Hanoi capital city is generally not as exciting as ho chi minh city

The Ho Chi Minh City Center for Disease Control (HCDC) said on Thursday it is monitoring people entering the city from regions hit by the Nipah virus, whose spread has killed two people in India's southern state of Kerala within one week. The southern Indian state recently reported six Nipah infections in one week, with two dead and a nine-year-old patient in serious conditions. More than 700 people, including healthcare workers, were tested for the deadly virus. The Kerala administration shut some schools, offices, and public transport in an attempt to curb the spread of the Nipah virus. Given the spread of the deadly virus, the HCDC ramped up efforts to monitor those entering the southern Vietnamese metropolis from virus-hit areas via Tan Son Nhat International Airport and seaports citywide to early detect and timely handle those with probable Nipah infection. Those who develop fever and headache symptoms along with respiratory problems such as coughing, a sore throat, and … [Read more...] about Ho Chi Minh City Center for Disease Control stays vigilant against Nipah outbreak in India

Hanoi takes a selective approach to attracting investment, prioritizing projects in high-tech, clean-tech, and environmentally friendly sectors. Hanoi will create conditions for domestic and foreign investors to develop the semiconductor industry in the city and the whole country, said Deputy Chairman of Hanoi People's Committee Nguyen Manh Quyen at the seminar "Development of Semiconductor Ecosystem and Connection for Investment in Hanoi" on September 27 in Hanoi. Delegates at the conference. Photo: The Hanoi Times He stated that the semiconductor industry is of great interest to the Government and the Prime Minister as it enhances Vietnam's participation in regional and global value chains and the development of high technology, electronics, semiconductors, financial centers and innovation. "Prime Minister Pham Minh Chinh encouraged US semiconductor companies to deepen and expand their investments in Vietnam at various stages, including infrastructure … [Read more...] about Hanoi encourages semiconductor investment

At Khoi Dang Tac Khi, a lantern workshop where old-fashioned Mid-Autumn festival lanterns are crafted for and promoted to customers from around the globe, Nguyen Thi Kim Thuy, 31, and her husband are busy preparing for the upcoming holiday. When it all started Founded in 2022, Khoi Dang Tac Khi refers to the sound of a beating drum on a battlefield. Though the workshop was only launched last year, Thuy has been working with lanterns since 2018 when she came across photos of people hanging traditional lanterns on the streets of Hanoi in the 1920s to celebrate the Mid-Autumn festival. The Mid-Autumn Festival, which is celebrated by many Asian countries including Vietnam, is due on the 15th day of the eighth month in the lunar calendar. It is a tradition for children to spend the holiday carrying lanterns, chanting traditional moon-welcoming songs, and playing traditional games. Seeing those pictures of the old days, Thuy was deeply impressed with the sophisticated and … [Read more...] about Ho Chi Minh City couple bring traditional lantern to global audience

Last week, Hanoi police determined that the cause of the mini apartment fire in Hanoi that killed 56 people and injured dozens was an electrical short circuit on a gasonline-engine motorbike. The information dispelled rumours that the cause of the fire was a fault in an e-bike. However in recent days, as a result of the rumours, owners of all types of buildings in the city introduced rules to limit the charging of e-bikes in basements and centralised parking areas. Some localities even issued a document prohibiting the charging of electric vehicle (EV) batteries in apartment basements. Added spark wanted for EV charge stations, illustration photo 27-year-old Nguyen Huong Giang, a resident of Thanh Xuan district in Hanoi complained, “The building owners and their management boards agreed that there are no EVs allowed, and no-one is allowed to recharge in the building. So where can I park my e-bike and how can I charge it?” There are many others like Giang. On a … [Read more...] about Added spark wanted for EV charge stations

The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes

Honoured categories consist of Individual Investors Best Choice and Financial Institutions Best Assessment for the top three of large cap, mid cap, and small-micro cap firms. (Photo: VNA) HCM City (VNA) – Winners of the 2023 Investor Relations Best Practice Awards (or IR Awards ) were honoured at a ceremony held in Ho Chi Minh City on September 28. Co-organised by Tai Viet Joint Stock Company (Vietstock), Vietnam Association of Financial Executives (VAFE), and Finance and Life E-magazine (FiLi), the annual event recognised listed companies with the best IR practices of the year through quantitative screening, voting, and professional assessment. FiLi Editor-in-Chief Nguyen Nhu Hung said that the awards promote the business community's awareness of the role and importance of IR activities, improve information transparency and disclosure quality, and strengthen investor confidence in the Vietnamese stock market. This year, it saw the participation of 731 firms … [Read more...] about Winners of Investor Relations Best Practice Awards honoured

Logistics groups go green to add to net-zero goals, source: DHL Express DHL Express on September 19 onboarded Asia Commercial Joint Stock Bank (ACB) to its GoGreen Plus service to reduce carbon emissions for its time-definite international shipments through the use of sustainable aviation fuel (SAF). By investing in GoGreen Plus, it is estimated that ACB will be able to reduce 14 tonnes worth of total CO2 emissions within a 12-month period. The entire process is verified annually by an independent third-party agency. In addition, a complementary carbon footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express. Bernardo Bautista, general director and country manager for DHL Express Vietnam, said that the company believed that corporate social responsibility and business success go hand-in-hand. “Global sustainability and environmental protection are important for all of us, including our customers. With SAF as our key lever to effectively … [Read more...] about Logistics groups go green to add to net-zero goals

SINGAPORE/HANOI -- Singapore's sovereign wealth fund GIC is among investors vying to buy up to 20 percent stake in grocer Bach Hoa Xanh from Vietnam's retail giant Mobile World Investment, in a deal that could value the grocery chain at up to $1.7 billion, two sources said. GIC declined to comment. Other bidders include companies from Thailand, the sources added, declining to be named as the matter is private. The identity of the potential buyers has not been reported previously. "The deal is nearing to the finalising stage and expected to close soon," one of the sources with knowledge of the matter said, adding that a deal could be sealed as early as the first quarter of next year if negotiations are successful. In a statement to Reuters , Mobile World said it would announce the information once the deal was concluded. "We are still in a private placement and have signed an agreement not to disclose information with interested bidders," it said. The potential deal would … [Read more...] about Singapore’s GIC among bidders vying for stake in Vietnam’s third largest grocery chain

Vietnam attracted close to US$20.21 billion in foreign investment in the year to September 20, up 7.7 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In particular, foreign investors registered to inject over $10.23 billion into nearly 2,300 new projects in the nine-month period, surging 66.3 and 43.6 percent, respectively. The period also saw 934 operational foreign direct investment projects revise up their capital by a total of over $5.15 billion, up 21.5 percent in the number of projects but down 37.3 percent in the additional capital. Foreign investors also conducted around 2,500 transactions to contribute funds to and acquire shares in local firms with total capital of $4.82 billion, edging down five percent in the number of transactions but soaring 47 percent in value. They poured capital into 18 out of 21 national economic industries in Vietnam, with the processing and manufacturing sector taking the lead … [Read more...] about Vietnam’s 9-month foreign investment attraction up 7.7 percent

Illustrative image (Photo: VNA) HCM City (VNA) – The Ministry of Labour , Invalids and Social Affairs (MoLISA) held a national conference in Ho Chi Minh City on September 28 to discuss the implementation of a project on building and implementing an action plan to realise goals of the ASEAN Socio-Cultural Community (ASCC) until 2025 (Project 161), in both in-person and online format. The annual event brought together the ASEAN Secretariat in Indonesia, the MoLISA, the Ministry of Foreign Affairs, the Ministry of Industry and Trade, the Government Office, and various ministries and agencies within the ASCC in Vietnam, along with leaders from southern cities and provinces. Speaking at the event, Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thi Ha said during 2021-2022, the MoLISA worked closely with ministries, agencies and localities to complete the action plan to carry out the Project 161, with the majority of the goals outlined in the ASCC being … [Read more...] about Vietnam looks towards ASCC goals for the 2021-2025 period