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A street in Hanoi is flooded after heavy rains. (Photo: VNA) Hanoi (VNA) – Alongside urbanisation , flooding in cities of Vietnam, a country highly vulnerable to climate change, is getting complicated and needs concerted solutions, according to experts. There are more than 800 cities nationwide, including the two special municipalities of Hanoi and Ho Chi Minh City. Big and populous cities such as Hanoi, Ho Chi Minh City, Da Nang, and Vinh of Nghe An province have frequently suffered from heavy losses caused by downpours and flooding. Nguyen Van Tien, Deputy Director of the Vietnam Disaster Management Authority under the Ministry of Agriculture and Rural Development, said Vietnamese cities, especially major ones, are centres of economic, social, and cultural activities and also concentrations of infrastructure facilities and residential areas. They are exposed to many disaster risks, including flooding, which requires proactive preventive and timely response measures. … [Read more...] about Urban flooding needs concerted solutions

Between VND150-200 trillion ($6.4-8.5 billion) in bonds are set to mature this year, and if the bond market is left to self-regulate, systemic risks could spread to the banking sector and the entire financial market, Cuong told VnExpress in an interview. Although Vietnam concluded 2022 with a strong post-pandemic recovery, several financial problems plagued the economy last year, among them bond market issues . As there were many high-profile arrests due to alleged misconduct in bond issuance, companies prematurely redeemed VND210.57 trillion worth of their own bonds last year, up 46% from 2021. Although the market could be left to fix its own problems, Cuong said that it is recommended that the government intervenes with policies to ensure post-pandemic recovery, as one problem in the market could shake the market in a major way this year. He added that in the 2008 financial crisis, the U.S. government initially let the market corrects itself, but after Lehman Brothers … [Read more...] about Vietnam government should intervene in bond market: ADB economist

The Ministry of Construction (MoC) has set a target of raising the urbanisation ratio of the country to 53.9 per cent in 2023. Apartments in Hanoi. In 2022, Vietnam's urbanisation ratio increased by 1.2 per cent to 41.7 per cent. According to head of the MoC Office Đậu Minh Thanh, urban planning, management and development has been defined as one of the three breakthrough stages of the sector. In 2022, the country's urbanisation ratio increased by 1.2 percentage points to 41.7 per cent, he noted, adding that in the year, the ministry recognised five areas as tier-4 urban areas. As of November 2022, the country had 888 urban areas, including two special-type areas, 22 tier-1, 33 tier-2, 47 tier-3 and 94 tier-4 urban areas. Thanh said that in 2023, the ministry will focus on implementing the Government's action plan to realise Resolution No.06-NQ/BCT on sustainable urban planning, construction, management and development until 2030 with a vision to … [Read more...] about Urbanisation ratio expected to reach 53.9 per cent in 2023

The Vietnamese booths, featuring interior and exterior wooden and home décor products, handicrafts, hotel furniture, and lighting equipment, attracted many U.K. wholesalers and retailers, as well as visitors. Vietnamese Trade Counselor in the U.K. Nguyen Canh Cuong said the exhibition has offered a good opportunity for Vietnamese firms to introduce high quality products and meet potential importers and distributors. As the third largest furniture producer and exporter in the world, and the largest in Southeast Asia, Vietnam boasts products meeting requirements of the U.K. market, he said, stressing that Vietnam needs to actively attend fairs like JFS in order to seek and set up partnerships with British businesses. Zoe Bonser, Retail Manager of NEC, said that with more than 15,000 visitors, JFS gives a great chance to businesses, and those from Vietnam in particular, to gain easier access to the U.K. market. In 2022, Vietnam earned 239.66 million USD from exporting wood and … [Read more...] about Vietnamese furniture products introduced at U.K. exhibition

The negotiation of the Paris Peace Accords (signed January 27, 1973) was one of the longest running negotiations in the history of international diplomacy. Why did it take 5 years for the Accords to be signed? An international negotiation would normally only take several days, or several months. But negotiations for the Paris Accords lasted almost 5 years for many reasons, including politics, complex historical contexts and unpredictability on the battlefield. First, the stances taken by U.S. officials and the Democratic Republic of Vietnam at the beginning of negotiations were vastly different, almost opposites of each other. The Democratic Republic of Vietnam asked the U.S. to pull its troops out of the South and end its military intervention, while the U.S. wanted the opposite, arguing that their role was necessary to maintain stability in the South. There were many times when negotiations had to stop as both sides could not reach an agreement on this key point. Second, … [Read more...] about Paris Peace Accords decisive condition for Vietnam’s unification