An array of activities will be held in Hanoi, Hue, Da Nang, and Ho Chi Minh City from this month to mark the 50th anniversary of diplomatic relations between France and Vietnam. French Consul General in Ho Chi Minh City Emmanuelle Pavillon-Grosser said that 2023 is a very special year that marks 50 years of diplomatic ties and 10 years of strategic partnership between Vietnam and France. This is also an opportunity for the two countries to look back on the significance of the France-Vietnam partnership, by organizing numerous events throughout the year in various fields. A variety of engaging events such as exhibitions, performances, concerts, fashion shows, cuisine festivals, and more will be launched by the French Embassy in Vietnam, the Consulate General of France in Ho Chi Minh City, the French Institute in Vietnam, and many French and Vietnamese partners across the Southeast Asian country. Hanoi In Hanoi, about 20 photography exhibitions and events will be rolled out. … [Read more...] about Series of events to celebrate 50 years of France-Vietnam diplomatic ties
Concert 50 cent france 2022
Balade en France gastronomic festival – Walking in France in the heart of Hanoi
Locals and visitors to Hanoi in mid-April will be able to immerse themselves in traditional French culture and enjoy exquisite dishes, fine wines, and fresh fruits from France. Vietnam's largest French food festival - Balade en France, or Walk in France - will hold a special edition from April 14 to 16, according to the French Embassy in Vietnam. The poster of the “Balade en France” Festival 2023 This year's festival will be co-hosted by the Embassy and the Hanoi People's Committee, following the success of its two previous editions in 2018 and 2020. It will occur at the Ly Thai To Square and the surrounding area, Speaking at the press conference on March 28, Nicolas Warnery, French Ambassador to Vietnam, said that this large-scale public event is part of celebrating the 50th anniversary of French-Vietnamese diplomatic relations, showcasing French gastronomy. "To celebrate the important milestone of diplomatic relations between Vietnam and France, which … [Read more...] about Balade en France gastronomic festival – Walking in France in the heart of Hanoi
Viet Nam posts 78.9 per cent growth in coffee export value to Spain
The market share of Vietnamese coffee in Spain's total imports from the global market accounted for 30.16 per cent in 2022. — Photo laodong.vn Viet Nam was Spain's largest supplier of coffee (by volume) in 2022, with 113,550 tonnes worth 269 million euros (US$287 million), up 21.6 per cent in volume and 78.9 per cent in value against 2021. The Ministry of Industry and Trade (MoIT)'s Import-Export Department cited statistics from the Statistical Office of the European Communities (EUROSTAT) as saying that the market share of Vietnamese coffee in Spain's total imports from the global market accounted for 30.16 per cent in 2022. Statistics compiled by the department indicate that Viet Nam exported 342,300 tonnes of coffee in the first two months of the year, earning $745.28 million, down 7 per cent in volume and 9.5 per cent in value year-on-year. In February alone, the country shipped abroad over 200,000 tonnes of coffee worth $434.9 million to foreign markets, up 40.3 per cent … [Read more...] about Viet Nam posts 78.9 per cent growth in coffee export value to Spain
UBS to take over Credit Suisse, assume up to 5B Swiss francs in losses
The deal includes 100 billion Swiss francs ($108 billion) in liquidity assistance for UBS and Credit Suisse from the Swiss central bank. To enable UBS to take over Credit Suisse, the federal government is providing a loss guarantee of a maximum of 9 billion Swiss francs for a clearly defined part of the portfolio, the government said. This will be activated if losses are actually incurred on this portfolio. In that eventuality, UBS would assume the first 5 billion francs, the federal government the next 9 billion francs, and UBS would assume any further losses, the government said. Switzerland's regulator FINMA said that there was a risk that Credit Suisse could have become "illiquid, even if it remained solvent, and it was necessary for the authorities to take action". Credit Suisse Additional Tier 1 shares with a nominal value of around 16 billion francs ($17.2 billion) will be written down completely after the Swiss government provided support for UBS' takeover of Credit … [Read more...] about UBS to take over Credit Suisse, assume up to 5B Swiss francs in losses
Ho Chi Minh City records 6 new congestion hotspots in 2022
Ho Chi Minh City’s ongoing traffic difficulties only worsened in 2022, with traffic jams turning more serious and several new congestion hotspots recorded, according to Nguyen Thanh Loi, deputy head of the municipal traffic safety committee. In addition to increasingly serious congestion, the number of traffic accidents in the city also rose compared to 2021, Loi added. New congestion hotspots In 2022, traffic jams were commonplace near Tan Son Nhat International Airport in Tan Binh District and Cat Lai Port in Thu Duc City, the official elaborated. Congestion occurs on a route leading to Tan Son Nhat Airport in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre In addition, gateway routes into and out of Ho Chi Minh City such as National Highway No.1, the Ho Chi Minh City - Long Thanh - Dau Giay Expressway, and the Ho Chi Minh City - Trung Luong Expressway were often overloaded during peak hours. Six new congestion locations were recorded in the city last year, … [Read more...] about Ho Chi Minh City records 6 new congestion hotspots in 2022
More than 50 US firms sound out investment opportunities in Vietnam
As many as 52 large firms of the Unite States, including Boeing, Coca Cola, SpaceX, Netflix, and Apple, have come to Vietnam to seek cooperation opportunities in various fields. Representatives of the US - ASEAN Business Council and US firms at a working session with the Ministry of Planning and Investment. This is the largest US business delegation ever to come to Vietnam at a time when the two countries are celebrating 10 years of their comprehensive partnership. The trip is to show US businesses’ commitment to investing in Vietnam, said Marc Knapper, Ambassador of the US to Vietnam, at a press briefing on March 21. According to the diplomat, Vietnam is a potential market with many business opportunities, especially when bilateral relations are developing positively, with their trade expanding vigorously over the years. Sharing the view, Ted Osius, president & CEO of the US-ASEAN Business Council (USABC), noted US firms have a greater interest … [Read more...] about More than 50 US firms sound out investment opportunities in Vietnam
Generali Group touts best-ever operating results in 2022
The information comes from Generali Vietnam’s latest release issued March 16, citing that at a meeting chaired by president Andrea Sironi, the Assicurazioni Generali Board of Directors approved the consolidated financial statements and the parent company’s draft financial statements for the year 2022. Along with this, the group’s gross written premiums rose by 1.5 per cent to $86.7 billion, thanks to the positive performance of the Property and Casualty (P&C) segment, led by the non-motor line. Generali Vietnam has contributed to the group’s performance with strong growth after 12 years of operation The operating result climbed by 11.2 per cent to reach $6.89 billion, thanks to positive growth in the Life, P&C, and Holdings and other businesses segments. The Life segment grew strongly by 25.1 per cent to reach $3.73 billion, reflecting excellent technical profitability, which was also confirmed by the new business margin at 5.35 per cent – up 0.86 … [Read more...] about Generali Group touts best-ever operating results in 2022
Drama plays mark 50 years of Vietnam – France relations
Young actress Le Chi Na (left) plays a lead role in 'Eugénie Grandet' in the Vietnamese adaptation of Honoré de Balzac’s novel. (Photo courtesy of the theatre) Ho Chi Minh City (VNS/VNA) — Young artists of the Hong Hac Drama Troupe are working on a series of new plays to mark 50 years since the establishment of diplomatic ties between Vietnam and France. The highlight is an experimental play on money and love adapted from Honoré de Balzac’s novel Eugénie Grandet. The Vietnamese play adapted from Eugénie Grandet was written by female director Viet Linh, who is talented and well-known in both theatre and movies. Linh worked with her younger colleague, theatre director Tay Phong on the play script. The play is about a wealthy but miserly Felix Grandet whose deeds lead to tragedy for his daughter Eugénie and himself. “I believe Vietnamese versions of French theatrical plays will offer something new and interesting for audiences, particularly the youth,” said director … [Read more...] about Drama plays mark 50 years of Vietnam – France relations
Mitsubishi Power achieves No 1 global gas turbine market share in 2022
Final assembly of the gas turbine. — Photo baodautu.vn Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd (MHI), captured the top market share by megawatts in 2022 with a global gas turbine market share of 33 per cent according to McCoy Power Reports data. The company has also secured 49 per cent market share in the Advanced Class gas turbine market, led by Mitsubishi Power’s latest model JAC (J-Series Air-Cooled) gas turbines. This is one of the most advanced turbines in the market, contributing towards reducing air pollution, but still be able to ensure proper electricity production which is essential to overall global economic development, especially when Viet Nam and many nations in the world are accelerating the transition to clean energy. Mitsubishi Power's high market share results are attributed to its strong project execution track record, high performance, and product reliability. Mitsubishi Power has extensive experience with large frame … [Read more...] about Mitsubishi Power achieves No 1 global gas turbine market share in 2022
Viet Nam’s foreign investment plunges 39 per cent in Q1
A factory in Dong Nai Province's Giang Dien Industrial Zone. The province lured $500 million in foreign investment in the first three months, nearly tripling that in the same period last year. — VNA/VNS Photo Hong Dat Viet Nam attracted nearly US$5.45 billion worth of foreign investment in the first quarter of the year, down 39 per cent year-on-year, according to the Foreign Investment Agency (FIA). Of the three-month figure, over $3 billion came from 522 newly-licensed projects, up 62 per cent in a number of projects but down 6 per cent in the level of capital compared to the same period last year. Some $1.2 billion was added to 228 existing ones, representing a yearly hike of 3 per cent in a number of projects and a yearly decline of 70.3 per cent in the capital. However, foreign investors' capital contribution and share purchases rose 4 per cent year-on-year to $798 million, the FIA said. Along with the contraction in fresh capital, the disbursed capital also slightly … [Read more...] about Viet Nam’s foreign investment plunges 39 per cent in Q1