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At the ceremony (Photo: VNA) Phnom Penh (VNA) – A Vietnamese cultural week was kicked off in Cambodia at a ceremony held in the capital Phnom Penh on August 10. As part of the activities marking the 55th anniversary of Vietnam – Cambodia diplomatic relations, the event runs in Phnom Penh and Siem Reap until 14. Its opening ceremony featured songs and traditional dances performed by Vietnamese and Cambodian art troupes. In his opening speech, Deputy Minister of Culture, Sports and Tourism Hoang Dao Cuong highlighted the nations’ solidarity, traditional friendship and cooperation, and good neighbourliness. The bilateral ties have grown robustly over the past more than five decades, bringing about important political, socio-economic, cultural, and educational outcomes and practical benefits for the two peoples, he affirmed. Their regular organisation of cultural programmes is key to increasing the countries’ solidarity, friendship, mutual understanding and … [Read more...] about Vietnamese cultural week underway in Cambodia

Vietnam has been recording over 571,000 new Covid-19 cases a week on average, which is only behind South Korea (713,000 cases), the U.S. (760,000 cases) and Japan (1.4 million cases), according to a World Health Organization report. But the report did not mention Vietnam among countries with top Covid deaths. The WHO said the high numbers of recorded cases in Vietnam were partly because of extra data provided by certain localities, which were recorded since February. Over the past week, the northern port city of Hai Phong added another 402,830 cases to its tally and the northern province of Thai Nguyen added another 152,485 cases, the Ministry of Health said. Vietnam records around 2,000 new Covid-19 cases a day on average over the past week, the ministry added. There has been a spike in the number of new Covid-19 cases as reported on Thursday, with 6,775 new cases, which is three times that of the average number of new cases recorded in the previous week, the ministry said. … [Read more...] about Vietnam has 4th highest number of weekly Covid cases worldwide: WHO

Illustrative image (Source: VNA) HCM City (VNS/VNA) - As tourism continues to revive, the hotel and tourism industry is suffering from challenges in recruiting qualified human resources post pandemic, industry players warned. Speaking at a seminar on August 9 in HCM City, Dr Nguyen Anh Tuan, director of the Institute for Tourism Development Research, said there was a lack of high-quality staff in the industry. Vu The Binh, chairman of the Vietnam Tourism Association , said that human resources were a weak point for the industry even before the pandemic. “Efficient, hard-working, and resourceful human resources are the backbone of any successful business. It is even more so in the case of the hotel industry.” Successful hotel operations are sustained by customer-oriented and hard-working employees who have adequate competencies, he added. A large number of hotels and resorts stopped operation during the two-year pandemic, and coming back could prove challenging, he … [Read more...] about High-quality human resources key to sustainable tourism industry

An overview of the meeting (Photo: VNA) Hanoi (VNA) – The impressive economic growth in the first seven months of this year reflects the efficiency of the policies that have been applied recently, stated Minister of Planning and Investment Nguyen Chi Dung at the meeting between the Prime Minister and businesses that opened in Hanoi on August 11. The minister said that international organisations have shown optimism about the Vietnamese economy, rating the country’s long-term credit as "stable" and "positive". Many economists held that the Vietnamese economic resilience is relatively good currently, he added. The official cited a recent survey as showing that in the second quarter of this year, 70-80% of total businesses highly valued the effectiveness of the Government’s support to businesses amid the COVID-19 pandemic , especially those in taxation. As of the end of July, the country had 871,000 companies, up nearly 13% over 2019. In July alone, more than 130,000 … [Read more...] about Government’s economic stimulation policies prove effective: Minister

Illustrative image (Photo: VNA) Hanoi (VNA) - Post-pandemic robust rebound in the American market has ushered in multiple opportunities for Vietnam to expand its export of key products, according to the Ministry of Industry and Trade. Vietnam in America such as Canada and Mexico have also increased imports from the Southeast Asian nation. According to the MoIT, handsets, computers, and electronic items hold the largest proportion in Vietnam’s export structure to the American market, reaching 43.3%; followed by textile, apparel, and footwear products with 25%; wood and wooden items with 8%; and agricultural and agro-aquatic product s with 4%. VNA … [Read more...] about Vietnam’s export to American market sees sharp rebound

The Grand Ho Tram Strip on Friday announced its ongoing series of entertainment events set against the breathtaking backdrop of The Fountains of Ho Tram. Dubbed Ho Tram Sound Waves, the concert series will see Toc Tien, My Tam and Issac 365 take to Vietnam’s most spectacular stage. Bubbling with energy, pop sensation Toc Tien will be first to grace the six-storey water stage, following the incredible reception that Phuong Vy Idol and Son Tung M-TP received when they inaugurated the Fountains at a VIP event in July. All Sound Waves events will be free to the general public. Speaking at a staff rally earlier this week, Toc Tien said: “I’m honored to be teaming up with TGHTS not once but twice in the same month! It’s even more of a pleasure to be the opening act for such an extraordinary line up of Vietnam’s top artists and of course, I’m positive my colleagues in show business will be just as excited as I am to be a part of this unique project..” “The Fountains of Ho Tram … [Read more...] about The Grand Ho Tram Strip launches fountain-side Sound Waves concert series

Specifically, RON 95-III gasoline dropped by VND940 to VND24,660 per liter, and E5 RON 92 gasoline fell by VND900 to VND23,720 per liter. Along with gasoline, the price of diesel oil also decreased by VND1,000 to VND22,900 per liter. Kerosene also slumped by VND1,210 to VND23,320 per liter. Fuel oil alone kept the selling price unchanged at VND16,540 per kg like ten days ago. In this adjustment, the management agency reduced the setting up level for the Fuel Price Stabilization Fund to VND70-VND100 per liter or kg compared to the previous adjustment. Accordingly, the setting up level is VND700 for E5 RON 92 gasoline, VND750 for RON 95-III gasoline, VND350 for diesel oil, VND650 for kerosene, and VND716 per kg for fuel oil. By Luu Thuy – Translated by Bao Nghi … [Read more...] about Petrol prices retreat for five consecutive times

Accordingly, at the end of 2021, the People's Committee of HCMC issued a decision to recognize the auction-winning results for the Dream Republic Joint Stock Company (lot No.3-5), Sheen Mega Joint Stock Company (lot No.3-8), Binh Minh Investment and Trade Company Limited (lot No.3-9), and Viet Star Real Estate Investment Company Limited (lot No.3-12). The Tax Department of HCMC also issued notices of land-use fees and registration fees for four companies to pay to the State budget. Binh Minh Investment and Trading Company Limited paid VND145.7 billion, and Viet Star Real Estate Investment Company Limited paid VND588.5 billion, or a 20 percent deposit. However, after that, they sent written requests to stop and terminate the purchase contract of the auctioned land. Sheen Mega Joint Stock Company paid a deposit of VND203.7 billion and was forced to deduct money from its bank account because its outstanding amount was VND3.79 trillion; the Dream Republic Joint Stock Company paid a … [Read more...] about Thu Thiem land auction results proposed to be canceled

Illustrative image (Source: VNA) Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,163 VND/USD on August 11, down 11 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,857 VND/USD and the floor rate 22,468 VND/USD. The opening-hour rates at many commercial banks increased. At 8:30 am, BIDV listed the buying rate at 23,250 VND/USD and the selling rate at 23,530 VND/USD, both up 5 VND from the end of August 10. Vietcombank kept both rates unchanged at 23,220 VND/USD (buying) and 23,530 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate down 11 VND on August 11

Illustrative image (Source: VNA) Hanoi (VNA) – Samsung Electronics ’ plan to manufacture semiconductor products in Vietnam has sparked the hope that the Southeast Asian nation will be a new stop for the semiconductor industry . During his recent trip to Vietnam, CEO Roh Tae-Moon unveiled that Samsung will make an additional investment of 3.3 billion USD in the country this year, enabling the Korean technology giant to start producing semiconductor components in Vietnam by July 2023. In fact, part of the investment commitment has been materialised, with 841 million USD for Samsung Complex HCMC-SEHC in Ho Chi Minh City and 1.18 billion USD for Samsung Electro-Mechanics in the northern province of Thai Nguyen. Since 2019, the tech giant has announced that it will raise investment in the semiconductor industry to a whopping 151 billion USD. When Vice Chairman Lee Jae-yong visited Vietnam in 2020, host leaders expressed their wish that Samsung will invest in the … [Read more...] about Vietnam – new stop for semiconductor producers