The vision is for Hanoi to become a vibrant, green, and serene metropolis with the Red River landscape axis. "For a long time, people often say that Hanoi has turned its back on the Red River," Nguyen Van Loc, a 60-year-old resident of Phuc Tan Ward, Hoan Kiem District, told The Hanoi Times as he gazed out at the vast expanse of lush green land ahead, with thriving banana plantations growing on the fertile alluvial plains known as the Red River Alluvial Island (or Bai giua song Hong in Vietnamese). The Middle Island of the Red River. Photo: Chien Cong/The Hanoi Times Spanning around 18 hectares and stretching 3.8 kilometers in length, the area is under the jurisdiction of Chuong Duong and Phuc Tan wards, Hoan Kiem District. For many years, a significant portion of the alluvial island has been tilled by over 30 households for vegetable production. However, there is still a portion of the land that remains vacant and covered with overgrown reeds. "It is … [Read more...] about Red River – a centerpiece in Hanoi’s green development
Green manufacturing
PM calls for early finalisation of Comprehensive Economic Partnership Agreement with UAE
PM Pham Minh Chinh (R) and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi at the meeting in Hanoi on June 5. (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh received Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates (UAE) in Hanoi on June 5, calling on the UAE to work closely with the Vietnamese Ministry of Industry and Trade to soon finalise talks on the bilateral Comprehensive Economic Partnership Agreement (CEPA). The host leader hailed the two sides’ efforts to promote negotiations on the CEPA, especially when the two countries are celebrating the 30th founding anniversary of bilateral diplomatic relations in 2023. He affirmed Vietnam’s consistent foreign policy of independence, self-reliance, diversification and multilateralisation of external relations, and being a good friend, trustworthy partner, and responsible member of the international community. The country is also working to develop an … [Read more...] about PM calls for early finalisation of Comprehensive Economic Partnership Agreement with UAE
Core business key as companies pull out of real estate
In early April, the Board of Directors at Nam Viet JSC, a seafood producer in the southern region, gave the nod to the decision on dissolving Nam Viet Real Estate Co., Ltd. This company, based in Long Xuyen city in the Mekong delta province of An Giang, was founded in March 2022 to operate in real estate. Real estate might not always prove a fertile venture At the inception, the company had $3.5 million in chartered capital, which was scaled down to around $391,300 in mid-June 2022 before terminating operation in the recent past. At the company’s 2022 general annual shareholders meeting in June, CEO Doan Toi told shareholders that the company owned land, and that they would unveil two real estate projects later in the year, and another two in 2023. Last year, Nam Viet set an ambitious pre-tax profit target of VND1 trillion ($43.4 million) compared to a mere $6.5 million pre-tax profit posted in 2021, and committed to maintaining its profit in the range of a … [Read more...] about Core business key as companies pull out of real estate
Vietnam Sport Economy Summit 2023
On June 3, the Vietnam Sport Economy Summit 2023 took place in Hanoi with the coordination of the Vietnam Sports Administration (VSA), Central Committee’s Economic Commission and Vietcontent. Speakers at the Vietnam Sport Economy Summit 2023 on June 3, 2023 The first Vietnam Sport Economy Summit 2023, with the theme Unleashing the potential of the sports economy in the renovation period, included three discussions around the issue of cash flow in sports. Topics specific to each session included the business of sport and the central role of the league; professional sports leagues and related matters; as well as sports tournaments, school sports and related issues. The speakers gave views, opinions, and shared experiences on issues related to the management and development of Vietnam's sports economy both now and in the future. Dang Ha Viet, chairman of the Vietnam Sports Administration, said that the globalisation of the sports economy was increasingly developing in … [Read more...] about Vietnam Sport Economy Summit 2023
The future of tourism in Vietnam new visa policies and beyond
The fifth plenary session of the 15th National Assembly has discussed and approved a number of important draft bills, including three new amendments to regulations that have significant impacts on the tourism industry in Vietnam. These policies are expected to boost the recovery and development of the tourism sector. Martin Koerner - Chairman EuroCham Vietnam’s Tourism and Hospitality Sector Committee The first law is to extend the visa exemption duration from the current 15 days to 45 days for citizens of countries that currently can travel to Vietnam visa exempt, including France, Germany, Italy, Spain, the UK, Japan, South Korea, Norway, Finland, Denmark, and Sweden. This law aims to attract more tourists from these key markets and encourage them to stay longer and spend more here. The second law is to expand the list of countries eligible for e-visa from 46 to 80, including markets such as India, Brazil, Mexico, and Argentina. The e-visa allows visitors to apply … [Read more...] about The future of tourism in Vietnam new visa policies and beyond
FM’s France visit to reaffirm common perception of vision of bilateral ties: Ambassador
Vietnamese Minister of Foreign Affairs Bui Thanh Son . (Photo: VNA) Paris (VNA) – Vietnamese Ambassador to France Dinh Toan Thang has said Vietnamese Minister of Foreign Affairs Bui Thanh Son’s attendance at the 2023 Organisation for Economic Cooperation and Development (OECD) Ministerial Council Meeting (MCM) and official visit to France from June 5-8 would provide an opportunity to reaffirm the common perception of the vision of the bilateral relations and the determination to promote deeper and closer connections between the two countries, particularly in meeting their requirements in the new context. In an interview granted to the Vietnam News Agency (VNA)'s resident correspondents in Paris, Thang said it is the first visit to France by a Vietnamese Minister of Foreign Affairs since the two countries upgraded their relationship to a strategic partnership a decade ago. It is also meant to celebrate the 50th anniversary of bilateral diplomatic ties and the 10th … [Read more...] about FM’s France visit to reaffirm common perception of vision of bilateral ties: Ambassador
Eco-industrial park development targets net zero emissions
A view of Nam Cau Kien Eco-Industrial Park in Hai Phong. — VNA/VNS Photo Tran Viet The development of eco-industrial parks is considered an effective solution to contribute to completing the net zero emission target by 2050 in Viet Nam. However, there are still many problems with the mechanism. In a report on the development of industrial parks and economic zones conducted by the Ministry of Planning and Investment, by 2030, 40-50 per cent of localities will have plans to convert existing industrial parks to eco-industrial parks, and 8-10 per cent of localities have orientations to build new ecological industrial parks. This will contribute to the concretisation of the net zero commitment by 2050. However, many experts and businesses believe that it is necessary to have the determination of the businesses to achieve this goal, along with preferential policies and mechanisms. Now, Viet Nam has more than 400 industrial parks, but few of those industrial parks have strategies to … [Read more...] about Eco-industrial park development targets net zero emissions
Program spreads cultural values of lotus and Vietnamese Ao dai
The event introduced thousands of lotuses, together with collections of the Vietnamese Ao dai (Vietnamese traditional long dress), and antique bicycles. Through the activities at the program, the organizing panel expected to spread the beauty of the lotus flower and the traditional cultural values of the Ao dai which flatters the beauty of Vietnamese women. At present, Vietnam is studying and finalizing dossiers seeking recognition of the lotus as the National Flower of Vietnam and UNESCO recognition of the Ao dai as intangible cultural heritage. Earlier, an art space, themed “Lotus Calligraphy,” was held at the Hanoi Museum to introduce 40 calligraphy works written on lotus paintings by collector Nguyen Thi Thanh Tam, President of the Vietnamese Ao dai Heritage Club. This event was part of the activities to mark the 133rd birthday of President Ho Chi Minh. Showcased works were part of Nguyen Thi Thanh Tam’s “Lotus in Vietnamese cultural life” collection which won an Asia record. … [Read more...] about Program spreads cultural values of lotus and Vietnamese Ao dai
Trains resume service 51 hours after deadly India crash
Passenger and freight trains were running again on Monday at the site of India's deadliest train disaster in decades, which officials said was caused by failures linked to signal systems. Workers inspect the newly restored tracks at the accident site of a recent three-train collision near Balasore, about 200 km (125 miles) from the state capital Bhubaneswar in the eastern state of Odisha, on June 5, 2023. Trains rumbled past the debris of smashed carriages from Friday night's crash near Balasore in the eastern state of Odisha, where at least 275 people were killed and hundreds injured. Officials had initially reported 288 deaths, but the Odisha state government has since revised the toll to 275 after some bodies were mistakenly counted twice. Of the 1,175 injured, 382 were still being treated in hospital, authorities said on Sunday. However, many fear the death toll could still rise with medical centres overwhelmed by the number of casualties, many in … [Read more...] about Trains resume service 51 hours after deadly India crash
Ly Son island swimming event successful, to become annual tourism product
Nearly 250 athletes take part in the first sea swimming Ly Son Cross Island tournament on May 28. (Photo of organisers) Hanoi (VNS/VNA) - The open sea swimming competition on Ly Son island was highly appreciated for its organisation and preparation as it was held for the first time in the central province of Quang Ngai last weekend. In its inaugural race, nearly 250 athletes, locals and foreigners, swam in the middle of the sea paradise and overcame ancient craters and millions of years of volcanic sediment as well as diverse coral reefs. They were guided by a special corridor made of national flags from the start to the finish of the three-category competition entitled Ly Son Cross Island. Khoa Sun and Nguyen Thi Thu Trang won the men's and women's 5km, respectively. Vo Tri Trung and Tran Thanh Binh were winners of the men's and women's 2km classes. Nguyen Dang Khoa and Dang Linh Giang topped the men's and women's 1km divisions. "Congratulations to all the … [Read more...] about Ly Son island swimming event successful, to become annual tourism product