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Many of Hanoi’s traditional markets have attracted fewer customers after the Covid-19 pandemic. At around 9 am on March 22, Nga Tu So Market in Dong Da District was quiet, with more traders than customers. A man who works for the market’s parking lot said that over the past few years, just 20-30 motorbikes have been kept there every day compared to the hundreds a decade ago. Dang Viet Bang, deputy head of Dong Da District’s Market Management Board, said amid the fierce competition from online shopping, the number of traders at Nga Tu So Market has fallen to 200 compared to the previous 754. Some areas in the market have seriously deteriorated. Kim Yen, a 59-year-old trader, often turns on music to exercise as she has so much free time. Kim Giang Market in Thanh Xuan District is in the same situation. Ha The Hoach, owner of an electronic shop, said more people flock to supermarkets and shopping malls to buy electronic products, causing … [Read more...] about Hanoi traditional markets suffer fall in sales

Property arm Lotte Land last month said it would cease plans for the Lotte Eco Logis Dong Nai, which was granted an investment certificate only in November 2022. illustration photo/source baodautu.vn In a document dated March 2, Dong Nai Industrial Zones Management Board stated that Lotte Land had sent an official document on cancelling the project in Nhon Trach Industrial Zone VI from February 17. The board requested the investor to liquidate the project and fulfill all obligations related to the operation of the enterprise in accordance with the law. Younggun Ko, a director of Lotte Land, told VIR that various circumstances and investment plans related to this project had been changed, leading to the cancellation. Ko added that the move would not make much of an impact on the business of Lotte Land, and its general business strategy would remain the same. Lotte Mall Hanoi, a $600 million facility, is still expected to open in August and will include a hotel, … [Read more...] about Lotte switches focus after cancellation of warehouse development in Dong Nai

The Vietnam News Agency (VNA) and the National Associated Press Agency of Italy (ANSA) sign a professional cooperation agreement at an online ceremony held in Hanoi on February 20. (Photo: VNA) Hanoi (VNA) - Italian Ambassador to Vietnam Antonio Alessandro cited Italian President Sergio Mattarella's words as saying that the relationship between the two countries “strongly rooted in history” while granting an interview to the Vietnam News Agency (VNA) on the occasion of the 50th founding anniversary of bilateral diplomatic ties (March 23, 1973 - 2023). The following is the full text of the interview. Reporter: How do you evaluate the relations between Vietnam and Italy since the establishment of the bilateral diplomatic ties 50 years ago, especially since the upgrading of the relationship to a strategic partnership in January 2013? Ambassador Antonio Alessandro : I would use the words of the President of the Italian Republic Sergio Mattarella, who has just released a … [Read more...] about Italy – Vietnam relationship “strongly rooted in history”: Ambassador