th anniversary of the United Nations Educational, Scientific and Cultural Organisation (UNESCO)'s recognition of the bay as a World Heritage Site. Society PM orders measures to ensure warm, safe Lunar Festival for all Prime Minister Pham Minh Chinh has signed to issue a directive asking ministries, sectors and localities to roll out measures to ensure that all people enjoy a warm, healthy, safe and economical Lunar New Year Festival (Tet), the biggest festival of Vietnamese people in a year, which will be celebrated in mid-February this year.
Source:Viet Nam News
December 18, 2023 04:59 UTC
Market to continue decline despite recovery efforts, signals indicate short-term risks
The market has gone through three sessions of decline and is approaching the support zone of 1,100 points, retesting the Gain Gap zone of 1,102 - 1,108 points. It is expected that this area will temporarily help the market slow down the decline and have a recovery response to recheck supply. However, recent reversal signals pose short-term risks, and the range of 1,110 - 1,115 points is now acting as a resistance area. Furthermore, favourable interest rate policies are playing a significant role in supporting stock market valuations in 2024. With these promising factors in mind, the Vietnamese stock market stands at a pivotal moment, poised to transition into an emerging market.
Source:Viet Nam News
December 18, 2023 04:31 UTC
National programme helps reduce poverty
After three years of implementation, the lives of people in ethnic minority and mountainous areas are gradually changing positively. In addition, the programme has introduced measures to support the development of production and livelihoods, creating motivation for mountainous and ethnic people. Determining this as a "driving force" for comprehensive development of ethnic minority and mountainous areas, government and relevant sectors have simultaneously implemented the programme in all localities and achieved encouraging achievements. The poverty reduction work has achieved positive results with the average reduction rate of over 4 per cent per year. This year, the province aims to reduce the household poverty rate by 3.5 per cent and the rate of near-poor households 1.22 per cent compared to 2022.
Source:Viet Nam News
December 18, 2023 02:08 UTC
VIETNAM NEWS HEADLINES DECEMBER 17/2023
15/NQ-TW, outlining directions and tasks for Hà Nội Capital's development until 2030, with a vision extending to 2045. The Hà Nội People's Committee held a scientific conference earlier this week, addressing the issue under the theme "Improving and Enhancing the Satisfaction of People and Organisations with the Services of Agencies and Units in Hà Nội City." Based on the outcomes above, Huyền suggested that Hà Nội should pinpoint weak areas and notable declines during the 2021-2022 period. Hà Nội gains positive economic growth and recoveryThe economy of Hà Nội has maintained positive growth and recovery this year, despite the many difficulties and challenges in the political and economic situation in the world and the country. Both suspects live in Son La, a northern mountainous province of Vietnam that borders two Lao provinces of Huaphanh and Luang Prabang.
Source:Viet Nam News
December 17, 2023 16:04 UTC