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Nordic countries, including Denmark, Finland, Norway, and Sweden, shared their experience in green solutions to a circular economy and waste management and policy implications for Vietnam at a seminar held in Ho Chi Minh City on Wednesday. The seminar was organized by the Embassies in Vietnam of Denmark, Finland, Norway, and Sweden and Fulbright University Vietnam to mark the occasion of Nordic Day 2023 (March 23). In his opening remarks at the seminar, Ambassador of Denmark to Vietnam Nicolai Prytz said with a long tradition of working together to find solutions to common challenges, the Nordic countries are proud to share their experience and knowledge with Vietnam. “We believe that sharing experience and best practices with our partners is essential to promoting sustainable development,” Prytz added. Meanwhile, Ambassador of Norway to Vietnam Hilde Solbakken highlighted the role of the private sector in promoting green innovation, saying, "In the Nordic region, we have seen … [Read more...] about Nordic countries share circular economy, waste management solutions with Vienam

A land plot for sale in Binh Duong Province. — VNA/VNS Photo Land plot prices in HCM City and neighbouring provinces such as Binh Duong, Dong Nai and Long An decreased by 10-25 per cent compared to early this year due to the central bank’s tight monetary policy for real estate lending. Many investors borrowed money to invest in property in previous years, hoping to make profits, but instead suffered losses as tightened credit drove up interest rates and hit liquidity. In 2021, Tran Van Nam from HCM City bought a land plot for VND5 billion (US$208,000) in the southern province of Dong Nai, hoping to resell it within a year for a profit of hundreds of millions of dong. But in late 2022, when bank interest rates went up, he had to sell it for a loss of over VND800 million. At that time, many brokers told him that land plot prices had kept increasing from 2016 to 2021 and it will keep increasing in coming years, and so he bought the land plot hoping for a profit. But he was … [Read more...] about Land prices in the southern provinces fall sharply

Production and sale of the steel industry depend heavily on the implementation of real estate, bridge and road projects. — VNA/VNS Photo The price of construction steel is on the rise despite the fact that the demand for this type of construction material remains weak, insiders have said. The selling price of steel in Ha Noi is VND18 million (US$761) per tonne, which is approaching its peak recorded in mid-2022. Nguyen Van Sua, a steel industry expert, said that this year the steel price may not reach its peak as in 2022, but it is on the rise because the actual demand is not high. Production and sale of the steel industry depend heavily on the implementation of real estate, bridge and road projects. However, these projects are at standstill, he said. Hoang Cuong, an iron and steel dealer on Tam Trinh Street, Ha Noi’s Hoang Mai District, said since the beginning of this year, steel prices have increased seven times, with a total increase of about VND1.2 million per tonne. … [Read more...] about Steel price rises despite falling demand

Southern durian prices have sharply halved compared to last month. Durian farmers in Tien Giang Province Many farmers in Tien Giang, Long An, Binh Phuoc, and Dong Nai have seen the prices plummet to between VND75,000-85,000 per kilo, down by 15-20 percent compared to last week and by 50 percent against last month's prices. A farmer in Long An, Nguyen Trung, said that he has just sold eight tonnes of durian at between VND70,000-80,000 per kilo depending on the sizes. "I decided to sell them all, fearing that the prices may continue to fall," she said. Mai Ha, another farmer in Tien Giang Province said that she has also sold all the fruits from her garden amid falling prices. "I'm afraid that the prices will continue to fall as the season matures and supply will be high," Ha said. A woman buys durian from a trader in Long An Province According to Van Hoa Investment and Development Company, more export orders were still … [Read more...] about Durian prices sharply fall

Gold ring price jumped 1.74% to VND56.15 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices surged more than 2% on Friday as a wave of banking crises shook global markets and put bullion on track for its biggest weekly rise in three years, while bets solidified for a less aggressive Federal Reserve in its fight against inflation, Reuters reported. Spot gold climbed 2.8% to $1,971.95 per ounce, highest since April 2022. Bullion has added about 5.6% this week, the most since March 2020. "Gold is surging on fears that more bad banking news could appear over the weekend and hopes that the Fed will pause its rate hikes next week," said Tai Wong, an independent metals trader based in New York. … [Read more...] about Gold prices surge to 5-week high

SYDNEY -- Asian shares struggled on Monday while U.S. and European stock futures edged higher on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels. Helping nerves were reports First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp. S&P 500 futures firmed 0.3% and Nasdaq futures 0.4%. EUROSTOXX 50 futures rallied 1.1% and FTSE futures 0.7%. Japan's Nikkei gained 0.4%, but South Korea lost 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan also eased 0.3%, led by a 0.9% drop in Chinese blue chips. Shares in Chinese search engine giant Baidu fell more than 3% after it cancelled a planned livestreamed product launch open to media and the public related to its ChatGPT-like Ernie bot. The mood remained jittery after shares in Deutsche Bank fell 8.5% on Friday and the cost of insuring its bonds … [Read more...] about Asia shares skittish, US and Europe futures edge higher

An investor watches share prices on a tablet. Shares rose a second day on both exchanges. — VNA/VNS Photo Shares climbed for a second day as good performace of global stock markets prior to the Fed’s announcement of a rate hike supported local investors’ psychology. The VN-Index on the Ho Chi Minh Stock Exchange increased by 0.79 per cent to close Wednesday at 1,040.54 points. It rose nearly 1 per cent in the previous session. The market breadth was positive with 203 stocks gaining, 170 losing while the other 128 closed flat. Although the trading was cautious, increasing liquidity in buying force at high prices led to an improvement in stock prices, especially in the banking and real estate industries. Nearly 459 million shares worth VND8.7 trillion (US$369 million) were traded, down 3 per cent in volume but up 4 per cent in value compared to Tuesday’s level. Property and banking stocks led the market growth with average growth of 1.5 per cent each, tracked by … [Read more...] about Shares gain for second day but caution persists

In the first two months this year Vietnam’s average rice price was over $519 per ton. Since August last year, it has exceeded Thai prices by $15-27 and prices from India by $40-50. Although Vietnamese export volumes dropped 20.9% year-on-year to $400,000 tons in January, prices rose 7% over the period. Last year rice exports from Vietnam reached a 10-year high of 7.1 million tons. The country plans to export 6.6 million tons of rice this year, with 4.12 million tons in total scheduled to be delivered by the end of the first six months. Favorable export conditions are expected to return this year thanks to a resumption in demand from Indonesia and Bangladesh. Buyers will increasingly turn to Vietnam for rice as India has banned the export of broken rice and put a 20% tax on white rice. But the Ministry of Industry and Trade is concerned that the lack of diversification in export markets and dependence on China and the Philippines (the latter being the largest buyer of … [Read more...] about Vietnam rice price on top of the world

Ian Paynton advises foreigners to be cheerful when visiting Vietnam, according to the The Insider website. Vietnam is emerging as one of Southeast Asia’s most popular tourist destinations for international travelers and experts. More than 100,000 foreign experts are living and working in Vietnam. Ian Paynton, a British native, resides in Hanoi. He first traveled to Vietnam in 2007, and three years later, he decided to leave London for the Southeast Asian country for resettlement. Paynton has told The Insider seven dos and don’ts of a Vietnam visit for foreign tourists. Here are seven travel tips: Do not go around town while wearing swimsuits According to Paynton, the beauty of Vietnam lies in elegance, so foreign visitors should not wear scanty swimwear while traveling to beaches, rivers or waterfalls. This is considered a taboo at temples and pagodas. In 2016, a foreign visitor was forced to leave a place of worship as the traveler wore shorts and a bra-styled shirt. … [Read more...] about Foreigner shares dos and don’ts of travel etiquette in Vietnam

The Nordic Embassies in Vietnam (Denmark, Finland, Norway, and Sweden), have co-operated with the Ho Chi Minh National Academy of Politics to share their experiences on green solutions for circular economy and waste management and policy implications for Vietnam at a seminar held on March 23 in Hanoi. The Nordic Embassies in Vietnam share their experiences on green solutions for circular economy and waste management and policy implications for Vietnam at a seminar held on March 23 in Hanoi. The event, which was held in honor of Nordic Day 2023, aims to provide insight into Nordic policies, initiatives, and innovation in green transition, which can be relevant and applicable to Vietnam in eliminating waste and pollution, circulating products, and regenerating nature. Organised for the fifth time, the event is attended by policymakers from central and local government agencies; representatives from chambers of commerce; business leaders, startups, innovators; … [Read more...] about Nordic countries share solutions for circular economy and waste management