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The nation is facing a plethora of huge challenges as it aims to ensure a rapid, smart, and green digital transformation, according to insiders. As outlined during the seventh edition of the e-Conomy SEA report by Google, Temasek, and Bain, the Vietnamese digital economy hit US$23 billion in 2022 and is on track to reach US$49 billion by 2025, making it the fastest in Southeast Asia. Data compiled by the Ministry of Information and Communications indicates that the revenue of the Vietnamese information and communications technology (ICT) industry reached US$148 billion last year, accounting for 14.26% of the country’s gross domestic product (GDP). As a means of achieving the goal of the digital economy making up 20% of Vietnamese GDP, it can be viewed as essential for the country to maintain an annual digital economic growth of approximately 20%, more than three times higher than the projected GDP growth. Lessons learned from developed countries will prove to be valuable … [Read more...] about Vietnam facing great challenges in speeding up digital transformation

Will you choose beauty? The carnivorous Wavy Bubble Snail, perhaps, with its billowing skirts shimmering under UV light. Or will it be age? Like the venerable 500-year-old Methuselah oyster. Or will you be seduced by the leopard slug with its gymnastic mating ritual? The list of finalists for Mollusc of the Year has something for everyone. In a public vote ending Sunday, five species of soft-bodied invertebrates are vying to follow in the illustrious trail of previous winners, dubbed the "world's most beautiful snail" and "weirdest octopus". The grand prize? The triumphant species will have its genome decoded to better understand its evolution and potential benefits to humanity. The International Mollusc of the Year competition, which kicked off this month, is run by the LOEWE Centre for Translational Biodiversity Genomics, based in Germany. Organisers have whittled down the field from 85,000 mollusc species, thanks to nominations by researchers from around the world. By … [Read more...] about Their time to slime: who will be ‘Mollusc of the Year’?

Many hazardous types of rodenticides that were prohibited several years ago are now widely sold at pesticide shops, hawker stalls, and grocery stores, posing a threat to residents’ health and lives in Vietnam. In Hanoi, several types of rat poison, without labels or clear origin, are sold everywhere, from hawker stalls to convenience stores. At a grocer's at Thanh Cong B Wet Market, at least three types of rat poison are on sale at a price ranging from VND20,000 (US$0.85) to VND300,000 ($1.27). “Rodenticides mixed with unhusked rice were less effective to kill rats, while rats die immediately eating the poison with red liquid inside,” said the owner of the grocer's. The poisonous drug originates in China, said the owner. “I do not know the ingredients of this type, but the rat poison works well. Rats die right after eating a piece of cake and food mixed with a few droplets of the liquid drug,” stressed the owner. A search for rodenticides with keywords 'Rat poison' on … [Read more...] about Hazardous rat poison flooding Vietnamese market

Nguyen Hoai Phuong, CEO of Golden Trust, engages in discussion with Paul Reynish, CEO of Gong Cha Global, at the franchisee convention in Taiwan. — Photo Courtesy Gong Cha Vietnam HCM CITY — Golden Trust Company Limited, the operator of the Taiwanese bubble tea brand Gong Cha, recently announced it will open more secondary franchise stores in 2023 in Viet Nam. The announcement is part of the Gong Cha’s objective of achieving 10,000 stores in the world by 2030. Gong Cha’s goal was announced at the “Global Franchise Convention Taiwan 2023” event – a large-scale global franchise convention for the bubble tea industry with nearly 30 markets and 300 attendees. During three days, the convention discussed themes of the “Gong Cha, Go!” branding, overcoming challenges and competition, striving to achieve a customer experience in a profound way and maintaining quality through building a global supply chain system. It also approved the "Gong Cha Green" – a long-term project related to … [Read more...] about More Gong Cha franchises to be opened in Viet Nam

A Vietnamese man has chosen to follow the newest agricultural trend which guarantees both profit and quality, with human health always in his mind. While most villagers in Son La Province, located in northwestern Vietnam, still rely heavily on pesticides when growing vegetables and fruits, 30-year-old Vu Xuan Thanh pioneers clean agriculture practices with his organic crops. The Na San region, near Son La’s airport, is where Thanh’s orange garden is located. Customers are often invited to visit, observe, and acquaint themselves with clean agricultural practices that are becoming Thanh’s values to guarantee safety and quality of the goods he sells. Thanh’s garden of one hectare is covered with orange trees with ripe fruits hanging off of the branches that look like orange polka dots on a green background from afar. All these oranges are waiting to be reaped and sold in Hanoi’s organic grocery store chain ahead of Tet, when many kinds of fruit are in high demand. Tet is the … [Read more...] about Vietnamese man brings organic agriculture to his village

Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh During Sunday’s Vietnam Business Forum (VBF) in Hanoi, everything from the foreign labour situation and digital tax to combating climate change was discussed by the various participants, which included heads of influential international organisations. Arguably the most vital near-term issue according to those involved is power shortages being felt in some areas of the country. The Japan Chamber of Commerce and Industry (JCCI) said that northern industrial zones are being particularly affected, and it wants to see the nation’s Power Development Plan VIII to officially come on board as soon as possible. “In recent years, Japanese corporations have expanded their footprint in Vietnam to capture the great demand for renewable energy. But it is challenging for domestic businesses and financial institutions to independently execute large-scale power … [Read more...] about Business community leads call to action for authorities

Vietnamese boxer Nguyen Thi Tam lost 0-5 to world defending champion Nikhat Zareen of India in the light flyweight final match of the 2023 IBA Women’s World Boxing Championships in New Delhi on Sunday evening, bringing home a silver medal. Before the match, Zareen was considered the great hope for the host to secure the championship title. She was the defending champion in the 52kg class before moving down to the 50kg weight category. The first round saw Zareen, who received great cheers from home spectators, launch many quality right-handed punches toward Tam. The host boxer received five 10-point markings from judges, while the visiting fighter got five 9-point markings, losing the round. In the next two rounds, Tam maintained her attacking tactic, but it made no difference. Meanwhile, Zareen proved to be an experienced fighter when she kept distance and maintained a moderate attacking tempo, securing a 5-0 win in the end. The Indian boxer won a gold medal and a bonus … [Read more...] about Vietnamese boxer wins silver at world boxing championship

Soc Trang Province's OCOP products showcased at the workshop. — VNA/VNS Photo The One Commune One Product (OCOP) scheme has encountered a challenge in promoting local products, as producers face difficulties getting their products into local supermarkets, let alone big retail systems in major cities. According to the Department of Industry and Trade of the northern province of Vinh Phuc, statistics reveal that the province currently boasts 105 OCOP products. Among them, 26 products meet the four-star OCOP standards, 79 products meet three-star OCOP standards and many other high-quality traditional products. Many of these products are exported. However, a representative of the provincial Department of Industry and Trade told Dai Doan Ket (Great Unity) newspaper that although OCOP products were of high quality and high economic value, which met the requirements of standards and regulations on goods as prescribed, they still had no place in retail supermarkets and stores. … [Read more...] about OCOP products struggling to reach domestic supermarket shelves

As home to nearly 300 national treasures, Hanoi has a valuable source of ritual and cultural traits that tell its history of thousands of years. The United Nations Educational, Scientific and Cultural Organization (UNESCO) sees the partnership with Hanoi in heritage preservation as one of its key activities in the future, said Director of the UNESCO’s World Heritage Center Lazare Eloundou on March 27. Hanoi mayor Tran Sy Thanh (right) receives Lazare Eloundou, Director of UNESCO’s World Heritage Center, on March 27. Photo: The Hanoi Times The UNESCO expects to bolster the relationship with Vietnam’s capital city in preserving cultural traits and heritages, he told a meeting with Hanoi mayor Tran Sy Thanh. Lazare urged the municipal and local authorities of Hanoi to come up with solutions that bring balance between heritage preservation and socio-economic growth and lift the living conditions for local people. UNESCO will always partner with Vietnam to … [Read more...] about UNESCO promises tight partnership with Hanoi in heritage and relic conservation

To improve project readiness and provide opportunities to attract investment from Vietnamese and international investors, the schemes will receive tailored one-to-one and group support. This will include advice on technical aspects, financial models, materials, and advice on enhancing gender equality and social inclusion. The CFA is part of the UK government’s efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow two years ago, and offer support to implement the Vietnam Just Energy Transition Partnership (V-JETP) that was agreed upon in December last year. “The exciting and innovative projects selected to be part of CFA Vietnam underline the significant potential of the Vietnamese private sector to help tackle the climate crisis," British Ambassador to Vietnam, Iain Frew, said. "The expertise shared with these projects will help move them closer to finding investment, leading to reductions in carbon emissions for communities across … [Read more...] about Innovative low-carbon projects join UK’s climate finance scheme