Ca ve ha dong

The dollar rose to a new peak against the dong this year, hitting VND24,550 this week, and has risen around 3% since the beginning of the year at Vietcombank. "Many are concerned about the gain of the dollar, but I do not think it will rise as strongly as last year," said Nguyen The Minh, director of analysis at Yuanta Securities. The dollar rose at some point by 8.5% against the dong last year to 24,900 before declining in the last month of the year. The surge came after the State Bank of Vietnam (SBV) widened the dong-dollar trading band from 3% to 5% a day and allowed the dong to depreciate as global central banks tightened their monetary policies. But the gain of the dollar this year, according to Minh, is different, as it has mostly been caused by the short-term rise of inflation in the U.S. The U.S. dollar index, which measures the strength of the greenback against major currencies, remained strong at over 105 points. Analysts from stock brokerage firm SSI … [Read more...] about Dollar’s gain against dong to be short-term: analysts

This is one of eight metro projects planned by Hanoi to improve the city's mass transit system by 2030. The State Appraisal Council has approved the plan for Hanoi's fifth metro line, connecting Van Cao Street and Hoa Lac High-Tech Park, with a total investment of over VND65 trillion (US$2.8 billion), according to the city's People's Committee. As one of eight metro lines Hanoi plans to build by 2030 to improve the city's public transportation system and ease traffic congestion, the fifth line will facilitate fast and convenient mobility between suburban and urban areas. A rendered image of Hanoi's fifth metro line project. Photo: The Hanoi People’s Committee With a total length of 38.43 kilometers, the line will run 6.5 kilometers underground and 2 kilometers on elevated tracks. The fifth metro line will pass through seven districts. After running underground through Van Cao, Lieu Giai and Nguyen Chi Thanh streets, it will surface at Thang Long … [Read more...] about Hanoi’s US$2.8 billion fifth metro line project approved

The Department of Natural Resources and Environment of Dong Nai Province, southern Vietnam has written to four foreign-invested firms asking them to suspend cooperation agreements with 328 livestock farms as these farms have no certificates of completion of environmental protection works. Previously, the department, in collaboration with relevant agencies and local authorities, conducted inspections to assess the adherence to legal requirements for environmental protection by nearly 10,000 livestock farms and poultry facilities in the province. The four-month comprehensive review of documents and on-site inspections resulted in the discovery of 328 pig and chicken farming operations across 10 out of 11 districts and cities, excluding Bien Hoa City, holding livestock farming contracts with four foreign-invested enterprises without the necessary environmental permits. Those foreign-invested enterprises consists of C.P. Vietnam Joint Stock Company, Japfa Comfeed Vietnam Co. Ltd., … [Read more...] about Vietnamese province halts foreign firms’ partnerships with 328 farms over environmental issues

Pham Thi Minh Phi, who won the Miss Philanthropy title in the Miss Vietnam Business 2022 contest held in Da Nang, was arrested by Lam Dong police on Wednesday to be investigated for obtaining property by fraud. In October 2022, a man in Da Lat of Lam Dong called Phi, requesting her cooperation to raise capital together and do business. Phi, the general director of the Moc Hoa trade and service company, said she was negotiating to buy two land plots, spanning 1.7 ha in total, at VND22 billion. She said she had found a buyer, who was willing to buy the land plots at VND23.6 billion. This would mean profit of VND1.6 billion. Phi said she did not have the VND3 billion needed as a down payment to buy the land plots, so invited the man to raise the money with her. The man agreed to give Phi VND1.8 billion, without seeing the land plots first-hand or checking the legal information of the plots. On November 2, 2022, Phi signed a contract stating that she would borrow VND1.8 billion … [Read more...] about Beauty queen arrested in fake land sale scam

The 2023 Hanoi Fall Festival program will take place from September 29 to October 1 at Hoan Kiem Lake walking street and Hanoi Children's Palace. The first Hanoi Fall Festival with the theme "Hanoi - Come to fall in love" will be held at Hoan Kiem Walking Space and Hanoi Children's Palace from September 29 to October 1, aiming to promote travel to the capital in Autumn, the season when Hanoi is considered to be at its best. The information was announced by Deputy Director of Hanoi Promotion Agency (HPA) Nguyen Thi Mai Anh at a press conference in Hanoi on September 20. Foreign tourists visit Hanoi's Book Street. Photo: Hoai Nam/The Hanoi Times According to Anh, this is the first iteration of an event showcasing Hanoi's culture and cuisine on Capital Liberation Day (October 10). The festival will feature 150 booths from people's committees in 10 districts of Hoan Kiem, Me Linh, Quoc Oai, Ung Hoa, Ba Dinh, Nam Tu Liem, Cau Giay, Dong Anh, Ba Vi and Gia … [Read more...] about Hanoi Fall Festival 2023 captivates visitors with unique activities

The travel news site Reisereporter has just published an article that highlights some of the famous tourist destinations and landscapes in Vietnam, including Hanoi. In the article titled “Vietnam: You shouldn’t miss these sights”, www.reisereporter.de suggests tourists to visit some hidden "treasures" and undiscovered natural wonders in this wonderful country in the Southeast Asia region, in addition to popular tourist attractions. A Vietnamese girl in her charming ao dai (long dress) and non la (conical hat) walks through the Thang Long Imperial Citadel. Photo: Yeu Ha Noi According to Daniel Schramm, staff writer for www.reisereporter.de , Vietnam is a fascinating destination with a wide variety of sights and experiences. From historic cities like Hanoi and Hue to stunning natural landscapes like Halong Bay and Sapa to culinary adventures in street kitchens and markets, the country offers something for every taste. Vietnam's … [Read more...] about German press: Vietnam is a fascinating travel destination

The art initiative "Torito de Pucará: Ambassador of the Peruvian Highlands" introduces Vietnamese audiences to the aesthetic essence of this breathtaking Latin American nation. The exhibition "Torito de Pucará: Ambassador of the Peruvian Highlands" has been opened in Hanoi, featuring 18 handmade ceramic Pucará bull statues, one of the most specific symbols of traditional Peruvian pottery. Initiated by the Peruvian Ministry of Foreign Affairs, the exhibition is an activity to celebrate 29 years of diplomatic relations between Vietnam and Peru. The exhibition is a display of the unique art and culture of Peru. Photo: Department of International Cooperation As for the theme, "torito" means "little bull". The bull statues are created by skilled artisans from the pottery village of Checca Pupuja in the district of Jose Domingo Choquehuenca, province of Azangaro, in southern Peru. Visitors contemplate the bull statues. Photo: Department of … [Read more...] about Peruvian culture showcased in Hanoi bull statue exhibition

Under the planning scheme for Yen Bai for 2021-2030 and beyond, approved by Prime Minister Pham Minh Chinh, there will be two large-scale national tourist areas in the province: Thac Ba Lake and Mu Cang Chai. Under the current regulations, the national tourist area must have at least two tourism resources; establishments providing food, shopping, sports, entertainment, recreation, and health care services; accommodation facilities for at least 300,000 visitors per year; and accommodation of four stars or higher. Mu Cang Chai, home to ethnic minority groups, primarily the Hmong people, is a seven hours drive northwest of Hanoi. The remote rural district is famed for its terraced rice fields, which change color depending on the time of the year. Due to its rugged terrain, infrastructure has not yet been developed. In 2022, Mu Cang Chai received 350,000 visitors. Currently the country has seven national tourist areas: Tuyen Lam Lake (Lam Dong), Sa Pa (Lao Cai), Sam Mountain (An … [Read more...] about Remote mountain gem poised to become national tourist area

Attendees were keen to divulge their ideas on what is needed to fulfill Vietnam’s commitments, photo Le Toan Deputy Prime Minister Le Minh Khai said at the Ho Chi Minh City Economic Forum 2023 that green transformation and green growth may create many new opportunities but also require large resources for relevant technologies, efficiency, and to minimise production and waste treatment costs. Highly qualified human resources, both in terms of knowledge and skills, are also a key factor for businesses to implement green economic initiatives and solutions. “In addition to the role of banks and financial institutions, Vietnam needs the participation and cooperation of international financial organisations in mobilising green finance,” Khai said. The move towards renewable energy sources, green transportation, and a supply chain of green goods from production to consumption are creating many attractive cooperation opportunities for both domestic and foreign businesses, he … [Read more...] about Ho Chi Minh City urged to double down on green goals

How much will Japan work with Vietnam and ASEAN to help with the energy transition? Kinoshita Tadahiro, director general of Sojitz Vietnam and president of the Japanese Chamber of Commerce and Industry in Vietnam We highly appreciate the government and related ministries for the national green growth strategy, as well as the action plan on green energy transition and reducing carbon and methane emissions of the transportation sector. Completing the legal framework is an important factor to achieving this goal. In the context of increasing energy demand in Asian countries, the Japanese government is ready to cooperate with ASEAN countries in the energy transition process by providing more financial and technical support for testing and applying emission-reduction technologies. Accordingly, Japanese businesses wish to contribute to an effective energy transition in Vietnam by increasing private investment and applying deflation technologies, aiming to achieve … [Read more...] about Green-focused businesses ready for cooperation