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A campaign has been launched in Thu Duc city and districts in the southern largest economic hub to peel off illegal leaflets posted on walls and poles along local streets. (Photo: VNA) HCM City – Police in Ho Chi Minh City have taken various measures to combat loan sharks, and their efforts have paid off. A campaign has been launched in Thu Duc city and districts in the southern largest economic hub to peel off illegal leaflets posted on walls and poles along local streets, which contain advertisements for quick loans with low interest rates, ensnaring locals in never-ending debt traps. By VNA … [Read more...] about HCM City ramps up efforts to crack down on loan sharks

President Vo Van Thuong practices the "bathing of the Buddha" ritual at Minh Dao Pagoda in HCM City on May 26. (Photo: VNA) HCM City (VNA) – State President Vo Van Thuong offered greetings to Buddhist dignitaries and followers on the birth anniversary of Lord Buddha, while visiting Hue Nghiem and Minh Dao pagodas in Ho Chi Minh City on May 26. The anniversary is celebrated by Buddhist monks, nuns, and followers in the fourth lunar month every year to not only pay tribute to Lord Buddha but also honour the fine ethical and cultural values of Buddhism in society. Talking to Most Venerable Thich Tri Quang, Patriarch of the Patronage Council of the Vietnam Buddhist Sangha (VBS) at Hue Nghiem Pagoda, President Thuong offered greetings to the Patriarch, the VBS, monks, nuns, and followers both at home and abroad. He said Buddhism is currently one of the important religions in Vietnam and has great influence on the society. It is a patriotic religion that has accompanied the … [Read more...] about State leader extends greetings on Lord Buddha’s birth anniversary in HCM City

Vietnamese Prime Minister and the US President stressed the importance of maintaining exchanges between delegations at all levels, especially those of high ranking. With a focus on economic and trade cooperation, Vietnam-US relations continue to make strong progress, said Prime Minister Pham Minh Chinh during his meeting with US President Joe Biden on the sidelines of the expanded G7 Summit in Hiroshima, Japan on May 20. Prime Minister Pham Minh Chinh and US President Joe Biden are at the summit's sideline. Photo: Nhat Bac The two leaders agreed on measures to strengthen bilateral relations between Vietnam and the US. They also discussed international and regional issues of common concern. Both stressed the importance of maintaining exchanges between delegations at all levels, especially high-level delegations. This is the second time in six months that the leaders of Vietnam and the US have met, following their previous meeting at the 40th and 41st … [Read more...] about Vietnam-US relations continue strong progress: PM

Nguyen Cam Loan in Ho Chi Minh City was frustrated after her recent trip to Phu Quoc for the Reunification Day and May Day (April 30-May 1) holidays. When using a taxi to take her family to a local restaurant, she was enthusiastically introduced by the driver to a rice pot restaurant. However, a meal for four people with regular dishes, including rice, boiled vegetables, braised fish and braised meat, cost nearly VND1.3 million ($55.39). She then complained to the taxi driver who took her family to the restaurant to no avail. Incensed, Loan said drivers should only recommend eateries based on quality, otherwise both drivers and restaurants "will lose customers in the future." Once a popular tourist hotspot for its famed pearls and scenery, Phu Quoc has been shunned by travelers recently. In addition to high airfares, exorbitant service prices have made the island lose much of its charm in the eyes of many tourists. Phu Quoc officials have said that food services in Phu Quoc … [Read more...] about Taxi commissions raise Phu Quoc restaurant prices

The green funds to Viet Nam will be more abundant in the next few years on the back of the Just Energy Transition Partnership launched in December 2022. — Photo kinhtevadubao.vn The growing availability of green funds has exposed the need for professional institutions in Viet Nam to take charge of the green money granted to the country, according to insiders. Former head of the Banking Strategy Institute Pham Xuan Hoe said that green funds to Viet Nam will be more abundant in the next few years on the back of the Just Energy Transition Partnership launched in December 2022. At least US$15.5 billion initiated by the partnership will come in the form of preferential loans for three to five years to support the country's energy transition. The EU and the UK also got in on the act with committed assistance of $7.8 billion. Given the growing availability of green funds, Hoe called for a professional institution to manage the green money delivered to the country. He stressed that … [Read more...] about Green funds prompt need for fund-managing institution: insiders

In their discussion, Prime Minister Pham Minh Chinh and Trudeau expressed their delight at the sound growth of the Vietnam - Canada comprehensive partnership, notably the over-7-billion-USD trade turnover posted last year. Given that the nations are celebrating the 50th anniversary of their diplomatic relations this year (1973-2023), they agreed to promote multifaceted cooperation, contact, dialogue, the exchange of delegations at all levels, and people-to-people exchange. The Vietnamese Prime Minister recommended the two sides continue to promote trade-investment ties toward raising the bilateral trade value to USD 10 billion soon. He proposed Canada cooperate with Vietnam in new areas such as digital transformation, green transformation, circular economy and innovation; and sign bilateral agreements to promote cooperation in areas where the two sides have strengths and demand. Prime Minister Pham Minh Chinh also suggested Canada further create conditions for more Vietnamese goods … [Read more...] about Prime Minister meets Canadian, Indian, Comoros leaders

After an incense offering ceremony, Ambassador Pham Viet Anh introduced a space dedicated to President Ho Chi Minh at the embassy, where photos of the leader’s life and revolutionary career are on display. On the occasion, the embassy also inaugurated a bookcase on Vietnam, which introduces books on the Party's guidelines and policies, investment and business environment in the country, and Vietnamese culture, cuisine and tourism, in different languages. A delegation of the Vietnamese Embassy in the U.K. on May 19 visited the town of Newhaven in Lewes district, Sussex, southern England, where the young man Nguyen Tat Thanh, who later became President Ho Chi Minh, stopped over while working on the Newhaven-Dieppe ferry after World War I. Vietnamese Ambassador to the U.K. Nguyen Hoang Long recalled the time President Ho Chi Minh lived in London from 1913 to 1917 and the time he worked on the Newhaven-Dieppe ferry, which the diplomat said laid the foundation for the relations … [Read more...] about Activities abroad mark birth anniversary of President Ho Chi Minh

Since last October, Pham Manh Hung has been struggling to feed his five-member family. Hung has been forced into a reduction of working hours, while his wife last worked for an apparel company in Hanoi almost a year ago. For most of 2022, all 1,500 workers at Hung’s company in Hanoi’s Quang Minh Industrial Park (IP), producing furniture products exported to Europe and Japan, operated at full speed with many export orders coming from foreign partners. Prolonged economic difficulties will inevitably mean that some people will be squeezed out of work, photo Le Toan “However, over the past seven months, the company has landed only several orders. So its leadership has been seeking more markets for its products in order to create employment and retain workers,” Hung said. “They don’t want to let go of workers and instead reduce the working hours by two hours a day.” Meanwhile, his wife, Nguyen Thi Mo, had been working for a Japanese firm in the capital’s Thang Long IP … [Read more...] about Nation braced for dim job prospects

A range of projects across sectors have been given the go-ahead to crack on with development, photo Le Toan Nguyen Duc The, a private investor involved in real estate for many years, said that at present the market was in a strong phase, with choices for both buyers and sellers. Besides those who have had to leave the industry, there are also many who stayed due to good management of resources. “Many investors have turned away from high-risk products such as land plots or agricultural land in suburban areas to safer products such as town houses and apartments. They evaluate products not only in terms of cash flow, but also expect the ability to increase prices of each type. Products that serve real needs are in the sights of investors,” The said. Despite the difficult market, many investors with a solid financial background have not hesitated to launch new products with flexible payment policies such as splitting payments terms, interest support and big discounts to woo … [Read more...] about Prospects pick up within real estate market

PM Pham Minh Chinh spoke highly of the results of the talks between the Slovenian official and Minister of Foreign Affairs Bui Thanh Son, and her meeting with Minister of Industry and Trade Nguyen Hong Dien, as well as the Vietnam-Slovenia business in Ho Chi Minh City. The PM noted his belief that Fajon’s official visit to Vietnam from May 22-23 will contribute to advancing the traditional friendship and good cooperation between the two countries across spheres. Vietnam always attaches importance and wishes to enhance the multi-faceted cooperation with Slovenia, one of its traditional friends in Central-Eastern Europe, he affirmed. For her part, Fajon expressed her impression for Vietnam’s socio-economic achievements, and stressed that Slovenia wants to foster its cooperation and traditional friendship with Vietnam, a leading important partner of Slovenia in the region. PM Pham Minh Chinh rejoiced at the positive development of the bilateral ties over the past time, and … [Read more...] about Vietnam wants to step up multi-faceted cooperation with Slovenia: Prime Minister