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At the closing ceremony of SEA Games 31 . (Photo: VNA) Hanoi (VNA) – Vietnam has successfully organised SEA Games 31, rounding off the tournament with a spectacular ceremony, Malaysia’s media have said. In an article titled ‘Hanoi SEA Games ends in colourful, vibrant, spectacular style’, Vikneswaran Raman of the Malaysian news agency Bernama reviewed highlights of the Games’ closing ceremony at Hanoi's My Dinh Indoor Athletics Arena. The reporter said the ceremony, powered by stunning light shows and marked the rejuvenation of sports in the region. The article also noted Vietnam in its second time hosting the sports event, topped the medal tally with a massive 205-125-116 medal haul. At the closing ceremony (Photo: VNA) Echoing the view, the news site The Star lauded the successful organisation of the Games and the 90-minute warm and joyful farewell to international friends after excellent competitions. In an article reviewing Malaysia’s journey at the … [Read more...] about SEA Games 31: Malaysian media impressed with host Vietnam

Indonesian Minister of Trade, Muhammad Lutfi (R) shakes hands with Japanese Minister of Economy, Trade and Industry Hagiuda Koichi after a meeting in Thailand (Photo: Indonesian Ministry of Trade) Jakarta (VNA) – Indonesia appreciated Japan 's desire to discuss the 'Asia Japan Investing for Future Initiative', Indonesian Minister of Trade Muhammad Lutfi said during his recent meeting with Japanese Minister of Economy, Trade and Industry Hagiuda Koichi. Lutfi said Indonesia welcomed the discussion to prepare this initiative for the benefit of the region. He revealed that there are at least three things that are of concern to Indonesia regarding this initiative. These things are related to the expected results, funding mechanisms, and the planned implementation time. The Indonesian minister also appreciated Japan's support for this year's G20 Presidency, hoping that the support will help G20 member countries generate useful achievements and priority agendas. … [Read more...] about Indonesia, Japan discuss regional economic development

The event will include a job fair and workshops with major Nordic companies.(Photo courtesy of NordCham) HCM City (VNS/VNA) - Nordic companies and business leaders will gather for a conference to be held in Ho Chi Minh City on June 1, aiming to promote inclusive and sustainable business practices. Named ‘Work the Nordic Way 2022’, the third-annual conference will also give Vietnamese job-seekers the chance to meet major Nordic companies through an afternoon of workshops, panel sessions, and networking. Organised by the Nordic Chamber of Commerce (NordCham) and four Vietnamese-Nordic alumni associations, the upcoming event will focus on the theme of a diverse and inclusive workforce. Nordic countries are world leaders in this area, and speakers will share how promoting inclusion in the workplace can contribute to business success and socio-economic growth. It will also include a jobs fair and workshops with major Nordic companies including Tetra Pak, Home Credit, … [Read more...] about ‘Work the Nordic Way 2022’ slated for June

Illustrative photo (Source: VNA) Hanoi (VNA) - The Bank for Investment and Development of Vietnam (BIDV) and the Asian Development Bank (ADB) on May 25 co-organised a workshop to announce a report on Vietnam’s financial market in 2021 and its 2022 outlook. BIDV Senior Executive Vice President Tran Phuong said it is a result of research by a team of ADB and BIDV experts. This is the first time a Vietnamese financial institution has collaborated with ADB to make a comprehensive assessment report on the Vietnamese financial market, covering the fields of banking, securities, and insurance, he noted. Looking back at 2021, the report states that the world economy recovered quite quickly along with a rapid increase in inflation due to the majority of countries reopening socio-economic activities. The global financial market continued its fast recovery given the new normal condition and strengthened confidence. In that context, Vietnam's economy recovered quite … [Read more...] about BIDV, ADB release report on Vietnam’s financial market

Participants at the event (Source: Vietnam Mission to ASEAN) Jakarta (VNA) - Ambassador Nguyen Hai Bang , Permanent Representative of Vietnam to ASEAN , has co-chaired the 9th meeting of ASEAN-Korea Joint Cooperation Committee (AKJCC) with the Republic of Korea (RoK)’s Ambassador to ASEAN Kwon Hee-seog. During the meeting on May 24, the two sides noted the progress made in the ASEAN-RoK cooperation over the past year, including following up on the outcomes of the 22nd ASEAN-RoK Summit in October 2021 and activities to implement various areas of cooperation under the ASEAN-RoK Plan of Action (2021-2025). Within the framework of the key cooperation mechanism - the ASEAN-Korea Cooperation Fund (AKCF), 20 projects are being implemented with a total investment of 56 million USD, focusing on five priority areas of education and training, the environment, economic recovery, culture and tourism, and health. In addition, there are nine projects waiting for approval, … [Read more...] about Vietnam co-chairs ASEAN-Korea Joint Cooperation Committee’s meeting

President Ho Chi Minh meets with Italian journalists from the Communist newspaper l'Unità in 1959. (Photo: VNA) Seoul (VNA) – The ideology of patriotic nationalism pursued by President Ho Chi Minh remains alive today amidst a rise in competition for power among major countries, Professor Choi Gyu Youb from the Republic of Korea’s Hanshin University told Vietnam News Agency. The Korean professor admired the the great personality of the late leader who was largely respected even by enemies. Under the wise leadership of President Ho Chi Minh, Vietnam defeated two major powers – French colonialists and American imperialists, Choi noted, quoting the late leader as saying Vietnam possesses a weapon more formidable than the most advance one of the Americans, which is people’s solidarity and patriotic nationalism . He praised President Ho Chi Minh as a brilliant strategist who had a historical vision and decisions, saying his strategies were flexible, depending on each … [Read more...] about President Ho Chi Minh’s ideology remains alive: Korean professor

Delegates attended to the factory's groundbreaking ceremony. — Photo baodautu.vn Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin-film factory at the Becamex Viet Nam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh on Tuesday. Kurz International is the first European investor to invest in the 1,425-ha park as well as in the south central province. The US$40-million project covers 12,000sq.m. It is the third invested by Kurz International in Asia. The first phase of the project is expected to be operational in the third quarter of 2023, with a total production capacity of 15 million sq.m of hi-tech film and coating products a year. Depending on operations in Viet Nam, the total investment for the project is expected to be up to $100 million in 10-15 years. General Director of KURZ Vietnam Co, Cosima von Salis said the new factory in Binh Dinh Province will help strengthen the influence of KURZ Group in … [Read more...] about Work begins on $40-million thin film project in Binh Dinh

Kang GewWon, General Director of Shinhan Bank Vietnam (left) and Lee Euichul, General Director of Shinhan Life (right), signed an insurance business partnership on May 24. — Photo Shinhan Bank Vietnam Shinhan Life Insurance Vietnam Limited Liability Company (Shinhan Life Vietnam) and Shinhan Bank Vietnam Limited (Shinhan Bank) officially signed a strategic cooperation agreement on implementing the bancassurance business model on May 24. The agreement marks a new chapter full of expectations for two financial organisations with mutual plans to bring living improvement solutions to a million Vietnamese people. Under the framework of the new agreement, Shinhan Bank Vietnam will consult and introduce life insurance products of Shinhan Life to the bank's customers nationwide. The first product developed through this distribution channel is Shinhan – Credit, a protection product for borrowers. “In recent years, customers' demand for insurance products at the bank has expanded … [Read more...] about Shinhan Life Vietnam, Shinhan Bank Vietnam sign partnership

Illustrative image (File photo) Hanoi, May 25 (VNA) - Over 700 prehistoric artefacts have been discovered inside Tham Un cave in the northern mountainous province of Bac Kan’s Ba Be district. The discovery resulted from a fact-finding trip undertaken by the Institute of Archeology, the Vietnam Archeology Association, and the Bac Kan Museum. Combing the entire cave, their team found traces of ancient people almost everywhere. Among the artefacts discovered were stone tools made from river pebbles. According to Associate Professor, Dr Trinh Nang Chung, based on the overall study of the relics as well as the structure and age of the sediment, researchers believe that Tham Un was a residence of many generations of prehistoric people . Its early inhabitants belonged to the late Bac Son Culture dating back 5,000 to 6,000 years, while the late inhabitants were from the Late Neolithic - Early Metal Ages dating back about 4,000 years. This is a very important … [Read more...] about Prehistoric relics discovered in Bac Kan cave

The Van Phong 500kV transformer station under construction in Khanh Hoa province (Photo: VNA) Hanoi (VNA) – Vietnam Electricity (EVN) said it will make adjustments to the power grid to ensure power supply for daily public energy use in the second quarter - the peak of the dry season, when power generation becomes a serious issue. Daily consumption in April was estimated at 779 million kWh while load power stood at about 42,124 MW, rising 5.3 percent year on year. Difficulties are likely to linger on this season in terms of coal supply for thermal power plants . The State-owned group said coal shortages were recorded in Q1, at 1.36 million tonnes lower than the contracted volume, forcing thermal power plants to cut turbines, reducing output by 1.365 billion kWh. Facing that reality, the firm worked with coal suppliers to find solutions and reported the problem to authorities. EVN flexed its fleet of hydropower plants so as to guarantee both power generation … [Read more...] about Vietnam Electricity gearing up to keep lights on for dry season