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Sydney-based commercial finance provider Acuity Funding and Tin Thanh Group on Monday concluded a deal in which the former would provide US$6.4 billion for the latter's green projects in Vietnam and the U.S.. As per the deal, Acuity Funding will pour $1 billion into four biomass power plants and thousands of hectares of grain cultivation in the central and southern regions of Vietnam. These facilities will be located in Da Nang City, Kon Tum Province, and An Giang Province, with a total capacity of 165MW. Acuity Funding also pledged some $1.7 billion for the Vietnamese firm’s project to build a truck service and retreading factory in South Carolina, the United States. The facility will serve over one million trucks in the U.S. to reduce gas emissions, save costs, and advance green energy transition. The land for the project in South Carolina was already handed over to Tin Thanh Group. Acuity Funding will also provide $3.7 billion for the group to develop a green hydrogen … [Read more...] about Vietnamese firm secures massive funding for green projects from Australian finance provider

The “big piece of cake” is available There are about 2.1 billion Muslims globally. The yearly amount of money they spend is estimated at about USD 10 trillion. Most of Muslim tourists to the province come from the Middle East, India, Pakistan, Malaysia, Singapore, and Indonesia with stable and strong financial resources and willingness to pay. According to experts, Islamic tourism, also known as Halal tourism is shifting to Southeast Asian countries, including Vietnam. However, according to Ms. Tran Nu Ngoc Anh, an E.U. project expert, CEO of Dong A Hotel Group Joint Stock Company, to tap Islamic tourism, it requires tourist destinations, accommodation facilities, restaurants to have separate reception space and other facilities that meet their dietary needs, strict religious living habits, respect for different religious rituals, and separate reception times to avoid overlapping with reception times for other guests. Therefore, it needs the synchronicity and accuracy in … [Read more...] about Quang Ninh seeks ways to attract Muslim tourists

Vinh Long’s pottery village along Co Chien river (Photo: VNA) Vinh Long (VNA) – The southern province of Vinh Long is located between the two big branches of the Mekong River - Tien Giang and Hau Giang. For thousands of years, under the alluvial layer of the two rivers, deposits of rare and precious clay have been formed. They clay is the raw material to make red ceramic products, which Vinh Long is famous for. The pottery village along Co Chien river is known as the kingdom of red ceramics with more than 1,000 mushroom-shaped pottery kilns, some of them are up to 12 metres high. At first glance, the village looks like an ancient city with red castles under the sun. The village has become a popular destination for tourists. Red clay is only found in Vinh Long, mostly in its two districts of Long Ho and Mang Thit. More than a century ago, Vinh Long people began to exploit clay mines on the banks of the Co Chien River to make brick, and from then the largest brick and … [Read more...] about Vinh Long’s pottery village – kingdom of red ceramics

Lt. Gen. Nguyen Van Vien, Director of the Police Department for Drug Related Crime Investigation, speaks at the conference on September 26. (Photo: baochinhphu.vn) Khanh Hoa (VNA) – The first Vietnam - Australia conference on cooperation in drug prevention and control took place in Nha Trang city, the central province of Khanh Hoa, on September 26. Lieutenant General Nguyen Van Vien, Director of the Police Department for Drug Related Crime Investigation (C04) under the Vietnamese Ministry of Public Security, and Deputy Commissioner of the Australian Federal Police (AFP) Lesa Gale co-chaired the event. Vien said Vietnam is facing great pressure from the trafficking of drugs from the Golden Triangle. Besides, amid international integration and globalisation, drug related crimes in other regions in the world have also had certain impacts on Vietnam, making the drug crime situation more complicated. This fact requires closer and more effective coordination among … [Read more...] about Vietnam, Australia enhance cooperation in drug combat

Participants also focused on methods aimed at restructuring major segments of the tourism industry in Khanh Hoa province, ways of reopening international air routes next year, attracting additional international tourists to the locality based through digital platforms, and the application of information technological achievements. Representing the Vietnam National Administration of Tourism, Nguyen Quoc Hung said the COVID-19 epidemic has had an adverse impact on the local tourism industry, with the number of international visitors to the country during the first half of the year falling to 3.6 million, a decline of 55% in comparison to the same period last year. As a result of this steep fall in visitor numbers, tourism revenue also suffered a drop of 73% to only over VND10,000 billion. According to statistics compiled by the provincial Department of Tourism, the province welcomed approximately 986,000 visitors, including roughly 426,000 foreign tourists, during the eight-month … [Read more...] about Leading industry figures seeks to restore international tourism market

“After seeing generally mixed performances by a trio of newly public companies this month, VNG was advised to hold off until market demand improves,” an inside source disclosed to Bloomberg . While VNG remained reticent on the matter, the strategic pause mirrors a broader caution in the tech IPO space. Notably, both Arm Holdings Plc, the SoftBank Corporation affiliate, and delivery service Instacart experienced their stocks trading beneath their IPO valuations. VNG, which debuted as Vinagame in 2004, has transitioned from its initial gaming focus to become a diversified digital powerhouse in Vietnam, offering an array of services from video streaming and news portals to mobile payments. The company has contemplated a US listing since 2017. Before this revision in plans, the gaming and communications conglomerate had intimated an intention to offload approximately 22 million shares in its proposed IPO, though pricing details remained under wraps. In 2021, VNG was contemplating … [Read more...] about VNG delays US IPO amid subdued market appetite

According to the latest report of UOB, after starting off the year at a sluggish pace, with real GDP growth in Q1 decelerating to 3.28 per cent on-year, from 5.92 per cent in the previous quarter, growth momentum in Vietnam remained lethargic, largely due to weak external demand coupled with an underperforming manufacturing sector. As a result, economic growth in Q2 expanded just 4.14 per cent on-year, for a cumulative growth rate of 3.72 per cent on-year in H1, well below the official growth target of 6.5 per cent. In terms of sectoral performance, manufacturing (including construction), which accounts for about 34 per cent share of the economy, managed to gain about 1.1 per cent on-year in Q2 with a positive contribution in H1. Meanwhile, the services sector (43 per cent share) managed to cushion some of the weaknesses from the external sector, rising 6.1 per cent on-year in Q2 following the 6.6 per cent on-year run in Q1. The services sector contributed 2.7 percentage points, … [Read more...] about Soft momentum likely for Q3: UOB

At the press conference (Photo: VNA) Hanoi (VNA) – The Vietnam Craft Villages Festival 2023 will take place in Hanoi from October to November to preserve and promote the values of traditional craft villages, the organising board said at a press conference on September 26. The event will be co-organised by the Department of Cooperatives and Rural Development under the Ministry of Agriculture and Rural Development (MARD), and the Hanoi Department of Agriculture and Rural Development. A wide range of activities are on schedule, including a ceremony to honour excellent craftsmen, an opening ceremony, an art programme, an international exhibition introducing craft products and those under the One Commune One Product (OCOP) programme, and an international workshop on preservation and development of craft villages. Thang Long Imperial Citadel will host major events on November 9-12. Particularly, the MARD will organise a Vietnamese handicraft product contest to encourage … [Read more...] about Festival preserves values of Vietnamese craft villages

An ornamental craft village tourist site in Hong Van commune,  Thuong Tin district, Hanoi (Photo: https://hanoimoi.vn/) Hanoi (VNA) – With its great potential for ecological agriculture and tourism, especially in riverbank area s, Hanoi has paid attention to developing riverside agri-tourism models. In Vietnam's tourism development strategy , ecotourism associated with agriculture and rural areas is one of the five key products. Visiting fruit and flower gardens, and agricultural farms, taking time to check in there, enjoying local specialties, and listening to historical stories at relic sites are activities visitors can experience at Hong Van commune, Thuong Tin district. Hong Van commune's ornamental craft village tourist site is one of the two OCOP (One commune, One Product) products of Hanoi. Located along the Hong (Red) River, in recent years, Hong Van commune has become an eco-tourism and agri-tourism attraction in the capital city. According to … [Read more...] about Hanoi moves to tap riverside agri-tourism potential

Vong Village's green rice flakes or egg coffee are among snacks that make autumn in Hanoi even more unforgettable for its dwellers. Hanoi in Autumn is known for its poetic beauty and unique culinary specialties, such as ripe dragon plums or dried beef salad. Here are some typical dishes to help readers explore the capital's most enchanting season. Vong Village’s Com The best green sticky rice in Vietnam is said to come from Vong Village in Hanoi. Photo: Com Vong Ha Noi Autumn in Hanoi is associated with com , or green rice flakes, which seems to have become a hallmark of Hanoi cuisine. Com is made from young glutinous rice grains that are carefully selected, roasted, and winnowed to remove all the husks. Vong Village in Dich Vong Hau Ward , Cau Giay District, is the cradle of Hanoi Com . Over time, Hanoi dwellers have come up with tasty variations on the rustic original: Com sweet dessert soup, fried com , roasted com , sticky … [Read more...] about Typical Hanoian autumn snacks