Gilbert arenas highlights

Vietnam’s logistics industry has been one of the fastest-expanding areas boosted by the country’s GDP over the years, and the country’s rising manufacturing and e-commerce have also contributed to this growth. Pritesh Samuel - Head of Business Intelligence at Dezan Shira & Associates Vietnam’s aim to develop itself as an export-driven economy is another reason why logistics play a vital role in supporting economic growth and facilitating trade. In fact, the total export and import turnover of goods in the first six months of 2023 reached $316.65 billion. Aviation, maritime, and road networks contribute to the bulk of freight. Vietnam’s ports handled around 733.18 million tonnes of cargo in 2022, this increase was up by 4 per cent compared to 2021. Container throughput was estimated at 25.09 million TEU, up 5 per cent from 2021. The volume of cargo transported by road was 1.2 billion tonnes in 2021. Goods are mainly transported by road transport, which accounts … [Read more...] about The growth drivers for logistics arena

Võ Trí Thành * Võ Trí Thành The General Statistics Office on Friday unveiled a comprehensive report on Việt Nam's socio-economic development for the third quarter and the first nine months of this year. The report demonstrates a less daunting economic landscape, albeit one that remains exceedingly challenging if the nation is to achieve the economic growth targets set by the National Assembly. As of the third quarter of 2023, Việt Nam's economy has traversed two-thirds of the year, yet the Gross Domestic Product (GDP) has only expanded by a modest 4.24 per cent in comparison to the same period last year. This growth rate, though higher than the rates recorded in the corresponding nine months of 2020 (2.19 per cent) and 2021 (1.57 per cent) during the 2011-23 period, falls short of the ambitious 6 per cent growth target set by the National Assembly for the whole year, let alone the more ambitious target set by the Government at 6.5 per cent. The economic recovery following the … [Read more...] about Việt Nam’s economic landscape at crossroads: Q3 reports highlight challenges in achieving targets

Under the golden sunshine and fresh breeze, the Hanoi Autumn Festival was successfully held over the weekend, attracting large crowds of visitors. With the theme "Hanoi Autumn: Come to Love," the Hanoi Autumn Festival 2023 was successful as its diverse program of activities attracted about 80,000 visitors, according to the head of the Tourism Promotion Department. On October 1, the Hanoi Autumn Carnival, part of the Hanoi Autumn Festival, was held in a lively and colorful way in the pedestrian area of Hoan Kiem Lake. A booth selling banh cuon (steamed rice crepe) at the Hanoi Autumn Festival. Photo: Moc Mien/The Hanoi Times Held under the theme "Bright Colors of Autumn," the festival featured performances by art groups and the presence of women dressed in ao dai (traditional long robes), which added a charming touch to the event. Nguyen Thi Chanh, head of the Muong Gong Club in Phu Man commune, was happy that her ancient gong … [Read more...] about Hanoi Autumn Festival is a success: 80,000 people attend

Do Thanh Trung, Deputy Minister of Planning and Investment Although SOEs account for a small proportion of the economy, they hold significant resources for the nation’s socioeconomic development, playing a core and vital role in building and safeguarding our homeland in a new context. The significant growth of SOEs contributes to socioeconomic development and serves as an effective tool for macroeconomic regulation, price stabilisation, social security, national security, and sovereignty, especially in border and island areas. SOEs are vital in building and developing essential economic infrastructure and leading industries to drive economic growth, especially in a context where the private sector has not yet fully grown and lacks the capability to perform better. Despite the positive results achieved, the activities of SOEs, especially investment activities, still have some existing limitations. Firstly, SOEs are slow to adapt to the new era, and their roles in … [Read more...] about Defining SOE priorities vital

The EU official began implementing the transition period of the Carbon Border Adjustment Mechanism ( CBAM ) from October 1. As a result, iron and steel, cement, and fertiliser manufacturers in Vietnam are required to report total verified greenhouse gas (GHG) emissions embedded in goods exported to the EU. At an event on green steel production at the end of September, Nghiem Xuan Da, chairman of the Vietnam Steel Association, said that the country is taking the first steps to build a carbon-neutral roadmap for the steel industry. "Towards 2025, the steel industry aims to reduce GHG emissions by 10-30 per cent by optimising processes, energy, raw materials, and technology. In 2025-2030, the industry will use low-carbon materials and increase the amount of hydrogen gas in steel factories by 30 per cent," Da explained. Despite the ambition to reduce GHG emissions, the CBAM will pose a major challenge for Vietnamese steel exporters, according to Da. In the first six months of 2023, … [Read more...] about CBAM heralds new journey for sustainable energy use

The cover of the book (Photo: VNA) Hanoi (VNA) - The Vietnam News Agency Publishing House has compiled and published a photo book entitled " General Vo Nguyen Giap ”, on the occasion of his 10th death anniversary this year (October 4, 2013-2023). It is also in anticipation of the 80th founding anniversary of the Vietnam People's Army, the 70th anniversary of the Dien Bien Phu historic victory and the 113th birth anniversary of the late general next year. Printed in both Vietnamese and English, the book compiles hundreds of photos featuring the General which were selected from various sources, providing readers with vivid images and detailed annotations on his life and career. It also highlights the historical changes, the battles and the victories of the Vietnamese army and people in the 20th century via three parts: Hometown, Family and Childhood; Military Genius; and General of the Times. General Giap, whose real name is Vo Giap, was born in Loc Thuy commune … [Read more...] about Vietnam News Agency publishing house launches photo book on Gen. Vo Nguyen Giap

The project will enhance transportation connectivity, attract investment, ease traffic congestion on National Highway 3 leading to Noi Bai International Airport, and facilitate access to central Hanoi. The Hanoi People’s Committee [today] October 2 inaugurated the US$27-million road connecting the Soc Son satellite urban area to Vo Nguyen Giap Street. Delegates at the ceremony. Photos: Trong Tung/The Hanoi Times Work on the five-kilometer road, funded by the People's Committee of Soc Son District, started on July 28, 2020. It comprises the main route and service roads, designed for a speed limit of 70 kilometers per hour, with a cross-section width of  40 meters to 50 meters. The investment in the project encompasses comprehensive and modern upgrades to the foundation, road surface, sidewalks, landscaping, and lighting infrastructure. The total investment in this endeavor amounts to nearly VND659 billion ($27 million), of which VND257.4 billion ($10.5 … [Read more...] about Hanoi completes $27-million road to Soc Son satellite urban area

WELLINGTON - New Zealand is launching a new tourism campaign with Kiwi director and actor Taika Waititi to attract visitors after the sector was hammered by Covid-19 and border closures. Tourism New Zealand on Wednesday (Oct 4) will premiere a three and a half minute promotional film featuring the Oscar winner and Jade Daniels, his stunt double in the HBO romantic comedy series Our Flag Means Death which is filmed in New Zealand. Visitors from United States are a major target audience, said Rene de Monchy, chief executive for Tourism New Zealand. The film, shot in December 2022, will also play on social media platforms in Australia, Germany, the UK and parts of Asia. "Competition is heating up and economic times are a bit tough in many parts of the world so we've got to keep being innovative and top of mind for people." Prior to Covid-19 and the closure of New Zealand's borders, international tourism was New Zealand's largest source of foreign exchange and accounted for about … [Read more...] about New Zealand starts new tourism campaign as post-Covid visits lag

Digital board showing stock information inside the building of the Hồ Chí Minh Stock Exchange (HoSE). — VNA/VNS Photo Việt Nam is still on the watch list of FTSE Russel for a possible reclassification from frontier to secondary emerging market status, the global index provider FTSE Russel said in its September report. However, the opportunity for the stock market’s upgrade may become clearer next year. The country has been on the watch since 2018. FTSE Russel said that Việt Nam’s reform progress is slower than expected, partly due to the COVID-19 pandemic. Việt Nam has yet to meet the delivery versus payment (DvP) criterion, which is currently rated as ‘Restricted’ due to the market practice of conducting a pre-trading check to ensure the availability of funds prior to trade execution, FTSE Russel said. Meanwhile, as the market does not experience failed trades, the ‘settlement - costs associated with failed trades’ criterion is unrated. It added that Việt Nam would need … [Read more...] about FTSE keeps VN on watch for reclassification to secondary emerging market

The launching ceremony of the Young Health Programme (YHP) Vietnam phase 2 in Hà Nội. The programme aims to improve knowledge about non-communicable diseases among young people. — Photo Courtesy AstraZeneca Vietnam Phase 2 of the Young Health Programme (YHP) Vietnam, which aims to contribute to improving the health and wellbeing of young people between age 10 and 24, was launched in Hà Nội by the Ministry of Education and Training, in partnership with AstraZeneca and Plan International Vietnam. The programme is a global initiative of AstraZeneca that emphasises youth well-being and the prevention of major non-communicable diseases (NCDs) such as cancer, diabetes, and heart and respiratory diseases. During the three-year programme, along with public awareness campaigns, school activities are to be carried out in Cầu Giấy, Long Biên, Đông Anh and Hai Bà Trưng districts in Hà Nội. The programme will improve knowledge about risk behaviours and NCDs prevention, which gives young … [Read more...] about Young health programme launches Phase 2 in Việt Nam