Forecast ninh binh

Industrial Centre YP2C is scheduled to be completed in the second quarter of 2024 and will feature 34,500 sq.m of high-quality industrial and logistics space Industrial Centre YP2C is scheduled to be completed in the second quarter of 2024 and will feature 34,500 square metres of high-quality industrial and logistics space designed in accordance with Frasers Property’s premium estates concept that reflects its commitment to healthy, sustainable, and high-performing industrial assets. The 3-in-1 multi-functional industrial space will seamlessly integrate showroom, office, and production assemblies with 7,000sq.m dedicated to a green recreation park and on-site service centre to support occupier wellbeing in the estate. According to Lim Hua Tiong, CEO of Frasers Property Vietnam, Bac Ninh is a strategic manufacturing hub in the northern key economic zone that is contributing to Vietnam’s push to move up the value chain. Nguyen Trong Hien, chairman of GELEX Group, stated, said … [Read more...] about Frasers Property Vietnam and GELEX Group break ground on Bac Ninh project

At the meeting (Photo: VNA) Hanoi (VNA) – The Party Central Committee's Inspection Commission has given a warning to the Party Affairs Committee of the Quang Ninh provincial People's Committee in the 2011-2016 and 2016-2021 tenures and several officials and former officials of the province as a disciplinary measure, at its 32nd meeting in Hanoi. The commission said the Party Affairs Committee of the provincial People's Committee in the 2011-2016 and 2016-2021 tenures had violated the democratic centralism principles and working regulations. They showed a lack of responsibility and loose leadership, leading to the provincial People's Committee and various collectives and individuals breaching the Party’s regulations and State laws on managing and implementing projects/contracts by the Advanced International JSC (AIC) and its affiliates, and the FLC Group JSC. These violations have resulted in very serious consequences, substantial financial losses and a significant risk of … [Read more...] about Commission metes out disciplinary measures against former officials in Quang Ninh

A street in Vientiane capital of Laos. (Photo: AFP/VNA) Vientiane (VNA) – The Asian Development Bank (ADB) has revised down its growth forecast for the Lao economy in 2023 to 3.7%, from a 4.0% projection released in April. According to the Asian Development Outlook (ADO) September 2023, economic growth in Laos is forecast to be slower than expected due to weaker growth prospects in China, and macroeconomic pressures arising from unsustainable public debt and a weak Lao currency, the kip. The 2024 growth forecast was kept at 4.0%. Curbing inflation is among the main challenges to Laos. Though inflation decelerated in August to stand at 25.88%, down from 28.64% in June and 27.8% in July, the rate is still among the highest in the region. The Lao Statistics Bureau said the weak kip is one of the main drivers of inflation. Lao media cited ADB Country Director for Laos Sonomi Tanaka as saying that sound macro-economic management, including stronger coordination … [Read more...] about ADB lowers growth forecast for Lao economy this year

For Thien, the official visit to Vietnam by U.S. President Joe Biden earlier this month was not only an important event between Vietnam and the U.S., but a memorable milestone in his life. At the National Assembly Building on September 11, Thien received his war diary lost during a battle in Tay Ninh that borders HCMC in 1967, as witnessed by Biden and National Assembly chairman Vuong Dinh Hue. "I couldn’t have imagined ever receiving my lost diary from the war around 60 years ago. It was truly surprising and moving. For me, it was an invaluable relic," said Thien, 75. Thien was born in northern Thai Binh Province and joined the army in 1965, at the age of 17. He brought with him a diary to recount what happened during his march into the southeastern Vietnam battlefield. "I want my descendants to know how their forefathers used to face dangers and hardship," he said. He would often sit down and write in his diary one or two days into the march, or when emotions ran … [Read more...] about How a Vietnam War diary found its way home after 56 years

Vietnam’s JETP plan must cover energy efficiency, storage, and more, photo Le Toan European Investment Bank (EIB) vice president Kris Peeters told VIR when he visited Vietnam last week that the non-profit credit institution and lending arm of the EU is eager to meet with partners in Vietnam to provide more green loans for environmentally friendly projects in various sectors from transport, water treatment, and smart urban development to renewable energy and infrastructure. “We have been providing loans for seven projects in Vietnam with total loans of €561 million ($602.8 million), and we hope the figure will double in the coming time,” Peeters said. Last year, the EIB invested over €70 billion ($75.2 billion) in many green projects worldwide. “We want to increase our investment portfolio and Vietnam is also on our priority list, as the country’s economy is going green, meaning the growing need for relevant projects in many sectors,” Peeters said. “Vietnam is an important … [Read more...] about Development banks extend role in green-related loans

The 172-room hotel – HIIVE by Fusion Binh Duong – is located in Vietnam-Singapore Industrial Park 1 in Thuan An of Binh Duong province. Created for business travellers around industrial and logistic hubs, the hotel is near AEON Mall, Song Be Golf Resort, and just an hour from Ho Chi Minh City’s international airport. The opening of HIIVE by Fusion Binh Duong will mark the new brand’s Southeast Asia debut With interiors and facilities to support both work and leisure travel, the HIIVE hotel features spacious rooms for longer stays, flexible meeting rooms, coworking spaces, an all-day dining restaurant, a sports bar, a golf simulator, a 24-hour fitness centre, and guest laundry facilities on every floor. “There has been a steady increase in foreign investment and business travel into Vietnam, with Binh Duong quickly emerging as a main manufacturing hub located just outside Ho Chi Minh City,” said Christopher Hur, president of Lodgis Hospitality, the parent company of … [Read more...] about Fusion Hotel Group launches business hotel brand

Illustrative photo (Photo: VNA) Hanoi (VNA) – Vietnam’s coffee exports in the third quarter of this year will slow down because supply is no longer abundant, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. However, the exports will benefit from prices because the world's consumer tastes tend to shift to Robusta coffee. In the 11 months of the 2022 - 2023 crop year from October 2022 to August 2023, Vietnam exported more than 1.6 million tonnes of coffee, a decrease of 2% compared to the same period of the previous crop year. The output in this crop is forecast to be only about 1.5 - 1.6 million tonnes, down 10 - 15% compared to the 2021-2022 crop. There is not much coffee for export now. The supply is expected to improve from November until the new harvest season 2023-2024. However, low inventories pushed export coffee prices in August to a new record of 3,054 USD per tonne, up 8% over the previous month and up 30% compared to the same … [Read more...] about Vietnam’s coffee exports to slow down in Q3

Mexico’s magazine Voces Del Periodista has run a story spotlighting the traditional ties between Vietnam and Latin America in general and Brazil in particular. (Photo: VNA) Mexico City (VNA) – Mexico’s magazine Voces Del Periodista (Voice of Mexican journalists) has run a story spotlighting the traditional ties between Vietnam and Latin America in general and Brazil in particular, on the occasion of Vietnamese Prime Minister Pham Minh Chinh ’s official visit to Brazil from September 23-26. The article, entitled "Vietnam opens its arms of friendship to Latin American countries", highlighted the image of a Vietnamese nation with increasing integration in all fields with friends all over the world, becoming an important factor in the Indo-Pacific region. Vietnam’s glorious history of national defence has inspired millions of peace-loving people around the world, it said, underlining that the country has risen from the ashes of war into a strong country playing a … [Read more...] about Vietnam opens arms wide to Latin American friends: Mexican journal

Members of the Thai delegation experience a boat tour of a mangrove forest in Ba Tri district, Ben Tre province. (Photo: VNA) Ben Tre (VNA) – A delegation of experts from Thailand visited the Mekong Delta province of Ben Tre on September 20 - 21 to prepare for the implementation of a project on sustainably developing coastal communities based on ecotourism and applying the philosophy of sufficiency economy. The delegation included representatives of the Thai Consulate General in Ho Chi Minh City, the International Cooperation Agency at the Thai Ministry of Foreign Affairs, international colleges of Thailand, the Burapha University, and the Thailand Community-based Tourism Institute. They visited the districts of Binh Dai, Ba Tri, Thanh Phu, and Cho Lach to experience tourism activities linked with the mangrove forest ecosystem, those typical for the water-connected culture in the Mekong Delta, and the ornamental flower village of Cho Lach. Through the trip, they … [Read more...] about Thai experts assist Ben Tre in community-based tourism development

Kon Plong District in Vietnam’s Central Highlands province of Kon Tum was hit by nine tremors on Friday, with the strongest one measuring 4.4 on the Richter scale, according to the Vietnam Earthquake and Tsunami Warning Center under the Institute of Geophysics. The ninth tremor, with a magnitude of 3.0, occurred at around 12:47 pm. Previously, the eight other quakes, measuring between 2.6 and 4.4 on the Richter scale, hit the district from 5:00 am to 10:30 am, with the 4.4-magnitude one recorded at 7:45 am. Residents in neighboring areas such as Kon Ray District and Kon Tum City in Kon Tum Province and Chu Pah District in Gia Lai Province also felt the tremors. The Institute of Geophysics is monitoring the aftershocks of these tremors, which posed no disaster risk. Recently, Kon Plong was struck by six other tremors on Tuesday and Thursday. Since February 2021, quakes have become more frequent in this Central Highlands district than before, the Institute of Geophysics … [Read more...] about 9 tremors strike Vietnam’s Central Highlands district