Trending towards green industrial parks for capital attraction
HÀ NỘI — Traditional industrial zones are gradually losing their competitive edge and being replaced by industrial zones that prioritise green and sustainable elements, making them more appealing to investors, said experts. The development of green industrial zones involves participating in cleaner production practices and minimising negative environmental impacts, with the aim of achieving zero carbon emissions by 2050. Building green industrial zones to attract investment in the green industry is a prevailing global trend. With 403 operational industrial zones, promoting the development of eco-industrial zones will mobilise significant resources from the private sector to implement green industrial solutions, ensure energy security, and make a substantial contribution to Việt Nam’s climate change mitigation efforts. The simultaneous focus on constructing new eco-industrial zones and transforming traditional industrial zones into eco-industrial zones is evident.
Source:Viet Nam News
February 11, 2024 12:12 UTC
Risk or safe haven: pick your investments wisely
“Despite the cuts, the real interest rate still remains positive. Not to mention, it is a safe investment channel and a widely used means of payment for everyone,” Hiếu said. Real estate to recover in H2The real estate market is also an appealing investment channel for many investors. New investment channelsNon-traditional alternative investment channels like digital currencies and investment apps have been growing popular in the last few years. This serves as a warning to everyone engaging with such apps and investing through unofficial channels,” Hiếu added.
Source:Viet Nam News
February 11, 2024 07:34 UTC
Agricultural products benefit from deep processing
Deputy Minister of Agriculture and Rural Development (MARD), Phùng Đức Tiến, underscored the need for the coffee sector to invest in deep processing to increase the added value of Vietnamese coffee. This strategic move was seen as crucial to realising the ambitious target of a $6 billion export value in the coming years. This necessitated substantial investments in deep processing plants and the continuous adoption of cutting-edge processing technologies. The seafood export sector also recognised the importance of deep processing to enhance competitiveness, said industry insiders. As the Southeast Asian country aims for higher export values and sets new records in trade volume for key agricultural products in 2024, industry experts and insiders have called for greater commitment to deep processing.
Source:Viet Nam News
February 11, 2024 07:12 UTC
VIETNAM NEWS HEADLINES FEBRUARY 11/2024
Vietnamese students at the Pushkin State Russian Language Institute in Moscow have held an event to celebrate the Vietnamese Tet festival. International students eager for Vietnam's traditional Lunar New Year festivalInternational students are eager for the celebration of Vietnam's traditional Lunar New Year festival. Therefore, he really likes the Vietnamese traditional Tet holiday, with many unique traditional cultural features similar to Tet in his own country. Some four railway projects that the WB is paying attention to include the eastern belt railway project in Hanoi, the Bien Hoa - Vung Tau railway project, the Ho Chi Minh City - Can Tho railway project, and the railway traffic safety project. Currently, the Vietnam Railway Project Management Board is planning the progress and specific implementation time of each project.
Source:Viet Nam News
February 11, 2024 04:26 UTC
Local consumption to regain spotlight: bank
HCM CITY — While Government expenditure was the main driver for the economy in 2023, local consumption will regain the spotlight in 2024, experts predicted. In a strategy report for 2024, Maybank Investment Bank forecasts steady economic recovery throughout 2024 with consumption regaining the spotlight thanks to a re-strengthening of exports, heathier household balance sheets and gradual revival of the real estate sector. “We forecast corporate earnings to grow 19.8 per cent year-on-year in fiscal year 2024 from a 3.4 per cent year-on-year drop in fiscal year 2023. Given recovery in the economy and the broader stock market, Maybank is bullish on cyclical sectors, especially consumption-related ones. “Under our base-case scenario, we like companies that can deliver solid and/or outstanding earnings growth.
Source:Viet Nam News
February 10, 2024 15:28 UTC
Vietnam works to cement ties with Peru
Ambassador Bui Van Nghi (R) presents his credentials to Peruvian President Dina Boluarte on February 8. Expressing his honour to be the Vietnamese Ambassador to Peru, Nghi affirmed he will do his utmost to continue developing the bilateral ties between the two countries. After 10 years of operating in Peru, Bitel has accounted for 19% of the market share in the South American country. Besides providing telecommunications services, Bitel has also diversified products such as providing e-wallet services (Bipay), free OTT TV (TV360), electronic lottery (Tusami), and customer retention, especially in remote areas where travel is difficult. Bitel is committed to providing free internet services to more than 4,000 schools in Peru and universalising telecommunications services.
Source:Viet Nam News
February 10, 2024 11:38 UTC
Vietnam’s coffee export value doubles in January
With the current upward trend, domestic coffee prices are likely to exceed 80,000 VND per kg soon. A surge in domestic coffee prices was attributed to the fact that traders actively purchased coffee before the Lunar New Year (Tet) holiday while exporters were afraid of supply shortages like last year so they tended to buy more. The coffee output of the 2023-2034 crop in Dak Lak province is forecast to reach 580,000 tonnes, thus the coffee export volume is estimated at 330,000 tonnes. If prices stay as high as they are now and fluctuate slightly in the near future, the province's coffee export turnover could hit 900 million USD. According to the Vietnam Coffee-Cocoa Association (Vicofa), Vietnam’s coffee production in the 2023-2024 crop will be 1.6-1.7 million tonnes, lower than 1.78 million tonnes in 2022-2023./.
Source:Viet Nam News
February 10, 2024 11:38 UTC
Việt Nam's Dragon ambitions in the Year of the Dragon
As we find ourselves in the early days of 2024, the Year of the Dragon, and Việt Nam, aspiring to transform like a dragon, stands before significant opportunities to achieve its ambitious goals. Being a highly open country, Việt Nam's policies must be extremely flexible. In addition to efforts to catch up with larger countries, Việt Nam has the chance to align with them in the digital and green transformation. So, what does Việt Nam need to do to realise its dragon-like aspirations? Fundamentally, Việt Nam has no choice but to continue the renovation process.
Source:Viet Nam News
February 10, 2024 08:36 UTC
Ceramic sculptures depicting 2024 Lunar New Year mascot on display
The “Dance of a Hundred Dragons” collection symbolises completeness and abundance and is closely associated with the folk proverb “One hundred eggs hatch one hundred offspring”, or the saying “Hundreds of families, hundreds of lineages”. The dragons in the collection bear the appearance of those from the Le Dynasty (1428-1788). Inheriting and reviving the ceramic tradition from the Mạc Dynasty (1527-1627), Tuyen has developed a distinctive artistic style, a form of craftsmanship focused on sculpture and moulding. Born under the dragon zodiac, Tuyen’s creations all feature dragon creatures. Each ceramic piece is the perfect combination of earth, water, and fire, and the heartfelt effort of the artist, transforming gentle earth into lively dragon creatures full of vitality, embodying the breath and soul of the Vietnamese nation./.
Source:Viet Nam News
February 10, 2024 08:04 UTC
VIETNAM NEWS HEADLINES FEBRUARY 10/2024
She spoke highly of close and effective cooperation between Vietnam and UNESCO in all fields, considering it a typical model of cooperation, and propose boosting cooperation with Vietnam in other promising fields such as climate, water, ocean science, artificial intelligence, and others. She affirmed that she will do her best to deepen Vietnam - UNESCO ooperation, thereby contributing to realising the UNESCO's goals and promoting socio-economic development of localities as well as Vietnam. After 1975, with her stronger love for Vietnam, Ratner campaigned for the normalisation of the Vietnam - US relations and supported many international activities of Vietnam. Ratner was a co-founder and coordinator of the Vietnam Agent Orange Relief & Responsibility Campaign (VAORRC) in the New York region. Trong also hailed cooperation and support of international organisations and friends for national construction and defence in Vietnam.
Source:Viet Nam News
February 10, 2024 04:20 UTC
State President Võ Văn Thưởng sends New Year wishes to Vietnamese people, foreign friends
HÀ NỘI — State President Võ Văn Thưởng extended his best wishes to Vietnamese people and foreign friends, as the lunar New Year – the Year of the Dragon - has just arrived. “Dear compatriots, comrades and soldiers! I would also like to extend to our friends on the five continents and peoples in the world the wish for peace, cooperation, friendship, and sustainable development! Spring ushers in numerous dreams, desires and the finest, warmest, and most lively starts. May compatriots, comrades, every family, and every people of Việt Nam enjoy good health, peace, successes, and happiness!
Source:Viet Nam News
February 09, 2024 23:32 UTC
Vietnamese Tet in ancient village
The space of a traditional Tet market evoked emotions in Ms. Pham Thi Lan about her childhood days following her mother to the market. For the young, this Tet market space brings different and unfamiliar feelings. At the “Vietnamese Village Tet” space, visitors also have the opportunity to learn about the unique cultural aspects of a traditional Tet, such as the art of making Dong Ho folk paintings, modelling “to he” (traditional toy figurines), and playing various folk games. The event not only contributes to promoting Vietnam’s traditional cultural values and unique cuisine among international friends but also serves to preserve these traditions for future generations. It expects that “ Vietnam ese Village Tet” will become an annual event and a highlight in local tourism development, contributing to the preservation and promotion of Vietnam’s traditional cultural values./.
Source:Viet Nam News
February 09, 2024 17:02 UTC
Việt Nam-Australia bilateral trade down 12% in 2023
HÀ NỘI The Vietnamese Trade Office in Australia reported that bilateral trade between Việt Nam and Australia decreased by 12 per cent in 2023 from the previous year. Trade amounts totalled US$13.75 billion, with Việt Nam shipping $5.22 billion worth of exports and importing $8.53 billion worth of goods from Australia. This rebound holds promising signs for the coming year, said the trade office. Looking ahead, the trade office remarked it had a positive outlook for bilateral relations with Australia. According to the trade office, the Australian government has outlined four priority areas for cooperation with Việt Nam: agriculture and food, clean energy, mineral resources, and education and training.
Source:Viet Nam News
February 09, 2024 14:18 UTC
Wenchang, Hainan Takes Flight as the Visionary "City of the Future" Igniting a Thriving Aerospace Industry
Tourists watch a rocket launch at Qishui Bay, Longlou Town, Wenchang. B&Bs along the coast of Qishui Bay, Longlou Town, Wenchang, where people can watch a rocket launch on the balcony of their accommodation or on the beach. Facilities such as seaside B&Bs and local featured farmhouses have been built in response to the trend, and an aerospace tourism town is now taking shape. The "Wenchang Rocket Chasing Tour" has become the company's best product. Over 9,000 jobs have been created, and the aerospace tourism industry has achieved an increase in annual income of 15 percent.
Source:Viet Nam News
February 09, 2024 14:12 UTC
Bright prospect for Việt Nam, China to further elevate relations: Chinese Ambassador
China and Việt Nam should intensify cooperation and contribute their efforts to addressing common challenges facing the international community. For the construction of other railway lines in Việt Nam, China is also willing to actively cooperate and provide support in line with Việt Nam's demands. Furthermore, we are ready to strengthen cooperation with Việt Nam in the field of new energy vehicle (NEV), and assist Việt Nam in releasing its net-zero emissions goal by 2050. Mutual understanding and cultural exchanges between the two peoples form an indispensable foundation for the development of China-Việt Nam relations. The Lunar New Year is a common traditional festival for the people of China and Việt Nam.
Source:Viet Nam News
February 09, 2024 13:08 UTC