Jose Mestre, a representative of the Central Retail Group in Vietnam, speaks at the conference (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang, in collaboration with the ministries of Industry and Trade, and Agriculture and Rural Development, held an online conference on litchi sales for nearly 80 target markets at home and abroad. The conference provided an opportunity for Bac Giang to promote litchi sales in domestic and export markets; and strengthen its coordination with centrally-run agencies, domestic and foreign provinces and cities, and overseas Vietnamese economic, trade and diplomatic agencies. It also served as a forum for domestic and foreign businesses to find partners and sign contracts for litchi and litchi-based products in this year. Speaking at the event, Vice Chairman of the People’s Committee of Bac Giang province Phan The Tuan said that thanks to the favourable weather and the close control of growing area codes, the … [Read more...] about Bac Giang promotes litchi sales at home and abroad
Domestic flights how early to arrive
Q1 reports of Vietnamese enterprises reflect economic recovery
Positive prospects Total consolidated revenue of the Vietnam National Textile and Garment Group (Vinatex) in the first quarter of 2022 reached nearly VND4.9 trillion, a year-on-year increase of 45 percent. Its pretax profit reached VND376.7 billion, up 74 percent compared with the first quarter of 2021, and equivalent to 39.6 percent of the annual projection. Many textile and garment companies have received orders to maintain exports until the end of the third quarter of 2022 Vinatex attributed these results to the fact that most yarn companies of the group received orders in 2021 to maintain exports in 2022 and to the forecast about cotton price increases resulting in a large volume of low-priced cotton in stock. In early 2022, member companies of Vinatex achieved satisfactory business results and many received orders for the first three quarters of the year. The yarn sector so far has fulfilled 63 percent of its annual business plan. Garment companies have … [Read more...] about Q1 reports of Vietnamese enterprises reflect economic recovery
Prehistoric relics discovered in Bac Kan cave
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
Vietnam Electricity gearing up to keep lights on for dry season
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
Scientific seminar on Ho Chi Minh and the Union of Colonies held
Major General Vu Duc Long, Deputy Political Commissar of the academy; leaders of agencies, units, and scientists inside and outside the academy attended the event. The seminar affirmed that 100 years ago, on May 24, 1922, the Colonial Research Council of the Union of Colonies approved the union’s Declaration drafted by Nguyen Ai Quoc. The Declaration featured the core standpoints, orientations for the organization and operation of the union with the aim of guiding colonial nations to struggle for liberating them from oppression and exploitation of colonial imperialism. With Nguyen Ai Quoc and his friends’ energy, knowledge, and talent, the union, though operating for a short time, significantly contributed to connecting the peoples of colonial countries in a common front in the fight against colonial imperialism, and building solidarity between the peoples of the colonial countries and the French working class and working people in a bid to liberate colonial nations from oppression … [Read more...] about Scientific seminar on Ho Chi Minh and the Union of Colonies held
Second group of L2FH Rotation 4 heads for South Sudan
Major General Hoang Kim Phung, Director of the Vietnam Department of Peacekeeping Operations (VNDPKO), representatives of the VNDPKO, the Military Medical University, Australian Defense Attaché Office in Vietnam, relatives of the L2FH Rotation 4’s personnel attended the event. According to the VNDPKO leadership, the first group of the L2FH Rotation 4 to the UNMISS has settled down and taken over duties and facilities from the L2FH Rotation 3. He added that the preparation for seeing off the second group was made thoroughly. All cadres, doctors, and nurses have shown high determination and readiness to perform their duties at UNMISS. At the ceremony, Lieutenant Colonel Do Thi Hang Nga, Second-in-Command of the L2FH Rotation 4 affirmed that arriving at the UNMISS, the second group will join the first group and show their highest efforts and determination, overcome difficulties, and fulfill all assigned missions, contributing to promoting the traditions and image of Uncle Ho's … [Read more...] about Second group of L2FH Rotation 4 heads for South Sudan
Shinhan Life Vietnam, Shinhan Bank Vietnam sign partnership
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
Viet Nam-Asia DX Summit 2022 opens in Ha Noi
The Viet Nam -Asia DX Summit 2022 opened in Ha Noi on Wednesday. — Photo vietnamplus.vn The Viet Nam-Asia Digital Transformation (DX) Summit 2022 opened in Ha Noi yesterday, where experts are examining ways to further utilise the advantages of digitalisation for the economy and society. The digital economy is making many important contributions to the global economy, said Nguyen Van Khoa, Viet Nam Software and IT Services Association (Vinasa) chairman. Facing the trend towards digitalisation, many countries have taken the opportunity to develop the digital economy and have issued their own development strategies, he added. The summit is organised by Vinasa under the direction and patronage of the Ministry of Information and Communications. Data from Google and Temasek shows that the Vietnamese internet economy achieved US$21 billion last year and contributed more than 5 per cent of the country's GDP. Studies show that the growth rate of the Vietnamese digital economy is … [Read more...] about Viet Nam-Asia DX Summit 2022 opens in Ha Noi
Different plans to be prepared for safe and effective operation of the securities market
Deputy Minister of Finance Nguyễn Đức Chi. The State authorities have recently taken a number of measures to strengthen the management and supervision of the securities market, including replacing the head of the State Securities Commission and taking disciplinary measures against leaders of the two national stock exchanges and the Việt Nam Securities Depository. Deputy Minister of Finance Nguyễn Đức Chi, who was appointed to take the charge of the State Securities Commission from May 19, spoke to the media about solutions to ensure the stable and safe operation of the securities market in the future. What is the view of the Ministry of Finance on the recent violations of the State management agencies in the securities market? Recently, authorities inspected activities on the stock market as well as State management agencies in charge of the market and have discovered the shortcomings and weaknesses of officials and civil servants in the … [Read more...] about Different plans to be prepared for safe and effective operation of the securities market
Legislators debate socio-economic development, state budget
Speaking at the group discussion on supplementary assessments of the implementation of the socio-economic development plans and the state budget in 2021 and the first months of 2022, Phuc also stressed social issues that need special attention, especially education, child abuse, drowning and school violence. He pointed to challenges to the national economy in the time ahead such as inflation, impacts of the soaring global energy prices and stock market volatility which requires supportive measures to stay stable. The President recognized the encouraging economic indices in the first five months of 2022, but warned against complacency. He said the Resolution adopted at the 13th National Party Congress sets specific targets by 2025, 2030 and 2045, with continuously high growth. Therefore, it requires strong, drastic measures to reach the targets. Legislators shared the view that despite unprecedented difficulties caused by COVID-19, the country’s socio-economic development still … [Read more...] about Legislators debate socio-economic development, state budget