The Ho Chi Minh City Stock Exchange (HOSE) hosted a gong-beating ceremony on January 31, marking the first trading session of the Vietnamese stock market in Spring 2023. In her opening speech, Vu Thi Chan Phuong, chairwoman of the State Securities Commission (SSC), emphasised that 2022 marked a challenging year for the Vietnamese economy due to a range of internal and external factors. However, the national economy was able to record a series of impressive results, with GDP growth rate increasing by 8.02% and inflation kept in check, she said. Moving into 2023, she said the global economic and political landscape is anticipated to record plenty of complicated and unpredictable developments, and in such a context the securities sector will continue to fine-tune the legal framework and formulate policies in line with the actual development of the stock market. Phuong underlined the necessity of accelerating restructuring and swiftly putting the stock trading system … [Read more...] about First Spring 2023 trading session of stock market opens
Apple stock 52 week high and low
Demand for housing in Hanoi forecast to rise in 2023
Despite the high demand for housing, the transaction volume stays low due to the high prices compared to people’s average income. The scarce supply of new projects remains a key factor keeping demand for housing high in Hanoi’s real estate market in 2023. Locals looking at a real estate project in Hanoi. Photo: Pham Hung/The Hanoi Times During the last months of 2022, transactions in the real estate market stayed in stark contrast to the previous boom period. Experts suggested that this was due to several laws regulating the market not being completed, coupled with a sharp decline in liquidity as a result of the government's direction to restrict credit flows in high-risk fields and tighter regulations on corporate bond issuance. The sharp drop in transaction volume and supply, coupled with the high demand for housing, means that prices continue to rise. Data from the Vietnam Association of Realtors (VARS) showed in the fourth quarter of 2022, Hanoi has … [Read more...] about Demand for housing in Hanoi forecast to rise in 2023
Hanoi ranked 5th among safest cities in Southeast Asia
Hanoi’s safety index is 62 on scale of 100 points. Statistics site Numbeo recently ranked Hanoi and Ho Chi Minh City (HCMC) fifth and 14th in the safety index among 20 cities in Southeast Asia, respectively. According to Numbeo's latest report, Hanoi's safety index is 62. The safety index of the southern Vietnamese metropolis was 47.4 points, as, according to the site, walking alone at night in HCMC "has a low level of safety". Numbeo is the world's largest database of user-contributed data on cities and countries around the world. It specializes in assessing the quality of life in the world's cities, including their safety rankings. The site calls itself the world's largest database on housing, crime, healthcare, traffic and cost of living in hundreds of cities. Foreign tourists on Hanoi’s street. Photo: Ho Ha/The Hanoi Times Numbeo defined safety as "safety walking alone in daylight" and "safety walking alone at night". It measured the level of … [Read more...] about Hanoi ranked 5th among safest cities in Southeast Asia
Vietnam Airlines Group serves 2.4 million passengers during Tet holiday
The group offered services to nearly 80,000 passengers on nearly 500 flights on January 18. Later on January 29, it recorded around 93,000 passengers with around 550 flights. Compared to the same period three years ago, the number of passengers served by Vietnam Airlines increased by some 20%. Though the number of flights increased, Vietnam Airlines’ on-time performance (OTP) remained high, at about 90%. To ensure good services during the holiday, the group took a number of solutions, from making the most of wide-body aircraft, increasing night flights to enhancing ground staff and promoting online check-ins. Between now and February 5, the group suggested passengers check in online, arrive at the airport two hours before departure for domestic flights and three hours for international flights. Source: VNA … [Read more...] about Vietnam Airlines Group serves 2.4 million passengers during Tet holiday
Aid presented to teachers of Lao-Vietnamese bilingual school
The sum was sourced from the Ho Chi Minh City chapter of the Vietnam Fatherland Front’s Fund for the Poor. At the event, representatives from the Vietnamese Embassy and the Vietnamese People Association in Vientiane presented 70 gifts, each worth USD 360, to teachers there. Speaking at the event, Rector of the school Sivanhhuong Phengkhammai hailed the activity as a source of encouragement for teachers to fulfil goals set for 2022-2023 academic year as well as a manifestation of the Vietnamese party, state and government’s support for education in Laos. Located in Dong Paleb village, Chanthabouly district of Vientiane, the school was built in 2005. Managed by the Vietnamese People Association in Vientiane under the direction of the Vietnamese Embassy in Laos, the school is now home to over 1,000 students, including those from pre-school through high school levels with curricula built by the Lao Ministry of Education and Sports. Source: VNA … [Read more...] about Aid presented to teachers of Lao-Vietnamese bilingual school
Science, technology, innovation to contribute over 50% to agricultural growth by 2030
Illustrative image (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) is striving to increase the proportion of science , technology and innovation ’s contributions to the sector’s growth by over 50% by 2030 through research, transfer and application activities. The number of businesses engaged in innovation will account for 60% of the total working in the sector by 2025, and 85% by 2030. The sector will support the construction and development of at least 200 hi-tech agricultural enterprises nationwide, and 50-100 high-tech agricultural zones in the agro-ecological ones. BBFarm agricultural cooperative in Song Long commune, Son Hoa district, Phu Yen province (Photo: VNA) More efforts will be made to turn science, technology and innovation into a breakthrough to strongly develop Vietnam's agricultural economy; transform to a green and environmentally sustainable growth model; and improve productivity, quality, efficiency and … [Read more...] about Science, technology, innovation to contribute over 50% to agricultural growth by 2030
Majority back to work after Tet in Southern industrial hubs
The Ho Chi Minh City Department of Labor, Invalids and Social Affairs noted about 95% of employees in local agencies, factories, and businesses had been back to work as of January 30. Among the over 1,300 companies surveyed by the department, more than 42% of those allowing their workers to return to their hometowns for Tet from January 18 - 19 (the 27th and 28th days of the last lunar month) have resumed operations. Director of the department Le Van Thinh said despite many difficulties leading to lay-offs in late 2022, the situation has improved as many businesses and factories have received new orders. A number of companies have launched various incentives and better treatment policies to keep employees. Resignations after Tet have declined as most workers want to have stable jobs, especially amid numerous difficulties facing the economy and daily lives, he noted. As of the end of 2022, Ho Chi Minh City was home to more than 286,000 enterprises and 460,000 individual … [Read more...] about Majority back to work after Tet in Southern industrial hubs
Hanoi to host 3rd Int’l Experimental Theater Festival next month
Around 60 plays by artists from over 20 countries have registered to take part in the 3 rd International Experimental Theater Festival, which will be held from November 12-19 in Hanoi. Among the entries, 23 plays by artists from China, Japan, the Republic of Korea (RoK), Singapore, Hungary, Germany, France and Vietnam, among others have been selected to perform at the festival, which is co-organized by the Vietnam Stage Artists Association and the Performing Art Bureau (under Ministry of Culture, Sport and Tourism). The event provides an opportunity for domestic and international artists to exchange experiences and raise the level of expertise and artistic quality, said Meritorious Artist Le Chuc, Deputy Chairman of the Vietnam Stage Artists Association at a press conference on October 25 in Hanoi. Meritorious Artist Le Chuc, Deputy Chairman of the Vietnam Stage Artists Association, speaking at the press conference on October 23. Photo: sankhau.com.vn It … [Read more...] about Hanoi to host 3rd Int’l Experimental Theater Festival next month
Ho Chi Minh City food enterprises hope expansion is key
In 2022, Ho Chi Minh City's industrial food production recorded a significant increase of 30.5 per cent on-year. However, the industry is facing many fresh challenges this year due to fluctuations in the global economy affecting export markets and a slowdown in economic growth. Phan Van Co, marketing director of Vrice Group, said, "Since the beginning of the year, the cost of materials for rice production has increased considerably, by 3-5 per cent. While the price of rice has increased in many countries around the world, it has not increased as it has in the Vietnamese market, making it difficult for Vietnamese rice exporters to compete." In 2023, industry and trade in Ho Chi Minh City will strive for an increase in the index of industrial production of 7.5 per cent; growth in the total retail sales of social consumer goods of 12 per cent; and a 10 per cent jump in exports, excluding crude oil, through the city's port. The targets were set while taking such difficulties as the … [Read more...] about Ho Chi Minh City food enterprises hope expansion is key
☕ Afternoon briefing on January 31
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Vietnam pledges to actively participate in and contribute to the building of the Global Digital Compact (GDC) to promote the implementation of the United Nations’ 2030 Agenda, a Vietnamese representative told the first Informal Consultations on GDC in New York on January 30. The building of the compact is necessary to promote a safer, fairer and more developed digital world for all. Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN, said at the event. Read full story - Vietnam will participate in ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations”, and the Travel Exchange (TRAVEX) trade fair in Yogyakarta, Indonesia from February 2 – 5, according to the Vietnam National Administration of Tourism (VNAT). At the forum, Vietnam will introduce tourism development, mechanisms and policies, tourism products and … [Read more...] about ☕ Afternoon briefing on January 31