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Vietnamese people's cultural and human values should be central to the capital’s industrialization process. Hanoi aims to spearhead the nation's industrialization and modernization until 2030, with an eye on 2045. Hanoi has seen major transformation over the years. Photo: Pham Hung According to the municipal Party Committee, the goal of the plan is to transform the mindset and build consensus in the political system and people to achieve socioeconomic development objectives. The Party Committee emphasized the use of science-technology and innovation, specifically Industry 4.0 advancements, as a key solution for the country’s modernization in the 2021-2030 period. “This would help Vietnam to make breakthroughs in productivity and improve the economy's competitiveness,” stated the plan. For Hanoi, the plan identifies key targets for economic growth, enhancing socio-cultural values, urban development, and environmental protection. By 2030, Hanoi and other … [Read more...] about Hanoi to spearhead the nation’s industrialization efforts until 2030

As of the Kanagawa Festival in Hanoi, its latest holding last year has left good imprints on the locals and Vietnamese people. Hanoi will continue tightening relationships with Japanese localities including Kanagawa, focusing on the development of economic and cultural exchange, educational cooperation, and manpower training, among others. Deputy Chairman of Hanoi People’s Committee Nguyen Doan Toan stressed the idea when receiving Governor of Kanagawa prefecture Yuji Kuroiwa on November 11. The meeting also saw the attendance of Umeda Kunio, Ambassador of Japan to Vietnam. At the meeting, the two sides discussed the organization of the Kanagawa Festival in Hanoi this year and the orientations of cooperation between the Vietnamese and Japanese localities in the coming time. According to Hanoi’s deput mayor, the city is currently on a very strong development momentum, to which many Japan – Vietnam cooperation projects have contributed a great deal. Deputy … [Read more...] about Hanoi looks to tighten cooperation with Japanese locality

Vietnam plans to welcome one million Korean arrivals this year. Jeju Air, South Korea’s biggest low-cost carrier, will resume services on the routes from Incheon to Hanoi and Ho Chi Minh City from April 20, after three years of suspension due to Covid-19, according to Yonhap. South Korean and Vietnamese enterprises attend the 2022 Vietnam Tourism - Culture F estival in Seoul last October. Photo: Toquoc Until late 2019, the budget carrier operated eight routes to five cities, including Danang, Hanoi, Ho Chi Minh City, Nha Trang, and Phu Quoc. Last June, the company restored the connection from Incheon to Danang and Nha Trang, and from Busan to Danang. Jeju Air aims to turn around this year after posting net losses for three consecutive years through 2021 as eased virus restrictions unleash pent-up travel demand. Vietnam expected to receive one million Korean arrivals this year, hoping to make a breakthrough in tourism cooperation in the near future, … [Read more...] about Jeju Air to resume service to Vietnam from April 20

Deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu has said that bad debts are climbing for both credit organisations and the wider economy. "It is an ongoing challenge to manage bad debts and banking activities will be seriously affected over the next few years," said Tu. He said that the woes would be revealed more clearly as the ratio of on-balance-sheet bad debt continues to grow due to inflation and interest rate rises. At the end of 2022, bad debts were classified based on the groups of borrowers and economic issues like recovery and inflation curbing. Can Van Luc, a member of the National Monetary and Financial Policy Advisory Council, said that on-balance-sheet bad debt could reach 2.3-2.5 per cent and gross bad debt could hit 6 per cent in 2023, rising into 2024. As the regulations on unchanged debt groups in Circular No.14/2021/TT-NHNN expire, economic recovery could suffer. According to the SBV, at the end of 2022, the ratio of … [Read more...] about Bad debts continue to soar at commercial banks

Seven international partners will support the investment in infrastructure, transport, urban development, and climate response. Nearly US$8 billion will be pumped into Vietnam's Central Coast region to support the socio-economic development of the region towards sustainability and climate adaptation. An overview of the signing and awarding ceremony. Photo: Trung Nhan/The Hanoi Times The value was announced at a signing ceremony held on February 5 between the Ministry of Planning and Investment and international partners. Accordingly, the local authorities granted investment certificates and approved investment policies and investment cooperation for domestic and international investors. Among the investment deals, seven development partners are committed to providing a total capital of more than US$1.7 billion in 45 projects. The partners included the Asian Development Bank (ADB), the French Development Agency (AFD), the International Fund for Agricultural … [Read more...] about $8 billion to be pumped into Vietnam’s Central Coast

Tsai uploaded the video on Instagram, which shows her dancing to "See Tinh" with friends, in early May, and it was shared widely on social media and forums. Many of her fans downloaded the video as they love her dancing. Tsai's fanpage manager credits "See Tinh" in the caption for the video: "Jolin Tsai’s first show in the new year is a dance to Hoang Thuy Linh’s viral song on Douyin." Douyin is the Chinese version of TikTok. Tsai, 43, is the most successful singer in Taiwan. Dubbed the "Queen of C-Pop", she is considered one of the most influential artists in Chinese pop culture. She's also credited as a key figure in mainstream dance-pop music in China. The "See Tinh" fever is continuing to spread on Douyin and other video platforms in China. For its virality, the Chinese media called it a "superhit." Videos of people using and dancing to this tune have exceeded four billion views. Many people said they feel like this song is everywhere recently. The fans love "See Tinh" for … [Read more...] about Taiwanese pop star dances to Vietnamese viral hit

The National Institute of Hematology and Blood Transfusion (NIHBT) and Hanoi Youth Association for Blood Donation on February 6 kicked off the Xuan Hong (Red Spring) Festival – the biggest annual blood donation campaign of the season. People join the Xuan Hong (Red Spring) Festival – the biggest annual blood donation campaign of the season staring on February 6. (Photo: VNA) The one-week event themed “Donating blood in spring, multiplying happiness” expects to receive about 8,000 blood units. Donors can visit one of the seven venues in Hanoi, including the institute, Agricultural General Hospital, No26 Luong Ngoc Quyen in Hoan Kiem district, No10, Hamlet 122, Lang Street in Dong Da district, No78 Ngueyn Truong To in Ba Dinh district and No132 Quan Nhan district in Thanh Xuan district and People's Committee headquarter of Trau Quy Town in Gia Lam district. NIHBT Director Nguyen Thanh Ha said that this year, thanks to the community's efforts, … [Read more...] about Biggest spring blood donation festival kicks off

At the event (Photo: VNA) Hanoi (VNA) – The vaccine against African swine fever (ASF) AVAC ASF LIVE developed and produced by AVAC Vietnam Co., Ltd.  is expected to be distributed nationwide from February this year, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien . efficacy rate reaching 95%. The vaccine was approved for circulation on July 8, 2022 and put into use under supervision at pig farms. AVAC Vietnam also cooperated with the CP Livestock Joint Stock Company (CP Vietnam) to organise the pilot injection of 600,544 pigs at 545 farms, and took 5,958 samples for testing. The results showed that 93.34% of the samples met the technical requirements. Vietnam has become the first country to successfully develop and produce two vaccines against ASF, a disease that first appeared in Africa in 1921 with a mortality rate of up to 100%. VNA … [Read more...] about African swine fever vaccine to be circulated nationwide from February

Illustrative image (Source: GettyImages) Hanoi (VNA) - Jeju Air Co. , the biggest low-cost carrier of the Republic of Korea , said on February 6 that it will resume many routes to Vietnam in April after three years of suspension due to the COVID-19 pandemic. The carrier plans to restore services on the routes from Incheon to Hanoi and Ho Chi Minh City on April 20, Yonhap news agency said, citing the company's statement. Jeju Air operated eight routes to five Vietnamese cities – Da Nang, Hanoi, Ho Chi Minh City, Nha Trang and Phu Quoc -- at the end of 2019. Most of the routes were suspended in early 2020, when the pandemic hit the airline industry. In June last year, the company resumed the routes from Incheon to Da Nang and Nha Trang, and the Busan-Da Nang route. Jeju Air also plans to restore flights between Incheon and Vientiane of Laos from April 20. The airline aims to turn around this year after posting net losses for three consecutive years through 2021 … [Read more...] about RoK’s Jeju Air to expand flights to Vietnam

Two homestay groups in the Mekong Delta province of Vinh Long and the Northwestern province of Lao Cai received the ASEAN Homestay Award. Meanwhile, four units won the ASEAN Community Tourism Award, namely the Quan Ba Community Tourism Service Cooperative in Ha Giang province, Sin Suoi Ho community tourism village in Lai Chau province, Tan Thanh fishing village in Quang Nam province, and Thai Hai Reserve Area of Ecological Houses-on-Stilts Village in Thai Nguyen province. The ASEAN Public Toilet Award was awarded to the toilets in Saigon Skydeck of Bitexco Financial Tower, Southern Women's Museum and Ben Xua Tourist Area in Ho Chi Minh City. The winners of ASEAN Spa Service Awards were Cham Spa & Massage in the Central city of Da Nang, Sen Tai Thu Vincom Mega Mall Smart City in Hanoi, Sol Spa of Minera Resort Hotel in the Southern province of Ba Ria - Vung Tau, Chi Spa of Silk Path Grand Resort & Spa Sapa - Lao Cai province, and Thala Spa of Best Western Premier Sonasea … [Read more...] about Vietnam wins numerous ASEAN tourism awards